Iraqi Dinar Discussion Board

[Aerospace]

For 3 years they have said they will issue a new currency and lop 3 zeros. They have not announced when, and they will not pre announce it. The official announcement will probably be made a few days, maybe up to a full week prior to the exchange taking place.
The last currency exchange in Iraq lasted 3 months… I would expect the next one to be about the same.
If this happens and there’s a 3 month exchange period… the only way to get rid of it will be to sell it back to dealers who can get it back to Iraq quickly. If the dealers decide to take the risk of buying it back hoping they can get it exchanged in Iraq… they will rake you over the coals to do it. The value will plummet the day the lop is announced. The amount it plummets will be determined by the exchange period. If it’s a year, it won’t plummet too much… if it’s only a couple months, it will fall dramatically.
I just posted an article about the Iran lop. Not that Iraq will do the same… but Iran gave 7 days to exchange all currency and put a cap on the amount allowed to be exchanged. They basically made a large percentage of their currency worthless.
This is the risk you take holding dinar.
Don’t say it won’t happen. 70 some countries have done exactly that in the last 30 or so years.
Not one has ever RV’d like the dinar dealers/pumpers want you to believe will happen in Iraq.