Deleting the zeros is not what you want!

[keepmwlknfny]

Refute this too keep

You have in the past

Altering the face value of a currency without changing its foreign exchange rate is a redenomination, not a revaluation

Take a 25k note and change it to a 25 note and leave the rate at 1166 then that's a redenomination

So if they change the exchange rate it's not a rd

So now your saying history has it all wrong? Again? Lol....

What did the Turkish Lira do? That was a revaluation?

You can't change history and what happened in real life. It's not gonna work. You can keep trying though. Let me know how that works out for you.

[rockfl9]

Refute this too keep

You have in the past

Altering the face value of a currency without changing its foreign exchange rate is a redenomination, not a revaluation

Take a 25k note and change it to a 25 note and leave the rate at 1166 then that's a redenomination

So if they change the exchange rate it's not a rd

IF they alter the face value say change a 1000 to a 1 AND keep the SAME exchange rate .00086 THEN what was worth .86 USD would become .00086 ???? THATS a DEVALUATION ???

[dontlop]

So now your saying history has it all wrong? Again? Lol....

What did the Turkish Lira do? That was a revaluation?

You can't change history and what happened in real life. It's not gonna work. You can keep trying though. Let me know how that works out for you.

I'm just copy and pAsting keep

Your the one saying its wrong

Here see if ya can make it thru the first paragraph

Revaluation means a change of a price of goods or products. This term is specially used as revaluation of a currency, where it means a rise of currency to the relation with a foreign currency in a fixed exchange rate. In floating exchange rate correct term would be appreciation. Altering the face value of a currency without changing its foreign exchange rate is a redenomination, not a revaluation.

In general terms, revaluation of a currency is a calculated adjustment to a country's official exchange rate relative to a chosen baseline. The baseline can be anything from wage rates to the price of gold to a foreign currency. In a fixed exchange rate regime, only a decision by a country's government (i.e. central bank) can alter the official value of the currency. Contrast to "devaluation".

For example, suppose a government has set 10 units of its currency equal to one US dollar. To revalue, the government might change the rate to five units per dollar. This would result in that currency being twice as expensive to people buying that currency with U.S. dollars than previously and the US dollar costing half as much to those buying it with foreign currency.

Read the last sentence in the first paragraph again

So if they alter the face value of the 25 k note to a 25 note they have to leave the foriegn exchange rate the same for it to be a redenomination

I'm saying you got it all wrong

Not history

Edited May 3, 2014 by dontlop

[keepmwlknfny]

I'm just copy and pAsting keep

Your the one saying its wrong

Here see if ya can make it thru the first paragraph

Revaluation means a change of a price of goods or products. This term is specially used as revaluation of a currency, where it means a rise of currency to the relation with a foreign currency in a fixed exchange rate. In floating exchange rate correct term would be appreciation. Altering the face value of a currency without changing its foreign exchange rate is a redenomination, not a revaluation.

In general terms, revaluation of a currency is a calculated adjustment to a country's official exchange rate relative to a chosen baseline. The baseline can be anything from wage rates to the price of gold to a foreign currency. In a fixed exchange rate regime, only a decision by a country's government (i.e. central bank) can alter the official value of the currency. Contrast to "devaluation".

For example, suppose a government has set 10 units of its currency equal to one US dollar. To revalue, the government might change the rate to five units per dollar. This would result in that currency being twice as expensive to people buying that currency with U.S. dollars than previously and the US dollar costing half as much to those buying it with foreign currency.

Read the last sentence in the first paragraph again

So if they alter the face value of the 25 k note to a 25 note they have to leave the foriegn exchange rate the same for it to be a redenomination

I'm saying you got it all wrong

Not history

The exchange rate of the dinar we now hold won't change. It is a redenomination....only the new currency has a new value.

Why do you continue to act clueless as if you don't know what a redenomination is? So are you gonna tell me that we want them to delete the zeros? Lol...

[dontlop]

What the IQD will remain at 1166 forever

Ah ha ha ha ha ha

What new currency

Ah ha ha ha ha

[sportfisher]

I remember when you used to believe we would triple our money after a RD/LOP ?

[dontlop]

You got some more intel of the new currency code and if the cbi doesn't change it the un will ?

Ah ha ha ha ha

Who's we ?

I just posted what a rd is

If the face value of a currency changes and the exchange rate stays the same

You got some more intel of the new currency code and if the cbi doesn't change it the un will ?

Ah ha ha ha ha

The exchange rate of the dinar we now hold won't change. It is a redenomination....only the new currency has a new value.

Why do you continue to act clueless as if you don't know what a redenomination is? So are you gonna tell me that we want them to delete the zeros? Lol...

Who's we ?

I just posted what a rd is

If the face value of a currency changes and the exchange rate stays the same

How is posting the definition of a rd pretending I don't know what it is ??

Edited May 3, 2014 by dontlop

[sportfisher]

The exchange rate of the dinar we now hold won't change. It is a redenomination....only the new currency has a new value.

