past and future of the iraqi dinars?
by ~ January 28th, 2010 . Filed under: Other - Business & Finance .
massagefreeofcost asked:
1.FROM 1980 TILL EARLY 1990’S THE VALUE WAS 1 DINAR = 3 DOLLARS OR 180 PAKISTANI RUPEES AS 1 USA DOLLAR = 60 PAKISTANI RUPEES.
2.FROM 1990 ONWARDS DUE TO THE IRAN – IRAQ WAR AND THE SANCTIONS ETC, THE VALUE KEPT DROPPING TILL IT REACHED 1 DINAR = 0.31 USA CENTS.
3.FROM 2000 JUST BEFORE 2003, THE VALUE OF 1 DINAR WAS BETWEEN 1 DINAR = 2 AND / OR 3 PAKISTANI RUPEES.
4.THE BIGGEST NOTE DENOMINATION AVAILABLE TILL 2003 WAS 50/= DINAR.
5.TODAY THE VALUE IS 1 DINAR = 5 PAKISTANI PAISA.
6.THE BIGGEST NOTE DENOMINATION AVAILABLE TODAY IS 25,000/= DINAR.
7.IRAQ HAS THE 2ND LARGEST RESERVES OF OIL IN THE WORLD VALUED AT 10 TRILLION USA DOLLARS.
8.IRAQ HAS THE LARGEST RESERVES OF GAS IN THE WORLD.
9.THE QUESTION IS, WILL THE VALUE OF THE NEW IRAQI DINAR EVER BE ABLE TO REACH AT LEAST 20 TO 25 pakistani PAISA PER 1 DINAR EVEN IF IT DOES NOT REACH 2 OR 3 PAKISTANI RUPEES PER DINAR IF PEACE RETURNS???????
10.IF YES IN HOW MUCH TIME PERIOD???
Pierre Germano
1.FROM 1980 TILL EARLY 1990’S THE VALUE WAS 1 DINAR = 3 DOLLARS OR 180 PAKISTANI RUPEES AS 1 USA DOLLAR = 60 PAKISTANI RUPEES.
2.FROM 1990 ONWARDS DUE TO THE IRAN – IRAQ WAR AND THE SANCTIONS ETC, THE VALUE KEPT DROPPING TILL IT REACHED 1 DINAR = 0.31 USA CENTS.
3.FROM 2000 JUST BEFORE 2003, THE VALUE OF 1 DINAR WAS BETWEEN 1 DINAR = 2 AND / OR 3 PAKISTANI RUPEES.
4.THE BIGGEST NOTE DENOMINATION AVAILABLE TILL 2003 WAS 50/= DINAR.
5.TODAY THE VALUE IS 1 DINAR = 5 PAKISTANI PAISA.
6.THE BIGGEST NOTE DENOMINATION AVAILABLE TODAY IS 25,000/= DINAR.
7.IRAQ HAS THE 2ND LARGEST RESERVES OF OIL IN THE WORLD VALUED AT 10 TRILLION USA DOLLARS.
8.IRAQ HAS THE LARGEST RESERVES OF GAS IN THE WORLD.
9.THE QUESTION IS, WILL THE VALUE OF THE NEW IRAQI DINAR EVER BE ABLE TO REACH AT LEAST 20 TO 25 pakistani PAISA PER 1 DINAR EVEN IF IT DOES NOT REACH 2 OR 3 PAKISTANI RUPEES PER DINAR IF PEACE RETURNS???????
10.IF YES IN HOW MUCH TIME PERIOD???
Pierre Germano