Likely scenario?

[DonH]

Sincerely, this is not what I want, but fear this is how this may go down:

1. GOI / CBI will announce the RV stating the exchange rate for the new IQD currency is ... let's say one IQD equals $1.30 USD.

2. The currency we now hold will be required to be exchanged for the new IQD currency for some nominal exchange rate (roughly what we've paid for it).

3. The new currency will be valued at a true GOI budget-backed rate somewhere north of a US buck per NEW IQD and pricing then to be driven by the current markets.

4. None of the investors (outside of the current IQD peddlers and some select "Gurus) make the windfall we hoped for/expected/desired.

5. The IQD held by various government treasuries may get priced on some other scale as per side agreements established between them and the GOI, however.

As disappointing as this would be for us, it simply seems like the reasonable solution for the GOI to clear up the currency we now have in circulation around the world. I certainly hope I am wrong.

Please tell me I am nuts and why, OK?

Thanks for allowing me this musing...

[Double Naught Spy]

I won't call you "nuts", but can you provide back-up to your scenario? I mean, what has happened that gives you this belief?

[Mstr_William]

Sincerely, this is not what I want, but fear this is how this may go down:

1. GOI / CBI will announce the RV stating the exchange rate for the new IQD currency is ... let's say one IQD equals $1.30 USD.

2. The currency we now hold will be required to be exchanged for the new IQD currency for some nominal exchange rate (roughly what we've paid for it).

3. The new currency will be valued at a true GOI budget-backed rate somewhere north of a US buck per NEW IQD and pricing then to be driven by the current markets.

4. None of the investors (outside of the current IQD peddlers and some select "Gurus) make the windfall we hoped for/expected/desired.

5. The IQD held by various government treasuries may get priced on some other scale as per side agreements established between them and the GOI, however.

As disappointing as this would be for us, it simply seems like the reasonable solution for the GOI to clear up the currency we now have in circulation around the world. I certainly hope I am wrong.

Please tell me I am nuts and why, OK?

Thanks for allowing me this musing...

Anything is possible.....but try and stay focused on the "Good" sided outcome of all of this though......

i.e. maybe they cut three zeros from the exchange rate making it .86 USD to 1 IQD......maybe they phase out all big notes as they are cashed in.......maybe maybe maybe.......lots of them out there.......

Ask. Believe. R.V

[DonH]

Sorry, perhaps I should have posted it or labelled it as "OPINION".

I certainly have NO intel of kind at my disposal. I do have a son stationed in what used to be the Green zone, but I never mention the issue to him as he is an officer and has way too many more important issues to worry about right now. I was just trying to come up with a likely logical, albeit painful, conclusion to my windfall fantasies. As I said, I hope that scenario is NOT the ultimate outcome. That said, if I were the GOI, that is how I would attempt to resolve the trillions floating around the world.

I really do believe th GOI could get away with it. After all, it is IRAQ!

[Mstr_William]

Sorry, perhaps I should have posted it or labelled it as "OPINION".

I certainly have NO intel of kind at my disposal. I do have a son stationed in what used to be the Green zone, but I never mention the issue to him as he is an officer and has way too many more important issues to worry about right now. I was just trying to come up with a likely logical, albeit painful, conclusion to my windfall fantasies. As I said, I hope that scenario is NOT the ultimate outcome. That said, if I were the GOI, that is how I would attempt to resolve the trillions floating around the world.

I really do believe th GOI could get away with it. After all, it is IRAQ!

Tell your Son "Thank you " for his service!!!! It's people like him that allow me to live the life I do....