Iraq is neither under or overvalued. Iraq is suffering from a severe case of hyperinflation - Baghdad Invest

Baghdad Invest



So far I have yet to see a person debate when presented with the “numbers”. These are the numbers for you to show anyone who still didn’t realize it isn’t cracked up to be the worlds’s greatest investment.

Before War @ $3.22: 20 billion dinar x $3.22 = 64 billion USD
After War @ 0.00086: 82 trillion dinar x $0.00086 = 71 billion USD

Conclusion Iraq is neither under or overvalued. Iraq is suffering from a severe case of hyperinflation. Heck Iraq’s economy even grew 7 billion from when Saddam was last in power.

And just to show you what the “Idiots” think will happen. 87.7 “Trillion” at $32 is $2,784tn or 35x planet Earth’s of money or 13,920x Iraqi sized economies. You can laugh… because that is what they are expecting us all to believe lol

Not sure the numbers in circulation are 100% accurate, but I can tell you that their inflation has been low and under control for at least 10 years now. I don't think anyone here bought into the $32.00 crap.

Kevind53 wrote:Not sure the numbers in circulation are 100% accurate

They don't have to be 100% accurate to rule out the RV most people are expecting.  Even if they're off by 90% they still couldn't RV to even 2 cents.  And they're not off by that much, the trillions sold in the US alone prove that.

Kevind53 wrote:but I can tell you that their inflation has been low and under control for at least 10 years now.

If you have 100% inflation every year for two decades, then bring it down to 3% for a decade, your currency is still hyperinflated.  The fact that it's <10% now doesn't make the thousands of percent inflation that happened in the past irrelevent.

And Iraq has only really had inflation under control since 2008.  In 07 it was over 20% and as recently as 06 it was over 75%.

http://www.tradingeconomics.com/iraq/inflation-cpi