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Iraq an economic Study
Ms Sans Serif
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[quote:seeker2:MV8xNzI0NTM4XzI4NjQ3MTc2X0Q0NTQzMDcy] [quote:calin:MV8xNzI0NTM4XzI4NjQ2Mjk1XzY5MjQ5NTdB] Found this on DV. So unless the Chap 7 is resolved, no tradeable currency? It can RV in Chapter 7 but it would not be in the best interests of Iraq to do so. Under Chapter 7, the IQD will still be a non tradeable currency not accepted by the world community. If it did RV then it would end up costing Iraqi more to pay it's obligations. Kinda like cashing in your bonds before maturity. Read more: http://dinarvets.com/forums/index.php?/topic/95669-iraq-was-denied-exit-from-chapter-7-today/page__st__20#ixzz1ghkynq7S [/quote] Not sure how this poster came to the conclusion that an rV would cost Iraq more to pay its obligations. Makes no sense to me. sk [/quote]
Iraq is rapidly becoming a force in world economics due to its oil reserves. What do you think the effects will be on the world economic stage. sk
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