My interview with Rich Morris, the American Contractor
Rich can be reached through his website here:
Topics of today's podcast
PM Nuri Malaki
Iraq buys 36 tons of gold, when will they receive it?
Is the gold physical or digital?
Germany wants their gold back.
Why is CBI buying so much gold?
Backing the dinar with gold.
USA Today China Media Call For De Americanized World
Will the Iraqi Dinar RV?
Unrealistic rate of $3 per dinar
Dual exchange rate (two rates)
Central Bank announces reprinted banknotes
Gurus false claim of removal of lower denomination notes
What is your opinion of the dinar gurus?
Describe making a purchase in Iraq, what bills (denominations) did you use?
Dollars versus Dinars in Iraq for daily purchases.
Huge transactions with large wads of dinars.
Some Iraqi's are stuck with dinars, dangerous situations.
The Iraqi's love US Dollars, perferred over Iraqi Dinar.
Most large purchases are made with the US dollar versus Dinars.
Mostly paper currency, some banks have credit cards.
Everything up in the air until the election results.
Infrastructure in Iraq - Water, lucky to get bottled water.
Infrastructure in Iraqi - Three hour Government Run Electricity, portable generators
How were things in 1990 before the Iraq War - must listen to this.
No running water, electricity blackouts.
You must buy water in bulk in Iraq. You might have to walk one block one
day, four blocks the next day, it's dangerous.
Phamaceuticals in Iraq
What can you get for a 25,000 dinar note, what is it's purchasing power.
See this menu from Iraq
Buying a burger or apple pie, don't expect change if you use US dollars, you get dinar back, not a good deal.
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