ronscarpa Posted July 16, 2021 Report Share Posted July 16, 2021 (edited) Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Frank26 Article Quote: 'the importance of deleting the zeros from the currency and slimming its units...' the interpretation of these articles suck...'the importance of deleting zeros', in other words adding value to the currency of Iraq...it's important right now. It is to introduce new small category notes...they don't have 3 zeros. They are 'slimmer'... ** Breitling One of the things [I hear] that's kind of funny is that 'Iraq is so corrupt that's why this isn't getting done.' That's the dumbest thing I've ever heard. If Iraq was so corrupt they would have revalued the currency and made as much money off of it as they could even though it would have probably crashed. They would have gotten in and out. That's corruption. Keeping the currency where it's at and using the US dollar is discipline. They actually did good. It's coming..! ** Pimpy If you go along and you start doing the increments - increasing the value of the dinar against the US dollar. They were talking about exchanging out [the higher denominations notes]. In other words they're going to take away the 25,000 and 50,000 dinars as they came in [to the Iraqi banks] but they would exchange it for equal value...in other words if I brought in 25,000 dinars they might give me 5 - 5000 dinars so I still have my 25000 dinars and that would be how they get rid of the higher denominations...I could see that happening... Edited July 16, 2021 by ronscarpa 1 10 3 Quote Link to comment Share on other sites More sharing options...
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