W8N4RV

It's articles such as this one which keep lots of people well off balance and uninformed. There's good information here along with the links but, he's way off base in terms of the rate he mentions. I have half a dozen articles saved confirming dollar parity (1:1) as a baseline for this project. Saleh even said, "One dollar per dinar for Jassim..." a long time ago. Then, there's the study conducted by the university a few years ago when this was first introduced which confirmed $1.1734 as being a very stable exchange rate for the future dinar. Scooter put all the numbers together, looked at Iraq's M2, and all the money "shrinked" from the local market and came up with approximately $1.42 (+or-) as an initial rate. Iraq will not hit the market with a $3.00 rate as their economy isn't as stable or developed as it needs to be. However, they absolutely do possess the resources to click off a $5.00 plus rate but, it would kill the economy, and fast, at such a rate just as the silly $.10 rate that Adam Montana suggested a while back would also. They want to get rid of the dollar, PERIOD, and be able to function in the WTO and $.10 would not accomplish this. Even more so, the local citizens would definitely not even remotely be motivated to use the new dinar if our dollar, the "foreign currency", is still more powerful at the $.10 rate mentioned by Adam. How he completely looked over all these issues which Shabibi and Saleh have metioned as being primary...I just don't know. So, as you can see, we're looking at an initial rate of around $1.17 to maybe, just maybe $1.40 which is perfectly fine by me. Anyone suggesting a rate higher than this should really go back about a year and study all the articles very closely and, then, crunch the current numbers provided already. I hope this helps to keep people grounded who are constantly relying on far fetched guru intel. Most of those guys, if you showed them a huge hole in the wall then told them to look in the mirror...they wouldn't see any difference.

You're right...I posted the wrong article altogether. Below is what I meant to post in regards to the exchange rate and how they plan to implement the process. Sorry 'bout that. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ CBI: Deleting the zeros law will strengthen value; Economist says Dinar to equal one USD Posted: October 10, 2011 by THE CURRENCY NEWSHOUND - Just Hopin in Iraqi Dinar/Politics Tags: Central bank, Central Bank Iraq, Currency, Deputy Governor, Iraq, iraqi, Iraqi dinar, Revaluation, Saleh Dinar is equal to the dollar Deputy Governor of the Central Bank of the appearance of Mohammed Saleh: that the bill included proposals for a new currency and the groups that carried and details of technical and economic. Saleh pointed out during the permit media to switch the currency and the deletion of zeros decision taken by the executive branch and approved by the legislature, and that the project will not be implemented hastily, but will be taken among other factors to consider before you start to implement it, including the date of the financial year and the strength of the national economy, among other indicators in the favor of the view that This law, if approved, will have a positive impact on the Iraqi currency in several aspects of the need during the next phase, which will strengthen the value of the Iraqi currency. He described the favor of a system of cash payments of the current Iraqi regime miserable, noting that the largest denomination in which value does not exceed twenty dollars, stressing that the deletion of zeros will enhance the value of the Iraqi currency, and reduces the cost of handling cash, currency should its current estimated size of today Petrlionat dinars, making the process of dealing monetary cost is high. And the concerns of rigging the new currency in the event made or it will affect negatively on the economic situation, responded in favor of: that it reflects the look bleak, do not forget that there are other countries in deciding to switch its currency and dropped them zeros, such as Turkey, Romania and Brazil, without being of its economy to shocks and thus Iraq is not engaged in unknown waters or walking on the road did not knock him one before is likely to include the new currency for the population of the coin by the paper. The increased zeroes on the Iraqi dinar to the days of inflation, which came on the value of the Iraqi currency as a result of previous wars and the subsequent economic blockade was over, the currency of Iraq to the paper was printing the former regime, issued in large quantities without the cover, while the Iraqi dinar until the mid-eighties equivalent of more than three U.S. dollars. But the adviser to Iraqi Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge said in a press statement: that corruption is rampant in state institutions and the low level of efficiency and economic situation in general at this time not in favor of lifting of the zeroes. He pointed to what he said that he was pitfalls will change the currency, and the deletion of zeros, including the risk of fraud and increasing the demand for goods for reasons of fake due to payment of dinars instead of a thousand dinars, as now, explaining that the re-printing of new currency will have the costs of expensive, stressing that attempts will be made to convince the bank Central plans to slow down in this regard. Previously, the President of the Iraqi Securities Commission confirmed that, earlier, that the deletion of zeros from the Iraqi currency will not affect trading in the Iraqi Stock Exchange and its shares The director of a money transfer companies externally Sami Rashid: I think that lifting the zeros from the currency will increase confidence in the currency, and will lead to increased purchasing power of citizens, and the phenomenon of trading blocs will drop large cash used by Iraqis since the nineties. He believed economic analyst Talal Jassim said the switch of the Iraqi currency a necessary but pointed to the need to provide the conditions necessary for its implementation, particularly the security and political stability, adding that the relative stability of the Iraqi currency after the issuance of currency recently, and the result of the return link Iraq to the global economy and the availability of reserves of foreign currency due to oil exports , encouraged the Central Bank to consider the deletion of zeros. Jassim (economist) added that the lifting of the zeroes of the three will lead to an exchange rate of one dollar per dinar to Jasim, who called to the need to follow the policies of peaceful citizens and to persuade them to get used for a period not exceeding two years.

