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.
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