Replies to post #24022 on Iraqi Dinar Discussion Board (IQD)

[sportfisher]

However, he believed that the lifting of the three zeros will not change anything because the factors affecting the exchange rate of the dinar against foreign currency depends on the surplus that is supplied by oil revenues.
Provides lift the productive capacity of large oil revenues diminish the value of inflation, and thus raise the value of the dinar by providing a surplus of foreign currency.

thanks Aero, your post shows that a LOP is not necessary, because the value of the IQD increases through the mechanism of selling oil for foreign currency. Then they auction foreign currency supply as needed for IQD which brings it back in "out of circulation" (as you have proved for us) thus, increasing the value of the IQD. And they sure do have a bunch of oil huh!!!