Things are looking up in Iraq. Following the surge of troops, security has improved and oil production hit its highest level since the invasion in the second quarter; oil exports should rise to $86bn this year more than double the average of 2005-2007 creating a $52.3bn budget surplus, according to the American government.
The improving backdrop is reflected in the Iraqi dinar's 12% rise against the dollar since early 2007 and the 45% increase in the price of the Iraqi sovereign bond since August 2007.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
The five insurance policies you should haveSome insurance cover will be more important than others. We look at five insurance policies you may need to have to make sure you aren’t caught out in an emergency
-
Is Donald Trump putting the US dollar in danger?Donald Trump's administration sees one of its greatest advantages – the US dollar – as a burden. Gold is the obvious beneficiary, says Cris Sholto Heaton.
