Mak63

This equates to approximately $.20 to $.50 per dinar (not the $4+ connected to the upcoming RV). For those of you with more experience, what does this line out of the article mean? It's where they talk about the trillions the US has going back to Iraq for oil at $33/bbl or less. Does it mean the Dinar will RV at $.20 to $.50 per dinar? Thanks, Mak63

Please explain the difference between $0.85 and $1.17. I don't see the correlation. Thanks, Mak63 AND that $0.85 ONLY applies to the NEW Dinars, not the old. The old does not change. The difference you're speaking of is the Old Saddam era dinar or is it what would become Old Dinar with the new "lopped" zero Dinar coming out? If the 25K notes stay in place, will they be RV'd at the same valuation as the lopped notes? Thanks, Mak63

Thanks Machine. Seeing all the different posts on both sides, it's hard to differentiate who's right and wrong. That's why I posted this observation. It seems Adam is deeply into the RV and I don't think someone would do some of what he's done if there wasn't a verifiable monetary incentive. Q: What are the chances that my 25,000 IQD notes will be worth 25K vs 25, no matter what the valuation comes back at? Many thanks folks!!! Mak63

I've been watching for a while and just decided to join and make an observation: If there are roughly 30 trillion IQD's and they RV'd at US$1.00 each, that would mean the government of Iraq would in essence immediately be on the hook for $30 trillion. How would they come up with that kind of money................ from a country with a $76 billion budget? It would appear that the "lopping" of the 3 zero's and bringing the trillion's down to billion's would help on several fronts including inflation by reducing the number of monetary units outstanding and by reducing their exposure to all of us trading in our IQD's when they RV. Also, if as I did, IQD's were purchased at the 1170 level, then does it seem that it would have to RV at $1.1750 or basically $1.18 per IQD just to break even? Thanks, Mak63