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wbuse984

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  15. Does Iraq actually have to raise the value?

    in Opinions, Perspectives, and Your Two Cents on the Iraqi Dinar

    Posted

    This is pretty good thread...I just view it as very complex issue and since a fiat currency can be valued out of thin air, TX's opinion is as valid as the others.  It is a combination and as SW said, going international requires an internationally traded currency.  As far as Vietnam goes, their wealth potential does not come close to Iraq's, and they have had decades to develop their economic infrastructure where Iraq hasn't...however, I believe there is an overall CBI plan on monetary reform, but the timing of monetary reform is a moving target affected by the aforementioned macroeconomic influences on Iraq coupled with the political environment.  Definitely making moves to improve internal issues within Iraq so that infrastructure can be built up (this can occur more quickly than you would think imo...just takes an influx of capital), but they are currently at a relative standstill regarding dealing with macroeconomic influences on the country.  It is interesting to watch...this is a hobby basically imo, just one that can perhaps at some time be profitable (hopefully not like painting where you work on the hobby becomes valuable only after you kick the bucket as it were).  Just my thoughts on things as they stand, they'll probably change tomorrow...lol...thanks for everyones thoughts tho!

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