I have been unable to find answer to this question anywhere. ...like it is being avoided..but ill try again. ...there are trillions of Dinars outside of Iraq alone, so when rv happens, where will the quadrillions of dollars come from? Seems impossible, unless rv comes in form of lop(which is how 90% of countries revalue) or just an in country rv
Still little confused. So say value of gcc currency is at the2.67 level. What does that do to value of the saudi royall which is lower than that? And please excuse my ignorance on this.
The GCC is creating a new currency for the region. So my question is. ...how will it be valued? An average of their current values? would it make sense to own Saudi's riyall since it is lowest value of the 4?
No, it is just that he needs an excuse as to why it didn't rv this year to keep his business going and his income flowing which you guys provide. SO GULLIBLE.
Really? Why does everyone think any news out of Iraq means that even is near. Must be new to site. Didn't you guys read the part that said " standard proceedures"? its obvious that this is no rv news, however it does show how desperate people are to jump on anything they hear without using their common sense.