8-31-2012 Chris: The US rolls with trillions in debt with substantially less than the Iraqis have in wealth. How does that prove or disprove the validity of a revaluation of the currency.
If anything it shows that these countries that extended debt forgiveness know the value of Iraq.
Hence why China is sending out a delegation to explore investment options.
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How would it throw a country into trillions of debt that makes an average of 6-10 billion usd a month in oil revenues (as seen in transaction files of the defense fund) not to mention natural gas revenues, no telling how many metric tons of gold and more.
The treasury is not so foolish as to continue to hold trillions of dinar if it was toilet paper.
Now many others have given substantial evidence in support of a revaluation of the Iraqi dinar. USD will not always be used on the streets of Iraq. They will pull the usd off but it will take at least 1:1 to do that.
Again, you are entitled to beliefs, perhaps when you come back with articles to validate your beliefs on why Iraq will remain co dependent on the usd and never place the dinar (their own currency) up to international standards.
Is that not why the push for IMF to pay Kuwait on behalf of Iraq, or debt forgiveness so other countries can advance their abilities to invest, in order to be fully released from chapter 7, to have their own democratic government, to have full control over their own monetary system.
You hold this country in low regard as well as its capabilities. Once tensions are eased and the pride ceases, when Iraq works together for the good of the whole, it will accomplish much more than you could ever imagine.
It is notably one of the richest countries in the world and the only thing holding it back is political posturing, this I am sure for their people they will overcome.