zigmeister

Okay, enough is enough with the shitty comments about Keep. I happen to like and respect him, and we have disagreed many times. This does not mean myself or anyone else is a Keep groupie and I refuse to be bullied as such! I see more Keep bashing than the other way around in recent days and I will say this, it demeans not Keep but those who are insistent on continuing with their every post something personal and nasty. Why don't we do something new here, work together and with respect. Dontlop I respect you as well, you think out of the box and you do your research, but honest to god you are acting like a bully on a grade school playground! Seriously, mean spirited crap is not an attractive attribute and that includes your peanut gallery!

http://dinarvets.com/forums/index.php?/topic/74970-the-future-of-iraq-project-pdf-and-its-implications-for-the-iqd-rv/ I think this is what keep was looking for. I take that back I don't think that is what he wanted but I did find this, pdf file. http://www2.gwu.edu/~nsarchiv/NSAEBB/NSAEBB198/FOI%20Oil.pdf Oh I also found an interesting article on Iraq and their dinar. You go on Council Foreign Relations and hit full article. I haven't read it fully but had it on my computer and just don't know how to get it from there to here. http://www.cfr.org/world/should-iraq-dollarize-adopt-currency-board-let-its-currency-float/p5994 I forgot how much does CBI claim of dinar is out of CBI today?

Thanks Keep, I have to go to work for a bit, will do some digging when I can! The little one is about 2 years old now?

So Keep initially they did not change the currency code when they switched to the dinar we have now. Would they really have to change the code in an Re domination?

Makes perfect sense Zul so appreciative of input. I think you are correct, this site we are speaking of probably put this page up in 2005 is what I am thinking now.

Respect goes a long way for a productive debate. Personal insults high jacks threads and prevents new insights. Quoted from the Zigmeister.

Vomer as far as I can tell this page on this site has not changed for years. Why it is there? I don't know. So for now it means nothing but perhaps it was fodder for guru babble!

Well said. You ask a very intelligent question kcw, one who needs a response in this thread. What I found is the IQD currency code did not change when they printed the new currency we now hold. http://www.likeforex.com/currency-converter/iraqi-dinar-iqd_usd-us-dollar.htm/1990

I'm not a bunny.

I will bet you donuts to dinars, this is where the IQN story was created or the code came about. If it wasn't so sad it would be hilarious, going to the bank and insisting what I held in my hand is not IQD but IQN! Just the whole scenario is friggen funny!

You see Maggie that is my question. Well they may not have known, but yet......where did they come up with IQN?

I suspect this site Yota posted is where they they got the IQN story. They make things work for them in there is some validity if they need to use it. However I don't believe they mentioned this site before. But then I don't read them much, they have yet to be right. If I could figure out the validity of the site, just kind of curious, keeping my eyes peeled for another currency code. Listening to the guru's, I don't, it either pisses me off or depresses me. I would be willing to bet if the site had merit, they would have directed us straight to them to prove the IQN is real. ugh!

So what is your take yota on this site?

Interesting find Vomer.

I would agree. It is sad.

This is one of the things we must keep our eyes open for and hope we don't see it. But it is curious as far as this site is concerned that Yota posted. Only to mention it has been on the site since June. Which could mean nothing or a couple of things, one would be where the guru's got the IQN story in the first place. Clever they are when creating another dinar myth. For all we know the site misspelled IQD!

If they delete the zero's and print a new currency, usually they have to apply for a new currency code. Usually this is how it works as far as I know. So far uncirculd they have not applied for a new currency code. However they could have applied, I do not know how one would find that information, countries applying for new iso/currency codes. I do not know if it would even be published for public view. But as of Oct 2013 the currency remains IQD. And yes they can have two different currency exchanges at the same time, being traded for goods and services.

