Mnt Goat
The saga about the Iraqi dinar RV only gets better and better as the months roll on. Folks, we are almost done with this long journey. More and more pieces of the puzzle are put in place over these past weeks. We can now see the picture and see it clearly. It has become not a matter of “if” this event will occur but “when”. Iraq has given us further nuggets of information to speculate but with pretty good evidence that our speculative conclusions maybe spot on.
Nader From The Mid East
The facts are true. The changes are true. But the numbers are not true. Iraq cannot afford a rate like this anymore. They can't...Whatever you hear about [1400] and stuff like that don't believe it. Revaluation is coming for sure. Yes it is coming...it's not going to stop. They're going to keep pushing pushing and pushing and pushing...
Sandy Ingram
The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless. It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange. Most of these reserves are held in US dollars since it is the most traded currency in the world...The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history...
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