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 "Rates and Removal of Zeros" by (Anonymous) 8/26/19 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

"Rates and Removal of Zeros" by (Anonymous) 8/26/19

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Post by RamblerNash on Tue Aug 27, 2019 11:11 pm

I read different blogs and message boards about the GCR. I am an original dinar holder since I was in Iraq for the invasion and four encore appearances. 

I've read and am hearing that Iraq plans to remove the last three zeros. How will that affect us?

As an example and assumptions:

IQD 1,000,000 x 3 = $3,000,000

If they remove the zeros...

IQD 1,000,000 - (000) = IQD 1,000 x 3 = $3,000

Is this the plan? Can somebody please explain this clearly?
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 "Rates and Removal of Zeros" by (Anonymous) 8/26/19 Empty Re: "Rates and Removal of Zeros" by (Anonymous) 8/26/19

Post by RamblerNash on Tue Aug 27, 2019 11:13 pm

"Re: Rates and Removal of Zeros" by Maxwell 8/27/19



I have no doubt that SOME have said that the process will make dinar notes 1,000 times smaller. But after 16 years of the New Iraqi Dinar, we have heard many theories.

The most important point is this: Nobody you know, or that you can ever connect with, really knows. All you will ever have is theories and rumors.... until you have the chance to exchange. Before anyone works themselves up into a lather, calm yourself and be at peace. Take a deep breath and look at this issue "with mild interest". Otherwise, you won't survive. Don't jump on anything you hear, because (as an investment) it is a speculation.

Many hope that it's true that a million IQD will exchange for a million USN or 3.91 million or 28 million. We don't know, either. So, because we haven't seen ANY PROOF from the "glass half empty" folks, we are free to have a mild interest in seeing millions.

Oh, I grant you, there are some raving folks that jump up and down about their rumor or their "facts" or "proof", but it's still just theory. Unless they themselves are riding around with The Donald and sitting in secret meetings, they do not know. So, relax! Speculate, but leave room to find out differently after awhile. It doesn't yet make a difference because, at this point, it's still just "maybe valuable" paper.

One great theory from the hardcore "It's All About Iraq" camp goes like this... The Iraq News-Watchers looked at successive statements from Iraqi government and the CBI (Central Bank of Iraq) on their plan to "Remove the Three Zeroes". The Watchers believe they are referring to "the three-zero notes".

This makes sense if the dinar would be on a fairly equal footing with surrounding Arabic countries. If your dinar were worth $4 USD, why would you carry around a note worth $100,000 USD? I can see asking at the falafel stand on the street: "Change, please?"

And we know it looks bad for the government to allow inflationary-looking currency to circulate. Why would you let the world see that folks carry a 25,000 note when it only buys $25 USD of value? That is embarrassing.

Finally, the Watchers have been monitoring whether smaller bills and (yes!) even coins are being put into circulation. As the argument goes, why have a 10 fil (like 10 cent) coin if it's worth $0.000084 USD?

So, be at peace. It is likely there is a perfectly good theory of how your currency speculation is still on track. And thank you for your service! I am not a supporter of the elite's Forever Wars, but I do support those that they sent into the meat grinder - you all deserve much better.

Maxwell
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