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danielchu

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  1. The Gross Domestic Product per capita in Iraq was last recorded at 15663.99 US dollars in 2017, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Iraq, when adjusted by Purchasing Power Parity is equivalent to 88 percent of the world's average. GDP per capita PPP in Iraq averaged 11018.16 USD from 1990 until 2017, reaching an all time high of 16242.10 USD in 2016 and a record low of 4033 USD in 1991.
  2. Your PPP is lower to ours because of this>>> BREAKING DOWN Reserve Currency Holding a reserve currency minimizes exchange rate risk, as the purchasing nation will not have to exchange its currency for the current reserve currency in order to make the purchase. Since 1944, the U.S. dollar has been the primary reserve currency used by other countries. As a result, foreign nations closely monitored the monetary policy of the United States in order to ensure that the value of their reserves is not adversely affected by inflation. https://www.investopedia.com/terms/r/reservecurrency.asp
  3. PPP: The Alternative to Market Exchange Rates. Using PPPs is the alternative to using market exchange rates. The actual purchasing power of any currency is the quantity of that currency needed to buy a specified unit of a good or a basket of common goods and services https://www.investopedia.com/updates/purchasing-power-parity-ppp/ Macroeconomic analysis relies on several different metrics to compare economic productivity and standards of living between countries and across time. One popular metric is purchasing power parity (PPP). Purchasing power parity (PPP) is an economic theory that compares different countries' currencies through a "basket of goods" approach. According to this concept, two currencies are in equilibrium or at par when a basket of goods (taking into account the exchange rate) is priced the same in both countries. Closely related to PPP is the law of one price (LOP), which is an economic theory that predicts that after accounting for differences in interest rates and exchange rates, the cost of something in country X should be the same as that in country Y in real terms.
  4. They have a real currency ..an RV will not change there life one bit unless they leave the country with it! What they need is jobs! Among the ministry's priorities is to empower the [low] and middle-class [citizens], provide them with basic services, improve their standard of living, and ensure the sustainability of their income," Dulaimi said, pointing to the importance of providing low-cost housing units, the statement read.
  5. Never should the word WISE be used with Iraq and Russia.
  6. The letter of acceptance included the invitation to Iraq to participate in the work The annual meeting of heads of securities bodies to be held next May in Australia.
  7. Hard to lop the dollar... , its readiness to replace old and damaged editions of the dollar of all categories
  8. The decision came despite calls from US President Donald Trump to the oil-exporting countries to refrain from cutting production, saying that this will cause the increase in global crude prices.
  9. Here’s Why OPEC Can’t Control Oil Prices Anymore By Josh Barro Don’t expect too much. Photo: Joe Klamar/AFP/Getty Images Oil prices in free fall — a barrel of West Texas Intermediate crude now sells for $52, down a third since October — has been good news for American consumers, but it’s bad news for countries with oil-dependent economies. That is why leaders from Organization of Petroleum Exporting Countries (OPEC) have been meeting in Vienna and trying to agree on a production cutback to push up prices. But they haven’t been able to reach an agreement. These days, OPEC tries to coordinate with Russia, which isn’t an OPEC member, because the group doesn’t believe it can affect global oil prices enough through the actions of its own members. And the Persian Gulf countries that dominate OPEC want a larger cutback than Russia is willing to agree to. As Bloomberg describes, this split is partly driven by conflicting interests: The Gulf producers are mostly concerned about how low oil prices affect their government budgets, but Russia doesn’t want prices to rise too much. Bloomberg cites a Kremlin official who worried higher gasoline prices could upset consumers and reduce political support for Vladimir Putin’s economic policy. But a broader reason OPEC control of oil prices isn’t working anymore is that the world oil market has changed in ways that make a cartel strategy less effective. The usual idea behind a cartel is: You agree to limit production, and that means you sell less oil, but you make more profit per barrel because