Why do you continue to act clueless as if you don't know what a redenomination is? So are you gonna tell me that we want them to delete the zeros? Lol...

Has there been an official announcement of a redenomination? 

[dontlop]

So keep you say the IQD which has been the IQD for decades is not going to be a currency any more ?? And they will have new notes ?

What will the new notes be called ??

This is very comical today

[sportfisher]

The exchange rate of the dinar we now hold won't change.

Oh good, you did keep some just in case   

[keepmwlknfny]

Has there been an official announcement of a redenomination?

Not as of yet....still just talk of the proper timing to execute....

[RVPleaseToday]

Well, dontlop, that has happened before, you know. Remember the Swiss Dinar?

It was replaced. After all those years.

[ewingm]

Okay, okay,  I said I would stay away from this discussion, but you've drawn me back in. Most people holdingdinars would probably now admit that the overnight get rich scheme that sucked them into this in the first place is not going to happen.  I realize on other sites, there are those who still hold to the "dream", but on Dinarvets, most of you are savvy enough in monetary  procedures to know better.  I believe that the dinar will increase in value against the current 1070 to 1 it now maintains.  Over time.  Lots of time.  The only scenario that helps dinarians is if the presently held currency doesn't physically change.  If at any point you have to "exchange" your bills, there will be a disaster in the making.  Standing in line to exchange your bills will not be acceptable to people who hold alot of dinars.  Pray for no LOP.  A LOP will require currency exchange, and other than website dealers, there is no other avenue open.  That is the most important piece of this discussion, my brothers. 

[keepmwlknfny]

So keep you say the IQD which has been the IQD for decades is not going to be a currency any more ?? And they will have new notes ?

What will the new notes be called ??

This is very comical today

It's now no surprise why you think the Swiss dinar revalued. I suggest you start over in your research, and learn from examples what happens in a redenomination. I'm not gonna sit here and hold your hand and teach you it all from the start....

[dinar_millions]

Ignore the knucklehead,we are so close to WTO Ascension and the worlds strongest currency that his b.s.talk is comical ...

[dontlop]

Well, dontlop, that has happened before, you know. Remember the Swiss Dinar?

It was replaced. After all those years.

What the Swiss dinar was IQD was exchanged for IQD

And the exchange rate per IQD was 150 to one so it changed from 150 times more to 150 times less so it revalued

[RVPleaseToday]

You can't have the world's strongest currency if you have 80 trillion dinar and only $100 billion to back it. WTO or not.

How much is the Dinar you hold in your hand worth, dontlop? That's all that matters.

[dontlop]

Okay, okay,  I said I would stay away from this discussion, but you've drawn me back in. Most people holdingdinars would probably now admit that the overnight get rich scheme that sucked them into this in the first place is not going to happen.  I realize on other sites, there are those who still hold to the "dream", but on Dinarvets, most of you are savvy enough in monetary  procedures to know better.  I believe that the dinar will increase in value against the current 1070 to 1 it now maintains.  Over time.  Lots of time.  The only scenario that helps dinarians is if the presently held currency doesn't physically change.  If at any point you have to "exchange" your bills, there will be a disaster in the making.  Standing in line to exchange your bills will not be acceptable to people who hold alot of dinars.  Pray for no LOP.  A LOP will require currency exchange, and other than website dealers, there is no other avenue open.  That is the most important piece of this discussion, my brothers.

How do you figure a disaster

The Swiss dinar changed and it got 150 to one during the exchange

Yep they had to exchange them for new currency and the rest of the IQD wasn't a disaster it was an even swap

[RVPleaseToday]

So, dontlop, you will be happy with an even swap?

[keepmwlknfny]

Ignore the knucklehead,we are so close to WTO Ascension and the worlds strongest currency that his b.s.talk is comical ...

So what was the dinars pre war value? Did you find it yet?

Did you also happen to look into the currency exchange process that occurred in Germany and Russia?

[dontlop]

You can't have the world's strongest currency if you have 80 trillion dinar and only $100 billion to back it. WTO or not.

How much is the Dinar you hold in your hand worth, dontlop? That's all that matters.

You can't have the world's strongest currency if you have 80 trillion dinar and only $100 billion to back it. WTO or not.

How much is the Dinar you hold in your hand worth, dontlop? That's all that matters.

That backing of the currency crap is coming to a a reaching halt

Why should they back a currency with a currency that's backed by nothing ?

That only means their currency is backed by nothing

[RVPleaseToday]

The elephant in the room continues to be that 80 trillion Dinar. You got to make 'em go away. There isn't enough money on earth to RV 80 trillion Dinar.

[dontlop]

This is so much fun staying on topic like this

[RVPleaseToday]

dontlop says, "That only means their currency is backed by nothing"

 

So you want nothing for your dinar? I thought you wanted dollars.

[dinar_millions]

I studied Russian,Germany and Italy.Post WW2 reconstruction and all 3 currencies returned to pre-WW2 values..