Earlier this month, on March 5th, the Iraqi parliament passed a 69.1 Trillion IQD budget. The Presidential Board (PB – composed of President Jalal Talabani and VP’s Tareq al-Hashimi and Adel Abdulmahdi) rejected it today.
The National Economic Forum that took place in Baghdad over the last couple days has been finalized. As you’ll see from this article, the actual effect on the value of the Iraqi Dinar is still unknown. Looking at the recent articles posted, you can always be hopeful if you’re invested – but as always, nothing is certain when it comes to the revaluation of the Dinar.
Many people believe that Iraq has no choice if they expect investors to put more money into the country, making Iraq the global player it has the reserves to be… and many people believe that the Iraqi government will never make that decision, regardless of how much sense it makes or doesn’t make.
Strange… that sounds a bit like the conversations we have about OUR government!
If you’re wondering why I didn’t discuss the actual article with any modicum of seriousness… I simply have a hard time lending credibility to a site that A) Doesn’t post the date on the article and B) Labels itself as a medium “For mass media culture and art”.
However, it does happen to be the most recent news I know of regarding the Economic summit, so here you go. LINK.
Come back soon, we’re just starting to have fun!
-Admin