I have heard these Uncle FUD folks (Fear Uncertainty Doubt) attempting to generate negativity with the perfunctory hand-wringing stating that with the price of oil now in the $70’s, the Dinar is likely to be devalued. REALLY??? They have a new 11% revenue stream they never had before due to non-oil income. They have multi-national corporations in the wings chomping at the bit to get started with projects ranging from the “Development Road” to oceans of new housing, infrastructure projects, tariffs, import fees, new port facilities, not to mention all the mineral wealth waiting to be exploited. They have record foreign reserves and 150 tons of gold plus they have sold bonds of late. They will also be repatriating all the DFI funds from the New York Central Bank if they haven’t already done so...The Chicken Little routine is wearing thin…Trust me, there will be NO dinar devaluation now or in the future.
