Pimpy
You'll see changes IMO after the end of the 1st quarter of this year. I might be wrong on that but I'm anticipating. With all the trading they're doing, the fact that they got rid of the dollar, that is going to cause the Iraqi dinar to increase in value to the point where they might have to change the exchange rate...But any major major changes like 12 to 1 that's not small. That's a big change in the exchange rate.
In 2003...for every 1 IQD you got back $1.53 of US money. That's what it was in 2003.
They're saying 12 to 1 [possibly revisit/consider the change in 2026]. If they implemented that tomorrow I would not have any dinar left over. I'll take 12 to 1. I can pay off my house as well as a lot of other debt and start all over debt free plus having pretty church of change to put toward my retirement. [Note: Use the free Dinar Guru Calculator at the top of this page to determine how much dollars that means to you.]
Community Comment "The bad part would be when you minus taxes on it." Yeah, it's going to be capital gains tax...Whenever you're dealing with foreign currencies as an investment you're dealing with capital gains. [NOTE: Speak to your tax professional at the appropriate time to determine the right tax for your unique situation.]
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