Diner RV Reality Check

[KentuckyDan]

I am just curious. It is reported and documented that thre are 25 Trillion Iraqi Dinars in circulation. With the previous dinar there was 25 Billion in circulation. As a reffernece it is reported that the US has at the most 1.7 Trillion dollars in circulation. If you do the math on the oil reserves their total oil reserves at market price only add up to 12 trillion dollars (143 Billion X 85$/barrel) SOOOOO....if they revalue to 1$ per dinar... without lopping three zeros off the current circulating dinar that would make 25 TRILLION dollars worth of Dinar in circulation. Highly unlikely! Every Iraqi would become very wealthy along with those of us who drank the Iraqi Dinar RV Koolaid !! Nice dream....but not likely! Someone argue this point?

[curious80]

What is a Diner?

[RVDinar4MyFamily]

I am just curious. It is reported and documented that thre are 25 Trillion Iraqi Dinars in circulation. With the previous dinar there was 25 Billion in circulation. As a reffernece it is reported that the US has at the most 1.7 Trillion dollars in circulation. If you do the math on the oil reserves their total oil reserves at market price only add up to 12 trillion dollars (143 Billion X 85$/barrel) SOOOOO....if they revalue to 1$ per dinar... without lopping three zeros off the current circulating dinar that would make 25 TRILLION dollars worth of Dinar in circulation. Highly unlikely! Every Iraqi would become very wealthy along with those of us who drank the Iraqi Dinar RV Koolaid !! Nice dream....but not likely! Someone argue this point?

Is oil the only asset that you are considering that Iraq has to back up the dinar? What about the vast amount of gold they have?

[KentuckyDan]

Is oil the only asset that you are considering that Iraq has to back up the dinar? What about the vast amount of gold they have?

Not sure about the gold reserves. However they also have vast amounts of Natural Gas, I will research both natural resources and repost. Clearly their Oil reserves are their greatest natural asset with the most value. To RV their currency to be worth what 35 years of oil revenue will generate seems unrealistic.

[Norm Walker]

Back in June the CBI had posted that they had brought in something like 90% of the Dinars that were once in circulation.

[Guest hspotman]

What is a Diner?

That is a place where you stop on the side of the road to get a bite to eat, and pay with paper money from Iraq called dinAr, lol

[Norm Walker]

How much of that 90% did they put back in to circulation, when they paid for government spending?

The whole point of bringing it in is so they don't ever have to deal with that currency again. Keep in mind they would like to get their money supply as small as possible. The 25K notes most of us have will be shredded or burnt at some point.

[fatbob]

I am just curious. It is reported and documented that thre are 25 Trillion Iraqi Dinars in circulation. With the previous dinar there was 25 Billion in circulation. As a reffernece it is reported that the US has at the most 1.7 Trillion dollars in circulation. If you do the math on the oil reserves their total oil reserves at market price only add up to 12 trillion dollars (143 Billion X 85$/barrel) SOOOOO....if they revalue to 1$ per dinar... without lopping three zeros off the current circulating dinar that would make 25 TRILLION dollars worth of Dinar in circulation. Highly unlikely! Every Iraqi would become very wealthy along with those of us who drank the Iraqi Dinar RV Koolaid !! Nice dream....but not likely! Someone argue this point?

Do some research. Everything you need to know is archived in this site.

[curious80]

That is a place where you stop on the side of the road to get a bite to eat, and pay with paper money from Iraq called dinAr, lol

Ahh, I see! GOOOO DINER! I'm hungry for some mucho dinero! :lol:

All in good fun,

CuriousGeorge

[KentuckyDan]

Back in June the CBI had posted that they had brought in something like 90% of the Dinars that were once in circulation.

Is there a post or a link on the CBI action? Please let me know.

[Frank61]

I am just curious. It is reported and documented that thre are 25 Trillion Iraqi Dinars in circulation. With the previous dinar there was 25 Billion in circulation. As a reffernece it is reported that the US has at the most 1.7 Trillion dollars in circulation. If you do the math on the oil reserves their total oil reserves at market price only add up to 12 trillion dollars (143 Billion X 85$/barrel) SOOOOO....if they revalue to 1$ per dinar... without lopping three zeros off the current circulating dinar that would make 25 TRILLION dollars worth of Dinar in circulation. Highly unlikely! Every Iraqi would become very wealthy along with those of us who drank the Iraqi Dinar RV Koolaid !! Nice dream....but not likely! Someone argue this point?

