Possible scenario

[WilliamMunny]

...perhaps some people have read this before,
but found an excellent article at

www.jhu.edu/~iaesbe/Iraq.pdf

...now this was written in 2003, and the first 2-3 pages have
been overtaken by events, but the document goes to analyze
similar situations like that we now find in Iraq concerning retooling
a monetary system..
Interesting read about the creation of a Currency Board,..
Even more interesting was this little nugget...



-Wm

[dougmyers]

...perhaps some people have read this before,
but found an excellent article at

www.jhu.edu/~iaesbe/Iraq.pdf

...now this was written in 2003, and the first 2-3 pages have
been overtaken by events, but the document goes to analyze
similar situations like that we now find in Iraq concerning retooling
a monetary system..
Interesting read about the creation of a Currency Board,..
Even more interesting was this little nugget...



-Wm

====================

I suspect these are all just suggestions from these two men that wrote this.
But it is a interesting read.
The Euro seems to play a dominate roll in it all.

[shotgunsusie]

====================

I suspect these are all just suggestions from these two men that wrote this.
But it is a interesting read.
The Euro seems to play a dominate roll in it all.

... ponders.. where HAVE i heard this concept before?? :lmao:

[WilliamMunny]

... ponders.. where HAVE i heard this concept before?? :lmao:

....yes, but I had never heard about a 30-day bidding period by
all the "major" currency traders, whose results are passed to a
"panel of judges" who will decide the rate...

It that were to come to pass, can you imagine all the hysteria
of all us here during those 30 days? ;-)

-Wm

[trusty]

====================

I suspect these are all just suggestions from these two men that wrote this.
But it is a interesting read.
The Euro seems to play a dominate roll in it all.

============================================
A previous post in July 2004 by Marilyn touched on this same subject.
that post was:
http://www.investorsiraq.com/iraqi-e...-tracking.html

While it is just 2 guys opinion...they do have pretty good
credentials. I like to read/hear differing opinions..even if I disagree.

Dr. Steve H. Hanke is a Professor of Applied Economics and Co-Director of the Institute for Applied Economics and the Study of Business Enterprise at the Johns Hopkins University in Baltimore. Also a writer for Forbes Magazine.

Recommended reading:

The link above and:

http://www.investorsiraq.com/iraqi-e...-tracking.html
Price-Waterhouse-Coopers Digest June 2004

[Good_Karma]

That nugget is OBE. Iraq did not dollarize or euroize. Iraq issued a new currency, and they didn't adopt a currency board, they adopted a managed float exchange regime.

[WilliamMunny]

Karma,...you seem to know a great deal about the issues involved,
I'm guessing your career is in the financial sphere?

[millionairetobe71]

I will always say the same,

Don't talk to a retard, poeple won't be able to tell the difference....
I all know is that the dinar will go up.....that's all I know people....You see, I can see the future.....$$ will be very soon....

Believe me people....