Iraqi Dinar Discussion Board

[Rasica]

Such a pump/dump tactic with holes as big as texas.Iraq is operating at a huge windfall of doubling their revenue in 2008.

With regards to Iraq spending $1 to $1.5 Billion/month, buying back the Iraqi Dinar off the Open Market since June 2008, I see nothing that would point to a cessation. Granted, the Iraqi Government will have to end at some point, other wise they would buy all the dinars on the open market within 10-15 months or so. It simply depends on how many Dinars they have decided to reduce the open market to.

http://www.nytimes.com/2008/06/21/world/middleeast/21security.html?hp<br>
By STEPHEN FARRELL and RICHARD A. OPPEL Jr.
Published: June 21, 2008
Page 3

..... rate might be a good deal higher without the central bank’s aggressive policies. The bank spends $1 billion to $1.5 billion every month in oil revenue to buy Iraqi dinars on the open market, said Mudher M. Salih Kasim, senior adviser to the bank. This is the main lever for controlling consumer prices, said Kasim, who noted that the value of the dinar had risen about 20 percent against the dollar..........