Replies to post #20334 on Iraqi Dinar Discussion Board (IQD)

[Mr. Bill]

Thier currency is also backed by the future value of their oil which is skyrocketing in value compared to the USD

Besides the IQD has went from 1450 to 1150 a 21% gain against the USD

How much of that is USD weakness and how much is IQD strength?

Will future Oil deals with China strengthen or weaken Iraq?

At some point will they insist in being paid in something other than USD for their oil?

The argument about how a currency is backed should apply to both China's and Japan's currency as well since they both have substantial USD holdings.

Why have those currencies strengthened as the USD has lost value given your above hypothesis?