Archive for the ‘Other – Business & Finance’ Category
i have 1000000 plus iraqi dinars in fair condition is the market value high or low right now,and should i sell them or keep them as an investment!
Steven Manero
There has been much talk about investing in the Iraqi Dinar, and many have invested, including the US Government (under George W. Bush). It is said that the Dinar is expected to re-value, and assumed that the new valuation will be closer to what the currency was before the war, as was the case with every other country which we have gone to war with, after we re-build their country. Currently you can purchase a million Dinar for just over $1,000. If the re-valuation goes to $2 (as anticipated), then a $2,000 investment suddenly has a value of about $2 million dollars. It has been said that the US Government (thanks to the Bush Administration)) has purchased enough Dinar to pay off the entire cost of the Iraq war with the profit after it re-values, and that Bush Sr. did the same during Kuait. It has also been said that Donald Trump has purchased millions of dollars worth of dinar in anticipation of this re-valuation. I know many people who have purchased it, and I have some myself.
My question is: how does the Iraqi government (or banks) come up with the trillions of dollars to buy back all of their dinar when the US investors go to trade them back for dollars? Where do those dollars come from, once this phenomonam happens overnight due to this anticipated re-valuation?
Bianca Briere
My friend recently bought a bunch of Iraqi Dinar IDQ thinking there going to be renominated and he will be a millionaire, I know its ridiculous and I tried hitting him with some facts like how the old money was worthless and the value was set by there dictator and wasn’t traded even with the us dollar like he thinks, it didn’t work. Any other ideas?
Cliff Wooding
Will the USDollar lose petrodollar hegemony as $pOIL surges due to middle east turmoil and head south to Zimbabwe, making USAll Zimbabwe Zillionaires, regardless of how he tries to prop up “confidence”, the only thing that gives the USDebt Note any value? Will hyperinflation be the final inevitable outcome, creating a domino effect on all fiat currencies, requiring A NWO Global Super-Currency to replace the Federal Reserve Note as Foreign Reserve Currency? If so, about how soon? IMF SDR a viable replacement?
Iraq has no debt, a roaring economy and a lot of OIL to back their currency, rather than just failing “confidence”. Could a revalued and stable Iraqi Dinar become the de-facto currency by default for trading petroleum until a longer-term solution to the replacement of the USDebt Note can be agreed upon by the international community at large, or a new gold or silver backed currency?
Devon Clayton








