AdwRd

I am sorry, but I fail to understand your last point. If person X makes 5 million IQD this week, the CBI RD's 1000:1, and this same person X now receives 5,000 IQD the following week, what is the difference? A loaf of bread that used to cost 3000 Dinar would now cost 3 Dinar. No person and/or business would be unjustly enriched by this process... If I missed your point altogether, please explain further.

I have read all of the articles posted by both 'sides' of this entire discussion (the folks that believe in the RV and the folks that do not) regarding the plans of the CBI. It seems to me that the pro-RV crowd may be reading slightly too far into the precise translation of some of the key words. I ask you to please keep in mind the following two thoughts: 1) Some of the quotes were made by officials that simply may not be in the 'know' regarding the exact plans. Furthermore, I can assure you that the talking points respecting the plans of the CBI are certainly not reflected by some of these quoted officials. Finally, Arabic is an extremely difficult and intricate language (with a multitude of disguised meanings and lots of 'emotion' and 'feeling' incorporated into phrases that only native Arabic speakers can even make note of). So, when attempting to translate a single word out of an entire article, one should always make sure to instead translate the overall message contained therein. Would you ever attempt to explain a 1000-word article to one of your friends regarding a certain subject by focusing on a single word, or instead, provide a succinct synopsis summarizing the relevant facts; 2) It sounds like all of these published articles are referring to a "lop" of three zeros. I certainly find it strange that Iraq has been diligently moving towards the all-important 1000:1 ratio over the past few years. Secondly, their printing of new and 'improved' paper currency struck my nerves as well. This simply does not add up with me... why would they decide to print additional currency? There can only be two reasons: either they are intending to increase the overall money supply using the new bills, or, they are intending to replace the old bills with the newly-printed ones prior to the "lop". We all know counterfeiting is rampant in Iraq. So, could it be that the CBI has decided to improve the security features of their currency prior to removing three zeroes in order to alleviate the possible exchange of fake dinar notes? This would allow the CBI to start removing old notes and identify possible counterfeit notes currently in circulation. Furthermore, introducing the new notes and subsequently announcing the official "lop" may make it much easier for the CBI to disallow the exchange of the older dinar notes for the possible lower-denomination notes. They may be planning to accept only the newly-introduced notes for the upcoming exchange. This would virtually make all of our currently held IQD worthless.... Just my thoughts... let me know yours!

It seems quite clear to me that what many of the previous responders have stated makes virtually no sense. The thought of approaching an airport exchange kiosk in order to cash in millions of IQD in exchange for millions of US dollars seems rather misguided at best. Furthermore, US banks would potentially be breaking banking regulations and make themselves criminally liable. If they were to pay out the required minimum cash reserve backing the sum of all deposits, and in exchange take in IQD, banks would not have the legally compulsory USD reserves in their coffers. Thus, banks would then be required to request vast amounts of additional USD from the government and/or other central branches in order to exchange at least some of the IQD. Obviously, using simple mathematics, there clearly is not enough USD available to accommodate the complete exchange of all IQD in circulation in the US (even with an extremely marginal RV). I am going to jump on @ewingm's bandwagon and highlight his and my concern: how is it possible that none of us know, after spending years hoarding IQD and being convinced of untold overnight riches, the exact procedural details for the future RV exchange? It simply does not add up. As you are all well aware, in today's world of inundating securities regulations, procedural paperwork, and the need for peer-reviewed contractual agreements, how would it be possible for any bank (let alone some Dinar guru) to draft, have the procedural documents reviewed by a party of specialized contract lawyers, and then implement the entire process within a reasonable timeline. There are simply too many loose ends and I am starting to get a bit worried myself. I would greatly appreciate it if the more knowledgeable members may be so kind and provide objective feedback respecting my above comments. I would like to close by also asking that disparaging and facile rejoinders should be holy disregarded - they do not further our cause and simply provide red herrings leading down argumentative paths which are only tangentially related to the original topic. Thanks.

You seem to contradict yourself in the first sentence. You lead by stating a time period of two to three years and thereafter assert the RV will occur within the next 8 months. Could you please clarify your thoughts behind your assertion?

I have followed this thread since the very beginning. I must say that this particular discussion is entirely novel and much more interesting to study. @ewingm: I appreciate your objectivity and the manner in which you pose your questions and make comments. I get the sense that you have been posting some very intriguing questions that are certainly ruffling my feathers (and, I am assuming many other forum members as well). @dontlop: I enjoy reading your rejoinders and I praise you for the rather vast knowledge base you have gathered over your years of researching the IQD. I find it regretful, however, that you sometimes resort to Ad Hominem attacks and 'straw-man' responses. Your comments, in my humble opinion, would be much better received by the online community and put more weight behind the contained factual information if you do away with such language. ... just my two cents. Am enjoying reading this thread!