By John Lee.
We get many enquiries at Iraq Business News relating to the future of the Iraqi dinar (IQD), for example:
- Will the Iraqi dinar increase in value?
- Will the currency be re-denominated, dropping the 'three zeros'?
- Is it wise to buy Iraqi dinar?
Firstly, Iraq Business News is not in a position to give investment advice. Our mission is to provide our readers with the highest quality information on the business and economy of Iraq.
As the value of the Iraqi dinar affects trade, we will continue to report on any possible re-valuations and/or redenominations as soon as information is available.
We hope that this information will be useful to the key decision-makers in Iraqi business, and to all who are interested in the development of the country; gamblers and people involved in get-rich-quick schemes/scams are not our target readership.
It's clear from the correspondence we receive that some people, who like to think of themselves as 'investors', genuinely believe that at the stroke of a pen they will make a 1,000-fold return on their purchase of dinars.
Those people might like to consider some questions before putting any further funds at risk: Read more ...
I'm here 4aprofit..as per profits..I've had em', still gettin em', waitin on more of em'...hopefully the big un'..If you have'nt got gains'...or you dont want em'..get out'..or get in'...and ride it out'...or dont bash it'...This is definitely not for everyone!...Go tell everybody that got into Bear Stearns, Lehman Brothers, Enron, Worldcom and many, many other investments that tanked..what an idiot they are for getting into those...as some of them lost millions...(And those investments have finalized, this one has'nt)..and you are soooo worried over a few of us that may have invested a few hundred or thousand bucks..some with gains so far, some without any yet...and some act scared too death that we may lose something...(AND I KNOW THEY ARE WORRIED ABOUT ANY GAINS..LOL!)...WOW!!!...Now that's the dumper-mentality/people wanting us to sell out, or propaganda machine at work to deter us from getting into this...or to slow down specualtion, if you ask me! Man, I cant believe people hate this this much...and it has'nt materialized for better or worse..AWESOME WORK!!!...It just makes me want to more with this!...As everything I've seen thats pumped by the establishments has usually flopped...so I'm doing the 180 whether you naysayers love it or hate it...If I lose in the end, so be it..but where everything is headed right now, it looks no worse than anything else!
4aprofit to many words and nothing. RIP
Thanks...I love the comment...some things are hidden from some, and revealed to others...and nothing works without a balance anyway..your keeping balance +/- and I'm keeping balance +/-, Hey, if I cared what people thought, or their opinions, I would'nt have made money in the past..some of the best investments in the worlds history, has actually had the most risks..I'm lovin it!!!
"So, we are back to square one…just because some of you say so?"
The facts say so. Facts that you willfilly ignore, so that you can rant and rave and bluster and continue to live in your fantasy world where you're about to become wealthy via the dinar.
"Dinars worthless?…ISX useless?…Warka Bank Acct. all lost?…"
Where did I say the dinar is worthless? Where did I say the ISX is useless? You wanna argue about Warka? You have money in there? Try and get it out, and let us know. From what I've seen NO ONE has gotten a significant amount of cash (or maybe any cash) out of Warka ever since they went under the CBIs "guardianship". You wanna dispute that, bring some facts instead of your uninformed gibberish.
"Do you know exactly how this will turn out when it is all said and done?"
Where has anyone said they know exactly how it will turn out? You don't need to know exactly how it WILL turn out, to know exactly how it WON'T turn out. I don't know what GOOG is going to close at on Tuesday, but I damn sure know it isn't going to be 600,000 dollars a share. Apparently you think it might be.
"Now that’s the dumper-mentality/people wanting us to sell out, or propaganda machine at work to deter us from getting into this…or to slow down specualtion, if you ask me!"
1. The notion that people are paid to discourage dinar investment is paranoid idiocy at its finest. Where'd you hear that one from? Okie?
