The markets are falling the world over except for one place: Iraq.
"Apparently immune to all the turbulence was Iraq . The government has little if any investments in the institutions affected by the crisis and a barely functioning stock market. Most Iraqis keep their money in their homes rather than trust banks.
"We don't believe it will affect our bank balance," said Minister of Industry Fawzi Hariri . "In the short term we'll be one of the least affected nations."
The Iraqi government has more than $25 billion in cash reserves. Even with oil prices dropping below $90 a barrel, the Iraqis forecast oil revenues to be in the neighborhood of $80 billion . "
So I guess...we don't need to prop their infrastucture up anymore. They're doing good.
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