xe.com - IQD may be redenominated by the end of 2010

[Earnest T Bass]

Xe.com has the following statement:

Currency Rates

Notice: IQD may be redenominated by the end of 2010. More on the Iraqi Dinar

Live rates at 2010.10.27 02:33:00 UTC1.00 USD = 1,169.55 IQD view USD/IQD chartUnited States Dollars Iraq Dinars1 USD = 1,169.55 IQD 1 IQD = 0.000855030 USD

Link:

http://www.xe.com/ucc/convert.cgi?Amount=1&From=USD&To=IQD&image.x=32&image.y=9ℑ=Submit

[jwprimerica]

Been saying that for months bud, good eye tho

[djgabrielie]

It also said this when you click on Iraqi Dinar

The Central Bank of Iraq has announced their plans to redenominate the Iraqi Dinar to ease cash transactions. By the end of 2010, they intend to drop three zeros from the nominal value of bank notes. It should be noted that the actual value of the dinar will remain unchanged. That means that 1,000 IQD (pre-redenomination) and 1 dinar (post-redenomination) will both be worth the same amount in US Dollars. As stated by the Central Bank of Iraq, their mandate is to "ensure domestic price stability and foster a stable competitive market based financial system." For more information about the redenomination, read "Iraq Planning Currency Redenomination."

Now what exactly does that mean?

[tampa1000]

Old news!!! thanks for posting anyway!!!

[PickinDaisies]

this gets posted many times. but thanks for trying!