16% Growth expected - Iraq -buy more IQD hmmmm?

[coconut]

1232 + 16% = 1015

Think I'll buy a little more IQD - hold on my ISX - it dropped again today.

Barham Salih reveals high expectations of international economic growth for Iraq about 16%


A Deputy Prime Minister Dr. Barham Saleh said that the economic situation continued to improve and international estimates expect high rates of growth in the Iraqi economy some 6% and inflation was brought under control by hitting another level of about 33% this year and 16% for this month. This came during a media symposium held in London recently on the sidelines of his official visit to Britain. The d. Barham Saleh, President of the Economic file that the Iraqi government decided to allocate about two billion and a half-billion, for the development of provincial distributed between regions by the share of the population. He added: development, which occurred in the performance of administrative departments make the government lifted the budget allocated to the provinces to double. He also. Saleh said that the economic situation continued to improve and international estimates expect high rates of growth Iraqi 6% and inflation was brought under control by hitting this year about 33% and this month reached 16%. D admitted. Saleh said that the political reality of Iraq concern and there are many problems that prevent agreement to resolve crucial issues, and added that the petroleum law was suspended because of the political debate, which happened around paragraphs.

[coconut]

Interesting how the inflation rate moves around - I read 11% yesterday - up to 16% today - still impressive all things considered.

[wishn1hand]

I'm following the Egyptian businessman model...I'm buying more stocks.

[ISX_TIME]

1232 + 16% = 1015

Think I'll buy a little more IQD - hold on my ISX - it dropped again today.

Barham Salih reveals high expectations of international economic growth for Iraq about 16%


A Deputy Prime Minister Dr. Barham Saleh said that the economic situation continued to improve and international estimates expect high rates of growth in the Iraqi economy some 6% and inflation was brought under control by hitting another level of about 33% this year and 16% for this month. This came during a media symposium held in London recently on the sidelines of his official visit to Britain. The d. Barham Saleh, President of the Economic file that the Iraqi government decided to allocate about two billion and a half-billion, for the development of provincial distributed between regions by the share of the population. He added: development, which occurred in the performance of administrative departments make the government lifted the budget allocated to the provinces to double. He also. Saleh said that the economic situation continued to improve and international estimates expect high rates of growth Iraqi 6% and inflation was brought under control by hitting this year about 33% and this month reached 16%. D admitted. Saleh said that the political reality of Iraq concern and there are many problems that prevent agreement to resolve crucial issues, and added that the petroleum law was suspended because of the political debate, which happened around paragraphs.

It does seem to be in line with Mr Issa'a eveluation of the dinar by years end as he predicted in March 2007

http://www.investorsiraq.com/showthr...873#post429873

[ourso]

I really dont think currency valuations have anything to do with economic growth.....

[ISX_TIME]

I really dont think currency valuations have anything to do with economic growth.....

Yes, I agree, I was quoting CocoNuts indication to the exchange rate increase of 16%

[jbruno]

Central Bank of Iraq appreciates Iraqi dinar to 'rein in inflation'


Article link: http://www.iraqdirectory.com/DisplayNews.aspx?id=4770

[coconut]

Is growth not governed highly by inflationary rates? Currency value therefore has a lot to do with economic growth - The CBI is adjusting it (the rate) to curb inflation - if the economy is to grow by 16% then the rate should improve as well - at least until the Dinar rides on its own.

I say buy more cash if you can - most banks carry it now.

This is a logical cycle - for now.

I really dont think currency valuations have anything to do with economic growth.....

[wingnut12]

It does seem to be in line with Mr Issa'a eveluation of the dinar by years end as he predicted in March 2007

http://www.investorsiraq.com/showthr...873#post429873

Have any of you who have spoken to "MR I" ever asked him if this NID is just a temporary currency and they will reprint new, permanent notes later or will they keep this same currency indefinitely?

[coconut]

If you can think it he's been asked - he knows no more than we do and if he does he's not telling.

C.

Have any of you who have spoken to "MR I" ever asked him if this NID is just a temporary currency and they will reprint new, permanent notes later or will they keep this same currency indefinitely?

[MrAustin]

Have any of you who have spoken to "MR I" ever asked him if this NID is just a temporary currency and they will reprint new, permanent notes later or will they keep this same currency indefinitely?

A few of us have asked, as the others have stated he knows nothing more than any of us do. Hell I have family in Iraq that works for the government and they have no clue lol

[BigPapaPump]

A few of us have asked, as the others have stated he knows nothing more than any of us do. Hell I have family in Iraq that works for the government and they have no clue lol

Mr. Austin, surely one of those family members might know when something is bound to happen.

[jram_00]

Maybe Im wrong, but I believe the article stated that growth is 6% and that inflation was dropping to 16%.

6% growth is more on Par to IMF's projections of Iraq's economic outlook, wherein they estimate Iraq's growth to be 7%.

"Iraq’s medium term economic outlook would be highly dependent on the security situation as well as the implementation of oil projects. Iraq’s oil output is expected to recover to pre-war levels by 2010, and the non-oil sector is projected to expand rapidly as aid and reconstruction spending flows into the economy. Thus IMF estimates Iraqi GDP to continue growing for the near future at a rate of 7% towards 2010. The recovery in economic growth is predicted based on increased oil production to reach 3.5mn b/d by 2010 without undue interruption. In addition oil prices would remain at favorable levels. Such progress also assumes that Iraq’s reconstruction is being undertaken smoothly and security is progressively restored. Similarly, non-oil GDP growth will remain strong supported by high investment levels to implement Iraq reconstruction projects."

http://www.menareport.com/en/business/214525

[MrAustin]

Mr. Austin, surely one of those family members might know when something is bound to happen.

O they sure know something is gonna happen, it just all depends who you talk too! lol my uncle thinks he'll be rich my Aunt thinks Iraq is headed to, well you know. All I know is that it is getting easier in Iraq where they live, so thats good.. Before it was very very dangerous where they live.

[coconut]

confusing articles - another had inflation at 11% most recently.

????????????????????????????????????????????????

Regardless, growth is good - no recessions please.

Maybe Im wrong, but I believe the article stated that growth is 6% and that inflation was dropping to 16%.

6% growth is more on Par to IMF's projections of Iraq's economic outlook, wherein they estimate Iraq's growth to be 7%.

"Iraq’s medium term economic outlook would be highly dependent on the security situation as well as the implementation of oil projects. Iraq’s oil output is expected to recover to pre-war levels by 2010, and the non-oil sector is projected to expand rapidly as aid and reconstruction spending flows into the economy. Thus IMF estimates Iraqi GDP to continue growing for the near future at a rate of 7% towards 2010. The recovery in economic growth is predicted based on increased oil production to reach 3.5mn b/d by 2010 without undue interruption. In addition oil prices would remain at favorable levels. Such progress also assumes that Iraq’s reconstruction is being undertaken smoothly and security is progressively restored. Similarly, non-oil GDP growth will remain strong supported by high investment levels to implement Iraq reconstruction projects."

http://www.menareport.com/en/business/214525

[lowkey]

I think the fluctuation has been a good thing to help stabilize the currency, I have myself gained almost 50% since I bought in 2004.


"slow and steady = winner"

[jram_00]

confusing articles - another had inflation at 11% most recently.

????????????????????????????????????????????????

Regardless, growth is good - no recessions please.

I agree completely, Coconut. Any growth is good (except for tumors, of course).