jas428

Bank accounts/electronic funds supposedly will be effected just as hard currency. They absolutely can and will make a bank account with 1,000,000 dinars equal 1,000 dinars if they chose to delete the zeros. And in your example of the 25000 dinar and someone else having 100 250 dinars - I respectfully disagree. The 250 dinars would also have zeros removed and become 100 ".25" coins...so a 25000 becomes a 25 and the 100 250'4 becomes 100 .25's, thus they still hold the same value as each other. Again I strongly hope and pray for the zeros not to be removed, but this is how I've seen it explained for years and the articles seem to back that up (hopefully they're not truthful articles!!) Just my opinion of course....

I TRY not to think about a lop, but it's been said that the lower denoms will also be lopped and be worth what our US change is (.05, .10, .25 etc). the theory is that the lower denoms will be worth approx what our nickels, dimes, and quarters are worth so as to be more on the same page as the USD.

meaning the new dinar will be worth that amount - not the dinar we all hold now.....

Bondlady what are you seeing in this article that we all are very clearly missing?? Thanks :-)

Its notactually a lop if the Rv is on the new currency without the zeros. If they rv the new currency it still is technically worth more than it is now and Shabs is still gaining popularity of the people. It just turns out that an rv of the new currency isn't going to make any of us wealthy. ( But it would still add value to their country and that's what's important I suppose).

Agree! I don't understand either :-(

Maybe I'm reading this wrong but it looks as if they are clearly defining an RD before an RV??

Thank you for the responses, I guess this proves how many different interpretations there are! I've heard a lot that the removal of the zeros will affect us no matter what - even warka and other electronic bank accounts will be changed with the new denoms when the zeros are removed. So I assumed it will effect us all no matter if we are in country or out.

I've asked this before and havnt seemed to find anyone who could answer so here's to round two! My question is this: If we were to RV at a 1:1 rate, am I right on the following? 25000 IQD : 25000 USD 25 New IQD : 25000 USD ( bc they keep stating that the 25000 dinar will be equivalent to the new 25 dinar in value) So.... 1 new IQD : 1000 USD? That's just crazy ridiculous to me so I'm assuming I'm misunderstanding?!?

VERY innocent question here....if they make the new stuff the same value as the old stuff....(assuming RV before RD) wouldn't that mean the following?: 25000 iqd : 25000 dollars 25 New iqd : 25000 dollars...which means 1 new iqd will be worth 1000 dollars each? (Using the example of a 1:1 RV)m maybe im misunderstanding but its been stated that a 25000 dinar will be able to buy the same item as a new 25 dinar so they'd both be equal to 25000 dollars if they RV'd a 1.00 dollar. That just sounds a little bit high to me( a new iqd being worth 1000 dollars)? However, if they didn't make both currencies worth the same amount, noone will exchnage the old for the new bc the old will be worth more.

My sister is a Captian in the armed forces with 20+ years of experience and over 10 deployments....trust me, they arnt pulling out by the end of the year. She's already gotten assignments well into next year (of course its all confidential so I know no details) but when talking to her it seems funny to them that there is even a rumor about pulling the troops out. And I trust her intel much more then the media and administration!!

That is a great explanation, thank you. So are you also agreeing that the deletion of zeros is within the country of Iraq only....or do you think we will have to exchange our 25000 dinar for the new 25 dinar also? You have very good explanations in laymans terms - thank you for that.

That would be wonderful, however, I question that information because how can they allow us to have 25000 dollars for a 25000 dinar, and only allow the Iraqi people to have a 25 for their 25000 note that they had to exchange for a new 25 note? Wouldn't that cause utter chaos and an uproar from the people?

I guess I am hoping someone could shed some light to those of us that are (hopefully) interpreting these articles wrong. Is it that everyone thinks these articles are lies? Is it that they don't think Parliament will approve the bill? There are way too many people excited when these articles come out that makes me second guess my interpretations....what I see is "we will delete the zeros, lower the cash base, and THEN the remaining money will be revalued (not a good thing for us.)"...but what I hear from others is "we are getting closer!". "Go RV!". "I love these articles!".....so I'm dying to know what I'm missing!!!! :-) Thank you BL, I just am interpreting the good things in this article as happenning after the zeros are deleted, which in turn means an RV wouldn't have any bearing on the dinar I now have (only the new). Again I understand the wording sounds goo...until I hear things regarding the purchasing power being raised, exchange rate increased, etc, will all happen AFTER the zeros are deleted. Surely I'm misinterpreting this?!?! You're help is much appreciated for the "blind" such as myself!

