By Tom Cleveland, market analyst for Forex Traders, exclusively for Iraq Business News. Forextraders.com is an online resource for the foreign exchange market.
“Buy on the rumor, sell on the news” is a time-honored investment phrase that is oftentimes more confusing than the wisdom it attempts to impart. The meaning relates primarily to company securities that appreciate in expectation of a big news announcement. Early speculation drives ups the price, such that when the real announcement is made, most investors sell on the news to take their profits, often driving the price down, rather than up. “Pump and Dump” stock frauds also follow a similar scenario, but in this case, criminals benefit and investors lose.
A similar situation has been building for years, some say as many as eight years, surrounding the potential “revaluation” of the Iraqi Dinar. As the rumor would have it, the Iraqi economy has stabilized, and the potential for enormous foreign currency reserves from increased oil exports will drive the value of the Dinar to unconscious levels versus the U.S Dollar. The government authorities will be forced to revalue the currency from 1,175 to 3 per Dollar, resulting in an outrageous windfall for anyone owning stockpiles of the currency. Does something here sound a little too good to be true?
In actuality, the Iraqi Dinar, or “IQD”, is a “controlled” currency. The central bank of Iraq determines the exchange rate and must support that rate by maintaining adequate foreign currency reserves to handle capital flows across its borders. The IMF permits countries with a transitional economy to implement currency controls in order to stabilize their economy during its redevelopment phase. Presently, international banks will not accept the Dinar, and it is not traded on any forex exchange. Actual purchases can be made through currency dealers that have been authorized to buy and sell banknotes that are already in circulation.
Maybe some of us read a little faster than others... 😉
No, they were right, you have no life. Funny how you are STILL here, months after I left this board, only to see you still beating off to every uneducated loser who posts an uninformed opinion about the dinar. You, Tom and Mark should form a trio called the Dinar Chickenhawks.
Speaking of uneducated losers who posts an uninformed opinion about the dinar... how are you these day JC/GovConn.
Got any new fake credentials you're claiming now days?
How's the millions in investments doing? How are the millionaire kids? How about the job at the IMF... going well for you there?
Added any new degrees to resume lately?
Not sure what cheap crack you've been smoking Stewart, but it's official that you have lost your mind. Who the heck is GovConn? Another imaginary foe that you dreamed up? When this all goes down, I will make it my life's mission to rub this RV in your smarmy little punk face. maybe if you are lucky, I will hire you to scrub the toilets in one of my homes.
I bought 250K in 2005. I figured, "Heck, I blow $200 in a weekend, maybe I'll stay home one weekend." I put it in the safe thinking that maybe in 20 years it'll be worth something. I completely forgot about the dinars until I got a call last week from a friend who asked about them.
I hadn't a clue that there've been rumors of an RV until I started looking at different sites last week. I then discovered that there've been RV rumors nearly every month since the currency was issued. I discount all talk of an RV because I view it as a long-term investment. I believe that the people of Iraq want a prosperous economy, will work toward that goal, and I may profit a little as a result.
And considering where the dollar is, where the Fed is, and who the POTUS is, it may not be such a bad thing to get out of the US dollar. I know I smile every time I look at my silver. Hopefully, I'll be able to smile at my dinars the same way some day 🙂
JC,
What is your opinion on these article about dropping the 3 zeros from the dinar? Do you see it as a Lop or a RV?
Typical **** [foul language removed by Editor] article on the Iraqi Dinar amounting to nothing. If you have nothing to say, why write an useless article as such?
Ok, looking online to find real information on this topic is very difficult. However wil much research you can formulate the fact and the rumors and make a decision.
Facts:
1. Iraq is building a government system
2. Iraq if judged by its assets like many countries are is a very wealthy country due to its vast supply of oil (which is becoming a resource needed by all countries)
3. The Dinar will at some point be rv'd and a new currency will be implemented at some point.
4. the date and "exchange rate" is completely unknown
5. Buying the Dinar is similar to buying a penny stock in that there is a possibility that you could make a lot of money on it. However there is a chance you make nothing. There is also a chance that the dinar gets voided as a currency ( as it did once in the past) This would mean that all dinar you bought is now a worthless peice of paper that will be somewhat of an artifact of history...yet still worth nothing.
