Poll delete three zeros off the exchange rate or the currency

[dontlop]

Poll numbers are almost two to one now

So it looks like two to one think they will take the zeros off the exchange rate to the USA dollar not the exchange rate to the columbian peso

And they believe it won't be taken off the currency like every other zero deletions in history

Ok then

Some have read up on currency's and so e have chosen not to

[sundog]

Might as well throw my 2 dinars into the pot. There is not 88 Trillion dinars in the marketplace. Whatever dinars other countries hold they are not going to cash them in for USD. They will stay in their respective central banks and be used for other political purchasing power. If you believe that you have read way too much Tony, DC and the other guru BS. They know exactly how much dinar is in the market and whatever we minor investors hold is chump change. Prove me wrong. There are many scenarios as to what deleting the zeros mean. The rate, the currency, or just plain removing the 3 zero notes from the market place which they have been doing consistently over the years, hence the lack of IQD in the market place. The dinar - if and when it gains value, will not be equal with the dollar. The Iraqi currency had a value of $2.49 in 1949 against the USD and our USD was much stronger then than it is now. The dinar will always have more value than the dollar because they have more of the items that matter to make their currency valuable. Currency does not change value due to politicians, the number of lights that are on, or the number of indoor toilets. It has to do with imports, exports, the overall "health" of a particular country and the value of those imports and exports. You can not compare this change in value to any other change in value because this has never happened like this before. Don't go stating back in WWII either. Totally different circumstances. Kuwait is the closest scenario there is to compare and that is only slightly close. The real problem is the CBI and various articles have stated things both ways that they will lop and they won't. I guess we just wait and see as always.

[dontlop]

Iraqs dinar was worth around $3.30 in 1980

Because they only had 28 billion of them in existence

For a worth of around 90 billion dollars

I think Iraq needs around 350 billion dollars worth in today's dollars with its population

If they deleted three zeros off the currency to end up with 88 billion dinars times $3.50 rate they could get close to that

And they could sustain that

[dontlop]

The exchange rate has historically been high for the Iraqi dinar because it's an importing country

They produce very little besides oil

And the oil doesn't have anything to do with the dinar because its sold in dollars not dinars

Iraq imports goods with dollars and sell in dinars to the public

They like a strong dinar

The dinar has never been an exchangable currency on the forex

It's always been a local currency for Iraqis

[ewingm]

The good folks in the CBI know  where their 88 Trillion dinars are.  Unlike any currency speculation(hoarding) in the history of the world, the dinar has been hyped through the internet around the world.  This hoarding would never have been possible in the 20th century because information flow was by snail mail.  Now things go viral in hours.  The iraqi dinar speculation has no historical president.  It is unique.  A perfect storm if you will.  Corruption by government officials, unscrupulous dealers/gurus, internet access to spread the hype, etc. etc.  With all that said, the CBI must still act responsibly if it wants world recognition and acceptance.  Therefore, they simply cannot RV 88 Trillion dinar without first reducing that overarching liability.  They must and they will lop the zeros through a redenomination/new ISO code.  There is no other currency reform that makes sense.  

Edited September 22, 2014 by ewingm

[dontlop]

I think the only reinstatement is over

And it was the Swiss dinar reinstatement

I believe their was a miscommunication and leak that led people to believe the IQD would be revalued

When it was but only the Swiss Iraqi dinar that was reinstated in 2003

The rest is twisted bs