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International IQD !!!


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The only reason for the GOI to allow the dinar to trade across borders is if Iraq produces something of value that other countries will buy.. Oil is traded in dollars and will continue in the foreseeable future.  What could Iraqi's make that you would buy.  The port of Faw  would be important to ship any goods or material but it is years behind schedule.

Iraqi's need something to cause them to get off their buts and not expect the government to provide for their existence.  BUT they keep expecting investors to come in and do that AND on Iraq terms.  Iraq is on record of being one of the hardest countries to do business .The international oil companies would not be operating there today if the CPA didn't force them in. One or two have abandoned their contracts due to dragged out payment for services.

Another problem is that their education system is not structured for private sector operations. They need engineers, chemists , and technicians not  bureaucrats. It might take another decade to make that change.

This all boils down to the fact that there is no reason to invest in Iraq OR its currency. Now or in the next 10 years or more.

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