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Re: RICK C post# 20081

Monday, 06/08/2009 4:52:36 PM

Monday, June 08, 2009 4:52:36 PM

Post# of 29692
what? hahaha, i didn't understand a thing you said. First off, a reval is nearly as rediculous as a "lop" imo. I do see the possibilities that the currency can inflate with value rapidly due to oil revs, however a reval... no.

Reval has problems same as a lop does in some respects.

A total reval of the dinar will adversely affect the iraqi economy. You can't just tell everyone that every dinar they hold is worth 10 x the amount. If a loaf of bread is a dime, then the next day it'll be a dollar.

You can't make an entire nation rich just upon a reval of a dinar. Makes no sense, I am looking for marked increase in value over the coming years.

Just a voice of reason for the modest reader.
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