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Friday, 02/02/2007 1:59:16 PM

Friday, February 02, 2007 1:59:16 PM

Post# of 29692
email from iraqi merchant-take it for what it is. i recieved this email this morning-

Many thanks for your kind email , and I wish that we can make good business together in the future , the economy in Iraq is very bad even the situation the the worst from Mongolian Occupation of Iraq till now , it is the worst in our history and we are just like Vietnam in the Sixties of the last century , Even of all of that the Iraqi currency value is increasing , and this is because we have heard that Iran will change it hard Currency fro Dollar to Euro , therefore all the Iran dollars are coming to Iraq , therefore now in Iraq the quantity of US$ is more than the quantity of Iraqi dinars in the market , therefore the US$ value is decreasing and this will make the Iraqi dinars value increase , few months ago , the exchange rate was
1500 ID = 1 US$ and now 1300 ID = 1 US$
And this is the situation of non logical Iraqi market .
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