Iraqi Dinar Discussion Board

[Aerospace]

LOL… thanks. I was ignoring him, but now that you point it out… he’s right that neither I nor anyone else knows exactly what will happen. I’ve never claimed to know what will happen. I’ve simply pointed out that the Central Bank of Iraq and the Minister of Finance of Iraq have stated a number of times they plan on issuing a new currency and lopping 3 zeros. It’s a fact 30 some countries have done the same thing in recent years. It’s also a fact the financial numbers presented by the CBI and the IMF support a lop. So It’s my opinion… along with the reported statements of the CBI and MOF that Iraq will lop.
But he is right… I may be wrong. They may never lop. But if they don’t their exchange rate will stay basically the same… Exactly like other countries that didn’t lop after being ravaged by inflation. Italy, Korea, Vietnam, Iran, Lebanon, Columbia, Indonesia, Venezuela… just to name a few. Many countries are just fine having an exchange rate in the thousands. They all have one thing in common with Iraq… money supplies in the TRILLIONS.
So I don’t know exactly what WILL happen… but I know 100%, for sure, without a doubt what WILL NOT happen… and that’s a large RV.

Good time to bring these back up…
Highest and lowest value currencies… a couple years old, but still relevant today.
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