2. I don't think you should sell out 4aprofit. I think you should invest MORE. Rack up the credit cards. Take out a second on the house. Sell the Ford Fairmont. Sink every cent you have into the dinar. I'm not hear for ignorant douches like you that aren't capable of bringing a single fact to the table in a discussion, I'm here for the people on the fence thinking about investing so that, instead of just getting clueless dreamer nonsense from pumpers like you, they actually get some FACTS about the dinar.
The fact is that Iraq has an M2 of over 70 trillion which means the dinar, at 1170 to 1, is worth exactly what it should be. The chance of a massive gain in the dinar is ZERO. Just because you're not smart enough to figure it out, doesn't mean it isn't true. Maybe when this is all said and done and you haven't made your millions off the dinar you'll realize that you were just being a clueless rube the entire time and next time you'll actually listen to people that understand the situation a lot better than you do.
The notion of 10,000+ percent profits off the dinar is a SCAM. No different than Madoff scammed people. You think Madoffs clients didn't wish like hell there'd be someone there to tell them before hand that it was all BS? Yet here you are, people have explained to you probably hundreds of times why it's all BS, and you stick your head in the sand and your fingers in your ears and scream NO NO NO like a 5 year old having a tantrum. If you're so sure you're going to make millions just shut up about it and come back and gloat when it's over, because your ignorance actually COULD influence someone ELSE to get suckered into this pipe dream nonsense SCAM.
Worry, worry, worry...over ME!..WOW...Get on with a life!..Just because I like the Dinar?...This is getting very interesting!
It's interesting how you keep saying over and over how the dinar is worthless. A bill worth 21 USD is worthless? Do you buy everything with hundreds and then just throw the change in the gutter because it's worthless? You buy an 8 dollar meal at McDick's and then throw the remaining 92 dollars in the trash because 20 dollars bills are worthless?
You're just not very bright, are you? Trust me, I'm not worried about you. If it weren't the dinar I'm sure someone of your intellectual caliber would either be sending all your money to Nigeria, or using it to purchase magic beans, or similar. So by all means, continue on with your investment, that will no doubt soon make you a millionaire, just as soon as Iraq figures out how to convince the world that their dinar supply should be worth 70 times what Saudi Arabias is.
I mean, that shouldn't be tough, right? They have 70 times as much oil as Saudi, right? Oh, they don't? Well, I'm sure they'll figure out something.
See you in Vegas! HAHAHAHAHAHAHAHA. Sucker.
Oooops, my mistake, the M2 number I was looking at was in rials, not USD (it didn't specify which, so I checked another source to be sure). So in order to RV 1 to 1 Iraq would end up with a money supply that is about 250 times that of Saudi.
No problem for your man Shabbibi, I'm sure!
HMMM???...
http://www.youtube.com/watch?v=f1LV4cOmQDU&feature=related
More HMMM???...
http://www.youtube.com/watch?v=yZ72Z_8LITM&feature=youtube_gdata_player
Wow, a video of an idiot telling Sean Hannity garbage that they heard from Okie and Blaino! That must make it true!
ISX..HMMM???.....
http://www.bloomberg.com/video/87904914-iraqi-stock-market-quite-liberal-taha-says.html
when the big boy`s in DUBI (DMCC) SAY THIS IS A GOOD QUALITY CURRENCY I DON`T CARE WHAT ANY SO CALLLED CURRENCY EXPERT SAY`S THIS STUFF IS HOT AND GETTING HOTTER! SO NOW IT`S THE IMF THE US TREASURY THE WORLD BANK NOW THE GUY`S FROM DUBI I THINK ALL THE EXPERTS NEED TO SIT DOWN STFU AND LET IRAQ PLAY OUT IF YOUR RIGHT THIS CURRENCY IS WORTH NOTHING GOOD FOR U BUT IF IT EXPLODES BACK ON TO THE INTERNATIONAL CURRENCY MARKET STRONGER THEN BEFORE I HOPE YOU CAN FIND ENOUGH CROW TO EAT!!!
