Comments on: A “Confusing” Tidbit or Two?

By: honeybunny

honeybunny — Sat, 13 Feb 2010 08:53:53 +0000

IRAQ BUSINESS FORECAST 2010: Iraq’s economic progress depends, above all, on raising oil production levels over the coming years. As such, the recent deals that the government has struck with a number of international oil companies for the development of some of Iraq’s largest oil fields are therefore highly significant. The deals also bode well for Iraq’s second oil licensing round in December 2009, where the government plans to auction off 10 oilfields. We see real GDP growth averaging 5.6% over the five-year forecast period out to 2014. On the political front, January 2010’s parliamentary elections are another milestone for post-Saddam Iraq. We see the splits that have emerged in the main Sunni and Shi’a political groupings, and the fact that political parties are increasingly prepared to make alliances across sectarian divides, as positive indicators for future stability. The devastating bombings that hit Baghdad in October could hurt Prime Minister Nouri al-Maliki’s support ahead of January’s polls. This could open the door for the main rival to Maliki’s State of Law coalition, the predominately Shi’a National Iraqi Alliance, to achieve electoral success. However, no one coalition is likely to wield overarching power after the elections. This, in conjunction with greater Sunni voter participation, could enhance political stability as lawmakers are forced to compromise to achieve results. An unfortunate by-product is that the legislative process is likely to remain sluggish, and the prospects for the quick passage of the long-delayed hydrocarbon law are dim. The recent oil deals and our expectations for more to follow over the coming quarters support our relatively positive growth outlook over the next five years. So too has our improved outlook for the price of oil. Having revised our oil price forecasts upwards, we now see the government’s fiscal position as far more sustainable.
(( We do still forecast fiscal shortfalls out to 2014, but they should be manageable. Supported by healthy current account surpluses, we expect the central bank to hold the dinar steady at around IQD1,170/US$ over the next five years.))
The improvements in the security situation mean that Iraq is now an increasingly viable investment destination, and Baghdad is keen to welcome in foreign businesses. However, investors must be prepared for a myriad of challenges, including endemic corruption, poor infrastructure, an unsophisticated financial services sector and Iraq’s cumbersome bureaucracy. Nonetheless, Iraq is luring greater numbers of foreign companies, and not just into the oil sector. For example, parliament recently approved an amendment to the country’s investment law, allowing foreigners to own land for the purposes of housing projects. This change in legislation will improve the attractiveness of the Iraqi market for overseas property developers. Please see at http://www.companiesandmarkets.com/s…010-195614.asp I know this post was already happened last year 2009 and I feel unhappy about this news. I hope I don’t make everyone unhappy too. I hope this article isn’t right and I am happy to be wrong. Any comment everyone….

By: seng

seng — Thu, 11 Feb 2010 04:41:02 +0000

God reveal to me there will be $ 3 per 1 dinar in one day you believe or not.

By: harris

harris — Fri, 05 Feb 2010 03:39:52 +0000

I guess everyone already hear this news about postponing the electoral campaigns. The commissions council of the Independent High Electoral Commission (IHEC) decided on Thursday to postpone the electoral campaigns of all candidates and political blocs until February 12 instead of February 7 to give the federal court the opportunity to answer the IHEC’s questions. Well, if the date for the electoral campaigns postpone until Feb 12, then my qestion is ” is there a possibility that the election date will be postponed until March 12 ( one month from the first day electoral campaigns )all of sudden? I am happy to be wrong. But anyone has different perspective about this….

By: Joe

Joe — Thu, 04 Feb 2010 19:30:46 +0000

Scott it’s like your in my head.lol And Gary I have heard that but only as a rumor.I have not seen a link or article to back it up.

By: Gary

Gary — Wed, 03 Feb 2010 23:18:06 +0000

I was told that anyone holding 25K notes will have a very short time to trade them in, perhaps 30 to 90 days. If this is true, we will not be able to hold on to our dinars for the long term. I also heard that the dinar can not RV until after the election. Does anyone have the latest intel on that. We were hoping for 2/11/2010.

By: Scott

Scott — Wed, 03 Feb 2010 14:03:19 +0000

Information is for the fundementalist, but I am a technical investor who simply understands, Buy low and Sell high. Speculate if you want but sound judgement always prevails. Look at this as a long term investment and forget about it until it starts it’s mark up phase or as you call it the revalue. Many will react swiftly and sell at that time but the smart investors will hold to keep the demand and push the currency value higher. Manipulation will occur from the smart large holders of this currency when all the public has been bought out at the bottom. This is happening at the moment so hold on and ride the smart money bus. Sell during the Distribution top
when the trend changes and good luck.

By: Joe

Joe — Wed, 03 Feb 2010 03:50:37 +0000

If I have to wait that long I will.I see it rving by the time they are pumping half that.I been in this for 5 years whats a few more right.
That would really suck but all you can do is keep the faith right.Atleast I have a plan for retirement alot more then I had 5 years ago.I see it coming shortly after the troop withdrawl.Just my feeling I am happy to be wrong.

By: Frankie

Frankie — Tue, 02 Feb 2010 18:00:48 +0000

I feel you have summed up. Faith, Prayer and a Hope..without hope you have nothing to strive for.

By: Matt

Matt — Tue, 02 Feb 2010 17:03:55 +0000

Ok, so does this mean the RV will not happen for another 6 years???