Bet On Iraq - Buy Iraqi Dinar
Bet On Iraq - Buy Iraqi Dinar: "Astounding currency devaluation.
After years of trade sanctions, and rampant counterfeiting, the Iraqi Dinar has plummeted from its pre-Gulf War value of over USD$3, to mere fractions of one US cent. What was once the equivalent of more than $82,500, can now be purchased for less than $50. Can Iraq's economy achieve, in a free market, what it once achieved under a brutal dictatorship? We don't know yet. But we know she is not alone in her effort to do so."
After years of trade sanctions, and rampant counterfeiting, the Iraqi Dinar has plummeted from its pre-Gulf War value of over USD$3, to mere fractions of one US cent. What was once the equivalent of more than $82,500, can now be purchased for less than $50. Can Iraq's economy achieve, in a free market, what it once achieved under a brutal dictatorship? We don't know yet. But we know she is not alone in her effort to do so."
posted by indrax at 2:39 AM
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