~Rumor!~
There are some interesting rumors going around.
One says we will be seeing the RV soon and that all investors outside of Iraq
will see an exchange rate of .75 to .80 cents per 1 IQD
Which means 1 million IQD @ .80 would = $800,000.
They are giving this high initial rate to draw in all IQD from
over seas to help with the remove of these notes from circulation.
They as we have read plan to have this all done by the end of 2010.
This will go hand in hand with the issue of the new currency.
There will be no LOP but a flowing redenomination that allows
both currencies the new and the old to exist side by side as the
larger notes are drawn in and removed from circulation as the
lower denominations are introduced.
Now this RUMOR fits hand in hand with something I was told over a
year ago and makes perfict sense.
I will be so stoked to see that rate!
After my initial DD I hoped and planned on a future rate for the
IQD of .30 cents with a projected loss via taxes and fees of 45%.
All of my planning has been based upon the .30 cent rate with the
45% loss so anything higher than .30 cents is just cream!
GO DINAR!
IQD in @ .0009 HOLD!~
Disclaimer: Do not buy or sell any stock or currency based upon this or any of my post. Please do your own D.D. and the best of luck to all!~