RonaldU Posted March 19, 2010 Report Share Posted March 19, 2010 What would stop Iraq from closing there borders and then do the RV, RI or god forbid a lop? Leaving any Dinar Cash not in Iraq to be worthless?Any insight would be greatly appreciated. Link to comment Share on other sites More sharing options...
teenager Posted March 19, 2010 Report Share Posted March 19, 2010 What would stop Iraq from closing there borders and then do the RV, RI or god forbid a lop? Leaving any Dinar Cash not in Iraq to be worthless?Any insight would be greatly appreciated.They would lose all creditability around the world and the country would slip into ruins because no countries would support them from that point. What you mentioned would be economic suicide. Link to comment Share on other sites More sharing options...
tommy17 Posted March 19, 2010 Report Share Posted March 19, 2010 you should not be invested in foriegn currency if you worry like that. Link to comment Share on other sites More sharing options...
Dinarkicker Posted March 19, 2010 Report Share Posted March 19, 2010 Not only this post but others with concerns on the IQD, remind me of the episode on the "King of Queens" when they take their extra money and invest, then take it out, then put it back in only to loose what could have been a good thing. This type of investment is new to me but like anything else there is no guarantee, so sit back watch, and enjoy the ride people. Link to comment Share on other sites More sharing options...
TklMonster Posted March 19, 2010 Report Share Posted March 19, 2010 We occupy their country. Do you really think they could close their border on us? Link to comment Share on other sites More sharing options...
^theStig Posted March 19, 2010 Report Share Posted March 19, 2010 iraq wants an internationaly tradable currency. just doing an inhouse rv/ri would defeat that goal. look at n korea who just did a inhouse lop/revaluation, which failed badly. Link to comment Share on other sites More sharing options...
Deneco Posted March 19, 2010 Report Share Posted March 19, 2010 N. Korea just EXECUTED their financial chief for their botched RV! Guess the people were unhappy! Link to comment Share on other sites More sharing options...
Chief V Posted March 19, 2010 Report Share Posted March 19, 2010 Not to mention they alledgedly executed the Finance Minister for the failure! Link to comment Share on other sites More sharing options...
Linda Bower Posted March 19, 2010 Report Share Posted March 19, 2010 People are probably not lining up for their jobs! Link to comment Share on other sites More sharing options...
Teresa82 Posted March 19, 2010 Report Share Posted March 19, 2010 Dang, maybe that's why they are taking so long! No one wants to be the one that is to blame if it all goes south! OUCH that's gottta hurt! Link to comment Share on other sites More sharing options...
Mongo Posted March 19, 2010 Report Share Posted March 19, 2010 What would stop Iraq from closing there borders and then do the RV, RI or god forbid a lop? Leaving any Dinar Cash not in Iraq to be worthless?Any insight would be greatly appreciated.The rest of the world!!!!! Link to comment Share on other sites More sharing options...
morland Posted March 20, 2010 Report Share Posted March 20, 2010 Camel Spiders Link to comment Share on other sites More sharing options...
morland Posted March 20, 2010 Report Share Posted March 20, 2010 they wouldn't stand for it!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Link to comment Share on other sites More sharing options...
ladwiss Posted March 20, 2010 Report Share Posted March 20, 2010 Take a couple of Luminesa's and let your eyes get heavy,your worries will go away... Link to comment Share on other sites More sharing options...
bigd1619 Posted March 20, 2010 Report Share Posted March 20, 2010 Ali has banks here and in Iraq, you would still be able to cash in with him. Link to comment Share on other sites More sharing options...
jmw Posted March 20, 2010 Report Share Posted March 20, 2010 it's not possible...they would have to close their borders forever. However, they could redinominate and have a limited time for a currency exchange....but I don't think they could do it in a timeframe that would allow them to close off their borders so there would still be options available to exchange. You can't have a limited time RV, what would you do go back to the old rate? 1 Link to comment Share on other sites More sharing options...
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