6. Several Banks including 5/3 bank has been selling dinar for a long time all over the country and has of this week stopped. You can no longer buy the dinar in a finacial institute. You can still buy online but buyer beware.
As I said those are the facts.. research them
In the end of the day if you have a few hundred extra dollars to invest in the dinar..why not. The worst that happends is you lose a few hundred dollars, the best would be a rv that couls make you anything from what you invested to several thousand times that amount.
If you are living paycheck to paycheck then do not put money into this nor anything else like gambling or stocks as there is no way to know you will "win"
In my opinion as a vice president of a securities firm is that the dinar will rv and people will make money on it. How much is unknow. It may be as little as the amount you put in in the first place making you par for the coarse.
IT seems as if the rv date is nearing due to several positive things happening in said country.
I feel due to the amount of people whom have invested in this currency it is in many countreis best interest to have make sure the rv goes down and makes people some money. IF it goes to 3 to 1 as many rumor mills will tell you the economy will get a huge burst as it pertains to "stimulus" If there is one thing we know for sure people that arent use to having large amounts of money tend to spend it as fast as they can. Look at lottery winners, nearly 80 percent fall into poverty with in years of there winnings.
Good luck to all who have bought in to the dinar! REmember if you do make money on this there is no reward for being the first to spend it all. Use it to set up your life and continue to work and bring in income. This is the best professional advice I can give. My appologies for spelling errors as I am writing this with my iphone and have big finger.
Again I stress if you dont have the money to throw away do not buy, if you do then why not take a chance and wait. But remember checking the internet everyday to see a rv date is a waist of time. If it does rv it will be a huge story and you will hear about it.
As I have always said, I believe the CBI's intention is to have the large notes pulled from circulation and destroyed. The public dinar holders account for less than 2% of the total dinar in circulation and the continuing upward trend in both oil prices and oil reserves in country, will allow for a stable revalue of their currency. Even in the worst case scenario, with a LOP and then RV, anyone holding dinar will make good money. Someone holding even a million dinar, if it does LOP, will then have 1,000 dinar, and if it RV's at $3.22, will have a nearly 3-1 return on their money, and more if they bought when the value was at 3,000-1. I'm now holding 140 million dinar, so I win no matter what. Of course, I'm banking on the no lop play. I think it's very interesting that all of a sudden, the banks that were selling dinar have stopped. In conversations with several of my banking friends, they won't come right out and tell me that it's due to a pending RV, but they aren't denying it either.
Doug and JC.....Thank you for writing such informed info. I check every day, waiting, and I like reading facts instead of rumors. Thank you!
Well awsre of Bernie's antics....also well aware of how many people lost good chunks of thier retirement funds through the approved "system" that has all the protections (sec) that failed them....time and time again throughout history I might add. In case you havnt figured it out the game is rigged. Your friendly neighbourhood financial advisor is (in most cases unwitingly) giving advice that will lead you to the edge of the financial cliff. I felt an ominous uneasyness and pulled all investments a couple of months before the stock market wipped out 40% of most of my friends retirement funds. I like everyone else was "advised" to do the opposite....so much for the self proclaimed experts out there. As far as Dinars are concerned weighing to risk (potential)reward ratio...it's a no brainer...playing stocks (even mutual funds)with your retirement fund or savings is the real crapshoot.
It is with great curiosity that I have been reading all the so called expert opinion on IQD revaluation. Though I invested in the Dinar, I must say that it will take at least a few years before the Dinar revalued to even 500 per USD. Rationally, where will the CBI come ip with the Trillions of dollars to buy back it currency in the event of the long awaited revaluation. To the beast of my knowledge Iraq's foreign reserves is under 1 trillion dollar. If the rumors is correct that Donald Trump bought 30 million Iraqi dinar, if he alone was to catch out, that alone will wipeout Iraqi foreign reserves. I think all this dinar rumors is a government sponsored program to increase Iraq's foreign reserves and I think it will only get worse and it is a very high level government program. Please be rationalistic in your expectation of Iraqi dinar evaluation.
