Jon S.

Sorry, I should have also stated that to redenominate a currency first or only will only happen with hyperinflation. When the IQD RV's, the Iraqi citizen will be able to turn in their 25K dinar note for 250, 100 dinar notes just as we would here if we don't cash in. In my comments above, the actual cost of products will drop the 3 zero's also.

It's not that you're missing anything... In Irraq, the 25K dinar note will become the 25 dinar note (i.e. to use for purchasing since something that now costs 25K dinar will now only cost 25 dinar) Internationally and in Iraq, the 25K dinar note would be worth $29,250 dollars (U.S.).

IQD rate in 1988 was $3.22 .... nice http://www.edinarfinancial.net/history.php

Thanks for the post but the court decided to defer consideration of the issue to the nineteenth of the month of September, and then decided to postpone this date to consider it also to the nineteenth of the month of October now.[/left] Weird that the end of the two weeks seems to fall on our election day of Nov. 2nd... Hmmmmm

How dare you Norm, that’s blasphemy!! JK

You won't have a redenomination of a currency without a revalue unless there is hyperinflation only. With both the redenomination and revalue of a currency, a 25K Dinar will be worth $21,500 (as in your example above) outside of Iraq. Inside Iraq, the price per products would drop from 25K Dinar to 25 Dinar. Here's an example of what happened in Mexico in the 90's regarding redenomination. I hope that this explains it better.. Read under the heading of "Nuevo Peso". http://en.wikipedia.org/wiki/Mexican_peso

Thanks for the post Vizio. IMO - I don't feel that this is truly "LOP" talk but just a new series of notes that would be used combined with the current notes(that we all have now) until the current notes would eventually be eliminated from circulation over a long period of time. Mexico did this because of hyperinflation back in the 90's and it took over 3 years to get the old currency out of circulation. FYI "The transition was done both by having the people trade in their old notes, and by removing the old notes from circulation at the banks, over a period of three years from January 1, 1993 to January 1, 1996. At that time, the word "nuevo" was removed from all new currency being printed (This would be just like the Kurdish language being added to the new currency) and the "nuevo" notes were retired from circulation, thus returning the currency and the notes to be denominated just "peso" again. Confusion was avoided by making the "nuevo peso" currency almost identical to the old "peso". Both of them circulated at the same time, while all currency that only said "peso" was removed from circulation. The Banco de México (Bank of Mexico) then issued new currency with new graphics, also under the "nuevo peso". In 1993, coins of the new currency (dated 1992) were issued in denominations of 5, 10, 20 and 50 centavos, 1, 2, 5, 10, 20 and 50 nuevos pesos. http://en.wikipedia.org/wiki/Mexican_peso I hope that this makes sense...

Maybe the key words we need to look at in this statement is "at this time"? IMO... Just because an RV happens doesn't guarantee the immediate removal of the zero's, of a currency...

$2.84

You know..... Tony... I have no idea either...

Thanks for your post Phoenix. And here I was thinking while reading Dr. J's post.... ...Since it now wouldn't RV until 2012, the world is also supposed to end in 2012 so I was just going to give up and send all my dinar to you..... JK of course...

Obviously the old new is good news! Thank you!!

Nice find and post. Thank you.

I always purchase the 25K notes. I feel that there are a less amount of bills to store away safely plus I can always trade in for lower denominations later if I want to.