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Adam Montana: "the IQD Train keeps on chugging".

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Post by Ponee Fri Apr 24, 2020 9:09 pm

Adam Montana  


 Article:   "A source for «Economy News»: Iraq adopts the price of $30 a barrel of oil in the budget for the year 2020"   To me, that actually seems realistic.  Achievable.  And it's a number they can work with!  An interesting point regarding the oil and the value of IQD is this: the price per barrel is not nearly as important, for the value of their currency, as the amount they have in the ground. Also, it's not just "oil" that counts here - natural gas is important as well.  Iraq has plenty, and until the world stops using OIL, Iraq will have a rightful place at the table. 


 Article:  "The Iraqi Stock Exchange announces the resumption of trading next Sunday   22nd April, 2020"   ... the Iraqi Stock Exchange had a short pause, but they are obviously back at it. Neither Ramadan nor 'Rona is stopping this train!  ...This is nothing short of incredible, that the price of OIL can drop to negative and the world basically shuts down, yet the IQD Train keeps on chugging...  



04.24.2020
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Post by RamblerNash Fri Apr 24, 2020 10:23 pm

If Iraq has all that oil in the ground, why can't they raise the IQD rate? LMAO!!!

That also goes the same for all the other oil producing countries. See any of their rates change?
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