TexaSwa

You got me... I meant to say "expense". Typo sort of. I meant one thing and said another. I also understand what you are saying that the 25iqd note will only be worth $25k if someone is willing to pay, and agree to a point. If it were like a stock IPO, introduced at a predetermined price and allowed to immediately float based solely on buy/sell orders on the open market, then I believe you would be spot on. But being a fledgling currency I believe it will be supported by forces outside the open market that will hold it at the initial price for a time at least. Think ERM, oil contracts, pegs to other currencies. Its not as if im putting my dinar up for sale to another investor on an exchange, but taking it to a bank who, in turn, trades it with IRAQ.

Kent, I follow what you are saying about Iraq owing more after an "RV" to a point. But i am not sure I see it exactly that way, or that it is that cut and dried. While it is true that, assuming a 1:1 "RV", Iraq will have to pay out $25000 for every 25000iqd, the IQD that is being returned to them is also worth 1000 times more than it was before. I believe it would be more of an asset transfer on a balance sheet rather than a liability on an income statement (to put it into accounting terms). If the money they were buying the IQD back with was solely from the money they sold them for, then yes, there would be a huge deficit. But supposedly much of that is being forgiven, traded for contracts, supported by natural resources... etc.

IF the "lop" three zeros, its a slide of the decimal point three spots to the left. 25000.00iqd becomes 25.00iqd. The decimal move also occurs in the exchange rate. The individual dinar value in USD goes from $0.000869 to$ 0.869 Your total value is UNCHANGED. 25000iqd x .000869usd = $21.75 and 25iqd x .869 = $21.75 Hopefully this is NOT what is in the works.

There are no 10 dinar notes in existence at this time. They would be printed after the redenomination, if the scenario in the article plays out, and would then be worth roughly $8.

Drew, you are going the wrong way with the decimal point on your example. Regarding a lop, when discussing dinar per dollar the decimal goes left, 1170.00 becomes 1.17. Dollar per dinar goes right. .00087 becomes .87 I understand what you are saying regarding the removal of large bills in the U.S. I just don't see that as what the "free press" article is describing. Of course, I hope you are right! I am not debating whether or not a LOP makes sense. I don't think it does, and lots of other news lends itself to that. I am debating the scenario that the article is describing, not its validity.

I thought he was talking about an "old" 50 dinar. I dont think they exist. STLOU, 25000 iqd at 1170 per dollar becomes 25 iqd at 1.17 per dollar. The value of the individual dinar increases. The number of dinar represented by a note decreases. Total value stays the same.

JR. Remind me to slap yo' mama!

Close, per the plan outlined in the article they will be worth .05 IQD. Just as your 25k note will be worth 25 IQD. 1 IQD will be worth roughly 1.17.

Re read my explanation. The dinar does not lose value. It GAINS value. You just fewer dinar. Same overall value. KKJK, the article did not say remove the currency with the three zeros from circulation. It said drop three zeros. Which means move the decimal point. Or redenominate. Same thing. When you reduce every 25k note to 25IQD it reduces the currency in circulation by 24975IQD per changed note. And also increases the value of the single IQD commensurately. 25000 becomes 25. 1170 per usd becomes 1.17 per usd. Hope this helps.

50.00 will become .05 exchange rate... 1170.00 will become 1.170. No net gain or loss. "Dropping zeros" is actually moving a decimal point.

"Lopping" "Redenominating" or removing zeros is accomplished by shifting the decimal point at the end of the note. This, in effect, removes currency from circulation, and increases the value (exchange rate) by a commensurate amount. For example: 25,000.00 note becomes 25.00 10000.00 becomes 10.00 5000.00 becomes 5.00 The decimal point moves three to the left. The IQD/USD exchange rate goes from 1170.00 to 1.170. Same decimal point move. The Iraqis have the same amount of money before and after. Price of goods... same decimal point change. They will then print smaller notes This is how it works, This is what the article was saying. Its really pretty cut and dried. Here's to hoping its just negative propaganda.

Didnt say "remove three zero'd bills". Said "remove three zeros FROM the bills". I like your idea but im afraid its wishful thinking.

You, too, need to check your attitude. The word "LOP" is a slang and is not used professionally. Its called Re-Denomination. I can read Chief

Check your attitude chief... No one is saying that a "LOP" makes sense considering the low inflation rate, only that the article suggests a "LOP". As far as the two currencies coexisting, not a problem. The three zeros on the old 25000 become meaningless, it holds the same worth as the new 25. And no, the U.S. did not "LOP" the 10000. If they had it would have become worth 100. They just didnt print anymore. Its still worth $10000 today. If you turn it again at a bank, they will give you change in lower denominations and the old bill will be not be recirculated.

Anyone else find it suspicious that, no matter whether the article is true or not, none of the "talking heads" are willing to admit that its wording lends itself to a "lop"? "NO, NO, This is a good thing... These are not the droids youre looking for... buy more dinar..." Hopefully this is just "negative propaganda" but their unwillingness to accept the message, whether true or false, speaks volumes.

Denial... Not just another river in Egypt.

Nahhh... Superbowl party.

Use some common sense??? Isn't he talking about a rumor HE posted? Use some common sense... RIGHT...

BUMP Does anyone know if the guy in the video is ALI?

Is that guy Ali?

!!!!!!!!!!!!