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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
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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
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
[You must be registered and logged in to see this link.]
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
....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 ....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
to bet against me would be 
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