Got an email back from xe.com

[sparklingblue]

Hi Rebecca,

Thank you for your enquiry.

We don't ever specifically offer advice about currencies or what may happen to them, however in the case of the IQD there are certainly some things to consider.

IQD Redenomination

The Central Bank of Iraq announced plans to redenominate the Iraqi Dinar by removing three zeros from the nominal value of bank notes. That means that they will be issuing new bank notes. If you have any bank notes that are currently in circulation, they will not gain actual value, but instead, 1,000 current IQD will then be worth only 1 of the new IQD notes if all goes as planned. The Central Bank plans to phase out the current IQD notes by allowing people in Iraq to exchange them for new re-denominated IQD notes; eventually, the existing notes will not be legal tender.

1000 IQD (current) = 1 IQD (post-denomination)

Why the change?

This plan is intended to ease cash transactions in Iraq, since most everything is paid in cash over there. Can you imagine having to pay thousands for a loaf of bread? The purpose of this change is to make life a little easier for residents of Iraq who have to carry large wads of cash wherever they go.

What about people who don't live in Iraq?

This will put a lot of people living outside of Iraq in a bit of a bind. Those who have invested in IQD notes will find it difficult to convert their current IQD notes for new ones, since there are no Iraqi banks outside of Iraq. As you can imagine, not too many people will want to buy notes that are being phased out.

In regards to the USD, the Central Bank of Iraq has a mandate to ensure domestic price stability, which means that the actual value of the IQD will most likely remain stable. In other words, 1,000 IQD (pre-redenomination) and 1 dinar (post-redenomination) would both be worth about the same amount in US Dollars.

I hope this helps answer your question.

Regards,

XE Currency Services Team

XE.com Inc. · 1145 Nicholson Rd · Suite 200 · Newmarket · Ontario · L3Y 9C3 · Canada

www.xe.com · +1 416 214-5606 · Fax +1 416 214-5607

On 6/8/2010 12:17 PM, rebecca stone wrote:

[ayaimmortal]

this again?????????

[sparklingblue]

this is what they email me back. I hope it is not true ugh!!!!!!!!!!!!!!!!

Edited June 8, 2010 by sparklingblue

[Motorco]

Hope that puts an end to this!

[mariejose]

WHAT?? I THINK THE PERSON WHO WROT E THIS E-MAIL DOES'NT KNOW WHAT THEY ARE TALKING ABOUT OR WE ARE ALL COMING OUT ON THE SHORT END OF THE STICK.

[Brandon2230]

this is what they email me back. I hope it is not true ugh!!!!!!!!!!!!!!!!

I can't tell you how many posts I've read that have done the same thing as you. Please don't listen to XE's bs. It's been stated many times that they nor anyone for that matter is an authority on dinar, other than the CBI or IMF. This is just my opinion of what I've gathered from my reading.

[Serenity]

"In other words, 1,000 IQD (pre-redenomination) and 1 dinar (post-redenomination) would both be worth about the same amount in US Dollars".

1000dinar equals .90 cents (1000 X .0009) pre-redenom.....................1 dinar (post-redenom) will be worth .90 cents (remove three zeros) Equal in value...There is your RV...

Edited June 8, 2010 by Serenity

[keepmwlknfny]

We have to keep in mind people that 1, when this redenomination happens the value of the dinar will have gone up and number 2, the majority of us at least me will not be exchanging my current dinar notes for more dinar notes....if the value is going up im trading dinar for US dollars....so we will get whatever that exchange rate is at that time......so if one 25k note is going to be worth only 25 new dinar then that means the value will have gone up 1000 times at the least making the exchange rate a hell of a lot closer to a 1 to 1 senerio with the US dollar......so really if the value is going up im not exchanging for more dinar...im cashing out baby!!!

[Serenity]

We have to keep in mind people that 1, when this redenomination happens the value of the dinar will have gone up and number 2, the majority of us at least me will not be exchanging my current dinar notes for more dinar notes....if the value is going up im trading dinar for US dollars....so we will get whatever that exchange rate is at that time......so if one 25k note is going to be worth only 25 new dinar then that means the value will have gone up 1000 times at the least making the exchange rate a hell of a lot closer to a 1 to 1 senerio with the US dollar......so really if the value is going up im not exchanging for more dinar...im cashing out baby!!!

Absolutely correct!!!!!!!!!!!!!!!!!

