Originally Posted by
RetMil
DinarTank, if you want comparisons, I'm sorry there aren't any. Why you ask? Well in looking back through Iraq's history you note that what has happened here if much different than with other countries which have rv'ed their currency. First Iraq started with a high currency something on the order to 1 IQD to $3.22, much like Kuwait is today. Then through the actions of a murderous dictator the currency was driven down to 1 IQD to $.30 and then in 2003 to something like 4000 IQD to $1.00. The IQD has been held down to artificial values from 1990 to present for one reason or another. But one thing remains the same, natural resources. Oil and natural, gas lots of it. In fact the world needs it now more than ever. And there are other reasons to believe the dinar will reval. Iraq has agriculture, water and an ability to establish a manufacturing based like none other in the middle east except for Israel. Given the natural resources at it's disposal I believe they will surpass Israel in the long term. There is so much more to this than just current events.