greebs

New Currency=Redenomination=Lop.

Did anyone bother to read the article?. The article states that inflation has lowered and the value of the dinar has risen. This is in the past tense not future tense. Remember the dinar has increased in value from 1500 to 1170 and inflation has decreased.

Ah, remember the good ol' days when the mention of deleting zeros from the currency got you banned, now people are jumping for joy believing this is a good thing.

I hate to tell everybody here but the spelling of 'Irak' is used in many countries around the world. She/He does not lose credibility due to the spelling. If you choose not believe the message, then that's up to you. Iraq would not have a worthless currency if they redenominated. The Iraqis within the borders of Iraq would just turn in the present currency they own and they receive a equal value of redenominated notes and coins. If you are outside of Iraq itself, then the currency will become worthless unless you plan on traveling to Iraq to exchange it.

Vaneesa-The articles keep repeating over and over what people on here don't want to contemplate. The Iraqis are going to lop the dinar. These redenominations have occurred many times in the past. Removing the zeros is a lop not a RV. When people don't like what they read they attribute it to smoke and mirrors. Good luck.

How would scooter get this information, if even a person from Goldman Sachs itself won't give out information?. Something smells rotten in Denmark.

Central bank plans to maintain the value of the dinar and monetary policy. How do you maintain the value and restructure the currency at the same time?. Easy, redenominate the currency.

This is not good news. In the article, Saleh states they want to maintain the value and the stability of the dinar. Restructuring means cutting the zeros off the currency notes and maintaining the value not increasing the value. This is done by redenominating the currency.

Iraq has nothing to lose if they don't RV. The only ones who have something to lose are the ones who purchased the Iraqi dinar. Iraq wants stability and raising a currency by the astronomical % described on this forum would destroy their country. Maybe there is a reason why dates come and go with nothing happening. Maybe because there was never going to be a an RV. The articles from the CBI state the zeros will come off the currency notes not the exchange rate. It looks like a lot of people fell for the BS put out there by the dinar dealers.

Redenominate equals a lop not a RV. No loss or gain in value.

Chad-Your question hit the bullseye. That will be the final result. Over and over again the Iraqi's state the will lop the zeros or redenominate the dinar next year. Nobody on here wants to listen or believe..

There is no RV in the budget. The CBI is waiting for the sitting of the government to ask for funds and permission to redenominate the dinar. This will probably happen in early 2011.

They should have asked Ali, after the redenomination occurs and a new currency is issued. How will one exchange the old dinar for the new dinar. Will he have access or be able to get the new dinar?. What if Iraq will only exchange the old dinar for new dinar in Iraq?. What options will we have?.

A 25k note will not be exchanged for 25,000 notes, a 25k note will exchange for a 25 note and both will have the same value. Both 25k notes and 25 new dinar notes will co-exist until the all the 25k notes are collected and destroyed. Iraq will not have a separate or lower rate for their currency while other countries have a different higher rate.

Maybe they forgave Iraq their debt because of strategic importance as a bulwark against Iran?. Maybe the US looks at Iraq as an future island of stability in the middle east?. Maybe the US and other western countries want a free, stable, and democratic Iraq because the massive oil fields they have? Have you ventured to think.maybe other countries do not have dinars in their reserves?. The Iraqi dinar does not register on any currency traders radar because they are insignificant as far as currency is concerned. Maybe the gurus were wrong?.