Petra

Petra – Dinar Guru   Kazemi came out last week and said they need to get 90 billion dollars in their reserves and they’re only at 60.  That kinda freaked everybody out.  But if you think about it…if they were to come out with a strong rate…you’ve got to remember they’ve done currency swaps with a lot of other countries…Saudi Arabia, Jordan, Qatar, a lot of the GCC countries.  They all hold dinar…if Iraq came out and kept their 1450 it would absolutely tank that middle eastern basket.  All their currencies would drop.  You know that’s not going to happen.  That’s ridiculous… [Post 1 of 2]

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