Quote: “1000 Iraq dinar will become a 1 new dinar.” This is the deletion of the zeros…All they’re doing is removing the zeros. A 1000 Iraqi dinar becomes a 1 Iraqi dinar. Quote: “The real shift occurs in the subsequent adjustment of the exchange rate…Internal studies predicting the floating dinar…could stabilize automatically at a value in the distant future between 3.22 and 4.25 dinar to the dollar.“ This is a prediction…Once it goes to a free float, that doesn’t mean cash your currency right away…We better pay close damn attention to what the market is determining as the value of the Iraqi dinar. When it gets to a value you are happy with, then you rush down to your bank, hopefully by then there’s no restrictions and you exchange your Iraqi dinar for US dollars…Yes there is a reason to be excited. I know now Iraq is going to first delete the zeros [off the NOMINAL value of a note]. We didn’t want them to do that but they’re saying in this article they’re going to delete the zeros first. [Post 2 of 2]
