Aero- I agree 100%, the average Iraqi will neither benifit or lag on a reval. If they make lets say 200 bucks a month /290,000 dinar, that dosn't change anything. Just for figuring purposes a 1:1 reval means now they take home 290 dinar a month. All the goods and services they pay for monthly will adjust accordingly and will be in reality no change to intake or outgo of costs. Now if he/she has 100,000 dinar in bank in savings that is a different story. Of course they would now have in turn 100,000 dinar- which now equals 100,000 US dollars in savings. So in retrospect with the average citizen with minimal savings-as the same here in the USA, the average Iraqi will continue life and job income and spending monthly to sustain life at the same clip. Versus a citizen that had savings of a bunch of dinar thatnow is worth a bunch more. In my opinion, only a small % of Iraqi citizens will make $$$ just exactly the same as here in the states with a reval. An important point here is the fact that anyone in Iraq that just happens to be in the position to be holding a larger amount of dinar will advance substantially in his/her financial position, just as any one here in the US would do the same. All in all if an Iraqi is paying a 1.25 per gal. of gas in usd then they are paying a 1.25 in usd per gallon. Whether thats 1812.5 dinar or 1.25 dinar per gal. The fact is once all the oil starts getting shipped out at the rate per month { I beleive they are shooting for 2.5mil bpd ) and add that all in to the gdp #'s, the value of currency will rise. The value of the country, oil, $ its making,the stability of this income from current economy, currency, etc is priced already by the world and market trade @ 1450 dinar/usd. This currency will most likely appreciate within 2-4 years within the .01-.50 (usd) range reguardless of # of dinar in circulation. Your thoughts.
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