Iraqi Dinar Discussion Board

[Aerospace]

My opinion is not a very popular one around here.
I’m afraid the amount of currency in circulation is a factor… if it wasn’t then why would any country have ever lopped zeros in the past? They would have all just simply raised their exchange rates. There is not one single example of a country ever removing inflation generated zeros from their currency without doing a lop. It is a fact that the zeros on the dinar are there because of inflation.
I think the CBI has reached a target rate of 1250. I look for it to stall here… maybe for the rest of the year. Over the next 2 years I think the will move toward 1000:1 but will not better that amount. My guess is before they reach the 1000:1 figure they will issue a new currency, do a 1000 old for 1 new swap, and set the exchange rate for the new currency at 1:1
I would be VERY aware of that possibility if I was holding physical notes.
I’m not promoting opening a Iraqi bank account. I see the potential to make about 20% off this over the next couple years but I’d worry about the hoops you might have to jump through to get your money back out of an Iraqi bank account… especially if they were to lop and 95% of all those people holding dinar in accounts over there see that as a sign to bail and they all want their money back at the same time.
I do think the ISX could see some tremendous gains…. But that’s if everything goes good, which is certainly not a given at this point, and I’m not comfortable with the proxy situation that people are currently set up in to purchase stocks. Once the ISX is truly open to foreign investors I may throw some money at it.