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The lower denoms will REPLACE the notes with 3 zeros. ----------------------------------- 1-4-2017 Intel/Newshound Guru Mnt Goat Article: "Deletion of zeros from the currency adds a monetary value" Quote: "The new dinars will reduce the ongoing cost of printing money. For example the new (25) dinars which will replace the 25 thousand dinars currency currently in circulation...". They are telling us that in Iraq a $25,000 note will be replaced by the new $25 lower denomination note. ____________________ THIS IS WHAT A LOP IS. The notes we hold will be REPLACED by lower denoms before the value increases (IF EVER). This is logical and has been done in the past by other countries. It is what I expect to happen. Date? Who the _____ knows?
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If you need to know what deleting of the three zeros means look no more i have it all right here. http://goo.gl/0cgfpl http://goo.gl/IotREJ if you go to each link you will see what all the exchange rate from old to new is 1000 to 1 new looks familiar ? Iraqi Dinar http://goo.gl/d9CeSH Venezuela - http://goo.gl/bhNxtF Indonesia - http://goo.gl/RFyUFb Mexican peso - http://goo.gl/PzwPlf bulgaria lev - http://goo.gl/MdyD8V Russian ruble - http://goo.gl/8N1tva Israel shekels - http://goo.gl/oNsF16 Paraguay guarani - http://goo.gl/AvsKKg Brazil Real - http://goo.gl/Tsi2ur Colombia peso - http://goo.gl/X59Q6I Zambia - http://goo.gl/2SHK52 Afghanistan - http://goo.gl/m8kXn4 these are just some Mahma Khalil Member of the Iraqi Parliament and official spokesperson of the Economic Committee says an agreement has been reached about the mechanisms of introducing the new banknotes after a series of meetings and discussions with the CBI Governor Dr. Sinan Al Shibibi. He added the exchange rate between the new banknotes and the old ones would be 1:1,000 yes Dr. Sinan Al Shibibi is not the gov of the cbi anymore but Abdul Basit Turki Saeed is his take on the dinar is to Redenominate aka delete three zeros on the iraqi currency link here http://goo.gl/qjYUCx Governor of the Central Bank Abdul Basit Turki Saeed said the deletion of zeros is a necessary and useful step to restructure the currency and the economy," noting that "the relevant committees in parliament, called for the need to wait in the project, in order to provide the right conditions and time. 2010 Document - Special Inspector General for Iraq Reconstruction to The United States Congress Dinar Redenomination The CBI has announced that it intends to implement a long-planned Redenomination of the Iraqi dinar by eliminating three zeros from the nominal value of banknotes.This process is meant to ease commercial transactions by reducing errors and confusion that hyper-inflated currencies often cause. Now that Iraq’s inflation rate has achieved a level of stability, the move could serve to bolster confidence in the country’s currency.
