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Aerospace

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Aerospace

Re: Panhead post# 24009

Friday, 04/09/2010 1:02:09 PM

Friday, April 09, 2010 1:02:09 PM

Post# of 29692
Thanks for posting that Panhead.
That proves another thing the gurus have said for years is a lie.
That Iraq can back the currency with oil.
That is not true and this clearly explains it.
Iraq currency is backed by foriegn currency reserves, and that is only gained with SURPLUS oil revenues.

Dow Jones Newswire: A current 25,000 Iraqi dinar banknote will become IQD25, and a dollar will equal only 1.17 dinars.

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