How will Iraq pay us investors when we exchange our three zero notes after the revaluation? …Remember when you exchange your dinar it will be the equivalent rate of the dinar in the currency of your own country since that is the country’s currency…The US Treasury has already set aside billions to handle the exchanges in agreements with Iraq. Not all of the funds paid out to you, the investor exchanging, will go back to Iraq asking for repayment from Iraq in cash. Instead, there are oil contracts already established amounting to a fixed price over the next 30 years. These are called “oil credits”. The US Treasury will then sell these credits at a time when oil is high, making a tidy profit in the process, if they can over the 30 year period. This is why Iraq must pass the Oil and Gas law first. :Mnt Goat [Post 1 of 2….stay tuned]
