Shick Posted July 8, 2013 Report Share Posted July 8, 2013 1 for 1 could be the final agreement, the 0.10 maybe detrimental to the dinar, makes since to me, I'm on board IQ. Link to comment Share on other sites More sharing options...
rulesforrebels Posted July 8, 2013 Report Share Posted July 8, 2013 I personally think that the Iraqi dinar will be revalued to no less than one USD dollar. If the Iraqi dinar was revalued to just only $0.10, then thousands of people would exchange their old Iraqi dinar for USD then they would purchase the new Iraqi dinar at $0.10 and wait for it to rise to a much higher value against the USD dollar. If this happens, then this will cause the supply of new Iraqi dinar to dry up. So logically, the new rate has to be a higher rate rather than a lower rate to avoid the new Iraqi dinar being dried up. People speculate on currencies alll the time. A few years back the pound was at its 20 year historical low many people were buying pounds didnt cause the currency to dry up. Also tho some people may biy at 10 cents many people will be selling off as well Link to comment Share on other sites More sharing options...
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