Iraq’s got 43% more oil than Kuwait. What [Kuwait] doesn’t have is non-oil revenues. It’s very powerful. It shows Iraq is totally capable of having a real effective exchange rate that could be at least competitive and similar to the region.
Iraq’s got 43% more oil than Kuwait. What [Kuwait] doesn’t have is non-oil revenues. It’s very powerful. It shows Iraq is totally capable of having a real effective exchange rate that could be at least competitive and similar to the region.
