Iraq:Current Value 1 IDinar = .0007 USD
Slotted Potential Future Value: 1 IQD = .21 USD***
Land Mass: 437,072 sq km
Government Type: The Iraqi Interim Government (IG) was appointed on 1 June 2004. Interim Government Constitutional Parlimentary (Federated) Democracy. (semi-stable)
GDP: The IMF said it was cutting its forecast for gross domestic product growth this year from 17 percent to 4 percent. In 2004, the Iraqi GDP was $25.5 billion. This year it is projected to reach $29.3 billion.
$54.4 billion gdp (2004 est.) per: http://www.nationmaster.com/graph-T/eco_gdp
Assets: Petroleum, natural gas, phosphates, sulfur, large agricultural potentia (wheat, barley, rice, vegetables, dates, cotton; cattle, sheep, poultry). 13,400 oil reserves in million tonnes. 10% of potential reserves have been explored. IMF projections 2 to 2.5 mbpd for 2005-2006.
Before U.S.-led forces defeated Saddam Hussein, whose government also heavily subsidized gas prices for consumers, average annual oil production in Iraq was 2.5 million barrels per day. Iraq has large water sources many were dammed up and drained by the dictatorship of Saddam Hussein.
[SIZE=3]***If Stability and Security is achieved.[/SIZE]
Please remember this project rate also works will with the Finbonnaci project model of .20 that I projected back in Dec 04.