Iraqi Dinar RUMOR BOARD

[Aerospace]

I like informing people of an obvious scam.
Like this.
Iraq has announced removing 3 zeros and making the new dinar worth 85 cents.
There are two outcomes being predicted.
I predict that it is a normal redenomination/lop, just like Turkey and Russia and other countries have done about 70 times in the last 30 or so years, just as the articles state. Iraqis will trade in 1000 of there current dinars for 1 new dinar and that will remove 3 zeros from the money supply numbers... reducing from trillions to billions.

The other prediction being told to people is that Iraq has preannounced a 100,000% increase in the value of the dinar they hold. That they will turn in their big notes for an equal number of smaller notes (25k note for 25K in smaller notes). That will reduce the money supply numbers by not one single dinar, NOT ONE.
Iraq having made this 100,000% increase announcment is still selling dinars for a rate of 1170 per dollar and anyone in the world can get them for near that rate until the announced rate is put into place.

One of those predictions is normal. One is so crazy it defies description.

If I ever venture into another investment similar to this... I hope and pray there will be someone like me there that is very informed about it... and doesn't let the scammers spread misinformation unchecked.