Ok, there's always tomorrow. Weather permitting, I'm going to the beach to drown my sorrows in the Caribbean Sea.
Originally Posted by Paulette
My vacation ends on Friday.
I'd appreciate a reval by then. Is that really asking too much?
"I'm not suggesting "magic" just simple math.
Just for sake of discussion, let's say I borrow 200 million Dinar from this State-run Iraqi bank to build my new home this week. Then the GOI decides to REVAL the Dinar 1 to 1 against the U.S. Dollar and .... Do I still owe 200 Million Dinar to the State-run bank of Iraq? "....." These loans have to be adjusted. My principal owed has to be reduced to reflect the REVAL. Iraq's M2 is then automatically reduced by 229,770,000 Dinar, ..."