Archive for February 6th, 2010

Does anyone know if oil is being pumped currently in Iraq? And if not when are they planning production?

Saturday, February 6th, 2010
iraq dinar
BRANDON S asked:


I heard they are not producing oil at the current moment. If this is true, what do you think will happen to the current value of the Iraqi dinar?
I heard they are not producing oil currently. If this is true what do you think will happen to the Iraqi dinar once oil is being produced?

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Posted in Current Events | 3 Comments »

Why Iraqi dinar is so down?

Saturday, February 6th, 2010
iraq dinar
Vladimir True asked:


How it can be possible with the currency of the country that has second largest oil, and largest gas reserve in the whole world?

Why it’s more down then let say Philippine Peso (1US=49PHP), Albanian Lek (1US=93ALL) or even one of the worlds poorest country (not even real country), Somalia and it’s Shilling (1US=1450SOS … yes, they need that sos) is almost on same level then oil and gas filled Iraq within 2 biggest rivers in whole Middle-East area. They call Iraq there ‘The Food Storage of Middle-East’.

So dinar-non sayers, WHY?

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Posted in Investing | 1 Comment »