[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:Thanks tt10.. That's kinda like I'm thinking... And yes I might cash in some at $.10 to pay off everything but I'm really thinking over USD $1 to stop the USD being used in Iraq and their dinar to be used and gain respect again..
Guys and Gals:
You know I have not been the most popular guy on this site lately.
But - really - what I hoped would happen - is that a conversation would start other than RV $3.41 to $1 and thanks to you - it has.
I do not pretend to know the method or opening amount to a change in value
of the Iraq Dinar. But - at least we are looking for alternatives.
I still do not believe that, a country of Iraq's assets , can have a worthless currency. But - they are still doing all the things to make sure it remains so for now - I.E. - AUCTIONS
Why Auctions for Iraq - has been said - that that is how Iraq does Dollarization - Really ?
The pitance that they raise dollars through auctions is a joke.
Also - OIL is sold all over the world in PETRO DOLLARS (which is US Dollars)
you are telling me Iraq can't achieve dollarization through that ?
There is a reason for destroying and continuing to destroy the value of the Dinar - IF THEY CHOOSE NOW TO CHANGE THAT - it won't be abrupt - because so far the system has worked just fine without it.
Argument for 1-1 rate is strong one Hope they don't do what Equador did in 2000 - that was dump their currency and go exclusively to using US DOLLARS
That's right - The official currency in Ecuador is the US $
You see if Iraq can raise Dollars through Oil - a simple solution to their currency problem, is change to the Dollar - most people in Iraq are used to that all ready and the Dinar Currency problem just goes away.
You - see - there are many solutions - not just an abrupt change in value.