Author Topic: 3/22/2016 Guru wmawhite  (Read 104 times)

Online arizona49

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3/22/2016 Guru wmawhite
« on: March 23, 2016, 08:06:32 AM »
 3/22/2016 Guru wmawhite   ...if we believe that today 1 IQD is not truly valued at $0.00085 why would the CBI enter the world markets at something that is not reflective of their true value?  This is why I continue to ask this question:  What is missing in the following list of currencies?   1 Egyptian Pound = $0.13   1 Jordanian Dinar = $1.41   1 Qatar Riyal = $0.27   1 Bahraini Dinar = $2.65   1 Israeli Shekel = $0.26   1 Saudi Riyal = $0.27   1 United Arab Emirates Dirham = $0.27  1 Omani Riyal = $2.59   1 Kuwaiti Dinar = $3.31   1 Iraqi Dinar = $0.00085  What is missing? ............. A true value for the IQD.  If the world trades the Omani Ryal at $2.59, which they do, and Iraq has an economy 1,000% greater, then the true value of the IQD is not $0.00085.   ...we don't know what the true value is...however, we can look around the region and see a comparison of other countries and none of them are at $0.00085, except for Iraq and the world knows that the IQD is programed/imposed/not true... Any thing greater than 1182 ($0.00085) is an increase in purchasing power...the question is how great can Iraq leverage the IQD...and IMO, that is what we will see.