Iraq’s ability to revalue the Iraqi dinar at a decent rate comes down to a few things…their money supply, natural resources and reserves.
If they’re able to make substantially more money from oil, then guess what that means?
They would be able to back their currency at a higher rate which is something all of us are speculating on…Higher oil prices for us is actually a good thing. I know I sounds counterproductive…higher oil prices means higher gas prices…The US economy is going to be feeling this in the very very short term…I’ve always felt deep down that before Iraq revalued the Iraqi dinar…oil prices were going to skyrocket… : Steve