Kaperoni
The dinar cannot go up in value until Iraq diversifies and creates significant economic growth. The current conditions in Iraq will continue to keep the dinar weak...Until they pass laws...there will be no change. We have a window now over the next three years...
Pimpy It's definitely going to revalue. They're under sanctions, as soon as the sanctions are lifted and Iraq can get their crap together then definitely it'll be done...If they remove the sanctions I'm curious to see if they're going to go up in increment or are they going to just reinstate the $3.22 rate. That's always a possibility..
But where are you going to redeem your dinar at if they are still
under sanctions?
Released from their sanctions that's what we're really waiting for.
So even if we woke up in themorning and you found out the Iraqi dinar had been reinstated to$3.22, Hallelujah, We're rich right?!? Jumping around celebrating.
But where are you going to redeem your dinar at if they are still
under sanctions?
Your options are going to be very limited here inthe United States. Chase Bank still deals with the Iraqi dinars butnot a lot of other companies or banks do just because of thesanctions...Will they be released from their sanctions before the
revaluation or if they do an RI will they be released from their
sanctions?
revaluation or if they do an RI will they be released from their
sanctions?
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