Monday, September 20, 2010

Are we far from a Dinar Revalue


Dinar To Revalue ?
James A Smith JAS
The dollar has declined this month against all 10 most actively traded currencies, and yesterday fell to a record against the euro and 26-year low versus the pound.
Here are a couple of very real facts. Iraq has a majority of the world’s natural reserves and crude oil, putting it on the same level as Saudi Arabia and Kuwait . If you know anything at all about Saudi Arabia and Kuwait , you should know that their currency is very valuable and their natural resources are the reason. So, why isn’t Iraq as rich as Saudi Arabia and Kuwait ? That answer is simple – they only recently established a stable government, elections are now being held successfully, and the march towards financial recovery is progressing steadily. Crime and terrorism is lower and lower all the time! And just as importantly – the Iraqi people are unjustly impoverished as a result of the recent chaos, and they cannot remain in that situation for much longer – not when they control a major amount of the world’s “black gold”.
Dinar To Revalue ?
The real question, then, is “When will the Dinar Currency of Iraq Revalue?”
People in the know say very soon. This investment is not a scam, but you must be prepared to wait for things to happen. It may revalue, or reinstate, to a previous level which would make many of us rich overnight, or it might grow slowly, over time, giving a nice return on an investment that many of us were smart enough to make. One thing I do know, for a fact the Iraqi Dinar will not stay this low forever.
Dinar To Revalue ?

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