Frank26 is excited about all the new things happening!

Ponee wrote:

Abadi and the two Holy Men are working almost “militarily” to bring Iraq into an INTERNATIONAL recognized community. As soon as sanctions were lifted on IRAN...what did they do?


They said they were going to lift the value of their currency. 

The sale price of the dollar "has been adjusted to 1,182 dinars," the central bank said in a statement on Monday.  The previous price was 1,166 dinars for a dollar, Mudher Saleh, a top economic adviser to Prime Minister Haider al-Abadi and former deputy central bank governor, told Reuters.
"This is a small adjustment, it's not a devaluation. It will increase government revenue to meet local needs," said Saleh.

A global oversupply of crude oil has pushed prices to below $40 a barrel from more than $100 a barrel in June 2014. The government depends on oil sales for 95 percent of its revenue.
"It may be the first of many steps to reduce the budget deficit and increase the local income," said Abdul Rahman Najm, an economics professor at several universities in Baghdad. "As no improvement in oil prices is expected, there will be more steps to reduce the value of the dinar versus the dollar."

http://www.reuters.com/article/us-iraq-economy-frx-idUSKBN0U40O020151221