by Vixen » Mon Dec 05, 2011 12:38 pm
12-5-2011- Ennorste There are no disadvantages to Iraq in raising the value of their currency. The advantages are enormous. The people will see their standard of living improve month to month as they are able to import more and more goods cheaply. With an RV the local Iraqi will [for example] pay 7 dinars for his dinner (worth $25) and will have 24,993 dinars still in the BANK, worth US $75,000. All of this is possible with a RAISE in the VALUE of the IQD...[hmmm, is he giving us a hint about the rate?]