The new Silk road

[BETTYBOOP]

11-23-2023   Newshound Guru Militia Man  Article quote:  "Many countries in the region and the world have expressed a great desire to participate in this project [Iraq's Development Road Project] especially since it will be the most appropriate, shortest, least expensive way to transport goods between the continents of Asia and Europe"  It's going to be a major hub of the globe and you're thinking that Iraq can't ever revalue their currency?  I think that is just flat-out silly.  To think that it's not going to ever happen...the news speaks 

[BETTYBOOP]

I have to agree with MM on this. If these countries are so keen the dinar or in fact the other currencies of the countries that the road will go through are going to grow. THE TRADEvia thos road will make the whole of the middle east rich beyond imagination

[BETTYBOOP]

This will bring massive opportunities for trade , employment and new businesses in the region

[Luigi1]

Agree with all above comments.

[BETTYBOOP]

From Pimpy just now.... he does make a valid point. If they were to devalue they have an awful lot that would not benefit them or the country.

11-23-2023   Newshound Guru Pimpy   Every decision they make when it comes to Iraqi dinar absolutely positively affects the economy.  Before they can make a decision to either devalue the currency or increase the value of the currency they have to sit back and figure out how it affects the economy...Iraq is mostly an import country.  They rely way too much on other countries providing goods for them.  An increase in Iraqi dinar would make those goods cheaper... They're still trying to rebuild so an increase in the value of the exchange rate would help them go a long way.  It would give them more purchasing power and imports would be a lot cheaper. 

[haymon]

Ticket please!