[Cherysh]

So what about the news article that Adam posted, saying is was confirmed that dropping the 3 zeros was not going to happen? I will believe a news article before I believe an email. Just waiting patiently

[caz1104]

So what about the news article that Adam posted, saying is was confirmed that dropping the 3 zeros was not going to happen? I will believe a news article before I believe an email. Just waiting patiently

This post is nothing new and to me confirms what we've been saying/hearing for awhile-no worries. P.S. u know u look like a young Ann Wilson (good thing)

[babysnake]

it reads where the iraqi people will be able to exchange their larger notes for smaller ones ,before they have to cash them in, here in the usa have no way of doing that,,,,,,,,,,,so it is possible they will do this and not cause trouble in iraq, but for us,,,,,, a very bad deal

[caz1104]

it reads where the iraqi people will be able to exchange their larger notes for smaller ones ,before they have to cash them in, here in the usa have no way of doing that,,,,,,,,,,,so it is possible they will do this and not cause trouble in iraq, but for us,,,,,, a very bad deal

I hope you are wrong. I've read where many countrys and govmnts also have dinar,I doubt Iraq wants to piss off the world-IMO GO RV!!!!!!!!!!!!!!!!!!!!!!!!!

[Cabletech911]

A country can't honor currency only in country. This would be a logistical nightmare to start. Also, many key players in the game hold the physical currency in reserve and this would not go over well. Additionally, this is the reason why you diversify your assets. This is not going to be a private back room poker game. This event WILL be televisied!!!

[truckdriver]

Hi Rebecca,

Thank you for your enquiry.

We don't ever specifically offer advice about currencies or what may happen to them, however in the case of the IQD there are certainly some things to consider.

IQD Redenomination

The Central Bank of Iraq announced plans to redenominate the Iraqi Dinar by removing three zeros from the nominal value of bank notes. That means that they will be issuing new bank notes. If you have any bank notes that are currently in circulation, they will not gain actual value, but instead, 1,000 current IQD will then be worth only 1 of the new IQD notes if all goes as planned. The Central Bank plans to phase out the current IQD notes by allowing people in Iraq to exchange them for new re-denominated IQD notes; eventually, the existing notes will not be legal tender.

1000 IQD (current) = 1 IQD (post-denomination)

Why the change?

This plan is intended to ease cash transactions in Iraq, since most everything is paid in cash over there. Can you imagine having to pay thousands for a loaf of bread? The purpose of this change is to make life a little easier for residents of Iraq who have to carry large wads of cash wherever they go.

What about people who don't live in Iraq?

This will put a lot of people living outside of Iraq in a bit of a bind. Those who have invested in IQD notes will find it difficult to convert their current IQD notes for new ones, since there are no Iraqi banks outside of Iraq. As you can imagine, not too many people will want to buy notes that are being phased out.

In regards to the USD, the Central Bank of Iraq has a mandate to ensure domestic price stability, which means that the actual value of the IQD will most likely remain stable. In other words, 1,000 IQD (pre-redenomination) and 1 dinar (post-redenomination) would both be worth about the same amount in US Dollars.

I hope this helps answer your question.

Regards,

XE Currency Services Team

XE.com Inc. · 1145 Nicholson Rd · Suite 200 · Newmarket · Ontario · L3Y 9C3 · Canada

www.xe.com · +1 416 214-5606 · Fax +1 416 214-5607

On 6/8/2010 12:17 PM, rebecca stone wrote:

THAT HOW THAY GET YOU TO SALE YOUR DINAR"S BY EMAILS LIKE THAT ONE

[Mojo]

We have to keep in mind people that 1, when this redenomination happens the value of the dinar will have gone up and number 2, the majority of us at least me will not be exchanging my current dinar notes for more dinar notes....if the value is going up im trading dinar for US dollars....so we will get whatever that exchange rate is at that time......so if one 25k note is going to be worth only 25 new dinar then that means the value will have gone up 1000 times at the least making the exchange rate a hell of a lot closer to a 1 to 1 senerio with the US dollar......so really if the value is going up im not exchanging for more dinar...im cashing out baby!!!

This is exactly how it will happen we may not be able to get small notes (and who really wants too) , But we will NOT!!! have to cause the value will go up and if you cant find a bank to cash in (which wont happen ) you take yourself down to one of Ali's places and cash in its that simple

also if you read that e-mail and read it good it says that the Dinar will be worth 0.90 so 1 dinar =0.90 USD read it folks thats what it says

[bladowzanow]

This is exactly how it will happen we may not be able to get small notes (and who really wants too) , But we will NOT!!! have to cause the value will go up and if you cant find a bank to cash in (which wont happen ) you take yourself down to one of Ali's places and cash in its that simple

also if you read that e-mail and read it good it says that the Dinar will be worth 0.90 so 1 dinar =0.90 USD read it folks thats what it says

It says 1,000 dinar will equal 1 dinar which will equal $.90. That means 1,000 dinar will equal $.90. I don't believe (and don't want to believe) that this is true. But THATS what it says. "In other words, 1,000 IQD (pre-redenomination) and 1 dinar (post-redenomination) would both be worth about the same amount in US Dollars."

You give them 1,000 IQD note and they hand you back a 1 IQD note that exchanges for $.90.

Not what I want but that's what it clearly says.

[powerpager]

$.90 RV

000 Lop???

xe

[WayneC777]

Hi Rebecca,

Thank you for your enquiry.

We don't ever specifically offer advice about currencies or what may happen to them, however in the case of the IQD there are certainly some things to consider.

