You deleted part of her post... you cut out this part at the bottom.
Fact, a instant RV of 1-1 with the US dollar is impossible with the current Iraq GDP Unless they can instantly decrease the amount of dinar in circulation by ~ 90%. The present Iraq GDP would not support a 1-1 RV and neither would it be sanctioned by other countries and the IMF. Currency has to have support and that amount of currency could not be supported by Iraq.
Her numbers are a bit off. But some good points. Things are looking better.
GDP (purchasing power parity): $102.3 billion (2007 est. ) GDP (official exchange rate): $55.44 billion (2007 est.)
GDP - real growth rate: 5% (2007 est.) GDP - per capita (PPP): $3,600 (2007 est.) GDP - composition by sector: agriculture: 5% industry: 68% services: 27% (2006 est.)
look at this Oil - production: 2.11 million bbl/day (2007 est.) Oil - consumption: 295,000 bbl/day (2007 est.) Oil - exports: 1.67 million bbl/day (2007 est.) that comes to $217,100,000 per day
Iraq's economy is dominated by the oil sector, which has traditionally provided about 95% of foreign exchange earnings. Although looting, insurgent attacks, and sabotage have undermined economy rebuilding efforts, economic activity is beginning to pick up in areas recently secured by the US military surge. Oil exports are around levels seen before Operation Iraqi Freedom, and total government revenues have benefited from high oil prices. Despite political uncertainty, Iraq is making some progress in building the institutions needed to implement economic policy and has negotiated a debt reduction agreement with the Paris Club and a new Stand-By Arrangement with the IMF. Iraq has received pledges for $13.5 billion in foreign aid for 2004-07 from outside of the US, more than $33 billion in total pledges. The International Compact with Iraq was established in May 2007 to integrate Iraq into the regional and global economy, and the Iraqi government is seeking to pass laws to strengthen its economy. This legislation includes a hydrocarbon law to establish a modern legal framework to allow Iraq to develop its resources and a revenue sharing law to equitably divide oil revenues within the nation, although both are still bogged down in discussions. The Central Bank has been successful in controlling inflation through appreciation of the dinar against the US dollar. Reducing corruption and implementing structural reforms, such as bank restructuring and developing the private sector, will be key to Iraq's economic success.
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