Breitling: "BTW the Iraqi dinar is tradable internationally already...people don't use it. It's because it's 'worthless'" (Unless You Are In Iraq. It Buys Food And Services There LOL) 12/31/21
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Breitling: "BTW the Iraqi dinar is tradable internationally already...people don't use it. It's because it's 'worthless'" (Unless You Are In Iraq. It Buys Food And Services There LOL) 12/31/21
Breitling
BTW the Iraqi dinar is tradable internationally already...people don't use it. It's because it's 'worthless'. It's not at an 'un-international' status. It is international, always has been. It's that you can't use it for anything. Well, they're going to change that and that will help the supply times velocity.
BTW the Iraqi dinar is tradable internationally already...people don't use it. It's because it's 'worthless'. It's not at an 'un-international' status. It is international, always has been. It's that you can't use it for anything. Well, they're going to change that and that will help the supply times velocity.
RamblerNash- GURU HUNTER
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Re: Breitling: "BTW the Iraqi dinar is tradable internationally already...people don't use it. It's because it's 'worthless'" (Unless You Are In Iraq. It Buys Food And Services There LOL) 12/31/21
You can't use the dinar for anything internationally because Iraq doesn't produce products that the world wants. Basically all they export is oil and that is sold for US dollars. There will be no demand for IQD until Iraq starts creating products that the world wants, like cars, vodka, computers, sugar, beef .... etc. It doesn't just "go international" by them flicking some metaphysical economic switch. That's something the gurus don't tell you.
By the way, Supply x Velocity is how you determine nominal GDP. It has nothing to do with exchange rates. http://www.lidderdale.com/econ/311/ch8Prob.html
By the way, Supply x Velocity is how you determine nominal GDP. It has nothing to do with exchange rates. http://www.lidderdale.com/econ/311/ch8Prob.html
Sam I Am- GURU HUNTER
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» Dinar Chronicles posted As of 8 hrs ago, the Iraqi dinar is officially now tradable internationally
» Bruce says - Iraq was going to announce the new Iraqi Dinar rate that was tradable on Wed. 9 Feb
» Breitling -- People are looking at the Iraqi dinar and saying, 'there has never been a currency ever that they added that much value over night. How can they do that."
» Frank26: "...they're pumping a lot of information about the Iraqi dinar into Forex, into Wall Street...everybody knows that they are no longer worthless" (They Are? You Mean Just The Gurus. They Are Worthless! LOL) 8/30/21
» Kaperoni -- says the dinar must be internationally convertible and tradable to replace the dollar in the purchase
» Bruce says - Iraq was going to announce the new Iraqi Dinar rate that was tradable on Wed. 9 Feb
» Breitling -- People are looking at the Iraqi dinar and saying, 'there has never been a currency ever that they added that much value over night. How can they do that."
» Frank26: "...they're pumping a lot of information about the Iraqi dinar into Forex, into Wall Street...everybody knows that they are no longer worthless" (They Are? You Mean Just The Gurus. They Are Worthless! LOL) 8/30/21
» Kaperoni -- says the dinar must be internationally convertible and tradable to replace the dollar in the purchase
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