colbyco Posted March 15, 2012 Report Share Posted March 15, 2012 .10 would be only for the old notes with the 3 zeros.New denoms will have a 1:1 rate to the dollar. Makes perfect sense! 100 old for 1 new ! Way better than 1000 old to 1 new! right? Made perfect sense back in 2003 when Iraq's exchanged their Swiss dinar for the current dinar at 150:1 2 1 Link to comment Share on other sites More sharing options...
Redwizard Posted March 15, 2012 Report Share Posted March 15, 2012 Ok so, 1000 dinar at .10 = $100.00 1 new dinar (minus 000) at $1.00 = $1.00, give me the .10 Link to comment Share on other sites More sharing options...
colbyco Posted March 15, 2012 Author Report Share Posted March 15, 2012 Ok so, 1000 dinar at .10 = $100.00 1 new dinar (minus 000) at $1.00 = $1.00, give me the .10 1 new dinar = 1.00 usd 1 old dinar= .10 you got it? 2 1 Link to comment Share on other sites More sharing options...
Nelg Posted March 15, 2012 Report Share Posted March 15, 2012 Practically it makes no sense at all! Value is needed in the dinar. Anything less that 1 to 1 is pure foolishness. 3 Link to comment Share on other sites More sharing options...
mrref Posted March 15, 2012 Report Share Posted March 15, 2012 .10 would be only for the old notes with the 3 zeros.New denoms will have a 1:1 rate to the dollar. Makes perfect sense! 100 old for 1 new ! Way better than 1000 old to 1 new! right? Made perfect sense back in 2003 when Iraq's exchanged their Swiss dinar for the current dinar at 150:1 You have a link to this? Or is it just your thinking?? 2 Link to comment Share on other sites More sharing options...
colbyco Posted March 15, 2012 Author Report Share Posted March 15, 2012 AGAIN FOLKS ! the Dinar will revalue at a 1:1 exchange rate to the NEW Dinar. The old Dinar will have to be exchanged for 100 old for 1 new! that equates to .10 for your old Dinar. 2 Link to comment Share on other sites More sharing options...
colbyco Posted March 15, 2012 Author Report Share Posted March 15, 2012 Denominations of current Dinars will work perfectly with the New Dinars coexisting until all old Dinars are removed from circulation . Look carefully at the denominations and you will see the only way that the currency can coexist without overlapping is by removing only one zero! not three or two . AGAIN REMEMBER you will get only 1 New Dinar for every 100 Old you turn in. 2 Link to comment Share on other sites More sharing options...
TXNOLE Posted March 15, 2012 Report Share Posted March 15, 2012 So if you invested $1,000 in dinars, your return would be $10,000...........far from the millions most expect, but not a bad return on a highly speculative investment. 1 1 Link to comment Share on other sites More sharing options...
colbyco Posted March 15, 2012 Author Report Share Posted March 15, 2012 (edited) So if you invested $1,000 in dinars, your return would be $10,000...........far from the millions most expect, but not a bad return on a highly speculative investment. [/quote NO ! but if you bought one million dinars at 1000.00 dollars you will have 100,000.00 dollars at cash in. Edited March 15, 2012 by colbyco 2 Link to comment Share on other sites More sharing options...
crazybroad Posted March 15, 2012 Report Share Posted March 15, 2012 Colby i think you nailed it right on. Why didn't we all see that at first? perfect logic. Link to comment Share on other sites More sharing options...
TXNOLE Posted March 15, 2012 Report Share Posted March 15, 2012 Does that math work? 1,000,000 divided by 100 = 10,000 x $1.00 = $10,000 Link to comment Share on other sites More sharing options...
jackster Posted March 15, 2012 Report Share Posted March 15, 2012 Ok so, 1000 dinar at .10 = $100.00 1 new dinar (minus 000) at $1.00 = $1.00, give me the .10 You are correct. They will 3 0's not 2 0's. 1,000,000 minus 3 0's is 1,000. So, $1 to 1 IQD. The 1 million IQD you possess will become 1,000 IQD. At a 1-to-1 exchange the 1,000 IQD becomes $1,000. How much did you pay for your Dinar? "Look carefully at the denominations and you will see the only way that the currency can coexist without overlapping is by removing only one zero! not three or two . AGAIN REMEMBER you will get only 1 New Dinar for every 100 Old you turn in." "1 New Dinar for every 100 Old you turn in" is removing 2 zeros not 1 zero. So the CBI doesn't understand what they're doing? 25,000.00 becomes 25.00 10,000.00 becomes 10.00 5,000.00 becomes 5.00 1,000.00 becomes 1.00 Here's the tricky part: 500.00 becomes 0.50 Will they create a 0.50 note? Probably not. But they could give you a .50 coin or you could trade in two 500 IQD notes(1,000 IQD) for one 1 IQD. 250.00 becomes 0.25 Same thing but four 250 IQD notes for 1 IQD Math? Divide the current Dinar by 1,000. Not 100. That's how 3 zeros are removed. 1 Link to comment Share on other sites More sharing options...
JayLee202 Posted March 15, 2012 Report Share Posted March 15, 2012 I hope ya'll wrong! Link to comment Share on other sites More sharing options...
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