IQD Redenomination

The Central Bank of Iraq announced plans to redenominate the Iraqi Dinar by removing three zeros from the nominal value of bank notes. That means that they will be issuing new bank notes. If you have any bank notes that are currently in circulation, they will not gain actual value, but instead, 1,000 current IQD will then be worth only 1 of the new IQD notes if all goes as planned. The Central Bank plans to phase out the current IQD notes by allowing people in Iraq to exchange them for new re-denominated IQD notes; eventually, the existing notes will not be legal tender.

1000 IQD (current) = 1 IQD (post-denomination)

Why the change?

This plan is intended to ease cash transactions in Iraq, since most everything is paid in cash over there. Can you imagine having to pay thousands for a loaf of bread? The purpose of this change is to make life a little easier for residents of Iraq who have to carry large wads of cash wherever they go.

What about people who don't live in Iraq?

This will put a lot of people living outside of Iraq in a bit of a bind. Those who have invested in IQD notes will find it difficult to convert their current IQD notes for new ones, since there are no Iraqi banks outside of Iraq. As you can imagine, not too many people will want to buy notes that are being phased out.

In regards to the USD, the Central Bank of Iraq has a mandate to ensure domestic price stability, which means that the actual value of the IQD will most likely remain stable. In other words, 1,000 IQD (pre-redenomination) and 1 dinar (post-redenomination) would both be worth about the same amount in US Dollars.

I hope this helps answer your question.

Regards,

XE Currency Services Team

XE.com Inc. · 1145 Nicholson Rd · Suite 200 · Newmarket · Ontario · L3Y 9C3 · Canada

www.xe.com · +1 416 214-5606 · Fax +1 416 214-5607

On 6/8/2010 12:17 PM, rebecca stone wrote:

Iraq's Points of Great Stride. Iraq's Dinar is doing great.

JUNE 15-30 … There is a rule, if they are going to LOP they need to PR it six months before it happens. June 15 is six months before December 31 2010.

SO! … It is appearing, if they DO NOT come out with a PR stating a LOP by June 16, 2010, then we are going into 2011 with our currency, this is, if we have any left because of the RV.

Iraq "IS 80+% Debt Free" ... WHY WOULD THEY LOP ...

Iraq's Dinar "WILL BE" Globally recognized as Iraq’s Currency by the first Quarter of 2010, And it IS ... WHY WOULD THEY LOP ...

The bank spends $1 billion to $1.5 billion every month in oil revenue to buy Iraqi dinars on the open market, said Mudher M. Salih Kasim, senior adviser to the bank. ... WHY WOULD THEY LOP ...

December 15th 2008, Iraq bought back 282.5 billion dinar ... WHY WOULD THEY LOP ...

70% IQD liquids removed ... 24 trillion out of 28 trillion from Circulation ... WHY WOULD THEY LOP ...

Inflation is the lowest in 17 Years and Iraq went from 74% down to 14% 13.6% ... 3%...A Major Plus ... WHY WOULD THEY LOP ...

Out of "ALL" the Countries that LOP'ed, the Smallest percentage from a Country that had to LOP was 125% ... WHY WOULD THEY LOP ...

The U.S. Federal Reserve (A Private Company) did in fact exchange 7.5 Trillion IQD for $5 Billion USD to accumulate $100 Million per year in Interest via U.S. Treasury Bills for Iraq. ... WHY WOULD THEY LOP ...

Iraq is under Contract to buy a fleet of 55 new Boeing 737s, 777s and 787s which were not due to arrive until 2013.- How would they buy them at their current Dinar Value ? ? ? ...... Revalue ... WHY WOULD THEY LOP ...

They have to buy 5 Oil Tankers - How would they buy them at their current Dinar Value ? ? ? ...... Revalue ... WHY WOULD THEY LOP ...

IRD is the most secured currency in the world from fraud. ... WHY WOULD THEY LOP ...

IRD is new, and the only currency in Iraq ... WHY WOULD THEY LOP ...

IRD has increased in value since 2003. From 2000.00 to current 1170.00

They said in 2008 they are to revalue the currency, but they can not because they need to get through options ... they are looking to drop 3 zeros ... WHY WOULD THEY LOP ...

We American's take our Dinar and tun it in and it ends up at the Fed's. The US Fed now destroys the Currency per Iraq's agreement. Now Iraq owes US Fed's credit for that Dinar we exchange, But instead of recieving the Credit back in cash, Iraq gives the Credit back in Black Gold (Oil) instead That is how the total MO is reduced without general procedures, amung many other ways. How many more ways can they reduce the MO this way, THAT IS A LOT ... WHY WOULD THEY LOP ...

Iraq became a SOVERIGN NATION on 1/1/09 ... WHY WOULD THEY LOP ...

This is WayneC777, If yo have more "ONLY SOLID POINTS" that can go in here ... LET ME KNOW

Edited June 9, 2010 by WayneC777