Iraqi Dinar Discussion Board

[Top Penny]

One thing is certain, the dinar will not revalue. For the the dinar to go to 1 penny would equal a 1,000 percent increase in value. Revalues don’t work like this. Revalues only happen as a policy decision from the central bank and they only happen in 5 to 35 percent increments. Even China’s revalue of 35 percent was spread out over a span of years. Five percent here and 3 percent there. That is how real revalues happen. A dinar revalue equal to 1 dollar would be equal to a 100,000 percent revale! Not only has this never happened in all of history, but a revalue of this size would dump an equivalent value of 87 trillion dollars in the global economy, The global economy is worth about 80 trillion right now. This in turn would debase the dinar through massive hyper inflation. The mechanics of a revalue in any scenario above 35 percent simply won’t work.