What Does Fiat Money Mean?
Currency that a government has declared to be legal tender (could be sea shells) in this case it is (OIL)
faith is in what the value of that commodity is believed to be ($50. bl.) mid range and not far fetched.
Iraq will reach peak growth potential in the next 1.5 yrs.
Are they going to sell their country for less than .01 cent to the dollar??? I think not.
Foreign money is going to be coming in Iraq from all corners of the world in the next 16 months.
No need to worry about where what others do with their dinar.
It will all find its way home eventually, in a myriad of ways.