Iraq is in the process of returning/entering the economy market…they are doing it now…
All of those former government run entities that are becoming “private” run companies is the lunch of the “private sector”…
This is Iraq entering the markets.
It is not an “on/off” switch…IMO…during this process…
Iraq/CBI will start the payment of foreign remittances solely in the form of the IQD…
And that is when we will see why we invested in the IQD.
The reforms that Abadi is pushing through is much more for the future of Iraq than necessarily for today…
IMO, the corrupt know that the music is ending.
The change in the value of the IQD…will be an effect of other things…many of the “other things” lead to Iraq entering the markets…
and when Iraq does…they can not survive paying and thousand times more (1182 IQD) for every $1 of purchase internationally.
Thus they must compete at their true value.
IMO…the value of the IQD will change… because Iraq is doing those things financially to support a change in the IQD…
To me it does not matter when because when is coming.
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