Originally Posted by Adster
Hassle,
As an article further up suggested, trade is up 150% from Britain, and that with all the bombings going on. Do you really think the unrest really makes a difference? The unrest has been going on for years, the ID was at .32 just before the War when Saddam was in charge.
As for it being sold in lots of places, so what? What does that prove? These people have already lined their pockets with Dinars and are making money on top, why not?!
This has happened before with Kuwait and they had nowhere near the oil reserve that Iraq has. That's the key, OIL=MONEY, that's why so many countries are interested. ;0)
Just my opinion on the research I've done. It's all coming together nicely and I think will be sooner than later. Once the IMF have approved loans worth "a few hundred" million dollars which would not go to building projects but would bolster the central bank's finances and backstop the Iraqi currency.
I feel this will come later in the year and will be the springboard for the World Bank to put a peg on the Dinar.
We'll see, then again, it could be sooner, or later, lol.