After several years of following the IQD and the rumors and reading as much information as I could from the CBI, IMF, UST, I can say that the US Gov allowed citizens to purchase IQD for some reason. What that reason is remains to be seen. If the redenomination takes place, which it should, then that means we will see a break even. With an RV after the the redenomination we could see whatever that comes to...say 3.x. So it is reasonable to think this will happen over time because it is possible for the CBI to fund this amount of US conversion. Thinking the RV will instantly go from .00085 to 3.25/$ is just stupid. I feel sorry for the people that think this is what will happen. There is no way to fund an RV from .00085 to 3.xx or 5.xx or anything of that level. Think about this because I believe this is the truth of the matter.
I read, with interest, the forum posts from many different sites. I listen to those who are stumbling blindly forward with unrealistic expectations, those who have no expectations at all, those who are desparately trying to expect something...lol... I think there is a key element here called ignorance. I follow the news and I, too, have hope (confident expectation) that the RV will occur soon and the value high, BUT i have to agree with the Doctors post, as well as JC.... DO NOT invest if it is "bread money"... Think before you invest. I invested an amount i felt i could 'lose' and if the IQD revalues will put me in a place to set me up for retirement, pay for kids college, eliminate revolving debt, donate to a number of organizations close to my heart, invest, etc... bottom line... wiseles handled... money makes money.
For those of you interested in bashing the people here with enough guts to believe in something bigger than themselves in the hopes it can better them and their families... go away. For those of you who are looking to invest... why not.. you don't need 30 million to have a positive experience IF it RV's... For those already invested.... I like the advise of someone higher in the forum... put it away... out of your mind.. and live. When the RV or any other change occurs you will know it. I follow the news.. i read and visit several sites every now and then, but i do not worry and fret over my investment.
Welcome to high risk, high return investment.
Hang in there everyone. This month.. there is alot going on. I don't know exactly what is happening or what the outcome will be, but i do know i enjoy the potential. MSNBC has recommended investing in Iraqi business and other potentials... things are changing almost daily and the truth is that we will not know the truth until it happens. Go grab a coffee and sit with your kids... talk about life and enjoy each day as it comes...
I hope this helps someone... I, too, hope it happens soon, but my life does not hinge on it happening. Some parting words for encouragement:
"Care more than other think is wise, risk more than others think is safe, dream more than others think is practical, expect more than others think is possible, work more than others think is necessary". -John Maxwell
"A man who wants to lead the orchestra must turn his back on the crowd." - Max Lucado
"Have the dogged determination to follow through to achieve your goal; regardless of circumstances or whatever other people say, think, or do." - Paul J. Meyer
"You cannot climb a mountain if you will not risk a fall."
- Rick Beneteau
"Winners compare their achievements with their goals, while losers compare their achievements with those of other people."
- Nido Qubein
"Ordinary people believe only in the possible. Extraordinary people visualize not what is possible or probable, but rather what is impossible. And by visualizing the impossible, they begin to see it as possible." - Cherie Carter-Scott
"Achievement requires more than a vision - it takes courage, resolve and tenacity." - Neil Eskelin
"Think of yourself as on the threshold of unparalleled success. A whole, clear glorious life lies before you. Achieve! Achieve!" - Andrew Carnegie (1835-1919)
The Iraqi Dinar will RV and the LOP of the 0's will not occur.This only happens when countries suffer from high inflation say 60-70% or more per year and they need a wheel barrel full of money to buy bread.. Iraq's inflation is around 3-5%. The other reason is Iraq has two currencys the Iraqi Dinar and the US Dollar if the Iraqi Dinar is not valued substantially higher the citizens will not give up the USD.
Jim... you have fallen for dinar dealer/pumper lies. Look at the studies done on lops. Their is one from Layna Mosely, University of North Carolina.
Titled: Dropping Zeros, Gaining Credibility?
Currency Redenomination in Developing Nations
Hypothesis 2: Redenomination is more likely following a period of high inflation and a subsequent stabilization. A dramatic downward movement in inflation increases the probability of a redenomination.
