correct me if I'm wrong

[kobhe911]

Actually a question, why, if I use a conversion calculator, is Iran's currency worth a 10th of what Iraq's is currently? If I were to purchase Iran's currency at the ratio of Iraq's it shows to be worth $86 if I had $1000000 worth of IRR(Iran's currency). Is Iran' currency actually worth less then Iraq's(it appears to be worth a tenth of what Iraq's is), that makes NO since to me, are they more "depressed" then Iraq?

[Nani?]

I will not correct for I too am wondering the same thing.

[harleyrider1]

Iran's currency IS worse about 1/10 of Iraq's. Hard to believe, huh?

[kobhe911]

Then we have neighboring Kuwait at $3.60, I'm just curious how does Iran survive at a tenth of what Iraq's currency is worth in today's market. We keep saying that Iraq has to RV in order to be able to trade with other Nations/Countries, but do they, or is OIL enough?.....Just confused on how soon this really has to happen, thx Curtis.

[keepmwlknfny]

Then we have neighboring Kuwait at $3.60, I'm just curious how does Iran survive at a tenth of what Iraq's currency is worth in today's market. We keep saying that Iraq has to RV in order to be able to trade with other Nations/Countries, but do they, or is OIL enough?.....Just confused on how soon this really has to happen, thx Curtis.

Oil is apparently enough.....when people tell you Iraq has to RV, they either dont know what they are talking about, or they dont know what they are talking about... LOL

There is no deadline on Iraq raising the value of the dinar......Iraqs oil accounts for 95 or so percent of the revenue coming into the country and its all in USD....seems they are doing just fine right now...

[Markinsa]

The World is putting a strangle hold on Iran's Central Bank, they're not getting any currencies from other countries. Only a handful of countries are doing business with them. The value of the Rial has dropped 50% in the last two weeks.

-+

[kobhe911]

WELL, I guess that's why GAS prices are climbing and will continue into the summer, Go RV so I can fill my tank

[umbertino]

Iran's currency IS worse about 1/10 of Iraq's. Hard to believe, huh?

The Country is in deep doo-doo and has been for quite some time....Less and less Countries buying their oil for one....