Will the Iraqi Dinar be revalued? When will the Iraqi Dinar be revalued? And How?

[unclegeek]

I have a question. When rv does come, how will it be done? we're seeing (probably bogus) sales on 'new' dinar out there in denominations similar to our dollar (cash and coin). will they want to have all the current high figure dinars turned in for alternate currency, then release the new currency? I ask this partly in our favor and the rest is on how thry intend to work their end, for such things as pay rate. their system will obviously be in turmoil for a bit. so if the treasury keeps their stash, wont that leave a great deal of dinar notes out there?

so how bout some professional help?

[crusader]

How did the gov get dinar

[gman51]

"unclegeek": I can't answer that. Great question, though, hope someone will have the insight to answer for you.

[Joyce Bygall]

bahtman,G51 7 Keylime - Thanks for all the good info on this thread! Keylime, as usual you have clarified what I was trying to say. I know this helps everybody! God blessd.

[Joyce Bygall]

Crusader - I have no links or intel to go on, but thinking it through I'll take a guess that the u.s. gov't has been getting paid in dinars for all of it's help & goods to stabilize Iraq from the fund that was set up by the U.N. to control their spending until they are released from all sanctions. Let' hear from all of those who probably know a lot more about it than I do, or maybe it's a fairly good conclusion. JMO. God bless

[bahtman]

Thanks Guys and Gals,

I do feel a little, maybe even much better. I had been asking Enorrste that question in several posts and he had been avoiding it. He also avoided a couple other members with similar questions, and it was making me uneasy. But I can certainly see that the "electronic money" game can certainly work out.

Thanks again for your input.

[grunt1980]

this is one to post on the page

[grunt1980]

this will make 2 in the post world

[grunt1980]

this will make the third one I need to get in

[grunt1980]

this will make number four

[grunt1980]

does this count as number five?

[grunt1980]

I hope this as number six and soon will be done

[grunt1980]

this would be number seven and counting

[grunt1980]

I am now on number eight and counting

[grunt1980]

thanks for the end to be near with number

[grunt1980]

this is number ten and should be the last one!

[krucialmix]

this is number ten and should be the last one!

Ha ha! Jokes on you! There's a thread for that!

[bahtman]

One other thought:

Currently there is $1 trillion us dollars in circulation.

I don't know how electronic funds factor into this if at all.

But if it RV's for say $1US to 1 IQD, then there would be about $2 trillion US dollars added into those amounts with investors selling their dinar.

If the US could not balance that out quickly by paying off debt with the trillions of IQD they have, then inflation it would seem, surely in the short run, would rise significantly.

At face value, your new dollars, it would seem, overnight, would be worth much less.

I'm just throwing it out there. Obviously, I'm no economy expert.

Of course, these would be good problems to have.

Taxes and inflation.

Go RV!!

[gman51]

Personally, I have been looking for a more stable country to exchange my Dinar to. The usd has been too unstable lately for me. I will exchange enough to pay my taxes, of course, since I am a U.S. citizen. Maybe I will just leave them in Iraqi Dinars for a few more years.

[bahtman]

gman51

Allow me to suggest putting it directly into different forms of gold and silver. At least for the next 2 years. Instead of losing as the dollar sinks into oblivion, you will gain. That being said, I would watch closely what effect this RV has on the US and the Dollar. This could get really interesting and could be a real game changer.

[bjkreporter]

Posting (7) to get into chat.

[bjkreporter]

Posting (8) to getn2 chat.

[bjkreporter]

Posting (9) 2 get n2 chat.

[bjkreporter]

posting to get into chat.

[Mongo]

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