Iraqi Dinar Discussion Board

[Aerospace]

The take 3 zeros… that can be misinterpreted. He should not have used the word value, he should have just said dinar. But certainly taking your 25,000 note and handing you a 25 note might be described as removing 3 zeros from the value. Could be looked at either way.
It doesn’t say RV, it says “Rebase”
It uses Turkey as an example… definitely a lop.
The pre-war rate was not .30, that was the official rate kept on the books, but it was not the actual street value.
.30 means 3 dollars for every dinar. Look up the Gen Hugh Tant interview. He was in charge of the exchange. He states that only two bills were being used in Iraq prior to the war. One was the 250 note and the other was the 10,000 dinar note. That would mean Iraqis were doing all their business with $750 and $30,000 notes. Not likely for a dirt poor country. Tant states that the rate was over 2000. The CBI says basically the same thing.

It’s not just this article… it’s many many more that say basically the same thing. They can’t all be bogus and idiots.

The Tant Interview and the CBI rates
http://investorshub.advfn.com/boards/read_msg.asp?message_id=25586452