Frank26: As for the IQD studies at KTFA coming to an end ....... Yes.
Do not know the date but my Spirit says once the CBI is Satisfied with the GOI ............ We will see an IR. (International Rate)
Because in further examination ........... I strongly believe the IMF is Satisfied with the CBI.
The way my Spirit sees it is that we have something in common with the CBI and IMF ........... We are both watching and waiting.
TY Kindly for the effort You put in sharing Your good thoughts with us.
On CC last night .......... I had You on my mind.
Was going to reference Your post and talk about when the MoP/MoF asked the GOI a few years ago what rate they wanted for the budget.
They said ......... 1.16/1.17. Then they were told to make it 3.2108 and add 20% to it before activating it for the budget. BUT .......... I ran out of time.
BTW ........ "Lifting the 000 from the Exchange Rate" ........... You seem to understand. You also see the stupendous need for ........ STABILITY and SECURITY in the GOI.
Take NOTE how we have gone from the need of COOPERATION and COORDINATION of the GOI to these FINAL STEPS.
I Love Teamwork and ask You to continue on your Path of Thing with Your postings.
Aloha to You and Yours ........ I am Proud of You and Your Postings at KTFA .........
Walkongstick: FRANK.. YOU HAVE A PM
Frank26: Oh my ........... That's good…..Sir ......... Feel free to post it for Family.
walkingstick » June 18th, 2014, 11:58 am
Investing in Iraq Worth the Risk? JUNE 18, 2013 -
Amidst continuing violence and a continuing trend of political infighting, an interesting investment opportunity has been brought to light by the researchers at TGSF and Euphrates Advisers. IraqBy breaking down the economic trends of the country after the intervention of US forces, and comparing its economic growth afterwards against that of Russia (the only other nation in the world that can be considered to have undergone a similar break-down and recovery through natural resources), they have established a particularly compelling perspective on the country.
Based on their findings, they believe that Iraq will present a very strong investment opportunity over the next decade for an investor that has access to the level of sophistication and patience required of such a venture. By looking at how it is that this opportunity is expected to unfold, we can break it down to a lower level of complexity, and determine how it is that there might then be an opportunity for personal investors to partake in the opportunity without being directly exposed to the kinds of deals that might go over our heads.
In order to provide some context to the argued value of an investment in Iraq as a growth story, we first must look at how it is that the country was in economic shambles previous to 2007. With a GDB of nearly half that which it is today, the country was experiencing inflation beyond 30%/year, and had real wages that were so low that people could not afford the costs of transportation associated with getting themselves to a job in the first place.
It wasn’t until the 2007 intervention that the economy was effectively shocked into legitimacy, as the central bank allowed the currency to appreciate in accordance to demand (as businesses bought up the currency to establish oil operations), and to establish a basis for importation that allowed consumers to maintain control of their purchasing power. From there, the greater amount of the violence subsided, despite the remaining presence of side-conflicts and in-fighting. While this doesn’t necessarily paint the nicest of pictures, it does set the stage for a developing growth story, as the government establishes its financial basis, and builds up an economic system.
Economically speaking, Iraq currently stands to develop a massive oil reserve. With production already growing by approximately 20% per year, it continues to represent what is thought to be some of the greatest capacity for oil production in the entire middle-east. This means that the value of the country’s currency is likely to appreciate out of demand for the commodities that need to be developed within, and that the value of existing properties will likely improve over time as the scale of pipeline and transportation capacity grows to accommodate greater volumes of production.
From there, the ability of the nation to invest into its own growth is expected to explode, as the nation currently doesn’t operate with a great deal of leverage. Between the ability of governments and businesses to borrow and invest in lucrative oil projects and the unbanked populations’ ability to gain improved access to debt and financial products through an increasing bank presence.
So how does a personal investor take advantage of this sort of trend? The trick is to look at the trend of Iraqi growth, and to determine how exposure to it can be taken on safely. This is best accomplished by finding companies that are developing their operations within the region, but on a minority basis. BP, the oil giant, is a good example of this sort of company, as it has operations in Iraq, but would not be dramatically hurt by a dramatic political event in Iraq. Similarly, large consumer banks with strong international operations (such as HSBC) might present an opportunity to take advantage of the credit-related opportunities. Lastly, taking advantage of emerging market ETF provide investors with a way to take on risks tied to the country on a more direct basis.
Investing in Iraq: worth the risk?
Jun. 16, 2014 - 4:34 - Northern Gulf Partners’ Bartle Bull on investing in Iraq.
jdtolle » June 18th, 2014, Get up and get to work
If you’re disillusioned with life, get up and get to work. Do something useful, get yourself busy making a difference, and you’ll soon feel your faith in life being renewed.
If you’re frustrated or angry about something, get to work. Before long, you’ll find your focus shifting from the problems and frustrations to the possibilities and opportunities.
If you’re tired and weary, stop and rest for a little while, but not too long. Then get back up, get yourself working on something meaningful, and you’ll feel a renewed sense of energy.
It’s natural to feel lousy when you’re not making a contribution to life, but the answer is not to curse the lousy feeling. The answer is to get yourself doing something that will truly matter.
No matter how young or old or strong or infirm you may be, there’s good and useful work you can do in your own special way. Assume that there’s something valuable you can do, and from that perspective you’ll discover new and energizing ways to lift up life.