daseru1207

Grant it, I don't believe everything i read in the paper or off the internet. I just feel that Iraq will not suffice into paying all these investors (all of us) millions and millions of dollars for their currency if they already have plans in place to LOP their currency.

I still think they are going to take the 3 zeros off the actual bank notes. For example, a 25K note will be worth only 25 dinars... i went to xe.com and click on the notice which says "Notice: IQD will be redenominated by the end of 2010. More on the Iraqi Dinar" When you click on the "Iraqi Dinar" link, this is what is says: 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." NOW, if you click on the "Iraq plans to slice three zeros off currency notes." link, this is what you get, an article from Thomson Reuters website published in Feb. 2010. NOW, i have not seen, either on web or news, any news articles that contradicts this article. I have not seen any proof that Iraq will NOT LOP its currency. Of course you hear people like Medic and others that have intel and some confidential sources that say otherwise, but unless someone can actually PROVE this to be false, we should consider that this is what MIGHT HAPPEN. If anyone can provide a REPUTABLE website with an article stating the that Iraq will not LOP, please direct it to me....

I'm referring to the "notice" section of this post....it says the IQD will be redominated by the end of 2010....

I JUST COPIED AND PASTE THE FOLLOWING FROM THE XE.COM SITE: Live rates at 2010.03.03 16:00:03 UTC Notice: IQD will be redenominated by the end of 2010. More on the Iraqi Dinar 1.00 IQD = 0.000857339 USD Iraq Dinars United States Dollars 1 IQD = 0.000857339 USD 1 USD = 1,166.40 IQD Trade Currencies. Click here!! GO TO XE.COM AND SEE FOR YOURSELF.....