The Other Iraq Surge

It's no front-page news that Iraq is a dangerous place. But a capital magnet? The presses have stopped for less. According to the not-quite-closed record book for 2007, Iraqi sovereign bonds, the Iraqi currency, and the Iraqi stock market have each logged astounding, not to mention politically provocative, gains.

Another good indicator I was reading about the other day was that more and more Iraqi's are starting to move away from the US dollar and back to the dinar for their money. Combine that with other things like people moving back from the surrounding countries and now this, whilst you're never going to get the shining beacon of western style democracy and capitalism that people were proclaiming before the invasion it does look like things are headed in generally the right direction.

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