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» I am too pretty for math, but....
The real value of the IQD vs USD? I_icon_minitimeWed Jun 12, 2024 6:56 pm by Mission1st

» Interesting article
The real value of the IQD vs USD? I_icon_minitimeWed Jun 12, 2024 6:34 pm by Mission1st

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The real value of the IQD vs USD? I_icon_minitimeWed Jun 12, 2024 6:32 pm by Mission1st

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The real value of the IQD vs USD? I_icon_minitimeTue Jun 11, 2024 12:26 pm by Mission1st

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» THE MUSINGS OF A MADMAN
The real value of the IQD vs USD? I_icon_minitimeMon Mar 04, 2024 11:40 am by Arendac

»  Minister of Transport: We do not have authority over any airport in Iraq
The real value of the IQD vs USD? I_icon_minitimeMon Mar 04, 2024 11:40 am by Verina

The real value of the IQD vs USD?

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Post by loaner Thu Jun 23, 2011 10:17 am

The US along with 130+ countries is supposed to RV based on the value of each individual countries resources. What if the new US rate is $4.00? If the IQD is $3.86 or $5.25 (pick a number) and the new US rate is $4.00 then does that lessen the IQD ratio to the US dollar?

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Post by ISLNDGIRL71 Thu Jun 23, 2011 1:57 pm

loaner wrote:The US along with 130+ countries is supposed to RV based on the value of each individual countries resources. What if the new US rate is $4.00? If the IQD is $3.86 or $5.25 (pick a number) and the new US rate is $4.00 then does that lessen the IQD ratio to the US dollar?
Are you kidding me?

US value from what we have been seeing and hearing is going down. We are on the verge of Bankruptcy. No way we can compare to Iraqs richness. This is from what I have been noticing. USD goes down then IQD for us is higher.
Can someone correct me on this...

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Post by loaner Thu Jun 23, 2011 11:01 pm

Yes I agree that the USD is going south. My contention is that "if" Iraq can revalue it's currency based on all the "wealth" it has then why should the US be any different? The dollar is nearly worthless because of the fiat banking system. If the US goes back to a "gold standard" of some sort then who knows where we might end up? I want as much as anyone to see a significant increase in the IQD vs the USD. It's merely a situation we should be aware of.

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Post by Gmansaid Thu Jun 23, 2011 11:26 pm

Buy gold when this R/V occurs as a hedge against the rapidly declining U.S. dollar and hold onto it.

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