U.S. State Dept...watch first minute or so, then at appx. 4:30 minutes up to 5:30, regarding Iraq passing China's growth, from Hillary Clinton..
HMMM???....
http://video.state.gov/en/top-stories/video/974775275001/promoting-commercial-opportunities-in-iraq-question-and-answer-period/s~creationDate/p~1/?p
That's great, 4aprofit. You just provided links to a couple of scammers. One has a hedge fund that was put on hold by authorities and the other has served time in prison. Keep em comin'!
Let's take a look at what this gibbering idiot says:
1. It's gonna work like it did in with the Kuwaiti Dinar.
Answer: We know for a fact that isn't true. If it did work like that, it already woulda happened. Did Kuwait print 70 trillion dinar? No. Did Kuwait have 25,000 dinar bills? No. Did DinarTrade sell billions of dollars worth of KWD? No. Anyone that thinks it's the same situation is brain dead. Period.
2. Bush said the war would pay for itself.
NO ONE has every found a credible source of Bush actually saying that, and even if they did, it doesn't mean anything, because they had no idea it would cost as much as it did and even if they did it doesn't mean they're talking about dinar.
3. The UST holds 5.5 trillion dinar.
Straight from Okies lips to this guys bunghole! No evidence of this whatsoever.
What's the second video? More of the same, I'm guessing?
I'm sorry 4aprofit, but it's very obvious you're either profoundly stupid or you're just so desparate and sad that you'll believe ANYTHING any idiot tells you as long as you think it means you're gonna make millions. There really doesn't appear to be any hope for you, so why don't you just shut up and go back to DV where you can post "GO RV" 74 times a day with your little buddies and everyone will thank you for it.
Bloomberg News...Citigroup expands in Iraq...
HMMM???...
http://www.youtube.com/watch?feature=player_embedded&v=9rvy3cDxTSU#
"U.S. State Dept…watch first minute or so, then at appx. 4:30 minutes up to 5:30, regarding Iraq passing China’s growth, from Hillary Clinton.."
So what? Mice grow faster than elephants. Is the mouse ever gonna be bigger than the elephant?
Instead of posting garbage that you don't understand, why don't you just tell us, in your own words, why Iraqs currency should be worth 250 times that of Saudi Arabias. Simple question. Go!
CNBC Video'...Foreign Direct Investment in Iraq'..and this was a while back while it was still somewhat worse over there!
HMMM???....
http://video.cnbc.com/gallery/?video=3000036931
Instead of posting garbage that you don’t understand, why don’t you just tell us, in your own words, why Iraqs currency should be worth 250 times that of Saudi Arabias. Simple question. Go!
OMG, Citibank is doing business in Iraq! That must mean their currency is about to increase in value by 100,000%! You know where else Citibank does business? Indonesia! And their currency is WORTH EVEN LESS than Iraqs! It must be about to increase BY EVEN MORE!
Good lord you're dense.
Bloomberg News Report...The Dinar, ISX, Etc.."Investing in Dinar"..And this a while back...Grant, on "Taking Stock", states: Iraq has turned into a capital magnet, and he also states this is a picture of a BullMarket!....
HMMM???...
http://www.youtube.com/watch?v=yTVS02Te1q4&feature=related
Why don’t you just tell us, in your own words, why Iraqs currency should be worth 250 times that of Saudi Arabias. Simple question. Go!
Currency isn't stock. Iraq's GDP could grow at 100% a year and it wouldn't mean a thing as far as the dinar is concerned. Look at Vietnam. Their economy is growing and their currency is depreciating. Believe it or not that's the norm for a country with a booming economy. You need to quit listening to gurus.
This is a video from the "US Senate Committee on Foreign Relations".
