Iraqi News New Article on the Dinar Zero's and playing the game

[Lonnie]

I came across this article. I don't believe in a "Lop" but this article says that when they take off the three zeros the Dinar will be worth $1.17 = $1.00 USD. Then it goes on to say that Iraq will print new notes. In order to re-base the currency, the central bank will need to print new notes. This will be the second time in six years that Iraqis have had to trade in their currency. So which is is?

Here is a link to the article.

http://executive-magazine.com/getarticle.php?article=12934

[mrref]

First thanks for the post, but Lonnie I've been involved with the dinars for about 7 years now and do you care to guess how many times CBI said we are NOT going to take the zeros off and how many times I've heard we are going to take the zeros off, I lost count. So don't believe every thing that you read .......

[carlablum]

I came across this article. I don't believe in a "Lop" but this article says that when they take off the three zeros the Dinar will be worth $1.17 = $1.00 USD. Then it goes on to say that Iraq will print new notes. In order to re-base the currency, the central bank will need to print new notes. This will be the second time in six years that Iraqis have had to trade in their currency. So which is is?

Here is a link to the article.

http://executive-magazine.com/getarticle.php?article=12934

Lonnie thank you for the post!

I will say that I do believe posts with a link a lot more than a rumor. I sure hope this is somewhat close to the truth.

Thaks again!

[kamm]

Lonnie thanks for the post also.

[richietan]

No news from adam about the RV or loop since 5th Apr. Where did he go?

[Danneedsrvnow]

No news from adam about the RV or loop since 5th Apr. Where did he go?

Darn good question!! Hopefully it is not staying in VIP, if so, all I can say is wow!

[rich daniels]

i agree. i hope we are not left out in the cold. i cant seem to find much info lately.

[GrahamB]

From a practical standpoint, it makes sense to chop the NID 10,000 and NID25,00 notes out of circulation. They are too big to be of use in general circulation once the currency is revalued, and frankly it would not surprise me if they already have more 'normal' values, eg NID 5, 10, 20 or 25, 50 and 100 in the treasury ready for issuing. if they haven't, then on a practical basis we may be waiting a while for an RV!

[sortarius]

i agree. i hope we are not left out in the cold. i cant seem to find much info lately.

You're not being left out. At least I have no more intel than you do.

[Andyd]

From a practical standpoint, it makes sense to chop the NID 10,000 and NID25,00 notes out of circulation. They are too big to be of use in general circulation once the currency is revalued, and frankly it would not surprise me if they already have more 'normal' values, eg NID 5, 10, 20 or 25, 50 and 100 in the treasury ready for issuing. if they haven't, then on a practical basis we may be waiting a while for an RV!

They do...I have some 50's

[RRSport]

I came across this article. I don't believe in a "Lop" but this article says that when they take off the three zeros the Dinar will be worth $1.17 = $1.00 USD. Then it goes on to say that Iraq will print new notes. In order to re-base the currency, the central bank will need to print new notes. This will be the second time in six years that Iraqis have had to trade in their currency. So which is is?

Here is a link to the article.

http://executive-mag...p?article=12934

Hey Lonnie Hows Ali?