Archive for the ‘Economics’ Category
Phillyfan23 asked:
I have a friend who has invested a lot of money in the Iraqi dinar and seems to believe that he will become a millionaire when the currency revalues, which he says is happening now. Can someone with knowledge of currency exchange help me explain why this won’t happen? I don’t know enough, but it doesn’t make sense to me that if the dinar revalues that they wouldn’t account for the old currency. Please offer any advice, thanks!
Ann
I have a friend who has invested a lot of money in the Iraqi dinar and seems to believe that he will become a millionaire when the currency revalues, which he says is happening now. Can someone with knowledge of currency exchange help me explain why this won’t happen? I don’t know enough, but it doesn’t make sense to me that if the dinar revalues that they wouldn’t account for the old currency. Please offer any advice, thanks!
Ann
fisf37 asked:
What is the best way to trade the dinar?
Carole Buczynski
What is the best way to trade the dinar?
Carole Buczynski
Henry asked:
Payed $140.00 us dollars. For 100,000.00 at 1,168 per us dollar
Zachery Kaderlik
Payed $140.00 us dollars. For 100,000.00 at 1,168 per us dollar
Zachery Kaderlik
PillowPants asked:
When will the iraqi dinars be worth something again
Katheleen Ellcessor
When will the iraqi dinars be worth something again
Katheleen Ellcessor
Jordan economic researcher asked:
how does petrodollar financing thru
aid packages and remittances overvalue the country
of Jordan’s currency and how during 1988 Iraq had
“opened large letters of credit to Jordan’s factories”
and -(what could that mean?). The letters of credit had
allowed Jordan’s exports of commodities to Iraq worth
$185 million. $135 mill had already been financed and
exported so when the Iraqis had already opened up the
letters of credit worth $500 mill. The Jordanian gov’t
“froze the letters of credit”-(which I don’t know what
that means) for its exporters to Iraq because the
Iraqis had run up $240 mill more in orders than was
allocated by the accord. The Jordan’s companies were
in trouble since they ordered raw materials on a
credit basis,-unless the were paid their bankers would
default so in result the Jordanian Dinar lost half of
its value in a 4 month period.
What does all this mean in
simplified English.
Chris Colton
how does petrodollar financing thru
aid packages and remittances overvalue the country
of Jordan’s currency and how during 1988 Iraq had
“opened large letters of credit to Jordan’s factories”
and -(what could that mean?). The letters of credit had
allowed Jordan’s exports of commodities to Iraq worth
$185 million. $135 mill had already been financed and
exported so when the Iraqis had already opened up the
letters of credit worth $500 mill. The Jordanian gov’t
“froze the letters of credit”-(which I don’t know what
that means) for its exporters to Iraq because the
Iraqis had run up $240 mill more in orders than was
allocated by the accord. The Jordan’s companies were
in trouble since they ordered raw materials on a
credit basis,-unless the were paid their bankers would
default so in result the Jordanian Dinar lost half of
its value in a 4 month period.
What does all this mean in
simplified English.
Chris Colton
The Ultimate Answer Guaranteed asked:
If one invests money through an exchange process, for example exchange their bank account of 20,000 dollars into a different currency of an under-developed nation such as Iraq,
Tuesday, May 8, 2007
1 US Dollar = 1,324.80 Iraqi Di
so they would have a bank of
26496000 Dinar which after the war and economization increases in value, would the person be able to convert the money back and pocket the profits. Considering that the Iraqi Dinar will inevitably increase in value after reconstruction, etc. why doesn’t everyone(individuals) exchange some of their money into Dinar and wait for the increase to make profits?
Obviously it is negative for that person’s government but wouldn’t they profit?
Daniel Todman
If one invests money through an exchange process, for example exchange their bank account of 20,000 dollars into a different currency of an under-developed nation such as Iraq,
Tuesday, May 8, 2007
1 US Dollar = 1,324.80 Iraqi Di
so they would have a bank of
26496000 Dinar which after the war and economization increases in value, would the person be able to convert the money back and pocket the profits. Considering that the Iraqi Dinar will inevitably increase in value after reconstruction, etc. why doesn’t everyone(individuals) exchange some of their money into Dinar and wait for the increase to make profits?
Obviously it is negative for that person’s government but wouldn’t they profit?
Daniel Todman
geo asked:
im looking to get in to currency trading and the strategy i will be focusing on when i do is investing in developing nations. so on my Army funded all expense paid vacation to the lovely sands of Iraq in two weeks i was going to start my collection of dinars, maybe a couple million. the main reason i have faith in Iraq is because of all the oil fields that will be back in operation one day, but i figured i would ask around to see if there is another country that looks like would have a better chance to succeed
Ike Mannon
im looking to get in to currency trading and the strategy i will be focusing on when i do is investing in developing nations. so on my Army funded all expense paid vacation to the lovely sands of Iraq in two weeks i was going to start my collection of dinars, maybe a couple million. the main reason i have faith in Iraq is because of all the oil fields that will be back in operation one day, but i figured i would ask around to see if there is another country that looks like would have a better chance to succeed
Ike Mannon
Ashley S asked:
If I have 25000 dinars, how much is this amount in american money? Or where can I find out.
Clint Wedgewood
If I have 25000 dinars, how much is this amount in american money? Or where can I find out.
Clint Wedgewood
Roger L asked:
Lets face it, Iraq is rich in natural resources and have the potential to bounce back due to the oil prices.
Lets face it, Iraq is rich in natural resources and have the potential to bounce back due to the oil prices.
Lets say one bought 10 million dinars at a negligable cost today, and it were to recover to the value of the US dollar in 10 years time.
Is this possible?
Lorean Eberst
Old Man from Scene 24 asked:
I often hear economists saying some financial trend or another is being caused by the housing crunch or a hurricane or China building for the Olympics. But the massive amounts of money being directed to Iraq must be coming from somewhere and taking money from something else. Wouldn’t that much money leaving the US be a bigger hit on the economy than a storm in Texas?
What is being affected economically by the Iraq war?
Jarvis Tomasko
I often hear economists saying some financial trend or another is being caused by the housing crunch or a hurricane or China building for the Olympics. But the massive amounts of money being directed to Iraq must be coming from somewhere and taking money from something else. Wouldn’t that much money leaving the US be a bigger hit on the economy than a storm in Texas?
What is being affected economically by the Iraq war?
Jarvis Tomasko