I was unaware of the highlighted part. I feel this is huge as they are getting close to becoming a member. :thumbsup:
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That is if iraq choses to do a peg of there currency...the margin is 4% now if they alow there curency to float...the market can determine the rate allowing the sky is the limit up wards or down wards....so yes you are right that a peg and a low rv is done for...but a float on the market is a whole nother coversation for discussion...from what i have read and understand the sky is the limit in a float situation
You know I was just thinking, oil and gas are something that the entire world needs and most countries will do just about anything to keep the supply coming in as needed including the USA.
Now that we know that Iraq has more oil than Iran and Saudi Arabia, which we have learned are both running short on supplies, I believe Iraq can do any dang thing they want to with their currency since they hold all the cards.
I believe that once they get all their debts settled and their laws in the books we will all see something happen that may very well change the entire world as we know it.
Some argue they don't have the reserves to do it, who cares! They have something the entire planet needs, would you like some of it or not?
Once this thing is in motion they will decide what they can and can not do, and I for one say they will be able to do anything they wish.
10 cents on the dollar? I think not!
The sky is definatly the limit!
uhhhh-why not a catagory for less than pre-war rate???
I think you may need to start your own thread for that, I've never started one before but I'm pretty sure there is a link somewhere to do it. Best wishes, lewscrew
If goes for less than a $1.00 then the country cannot dedollarize the economy. If it goes for to much say $5.00 then the economy could fall apart. You needd to remember that even with all the oil they have they still have to get it out of the ground. I worked in the oil field for 18 yrs and I know it is expensive to do just that get it out of the ground. That said the Dinar needs to be at least worth a $1.00. It cost millions to drill [in U.S.D.] so in Dinars it would be billions for the same drilling. Question is how many Billions of Dinar do they have?? You all do the math at the present exchange rate it would not make sense to not RV thier money.. IMHO Bill
Well that would mean a higher RV the way I look at that. Bill:leader: :woohoo: