[via PDK] There is still lots of chatter out of Iraq…there is a huge project that is underway right now as they look to fix their housing crisis. “Bismayah New City” This is part of the national housing program …massive new city about 10 miles north of Baghdad. Huge project and they have already broken ground. Where is this money coming from? How are they planning the potential 600,000 population city with houses, high rises, entertainment…you name it? It’s clear Iraq is planning for prosperity. They are going to need a new exchange rate to justify this city…imo.
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