Supporter and Investor! 
Iraqi Central Bank
He pointed out that the Iraqi Central Bank “was taking recommendations of the International Monetary Fund which confirmed that the dinar is less in value than the dollar”, considering that “Nothing confirms this trend and the lesson is not in the formal strength of the Iraqi dinar but in its strength against other currencies”.
http://www.921q.com/2007/02/21/the-e...n-iraqi-dinar/
Supporter and Investor!
Thanks LMO - but not sure what this really means. 'Nothing confirms this trend..." It all sounds ambiguous - perhaps intentionally.
Supporter and Investor!
rumor
Rumor interpretation for idiots !
okay, I'm a little slow, would anyone care to decipher, and then translate, the rumor in the preceeding link ?
"Political Correctness is a doctrine, fostered by a delusional illogical minority and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end."
"it just may be a lunatic you're looking for" -- Billy Joel
Supporter and Investor!
good question.....sounds like some Iraqi thinks he's a brainiac and can solve the whole economy trouble over there
Supporter and Investor!
Bull Pies and Double talk
This "Expert" couldn't find his butt with both hands!
Inflation isn't just supply and demand or interest rates.
Iraq's currency value collapsed. They import most everything, so the cost of goods went through the roof!
Duh!
The Government has the final say concerning the dinar
http://www.investorsiraq.com/showthr...ies.&highlight=
Supporter and Investor!
This is NOT a rumor...can we move it to the speculative section?
"We are ready for an unforeseen event that
may or may not occur." --Al Gore, VP :swear:
Supporter and Investor!
Sounds clear enough.
About the 2007 budget’s distributions, he said: “current expenditure forms the biggest part of it and this is not good, we need the investment side to restore the economy’s recovery”.
Sounds like they want private investments to fund Iraq's economy, so it is all good. Let the investors in.
This time, it's the deep end of the pool.
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