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Saturday Lunchtime Opinions @ 1:35 PM CDT - 5/21/2022


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Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... :twothumbs:RON 

*** Pimpy  Article: "IMF Staff Concludes Staff Visit to Iraq For people who are invested into the dinar this is the type of thing that we want to see... Quote: "real non-oil GDP rebounded by an estimated 20% and is poised to expand by around 5% this year..."  That's exactly what we want to see - expand the non-oil GDP.  Remember the budget relies way too much on oil revenue..[Post 1 of 2]


*** Pimpy  Quote: "oil output is projected to reach pre-pandemic levels and bring overall real GDP growth to 10%..." That number keeps going up and up!  It was 6.8, then it was like 8 point something and now they're saying 10%...if they manage to get any real GDP growth this year without a government or...budget it's going to be pretty amazing... Quote: "current account balances are projected to post double-digit surpluses in % of GDP. That is awesome.  Surplus means they are definitely under budget..[Post 2 of 2]


*** Mark  More news from inside Iraq… They are...discussing oil revenues and the abundance coming from it. They also discussed the IMF audits and the need to go ahead (in the very near future) and increase the value of the Iraqi Dinar. I thought this was great news.




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