????

[palung]

Now that things are getting hot, what is up with all these newbies starting a negative threads?

[wdsheehan]

Not sure about the gold reserves. However they also have vast amounts of Natural Gas, I will research both natural resources and repost. Clearly their Oil reserves are their greatest natural asset with the most value. To RV their currency to be worth what 35 years of oil revenue will generate seems unrealistic.

Dude, there is much information to back up, on this site alone, the speculated and previous value of the dinar. Not to mention other sites and history ledgers that are credible. Please do not ask our Guru's to re-write ALL of their original post to answer questions that alittle digging alone will get you. They are quite busy keeping everyone updated every moment and may I add... without any financial compensation.

A suggestion is: Purchase the Dinar Intel book by Adam Montana... it is full of answers to your questions and as I understand you can acquire it at a significantly reduced rate today!

[mckay*pro]

I am just curious. It is reported and documented that thre are 25 Trillion Iraqi Dinars in circulation. With the previous dinar there was 25 Billion in circulation. As a reffernece it is reported that the US has at the most 1.7 Trillion dollars in circulation. If you do the math on the oil reserves their total oil reserves at market price only add up to 12 trillion dollars (143 Billion X 85$/barrel) SOOOOO....if they revalue to 1$ per dinar... without lopping three zeros off the current circulating dinar that would make 25 TRILLION dollars worth of Dinar in circulation. Highly unlikely! Every Iraqi would become very wealthy along with those of us who drank the Iraqi Dinar RV Koolaid !! Nice dream....but not likely! Someone argue this point?

Ok let me put this visually and try and correct you where I believe you may be mis informed.

the USA in 2009 had spent 2,650 BILLION dollars. so 2.6 Trillion of which was spent as i'll show you.

1,449 BILLION or 54% was spent by our military, and the other 1,210 BILLION or 46%

GO TO THIS LINK: http://www.warresisters.org/pages/piechart.htm

Now as for Iraq, Their debts were forgiven, The Paris Club Monday canceled the remaining 20 percent, or $7.8 billion, of Iraq's debt stemming from the Saddam Hussein era.

also Iraq has only used up 8% of their oil reserves, they also have hundreds of BILLIONS of 100 GALLON barrels of oil untouched. As far as being able to support what you say above NOT every single DINAR in circulation is going to be cashed in, BANKS/GOVERNMENTS/THE IRAQ PEOPLE need to USE some of these dinars to actually buy things. So IMO what i'm trying to tell you is its not like iraq is BUYING UP ALL DINAR's ON EARTH and wont share any with anyone. I assure you in every way they can support more then $1. They also have a huge amount of gold reserves that they have stockpiled for some reason. - WONDER what that could be?

Best reguards.

Edited November 13, 2010 by mckay*pro

[buckeye88us]

Now that things are getting hot, what is up with all these newbies starting a negative threads?

No doubt!!...or asking very simple questions without researching all the previous posts!!!.

[Richguy]

Is oil the only asset that you are considering that Iraq has to back up the dinar? What about the vast amount of gold they have?

As of last December, Iraq was estimated to have about 2.5 to 3 billion dollars worth of gold. Not sure that qualifies as 'vast'

http://www.planforiraq.com/2009/12/did-iraq-mysteriously-purchase-gold-bullion/

I agree that it is hard to support 25 trillion dollars worth of dinar. As to bringing 90% back in, I see little evidence that they are trying to hold onto it with all the dinar auctions they are having. I have been buying some dinar from a major dealer in Virginia. He claims to have just gotten a huge batch of NEWLY MINTED 2010 dinar notes last Thursday the 4th. So I'm not buying this rumor that they have been pulling the larger notes back in already. Having said that, and having listened to the conference call today, the people who appear to be in the know keep insisting that there will be no LOP and our dinar will revalue at the full posted rate. I'm still at a loss on how they can do this, and yes I've read the long supposed explainations on how this can work and only cost Iraq like $240 to cash a 10,000 dinar note at the full exchange rate, blah, blah, blah. It's still VERY hard to believe that SOOO many people can be made millionaires overnight through this. Right now I'm just waiting and hoping and praying. I am trying to expect only a modest profit and hope for a huge one. This whole RV thing has been filled with rumor, innuendo, hearsay and speculation. No one has positive proof on how this is going to come out. Period. So we wait....

