"RV UPDATE" BY PIMPY, 23 MARCH

 Pimpy 

  If they're going to do a re-denomination and a reevaluation at the same time then I guarantee the notes they're going to use are going to be the lower denominations.  So instead of getting $3 per dinar for a 25000 note, you're going to get $3 per dinar for a 25 dinar note.  You can jump up and down and have a fit all you want.  I've been telling you guys this is what's going to happen [If they re-denominate].  This is great for the Iraqi people...They'll be happy about the change in their wealth but the western people will not even have a taste of it...I keep warning you guys about this

The official exchange rate, that's the one we want to change but surely wouldn't want it to change with new re-denominated currency with the deletion of the zeros.  I want a nice fat $3.00 to 1 Iraqi dinar exchange rate with the currency we have now

 Think about it.  The current Iraqi dinar of 25,000 dinar - they delete the zeros off, now becomes  25 dinar and then all of a sudden they change the exchange rate from where it is to $3.22 per dinar.  This is good for the Iraqi  people, their purchasing power has changed.  They can get a lot more things bought with their money.  But that doesn't help us  because they lopped the zeros off...so instead of getting a $3.22 rate against a 25000, we're only going to get that $3.22 rate against a 25 dinar.  Instead of getting millions you get thousands...At least be aware that that's possible.