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<blockquote data-quote="vantexan" data-source="post: 785075" data-attributes="member: 24302"><p>By the way, went to the XE currency exchange rate website, checked on the Dinar. Currently at 1165 to 1 Dollar. They provided link saying Iraqi Gov't is planning on revaluing Dinar at end of year. They will lop off 3 zeros off 1000 Dinar to make new currency of 1 Dinar. However Dinar will still be worth same as before. They will allow the old currency to be used alongside new currency for awhile but eventually if you haven't exchanged old for new it will be worthless. And the new currency won't be worth anymore than before. Guess which currency all these folks are holding now? New currency won't go into circulation until 2011. And the big thing the Dinar investors have been waiting for is a revaluation where 1 Dinar equals 1 Dollar. Doesn't work that way, never has.</p></blockquote><p></p>
[QUOTE="vantexan, post: 785075, member: 24302"] By the way, went to the XE currency exchange rate website, checked on the Dinar. Currently at 1165 to 1 Dollar. They provided link saying Iraqi Gov't is planning on revaluing Dinar at end of year. They will lop off 3 zeros off 1000 Dinar to make new currency of 1 Dinar. However Dinar will still be worth same as before. They will allow the old currency to be used alongside new currency for awhile but eventually if you haven't exchanged old for new it will be worthless. And the new currency won't be worth anymore than before. Guess which currency all these folks are holding now? New currency won't go into circulation until 2011. And the big thing the Dinar investors have been waiting for is a revaluation where 1 Dinar equals 1 Dollar. Doesn't work that way, never has. [/QUOTE]
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