[pureau79]

I am just curious. It is reported and documented that thre are 25 Trillion Iraqi Dinars in circulation. With the previous dinar there was 25 Billion in circulation. As a reffernece it is reported that the US has at the most 1.7 Trillion dollars in circulation. If you do the math on the oil reserves their total oil reserves at market price only add up to 12 trillion dollars (143 Billion X 85$/barrel) SOOOOO....if they revalue to 1$ per dinar... without lopping three zeros off the current circulating dinar that would make 25 TRILLION dollars worth of Dinar in circulation. Highly unlikely! Every Iraqi would become very wealthy along with those of us who drank the Iraqi Dinar RV Koolaid !! Nice dream....but not likely! Someone argue this point?

Dan, here is a really good article. There is lots more on this website, but you'll have to do the research like many before you who have asked this same question. I asked the same question months earlier... bear in mind that some circumstances may have morphed a bit, but the basis and premise of the article is solid.

"Economist RV Explanation Part I and II

Had to share this! Part 1

Economist Explains How The Plan To Have The IQD RV at 1 IQD = $1 USD Should Work!

--------------------------------------------------------------------------------

In our 40+ year career as a Retirement Consultant we have been blessed to meet some very talented professionals. One of them is a retired State Dept. economist who introduced us to the IQD investment in 2005. He had worked on the original plan to install a new monetary system for Iraq after the 2003 invasion.

He had originally indicated that the plan was for the IQD to achieve financial parity with the USD over a 7-10 year period from the introduction of the new system. At that time the USD’s use would be completely discontinued and it would be replaced by the IQD for in-country use and international exchange. The variable factor in the timetable would be the political environment.

I visited with him recently and got an update on several issues:

(1) He indicated the original time table was proceeding on a fast track due to the financial management skills exhibited by the CBI and the Finance Ministry in (1) controlling the rate of inflation, (2) controlling the value of the IQD in a declining economic environment and (3) implementing a digital banking system both internally and externally, but the variable was still the political environment.

Like most economist he doesn’t talk in absolutes (i.e. rate/date) but in probabilities. His knowledge base is pretty current since he is still part of a subsection of the original group that Iraq, State Department and IMF financial people bounce things off of.

(2) We raised the issue of the large number of IQD reported as being in circulation (current estimates are at 25 Trillion). He indicated this was mostly made up of (1) in country physical currency, (2) the foreign currency reserves of the central banks around the world which are electronic, (3) currency that had been printed but not released (i.e. small denomination bills) and (4) privately held physical currency sold to increase the foreign currency reserves.

The export oil revenues are still under the control of the UN supervised DFI, and Iraq only gets roughly 30% of the fair market value of the oil they are selling, which is to be used only for budgetary expenditures. Since Shabbi, the head of the CBI, knew he couldn’t get anymore cash flow out of the controlled revenue system the IMF/UN had him under, he opened a currency sales window at the daily auctions to tap into the wallets of the worlds speculators. Worked pretty good, since he’s built his foreign currency reserves to over $50 billion USD.

(3) We then moved to the removal of big bills (the ones with the 3 zeros on them) and he said that this activity was always built into the plan. The activity was to begin as soon as Iraq had implemented a modern digital financial system (i.e. bank branches, credit/debit cards, ATM’s, direct wire transfers etc.). The removal of the large bills in-country would be the reverse of the process that was used to remove the pre-2003 currency with Saddams picture on it. The example was a 25,000 IQD=$25USD/pre-rv note would be brought into the bank and exchanged for a 25 IQD note=$25 USD post/rv. The 25,000 IQD note would then be destroyed removing it from the currency in circulation account. I told him a lot of people would call that a LOP and he laughed, saying they are partially right, because 25,000 IQD was being lopped from the currency in circulation account, but the only reason for this process was to improve money handling ability at all organization levels, and reduce the actual physical currency in use in all areas of the Iraq economy.

Interestingly enough, he said this activity could happen in-country without an approved RV rate being released to the International financial system. I asked how much physical IQD did he estimated was in circulation in-country, and he said probably less than had been originally introduced in 2003 which was about $4.5 billion USD worth at an exchange rate of 2000 IQD = $1 USD, because there has been a continuous process of not replacing the larger bills as they wore out. In fact this has resulted in currency shortages in some areas.

