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Post by Ssmith Mon May 16, 2016 11:10 am

 How interesting that we see Allak talking bonds in Beirut with the head of the Parliamentary committee on Economy and Investments as well as the head of the Iraqi National Business Council.  Allak lays out a plan to pay Iraqi contractors with these bonds...thru what he calls "government debt bonds"...Why would a contractor be willing to take a bond based on worthless program rates of a country...perhaps because of good things being promised in the near term that will positively impact the value of said bonds...



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Post by Kevind53 Mon May 16, 2016 5:37 pm

Another one who should try and stay away from thinking. What difference does it make what the currency value is? If it is 1000:1 and the contract is for 10000 IQD, then it is worth 10 dollars. If the rate is 1:1, that same contract is still worth 10 dollars, and so would now be worth 10 IQD. The bigger question would be why would anyone want bonds from a country with an abysmal credit rating and huge internal financial and security problems?

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