Don't rule out a LOP then a RV to x3.5...

[TimS]

LOP=100%

20-30Trillions DINAR in circulations. RV at 3:1, Iraqi will value her currency more than all the money in the entire universe combine.

For economic stand point it will never happen (don't even bring god into this math).

USA has about 1trillion currency in circulations as of today.

My take. LOP at 1000:1 and thereafter RV at 3-4:1 does make sense. So a return of 3-4 fold...NOT BAD

[kcw] TimS Since the average Iraqi has nothing and lives paycheck to paycheck anyway, what do you think the odds of the following scenerio can take place? The CBI exchanges the 000 for smaller denoms (25000old = 25new) a LO P, then they RV to $3+ simultaneously....which is in the neighborhood of the pre-war value. The avarege Iraqi would then have 3x his purchasing power and when the dust settles, Iraq would have one of the stongest currencies in the region. Most of us make about 300% return on our investment, which is rather good in the currency market by the way and Iraq gets rid of all those big numbered bills. This would help de-dollarize the country, get rid of about 30 trillion old dinar from circulation and put into place 30 billion new dinar with a value of about 90 billionUS......easiler supportable by the natural resources the country has. JMHO

[Adam Montana] I think the question is "what does Adam think the odds are"

[Adam Montana] So my answer to that is 49/50. I think there's a 49% chance they do as you described, a 50% chance that they raise the value much higher, and a 1% chance that this all blows up in our faces. That's my honest opinion.

Read more:

[KamelKeeper]

If the CBI goes ahead with the removal of 3 zeros, then the exchange will become $0.86.

Gee jackster, I hadn't thought of that. Never seen that one before.

And I was silly enough to direct a question back to the subject of the thread of an expectation of 3.5 return, comments made by members of a 3.5, a statement in a congressional report by the SIGIR that the rate would be $.86, and was looking for 3.5 believers to comment.

Silly me, I guess I need to pay more attention.

[KamelKeeper]

I have seen no article backing your 20-30 trillion in circulation....I might believe 1 0r 2 but not 20 to 30 and I believe 1 or 2 trillion is a high estimate especially if you take out what other countries government hold. Jmo

Here's one article that states 30 trillion in circulation:

Topic: The money supply in the country is estimated thirty trillion dinars .. Yemen intervention after Iraq Circuit "war of counterfeiting"

The money supply in the country is estimated thirty trillion dinars .. Yemen intervention after Iraq Circuit "war of counterfeiting"

16/04/2012

The future of Iraq / follow-up

Counterfeiting has become a phenomenon of the national currency or foreign currency the main pillar almost daily news read by Yemenis through news stories about the dumping of the security services arrested on fraud professionals, both Yemenis often or their partners from Arab and foreign, The future of Iraq / follow-up

Has become the phenomenon of counterfeiting of the national currency or foreign currency the main pillar news almost daily read by Yemenis through news stories about the dumping of the security services arrested professionals fraud, both Yemenis often or their partners from Arab and foreign, as well as to control the large amounts of currencies especially the Yemeni riyal Saudi riyal Saudi Arabia and the U.S. dollar. Sources familiar with the seizure of a laboratory for counterfeit currency in the welcome of the administrator of the province of Sana'a;

The sources pointed out that the lab exact suspected Astkdamh of a European country and is believed to Switzerland and that he has brought to Yemen by personal Yemeni unnamed sources, reported as not rule out the involvement of figures Yemeni occupy executive positions in the command. Said Abdo, owner of foreign exchange company in Sana'a that the phenomenon of counterfeit currency has become one of the problems faced by owners of exchange companies, pointing out that in the past, are falling into the trap of forgers and purveyors counterfeit currency but now it has been used detectors to date. and gangs of counterfeiting is active in a very large in the popular areas and places where there are high gang crime and vandalism and outlaws, stressing that the work of oil terminals, restaurants, and markets khat and shops are most vulnerable to currency counterfeit, by virtue of the nature of their work, which requires rapid turnaround of the coin .

He attributed the experts and specialists in the matter of financial and banking reasons for the emergence of the phenomenon remarkably in recent times to the deteriorating security situation due to the crisis experienced by the country since early last year, in addition to economic conditions and living suffocating and high indicators of poverty and unemployment are key factors that provided the climate for the involvement of some in the framework gangs offense to counterfeiting and marketing. as reported by the decision of the Economic Committee in the House of Representatives, that the neighboring countries seeking to enter large amounts of Iraqi currency counterfeit to the country, such as deleting three zeros from the Iraqi dinar, indicating that the Central Bank of Iraq has taken measures and precautions that will thwart the scheme .

Center confirmed that "Iraq is currently suffering from counterfeiting gangs working night and day to print the current dinar and then replaced in the process will be described as the biggest fraud in the world" .. Noting that "the money supply large markets that exist today in Iraq, estimated at up to 30 trillion dinars will increase significantly during the period of switching the currency, so that counterfeiting gangs are spread in most Iraqi cities."

