Iraq to remove three zeros from the dinar

Iraq to remove three zeros from the dinar
2.40 6

This is just another of those rubbish articles about Iraq trimming three zero's from its currency.
Firstly these rumours have been going around for years, and it has yet to happen.
And secondly, website owners who publish these articles know that mentioning a lop causes a great stir and panic, and people read these articles, thus pushing up the click rate and therefore the value of the site because of ad revenue.
Websites publishing these articles are merely acting out the old maxim, 'In a goldrush, you don't sell gold, you sell shovels'.

In this case, websites are selling gossip, and making money from it.

Anonymous (not verified) Wed, 08/17/2011 - 06:12

Tomorrow's game ……can hope to ascend him?

coach handbags outlet sale (not verified) Thu, 09/12/2013 - 12:37

You can turn in your old dinars. Just go to the Central Bank of Iraq. What? There's no branch in your town? Well, then just go to your local Dinar Dealer. He'll be glad to help you.

Now really, folks, those who buy these silly things are being hoo-doo-ed coming and going. First they sell them to you at about a 40% mark-up, so your "investment" (not) needs to gain 40% just for you to break even. Then, here's the question: IF (and that's a big IF) these things ever gain value, WHY SHOULD ANYONE give you money (as in U.S. Dollars) for them? Say, you have whatever number of dinars which after the RV is now worth one million U.S. dollars. And then, say, I happen to HAVE one million U.S. dollars. here is the question:

WHY SHOULD I BUY YOUR DINARS? I already have a million US dollars. The only reason I would do this is so I could make more money than I have. Which means I'm going to discount your million, and give you, maybe $750,000 for them. Then I can turn around and make a cool quarter million by turning them in for what they're worth.

Get it? These "suckers" are being taken coming and going. And that's only IF the stupid things ever appreciate, which they won't.

As has been said, "You can fool some of the people some of the time..."

Tsk tsk tsk.

Anonymous (not verified) Mon, 08/08/2011 - 18:14

Replacing current banknotes with new ones - what happens if you can not trade your 25000 notes in?

Anonymous (not verified) Fri, 08/05/2011 - 20:23

Does this mean the dinar I currently own will not be accepted as legal currency? Will I be able to convert it or trade it for the new currency

Anonymous (not verified) Thu, 08/04/2011 - 17:10

About the same, minus the rate of exchanging currency.

Anonymous (not verified) Sun, 08/07/2011 - 00:14

No because its still 1000 IQD. When you cash it in at the bank you will get the exchange rate of equal to 1000 IQD not 1. 1000 IQD is still 1000 IQD, they are simply removing it from circulation.

Anonymous (not verified) Fri, 08/05/2011 - 01:08

Yes, It will be worth $1000.00 USD!

Some people say no, but it is stated in the PLAN! Just hold on to it and you will be very glad you did!!

Anonymous (not verified) Thu, 08/04/2011 - 16:01

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