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The New Iraqi Dinar
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[QUOTE]Originally posted by JBCak47: [QB] Well considering very little oil will be pouring out, I heard news reports of something like 10% of the pre-war levels (prewar I assume is the Second Gulf War, but then again I am not sure, the news or I could have gotten it wrong.) of 2 million barrels a day, or roughly 200,000 per day. As of now, the pipe lines are being attacked, oil transportation has been subject to loss, theft, corruption, as per the news. However, perhaps in two years they could exceed the desired goal of ten percent and make something like thirty pecent, I am sure that would make their dinar more profitable. If security is improved over the country, that too should, should being key here,lol, add to the value and stability of their dinar against our dollar. The key is their oil, I am sure within two years their infrastucture will improve considering France, Germany, Russia/Europe, Asia/China need more oil, espically China, to feed it's growing industry, espically if the world economy picks up, which it is. Not to mention some of the oil will go back to us. Perhaps it will go on the market, I am thinking it will go into the SPR... OR the military will get it. However even if you had to hold onto the money for three years, if there was an exchange, in terms of a re-issuement of money, you could always exchange it, I mean I would even go to Iraq to do it, I mean if I had to. [IMG]http://www.allstocks.com/stockmessageboard/ubb/smile.gif[/IMG] -John [/QB][/QUOTE]
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