Hi All! I'm new here but, not new at all to the dinar as I've been invested since 2004. I, like most others here, surf the web for pertinent information regarding the revaluation, and, I only retain what I know to be factual as opposed to the guru's opinions. I'm sure we've all had our fair share of, It's done!!", "The rate will show up only in Iraq!", "The screens are showing $8.61!"...so forth and so on. Anyhow, I felt that I'd start off with the latest validated intel about the currency itself which I found over **************************************I hope the link works. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Eight years ago this week…Bush Hails New Currency Ahead Of Launch Posted: October 14, 2011 by THE CURRENCY NH - Just Hopin in Iraqi Dinar/Politics Tags: bush, CBI, Central Bank of Iraq, Currency, Dinar, Economy of Iraq, IQD, Iraq, shabibi, United States Iraq: Bush Hails New Currency Ahead Of Launch By Kathleen Knox Prague, 13 October 2003 (RFE/RL) — U.S. President George W. Bush has hailed the launch of Iraq’s new currency as an important milestone for the Iraqi economy. In his weekly radio address on 11 October, Bush said the new currency will help unify Iraq, which had previously used two different versions of the dinar in different areas. “For more than a decade, different areas of Iraq have used two different versions of the dinar, and many of those notes were counterfeit, diminishing the value of those that were genuine. The new dinar will be used throughout Iraq, thereby unifying the economy and the country. The new currency will have special features that will make it difficult to counterfeit,” Bush said. Bush also hailed the new currency as a sign of economic promise. “Following World War II, it took three years to institute a new currency in West Germany,” he said. “In Iraq, it has taken only six months. And the new currency symbolizes Iraq’s reviving economy.” Iraqi officials began burning the old money in August, after coalition leaders announced they would change the roughly 4 trillion dinars in circulation. The new bills no longer bear the image of ousted Iraqi leader Saddam Hussein and will begin circulating on 15 October. It is hoped the change will help restore monetary stability in a country long used to having Hussein’s regime fuel rampant inflation by printing banknotes at will. In Baghdad today, Iraq’s Central Bank unveiled the new notes for the first time and burned thousands of old dinars in huge underground furnaces. The central bank governor’s deputy, Ahmad Salman Muhammad, said the bank has already absorbed a “good portion” of old banknotes still in circulation and will carry on burning old notes in the coming weeks. “All the money [which is] on the market now, we are going to burn all the money we have issued before,” he said. The new notes are printed in England and come in six denominations instead of the single 250-dinar denomination used currently. Instead of Hussein, the new bills bear pictures of ancient Babylonian ruler Hammurabi and a 10th-century Iraqi mathematician, Abu Ali al-Hasan ibn al-Haytham. They will be exchanged one-for-one with the Saddam dinar, which circulates in most of the country, and at a rate of 150 new dinars to the so-called “Swiss dinar,” which is used in the northern Kurdish areas. They are also convertible into dollars, at a rate of around 2,000 to the dollar. The changeover is to last three months, which Central Bank Deputy Governor Muhammad said is enough time for people to change their cash. “I think the time, three months, is enough and even if it is not enough we can do it [for] like two or three other months,” he said. It is hoped the security features will make the new notes much harder to counterfeit — a major problem with the currency up to now. Forgeries circulated easily since Iraq