This dual currency issue cannot hang on for too much longer

6-30-13 Shredd: I was talking to a buddy of mine that I got into the dinar and told him it could be tomorrow, it could be next month, it could be later…. just gotta watch the news closely and see the trends. So much investment coming in if we knew all the contracts being signed now, we wouldn’t be able to sleep that is the nature of competition if you study investment bubbles.

Iraq is a sovereign country and the only one that is dual currency. Let me share this thought with you all………as we have international investors coming into Iraq like we are already starting to see in the news, as they set up shop there cannot be a dual currency in the country.

Think of it…… these companies could exchange between the currencies, contract by contract and manipulate and even contribute to the pricing issues, for example, let’s say a metals company is about to close a contract with, say Britain, what currency will they use to exchange versus the pound? the dollar? the dinar? Depends on which one has a lower price at the time.

Companies would have a choice and this could be a deterrant at the bank, we close forex deals every day and the agreed upon price for a trade is set but on the money side, whatever the forex is at that moment determines the money paid so, the same goes for companies coming into Iraq .

This dual currency issue cannot hang on for too much longer, Iraq is a sovereign democracy. Sovereign and so must their currency be, additionally, Iraq now has the goal to not be flagged as a currency manipulator so they need a single, representative, sovereign currency, (eventually) market-driven.

The global economic expectation is for Iraq to be on the dinar, that’s a fact jack that’s my two dinar’s worth, just wanted to have ya chew on that.