prices have to rise to bring demand in line with the reduced supply. Historically, constraining supply has been an effective way to change the oil price, because non-OPEC countries had limited flexibility to increase their production when OPEC production declined, and because consumer behavior is inelastic, especially in the short term. High oil prices might eventually cause you to buy a smaller car or live closer to work, but probably not right away. The rise of fracked shale oil has changed the non-OPEC production side of that analysis. There have been a lot of headlines recently about how, because of the shale boom, the U.S. is now producing so much oil we are a net oil exporter. But as importantly for OPEC’s loss of control, the shale boom makes the U.S. a more elastic oil producer. What I mean by that is, some of the oil in the ground under the U.S. is easy (cheap) to extract, and some of it is hard (expensive) to extract. We produce the easy oil in any market condition. But if OPEC moves to cut back supply and drive up prices, U.S. producers will become more inclined to find and extract the expensive oil. In the medium term, that will tend to push U.S. production volumes up and oil prices partially back down. Among other things, that means a production cut just doesn’t produce as much benefit to OPEC producers as it used to. After a while, they’ll be faced with prices not that much higher than today, and a smaller share of the global market. With less total benefit to go around from a production cut, cartel members are more likely to get bogged down in fights over who exactly should do the cutting — it’s harder to put together a positive-sum deal for every member of the cartel. And of course, political divisions among OPEC members also don’t help, and neither does Saudi Arabia’s need to stay in the Trump administration’s good graces. But consumers shouldn’t get too excited about a weak OPEC. It’s likely the fall in oil prices over recent months — the one that raised OPEC’s urgency to find a supply-reduction deal — is driven by some of the same factors that are driving stock prices and bond yields down: a worsened outlook for global economic growth, and therefore lower expected demand for fuel. http://nymag.com/article/2018/12/heres-why-opec-cant-control-oil-prices-anymore.html
  10. Well with 80$ a BBL we can go from number 3 in the world oil production to number one next year!! The World's Top Oil Producers of 2017 United States. The United States is the top oil-producing country in the world, with an average of 14.86 million b/d, which accounts for 15.3% of the world's production. ... Opps sorry all ready number one ... guess that will make OPEC obsolete.
  11. page 51 should give a better idea! T3R https://www.armyupress.army.mil/Portals/7/combat-studies-institute/csi-books/mcgrath_op23.pdf
  12. U.S. forces find suspected gold cache in Iraq Wednesday, May 28, 2003 Posted: 12:54 AM EDT (0454 GMT) Story Tools SPECIAL REPORT • Interactive: Who's who in Iraq • Interactive: Sectarian divide • Timeline: Bloodiest days for civilians • Coalition Casualties • Special Report WASHINGTON (CNN) -- For the second time in a week, U.S. troops have discovered what appears to be a cache of gold bars hidden in a truck, which could be worth just less than a quarter of a billion dollars, according to a Pentagon official. Soldiers from the 173rd Airborne Brigade discovered 999 gold bars hidden in a truck during a routine traffic inspection near the northern Iraqi city of Kirkuk within the last two days, Pentagon officials said. If it is in fact gold, its estimated value is thought to be close to $250 million. RELATED Central Command: Suspected gold shipment recovered On Friday, U.S. troops inspecting vehicles near the border with Syria found a truck with more than 1,100 gold bars estimated to be worth just more than a quarter of a billion dollars. The driver and passenger said they had been paid $350 to pick up the truck in Baghdad and drive it to the Iraqi town of Qaim near the Syrian border, along a well-known smuggling route. The bars and the men are in the custody of the Third Armored Cavalry Regiment. Pentagon officials said the gold will be kept safe by U.S. forces until an Iraqi government is set up and decides how to use it. http://www.cnn.com/2003/US/South/05/27/sprj.irq.iraq.gold/
  13. " "Such epidemics afflict Iraq with its declaration of self-sufficiency in agricultural crops, Animal as it did with fish when thousands of tons of them died in the province of Babylon after announcing it. " Excuse me but I am going to die now !!! Your water sux!!!
  14. No I am afraid no float ...according to the CBI the currency wont float but will wash away!
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