Just a newbie question. but wouldn't the value have to be based on something such as the reserves of oil and natural gas they have in the ground? And wouldn't the amount of Dinar in circulation at the time of revalue have some effect on how much each Dinar is worth relative to Iraq's potential GDP? If they have a lot of oil they can make the Dinar RV higher. But if they keep printing, they are lowering the potential value of that currency. It shouldn't RV at a high value unless there is sufficient oil reserves to back the assigned value.
IMHO, Iraqi's are not planning on RVing high so we can all become rich. Given the large amount of Dinar in US hands, I am thinking they are looking for every way they can to screw us out of as much as possible. With back of the envelope math, we have over 1 trillion Dinar ($1 billion in sales at least at 1 million dinar per thousand dollars), And, that is not counting the government. I'm thinking they don't want to give us too much of that. I'm thinking we may see a better value as their economy starts to get back to normal.. I'll be happier with $3.22, but I'll hold on for a while if it comes in lower.
... A..a..a remember. ...newbie