"WE WERE TOLD IRAQI OIL WOULD FUND THE FULL COST OF THE WAR"
LONG VIDEO BUT A TON!!!!!!!! OF INSIGHT
CLIP AT 95:05min BUT WORTH LISTENING TO ENTIRE VIDEO
HMMM???...
http://foreign.senat...ae-3e2b956077c2
You know what you should really do right now? Tell us, in your own words, why Iraqs currency should be worth 250 times that of Saudi Arabias. Simple question. Go!
This is a video from the “US Senate Committee on Foreign Relations”.
NEW LINK: CLIP AT 95:05min BUT WORTH LISTENING TO ENTIRE VIDEO
http://www.foreign.senate.gov/hearings/hearing/?id=a421f9a1-5056-a032-52ae-3e2b956077c2
Something that I think might really be a major boon to this discussion, would be if you told us, in your own words, why Iraqs currency should be worth 250 times that of Saudi Arabias. Simple question. Go!
ABC NEWS: And this is quite a while back..when it was much worse..
HMMM???....
The next hot place for investment...Iraq???
http://www.youtube.com/watch?v=D9o-5zsqUGQ&feature=related
It seems like maybe we've gotten off track here. In order to get these moving in the right direction, how about you tell us, in your own words, why Iraqs currency should be worth 250 times that of Saudi Arabias. Simple question. Go!
FOX NEWS: Investing in Iraq'..another oldie somewhat, but goodie!..
HMMM???...
http://www.youtube.com/watch?v=0odK-2yQ2DE&NR=1
You know, I woke up this morning, and the weather is beautiful here, three day weekend, waxed my new car, had a nice lunch, now kicking back with a glass of wine and watching a movie, but something that really just put the capper on this and make a really lovely day, is if someone would tell me, in his own words, why Iraqs currency should be worth 250 times that of Saudi Arabias. Simple question. Go!
CNBC NEWS: "CNBC Recommends Investing In Iraq", Hedge Funds & Mutual Funds Moving Into Iraq!...
HMMM???....
http://www.youtube.com/watch?v=0m6E76f__20&feature=related
Have you guys heard this one? I thought it was a real knee slapper, myself:
Two guys walk into a bar, and one of them told the other, in his own words, why Iraqs currency should be worth 250 times that of Saudi Arabias.
CNBC VIDEO...Regarding Iraqi Oil & Good Economy..and this is another oldie...but goodie..
HMMM???...
http://video.cnbc.com/gallery/?video=1752197415&play=1
When I got the news that my grandpa was dying, I rushed to the hospital and ran up to his floor. The nurses told me to hurry, that it was very close, but he was still alive. I got there in time, and sat down by his bed, and he beckoned me to come closer, so I put my head close to his, and waited for what was so important that he held on so long just so he could tell me, but it was too late, his time had passed.
He never got a chance to tell me, in his own words, why Iraqs currency should be worth 250 times that of Saudi Arabias.
BUSINESS INSIDER: "PRESENTING: The Hottest Economies In The World", Iraq #1, as per CIA World Factbook...
HMMM???...
http://www.businessinsider.com/29-of-the-worlds-fastest-growing-countries-2012-6?op=1
NEW YORK TIMES...Oil Wealth Returning, Iraq Sees Malls Rise..
HMMM???...
http://www.nytimes.com/2012/07/01/world/middleeast/fueled-by-oil-wealth-malls-rise-in-baghdad.html?_r=3&pagewanted=all
Gunnery Sergeant Hartman: Today... is Christmas! There will be a magic show at zero-nine-thirty! Chaplain Charlie will tell you about how the free world will conquer Communism with the aid of God and a few Marines! God has a hard-on for Marines because we kill everything we see! He plays His games, we play ours! To show our appreciation for so much power, we keep heaven packed with fresh souls! God was here before the Marine Corps! So you can give your heart to Jesus, but your ass belongs to the Corps! Do you ladies understand? Now drop and give me twenty, and while you're doing it, tell me in your own words, why Iraqs currency should be worth 250 times that of Saudi Arabias!
