Iraq Dinar Speculation

Hat tip to bluewaters2u, nice write up sir! Quoted text below relating to Iraq and the GCC:

This data clearly shows the strenght Iraq has and would bring to the GCC other than the weak current value of their Dinar…now would you not want to reinstate Iraq to the GCC with these numbers (compare them with the other GCC states and you decide)… It was suggested by the GCC a while back that they are looking at $1usd to $2.66 dinar (GCC) . I dont see any problem with Iraq meeting the requirments required to join the GCC….Blue
NOTE: these nubers were provided by the CIA at the end of 2008, as most of you know these numbers have greatly improved on Iraq’s Data. and not to forget the price of Oil for the last few months (price per barrel at est. $70.00).

Data / USD/local currency / GDP / GDP Growth

Iraq / 1170 / 112.8 B / 9.80%
Saudia Arabia / 3.75 / 582.8 B / 4.20%
UAE / 3.6725 / 184.6 B / 7.70%…

(Full numbers and links to articles in full story.)

(Full data and links below.)

Data / USD/local currency / GDP / GDP Growth

Iraq / 1170 / 112.8 B / 9.80%
Saudia Arabia / 3.75 / 582.8 B / 4.20%
UAE / 3.6725 / 184.6 B / 7.70%
Kuwait / 0.2679 / 149.1 B / 8.50%
Qatar / 3.64 / 85.35 B / 11.20%
Oman / 0.3845 / 67.00 B / 6.70%
Bahrain / 0.376 / 26.70 B / 6.10%
Yemen / 199.766 / 55.29 B / 3.20%

Data / Per Capita / Unemployment / Budget revenue

Iraq / 4,000 / 18.20% / 42.4 B
Saudia Arabia / 20,700 / 8.80% / 293 B
UAE / 40,000 2.40% 83.15 B
Kawait / 57,400 / 2.20% / 113.3 B
Qatar / 103,500 / 0.60% / 40.36 B
Omar / 20,200 / 15% / 14.6 B
Bahrain / 37,200 / 15% / 7.226 B
Yemen / 2,400 / 35% / 9.09

Data / Budget expenditures / Inflation / Industrial production growth

Iraq / 49.9 B / 6.80% / 10.50%
Saudia Arabia / 136 B / 10.30% / 4.50%
UAE / 48.3 B / 14.40% / 7.70%
Kawait / 63.55 B / 11.70% / 8%
Qatar / 28.08 B / 15.20% / 12.60%
Omar / 16.7 B / 12.50% / 3.40%
Bahrain / 5.806 B / 7.00% / 5.10%
Yemen / 10.55 B / 18.00% / 2.50%

Data / Oil production bbl/d / Oil Exports bbl/d / Oil proven reserves
Iraq / 2.42 M / 1.83 M / 115 B
Saudia Arabia / 9.2 M / 8.2 M / 266.8 B
UAE / 2.948 M / 2.703 M / 97.8 B
Kawait / 2.613 M / 2.356 M / 104 B
Qatar / 1.125 M / 1.026 M / 15.21 B
Omar / 758.6 K / 593.7 K / 5.5 B
Bahrain / 48,610 / ? / 124.6 M
Yemen / 320.6 K / 336.6 K / 3 B

Data / Natural Gas proven reserve / Current account / Reserves
Iraq / 3.17 T / 22.6 B / 46.8 B
Saudia Arabia / 7.167 T / 151. B / 28.5 B
UAE / 6.071 T / 36.41 B / 67.24 B
Kawait / 1.58 T / 65.21 B / 10.64 B
Qatar / 25.63 T / 22.71 B / 16.81 B
Omar / 849.5 B / 5.669 B / 11.11 B
Bahrain / 92.03 B / 2.269 B / 4.865 B
Yemen / 478.5 B / <2.175> / 8.306 B

Debt
Iraq 40.4 B
Saudia Arabia 63.2 B
UAE 73.71 B
Kawait 38.82 B
Qatar 48.91 B
Omar 6.12 B
Bahrain 10.57 B
Yemen 6.472 B

This info is based on end of 2008
info provided from spread sheet but I could not paste it, so I had to type each entry. never again, if you only new how bad my typing is…..thankyou DiamondBack for your work on this as well….Blue

Here are some great sites with GCC info and the Economic Agreement
Between the GCC States.

1. The Economic Agreement
Between the GCC States
http://translate.google.com/translat…e.google.co.uk

2. Iraq return a member of the Golf Cooperation Council
http://translate.google.com/translat…e.google.co.uk

3. Iraq to join Gulf trade cartel soon
August 22, 2009 – 06:45:44
http://en.aswataliraq.info/?p=11789

4. Urgent GCC meet today
http://www.saudigazette.com.sa/index…=2009022230040

5. Iraq soon join the Secretariat of the Federation of GCC
http://translate.google.com/translat…ate.google.com

6. Iraq soon join the Secretariat of the Federation of GCC Chambers ful story
http://translate.google.com/translat…e.google.co.uk

7. GCC news, great site for current and past news relating to the GCC
http://www.business24-7.ae/search/re…1&ie=UTF-8#358 gcc.doc (65.5 KB, 26 views)

I put these sites together because a lot of folks keep asking where to find news and info:
save these sites for reviewing new news coming out in your favorites and empower yourself. For all you newbee’s this is a great thing for you to save an use these sites for research….. TIP- when going to a news site, you can also use their research box and type in what you are looking for regarding a news topic…..good luck and lets see this RV done and out to the public already…..Blue

Knowledge is empowering and provokes ones thought process to post an opinion on the subject at hand. Empower yourself to research and feed your wisdom towards an educated opinion that gives merit to thought…..And always be true to yourself 1st…..Blue

Related posts:

1. Four countries set to replace currency with new “Gulf Dinar”
2. Monetary Policy in Iraq set to change?
3. Dinar Daddy: A “News-Frenzied” Tidbit
4. Iraq to resign oil contracts with Russia
5. Will Iraq get out of Chapter 7?

This entry was posted on Tuesday, August 25th, 2009 at 6:49 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.