Crazy economic report from the IMF about Iraq…It’s wild. The IMF basically said Iraq’s economy is stable, but it’s slowing down outside of oil. They’re telling Iraq to make big changes or face serious budget problems. They want Iraq to increase taxes, cut government spending…and boost non-oil businesses. It’s like telling someone to eat 30% less, exercise 2 hours more daily and get a 50% better job all at once…Iraq might now even care about this advice if they decide to float their currency. They’re already destroying old banknotes to switch to digital currency.
