Iraqi Dinar Discussion Board

[FX35]

Numerous news reports have claimed that Iraq has announced they will redenominated the dinar and remove 3 zeros starting around the end of the year.
There are some that think this is a typical redenomination/lop just like has happened about 70 times in recent history, just like Russia and Turkey. Some of the articles have even used the Russia and Turkey redenomination’s as examples. You will have to give 1000 current dinar to get 1 new dinar in return, hence remove 3 zeros. Money supply numbers would shrink from Trillions to Billions, hence remove 3 zeros.
The current dinar exchange rate is .00085, the new dinar will have an exchange rate of .85. This is a very common occurrence and really would pose no problem to pre-announce it.

Now for the other side. There are some that believe this means they will RV the current dinar to 85 cents (some screw up the math and claim $1.17). Nothing like this has ever happened. NEVER. They claim a “Novel Event” is going to happen. So according to them Iraq has pre-announced a MASSIVE increase in the value of their currency at the end of the year. As you can imagine, this would cause chaos, pandemonium, mayhem in the streets. None of which we’ve heard about.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48275721
Whole world M0 $5 Trillion, Iraq has 21.8 Trillion
Whole world M1 $20 Trillion, Iraq has 37.3 Trillion
Whole world M2 $50 Trillion, Iraq has 45.4 Trillion

So if Iraq RVs to about $1, without a lop as they claim, the will have more than 4 times more currency floating around than the rest of the world combined.
They will have almost twice the M1 amount compared to the rest of the world combined, and an M2 amount almost equal to the whole world.