MilitiaMan (KTFA)
If you’re trying to buy widgets at 1310 dinar to a dollar you can’t get very many widgets…Once they change the value of their currency to reflect the Real Effective Exchange Rate things become a lot cheaper for Iraq especially if they have the backing to prove they have…oil, gas, natural resources, tourism – all those things…they can easily meet a similarity to Kuwait. They’re a bigger country, they have more assets…They have everything going for them…they’re definitely undervalued at this time.
The Oil and Gas Law…they keep saying they’re going to have things done. I believe these guys have already done almost all the leg work…
Article quote:
“they’re in very advanced steps in accelerating the legislation of the oil and gas law…”
They’re basically saying we’re going to approve the law end of story. That’s phenomenal…
Article:
“The dinar is in the central recovery rooms.. and accusations against the Americans of creating crises”
Quote:
“…The National Currency requires elaborate measures to maintain strength in value internally and externally, on the basis of the measures to be taken will activate the private sector and expand the import and reduce exports.”
I may have this wrong, but, to build out the country, they need to do just as it is being stated. They need to take extreme measures to get the imports increased and the exports reduced. Why? Because, it is far cheaper to re-build the country with strength in the national currency. It is the foremost item that is now needed.
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