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04:24 PM

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Message Subject Iraq an economic Study
Poster Handle seeker2
Post Content
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: [link to dinarvets.com]
 Quoting: calin

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
 Quoting: seeker2

So, if it is not tradeable, would there be any currency changes?
 Quoting: calin

Not sure what he means by trade-able. Did you buy some. Is the dinar listed on forex sites. hmmmm. Banks in the Us have been buying and selling. So it seems the whole post doesn't make much sense. sk
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