Users Online Now:
GLP Poker Rooms
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
Iraq an economic Study
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:ReVbo™:MV8xNzI0NTM4XzM1Nzk2MDI1XzE3RTVFRTk1] [quote:calin:MV8xNzI0NTM4XzM1Nzk1NjgwXzhCNTgyMUND] Wow ReVbo! Give me your take on that? Love to hear it!! Don't see that on DV [/quote] Yeah, I can't believe this hasn't gotten more play. My take is pretty straightforward. I think Turki's comments speak for themselves. He says Iraq's wealth will be reflected in their currency, and that said wealth will strongly affect their economy. That doesn't happen with a few billion l-word-ed dinars. The l-word, as has been mentioned ad nauseum for years, is a neutral event that has zero effect pro or con on the local economy. He says they are currently in the process of taking measures to "assign or instill" the "correct value of the currency," which, to me, means the current value is artificial and, when they have finished their preparations, we will see the real rate. He refers to other major sources of wealth. I assume he's talking about the gold, phosphorus, and other resources, which will all contribute to backing the currency, and he says, specifically, that they will "soon" apply this wealth to back the currency. There's your asset-backed currency that has long been debated. It's still a question of when and how much, but this is as close to confirmation of an increase in value at some future date as we're going to get until it actually happens. In fact, I'd say this is actual confirmation, not just close to it. Still not completely sure about the 5%. Kap seems to think banks will get 85% of it, and the 5% means they have already collected most of the in-country physical dinar from the population. Banks still hold a lot of digital dinars, though, so they would, naturally, receive the vast majority of the new dinars. [color=red]kaperoni on the 5%: IMO they are talking about the distribution of the new lower denominations of currency in Iraq. He seems to say that the local currency traders will get this currency (about 5%) of what was printed. 10% will be held back for replacements, etc. and 85% will go to banks.[/color] [/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
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
Truth behind chemo: ‘These drugs were derived from WWI chemicals’
Wisconsin city passes ordinance to fine parents of bullies hundreds of dollars
Donald Trump is now the Republican nominee Trump to stand unopposed as John Kasich ends Republican nomination bid
5/04/2016 -- New Fault + Large crack in ground forms in Pennsylvania / East Coast USA
Greenpeace has leaked a copy of the Transatlantic Trade and Investment Partnership
Earth Houses 1 Trillion Species of Microbe, Only 0.001 Percent are Known to Science
Strange 'alien structures' captured on Lunar Orbiter circling the Moon 'are evidence of UFO colony'
Mystery aircraft stuns onlookers
The Drug-Sniffing Car.
Want to Know What Facebook Really Thinks of Journalists? Here's What Happened When It Hired Some.
New study prompts caution for all those taking diabetes medication: some drug brands may increase the spread of cancer
Software security group demonstrates how hackers can use ransomware to harm and potentially kill hospital patients
Consumption of rare steak may be infecting Americans' minds with a parasitic bug that causes anger and rage
ay 4 - J. D. Heyes It's not just in the meal, but the packaging: BPA toxicity in fast food packaging could lead to high rates of brain defects
CONFIRMED: Cancer is entirely a man-made disease
Mood-altering statins extend lifespan by a mere three days
SMOKING GUN: Michigan scientist told colleague to 'bump out' high lead test results to avoid having to tell the public
Are You Ready For “Lab-Grown Meat” In Your Future?
Minnesotta Man Has Microchips Implanted In Skin
White House Poised To Create First Monument To Gay Rights Struggle
Town Passes Law to Use Cops to Combat Bullying by Going After the Parents
Google Now Has Access To Millions of Patients’ Medical Records
United Arab Emirates Is Considering Building a Fake Mountain to Bring Real Rain
The Convergence of Medicine and IoT Will Change Healthcare Forever
The 6 Alien Species Currently Fighting for Control Over Earth
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd. Godlike™
Website Design Copyright © 1999 - 2015 Godlikeproductions.com
Page generated in 0.005s (5 queries)