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How do you know the Iraq dinar will be reevaluated?
The Dinar in Iraq has to revalue because Iraq has more than 115 billion barrels of crude oil reserves. Very little of Iraq has been geologically explored, with modern seismic techniques, because of restrictions of the Iraqi government for the past 40 years. The 115 figure comes from old surveys, and is likely to be much higher. Senior Iraqi officials have publicly stated that the petroleum reserves of Iraq are the largest in the world, much larger than the Saudi reserves. Crude oil in Iraq is "sweet light crude", meaning it is very high quality, and is extremely cheap to produce, at around $2 a barrel in production costs, which are the cheapest in the world, even factoring the high cost of security. Iraq is likely to emerge, in the next few years, as one of the wealthiest nations in the world. If Iraq does indeed, have 300 billion barrels of oil, and oil stays at least at $100 a barrel, due to Peak Oil, then the value of that asset would be $4 million U.S. dollars, per Iraqi. SCGS US has more information about the Dinar revalue and Dinar rumors.
How much did a loaf of bread cost in 1947?
The cost of a loaf of bread in 1957 was 19 cents. The cost of a loaf of bread in 1957 was 19 cents.
What was the price of bread in 1950?
the cost of bread in the 1950's was $0.17 per loaf
How much did a loaf of bread cost in England in 1971?
The cost of the Bread in England was 36p in 1997
What are the Jordanian Dinar exchange rates?
The current rates for main currencies are as so: 1JD = 1.15 EURO 1JD = 1.14 USD 1 JD = 0.90GBP 1JD = 78.82 INDIAN RUPEE 1JD = 8.97CHINESE YUAN 1JD - 1.35 AUSTRALIAN DOLLAR For more rates check the link below. Note: Even though the Jordanian Dinar is a strong currency, things cost less in Jordan than Europe or the United States. (For example, a loaf of bread might cost 0,30 JD.)
How do you know the Iraq dinar will be reevaluated?
The Dinar in Iraq has to revalue because Iraq has more than 115 billion barrels of crude oil reserves. Very little of Iraq has been geologically explored, with modern seismic techniques, because of restrictions of the Iraqi government for the past 40 years. The 115 figure comes from old surveys, and is likely to be much higher. Senior Iraqi officials have publicly stated that the petroleum reserves of Iraq are the largest in the world, much larger than the Saudi reserves. Crude oil in Iraq is "sweet light crude", meaning it is very high quality, and is extremely cheap to produce, at around $2 a barrel in production costs, which are the cheapest in the world, even factoring the high cost of security. Iraq is likely to emerge, in the next few years, as one of the wealthiest nations in the world. If Iraq does indeed, have 300 billion barrels of oil, and oil stays at least at $100 a barrel, due to Peak Oil, then the value of that asset would be $4 million U.S. dollars, per Iraqi. SCGS US has more information about the Dinar revalue and Dinar rumors.
How much does it cost to renew an Iraqi passport?
It is Free if renewed in Iraq. But may cost a lot if done abroad.
What is the opportunity cost of the war in Iraq?
"Opportunity cost" could be opportunities for US/Iraqi contract employment for bettering their nation.
Will the Iraqi dinar revalue before coming out of chapter 7?
First, it must be clarified what the difference is between redenomination and revaluation. Redenomination simply means that X Old Currency becomes Y New Currency. For example, Turkey revalued the Turkish Lira some time ago where 1,000,000 Old Turkish Lira became 1 New Turkish Lira. This just meant that if a loaf of bread previously cost 1.3 million Old Turkish Lira, it now costs 1.30 New Turkish Lira. You have no more money than you did before. Revaluation is when a country gains a much stronger economy which buoys up the value of the currency. For example, imagine that a load of bread costs $3.00, then the currency is revalued, now the bread will cost $2.00, with the same bills that you had from before. This makes everything cheaper and therefore, your money is worth more.As concerns redenomination, there is no official date posted by the Iraqi Government. The government hints that it will get to it eventually, but consistently delays this. The Iraqi Government has NOT ever claimed that revaluation is even a possibility. Most economic analysts hold that the claim that Iraqi Dinars will be revalued is fraudulent and is an attempt to lure gullible people away from their money.Read more about the scam at this website.If you mean when it will revalue at a higher rate, then probably never. "The bottom line is that Iraq does not want an appreciating currency because it would not do the country any good. Iraq wants economic growth, not currency growth." -John Jagerson - Investor Place
What is the cost of kuwaiti dinar in rupees?
Answer1 KUWAITI DINAR EQALS APPROX .TO160 RS(INDIAN)Actually 164.50 Rs.
What is the cost of Dubai dinar?
its dirhams in Dubai not dinars its +/- 0.27$
Which one should have ended sooner gulf or us Iraqi war?
You can avoid confusing people by using the offical titles: 1. Operation Urgent Fury 1983 (Grenada) 2. Operation Just Cause 1989 (Panama) 3. Operation Desert Storm Jan/Feb 1991 (Iraq) 4. Operation Restore Hope 1992/1993 (Somolia) 5. Operation Enduring Freedom 2001 to present (Afghanistan) 6. Operation Iraqi Freedom 2003 to present (Iraq) Prior to 1991, the Iran-Iraq War which lasted about 8 years and cost the lives of many US servicemen (the USS Stark was struck by an Iraqi missile) was called the Gulf War.
How much does a PSP cost in Iraq?
u live in Iraq ha
How much does a gallon of gasoline cost in Iraqi today?
12 cents
What was the total cost of the Iraq war?
The war of Iraq cost to much. This war costed around 6 trillion dollars.
How much did a loaf bread cost in 2002?
A loaf of bread in 2002 cost about $1.14.
What does a gallon of milk cost in Iraq?
The cost of living in Iraq is extremely cheap. However, the cost of a gallon of regular milk, which is 4 dollars is a little expensive.
