Linda Bower

rvmydinar We were already home when they did the lop. The Russian people did not benefit from exchanging their old bills with the 3 zeros when they exchanged them for the new bills without the 3 zeros. I'm sorry, but I don't remember the rate of exchange for us. We exchanged whatever rubles we had left over in Russia before we left.

We were in Russia in November 1997 adopting 2 little girls. We had to exchange all of our adoption money into rubles to pay for everything. We were millionairs! Shortly after we got home Russia lopped their currency (losing the 3 zeros). The Russian people were given very little time to exchange and they limited the number of hours the banks would be open. The lines were non ending. So when the time was up many many Russians were stuck with useless currency. We were back in Russia 7 years later and the venders at the markets were unloading useless currency off on unsuspecting tourists as change for their purchases. That, coupled with the fear of getting rubles that had been contaminated by Chernoble made for tricky exchanges. So when the time comes to exchange our Dinar we are choosing to be safe rather than sorry.

Tivon said the HCL is ready- How is it ready? It certainly hasn't been passed into law or we would have heard it from Adam.

It makes you wonder how much they are paying Kapperoni to say this. Another effort to get triple zero dinar off the street?

To Me, Militiaman's thinking is a lop and does not benefit us.

Viet Nam, like China benefit from a low exchange rate because they export so many goods and it far exceeds what they import Iraq, on the other hand has very poor citizens that have to pay dearly for goods because it is all imported. At this point they benefit very little from the oil their government exports. So if Kazemi is going to keep the common man on the street happy, he needs to make some drastic changes.

But how do we know for sure they are not referring to the rate it was before they changed it a year ago?

I have not purchased any more dinar in the past 12 years.

I'm a Reagan fan also. What he did to cause the fall of the Soviet Union was EPIC!

NWGUY Iraqi's new national mascott is the Sloth! LOL

if what Frank is saying about the GCC wanting a unified currency is true, it makes you wander what their exchange rate would be. Even if it was $.25 to the US dollar, for Iraq to say no to it must mean they want a lot more bang for their buck. 25 cents is so much more buying power than they currently have.. Saudi Arabia, United Arab Emirates, and Quatar are in the neighborhood of a quarter to the USD, but the other 3 range from 2.60 to 3.30. I can't imagine the 3 countries coming down from that exchange rate. It still begs to question why Iraq would turn down even the higher rates of exchange. What do they hope for in future exchanges?

I remember how convinced they were last year that it would happen by the end of June.

My guess is its all about whether they are a country that exports enough to keep a low exchange rate or whether it is more profitable with all the goods they import in to have an exchange rate that has more purchasing power. China and Vietnam have opted for the lower exchange rate because most of their income comes from exporting goods.

The question is "Will it be a controlled float or will it fly crazy like Kuwait's did?"

Maybe Kazemi is set on bringing the rate out at $ 1.45 after he drops the zeros. That would be better for us.