An Exclusive Feature of Global Financial Data By Dr. Bryan Taylor, Global Financial Data Chief EconomistCurrency History Descriptions In putting together currency histories for each country, we have tried to provide several important pieces of information. First, we provide political information on each country. This includes both a brief political history and codes for historical and current political entities. For example, we differentiate between Jamaica (JMB) as a British (GBR) colony and Jamaica as an independent country (JAM). We provide both a three-letter code for the country itself, as well as the code for the sovereign power over that country. Second, we provide a name for each currency. In some cases, no official currency name exists to differentiate one historical currency from another. Yugoslavia went through six Dinars after World War II, but did not provide a specific name for each. In those cases, we have provided what we feel is an appropriate name. A currency may continue to be used even if there are political changes in the country. Mauritius issued the Rupee both before and after it became an independent country. In these cases, we change the counry code, but not the currency code or name. Third, we indicate when each currency circulated within that country. Wherever possible, the dates represent when that currency was legal tender within that country. For example, the Euro was introduced in France on January 1, 1999, and the French Franc ceased to be legal tender on February 17, 2002. Both currencies were in use in france during that period of time. Fourth, we try to indicate the conversion rate between the new currency and the old currency. For example, it took 100 "old" French Francs to get 1 Nouveau Franc in 1960. In some cases, currencies can overlap in time as the country converts from one currency to another. Where possible, we provide the initial exchange rate between that currency and another currency if the authorities tried to fix the exchange rate to another currency. For example, the Romanian Leu was set at par to the French Franc Germinal when it was introduced in 1867. Fifth, we list the subdivisions of the currency. While it may be obvious that 1 Dollar is divisible into 100 Cents, few people outside of Great Britain remember that a British Pound Sterling was divisible into Guineas, Sovereigns, Florins, Crowns, Shillings, Pence and Farthings, much less how much of each was needed to obtain a Pound Sterling. We do this to make sure that subdivisions of a currency are not confused with actual currencies. Sixth, we indicate whether the currency circulated in the form of coins or banknotes. If the currency existed in neither form, it existed only as a unit of account. Where possible, we also provide information on the issuer of the currency. In general, there is a division of labor within most countries for issuing banknotes. Governments are usually responsible for issuing small-denomination notes or coins while (Central) Banks are responsible for issuing large-denomination notes. We have excluded some "currencies" for various reasons. First, many smaller countries issue commemorative coins for the numismatic community, but not for general circulation. These coins are not intended to circulate as legal tender, but only exist to generate profits for the government. For example, the Republic of Niue has issued numerous commemorative coins, but New Zealand Dollars are used for everyday transactions. Unless the government has issued coins or banknotes for circulation, the issues are not counted as a currency. During the Nineteenth Century, most countries allowed private banks, or local governments, to issue banknotes, or even coins. Local governments in Germany, China and other countries issued coins and banknotes at various points in the past. In general, issues of banknotes and coins by private corporations or local governments were meant as media of exchange, not as separate currencies from the ones issued by the central government. Private issues are only treated as being separate currencies if they were independent issues. For example, a number of local German governments and banks issued Mark coins and banknotes between 1871 and 1914, but they were not intended to be independent currencies. Moreover, the German Mark Banknotes were redeemable in Marks issued by the Reichsbank, and the value of the locally-issued coins depended upon their silver or gold content. On the other hand, China had multiple currencies during the 1930s and 1940s--one issued by the Nationalist government, and three issued by the Japanese puppet governments, as well as the Hong Kong Dollar, the Taiwan Yen, the Military Yen, and Chinese Communist banknotes. All of these were independent currencies, and they fluctuated in value relative to one another. The Chinese currencies were not redeemable in other Chinese currencies, and were legal tender in separate geographic regions. The German issues were only redeemable in Marks. Unfortunately, the historical facts are not always clear for some more obscure currencies, and there may be differences of opinion as to what constitutes a currency, but we have tried to make our history as complete and accurate as possible. Special appreciation goes to Alexander Ganze, who has reviewed the political histories to point out mistakes in the descriptions. This site has good information and is simple to read and understand. Well worth your time to read. https://www.globalfinancialdata.com/news/GHOC.aspx?article=GHOC_History_Descriptions.html I am assuming N for new.

So True and funny!

It is a high probability if a new code occurs we could be screwed. Protocol means an RD. The new currency would delete the zero's and have its own rate. We will see.

An Exclusive Feature of Global Financial Data By Dr. Bryan Taylor, Global Financial Data Chief EconomistISO Codes The origin of this history is the codes produced by the International Standards Organization (ISO) for currencies and for countries. The ISO has established two- and three-letter codes for almost every country in the world, as well as some geographic territories (such as islands). These codes are easily recognized whenever you receive e-mail. The two-letter code at the end of the Internet address is the ISO two-letter code for that country (CA for Canada, JP for Japan, etc.). The UN Statistics Division code has to change whenever the territory of a country changes because the code is used to identify data relating to all sorts of statistics e.g. population of a country or trade with foreign countries. The alphabetic codes change whenever the name of a country changes significantly because ISO 3166-1 does - properly speaking - not code countries but names of countries. The ISO has also established three-letter codes for most of the world's currencies. The codes change whenever a country replaces an existing currency with a new currency. For example, when Mexico introduced a New Peso in 1993, the symbol for the Mexican Peso was changed from MXP to MXN. When the Soviet Union split apart, creating 15 new countries, each new country was assigned a currency code when it introduced its own currency. The ISO does not provide codes for all currencies. The reason for this is that the money-issuing authority within that country must apply to the ISO for a new currency or country code. Curencies may not have currency codes for several reasons. First, some countries, such as Somaliland or Transdiniestra that are not internationally recognized, do not have country or currency codes. Second, countries may not apply for new codes when they introduce a new currency. Yugoslavia was under international sanctions in 1993, and did not apply for new codes while it went through four currencies in 1993 and 1994. Third, the ISO has not set up any historical currency codes for currencies that no longer exist. The goal of this history is to provide a single set of currency codes for all existing and historical currencies to the beginning of the Twentieth Century, as well as codes for some currencies that existed before 1900. Whenever the ISO has provided a code for a particular country, we use their code. If the ISO has not provided a code, we have created a three- or four-letter code for that currency. https://www.globalfinancialdata.com/news/GHOC.aspx?article=GHOC_ISO_Codes.html I posted this to understand ISO codes/currency codes. I thought it was interesting. Looking to see if Iraq has changed it's currency code and so far as I can tell they have not, so I guess we wait and see. Still unusual, perhaps someone here might have some insight.

As far as I can tell in my brief research of this company, it is respected by investors. But I don't know what to make of it. 't

It has been on this particular site since June as far as I can tell.

This is interesting. Thanks Yota! IQN? We have heard rumors of the IQN, the new dinar and apparently it exists. Is it stock. futures equities?

I wonder though, if the dinar we hold becomes internationally traded would they still be able to close the exchange to only Iraq if they redenominated? Also when they calculate how much dinar is out there their numbers include outside of Iraq. It seems to me if they intended to only exchange inside Iraq they would mention the numbers of dinar in house as being the total of dinar CBI will be responsible for. I hope they don't do this, perhaps opening a Warka account would not be a bad idea.