8-23-2012 Tommy17: They (CBI) just announced last week that they have 130% percent to back their currency. Name one country that can claim that. They have something like 67 billion is dfi funds and are exporting over 3 million barrells of oil a day. I won't even get into the gold they have and have announced that they are starting to sell to the public
8-23-2012 Mcptrman: When the CBI changes the rate of exchange the .00086 it will make the larger notes obsolete. They will have to have smaller notes to do every day purchases. They can take zeros from the actual bill or add zeros to the actual bills but if they do not change the rate of exchange then the Dinar does not gain value or lose value.
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The CBI has been stating they will increase the value of the Dinar hence they have to be talking about the rate of exchange (.00086). The removal of the zeros from the bills is a bi-product of the proposed increase rate of exchange.
I have no doubt that the CBI will increase the value of the Dinar. I also have no doubt that the CBI will introduce lower denomination. The only question is how much will they increase the rate of exchange. Another thing I believe is that this ride is almost over.
8-23-2012 Joker017 (Dinar Vets): We've always known that In-country The Iraqi people will be exchanging their dinar in at the Bank at 1 to 1 and that they will experience an increase in Purchasing Power!
What goes on in Country has nothing to do with the Dinar that exists outside the Country, Correct me if I'm wrong but why can't we see an increase in value of 10 cents or a Dollar or even 2 0r 3 Dollars?
In other words what happens in-country has absolutely nothing to do with those of us who hold Dinar outside the Borders of Iraq! Feel free to school me on this investment if my train of thought is way off base here!