7-12-2012 Milndollarbabe: The money (Iraqi) was devalued overnight. I have presented the IMF chart that shows such in my previous chats. It was in the 3's at the time in 2003 prior to the new currency that we hold being introduced.
Secondly, according to the IMF stats, when a country goes into article 8, which makes them a convertible (tradable) country/currency, they cannot be a 2 currency country. This is part of article 8.
Which means if they are to dedollarize, they have to be above $1 or the citizens will NOT stop using the USD. They will at that time become 1 currency, and that will be the dinar.
Thirdly, this is digital currency and not backed by gold, etc. So, I will go into our Fed Reserve and be used for prenegotiated oil prices of $32.00 where we will then use the currency that we take in as petrodinars and make a small fortune on oil purchases/selling.