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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 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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 Empty 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

Post by RamblerNash Sat Jan 01, 2022 11:59 pm

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.
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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 Empty 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

Post by Sam I Am Mon Jan 03, 2022 2:44 pm

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

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