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Iraq’s Trade with the World:  Data and Analysis check this out

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wciappetta
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Iraq’s Trade with the World:  Data and Analysis check this out

Post by wciappetta on Wed 19 Oct 2016, 1:35 pm

Interesting, old document I found Grabbed part of it. This document was prepared at that time exclusively for Congress and if you ever doubted the idea of revaluation, just gander at this below. They had expectations, of course there came the insurgency battle for turf and the surge etc. but increase in exchange rate wasn't just imagined it was anticipated and happening...I say still happening.... 


Iraq’s Trade with the World:  Data and Analysis

Updated March 25, 2005
Vivian C. Jones

Analyst in International Trade and Finance


Foreign Affairs, Defense, and Trade Division


http://congressionalresearch.com/RL32025/document.php



Despite security threats and continued economic hardship, many Iraqis remain optimistic about their future according to public opinion surveys.  A poll taken from September 24 - October 4, 2005 showed that 65% expect their lives to get better in the near future.82  The following anecdotal information is also an indicator that public perception of the economy is optimistic:


! Consumer spending on imported goods is boosting economic activity as these goods have become more available and more affordable since the end of economic sanctions.  There has also reportedly been a boom in real estate. 83

 
The exchange rate of the Iraqi dinar has strengthened in recent weeks following the completion of the election process.  Official data indicates that the average rate of exchange of the New Iraqi Dinar (NID) was NID 453 to $1.00 U.S. in 2004.  According to  EIU forecasts,  the dinar is expected to strengthen to an average of NID 430 to the dollar in 2005, and will appreciate further in 2006 to about NID 200 to the dollar in 2006. 84
....by the way the EIU is the Economist Intelligence Unit they make country economic forecasts and their expertise was relied upon here. The official  advertised exchange rate was 1455-1485 back then but low and behold it appears there was parallel rate being run at the same time. I wonder what those numbers look like today? I thought this was quite revealing ....


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Lobo
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Re: Iraq’s Trade with the World:  Data and Analysis check this out

Post by Lobo on Wed 19 Oct 2016, 1:57 pm

Thanks, Ward - everyone keep the prayers going.

duck2000
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Re: Iraq’s Trade with the World:  Data and Analysis check this out

Post by duck2000 on Wed 19 Oct 2016, 2:42 pm

hence the movement from 1.63 to 2.86$ from 2010 /2012 to penny above or below kuwait!

mochasmom
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Re: Iraq’s Trade with the World:  Data and Analysis check this out

Post by mochasmom on Wed 19 Oct 2016, 3:57 pm

Wow

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Re: Iraq’s Trade with the World:  Data and Analysis check this out

Post by Neno on Wed 19 Oct 2016, 4:09 pm

@duck2000 wrote:hence the movement from 1.63 to 2.86$ from 2010 /2012 to penny above or below kuwait!
On the other books?

duck2000
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Re: Iraq’s Trade with the World:  Data and Analysis check this out

Post by duck2000 on Wed 19 Oct 2016, 5:31 pm

@Neno wrote:
@duck2000 wrote:hence the movement from 1.63 to 2.86$ from 2010 /2012 to penny above or below kuwait!
On the other books?
amazing what one can   study

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Re: Iraq’s Trade with the World:  Data and Analysis check this out

Post by Neno on Wed 19 Oct 2016, 5:42 pm

Lol I hear you, just hope da cent up or down is on the only book at the right time.

duck2000
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Re: Iraq’s Trade with the World:  Data and Analysis check this out

Post by duck2000 on Wed 19 Oct 2016, 6:02 pm

ok to bet against me would be  crazy ............. 8
@Neno wrote:Lol I hear you, just hope da cent up or down is on the only book at the right time.

weslin3
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Re: Iraq’s Trade with the World:  Data and Analysis check this out

Post by weslin3 on Wed 19 Oct 2016, 6:17 pm

8

azareus
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Re: Iraq’s Trade with the World:  Data and Analysis check this out

Post by azareus on Thu 20 Oct 2016, 12:57 am

Worth the wait then. In april next year we should know for sure

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