Still staying positive on the fact that I am obviously missing something here. Pease don't bash me....I simply interpret this as "raising exchange rate AFTER deleting the zeros." What am I missing that keeps everyone so positive about this - I need in on the secret because I'm deflated right now :-(

Actually that's why I originally asked this question....I've seen dozens of artilse stating that indeed "one 25000 is going to be equivalent to one new 25 dinar.". Some even go as far as to state "one can purchase the same item worth 25000 dinar with either a 25000 bill or a new 25 bill.". So to me that sound like they are removing the zeros and keeping the value the same. Which is why I asked which one of those values will be worth 1.00 usd? Obviously 25000 iqd and the new 25 iqd cannot both rv at 1.00 dollar.

I am not a lopster and. I simply wanted answers but its already turned into immature arguing. If anyone can explain this concept without name calling and insults please respond. If you've translated the articles a different way and it leads you to be excited....can you please share the difference in translations?

Could someone please explain to myself and all others who have asked this same question how its a "good" thing that they are clearly RD-ing and then RV-ing? Its asked a lot and for some reason its always skipped over and lost in the mix of "GO RV-ers." Yes I've researched it and no, there is never an answer. For examples sake: A 25000 bill is RD to a new 25 bill. The new 25 bill is RVd at 1.00 so I now have 25 dollars. How is that good? I'm not a lopster....I just want some authentic knowledge and specific answers to this particular question. People are getting so excited about all of the recent articles and I want to get excited too - so I guess I feel I am missing something. All of the articles seem to state they will RV after RD (which is what we don't want)....please help me understand so I can get excited too!!

;-) much appreciated. I think its easy to make the assumption that "there is not enough money in the world to cover even a 1:1 RV" but when you research/understand the sheer logistics of how the worlds financial system works...its simply amazing. There may be trillions of currency circulating worldwide, but there are reportedly quadrillions in actualality if you count all of the factors involved. Way too confusing for many....I understand that! Thanks for the complement..

Yes I am new to this forum, but no, I am by no means new to this investment...or the investment world in general. I've read through a lot of posts but its impossible with my busy schedule to read through thousands of them, so forgive me if this was posted before (in different terms of course). In summary, I value everyones differing opinions on RV vs RD vs Lop - as we can all at least agree that there are pretty good explanations for all of those scenerios. I, however, have a positive way of explaining (hopefully in laymans terms) the concept that some believe there will not be enough monetary funds worldwide to RV the trillions of dinar. There is a lengthy explanation that goes with this but it makes more sense to narrow it down to explain that the majority of the "trillions of dinar" in circulation WILL NOT be cashed in the way some people think if/when there is an RV..... Here goes: In the case of an RV.... MOST of the outstanding IQD will NEVER be cashed in. It will simply sit in the foreign currency accounts / treasuries of the governments around the world. Furthermore, the BULK of the remaining outstanding IQD will simply remain in circulation within Iraq, ultimately having been retired into the CBI. Finally, the ONLY concern is that which is held by you and I. Even a large sum of that will be held, yet again, by our respective governments’ treasuries. We’re talking fractions will be cashed in compared to what is really out there. The foreign reserves won't just call up Iraq and cash in, the citizens of Iraq themselves will not cash in (would we cash in dollars for dinar? No, because we are unable to use them within the usa - and the plan is to eliminate the use of the usd in iraq), and as hard as it is to believe, the amount of we, as investors, is minute compared to the world reserves. so all in all I hope that clears up some things from a different view. Please understand that the trillions of dinars will not be cashed in as some people think. There is a much more complex monetary/trading/debt relief/ reserve system in place worldwide where it is far more important for countries to keep those dinars (no matter their worth) within their reserves than to ever cash them out. Sorry for the length....