Replies to post #7165 on Iraqi Dinar Discussion Board (IQD)

[dcjr4107]

Do you know what they are getting per barrel?

if it is inline with the us dollar then it would have a small effect on the value of the dinar? how much is the question?

This is a much bigger valuation then most of can even attempt to figure out. But if you peg their currency just to their oil that is not 100% of the pie. But oil has to be the biggest export and natural resource they have?

[Rasica]

Iraq's exchange rate is inseperable from their Oil especially when tied to the dollar. Its the dollar that is doing everything possible to build the infrastructure for oil. Iraq is actually sitting on the 2nd largest oil reserves, what else does Iraq do...make TV dinners?