Why Iraqi dinar is so down?
by ~ February 2nd, 2010 . Filed under: Investing .
Vladimir True asked:
How it can be possible with the currency of the country that has second largest oil, and largest gas reserve in the whole world?
How it can be possible with the currency of the country that has second largest oil, and largest gas reserve in the whole world?
Why it’s more down then let say Philippine Peso (1US=49PHP), Albanian Lek (1US=93ALL) or even one of the worlds poorest country (not even real country), Somalia and it’s Shilling (1US=1450SOS … yes, they need that sos) is almost on same level then oil and gas filled Iraq within 2 biggest rivers in whole Middle-East area. They call Iraq there ‘The Food Storage of Middle-East’.
So dinar-non sayers, WHY?
Paul Watford
February 2nd, 2010 at 3:57 pm
1. Lack of political stability
2. Inflation
3. Uncertainty