Lets face it, Iraq is rich in natural resources and have the potential to bounce back due to the oil prices.
Lets say one bought 10 million dinars at a negligable cost today, and it were to recover to the value of the US dollar in 10 years time.
Is this possible?
2007-12-03 21:54:50 · 4 answers · asked by Anonymous in Social Science ➔ Economics
Iraq will likely have a good economy in ten years, but that does not mean the currency will strengthen.
2007-12-04 00:51:59 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The value of the dinar is much more likely to fall below the value it has today than it is to go up in the near term. So if I wanted to gamble on its value in ten years, I would not do it now, You might be interested on this about the market pricing of Iraqi bonds.
http://www.nytimes.com/2007/11/11/business/worldbusiness/11view.html
2007-12-04 06:42:28 · answer #2 · answered by meg 7 · 0⤊ 0⤋
a billion to 1
2007-12-04 06:03:13 · answer #3 · answered by ? 3 · 1⤊ 2⤋
am afraid there is no chance, if you USA at your home best thing could happen to you to be homeles.
2007-12-04 06:02:26 · answer #4 · answered by Taha* 7 · 0⤊ 3⤋