lotsofdinar

I understand! Some folks seem to have a lot invested emotionally in this dinar thing, though. That can really screw with your life.

I think RVing the 000 notes would do nothing for Iraq. What country would recognize an arbitrarily set value? That's what Saddam did.

I'm part of a group of hobbiest currency speculators who make large group buys in a varity of currencies to spread the risk. So I have no emotional attachment to the dinar.

Why would they want to exchange it for USD? And what difference would it make. The Iraqi would get the same amount. TQ, it would be nice. But I invested expecting a more believable outcome.

I think it will either stay the same or RD. Neutral events. In either case, the value of the currency will gradually increase as the country becomes more productive and stable. I am thinking over a 10 year period. That's why I bought dinar (well the digital version sitting in Iraq). Out of country hard currency is risky.

The two 25k notes are worth exactly the same as the 50 note to the Iraqi who holds it. Nothing changes. The imported stuff isnt bought with dinar, it is bought with USD.

Because in country, a dinar is a dinar. You keep thinking in terms of USD. In country, everything is going to adjust.

I don't think there was ever a "note" but I think they were trying to say that one must turn in two 25,000 notes to get a 50 dinar note. " Thats the way I understand it.

OKIEOILMAN: DO NOT GO CRAZY AND ORDER A BUNCH OF DINARS BASED ON THE INTEL WE NOW HAVE---MURPHY'S LAW MAY INTERVENE" And there is Okie's exit stratagy. But, how does Murphy stop something Okie says already happened.

Well, TQ, it's never been done that way before, but I guess there is a first time for everything.

branded, RDs have happened many times, and in exactly the way you say is not possible.

.how can they LOP or "delete the zeroes from the currency" when the large and small notes will co-exist??" It has happened many times in RD's over the decades. What you are saying can't happen has certainly happened before. Google it.

And please tell us, how this would raise the "exchange value" against the dollar ?" Simple, it reduces the Dinar in country. To get to 1:1, you need 1 dinar for each dollar in reserves.

If it was free floating and they removed significant currency from circulation, then the value of the remaining notes goes up automatically." If it was free floating it wouldn't make a bit of difference if they removed currency or not. They are no longer in control of their exchange rate if free floating, the markets are. But it would be crazy for a country like Iraq with 90 percent of exports being oil to free float their currency. And the only reason an RV could make Americans rich is because the dinar is pegged to the dollar.

Removing all the three zero notes from circulation and then revaluing 1000 times would have almost the exact effect on the exchange rate in Iraq as removing the zeros from the currency. It is really different ways of saying the same thing. The only ones to benefit from the RV scenario would be speculators outside the country.

Truthful, why would making it more expensive for businesses in the U.S. to invest in Iraq bring in more investors?

A country has to honor the FACE VALUE of a banknote." No, they don't. Every country that has redenominated, and there have been many, have not honored the face value of the banknote they RDed. In fact, most have simply declared that money outside the country cannot be exchanged, making it worthless. There is a long history of RD's and how it was done.

We have the same currency the Department of Treasury have." The problem is that it is pure speculation that the UST has significant amounts of Dinar. I'm not sure how the same folks who insist they have it, also say it is a closely guarded secret that they do. That seems contradictory to me.

Deleting three zeros from the currency would effectively decrease the exchange rate by 1000. Is that what they are going to do? I don't know, but that appears to be what they keep saying they are going to do. I know it is a popular belief that to the CBI, deleting three zeros from the currency means removing that currency from circulation, but I've seen nothing official from them that would indicate that to be the case. Removing those zeros off the dinar would make the resulting dinar worth 1000 times more, without having to RV. Will that be the outcome? Beats me.

When the dinar went from 1170 to 166, wasn't that in fact an RV?" Well, in the sense of a dictionary definition it was an RV, but it was only .34 percent. An RV of 1000 percent, where the U.S. has to cash that check because Iraq is pegged to the dollar, is a whole 'nother kettle of fish.

And now we know the real reason the auctions have been low. So much for the endless theories.

The IQD is not traded on Forex. The feeds you see on the web are NOT Forex. Not Forex. Not Forex.

I'm not sure why Shabs says this over and over. All he seems to ever say is, "I can do lots of stuff to fix lots of stuff," but rarely actually does stuff.

Well, fnb, wherever the money is going, these Ministers want the old folks to get the part of it they were promised.

Exactly, Hopeful, Shabs just did exactly what he said he was going to do. And did it immediately!