[Iraq begins in 2016 to cut its currency against the dollar]

Here is food for thought if it takes 1400 dinar to the dollar then if they moved the decimal 3 places that means the dinar would be worth a dollar and forty cents!!! I think we would all be ok with that

Bato, I believe you have it reversed. For easy math let's use the old example where a single dinar is worth .00086 in USD dollars now and they said move the decimal over 3 spots it means one dinar is worth .86 USD cents .. If you flip the equation to the value in dinars, not USD, then you have say it takes 1182 dinars to equal 1USD dollar. If they move the decimal over 3 then it takes 1.182 dinars now to equal that same USD dollar. If they devalue the dinar to say 1500 dinars to 1 USD dollar, and then move the decimal over 3, it now takes 1. 5 (one and a half) dinars to equal 1 USD dollar. If they were to degrade it even further to say 5000 dinars to one dollar, then move the decimal over three spots it then would take 5 Dinars to equal 1USD dollar.( or 1 dinar only worth 20 USD cents reversely!)

So in your example of 1400 dinars. One dinar would not be worth 1.4 USD, it would take 1.4 dinars to equal 1USD Dollar.

I hope that explanation makes sense..

Any new info GregHi?

No new news unfortunately.. My friend hasn't heard back from him yet. He just tells me he is a busy person and only hears from him occasionally.

[Iraq begins in 2016 to cut its currency against the dollar]

Just smoke or a scare tactic. They have real plans to increase the value..

[Directed infallible word of the day on the occasion of the new year]

Hmmm.... Watcha gonna say there on National TV??? Maybe an announcement maybe??? Fingers and eyes crossed...

[On Video, Terrorist Tossing Backpack!]

I was about to say, let them try that crap here in Texas!!

[Russia spots 12,000 oil-smuggling trucks on Turkey-Iraq border]

My Kurdish friend has told me Russia is basically doing what the US should have been doing all along. Wiping them out!! I won't get political, but I don't know why the US is playing around with these Isis idiots while Russian is destroying them in our absence.... Of course, the US will take the credit.. Hmmmm

[Snow Chilled the Global Warming Conference in Reno and Las Vegas]

There was a blizzard in west Texas, Several Tornados in the Dallas area, and a flash flood warning in east Texas all on the day after Christmas!!! . But thank God there is no climate change yet.. Lol

We are all Ok, but some friends of mine south of the DFW area had their house demolished due to a tornado a few hours ago. ;(

[Islamic State Okays Taking Organs Of Living Non-Muslims !]

LOL come and get my organs Ali baba!! Btw, meet my friends.. Mr. Glock and Mr. Smith and Mr. Wesson!! Good luck!!

[Delta Says...Int'l Rate Now Being Calculated.]

Does your Kurdish friend believe it will RV or do a float

Hello egg man!!! He doesn't know. As a matter of fact he didn't really believe the dinar would change value until he heard from his friend around Thanksgiving. He has always said Itaq has security problems and has been kind of negative when I would mention increasing the value or RV of the dinar, so the conversation with his friend changed his tune... If I had to guess, I would say it will be a simple RV and not a float because he said they are determining a new exchange rate and prices. Kinda sounded like a rate that it would be fixed to for awhile.. We shall see!!

[Delta Says...Int'l Rate Now Being Calculated.]

It could be yota, but I'm not sure.. I'm hoping we see an article where the Kurdish government comes to Baghdad in a week or 2. To me, that will probably be when they vote in the rate or hammer it out.. That's the article I am hoping to see or hear more details via my friend.

[Guns topping Christmas lists thanks to terrorism concerns, fear over restrictions]

Lol

[Delta Says...Int'l Rate Now Being Calculated.]

Thanks broker Keith!

To give you a little background on me. I'm just an average joe that bought my 1st dinars in 2004. I am certainly not a guru but I do have a Kurdish friend that I work with that was a translator for the US Army because he is fluent in Arabic, Kurdish and English. He obviously has several friends back home in Erbil and even in Baghdad that he talks to. One of his friends is a member of the Kurdish parliament and was on the team that came up with the pricing index and also the potential exchange rate that they now need Baghdad to approve or negotiate.. I don't think the exchange rate has been finalized by Baghdad yet, but they only have until the end of January to get it done, from what my friend said... So the next step is for the Kurdistan government to go to Baghdad and go over the exchange rate/pricing index and vote on it quietly. If Baghdad doesn't agree with the Kurdish proposal they will submit their own rate and the two sides will hammer it out. So, take all of this as rumor. I personally believe my friend, he has no reason to lie to me... But again just take it for what it's worth. But that's all that I can bring to the table..

[Delta Says...Int'l Rate Now Being Calculated.]

Thanks DinarThug!!

[Delta Says...Int'l Rate Now Being Calculated.]

Lol sorry to disappoint but the Hi is just the beginning of my last name.. Lol

[Delta Says...Int'l Rate Now Being Calculated.]

Delta is basically correct here. The Kurds have already approved the new exchange rate that they calculated. The next step is to vote on it in Baghdad or if they don't agree on it, Baghdad will offer up their own and everyone vote on it. They have till the end of January to get it done. Take this as rumor, but I believe it to be true!

[What would it cost to Revalue the dinar.]

Markinusa, in your opinio, based on what you think the anount of Iraqs current money supply is, how much of a reval can we realistically expect? .01, .10, 1.00, 3.00? Just curious..

[Money chunky weaken bank deposits]

My Kurdish friend that was a translator for the US army has a nice house in a very secure area of Arbil.. He told me he has 140 Million dinars in his home. Contrary to what people say, not everyone is poor in Iraq. Only about 25% are poor. And hardly any use banks. They keep their physical cash at home. So this article is basically saying 77% of the currency is at people's houses and with them. Not in banks!!

[Sadr threatens to "intervene" if it did not address a Turkish presence in Iraq]

And you know our future is in trouble also when the only 2 candidates for president will end up being hilarious and Mr ego hair!! What did we do to deserve either of these clowns as our leader??