Page 1 of 1 • Share
Article: "Abadi heads the first meeting of the Higher Committee for Investment and Reconstruction" What is amazing about this article is that Iraq is broke! How could they be announcing large investment projects unless they expect the money to come from foreigners? And, if the money has to come from foreigners, how would those investors take the risk unless the dinar is internationally recognized and tradable? Conclusion: open the dinar to the world!
- GURU HUNTER
- Posts : 2881
Join date : 2015-04-20
The issue isn't international recognition and tradability. It's stability. Foreign investors aren't avoiding Iraq because of the dinar's value. They're avoiding because of the issues of security and stability. If foreign investors are willing to do projects in Vietnam and S. Korea with the low values of their currencies they should be willing to do business with Iraq with the dinar at 1184:1. But Vietnam and S. Korea don't have bombs going off on a regular basis and a terrorist organization controlling part of their countries. Deal with those issues and foreign investment will happen. Guaranteed.
Page 1 of 1
Permissions in this forum:You cannot reply to topics in this forum