He said - "5-9-2013 Newshound Guru Adam Montana [If the dinar RVs at 1$ to 1D, why would their be a time limit to exchange the dinar?] As far as we know, when they change the rate or remove the 0's, they will also be replacing the currency with "New" Iraqi Dinar bills. When they do that, the goal will be to phase out the "Old" (current) currency. Most likely, they will do this over a 3-6 month period, as most countries do when they introduce new currency. I don't think we have to be concerned about it being "illegal" to have the old currency, but if we don't cash in before they stop accepting it, all of our bills will be just like the old Saddam notes... worthless.
Well, like i said before...this could easily happen as well....deleting three zeros “could” means 1:1000. A 10,000 dinar note becomes a 10 dinar note. 10,000/1000=10. A 10 dinar note for every 10,000 dinar note exchanged or 1 dinar in new notes for every 1000 dinar exchanged. They could bring the exchange to 1:1000. we then have one year to exchange the notes.... Then after that year is up, they will value the dinar 1:1 with the dollar. So you exchange your 1,000,000 old dinars for 1,000,000 new dinars (granted you make a few dinars from rate increase). The new 1,000,000 dinars become 1000 dinars valued at 1000 dollars when the revalue occurs of 1:1.... :(