Many of the IQD supporters speak of this magical “revaluation” that will happen some time in the near future that will skyrocket the value of the Dinar. This revaluation will be nothing more than like a reverse stock split of the currency. It will probably be a repeat of Mexico’s own “revaluation” of the Peso back in 1993. At the time, 2,894 Mexican pesos was about $1USD. The revaluation took place and 1000 pesos became N$1 nuevo or “new” Peso. So 2,840 pesos was now N$2.84 nuevo Pesos. In 1996, nuevo was dropped from the name and reverted back to Peso. Today’s current exchange rate is $1 USD = 10.97 MXN Peso In 1990, if you bought (exchanged) 2,894,000 Pesos for $1000USD, today after the revaluation, you would have 2,894 “new” Pesos / 10.97 = $263USD. And this is with a country that is much more stable than Iraq or Vietnam with lots of oil. After about 15 years, you would have lost over 2/3 of your money