Pimpy
When you take the three zeros off the 25000 dinar you only have a 25 dinar. It give the impression of a stronger currency because it doesn't look like an over inflated currency. It didn't say it's going to be stronger. It says...Deletion of the zeros is to give the impressionof a much stronger currency. It gives people confidence...If they do that before they change the exchange rate we are ass out. We need to figure out how to swap our currency for the new currency...What did I say we wanted to avoid? A redenomination until we see it go up in increments..Now all of a sudden they're talking about forcing Iraqi people to bring inter dinar by redenomination. Man, this is looking bad.
Question "Just be blunt...Make it simple. If someone holds a million dinars what is the most one can get from this amount over the next several years?" I've been blunt about this...It depends on how long you hold it.
Let's say it starts to go up in increments like I think it's going to happen, you have to look at your 1 million dinar and think to yourself, 'Am I going to be happy with the current exchange rate.'
It really depends on when it gets to a rate that you like. As long as they can stay out of conflict, continue moving forward like they have with reform, getting back in the World Trade Organization, showing back up on Forex, these things are very important on give value to the Iraqi dinar.
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