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Increase in value = Bankrupt CBI


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Remember that all outstanding IQD are a LIABILITY on the books of the CBI !  It can only increase the value if it has the ASSETS (reserves) to MATCH.  There are 60T in paper dinar and at best 60Bn USD  in the reserves, although I suspect it is less. 

If the rate was increased to 1 cent the reserves would have to increase to 600Bn USD !  That is impossible today and probably ever.  The question is WHY would they do it ?  There would be a rush to convert dinar to dollars. It would be financial PANIC in Iraq.  But any dinar out of the country would still be worth a tenth of a cent .

Making a profit on the dinar is a DREAM. A 10 year long dream for some.   

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