Iraqi Dinar RUMOR BOARD

[Aerospace]

XE.com LOWERS THE BOOM!

http://www.xe.com/currency/iqd-iraqi-dinar
The Central Bank of Iraq has announced their plans to redenominate the Iraqi Dinar to ease cash transactions. By the end of 2010, they intend to drop three zeros from the nominal value of bank notes. It should be noted that the actual value of the dinar will remain unchanged. That means that 1,000 IQD (pre-redenomination) and 1 dinar (post-redenomination) will both be worth the same amount in US Dollars. As stated by the Central Bank of Iraq, their mandate is to "ensure domestic price stability and foster a stable competitive market based financial system.

Someone please ask the guru on the other board how this fits his prediction.