colbyco

Sorry that you don't get it because perhaps your mind is bent on believing the smoke the Cbi creates! wake up dude !!! if my theory of removing only one zero as stated many times here comes to fruition i would be cashing out! thus no need for exchanging notes.The notes we cash in then will be retired.The Cbi does not have to open their books to anyone while in the chapter.

http://www.indexmundi.com/g/g.aspx?c=iz&v=65

Guess you just don't get it ! The new currency and the old will coexist untill they retire the old notes.Nobody said anything about exchanging one for the other.In order for Iraq dinars to be Internationally recognized the currency must show their true value and not the dirty float of 1169 dinars to the dollar.They must open their books to reveal it if they want any credibility. Remember they have to reveal those numbers to the IMF in which they owe money.

Do you really think there is 25 trillion dinars in circulation? then can sell you land on Mars? The Cbi won't reveal their true figures ! Just like the "dirty float "exchange rate.The 27 billion dinar money supply would require an exchange rate of more than 3 dinars to 1 dollar in order to be Internationally recognized the true float.If the Cbi were to revalue to 1:1 after dropping the zeros there would be so much corruption trying to get the new dinars that most poor Iraqi simply won't have them especially if everyone knows they will increase in value.These notes would be a Black Market item and corruption would be rampant .So your theory for Iraq's population of 30 million people plus every Tom,**** and Harry not to mention other countries holding dinar as basket currency don't make sense.

they will replace all current notes period!but within time.The old notes and the new notes will have the same value except the old notes will have an extra zero,but within time they will be withdrawn from circulation. You fail to see that Iraq didn't print their currency. The US did ! bet you didn't know the Cbi is not owned by Iraq!

Money supply is the key when taking about dropping zeros.Dropping three zeros will cause such a demand for the new Dinar that the average Iraq citizen poor as they already are won't have any of their own dinar. That will lead them back to the dollar something Iraq is trying to aviod. Three zeros removed would bring the money supply to around 25 billion dinars if you believe they have 29 trillion dinars out there,Still would create a currency shortage,but we all know that 29 trillion dinars is false.More like 3 trillion after years of buying back their own dinars, now try taking three zeros from that figure!Simply can't work period.Taking only one zero makes common sense and have a money supply of less than one trillion.

Well they will have to replace the notes with the extra zero,i don't dispute that!But that will take time!meanwhile the old notes can work fine with the absence of one zero.Same as replacing worn notes with new ones.Removing three zeros will overlap the denominations and lead only to confusion for the Iraq people also remember the Cbi has and continues to reduce the money supply. Why do that only to lop? Also removing the three zeros will mathematically create a huge value with a shortage of currency .I don't think the IMF had this in mind when Iraq asked for their help.

Cbi 's smoke! current denominations can only work by deleting only 1 zero.

Look at the denomination of Dinars and you will see that if you drop only one zero it makes sense.All they need is to put out the 1 and 2 dinar coin which they have already.Of course this is temporary and will work smoothly until the new notes are printed, which will take time to print.This will not confuse the average Iraq citizen at all.Remember the exchange rate after dropping one zero will be 1 dinar to one dollar,which is equivalent to you cashing in your Dinars at .10 revalue.

By removing only one zero will reduce the money supply to less than 3 trillion dinars, but as we all know the Cbi has been reducing supply for years so that figure will be way less than that.Nobody knows the amount the Cbi reduced it to! The exchange rate today hasn't moved in years why? might you ask? Cause they are buying their Dinars back cheaply at a dirty float.

Logic by denominations out there will only support one zero of removal. you can't take two or three zeros and make change for those denominations period!! the removal of one zero can have the appearance of removing three zeros as the Cbi is out to confuse you. Look 0.00 and not 000. Read more:

Logic by denominations out there will only support one zero of removal. you can't take two or three zeros and make change for those denominations period!! the removal of one zero can have the appearance of removing three zeros as the Cbi is out to confuse you. Look 0.00 and not 000. Read more:

Logic by denominations out there will only support one zero of removal. you can't take two or three zeros and make change for those denominations period!! the removal of one zero can have the apperence of removing three zeros as the Cbi is out to confuse you. Look 0.00 and not 000.

The whole issue is about the Cbi and how they are working to reduce the money supply,which the average citizen has no confidence in,thats why they use the dollar

Just my opinion so don't take it wrong. This is the only logical answer that makes sense period, especially on how the denominations of the Dinar today can be used just as the dollar minus one zero and a revalue.It just simply can't work by deleting more than one zero.

The Cbi is trying to reduce the money supply so value can be added to the Dinar.The process they explain of deleting three zeros is mathematically impossible to allow the currency to exist in it's state,never the less coexist with the new Dinar they say they want to introduce.They simply create smoke so their own people think the current Dinar is worthless so they can pull in all they can.Imagine all Iraq's holding their Dinars hoping to make money,the Cbi can't reduce the money supply! So here is the real Smoke about the deletion of zeros the decimal point! 0.00 and not the 000. the Cbi is misleading you and their people to believe.The Cbi will revalue the currency with a 1 to 1 ratio to the dollar after they remove only one zero! This will allow the current currency to flow smoothly even if they don't introduce the new notes.When you look at the currency just simply put your finger to hide the last zero and that will tell you the correct face value.The Cbi also makes reference or examples of how much their Dinar is worth to dollar after the deletion of three zeros like 1000 to 1,but smoke again! they are only examples stated as of today .The Cbi has to create this kind of smoke so they won't have a big run on their money which they are trying to pull in badly

Not the exchange rate! but how we view money in general 0.00 example 25000.00 dinars minus 3 zeros will be 2500.

Sorry no facts. But this theory sounds better than anything i heard out there. The CBI logic behind the raising of the three zeros makes no sence as the old currency with co inside with the new currency at the same time.

coins of course

Yes your right . just a newbee making mistakes

just my opinion sorry if i offended some of you.

I have just figured how the central bank of Iraq plans to delete the zeros.The raising of the zeros begins with the decimal point starting from the cents column to the left.In other words the deletion of zeros will be 2 zeros in the cent column and 1 zero in the dinar column. So in actually they plan only to remove 1 zero from the actual note. A 25000 dinar note becomes 2500 dinars,10000 note becomes 1000 dinar note,5000 becomes 500 dinars,1000 dinars become 100 dinars,250 dinar note becomes 25, 100 then becomes 10,50 dinars becomes 5 dinars and the coin that will be released will be the 1 dinar.These notes will be revalued at .10 to the dollar and allowed to flow alongside the new currency that will be valued at a dollar. Plain and simple and no confusion. Again only one zero will be removed and not the three as many are confused about.This will cause no over lapping of the recent dinars.