Iraqi Dinar Discussion Board

[TenKay]

You can't compare "valuation" of the dinar to other currencies (particularly the GCC countries) because they are pegged and not free floating in the market.

As for the budget...the "valuation" issue is what they are dealing with. There is pressure to devalue because of the price of oil because they don't have access to much debt financing. The governments internal commitments are in dinar so they need more from oil and when the price drops they only way to make up the difference is to devalue the dinar. Politically it is risky because of the economic impact to the common Iraqi.

Iraqi dinar will never be a viable investment in any sense. There is zero upside. It is only a question of how much a person will loose.

The entire Iraqi dinar scam universe was built on a completely fabricated narrative about what happened in Kuwait after the 1st Gulf war.

But for those that bought into it...it is probably hard to accept.