Fnu Lnu
A "small increase" will do nothing to jump-start their economy. They need big bucks in a hurry as they must import almost everything at this point but soon will be a powerhouse in the middle east.
[Response to Pimpy's 1-15-2024 post below]
Iraq has more oil than Kuwait. They also have a huge, top of the ground, gold deposit...Iraq has a very large gas supply which would add nearly 3 billion cubic feet a day (bcf/d) – around 517,000 barrels of oil equivalent per day. This will fuel gas powered electricity production. This will eliminate Iran from the equation and they would lose their grip on Iraq.
There are several plans afoot... Iraq recently held a two day event looking for foreign investment to develop their mineral resources.
During the event, Minister of Industry and Minerals Kahlid Battal Najam offered investors long-term partnership opportunities in a long list of state-linked phosphate, nitrogen, Sulphur, fertilizer and glass production projects. No, Iraq is not short of means of diversification. These examples just scratch the surface.
https://dinarevaluation.blogspot.com/2024/01/complete-response-of-fnu-lnu-to-pimpys.html
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