CCHOMERUN Posted May 2, 2012 Report Share Posted May 2, 2012 I was reading an article that says that late 2012 to early 2013 the CBI might "remove" the zero's. Let say this is true for a moment. Does anyone have an idea what we'd have to do to trade in our current dinar if this is the case? Would we even have to trade it in? Have we heard from anyone like dinartrade or dinarbanker on what we'd need to do if this was the case? Is there a possibility this is the key event to move this investment in the right direction? Thanks team for any input! I really appreciate any help with this rumor and these questions! Link to comment Share on other sites More sharing options...
sportfisher Posted May 2, 2012 Report Share Posted May 2, 2012 If they issue a "replacement currency" that would be a redenomination.................bad if they issue lower denoms of the same currency in use, and just phase out the larger denoms over time, RV.................good 1 Link to comment Share on other sites More sharing options...
alan_coaks_3 Posted May 2, 2012 Report Share Posted May 2, 2012 a currency change means there going to issue all brand new currency and make the 1 we have void after a period of time Link to comment Share on other sites More sharing options...
RicknSaudi Posted May 2, 2012 Report Share Posted May 2, 2012 If they issue a "replacement currency" that would be a redenomination.................bad if they issue lower denoms of the same currency in use, and just phase out the larger denoms over time, RV.................good Not sure if this is real or not. Sent to me from NP along with an article about Iraq's new currency. Link to comment Share on other sites More sharing options...
sportfisher Posted May 2, 2012 Report Share Posted May 2, 2012 Not sure if this is real or not. Sent to me from NP along with an article about Iraq's new currency. it's real................real old http://www.islamicbanknotes.com/Notes/Iraq/IQ-13-1a.htm 1973-78 third issue 1 Link to comment Share on other sites More sharing options...
RicknSaudi Posted May 2, 2012 Report Share Posted May 2, 2012 it's real................real old http://www.islamicbanknotes.com/Notes/Iraq/IQ-13-1a.htm 1973-78 third issue Ha ha ha. Thanks sport. One of these days we'll see the real McCoy. 1 Link to comment Share on other sites More sharing options...
thegente Posted May 2, 2012 Report Share Posted May 2, 2012 A great question, to which absolutely no one knows the answer to....we will find out when it happens. I guess that's why they call it "currency speculation"..... 1 Link to comment Share on other sites More sharing options...
sillyseaserpent Posted May 4, 2012 Report Share Posted May 4, 2012 Worse that could happen is what we have becomes "not worth the paper its printed on." Go RV! Link to comment Share on other sites More sharing options...
carlos in san diego Posted May 9, 2012 Report Share Posted May 9, 2012 Not sure if this is real or not. Sent to me from NP along with an article about Iraq's new currency. I have some older Saddam era one Dinar bills and have never seen that one before. My guess is it's genuine. Thanks for posting RicknSaudi! Carlos I was reading an article that says that late 2012 to early 2013 the CBI might "remove" the zero's. Let say this is true for a moment. Does anyone have an idea what we'd have to do to trade in our current dinar if this is the case? Would we even have to trade it in? Have we heard from anyone like dinartrade or dinarbanker on what we'd need to do if this was the case? Is there a possibility this is the key event to move this investment in the right direction? Thanks team for any input! I really appreciate any help with this rumor and these questions! CCHOMERUN: I'd just keep them in Dinar and let the dust settle, if and when it does happen! Carlos Link to comment Share on other sites More sharing options...
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