(4) The next obvious question was how would the removal of the large bills with the three zeros work outside of Iraq, because of the number of world speculators holding IQD. He indicated, the amount of IQD held by speculators was relatively minor (less than 10%) compared to the IQD held as foreign currency reserve by the central banks of a number of major countries (US, China, England & France were the largest) with major financial interest in Iraq. He didn’t have an exact estimate of speculator holdings but ventured an educated guess of 750,000 individuals worldwide with the majority in the US. Estimated value of their holdings $1.5 Trillion – $1.7 trillion IQD.

The remainder of the discussion will be posted in Part 2.

Read more: http://dinarvets.com/forums/showthread.php?16551-Economist-RV-Explanation-Part-I-and-II#ixzz0lJ1fy4oI

Economist RV Explantion – Part II

(5) Before discussing the planned process of how currency exchange would take plan after the IQD was released as an international tradeable currency, he asked if I remembered my economics 101 and what the real purpose of currency is? Yes teacher I replied, it’s a medium of exchange that facilitates the orderly distribution of goods and services among individuals, companies, country’s etc. The often used example, is the use of currency allows an automobile dealer to exchange a new mustang GT (composed of many diverse parts each with its own individual market value) for the cash down payment + bank financing check of a proud new owner, and each has received equal market value at the moment of exchange.

This is an important concept because the value of a particular currency may be defined by the value of what the currency can be exchanged for, instead of the usual underlying economic indicators.

The complete discussion was rather lengthy so here’s the executive summary of how the exchange should work with IQD owned by a US speculator:

(1) IQD is released internationally with an exchange rate of $1 USD = 1 IQD

(2) IQD is exchanged by Mr. & Mrs. X at Bank Y. Their exchange value is credited to their designated financial account, Bank Y forwards the IQD currency to the Federal Reserve and Bank Y’s account is credited at the bank private exchange rate. Yes, the banks will have a private rate and then they will add their profit spread to come up with their public rate. By law this bank spread could be as high as 8%, but it will be a competitive marketplace and the banks know investors will shop around. There is a possibility that there might even be a three rate structure (i.e. Treasury Rate – Bank Private Rate – Bank Public Rate) imposed, but he had no input on that subject.

(3) The Federal Reserve adds the value of the exchanged IQD to their foreign currency reserve accounts and destroys the actual physical currency under agreement with the CBI, which serves to reduce the total IQD physical currency in circulation. This build up of the foreign currency reserve accounts serves to strengthen the USD in the marketplace, because heretofore the US has never held significant foreign currency reserves, because there wasn’t any country whose currency was perceived as being equal to or stronger than the USD. The IQD with it’s commodity (oil+others) base, potential for agriculture growth and aggressive private development growth, has the capability to become the most valuable currency in the world in the 10 years after it’s revaluation and approval as an internationally recognized currency. Other countries have lots of oil, but they can’t feed themselves, they operate under a monarchy or religious tribunal and they have no private development system in place.

(4) Mr. & Mrs. X tithe to their church, local charity etc. which stimulates activity in that sector. They pay off their debts, making currency available for re-lending by their creditors. They buy a new house and car which stimulates their local economy and set up a conservative investment portfolio which adds capital to the investment markets. They also pay their estimated taxes which increases the cash flow to the US Treasury.

(5) The Federal Reserve under a controlled redemption plan supervised by the IMF, will use it’s foreign currency reserve IQD account to buy oil for the national strategic reserve, DOD reserves, other country reserves as part of international support agreements or resell it to private oil companies etc.

This gives the Federal Reserve a powerful market force capability to control the supply/price of imported oil which has far-reaching economic and national security implications.

The economics of this scenario look like this, using the exchange of a 10,000 IQD Note with a two-tier 2% bank exchange spread as an example:

(1) Mr. & Mrs. X get $9,800 credited to their non-interest bearing checking account.

(2) Bank Y gets a $10,000 credit to its Federal Reserve account, and by adding the $200 profit to their capital account, allows them to increase their lending cap by $2,000 under the 10% fractional banking model.

(3) The Treasury gets $3,500 in estimated taxes in the quarter after the exchange, because Mr. & Mrs. X are now in the “rich” category and get to enjoy the 35% tax bracket. This lowers the net cost of the IQD exchange to the US financial system to $6,500 USD (i.e. $10,000 out – $3,500 in).

