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Post by bdmac25 on Thu Aug 25, 2011 1:34 am

Hoping someone can explain something for me. Just wondering how Iraq is going to pay for the revalue of the dinar? It seems as if it will be a lot of money that people will be cashing in. Do they have enough money to pay for this? Where does all the money come from. Is there still a concern about dropping the 3 zeros?
Please don't get me wrong, I am praying and hoping this RV's and we all become rich. I'm just not sure how they can afford it. Thank you very much for the help and Go RV

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Post by me4RV on Thu Aug 25, 2011 1:36 am

I believe that the US Treasury will buy Dinars from us and then use the Dinars to buy oil from Iraq.
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Post by bdmac25 on Thu Aug 25, 2011 2:13 am

That makes sense

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Post by therealbutterfly on Thu Aug 25, 2011 5:35 am

Iraq has $250 or 300 billion USD in reserves alone according to the articles. Plus the oil, natural gas, sulfur, gold and everything else in the ground. They can afford to support a new rate easily. In what form and how much? I cannot answer.

But ULTIMATELY they have to cover their currency but the articles also say that the country holding the dinar will cover it until its returned to Iraq. So the US will cover us here.
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