Replies to post #18943 on Iraqi Dinar Discussion Board (IQD)

[Rasica]

I see. So how does that relate to all the millionaires and billionaires who made money buying in at $.10 and selling at $3.00+?. Keep in mind their land mass is only 1/6 that of Iraq where-with on 1990 the Iraq Dinar & Kuwait Dinar were of equal exchange rate bound by Hussein who like the democrats absconded and plundered the working citizen's hard earned money.

War hit Kuwait first they recovered and now Iraq is presently recovering from war with far more infrastructure work to be accomplished for their remaining 5/6 land mass possibilities at Oil recovery. This is important to realize because in one year post war Iraq 2008, Oil revenue was nearly equivalent to Kuwait's GDP.

One can argue that equal footing with Kuwait was not real because of the absconding by Hussein, who for all intent and purposes artificially made the Iraq Dinar equivalent to the Kuwait Dinar. That said, it means the money was there (horded by Hussein) but it was not really realized on the open market. When Hussein did steal money from Kuwait they made Kuwait's currency obsolete and they had to use Iraq Dinar. So really the argument about getting in at $.10 always had its risks & draw backs..but those who invested became millionaires/billionaires overnight on the reval..thats an irrefutable fact.

So all in all, that was Kuwait's draw back and caused the value to be at $.10. Those who invested realized America was there to help an ally and restore her..they did w/o the kind of damage to infrastructure that Iraq has suffered. Thus, Iraq Dinar is at $.0009 with a new unified currency which started at a volume of 5 Billion Dinars in 2003.

Now I wanted to point out another assessment of yours, that you made earlier this year, which is incongruent with the idea of buying back the Dinar to simply inflate the market place again with more Dinars.

###########################

Previously posted by Aerospace on Date: Saturday, May 17, 2008 6:51:37 PM

"Iraq makes money by selling oil. They get dollars for the oil. They then use those dollars to buy back dinar to fund the budget. Well.. as they have changed the exchanged rate, their oil dollars buy back LESS dinar now, so they have to spend more dollars to buy back the same amount of dinars."

Aerospace

##########################

With that said, as you did above this past May, you do acknowledge that the CBI is buying Back the Dinar and at a rate of up to $1.5 Billion /Month. Most importantly however, is the fact they you acknowledge the CBI buying back to finance the budget and NOT to inflate the market place with more Dinars.

Iraq once the infrastructure is up and running, will be a monster compared to Kuwait. It is true, Kuwait has unpegged from the USD and right now they are inflating their economy by printing more/releasing more Kuwait Dinars into the economy. Iraq & Kuwait held equal exchange rates back in 1990. Kuwait a 6 month war, Iraq a 5 year war, and Vietnam an 18 year war with the U.S. Vietnam was never ever close to the Kuwait exchange, but Iraq was albeit not directly at that time.