Bruce

Ok. You are 100% correct. But if you read the initial quote, he said "nationally" and it is a nationally recognized currency. It is recognized in Iraq. It is NOT, however, an internationally recognized currency. Read it again. What does the history of the Dinar have to do with anything? It's history. History means that it already happened. It has nothing to do with what will happen. So if you disagree with someones opinion, you call them names? That's how you deal with things? WOW!

No, you don't get it. A LOP is a neutral move that doesn't change the value of anything. It is called redenomination. Look it up. As far as "THEIR CURRENCY WILL NOT BE RECOGNIZED AS A TRADEABLE CURRENCY NATIONALLY". It already is! You need to confirm what you post because none of it is factual.

Everyone here is in denial. XE.com The World's Favorite Currency Site XE header Home - Currency Encyclopedia - IQD - Iraqi Dinar IQD - Iraqi Dinar More currencies Iraq, Dinar The Iraqi Dinar is the currency of Iraq. The currency code for Dinars is IQD, and the currency symbol is د.ع . Below, you'll find Iraqi Dinar rates, a currency converter, Iraqi Dinar News and more. You can also subscribe to our currency newsletters with daily rates and analysis, or take IQD rates on the go with our XE Mobile apps for your iPhone, BlackBerry, or even your regular phone. The Central Bank of Iraq has announced their plans to redenominate the Iraqi Dinar to ease cash transactions. By the end of 2010, they intend to drop three zeros from the nominal value of bank notes. It should be noted that the actual value of the dinar will remain unchanged. That means that 1,000 IQD (pre-redenomination) and 1 dinar (post-redenomination) will both be worth the same amount in US Dollars. As stated by the Central Bank of Iraq, their mandate is to "ensure domestic price stability and foster a stable competitive market based financial system." For more information about the redenomination, read "Iraq plans to slice three zeros off currency notes."

Thanks Uncle Rico

OK I've just finished Googling it. I have not found one official agency that says they will not drop the zeros.

Where are these articles? I would like to read them. I'm not trying to be negative, only realistic. I don't want to be in denial of the facts.

It's not an opinion. It is what was reported by the official Bank of Iraq and well respected news agencies.

IT IS A LOP! It is what i've been trying to tell everyone for months. Everyone is saying it's "smoke and mirrors" and "propaganda". However, this has been reported by the Central Bank of Iraq, Reuters News, BBC,Radio Free Iraq, and others. The point is that these are all official and recognized institutions that have publicly said they will drop three zeros from the current bills. There is nothing from the naysayers that has been reported by ANY recognized institution or news agency to dispute this fact. IT IS A LOP!!!!!!!! Let's move forward people.

Why is everyone getting so upset? What happened to all of the people complaining about the rich people in the USA not paying their fair share of taxes. That is what this law is all about. Rich people hiding their profits and not paying their taxes. And further more, what do you have to hide by giving up that info to the US about your offshore accounts unless you are hiding something. I'm sure everyone here is paying their taxes. So then, how does this law affect you?????????????????

Don't quit your day job.

Sheep and wolves

I've been tellin y'all this for months. This is how it's gonna happen

If you divide the amount of reserves in USD 43 billion by the amount of Iraqi dinar in circulation 25 trillion you get .001720 and that is about where we are at.

WRONG. RD first

Currency redenomination as of January 1st, 2008 New currency basket will include 1 -cent and 12.5 -cent coins The currency redenomination process undertaken by the Central Bank of Venezuela and the National Executive as of January 1st, 2008 will include 1-cent and 12.5 -cent coins. The announcement was made today by the president of The Central Bank, Gast