Iraqi Dinar Discussion Board

[Aerospace]

Iraq's total debt at the start of this thing was about $300 billion. That was a crushing amount they had no way to pay back.

But somehow you guys think Iraq will revalue to 1:1 making 26 trillion dinar worth 26 trillion dollars.
Currency is a LIABILITY. That would put Iraq $26 trillion in debt. They couldn't handle $300 billion, how can they handle almost 100 times that amount??

If it's as easy as some claim. Why didn't Iraq reval to 1:1 before. With 20 some trillion dinars that 300 billion debt would have been peanuts.

LOL... If they had revalued the 26 trillion to 1:1 they could have paid off the $300 trillion debt and still had $25.700 trillion left over.