Economic point of view about RV
Is an RV based on Political or Economic events?
Join Date: Mar 2007
Posts: 21
Economic point of view about RV
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Lifted this from another site...Sooo sorry. I think, based on this that Iraq has all of the economic fundamentals to RV its currency. Since its worth is about 12.68 dinar to the US penny, its way too cheap. Thank You
People belive that a number of laws must be passes so that there must be an RV. I for one think that laws help create sistems but the executive branch of iraq is the one in charge of implementing them. This is a very interesting find about an economic outlook of the country instead of a legal one:
Comments from a PhD of International Economics:
There are two conditions necessary for a country's currency to rebound after losing a war. The first is world support. This usually includes a commitment of rebuilding the country's infrastructure and forgiving their debt.
The second condition requires the country to have sufficient internal resources and the ability to put them into the market place. Iraq is the land between the two rivers and is renown to be the breadbasket of the Mid-east. They have large oil production ability and the world's largest untapped oil resources. Oil production is at its' peak with oil demand still growing at 4% annual worldwide. China and India's oil usage is growing at 10% annually. Any country that produces an oil surplus for export will have a large trade surplus. The demand for their currency to purchase the oil will escalate the value for their currency.
Keith Laggos, PhD.
President & Publisher
Network Marketing Business Journal
Iraq must work better on its safety issues so that it will bring more oil companies to do business in their region. People dont get me wrong i strongly belive it will RV but parliment will have little or nothing to do with it.