Iraqi Dinar Discussion Board

[Runamuck]

THE IQD isn't going to magically RV or LOP it will appreciate over time. It was 2000 to 1 when they switched the currency its now at about 1170 which a pretty decent return. They also have funds tied up that they can not add to the reserves yet plus large amounts of gold.

With new oil explorations and 500 billions barrels as the mark for how much oil they have it will continue to climb if they stop fighting and start making money.

Kuwait is not a good comparison they have high profits low population. The Saudi royal is and it is .33 to 1 dollar. Iraq has as much if not more oil then Saudi. Last real check of reserves was 1970 without all the high tech equipment.