What does Iraq need to rebuild their country to become more prosperous?

[johnnyleo]

As we all know that after all remaining U.S troops leave the country and back to the States, Iraq has to stand on it's own foot to begin rebuilding the country. Now, Some questons come up in my head, what does Iraq need to rebuild their country?Cash money. But, How does Iraq get Cash money to rebuild their country? From RV only or selling their oil & gas & other natural resources or foreign direct investment or others? If , this is just an assumption, you were Iraq government, what is the best way to get money cash to rebuild your country and make your own people"s lives more wealthy and prosperous?, ?What are the advantages for Iraqi people to RV their dinar?increasing buying power only?Do all Iraqi people get very wealthy when dinar RV if they still hold dinar ( unless they change their dinar to their foreign currency and move out to otheir country)?On the other hand, Of course when Dinar RV, all foreign investors will get wealthy suddenly as long as they change their dinar into foreign currency, like US dollar, etc. Please I need the right answer from whoever someone expert and anyone here can give some opinions, I will be appreciated. Thank you everyone here for helping me out.

Edited December 29, 2011 by johnnyleo

[jaman]

what they need is a kick in there butts.....JMOP, it seem to me..me..me instead of...what good for us

[Luigi1]

Iraqis in country will be able to go to any bank in Iraq & purchase USD with their IQD after RV. The USD, IQD & new RD currencies will co-exist for at least 2 more years after RV.

There would be riots in the streets if only foreign IQD holders were allowed to cash in.

[lotsofdinar]

Luigi1, there are a few of problems, in my opinion, with your scenario. Where, following an RV, would Iraq get trillions of physical USD for their people to exchange dinar for? And, secondly, what good would the USD be to the Iraqi people unless they planned to move to the U.S.? The Iraqi government has stated many times they want to stop the use of USD by the people in country. After an RV, that's exactly what would happen. Third, if the Dinar becomes worth the same, or more than, the USD, why would the Iraqi people want to cash in their Dinar for USD?

Edited December 29, 2011 by lotsofdinar

[lomeygoat]

I was under the impession they wanted the people of Iraq to us the Dinar and not continue using the USD. A country would want its own currency. Thats why they would RV so the Dinar would be worth the same or more than the USD.

[DinarDana]

Purchasing Power! They can purchase more. If the foreign currency is to RV to .86 USD from .00086 this means the Iraqi citizen can purchase more because prices will decrease by three 000's, they can decrease prices because it will cost less to import. This is what I understand.