Iraqi Dinar Discussion Board

[Aerospace]

If Iraq sold every bit of oil they have in the ground, about 200 billion barrels. If they could somehow sell it all at once, at say $80 a barrel. That would get them a one year GDP of $16 trillion. Then their GDP would plunge back to about $5- $10 billion a year after that.
The United States GDP is about $12 or $13 TRILLION every year.
Iraq also has the problem that they have 4 times more currency to support than does the US.

The reality is that Iraq’s GDP is currently at about $80 billion a year.
That is 160 times smaller than the US. That means they need a 16000% increase in GDP just to equal the US GDP, and since they have 4 times more currency, the really need about a 64000% increase to get the currency to 1:1. That would be a GDP of about $52 trillion.
LOLOLOLOL… the whole world GDP right now is about $70 trillion. Do you really think Iraq’s GDP is going to equal the rest of the world put together. LOLOLOLOLOL.

Can’t wait for “the Dinar will be let loose (free Float) with the GDP/GNP.”