davidsto Posted November 30, 2010 Report Share Posted November 30, 2010 [size="3"]Can anyone check this link out and explain what this forex site is talking about (redenominate and post-redenominate!!!![/size] http://www.xe.com/currency/iqd-iraqi-dinar 5 5 Link to comment Share on other sites More sharing options...
MrDinarman Posted November 30, 2010 Report Share Posted November 30, 2010 It means your Dinar is worth what you paid for it and will remain at that value even after RV. 1 1 Link to comment Share on other sites More sharing options...
truckdriver Posted November 30, 2010 Report Share Posted November 30, 2010 I feel something coming on and it don't feel good . Link to comment Share on other sites More sharing options...
jsb Posted November 30, 2010 Report Share Posted November 30, 2010 GIVE IT A REST! JUST KEEP THIS STUFF OFF OF HERE............IF YOU ARE WORRIED ABOUT THIS, IT IS NOT THE INVESTMENT FOR YOU! 1 1 Link to comment Share on other sites More sharing options...
dklll Posted November 30, 2010 Report Share Posted November 30, 2010 When you look at second article date is Feb 6 2010 Link to comment Share on other sites More sharing options...
MahiMahi Posted November 30, 2010 Report Share Posted November 30, 2010 GIVE IT A REST! JUST KEEP THIS STUFF OFF OF HERE............IF YOU ARE WORRIED ABOUT THIS, IT IS NOT THE INVESTMENT FOR YOU! ThankYou!!!!! 1 Link to comment Share on other sites More sharing options...
oildriven Posted November 30, 2010 Report Share Posted November 30, 2010 So if the 1000 is going to be worth 1iqd in your scenario... What is the 25 iqd coin gonna be worth??? Nothing?? Wrong. Go to the CBI website and check out the coins they just minted. You really need to check your research before you start posting. 3 Link to comment Share on other sites More sharing options...
Goldminer Posted November 30, 2010 Report Share Posted November 30, 2010 Old news.... has been hashed and rehashed and hashed again by the best of the best. We will know the outcome by 12/31. Link to comment Share on other sites More sharing options...
TKM Posted November 30, 2010 Report Share Posted November 30, 2010 Click on the blue highlighted "Iraq Planning Currency Redenomination" and it would tell you that this article is coming from a February 06, 2010 release. Almost 10 months old. A lot has changed in 10 months. Link to comment Share on other sites More sharing options...
davidsto Posted November 30, 2010 Author Report Share Posted November 30, 2010 GIVE IT A REST! JUST KEEP THIS STUFF OFF OF HERE............IF YOU ARE WORRIED ABOUT THIS, IT IS NOT THE INVESTMENT FOR YOU! Sorry dude! i was just looking at this site and had questions thats all! I want/need a rv as much as anyone, but i also want to understand this investment like anyone else. It seems to me that 1,000 IQD (pre-redenomination) and 1 dinar (post-redenomination) will = $1.00 usd 1 Link to comment Share on other sites More sharing options...
davidsto Posted November 30, 2010 Author Report Share Posted November 30, 2010 (edited) Sorry quys for this post guess i should have studied the article a little closer. I"M understanding this to mean exactly what it says and that is; 1,000 IQD (pre-redenomination) and 1 dinar (post-redenomination) will = $1.00USD , Thus meaning that 1,000 IQD "POST" -redenomination will = $1,000USD...... Sorry just asking a question. NO LOP! THEY ARE TELLING US THEY WILL REVAL!!!!!! YESSSSSSSS..... Edited November 30, 2010 by davidsto Link to comment Share on other sites More sharing options...
Tampa Posted November 30, 2010 Report Share Posted November 30, 2010 No that means break even 1 Link to comment Share on other sites More sharing options...
tired_of_waiting Posted November 30, 2010 Report Share Posted November 30, 2010 Just because someone is a newbie does not imply that they are stupid. A newbie asks questions because they are trying to learn. We were all newbies to this investment at one time. If you are new to DV, I welcome you and your comments and questions. Just because I may not know what someone else knows in no way means I should research more befor I ask something. As an old timer to this investment I at times get annoyed at all the newbie bashing, and we will probably learn of this thing popping from a newbie. Link to comment Share on other sites More sharing options...
Tampa Posted November 30, 2010 Report Share Posted November 30, 2010 The post showed a site that said everything stays the same. Did you read the site www.xe.com if not what does it mean ? Link to comment Share on other sites More sharing options...
tired_of_waiting Posted November 30, 2010 Report Share Posted November 30, 2010 That web site is suggesting that the nominal value will remain unchanged after they drop three zero's which is in par with what Shabibi has stated in previous press releases, however there is a multitude here on DV who take offence to this theory with good reason.I may be wronge and totally off base here, but this is what I have summized from it all. Dont confuse this with the RV. it is my understanding that after the dropping of 3 zero's leaveing the value unchanged ther will be a revalueing process which is what we are waiting for Then look out it's party time Link to comment Share on other sites More sharing options...
Incountry Posted November 30, 2010 Report Share Posted November 30, 2010 Simply put: From what sources, credible intel as well as reliable news (you know… with a link) has told us is that: ONLY THE NEWEST (NOT YET RELEASED ) DINAR WILL BE INTERNATIONALLY RECOGNISED. It will be at a high rate of exchange meaning that it will be in the ball park of the dollar and may be more (BUT DON’T WORRY ABOUT THAT… that doesn’t concern you) What concerns you is the rate of the current Iraqi dinar. The current Dinar will only be a currency within the country of Iraq. Which from what is told will be locked to the newest (Not yet released) Iraqi Dinar (somewhat like a peg). The old will raise with the new (Slowly as the economy raises.) But you will eventually want to trade it because it will eventually stop being accepted by normal every day people. So that leaves you asking…? So what we are not going to be rich? That doesn’t make sense… Yes… if you are Iraq and want to hold on to what value your country has… It makes a lot of sense. Well what can we do to make money on this…??? There little to do to make money on this. If I were you may be… you could study Iraq and the companies in it and start investing… this place will be the new Dubai… but bigger. May Be... (I am not a professional investment manager. Consult a professional) They will probably tell you the same thing. 2 Link to comment Share on other sites More sharing options...
KentuckyDan Posted November 30, 2010 Report Share Posted November 30, 2010 (edited) This article was re published today for some reason. http://www.rferl.org/content/Iraq_Planning_Currency_Redenomination/1950504.html Edited November 30, 2010 by KentuckyDan Link to comment Share on other sites More sharing options...
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