Saturday, July 16, 2016


7-16-2016   Newshound Guru wmawhite    bottom line is; look around the region and ask ..."when Iraq is compared to the other countries and their GDP is the true value of Iraq reflected in their currency at $0.00086?" Simply; No. And this is why Iraq does not use it and that there are obstacles preventing it from being used as Citibank stated. IMO, when those obstacles are removed and the movement of the IQD is freed, IMO the CBI will move the value of the IQD to reflect its true value.

7-16-2016   Newshound Guru mike
   Article:  "Moody's credit rating: Iraq's agreement with the International Monetary Fund will reduce its budget problems"   I think Iraq has a ways to go to improve their credit rating with Moody's.  What is a 'Sovereign Credit Rating':   "A sovereign credit rating is the credit rating of a country or sovereign entity. Sovereign credit ratings give investors insight into the level of risk associated with investing in a particular country and also include political risks. At the request of the country, a credit rating agency will evaluate the country's economic and political environment to determine a representative credit ratingObtaining a good sovereign credit rating is usually essential for developing countries in order to access funding in international bond markets."  While I do believe things are and will get better in Iraq, they have to get Parliament to a functional state passing the needed legislation for economic advancement and political cohesion. Making payments to the Paris Club and the Kuwaiti's would also be a good thing.

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