(4) The Fed’s designated agent, at some point, orders $10,000 worth of oil from Iraq. Payment will consist of a 10,000 transfer from the Fed’s foreign currency reserve IQD account to the IRAQ Oil payment account at the CBI. Even though the world spot price of oil is defined in terms of USD, the actual transaction may take place in any internationally recognized currency agreed to by the parties. For example, Iran only accepts Yen from Japan for their oil orders, because they don’t want USD in their foreign currency reserves.

(5) The $10,000 order is filled with 200 barrels of oil based on the spot price on the date of the sale (for this example we used a $50 USD spot price). What does it cost Iraq to produce the oil to fill this order? Well they have negotiated productions agreements for $1.50 USD/barrel. From that price $.50 USD goes to the national Iraqi oil company who is the partner in the field the oil came from. Out of the remaining $1.00 the other oil field partners have to pay the Iraq government a profit tax of $.35 USD (35%). The net cost to Iraq to produce a barrel of oil used in this scenario is $.65 USD. (i.e. $1.50 – .50 – .35)

(6) The transaction is completed with the Federal Reserve exchanging foreign reserve credits which are equal to 10,000 IQD (which had a net acquisition cost of $6,500 USD) for 200 barrels of oil (which has a net cost to produce of $130 USD.

Simply put, it cost Iraq $130 USD from their foreign currency reserve accounts to redeem the value of 10,000 IQD, which goes into their operating accounts. At the same time the US got $10,000 worth of oil for a net cost of $6,500. That’s how it was originally planned for Iraq to RV at 1 IQD = 1 USD, with the variable being the political element (i.e. UN Sanctions, GOI actions, IMF actions, World Bank actions etc.)

Now let’s really stir the pot by:

(a) Having the DFI ($280+ Billion USD) plus other frozen assets (estimated at $100 billion) turned back to Iraq and added to their foreign currency reserve, bringing it up to $430+ billion USD.

( Then change the current fractional IQD reserve requirements of 100% to 15%. That just raised the total potential money supply value to $2.8 Trillion (430 billion/ 15), while at the same time the total physical IQD in circulation is being reduced by removing the large bills with the 3 zeros.

© Also execute the plan Iraq announced to increase oil production from 2+ million barrels/day to 10 million barrels/day with the resulting revenues flowing directly to the Iraq treasury.

(d) To add a little more intrigue have the CBI continue to use it’s sales window to market oil futures and forex contracts. They have shown they can generate significant cash flow in the private market, think of their impact in public markets.

We leave it to your analytical ability to determine how high of an RV exchange rate IRAQ can really support. There is strong political pressure to set the initial rate at $3.22 USD = 1 IQD, so it can be proclaimed that IRAQ has moved back into the International community of nations and has re-established it’s currency at the internationally traded rate in effect before Saddam invaded Kuwait in 1990.

Frank26 zip code is $3.21+ as I remember, which is suggested is the same exchange rates cabinet ministers reportedly used to project the 2010 budget.

VERY INTERESTING! You have to love it when a plan comes together."

__________________

IRS Circular 230 requires that those enrolled to practice before the IRS should state when general information is given, that it “SHOULD NOT BE CONSIDERED PROFESSIONAL ADVICE”. We strongly encourage all investors to consult with their own professional financial team.

Read more: http://dinarvets.com/forums/showthread.php?16551-Economist-RV-Explanation-Part-I-and-II#ixzz0lJ2FXSEL

[Guest 13]

This was debunked on a different forum

[pureau79]

Hey Guest_13_*, I don't mind someone bringing correction where correction is due (in fact, I appreciate it when you help keep me on track), but I would ask that you include links to the proof so I can stay abreast of factual info. Thanks...

[millyrae]

lop sounds more logical than rv at 3 bucks to me

[pureau79]

lop sounds more logical than rv at 3 bucks to me

Well, I do agree that $3.00 seems far fetched, but I disagree that a lop would be logical for a few reasons...

IMHO:

1. What a LOP would mean to us common-folk is that we would simply get our money back (less the fees already paid and the transaction fees to come for cashing in). e.g. A "LOP", assuming that IQD RV's on par with USD, would value a 25,000 dinar note at $25.00. That's gonna p*$$ off a lot of potential trading partners.

2. Everyone with a vested interest in IQD will have spent an enormous amount of time incredibly frustrated for basically nothing and the large traders (i.e. Dinar Trade, Dinar Banker, etc...) are not doing this for entertainment. They, like sharks in the water, smell an opportunity for much larger gains than any fees they have charged you and me.

