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 Guru chattels "Interesting historical information" 1/16/18

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roxy22222222
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PostSubject: Guru chattels "Interesting historical information" 1/16/18   Tue Jan 16, 2018 9:29 pm

 Interesting historical information:  Question: Mr. Tant, How does your office determine the correct rate of exchange for the new Iraqi currency, that for all intents and purposes, is virtually worthless in the world's markets?   Hugh Tant III [Former Iraqi Currency Exchange Director]: The Central Bank of Iraq conducts a 'foreign exchange auction' process about 3 times per week to help ensure the new currency is stable. This process helps determine the exchange rate. At the moment, due to Iraqi exchange controls, the currency is not exchanged outside Iraq. This is likely to change in the future as Iraq continues to be welcomed back into the international financial community. As oil exports increase and more funds are invested in Iraqi goods and services from outside the country, it is expected that the new Iraqi Dinar will appreciate in value over the long-term
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PostSubject: Re: Guru chattels "Interesting historical information" 1/16/18   Tue Jan 16, 2018 10:48 pm

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As oil exports increase and more funds are invested in Iraqi goods and services from outside the country, it is expected that the new Iraqi Dinar will appreciate in value over the long-term
Which ain't happening. Look at the pictures of Mosul and other areas, consider there are estimated to be at least 5000 bodies buried in the rubble of Mosul alone, and untold tons of IEDs and exploded and likely unstable munitions buried with them. Their economy has been on shaky ground at best, and they are going to need everything they take in and then some just to get to the starting line.

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Guru chattels "Interesting historical information" 1/16/18
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