Iraq Dinar Revaluation from BGG

Iraq Dinar Revaluation: What Happens Next
Who, What, Where, When, Why, How, Questions, Answers ——– What happens next?
The Iraq Dinar revaluation has reached it’s final crux. In a matter of just 24 hours parliament will have begun their meetings with the Central Bank of Iraq (CBI) to nail the signatures to the paper which will change the course of history for Iraq.
The opportunity is humongous for Iraq, literally within hours of revaluing the currency there will be a flood of foreign investment into Iraq. Let’s get this straight, Iraq is blessed to have potentially the most oil in the world, especially when you consider Iraq is 90% unexplored for Oil and 60% of reserves are undeveloped.
Despite the lack of research, proven reserves currently places Iraq at 5th in the world. Which is great but unless you have the initial investment capital to get at it, you are screwed. Iraq needs initial investment to establish rigs, buy materials, pay workers for labour. Once Iraq is on a roll and receiving an ROI from it’s investment, Iraq will not need the foreign capital but will need the foreign expertise.
Iraq could dream of paving the streets of Baghdad with Gold, the oil it has can be leveraged to pay for the dreams and aspirations of it’s people.
The problem – the Iraqi Dinar is holding Iraq back. Practicalities of the current IQD do not allow for encouraged foreign direct investment (FDI).
Revaluation of the Iraqi Dinar works for all. Iraqi’s get better services and increased ability to spend much needed monies on bettering the country. Iraqi businessman get expert financiers at their disposal. Foreign partners get an ROI on their war efforts.
Quite simply – WIN-WIN-WIN for all.
Iraq Dinar Revaluation, is and will happen tomorrow, Sunday 10th November 2013.
ARTICLE LINK
BGG - Personally, I am VERY skeptical about this news and this news feed. They have gotten bolder and bolder in recent days. Their “April Fools” joke a while back caused quite a stir. While we should reserve judgement until this has been proven wrong – It is starting to look like there really was a “nefarious motive” brewing last time…
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