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It sucks that currency is soooooo far down the priority list over there...
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I don't know if you're familiar with Cryptocurrency and Bitcoin etc. But there are a lot of people who have good reason to believe that it will be the neutral world currency of the very near future. More specifically I've heard that this will replace all forms of currency worldwide among other major changes... I'm wondering if you have any thoughts about how this could effect our investment?
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That sucks... "The coming days" doesn't that mean in like 12 years in Iraq?
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I don't know why people still think they can't or won't say they're raising the value before actually raising it. They say this type of stuff all the time. There has yet to be millions of people bombarding them to buy all their dinars up... There isn't nearly as many people paying attention to them as you all think, and they prove it time and time again. "Keep up with the dollar" "Reevaluate the currency" Blah Blah Blah etc. etc. They can speak freely and say whatever they want. The masses of investors still haven't jumped into this with all their money. And they never will... - Maybe if they say in plain english we're raising the value to be $3.00 for every dollar next Friday then people would flood through and actually try to buy into this... Anything other then that is no worry.
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When they revalue it, no matter what number it goes to... Let's say it's .10 cents hypothetically. I think everyone pretty much agrees it will still rise from there. If that's true, will they announce to the dinar holders that there is a certain amount of time to exchange yours? Or will that time limit be a mystery to everyone?