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Originally Posted by FutureGizmo
. there are good resources on the net explaining why this iraqi dinar boom may not actually be what these websites hype it to be.
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Originally Posted by webladybug
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Originally Posted by webladybug
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Investing in a country's currency is tantamount to investing in that country's economy as a whole, not in any single commodity. Investing in the Iraq Dinar is not the same as investing in Iraq's oil. |
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Originally Posted by golddust
... and other content found at this link;
Quote: FROM: http://www.xe.com/iqd.htm - Investing in a country's currency is tantamount to investing in that country's economy as a whole, not in any single commodity. Investing in the Iraq Dinar is not the same as investing in Iraq's oil. ... and other content found at the above link; worthwhile read for anyone considering this investment. golddust |
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Originally Posted by jojomataketa
yes, very intereting points..I still would like to risk a couple of 100 dollars...but I need to know a real legitimate source, other than HYIP admins, to buy from....Any ideas?
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Originally Posted by golddust
I share both your concerns, the second moreover the first. (If Iraq is to succeed, it will need currency of some value, and it can only go up).
Do you have other ideas for methods the dinar can be circulated, if not by the current online opps that exist? golddust |
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The major risk (to dinars) is that Iraq will remain unstable and unable to produce sufficient oil to create a economy capable of economic growth. A stagnant Iraqi economy will not allow the Iraqi Dinar to have value on the world market. Another significant risk is the problem of inflation within Iraq reducing the value of the Dinar by pushing volumes of Dinar into the market to purchase needed imports. |
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Iraq signed an agreement to protect investors from arbitrary actions Iraqi Finance Minister, Baqir Jabr Zubaidi, announced that Iraq signed an agreement on Saturday (10/20/07) with the International Agency for Protecting Investment by which the World Bank will allocate $ 17 billion to protect investors in Iraq from any possible arbitrary action. Al-Zubaidi added that he ended preparations with the International Monetary Fund to make a draft convention according to which Iraq is committed to a number of conditions relating to the financial and banking policies in return for writing off most of Iraq's debt by the Fund, pointing out that the agreement will be signed as final with the end of the current year. The Iraqi minister admitted the state of administrative and financial corruption involving all levels of the State, but reduced the importance of the accusations made by the former Chairman of the Integrity Committee, Judge Radi Hamza Al-Radi, pointing out that most of the issues raised recently concern governments that preceded the government of Nuri al-Maliki, and attributed the causes to the incomplete control authorities at the time. Iraqi Minister of Finance confirmed that the United States considers concluding commercial, economic and investment agreements by the Iraqi government is an internal Iraqi affair. He explained that the project of building an electrical station in Sadr City was won by Iran because of the better specifications provided by the Iranian side. Minister Baqir Al-Zubaidi criticized the delay in supplying the Iraqi armed forces with American weapons by the United States, within a deal financed almost a year ago; it was reported that the American Defense Minister Robert Gates said that the reasons for the delay in the arrival of weapons to Iraq are due to what he described as bureaucratic factors. Source:Iraq Directory |