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Message Subject Iraq an economic Study
Poster Handle calin
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Read this link. Just do it. You'll be very glad you did. I'm still not convinced their Trinity is not...oh, nevermind.

[link to dinarvets.com]
 Quoting: ReVbo™

I like this one better. It explains how it only costs Iraq $130 to exchange 10,000 dinar.

Simply put, it cost Iraq $130 USD from their foreign currency reserve accounts to redeem the value of 10,000 IQD, which goes into their operating accounts. At the same time the US got $10,000 worth of oil for a net cost of $6,500. Thats how it was originally planned for Iraq to RV at 1 IQD = 1 USD, with the variable being the political element (i.e. UN Sanctions, GOI actions, IMF actions, World Bank actions etc.)

Read more: [link to dinarvets.com]
 Quoting: calin

Is that from an older piece? I seem to remember reading something like that 6 months ago, or so. Either way, yeah, great piece!
 Quoting: ReVbo™

Yes... we read it before. A good reminder!
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