Pimpy
The deletion of the zeros - It'll go from a 25,000 dinar down to a 25... No one will become rich...The Iraqi government can delete the zeros, taking your 25,000 dinar note down to a 25 note and then make a major change to the exchange rate. That's a possibility. What we're hoping for is that it goes up in increments and it keeps going and they keep the zeros on it...Deletion of the zeros off the exchange rate - No such thing.
I absolutely positively believe the Middle East is going to be prosperous. I absolutely believe the dinar is going to be a huge part of that... I've heard this story a zillion times - It [the Iraqi dinar] used to be $3.22 so if you adjust for inflation it's going to be much higher. If that was the case do you understand how much higher the Kuwait dinar would be ?
It's around the same as it was 7, 8, 10, 20 years ago. You don't see them go, 'Hey this year we raised a whole other dollar because of inflation.' No. That's just ridiculous. I've heard that all before. It's not adjusted based on inflation...There is no currency exchange out there right now that you can find that's even remotely close to $4 let alone $7...
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