MarkZ

[via PDK]   [Will the dinar we hold become worthless?] Yes at some point it will…but after we have exchanged it at the increased rate or exchanged it for lower denomination- if you live in Iraq. At some point after the RV it will become worthless. After the RV it will become logistically impossible to have large note bills in circulation. The Iraqi dinar was worth $3.22 US before they invaded Kuwait. After that the Central banks around the world devalued this Iraqi dinar. What will happen now is they will reinstate the value…this is what we are waiting to happen in iraq. After the Vietnam war the same thing happened….It was valued at about $2.22 US before the war and it has not yet been reinstated either…this is a rare thing.