I always thought that wealth followed wealth, and not poverty!...What is Kuwait's currency worth?...Oh, but there doing business in Iraq too huh?..Even McDonalds does'nt open a store without doing a feasibility market & research assessment before moving in, as per if any money can be made!..And I assume Iraq will stay broke, while the wealthiest countries in the World move in!...Recently we saw Middle East News reports where Kuwait stated that they will be invested in every sector in Iraq, we saw where they put billions in the ISX, and were putting banks and hotels in Iraq!
HMMM???...
The most important events in the oil and gas during the week in the Gulf region
Kuwait Energy Company said that there was a "high probability" to the presence of oil in the region, which won the contract to drill for oil in Iraq. The Oil Ministry announced that the Iraqi group led by Kuwait Energy and Turkish TPAO of Dragon Oil, based in Dubai won a contract to drill in the concession 9 in the fourth round of the licensing power. Kuwait Energy said it will determine the type of hydrocarbon that contains the patch to add it to the size of the reserve and production during the exploratory phase of operations to be undertaken by the company. In the case of positive results of the exploratory operations within five years of the consortium may request an extension to a developmental contract for production over a period of 20 years. This concession, which covers an area 900 km square and is located in the province of Basra is the oil region in the first place. And offered the group a fee of $ 24.6 dollars per barrel of oil equivalent. On the other hand, won the group led by Russia's Lukoil excellent oil is important in today's second round of auctions Iraq's energy, which includes 12 concession after a disappointing start the previous day because of the difficult conditions of the contracts . The lukewarm response to the fourth round of auctions for power in Iraq, where he was awarded three contracts for the privileges of 12 only a privilege, a setback for the Baghdad plans to expand rapidly in the oil and gas production and compete with Saudi Arabia. And won Lukoil and its partner Inpex Corp., Japan's No. 10 the concession contract, which covers an area 5500 km square and is located in the provinces of Muthanna, Dhi Qar, south of the country in an auction expected to attract more Iraqi investors. Pakistan won the privilege of Petroleum No. 8 of the gas in the provinces of Diyala and Wasit in eastern Iraq. But did not provide companies of any offers to four other privileges as well as Amtyazen from the previous day was put up. to that signed the Iraqi Oil Ministry memorandum of the minutes of a meeting with Iranian counterpart on further oil cooperation between the two countries, and spend the memorandum should be an agreement in terms of common fields, with side expressed Iran's readiness to supply Iraq with the needed derivatives of oil and gas oil. A spokesman for the Iraqi Oil Ministry that the Ministry of Oil signed with the Iranian Oil Ministry note the minutes of the meeting on further oil cooperation between the two areas are numerous. Kuwait entered into Kuwait Foreign Petroleum Exploration Company (KUFPEC) signed an agreement with the company (Anquest) to buy a share of nearly 35% in the two fields oilfields in the North Sea, The Chief Executive Officer (Anquest) noted that the partnership with (KUFPEC) in the development of two fields (Galia) and (pain) were peer-investments Kufpec about $ 500 million dollars of which $ 180 million is part of the obligations (Anquest ) in the project. He is expected to begin the project in the production of oil by the end of next year, adding that the working group in (Anquest) cut several steps in implementation of the first well drilled in the field (ALMA) in full with positive results. The Chairman and Managing Director of the Company (Kufpec) that modify the program is now the capital of the project to include an increase in the scope of the work the total cost of up to one billion dollars to increase production in the life of the project. The parties agreed that in case you can not (KUFPEC) to recover its investment by the first of January 2017 are entitled to (Kufpec) received 50% of production to full cost recovery. And you'll get (KUFPEC) to produce the equivalent of 1750 barrels of oil equivalent per day in the year 2012 of the project and grows to a peak of the rate of 7000 barrels of oil equivalent per day in 2014 and it will be possible for the