I have been an investor for years, so im not a "newbe". Just because i dont comment on most of this ill researched RV rumour, dont make me a Newbe.
This will not RV overnight, it will take many MORE years,.
for one to understand the scale of this investment, It is not an overnight RV investment, who ever pumps this into you, is lying!
It plummeted overnight because it was in a warzone, now it will need MANY years after a war to fix a broken country.
Iraq needs years of infrastructure work.
The timeframe to see any return on this investment is atleast 2016-2017. But again, leaders can fall in days? turmoil can happen in days? eg. Egypt? Tunisia?
This is risky investment.
BBK
It will take MANY years for the dinar to be any close the the USD. it is not an overnight objective.
Iraqs economy will need to improve, it needs rights, trade, this takes many years for a war torn country. I would say atleast 2016 for a Dinar to be anywere near the USD.
BBK
Again, medic is coming up with a different story!
Now he claims the Govt forming was not an issue, but the budget is. And " it is close" , hes been saying that for the past 2 years.
Just give up Medic, Not even one of his info or source has been correct, NEVER!
Iraqs currency will increase as the economy strenghtens, and this will take many years after a war.
BBK
Can someone get an answer of Medic?
He said a couple of weeks ago " The RV has begun, its Official " when he was reffering to the large denoms going out.
Were is this so called RV? lol
Med:
NO AND BY READING THE CBI INFO
THEY SURE HAVEN'T BEEN TELLING THE PEOPLE
THAT ALL THOSE DINARS THAT LEFT THE COUNTRY
ARE MAKING THOSE WHO THEY SOLD TOO
FILTHY RICH
OTHERWISE EVERY IRAQI
WHO HAD AN ACCOUNT WOULD BE DRAINING THEM
AND TAKING OUT HARD CURRENCY
gator4ever:
MED they dont want to have a civil uproar
Med:
I THINK THEY WILL BE P*SSED
WHEN THEY FIND OUT IF THEY DID TAKE OUT THEIR MONEY
AND HELD IT IN HARD CURRENCY
THAT 73 BUCKS
WOULD HAVE BEEN 73K
Is med saying that currency held in Warka accounts will not change? but hard currency will? abit strange