Quote: “Iraq is reportedly weighing a proposal to exceed OPEC production limits to offset revenue losses caused by the regional war with Iran. Sources say if OPEC rejects Iraq’s request for a higher quota, Baghdad may follow the UAE and withdraw from the organization to freely increase output. A decision could come after Iraqi Prime Minister Ali Al-Zaidi’s planned Washington visit in mid-July.” PM Al-Zaidi’s mid-July White House visit just raised the stakes. …One of the most important prerequisites for Iraq’s economic stability — and the revaluation of the IQD — is unfolding right now…Either OPEC allows Iraq to produce what it can and prosper…or Iraq walks…if Iraq leaves OPEC, instant budget surplus, stability, salaries paid, etc. 90% of their budget is oil. …We are in a lightning-speed prerequisite knock-out phase for the revaluation of the Iraqi dinar… :Ross
