Perhaps because the "agreement" you mention doesn't exist? I had better get my fortune from my I won't stand for a dirty trick to rob me and all those whom purchased Dinar with hard earned cash! I will personally destroy Iraq's oil reserves value with my energy production invention! With corrupted Islamic parties and dignitaries, no series step will be accepted by the huge number of government idle employees. The streets will be filled by demonstrators who shout to the week corrupted government.
Iraq is full of resource but the stupid and evil politicians made things go the wrong way. Iraq needs faithful and responsible politicians to tackle the reform and get the dirt of the cheap politicians to the garbage dustpans of history where they belong.
This is very interesting. Look forward to each report you send. As with all of those who have invested in the Dinar, yes we look forward to seeing the revalue of this currency come to fruition soon. They said devalue against the US dollar which means that the Iraqi dinar will actually be worth more. Maybe the people who are complaining should reread this and maybe try to understand what that means. What is the real truth of the dinar, when and will it ever come back to at least 1.
Joe , I know a widow that has 10's of millions of pre-war Dinar that is worthless. Before her late husband died he was a victim of the Iraqi Dinar scam that so many people fell prey to. He mortgaged their home for all it was worth to buy the Dinar leaving her with absolutely nothing. I am trying to find a reliable source of information to see if there is any chance of her recovering even a fraction of his foolish investment. Can you please give me any recommendation?
What is your opinion? Brutal honesty is appreciated. I have never been to Iraq but I spent several months in Jordan and a short time in Syria back in the 80's. It was a different world back then. I need some advice if you have the time to reply.
Iraq had a stable history until the year Pegged to either the British Pound or the U. Hussein began. From to , Iraq was terrorized by Saddam Hussein. The citizens were horrifically abused, the economy failed and Hussein stole from the banks. Hyperinflation made the Iraqi Dinar essentially worthless. The U. The Iraqi political situation continues to be unstable. Iraq is basically just an oil producing nation, even at top production.
Oil is sold in U. The rest of the world has absolutely no need for Iraqi Dinars, only a need for Iraqi oil. Iraq is recovering from the reign of terror that was brought on by Saddam Hussein. The country has rebuilt some of its infrastructure to allow for an exponential growth opportunity in the oil industry. The government of Iraq has a plan to deal with ISIS to create additional financial stability for the nation. They have a plan because they intend for there to be an economic change.
Now what do you suppose the "highly qualified economic experts" are saying that change will be? Here is a fact as I know to be true. It's not really a "revalue" as much as a "reinstate". Related posts: No related posts. The dinar is what it is. Back when the new dinar was issued in , they gave 1 new dinar for each Saddam note.
BUT, then gave new dinar for each original swiss dinar. Back in , Iraq has about 38 billion dinar in circulation. Today, they have about trillion, That dilution is why the dinar rate is low. Not any program rate or any of that other nonsense. Do you homework folks.
Use common sense. Of course it's going to reinstate. It has to just by basic economics. You're going to issue small category notes to the citizens of Iraq worth a negative number? Who would believe that? When it comes to the Iraqi dinar, caveat emptor or buyer beware should be the watchword.
Your Privacy Rights. To change or withdraw your consent choices for Investopedia. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page. These choices will be signaled globally to our partners and will not affect browsing data.
We and our partners process data to: Actively scan device characteristics for identification. I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear.
0コメント