Where Do You See The RV In The News?

RamblerNash wrote:Where is there any news put out by any recognized TV, paper, or press reporting anything related to a currency revaluation to save Iraq's economy?

Scotchie wrote:Rambler, good question.

There used to be mention of the Project to Delete the Zeros, however, that has not been in any print news lately.

It gets mentioned every now and then. Some of it is just a repeat of before, but the Gurus bring it up every chance they get.

Of course, the Project to Delete the Zeros is only a redenomination of the currency, not a revaluation.

Correct! Most folks see it as a 1,000% increase of their currency and then you multiply the rate to that. What they don't see is where the money is going to come from for it.

I know I am repeating myself, but ISIS took over 80+ Iraqi banks when they invaded.  The last count I remember, before the big push into Mosul was 65 banks.

If I recall right, Iraq blew up a few of those banks before ISIS could get anything from them.

Not only did ISIS get various foreign currencies, including the dollar, they cleaned out the dinar.  How many dinar?  Millions, billions, trillions?

How can Iraq revalue under these circumstances even if everything else were to fall into place?

What would be the logical step Iraq could take to make sure ISIS does not gain financially from their invasion?  Certainly, the dollars have been spent, so nothing there.  

The dinar, on the other hand, is probably sitting in warehouses either in Iraq or Syria awaiting the chance to exchange.

How about a brand new currency? I am not only talking about lower denominations, but a total new currency.  A new currency that can only be redeemed in-country by Iraqi citizens.

This would freeze out most of ISIS holdings, though they could spread relatively small amounts around for exchange.

LD's or new currency would freeze out most currency speculators too. Most won't travel to Iraq for the amount they have, so they would be stuck with a dealer and pay the exchange fees...If the dealers want to carry the new currency, when they could get it.

What about the dinar holdings of foreigners in America and Europe?  Well, Iraq doesn't care about those speculators, nor should they.

Think!  What will the IMF/World Bank/United Nations suggest?

Sam I Am wrote:Good question, Nash.  It was one of the things that bothered me when I first bought dinar seven years ago.  "If this is for real why don't you read about it in Forbes or the Wall St. Journal?  The only answers are 1) It's a scam  and  2) The MSM is controlled by the elites who don't want us to know about it.  I actually considered #2 until it dawned on me that millions of people bought dinar for speculation.  If the elites didn't want us to know about it they sure screwed up.