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Dinar Iraq & Dong Vietnam Update, 25 May
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Dinar Iraq & Dong Vietnam Update, 25 May
It means in country they are trading with 1, 50, 100, 250 and 500 IQD notes or similar. Or they are using the 50, 250 and 500 IQD notes already listed as available on the Cbi.iq website in regular trade.
Either way, at 1162 Dinar for 1 USD, the 500 IQD note is about $.43. And the 1 IQD note is $.00086 and such lower notes aren’t even useable to trade (the CBI in fact withdrew from circulation the 50 IQD note on May 1st, 2015) http://cbi.iq/index.php?pid=Banknotes
So if it is confirmed they are using those lower notes in country to purchase and trade, the IQD must have revalued at at least 1 IQD = $.20 or so (meaning a 500 IQD note would be worth $100 USD, 100 UQD note worth $20 USD).
Of course we are looking for at least $3.86 USD per IQD or so and then their “fils” (coins) will then be useable.
Either way, at 1162 Dinar for 1 USD, the 500 IQD note is about $.43. And the 1 IQD note is $.00086 and such lower notes aren’t even useable to trade (the CBI in fact withdrew from circulation the 50 IQD note on May 1st, 2015) http://cbi.iq/index.php?pid=Banknotes
So if it is confirmed they are using those lower notes in country to purchase and trade, the IQD must have revalued at at least 1 IQD = $.20 or so (meaning a 500 IQD note would be worth $100 USD, 100 UQD note worth $20 USD).
Of course we are looking for at least $3.86 USD per IQD or so and then their “fils” (coins) will then be useable.
cg123- Guest
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