Pimpy
Don't get me wrong, they're going in the right direction. They're taking the right steps to strengthen their economy to strengthen the Iraqi dinar but if you're thinking this is going to happen overnight, you are sadly mistaken...The Iraqi dinar IMO is going to go up in increments. I still believe you're going to see an increase in the first quarter of this year.
What's attractive about coming over to Iraq to do business is the fact that the currency is so cheap, that labor... production...and product cost are all cheap as well.
Why do you suppose Nike gets their shoes made in China? Because...they pay $5/month and then bring the shoes over here to America and sell them for several hundred dollars. Do you see the huge profit margin.
That's the same thing with Iraq. The currency is so cheap the companies would rather do business in Iraq ...because of the cheap labor...When they increase the exchange rate it's more costly for labor, products and production...Do you think they want this low exchange rate? Yes. And...they want it much lower. They don't give a shit.
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