I just find it funny that a lot of the people on here seem to be quite religious and believe that their god will bless them. However, the people who are "in control" of the RV actually happening are pretty much all Muslim and don't share the same god. Why would they want to make all the Christians and Catholics rich? I think they would rather have their currency and economy suffer than help people of other religions. They take their religion quite seriously over there...
What if they LOP then revalue to 1:$3? They still make 3,000 dinar a year, but now that 3,000 dinar will buy $9,000 worth of goods. Seems more logical than that 3 million dinar a year buying $3 million worth of goods in a 1:1 RV situation.
There is said to be about 33 trillion IQD in circulation which is worth about 30 billion USD. Iraq said they have 80 billion USD in reserves which means they are backing it by about 2.5 NOT 2500.
What situation would cause us to lose? Even with an RD they would at least put it at 1:1 and most likely 3:1 so we would still make 3X our investment. Correct?
I don't know of a scenario where we lose. They wouldn't just change the currency and any currency you have is void. I guess they could do an "in country" only but that doesn't put them on the international market which is what they want, don't they?
But on dinartrade, if I don't make the payment for the rest of the 90% I still get the 10% that I paid for... My plan is to put a huge amount on layaway, if it RVs I pay the other 90%, if it doesn't then I just get the 10% that I paid for.