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I have a question abobut a "Float"


AustinMom
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I am a beginner when it comes to currency markets.  With that being said, I have a question.  I, of course, will not say how much dinar I am holding.  IF I have 10, 25K notes, and the dinar would revalue at 10 cents, I might exchange one of my notes.  How long do you think I would take to float to, say $1.00?    I guess I am asking this:  How long would you wait to cash in the other 9 notes?  Is there any precedent that I could read up on?  Someone must have an inkling :)  Not asking for commitments,  just your thoughts.

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10 cents? that would be embarrassing to the country of iraq, they at least at min. need to come out with 1to1 to the US dollar. we may get jacked though, if they cancel the 3 zeros off our dinar were screwed, if they remove the 3 zeros from the exchange rate, then we may have some action. I am getting to think this speculative investment may not pan out.

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10 hours ago, madness said:

10 cents? that would be embarrassing to the country of iraq, they at least at min. need to come out with 1to1 to the US dollar. we may get jacked though, if they cancel the 3 zeros off our dinar were screwed, if they remove the 3 zeros from the exchange rate, then we may have some action. I am getting to think this speculative investment may not pan out.

that's been the crux all along....I just wish they'd do SOMETHING

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