Archive for March, 2010
jay asked:
I read on a website that the Iraq Dinar that started to be printed in 2004 after the new democratical Iraq government was formed is backed by American currency. it stated the ratio was somewhere around 1200 Dinars for every American Dollar. The money was allegedley lent to them by either The United States or the US Federal reserve bank thou it didn’t specify with the intentions of giving the economy a boost since the original dinars that were being circulated were worthless since Saddam regime was printing them out like newspapers so much that it inflation devalued it. I thought this made sence because I seen on tv on some show that said that the the 6 main goals that Bush wanted the new Iraq government to do is fund the local governments with atleast 1/4 of funding federal 1/4 aswell and 1/4 to the people and 1/4 for surpulus. 5 get the oil drilling online and back in busness, and 6 have the Iraq oil be sold by the dollar which give more back up for newly printed dinar notes!
I would think this makes alot of sence because if Iraq’s Central Bank was finaced by our Federal reserve then they may of agreed to terms that would limit there authority to dictate the ration of dinars that can be printed to Dollars . If this is the case then the government of Iraq would have a sybotic relationship with the American dollar because they will need american currency to back the Dinars that The Central Bank Of Iraq will print. And it would be in the best interest of the Iraq economy to sell Oil on the world market in America dollars that way the Dinar will be worth more because it is backed by more dollars. and it would beneft America because there will be a huge oil market available free of exchange rates that are the cause of soaring Gasoline prices currentley.
I read on a website that the Iraq Dinar that started to be printed in 2004 after the new democratical Iraq government was formed is backed by American currency. it stated the ratio was somewhere around 1200 Dinars for every American Dollar. The money was allegedley lent to them by either The United States or the US Federal reserve bank thou it didn’t specify with the intentions of giving the economy a boost since the original dinars that were being circulated were worthless since Saddam regime was printing them out like newspapers so much that it inflation devalued it. I thought this made sence because I seen on tv on some show that said that the the 6 main goals that Bush wanted the new Iraq government to do is fund the local governments with atleast 1/4 of funding federal 1/4 aswell and 1/4 to the people and 1/4 for surpulus. 5 get the oil drilling online and back in busness, and 6 have the Iraq oil be sold by the dollar which give more back up for newly printed dinar notes!
I would think this makes alot of sence because if Iraq’s Central Bank was finaced by our Federal reserve then they may of agreed to terms that would limit there authority to dictate the ration of dinars that can be printed to Dollars . If this is the case then the government of Iraq would have a sybotic relationship with the American dollar because they will need american currency to back the Dinars that The Central Bank Of Iraq will print. And it would be in the best interest of the Iraq economy to sell Oil on the world market in America dollars that way the Dinar will be worth more because it is backed by more dollars. and it would beneft America because there will be a huge oil market available free of exchange rates that are the cause of soaring Gasoline prices currentley.
Does this seem reasonable or am I just clueless?
Genevive Marlin
James C asked:
I ‘m looking for the pros & cons of purchasing Iraq dinars
Helene Asel
I ‘m looking for the pros & cons of purchasing Iraq dinars
Helene Asel
David H asked:
I am not finding current info, on this currency.
Reed Arrendondo
I am not finding current info, on this currency.
Reed Arrendondo
EF asked:
Do the soldiers/contractors use the Iraq dinar or USD at Camp Al Taqqadum these days?
Cecil Marso
Do the soldiers/contractors use the Iraq dinar or USD at Camp Al Taqqadum these days?
Cecil Marso
Kevin P asked:
My brother got me 1,500 dinars from iraq because he is in the marines and i got 2 250 dinar bills and 1 1,00 dinar bill and i wanted to know how much that would equil in american money?
Laraine Paree
My brother got me 1,500 dinars from iraq because he is in the marines and i got 2 250 dinar bills and 1 1,00 dinar bill and i wanted to know how much that would equil in american money?
Laraine Paree
boltron asked:
I want to invest $5000 USD. I’ve heard that Iraqs oil production is going to increase in the next few years by alot, and now would be a good time to invest in the Iraqi Dinar. I have never invested before and was wondering if someone here who knew more then I did could give me some sound advice on investing in currency.
I want to invest $5000 USD. I’ve heard that Iraqs oil production is going to increase in the next few years by alot, and now would be a good time to invest in the Iraqi Dinar. I have never invested before and was wondering if someone here who knew more then I did could give me some sound advice on investing in currency.
Also, if I do invest in IQD, where can I get it exchanged later?
Sophia Hollinsworth
5-angelface asked:
I found Some money waded up in the front seat of an abandond junk car @ the edge of my mother in laws property. It appears to be very very real but I figure its not equal to American money and probley worth alot less in American Dollars. It says Central Bank of Iraq, Ten Thousand Dinars
Annamaria Vonniederhaus
I found Some money waded up in the front seat of an abandond junk car @ the edge of my mother in laws property. It appears to be very very real but I figure its not equal to American money and probley worth alot less in American Dollars. It says Central Bank of Iraq, Ten Thousand Dinars
Annamaria Vonniederhaus
Small but Fierce asked:
I’m curious to know if anyone has experience in investing in the Dinar? Is it a good investment? Do you think the Dinar will increase in value after the war in Iraq? If so do you know of a reputable company to invest with?
Denny Benchoff
I’m curious to know if anyone has experience in investing in the Dinar? Is it a good investment? Do you think the Dinar will increase in value after the war in Iraq? If so do you know of a reputable company to invest with?
Denny Benchoff
tamsammut55 asked:
I’m thinking about investing in Iraqi Dinar, because I heard from an investor that he invested in it and that the Iraq government is coming close to stabilizing.
I’m thinking about investing in Iraqi Dinar, because I heard from an investor that he invested in it and that the Iraq government is coming close to stabilizing.
Does anyone out there think that this is a scam, or something of a gamble? Thanks!
Amber Macknight
__A_YAHOO_USER__ asked:
I thought about getting some iraq dinar at the bank to resell somewhere else. Would the exchange rate be roughly the same as www.xe.com? obviously it would be higher so the banks will make money. But would it be roughly the same? Also, how do you pronounce ‘dinar’? lol
Ben
I thought about getting some iraq dinar at the bank to resell somewhere else. Would the exchange rate be roughly the same as www.xe.com? obviously it would be higher so the banks will make money. But would it be roughly the same? Also, how do you pronounce ‘dinar’? lol
Ben