Pimpy
When you hear somebody tell you that, 'Hey in one country you cannot move forward and rebuild with huge projects with an exchange rate of 1,320 of your currencies for $1' just say, 'Oh yeah? Look at Vietnam who has 26,000 of their currencies for every $1 and they continue to move forward.'
---Pimpy
Sudani is really doing a remarkable job. ...This project [oil pipeline] he's getting ready to fund, if it's successful and he pulls this off, this is really going to change the landscape for Iraq, especially against other oil powerhouses in the region...This is going to be a pretty big move.
An RV and a revaluation is the same thing. People often confuse a reinstatement and a revaluation...they're two different things...Not only is a revaluation possible but Iraq has done it a few times already ...Iraq revalued their currency or I should say in this case devalued the currency, it went from 1,190 dinars, dropped down to 1450 then revalued up to 1,320 dinars. So when people say, 'Man the Iraqi dinar is never going to revalue.' I always go, 'What do you mean? It has revalued a few times already. As a matter of fact, several times over the past two decades.'