3. The LOP would apply to EVERYONE (governments included) and this would pretty much destroy Iraqs financial credibility in the WTO, of which Iraq desires to be a functional part.

4. China and the United States are heavily invested in Iraq and not simply for the oil as some would suggest, and I don't think either nation would simply settle on getting their money back. These two nations do nothing unless it benefits the nation in some way and trading dollar for dollar (or whatever) is of no practical benefit. To repeat what someone else wrote, "It would be like taking money out of one pocket and placing it in the other." No gain.

[jmw]

The original question is actually a very good one...there isn't enough money in the world to cover a a revalue of even $1....in the world combined! Where is all of this wealth going to come from?

Well, I do agree that $3.00 seems far fetched, but I disagree that a lop would be logical for a few reasons...

IMHO:

1. What a LOP would mean to us common-folk is that we would simply get our money back (less the fees already paid and the transaction fees to come for cashing in). e.g. A "LOP", assuming that IQD RV's on par with USD, would value a 25,000 dinar note at $25.00. That's gonna p*$$ off a lot of potential trading partners. This is correct...the problem is that angering trading partners has nothing to do with their monitary policy.

2. Everyone with a vested interest in IQD will have spent an enormous amount of time incredibly frustrated for basically nothing and the large traders (i.e. Dinar Trade, Dinar Banker, etc...) are not doing this for entertainment. They, like sharks in the water, smell an opportunity for much larger gains than any fees they have charged you and me.They have already made millions of of the dinar...they don't need it to revalue they just need people to continue to think it will and to hype the potental.

3. The LOP would apply to EVERYONE (governments included) and this would pretty much destroy Iraqs financial credibility in the WTO, of which Iraq desires to be a functional part.A redenomination would have no bering on their being included in the WTO...actually it might even help them.

4. China and the United States are heavily invested in Iraq and not simply for the oil as some would suggest, and I don't think either nation would simply settle on getting their money back. These two nations do nothing unless it benefits the nation in some way and trading dollar for dollar (or whatever) is of no practical benefit. To repeat what someone else wrote, "It would be like taking money out of one pocket and placing it in the other." No gain. Pure speculation

They are much more likely to redenominate their currency then they are to have a supstantial revaluation....

Edited November 13, 2010 by jmw

[Guest FactChecker]

Back in June the CBI had posted that they had brought in something like 90% of the Dinars that were once in circulation.

let's get right to the point... what you said is TOTALLY UNTRUE... keep saying it and then it will be a lie...

[pureau79]

The original question is actually a very good one...there isn't enough money in the world to cover a a revalue of even $1....in the world combined! Where is all of this wealth going to come from?

They are much more likely to redenominate their currency then they are to have a supstantial revaluation....

Well jmw, I did not even elude to a substantial revaluation. The intent behind my p*$$ comment did not imply that it had any bearing on the monetary policy of Iraq. I clearly stated that the result of a LOP would damage their standing as a trading partner. There is nothing to say a revaluation could not come in as low as $.01, which is to the Iraqi people about 1,085 times better than their current circumstance. Yes, the final comment, as you so aptly put it, is pure speculation. However, if you will look at the language immediately prior to point number one you will see that the entire premise of my argument against a LOP was "In My Humble Opinion". I did not state anything as a fact, only an opinion, but thank you for being sensitive and kind hearted enough to attempt the discrediting of my "opinion", which, by the way, is still my "opinion". Have an awesome day amigo.

[rich daniels]

I am just curious. It is reported and documented that thre are 25 Trillion Iraqi Dinars in circulation. With the previous dinar there was 25 Billion in circulation. As a reffernece it is reported that the US has at the most 1.7 Trillion dollars in circulation. If you do the math on the oil reserves their total oil reserves at market price only add up to 12 trillion dollars (143 Billion X 85$/barrel) SOOOOO....if they revalue to 1$ per dinar... without lopping three zeros off the current circulating dinar that would make 25 TRILLION dollars worth of Dinar in circulation. Highly unlikely! Every Iraqi would become very wealthy along with those of us who drank the Iraqi Dinar RV Koolaid !! Nice dream....but not likely! Someone argue this point?

iraq runs on cash and the usa runs on credit cards

if usa was running on cash there would be 50 trillion or more dollers out there

probably alot more

thank you i will be here all week