Latest IMF on GDP and Iraq Economy with details on Other Middle Eastern Countries (How Iraq stacks up)

[dacraigo]

Just took a look at the International Monetary Funds website, looking for information on the economic growth of Iraq, and to get a comparison between other ME countries. Here is what I found it looks to me that Iraq is doing pretty darn good, compared to the others with a much higher exchange rate than the Dinar. On a side note the exchange rate at my bank for Dinar as of today is 0.0001153:1USD if i'm not mistaken isn't that up from just 2 days ago?

http://www.imf.org/external/pubs/ft/weo/2010/01/weodata/weorept.aspx?sy=2008&ey=2015&ssm=1&scsm=1&scc=1&ssd=1&sic=1&ssc=1&sort=country&ds=.&br=1&pr1.x=52&pr1.y=11&c=612%2C682%2C419%2C686%2C611%2C449%2C469%2C453%2C429%2C456%2C433%2C732%2C439%2C463%2C443%2C744%2C446%2C466%2C672%2C474&s=NGDP_R%2CPPPPC%2CBCA%2CBCA_NGDPD&grp=0&a=

hopefully this is in the right section, if not my apologies

[Rickybobby]

Just took a look at the International Monetary Funds website, looking for information on the economic growth of Iraq, and to get a comparison between other ME countries. Here is what I found it looks to me that Iraq is doing pretty darn good, compared to the others with a much higher exchange rate than the Dinar. On a side note the exchange rate at my bank for Dinar as of today is 0.0001153:1USD if i'm not mistaken isn't that up from just 2 days ago?

http://www.imf.org/external/pubs/ft/weo/2010/01/weodata/weorept.aspx?sy=2008&ey=2015&ssm=1&scsm=1&scc=1&ssd=1&sic=1&ssc=1&sort=country&ds=.&br=1&pr1.x=52&pr1.y=11&c=612%2C682%2C419%2C686%2C611%2C449%2C469%2C453%2C429%2C456%2C433%2C732%2C439%2C463%2C443%2C744%2C446%2C466%2C672%2C474&s=NGDP_R%2CPPPPC%2CBCA%2CBCA_NGDPD&grp=0&a=

hopefully this is in the right section, if not my apologies

i'm pretty sure the exchange rate is .00085 or $1.00 usd = 1,170 IQD (or there about)

[dacraigo]

Well thats what I thought, but thats what the lady at the bank quoted me at about ten minutes ago, so I don't know and I don't want to call her again to verify she said it would be 95000.00IQD per 100.00USD what ever that converts to.

I don't know its early and my kids are driving me crazy maybe I totally misheard her on the aforementioned 0.0001153:1USD but I know I am right on the 95k per 100, lol my thinker hasn't hit overdrive yet.

Edited August 2, 2011 by dacraigo

[Doctor Smith]

Well thats what I thought, but thats what the lady at the bank quoted me at about ten minutes ago, so I don't know and I don't want to call her again to verify she said it would be 95000.00IQD per 100.00USD what ever that converts to.

I don't know its early and my kids are driving me crazy maybe I totally misheard her on the aforementioned 0.0001153:1USD but I know I am right on the 95k per 100, lol my thinker hasn't hit overdrive yet.

That's probably what they sell at.

[behaviorkat]

Just took a look at the International Monetary Funds website, looking for information on the economic growth of Iraq, and to get a comparison between other ME countries. Here is what I found it looks to me that Iraq is doing pretty darn good, compared to the others with a much higher exchange rate than the Dinar. On a side note the exchange rate at my bank for Dinar as of today is 0.0001153:1USD if i'm not mistaken isn't that up from just 2 days ago?

http://www.imf.org/external/pubs/ft/weo/2010/01/weodata/weorept.aspx?sy=2008&ey=2015&ssm=1&scsm=1&scc=1&ssd=1&sic=1&ssc=1&sort=country&ds=.&br=1&pr1.x=52&pr1.y=11&c=612%2C682%2C419%2C686%2C611%2C449%2C469%2C453%2C429%2C456%2C433%2C732%2C439%2C463%2C443%2C744%2C446%2C466%2C672%2C474&s=NGDP_R%2CPPPPC%2CBCA%2CBCA_NGDPD&grp=0&a=

hopefully this is in the right section, if not my apologies

thanks for the stats/numbers!

[Dalite]

Just took a look at the International Monetary Funds website, looking for information on the economic growth of Iraq, and to get a comparison between other ME countries. Here is what I found it looks to me that Iraq is doing pretty darn good, compared to the others with a much higher exchange rate than the Dinar. On a side note the exchange rate at my bank for Dinar as of today is 0.0001153:1USD if i'm not mistaken isn't that up from just 2 days ago?

http://www.imf.org/external/pubs/ft/weo/2010/01/weodata/weorept.aspx?sy=2008&ey=2015&ssm=1&scsm=1&scc=1&ssd=1&sic=1&ssc=1&sort=country&ds=.&br=1&pr1.x=52&pr1.y=11&c=612%2C682%2C419%2C686%2C611%2C449%2C469%2C453%2C429%2C456%2C433%2C732%2C439%2C463%2C443%2C744%2C446%2C466%2C672%2C474&s=NGDP_R%2CPPPPC%2CBCA%2CBCA_NGDPD&grp=0&a=

hopefully this is in the right section, if not my apologies

1153:1 is not uncommon during the day; especially in the morning.

The 1170 rate fluctuates to indicate weakness of the dollar, and amount bought or sold at CBI auction.

It returns to 1170 after trading hours, as it is currently controlled at that rate by the CBI.

The program rate of 1170 will be maintained until the CBI sets a new official program rate, or the currency becomes tradable and

Becomes exposed to market forces.

Shabibi has indicated he plans to control or manage the rate after it does become tradable.

Thanks for the link. Hopefully there will be info to give further clarity..