Iraqi Dinar Discussion Board

[Aerospace]

You are exactly right Strong. Iraq just like all the other oil producing countries will never have their currencies on the FX. They may be entertaining the thought of once they all join the GCC, then that currency could truly float and be traded on the FX, but I seriously doubt that will happen. As you state, countries strive for STABILITY in currencies. Countries that rely almost solely on Oil for their revenues would have no chance of price stability… just look at oil prices over the last year. That’s what their currencies would have done and it would be a nightmare for them.
As I stated years ago. The dinar is fairly priced where it is. It may go up to 1000:1, but that’s about the best it will do. If they couldn’t substantially move it with $145 for a barrel… how can they possibly do it with $30 a barrel.
The money maker with the dinar will be to set up a way to get dinar back into Iraq for exchange when they introduce a new currency. Big money available there.
Step on a dealers toe!!