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07/13/2013 Stryker Blog 07.13.2013 Currency Redenomination "with an equal step" Revaluation or Appreciation Because of this article from RSS and this quote from it I thought I would go over this again and add a few examples to help as many understand what could take place under international standards. Here are the two examples I used in my Blog on 7/10/2013, remember the real long one, lol. Article: Of 70 thousand the degree and functional through 2014 (Full Article At End Of Post) Quote: the exchange rate of the dinar against the dollar was calculated at 1.16 EXAMPLE 1: Redenomination: Example only: IF Iraq redenominates only by dropping off (3) zeros from their currency then the same (3) zeros are dropped off their exchange rate conversion data as well, (using the CBI rate of 1166 in this example) e.g. one US dollar will = 1.16 new Dinar (ND) = 1166 “old dinar”, it then takes 1.16 dinars to buy (1) US dollar and this would becoming a neutral move, no increase in purchasing power. The exchange rate goes from .00086 to .86 or it only takes .86 cents US to buy (1) dinar. Once again there is no increase in the purchasing power of the dinar. Good thing is Iraq wants more than these other countries did and that is proven in almost every article that has been coming out since Iraq was removed from Chapter VII. It is time to take a hard look at the terms revaluation, devaluation, appreciation and depreciation of currencies. EXAMPLE 2: NOW THIS IS THE ONE WE WANT TO TAKE PLACE: Currency Redenomination to occur "with an equal step” Revaluation or Appreciation is also possible, for instance, if on the day that Iraq redenomination, the new exchange rate is fixed 1 US$=a new dinar 1.16 when the exchange rate just before the redenomination was 1 US$= D 1000 (with new dinar ND 1.16 = old dinar 1000). Then this is an increase in value, not by much but it is a redenomination with a revaluation or appreciation, once again depending on what they have in mind. ADDITIONAL EXAMPLE NOT ON THE .07.10.2013 BLOG: HERE ARE OTHER EXAMPLES THAT THEY COULD CHANGE THE EXCHANGE RATE TOO RIGHT BEFORE THEY REDENOMINATE: 1) the new exchange rate is fixed 1 US$= a new dinar 1.16 when the exchange rate just before the redenomination was 1 US$= D 100 (with new dinar ND 1.16 = old dinar OD 100) 2) the new exchange rate is fixed 1 US$= a new dinar 1.16 when the exchange rate just before the redenomination was 1 US$= D 10 (with new dinar ND 1.16 = old dinar OD 10) 3) the new exchange rate is fixed 1 US$= a new dinar 1.16 when the exchange rate just before the redenomination was 1 US$= D 1 (with new dinar ND 1.16 = old dinar OD 1) 4) the new exchange rate is fixed 1 US$= a new dinar 1.16 when the exchange rate just before the redenomination was 1 US$= D 1 (with new dinar ND 1.16 = old dinar OD 1) THIS EXAMPLE IS THEM REVALUING (FIXED REGIME) OR APPRECIATING (FLOAT REGIME) THE DINAR RIGHT BEFORE THEY ANNOUNCE THE REDENOMINATION BY DROPPING 3 ZEROS OFF THE RATE ITSELF (.00086 BECOMES .86) OR MOVING THE DECIMAL POINT OVER 3 TO THE LEFT ON THE EXCHANGE RATE IS THE SAME THING: .86 US$DOLLARS = 1.16 DINARS OR 1 US$= 1 N & OD BECAUSE THEY REVALUED THE OLD DINAR RIGHT BEFORE THEY INTRODUCED THE NEW DINAR, THIS CAN HAPPEN AT THE SAME TIME WHICH IS CALLED: Currency Redenomination "with an equal step” Revaluation or Appreciation NOW ANOTHER EXAMPLE WOULD BE THE RANDY KOONCE BELIEF WHERE THEY COULD REVALUE OR APPRECIATE THE DINAR AT THE EQUAL TIME TO BE: $3.44 US$= 1 OD AND ND What is the real plan? We will see but I believe it will be par with the dollar! Have a great weekend, Stryke
