mike

Iraq’s oil revenue for 2017 so far is projecting roughly $50 billion dollars with an annual payroll for government employees at roughly $48 billion.

Iraq’s trying to draw down the workforce and lower pay but so far, it’s a plan … Read More

mike

[Does it really matter to you that the dinar is a “hard currency” or when it becomes one? It does not have to be for the value to go up on the IQD now does it…?]

No sir, … Read More

mike

For me, the NFA is a measuring stick for assets abroad, the reserves are used to back liabilities on the issued currency.

I too agree the dinar will be a world recognized currency, but not a hard currency.

That’s my … Read More

mike

Here you go Enorrste:

A member of Iraqi Parliamentary Economic and Investment Commission Mamouri issued a statement regarding a significant decline in the reserves of Iraqi Central Bank up to 40 billion U.S dollars.”

I didn’t pull that … Read More

mike

Saleh has said a lot of inaccurate things over years, we had a lengthy debate about this in 2015, he has problems with the facts.

The facts are that Iraq has roughly 60 trillion dinars, or say $52 billion dollars … Read More

mike

What Iraq needs to do is abandon the centralized, socialist economic model and embrace the 21st century.

Get the banks up to snuff so they’re used for more than a currency trader, pass the economic laws and champion the open … Read More

mike

In 2015 Iraq had roughly $59 billion in reserves, but two and half years later it’s roughly $40 billion, Iraq has been cannibalizing the reserves to prop up the deficit in the budget.

There are numerous articles…that speak to the … Read More

mike

Article: “More than 100 IS fighters attack Iraqi forces in Mosul

ISIL is still attacking and on the offensive, they aren’t going to give up.

Iraqi forces are going to have to kill every one of them before … Read More

mike

Article: “Classification of banks for the purpose of entering the sale of foreign currency window

Banking reforms come first, they need to insure Iraqi banks conform to international standards to prevent money laundering and support for terrorist organizations.… Read More

mike

Article: “Iraqi Central Bank sales of foreign currencies fell $7 million

Quote: “…the exchange rate was 1182 dinars per dollar at the auction held with the participation of 35 banks and 10 financial companies for the conversionRead More