The Three Zeros

[Dautch]

Okay.......is there anyone out there that can put this rumor to rest?

Simply.......will our 25,000 dinar notes be worth only 25 after the RV?

I've read so many things and heard so many opinions that I would just like to hear from someone that knows what the truth is about the 3 zeros.

Thanks, Dautch

[dirtrider]

what i think they mean is removing 3 zeros from what the currency is being traded at. right now its 0.00085, now remove the 3 zeros from in front of the 85.....now you got 85 cents

[skinz]

Suggestion... Go back and look at any thread on this board because they all end up in the same discussion... RV/Lop. You won't find a definite answer and nobody is going to know for sure until whatever is going to happen, happens. Some believe Revaluation, some Lop (25K note is 25 usd). This is going to provoke another useless argument about it full of name calling and confusion. Trust me.

[DinarProwler]

No one can tell you for sure. Just sit back relax, enjoy the ride.......

[Dautch]

Thank you guys for your quick responses.

I don't see it helping the global economy if the 3 zeros come off at cashin time.

Unless it is as ". right now its 0.00085, now remove the 3 zeros from in front of the 85.....now you got 85 cents"

[keepmwlknfny]

Okay.......is there anyone out there that can put this rumor to rest?

Simply.......will our 25,000 dinar notes be worth only 25 after the RV?

I've read so many things and heard so many opinions that I would just like to hear from someone that knows what the truth is about the 3 zeros.

Thanks, Dautch

That wouldnt be an RV what your describing.....thats called a redenomination or what most people say (lop).....

If the 25k dinar becomes 25 new dinar thats a redenomination....

If the 25k dinar becomes 25k new dinar and they raise the value, then that would be our RV....

If they remove the zeros we will end up barely breaking even....

[Jaxinjersey]

Suggestion... Go back and look at any thread on this board because they all end up in the same discussion... RV/Lop. You won't find a definite answer and nobody is going to know for sure until whatever is going to happen, happens. Some believe Revaluation, some Lop (25K note is 25 usd). This is going to provoke another useless argument about it full of name calling and confusion. Trust me.

You're right! Here we go again!!!

Additional suggestion: Read the other threads, come to your own conclusion... and wait to see what happens. One thing is for sure... we will all be surprised! Good luck to all!

[timN]

Ok...so if I am understanding correctly...if the 25000 note becomes 25, then basically we will break even at that point? And whatever rate happens at the RV ...the gain will be minimal at best?

[keepmwlknfny]

Ok...so if I am understanding correctly...if the 25000 note becomes 25, then basically we will break even at that point? And whatever rate happens at the RV ...the gain will be minimal at best?

If they redenominate by deleting the zeros then yes.....

[dhardage]

Went through and evened out all those who are trying to EDUCATE people on what LOP/Redenomination means. This is the LOP section............PLEASE stop giving negs just because you don't want to hear about the possibility of a LOP.

[MrDinarman]

Just close your eyes and think of lollipops and rainbows.....

If you want to find an answer just do some basic arithmatic and look at 7th grade economics.

Lets see.... 27Trillion($27Billion) Dinar in circulation(give or take...take 20t if you want) and they Revalue at $3 per Dinar that equals $81 TRILLION!! Thats more than all the worlds money value COMBINED is.

Do you think that $27 billion can turn in $81 trillion? or even $27trillion(1:1)? Fact is it has to be closer to $1-3 trillion at this particular time. So Lopping then RVing or RDing, Restructuring, ect is the best way to do this as this is what many other countries have done. We should make a nice profit off of this investment, but you wont make anywhere near a million on a thousand dollar investment.

[timN]

Just close your hink of lollipops and rainbows.....

Lollipops have to much sugar

Need the rose colored glasses.

Thanks for making me smile!!!!

[davidw19]

Okay.......is there anyone out there that can put this rumor to rest?

Simply.......will our 25,000 dinar notes be worth only 25 after the RV?

I've read so many things and heard so many opinions that I would just like to hear from someone that knows what the truth is about the 3 zeros.

Thanks, Dautch

Dinner for 4 at Chili's in Bagdad.... 2 Large Kibabs, 2 kids Kibabs, drinks, dessert... that will be 53,820 Dinar... Please, and we do not accept any major credit cards.. Nothing wierd about that at all.

Kind of reminds me of circa 1989 in Cancun when I ate dinner at the Marriott and the bill totalled 1,234,435 Pesos. Still have the receipt... makes me feel like a high roller.