company to add reserves equal to 10 million barrels of oil equivalent as of January 2012. Qatar detect and Minister of Energy and Industry for the determination of his country to begin supplying liquefied natural gas to Turkey under a contract of sale and an agreement for strategic cooperation between the two countries in the energy field, including cooperation between the two countries, the Turkish side to provide two million tons of LNG annually as part of a contract of sale the president. Qatari minister did not specify the contract value or duration, but he pointed out that this issue is still under discussions between officials from both sides. He pointed out that bilateral cooperation include long-term agreement between the two countries in the gas sector, stressing that there are opportunities for both sides the country and Turkey to benefit from the expertise and capabilities available in the exploitation of energy resources. Bahrain inaugurated by the Minister of Energy Bahraini expansion project compressors for gas in the Bahrain Field near the area of excavation, and completed Company expansion project successfully develop new gas compressors in the field of Bahrain after completing the first two stages successfully in the month of April / April and December / December 2011. This station is characterized by its ability to pressure of approximately 100 million cubic feet of gas per day, where the gas is compressed and re-injected into oil reservoirs in the ground or other handling of the Show. The projects to build gas compressor stations in response to an increase in the amount of gas generated by the new oil wells in the field of Bahrain as a result of raising oil production. The expansion project, this is the third phase of compressors for gas with a total of 33 stressful huge gas where they are collecting gas extracted with crude oil in pipelines and send it to the compressor to prepare them for different uses, such as lifting an automated pump oil, or re-injected into the reservoir floor to maintain use future. The expansion project was completed in record time of 6 months. Also, this expansion will increase the available capacity for the development company to compress the gas to more than 230 million cubic feet of gas per day.
http://www.iraqdirec...r.aspx?id=19765
As per Franks Question:
tell me in your own words, why Iraqs currency should be worth 250 times that of Saudi Arabias!
I have never said it would, or could'nt be, does anyone know this, and I do not know what it could end up being worth...but we will see?
Stew time to close this discussion. Some drug addict try to impress world.
You obviously think it either can or should be. WHY? Why would it even be worth AS MUCH as Saudis? Iraq has less oil, pumps less oil, has NO ECONOMY except oil, and is an unstable mess. So WHY? Obviously their money supply should be worth A LOT LESS than Saudis. Guess what? It is! The system works!
What you don't seem to be capable of understanding is that all these companies can make money no matter what the exchange rate is. And I'll explain why, it's pretty effing simple:
If McDonald's were to sell a hamburger in Iraq, they don't sell it for two dinar. They sell it for the equivalent of 2 USD. 2300 or so dinar. Then they go to the bank, convert their 2300 dinar into 2 USD, and then mail it back to the corporate mothership. IT DOESN'T MATTER WHAT THEIR EXCHANGE RATE IS. You think McDonald's is selling happy meals in Kuwait for 5 KWD? 17 dollars? NO. Whatever the local exchange rate is, they adjust for it, and make about the same amount of money.
The notion that just because companies want to do business there it means they currency is going to appreciate massively is just plain nonsense. Dinar are not stock shares, and Iraq is not a company. That ISN'T HOW IT WORKS.
My company does tons of business in Indonesia. Why would they since their rupiah is only worth 1/8th of a dinar? BECAUSE IT DOESN'T REALLY MATTER. In fact in a lot of industries having a country with their currency in the toilet makes it BETTER to do business there. Everyone's doing business in China, shouldn't their currency be worth like 10 times what the KWD is? NO. THAT ISN'T HOW IT WORKS.
Here's the thing. When a countries economy improves, their M2 usually increases. There is, very obviously, TWO WAYS for your M2 to increase. The VALUE of your currency can go up, or the AMOUNT of your currency can go up. Guess which one Iraq has been doing for the last 5 years or so? Check their website, and you'll see.
