GreedyDinar07 Posted April 30, 2018 Report Share Posted April 30, 2018 Hey guys, can anyone answer this question......once the new notes are released in Iraq, (redenomination) will the $10,000 , $25,000, $5,000 notes that we have be horned for the same value as the smaller notes if the value of the Dinar is increased? (RV)... 2 4 2 Quote Link to comment Share on other sites More sharing options...
GreedyDinar07 Posted April 30, 2018 Author Report Share Posted April 30, 2018 By the way I am not a newbie....I have ben around since 2007...this is my first post...Thanks!! 5 1 Quote Link to comment Share on other sites More sharing options...
Karsten Posted April 30, 2018 Report Share Posted April 30, 2018 I have asked it question as well as a number of others and I haven't seen any sort of answer to it.....Sorta like asking a Date or Rate, I don't think anyone will know until this thing happens. Karsten 2 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted May 3, 2018 Report Share Posted May 3, 2018 To the best of my knowledge both notes will coexist for a period of time. Last I read it was for a two year period. The rate will be equal no matter which currency you own. Hope this helps 2 1 1 Quote Link to comment Share on other sites More sharing options...
cranman Posted May 4, 2018 Report Share Posted May 4, 2018 4 hours ago, ChuckFinley said: To the best of my knowledge both notes will coexist for a period of time. Last I read it was for a two year period. The rate will be equal no matter which currency you own. Hope this helps I just don't know how that's possible. To me that most definitely means you have 2 years to exchange higher bills for lower bills. After that there will be a new version of notes with three zeroes. That's a long time for two different bills two exist that have the same value but different amount of zeroes. I hope their wrong about the time or my thought process is wrong. 2 1 Quote Link to comment Share on other sites More sharing options...
jg1 Posted May 4, 2018 Report Share Posted May 4, 2018 If it's a revalue with a rate increase, The 25000 Dinars note would be $25,000 dollars and the 25 dinar note would be worth $25. If it's a lop the 25,000 and the 25 dinar note would be the same value. Of course that's not what we want. 1 Quote Link to comment Share on other sites More sharing options...
cranman Posted May 4, 2018 Report Share Posted May 4, 2018 (edited) By the way I'm just throwing out my opinion. I like to talk things out with my cohorts. Together we may figure out what the true intentions are and when they want to implement their plan. When i worked for a nuclear power plant we had to follow procedure to the letter. Believe me when I say a nuclear power plant is procedure driven. My peers and I would talk out situations that would occur and try to rectify them within the procedure guidelines. The more heads we brought into the discussion the faster we figured it out. If they are going to Revalue their currency to its former glory, after the passing of the HCL, then no way are two notes with same value going to exist simultaneously. for 2 years. It would be a logistical nightmare. Making a new note with three zeroes would render old three zero worthless after the exchange period. UNLESS a new three zero note and the old three zero note existed at the same time. The new note having the value of the new rate and the old note being valued at the old rate. That would ensure that all old three zero notes were turned in in two years. ( I just went crossed eyed). I know, it's expensive to print new notes. I don't thinks that's an issue though. If they float it out of the gate then there will be no need for the two currencies to have the same value and exist side by side. They will rise equally and both increase at the same rate. Until it stabilizes all contracts for outside contracting entities , in my opinion, will have to be in dollars or some other stable currency. Did I confuse everyone or am I just confused? BTW, wife is out of the state and I'm on the computer unsupervised. Bwhahahahahahaha Edited May 4, 2018 by cranman 3 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted May 4, 2018 Report Share Posted May 4, 2018 10 hours ago, cranman said: When i worked for a nuclear power plant we had to follow procedure to the letter. Believe me when I say a nuclear power plant is procedure driven. Is a barn really 1 x 10(-24) cm2? Were You ever concerned about too many barns in the reactor? Also, were you ever concerned about Xe 109 and the stable sustainability of the reaction? Well, OK, maybe apples and oranges here regarding the type of fuel in the reactor and the decomposition of the isotopes. I suspect the barns is a key metric, though. 2 Quote Link to comment Share on other sites More sharing options...
cranman Posted May 4, 2018 Report Share Posted May 4, 2018 2 hours ago, Synopsis said: Is a barn really 1 x 10(-24) cm2? Were You ever concerned about too many barns in the reactor? Also, were you ever concerned about Xe 109 and the stable sustainability of the reaction? Well, OK, maybe apples and oranges here regarding the type of fuel in the reactor and the decomposition of the isotopes. I suspect the barns is a key metric, though. I wasn't an operator or fuel handler. I ran a crew of armed security officers. We handled access control, perimeter security, testing of systems, personnel and vehicle searches, alarm responses etc. 1 2 Quote Link to comment Share on other sites More sharing options...
skeetdog Posted May 4, 2018 Report Share Posted May 4, 2018 49 minutes ago, cranman said: I wasn't an operator or fuel handler. I ran a crew of armed security officers. We handled access control, perimeter security, testing of systems, personnel and vehicle searches, alarm responses etc. ...Cool...I ran task order field opps. on all FOB spec. perimeters, access. and personnel Force Protection compliance.... 3 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted May 5, 2018 Report Share Posted May 5, 2018 On 5/3/2018 at 10:27 PM, cranman said: I just don't know how that's possible. To me that most definitely means you have 2 years to exchange higher bills for lower bills. After that there will be a new version of notes with three zeroes. That's a long time for two different bills two exist that have the same value but different amount of zeroes. I hope their wrong about the time or my thought process is wrong. That is correct. I will try to find the link and post it for you. 1 Quote Link to comment Share on other sites More sharing options...
cranman Posted May 5, 2018 Report Share Posted May 5, 2018 1 minute ago, ChuckFinley said: That is correct. I will try to find the link and post it for you. Then that's not good for us. 1 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted May 5, 2018 Report Share Posted May 5, 2018 (edited) It will be good for us. Here is a link that has some more info. I will try the CBI site to get a better link. Think of it this way. The US issued new $100.00 bills awhile back. Both the old and the new are still good as legal tender. In Iraq case they are putting a time limit on it. My guess, as they have been doing for sometime(trying to bring in the old notes), is to get people to bring as much of the old currency out there and open accounts. They have pushed selling gold and have talked about damage note exchange. Edited May 5, 2018 by ChuckFinley 2 3 1 Quote Link to comment Share on other sites More sharing options...
js214 Posted May 5, 2018 Report Share Posted May 5, 2018 "I believe Shabibi said the currencies were to coexist for 2 years inside the country and up to 10 outside the country. " Is this from the time of the RV? Does anyone remember when they printed the new notes? I would hope it is , or is it an indicator of their clock ticking to get this done Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted May 5, 2018 Report Share Posted May 5, 2018 From what I remember it was from the RV. The new notes are all small denominations and it would take a wheelbarrow full to buy anything. 1 1 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted May 6, 2018 Report Share Posted May 6, 2018 On 4/30/2018 at 12:00 PM, GreedyDinar07 said: By the way I am not a newbie....I have ben around since 2007...this is my first post...Thanks!! Had to Green Light you there. Seems the Red baron is out in force. 2 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted May 6, 2018 Report Share Posted May 6, 2018 On 4/30/2018 at 12:00 PM, GreedyDinar07 said: By the way I am not a newbie....I have ben around since 2007...this is my first post...Thanks!! Add a second. 2 Quote Link to comment Share on other sites More sharing options...
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