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Attention!!!25,000 note only 25note??? What does this mean?
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Attention!!!25,000 note only 25note??? What does this mean?
Please somebody explain this.
http://www.rferl.org/content/iraq_said_planning_currency_overhaul_redenomination/24245867.html
Carol
http://www.rferl.org/content/iraq_said_planning_currency_overhaul_redenomination/24245867.html
Carol
KingsDaughter- Super Moderator
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Re: Attention!!!25,000 note only 25note??? What does this mean?
They are referring to the new currency planned for Iraq. A complete restructuring of the currency now in circulation in Iraq is being implemented. This will have no adverse effects on the dinar you are holding. If you hold a 25,000 note, and the RV occurs as predicted, your dinar is still worth 25,000 x the RV rate. Iraq is trying to take these out of circulation. Once RV occurs and these bills are turned over to US Treasury, a fair exchange will occur (new currency issued for old), and the old bills that we turn in will be burned, taken out of circulation. Don't panic, the three zeros dropped has nothing to do with the dinar you are holding. It has to do with the new currency that Iraq will be introducting in an effort to make handling cash in Iraq more convient and citizens will not be carrying around so many bills for their purchases. Lots of confusion about this. But its not difficult and is quite simple. No lowering of the value of your dinar will occur. Hope this helps, and is accurate to the best of my understanding.
Truthseekerforever- Super Moderator
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Join date : 2011-06-18
Re: Attention!!!25,000 note only 25note??? What does this mean?
Thank you so much for helping me understand. I thought I was going to have a Panic Attack!
This is too stressful. I cannot imagine all the people that have been looking for this for years. I would have already been in the hospital.
Carol:)
This is too stressful. I cannot imagine all the people that have been looking for this for years. I would have already been in the hospital.
Carol:)
KingsDaughter- Super Moderator
- Posts : 26
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Age : 74
Location : Texas
Re: Attention!!!25,000 note only 25note??? What does this mean?
It is misdirection..... in this article they basically state an rv will happen AND a lop. This cannot happen. It a ruse.. It alludes to an rv and it basically states a lop, which are at different ends of the financial specter and cannot happen together. Why is it good? When Kuwait rv'd it came out in the morning and said, "No RV today and not in the near future." The KWD rv'd that day. Confusing....misdirection that's what it is all about.
Duckyboy- Forum Fanatic
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