Thursday, October 24, 2024

TIDBIT FROM MARKZ, 24 OCT

  MarkZ  

 [via PDK] 

   “Iraq Trade Bank opens a new branch in Baghdad” 

  The Iraqi Trade Bank‘s goal is to expand into other incomes outside of oil revenue…and loans for those businesses. 

This is part of the deep commitment Iraq has given to diversify its economy so it can justify a higher rate. It’s all in their white papers.

Comment: From Mnt Goat: The IQD rate on the QFS is $3.96 

  MarkZ:  That is well within the range that I am expecting to see.

at

🇮🇶🛢️ Iraq Continues Making Economic Progress: Another Piece of the Puzzle Moves Forward 💵📈

  Erbil and Baghdad have reached a final agreement to resume oil exports from the Kurdistan Region under a two-phase plan that will graduall...