> Bruce wrote: > So lets say in 10 years the Dinar is strong, and > you can cash in your $1,000,000.00 Dinar for say $500,000.00 or more, and > everyone starts cashing in. Won't that hurt their economy? >
Super complicated question. Basically the way it works for a currency to be "strong" all other countries need to demand their products. So, for example, if a currency is allowed to float (unlike China's) then if Country A wants more goods from Country B than Country B wants from Country A, then Country B's currency will be stronger RELATIVE to country Country A. To sort of answer your question, if everyone dumps Iraq's currency then that means there's more supply than demand and the value of currency relative to other currencies will fall - maybe dramatically. However if demand for Iraq's, say, oil keeps that demand high then it won't. Here's more info: http://en.wikipedia.org/wiki/Arbitrage Anybody who bought Dinars (my brother did by the way) is/was taking a massive risk. It should be regarded like playing the lottery. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Upgrade to Adobe ColdFusion MX7 Experience Flex 2 & MX7 integration & create powerful cross-platform RIAs http:http://ad.doubleclick.net/clk;56760587;14748456;a?http://www.adobe.com/products/coldfusion/flex2/?sdid=LVNU Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:225239 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