My link

********************************

Here is a second article:

Iraq to stop the deletion of zeros from the dinar

Iraq linger in the Plan to delete the zeros of the dinar السبت, 14 أبريل 2012

| 07:00 GMT Rating

Baghdad The Secretary-General of the Iraqi Council of Ministers on Thursday that Iraq had decided to wait in the application of a plan to delete the zeros of the national currency, the dinar because he thinks that the economic climate is not appropriate.

The central bank said in August / August, he plans to delete the zeros of the Iraqi dinar to facilitate financial transactions in an economy dominated by oil and place the transaction through cash often.

Since last year, waiting for a plan for restructuring the dinar to supply the market with more liquidity, the approval of Parliament.

A statement on the website of the Secretariat of the Council of Ministers of the Council on Thursday decided to stop all actions on the process of deletion of zeros from the dinar until further notice.

The Secretary-General of the Council of Ministers on the Keywords, told Reuters that the Economic Committee discussed this issue and so did the Council of Ministers, although there is likely to cause some problems in the economic situation, in addition to that this process is large enough to see with the government that the conditions are not suitable to control it.

The central bank keeps dinar rate unchanged at 1170 dinars to the dollar in daily auction, but the oldest in the recent period to raise the price slightly to 1166 dinars after the rise in demand for U.S. currency.

The central bank said it had to tighten the rules about who they are entitled to participate in the auction because the Iraqis are seeking traders to buy dollars to sell in neighboring Syria and Iran, which the West imposed economic sanctions on them.

And he said: that there are 30 trillion dinars in circulation in Iraq and that the withdrawal of this amount from the market and then examined and disposed of a large operation.

Reuters

My link

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[jackster]

Gee jackster, I hadn't thought of that. Never seen that one before.

And I was silly enough to direct a question back to the subject of the thread of an expectation of 3.5 return, comments made by members of a 3.5, a statement in a congressional report by the SIGIR that the rate would be $.86, and was looking for 3.5 believers to comment.

Silly me, I guess I need to pay more attention.

It is I, Captain Obvious to the rescue!

[KamelKeeper]

It is I, Captain Obvious to the rescue!

I just heard the Mighty Mouse theme song.

[Sanssouci]

People need to remember that currency was never designed to be used to make profit on currency swaps and this is a modern era phenomenon.

It was probably not designed that way, but that never stopped the Rothschilds from making a profit.

[MovieMaker]

Round and round and round it goes. Where it stops nobody knows!

Down & Up... & Up & Down... where it goes it can't be found!

[Maggie123]

If you were to make a 1000 dinar note now worth 1 dinar (lop), that would mean a 1 dinar note (after lop) would be worth .oo1.

So if now a 1 dinar note is worth .0009 compared to 1 US dollar, then after the lop it would be worth .0000009 compared to 1 US dollar. (.0009x.001)

And a 1000 dinar note after lop would be equal to what 1 dinar was worth before the lop, .0009.

So if they don't RV there currency, how will a LOP help them?

THANK YOU DinarHound!

I have no idea if your math is correct or not... but it does look right to me.

I remember as a "Newbie" seeing the numbers in circulation and saying "Oh Crap"

Then I realized that they were talking Dinar not Dollars and felt so much better.

That is why I still believe in a staight up RV and the Dinar in cirulation will RV at the same time. I am no math wizard so please be kind if I have this wrong, just tell me where my theory is going astray... Thanks in advance. Maggie

PS. After all we are talking about less than a penny per Dinar.

Edited June 24, 2012 by Maggie123

[Luigi1]

Would anyone like to comment on the anticipated rate of $ .86 that was reported to the US Congress in the Special Inspectors report, SIRG.

Things change by the day. Parliament is now throwing the remove zero term around a lot & abandoned the raise or lifting of the zeros.

Parliament & Finance Committee support Revalue Of Iraqi Dinar.

Posted: June 25, 2012 in Iraqi Dinar/Politics

ERBIL, June 25 (AKnews) – The Iraqi Parliament and the Finance Committee support the Central Bank of Iraq (CBI)’s efforts to revalue of the Iraqi Dinar through the removal of three zeros from the currency.

The CBI has announced that it has finalized plans to remove three zeros from the Iraqi currency in order to revalue it.

Read more. See link below...

http://bit.ly/Ojw2CV

[jackster]

I have asked several high end bankers and accountants and they thought i had lost my mind.

I learned not to ask anymore, I don't even speak of it anymore.

Have I lost my mind, Yes but im sure its around here somewhere

Came across another financial adviser yesterday and asked about the Dinar RV. Was told to stay away from it.

Compared it to pump-n-dump. It's just like the stock market. There are people that create hype around a stock to get others to purchase. The traders are the ones making the money.

Sound familiar?

[GinaG]

I agree with Mike