Appreciating the currency creates ALL KINDS of problems. Everything needs repriced, salaries and wages need adjusted, contracts get all messed up, it's a mess. Plus those pesky currency speculators might cash in and take some of the USD/EURO/YUAN/WHATEVER out of your foreign currency reserves.
Guess what kind of problems increasing the money supply does? PRETTY MUCH NONE! Not only do you not need to deal with any of the crap above, you get to keep all the new money! YAAAAAAAY.
You know how you know Iraq can do that? It's what they've been doing for years! Check the CBI website. The MIGHT let their currency gain some value instead of just printing more of it. Maybe all the way to 1000 to 1 or 900 to 1 over the next decade or so. But a profit bigger than that? NOT GOING TO HAPPEN. Meanwhile, while your money is setting in the dead end dinar investment, all the GOOGs and AAPLs and even gold and silver have PASSED YOU BY.
Cry your heart out...I'm in for the LONG HAUL!...LOL...
ALWAYS, ALWAYS, ALWAYS...NEVER GIVE UP...YOU DIE HARD DINARIANS OUT THERE...AND NEVER LISTEN TO WHAT ANYONE "SAYS"...BUT WHAT IRAQ "DOES"...NUFF SAID'...
http://www.youtube.com/watch?v=JV5nbOGRu3Y
Frank, it's pretty obvious 4aprofit is arguing purely for the sake of arguing / attention seeking and just wanting the last word at any cost. That he's filled up almost 50 comments all by himself over the past 36 hours filled with dumb sarcastic one-liners and SHOUTING IN ALL CAPS says it all. He's already proven his trolling credentials when he spent 3 days demanding people reply to his call for "show me something better" and when people did, he then started child-like "why are you talking to me, I'm not listening, la, la, la" routine that I grew out of when I was 9. Rather than feed his attention seeking any more, you're better off letting him think he's "won" some token moral victory. LOL 😉
You got something better, as per an investment here, whether to you it or I seems childish or not, just because something has'nt materialized they you would wish for it to, you panic and bash!...What good investment has ever materialized always overnight?...How can some be so blind...all I did was give you a preview of what is coming to Iraq...and now you seem more mad and scared...either you have an agenda or your retarded!
You did NOT give a preview of what is coming to Iraq. You presented your personal wish what you like to happen in Iraq .... and you are wrong!
Frank, on another note, you seem to know so much about my/our personal investments here, or those that have invested in the Dinar, the ISX, Warka Bank Acct's, Etc...(So I assume, for you to be the judge of all of these investment areas, we must all, simply lay out all our credentials and portfolios for you and the world to see, as per proving to you that we have made gains and are right, and that you are wrong, when you are someone who says that that you are not even in this investment...and dont hold anything)...If your not interested, why waste the time and countless hours bashing away, why are'nt you studying all of those things you menton that are better, as every savy investor would naturally be doing, unless...there is an Agenda, to tear this down for some Reason?...Like I've said before, as an example: a person who likes Yatchting...does'nt go buy a magazine on Needlecrafting, especially if he hates it, and then tries to tear down everything he can find about it, while maybe not even knowing anything about it at all!...LOL...
If the IQD does revalue 1 to 1 (25,000 IQD bill worth 25,000 USD), not sure how IQD becomes worth 250 Times the Saudi Riyal? In my view the IQD would still actually be 'worth less' at a 1 to 1 RV. In my view an RV would just be an attempt to bring the currency up to 'pre-war levels', and as I am sure most of you realize a 1 to 1 RV would still be 'cheap' in comparison to the Saudi Riyal prior to the the Iraqi war? Just my perspective. If I am not mistaken, the IQD historically has been around 3 USD to 1 IQD, so a 1 to 1 rate would only serve to give a 33% added value 'pre-war', actually one could argue that even with a 1 to 1 RV the IQD currancy would technically be down 66% 'pre-war', Not saying I am right, just saying that is how I am looking at this investment. Either way we should know something soon enough?