Dinar News What

[k98nights]

Posted on 31 March 2010. Tags: Blog, Election

It

[LazySusan]

The new dinar will be worth one thousand times the old one, which will help facilitate trade and foreign exchange, but will be otherwise neutral in terms of valuation.

That's an interesting juxtaposition .... how can the dinar be worth one thousand times the old one, while also being neutral in valuation? I like what I'm reading, but the article's attempt to be straightforward is ambiguous at best. What I like, and am encouraged by, is simply the fact that there are so many articles in the last few months, and actually amping up in frequency, regarding the banking sector and the valuation of the dinar. Go RV!

[k98nights]

What I like, and am encouraged by, is simply the fact that there are so many articles in the last few months, and actually amping up in frequency, regarding the banking sector and the valuation of the dinar. Go RV!

I agree. The fact that it is being openly discussed has got to mean it is happening very soon.

[mark_mich266]

If what I'm reading is 'correct', 1000 times more than the old (current) value ($.86 USD) is $860.00 (per dinar as per my calculator). It would be a dream come true but this can't be the truth OR CAN IT??? Have I had too much coffee this AM? HAHA!!

[Texxas777]

It is confusing sometimes to interpret these comments... However I agree that the overall tone is positive and the fact that insurance companies etc are beginning to recognize the positive changes is a good sign. I hope Adam is right in his timing and .86 sounds great to me. Bring it on!

Texx

[quadraph0nic]

thats another article to wrap your head around. GO RV!!

[caz1158]

Happy Days are here again! Keep the positive info a cumin

[ghaggerty]

.00086 becomes .86, it isn't .86 now...

If what I'm reading is 'correct', 1000 times more than the old (current) value ($.86 USD) is $860.00 (per dinar as per my calculator). It would be a dream come true but this can't be the truth OR CAN IT??? Have I had too much coffee this AM? HAHA!!

[Brandon2230]

What it's saying is that the new 25 notes will equal the same as the old 25k notes. There's no math to do.. If it revals at .86 the 25k will be 21.5k . The New 25 note will be worth 21.5k usd also. get it?

[quadraph0nic]

Meanwhile, plans to re-base the Iraqi currency, the dinar, appear to be going ahead, but the exact timing of the change is still to be decided. The new dinar will be worth one thousand times the old one, which will help facilitate trade and foreign exchange, but will be otherwise neutral in terms of valuation.

When I read this, it says the new dinar will be worth one thousand times the old one which will help facilitate trade and foreign exchange so that looks like the RV. The part that's otherwise neutral in terms of valuation what are they referring too? Neutral in valuation could mean LOP? Lovely....

[k98nights]

The Lopsters strike again!

[ronscarpa]

Thanks WOODY for the post & link.

Now we wait...! Some More...;)

Blessings,

RON

[wess144]

Great post, come on RV.

[rdg1957]

May they be Bunnies in my pocket....

Navy Vet.

[kjwayne]

Lets hurry up and WAIT!!! ha ha

[Chip Chandler]

Brandon2230, you got it right. The article assumes lopping of 3 zeros is definate and old news. One good thing about the article is that it makes the distinction between rate and value. Value of the piece of paper (the banknote) stays the same. The rate changing to equally match the lopping. Hope they are wrong.

Chip

[quadraph0nic]

anytime you see neutral value....to me thats LOP speak. However, I BELIEVE that we would have to see legislation for a law to do this first. There would be a push to educate the public before any drastic move towards a LOP could go down and they have to have a real reason to do that. With the inflation as low as it is. They dont have to right now. I also think its possible that the currency could go fiat. All you need are all the countries involved to accept the dinar for the determined exchange rate. Its kinda like having an old comic book thats worth something. Well, its only worth anything if you can find someone to buy it.

[Jimmy Hudson]

I have heard that the lopping is to the right, and I have heard the lopping is to the left, who even knows??

[rootdizzol]

could it be 1170iqd =1usd times 1000 =$1.17usd any way go rv.

[Ronin7043]

What

[Marketplace Leaders]

I hope that will mean the dinar we have will still be good money, if the new dinar will be worth 1,000 times more than the old dinar, cause I don't know about you I only have old dinar, just a thought!!!!!

[truckdriver]

What