10.26.2007

Iraqi Dinar has appreciated 20% over the last year

SO here it is...I hear from a lot of people what a scam Iraqi Dinar is. Hmmmm...war torn country in the middle of sectarian violence, but it appreciates 20%. So does this mean anything or not.

You make the call.

Iraqi Dinar has appreciated 20% over the last year: "Iraqi Dinar has appreciated 20% over the last year Hugo Mann Published 10/25/2007 - 4:03 p.m. EDT The Central Bank Of Iraq (CBI) has had some success at appreciating the Iraqi dinar as suggested by the International Monetary Fund IMF. The CBI has appreciated the dinar hoping to curb inflation. The U.S. department of state says that the year to date inflation through August is 11.2%. The year on year rate of inflation dropped 20%. The Iraqi dinar was worth 1470 dinar per U.S. dollar in November of 2006 and has appreciated against the dollar to 1230 dinar per dollar according to the CBI."

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