Having Iraq’s currency on the World Market constitutes an RV occurring, ok, point made…
Saddam Hussien’s Government was overthrown and the Saddam Dinar phased out in fall of 2003. There was an approximate 60 to 90 day period for the old Saddam Dinar to be cashed in for the Iraqis and those working in Iraq. This phasing out period imposed a time period to cash in old Saddam dinar or face a strong devaluation of the old currency. The reason for the cash in period was because the old currency was being discontinued due to the new Iraqi post Saddam Government.
Whenever there is a rumour that is untrue it is my moral obligation to find out where the leg grew from, a figure of speech. I can tell you this, the leg grew from what happened with the discontinuity of the old Saddam currency.
The World Bank will have nothing to do with a revaluation attempt that involves a cash in period which is purely a function of a devaluation. Hypothetically speaking, if the World Bank executed an RV and put the Dinar on the world market, the World Bank would then have to pull the Dinar back off the market after 60/90 days and make the currency restricted again like it is now. A total farce.
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That would be a dumb thing to do, and what a mess it would make. You have to be a dumb bunny to conjure up something like this and even dumber if you believe it. Come on folks, let’s get on with waiting. That’s the only thing to do and the right thing to do.
Bailey, it takes years (decades for Vietnam) to have a currency enter the world market after War. The World Bank spent untold amounts of money to have Kuwait’s currency backed up after the Gulf War. You’d have a better chance trying to convince me that the world is flat.
These are the same prophets of doom that want the US to go down the tube. Good report! Thanks!
thanks stan
Darren, I was referring to “What if the world Bank pulled a total farce like you stated and like the myth you were referring to and all the crazy rumors” My apologies for not clearing this up.
Yes Edward I knew you were talking about that, I just went off on a tangent for others who are reading. I kind of changed the subject.
Where is Jennofer, I always enjoyed her posts?
I bet she’s reading the blog ; )
why is this site so quiet, I always enjoy reading the posts?
Marvis, i agree with you 100%. this site is super quiet with no news or updates. what is going on here.
Humberto, I have been posting once a week as always. As for the comments from bloggers, a few regular comment bloggers stopped posting once I start the login to comment. The spam is gone but some posters are not posting, they will come back in time.
think I prefer this site because it has the most accurate info, perhaps that is why it is so quiet as there is nothing but rumours that are flying around the other sites. But I do miss Jennofer as she posts very interesting information. Let’s hope for the dinar to rv soon.
thanks mavis
Hi Darren, guess there hasn’t been any truths out there to report as the site is extra quiet. Is Jennofer still on this site, I do miss her posts?
Lots of rumours everywhere. Go dinar……