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Monday, August 7, 2017

ENORRSTE TIDBIT, 8 AUGUST

The issue isn't international recognition and tradability. It's stability. Foreign investors aren't avoiding Iraq because of the dinar's value. They're avoiding because of the issues of security and stability. If foreign investors are willing to do projects in Vietnam and S. Korea with the low values of their currencies they should be willing to do business with Iraq with the dinar at 1184:1. But Vietnam and S. Korea don't have bombs going off on a regular basis and a terrorist organization controlling part of their countries. Deal with those issues and foreign investment will happen. Guaranteed.

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