ddyal

The article seems to be eluding to the enormous amount of dinar needed to pay for commercial projects. If they merely remove the zeros (ex: replace a $25,000 dinar bill with a $25 dinar bill) then it would take 1,000 times more bills to complete a transaction not less. Unless the $25 dinar bill has the same buying power as a $25,000 dinar bill in which case it would reduce the amount of dinar required by 1,000 times. That seems to be what they are wanting and if the buying power is increased in that way then it puts the dinar closer to the value of the dollar which it also seems they are eluding to in the article. They don't have to say anything about an RV but if a new $25 dinar bill buys what a $25,000 dinar bill used to then you have just increased the value of a dinar 1,000 times. That would be an RV!

It sounds like in that scenerio the same would apply if you had left it in a bank account. Correct?

It seems the only way this could work, particularly for the people of Iraq, is if you did this exchange but the 25 IQD then had the same buying power as the 25,000 IQD. that would in essence make the amount of Dinar in circulation 1/1000th of what it is now but it would also raise the value of each dinar to 1000 times what it was which is making it approximately worth $1 US dollar for each dinar. It could then later be raised I guess to a higher amount. Any other way and the people of Iraq get hosed.

Are you saying physical Dinar would be valued different than electronic Dinar?

So in your scenerio, if I was a rich Iraqi and I tucked away 25,000 dinar, worth approx. $75,000 US dollars at that time, in a sock when the war started for safe keeping. It is now worth very little in Iraq and approximately worth $21.00 US dollars now. Under your plan it have to be traded in for a new $25 dinar bill and then at some time later the value of the dinar would be increased up to say a value worth $3.50 US dollars. That would then make your original stash of $25,000 dinar, worth $75,000 US at that time, now 25 dinar worth $87.50 US dollars. I'd be pissed at the Iraqi Gov. if I were him!