Hypothesis 6: Redenomination is more likely, all else equal, where foreign currency substitution is more prevalent in the domestic economy.
Those both blow away your pumper lies.
Here is another...
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1347407
Based on the analysis above, the re-denomination of
national currency must be done only when the following
circumstances are being met:
The decrease trend of inflation is consolidated. A
low inflation rate, joined by zero-dropping
operation will improve credibility of the national
currency.
Good luck... stop listening to dinar hype.
I see that fraud Scooter bowed out of the dinar scene. It's amazing that people actually fall for the crap these guys come up with. Recently Scooter found some ratios in some budget material... he found ratios of 1.2 or something like that... and put a $ in front of them and claimed it as a rate. What an idiot... and worse yet are the people that somehow think he knows what he's talkimg about. I've never seen someone just pull numbers out of thin air and make up some stupid nonsensicle fomula and claim a RV is loming... and have so many fall for it. Sad... very sad. The dinar RV is a massive scam.
I can see the arguments on both sides. I made the decision to invest because I could afford to take the chance. If my investment becomes completely worthless, I have only lost what I felt I could lose and will be no worse for the wear. If you never take a shot, you will never win....plain and simple. What I don't understand is why I see such negative posts from certain people calling this a big scam and doing their best to dash the hopes and dreams of others. It must be because you messed up and never invested and were too afraid to take a chance on anything. Years down the road you will be sitting in you meager, paycheck to paycheck existance, while those to venture to take some chances will be the ones basking on the beaches of the world, hiring people like you to do the things that they don't feel like doing. There is nothing wrong with taking a chance and hoping that it works out for them. Yes, this is a risky venture and people should know that going in. There is no possibility of great gain without great risk. A survey was done years ago, asking people how they were going to make it big. The number one answer was getting a law suit settlement, followed by winning the lottery. I don't want to be crippled to make money and there is no bigger long shot than playing the lottery. You cry babies should really start bashing the millions of people who buy lottery tickets or spend money at the casino. Maybe then you can feel good about yourselves by upsetting more people who prefer to take chances.
My wife recently told me her mother bought several million IQD when a next door neighbor went over there for some contract work. This was shortly after the war when sales first started. She paid very little, and bought us one million as well. I had to laugh, but we'll see. No way it's an investment, but it's no worse than going to Vegas with a preset limit, or speculation in a commodity.
I will be very surprised if anything substantial comes from it.
For some reason the whole IQD RV deal reminds me of PT Barnum.
I have one word for the non believers...
Kuwait
Also Dougs fact #six is wrong. You can still purchase Dinar in a financial institution. I purchase at TD Bank, in local branches.
Mar, Kuwait?
Well... looks like pumper disinformation works.
Kuwait never did anything even remotely close to what these scammers are claiming. The Kuwaiti Central Bank, nor any Kuwaiti bank, never issued one single dinar at a discounted rate.
Kuwait has 1 Billion dinar in circulation.
Iraq has 28.5 Trillion dinar in circulation.
That's 28500 times more currency.
Don't let facts get in the way of a good pump.
i just have a question....if they plan to take 3 zeros off the currency, do they plan to take money from peoples bank accounts too? What if your money was not in paper notes?
Yes Angie... all bank accounts will be redenominated also. Just move the decimal point over 3 places.
Example... someone has a dinar bank account with 1,783,500.00 dinars.
It becomes 1,783.50 dinars.
Same thing with loans. If someone has borrowed 1,000,000 dinar from a bank, after the redenomination the loan is only for 1000.
J...
Kuwait did nothing like this. That is a big lie. Kuwait never devalued the dinar and never issued one sinlge dinar at a devalued rate. A few people on the street stupidly sold their dinar at a discounted rate and that was it.
5% unemployment in Iraq? I bet it's closer to 50%. They have no economy.
The Iraqi dinar hasn't been legitamatly worth $3 since the early eighties. At that time they had a money supply of 30 billion dinars. Iraq now has a money supply of 60 Trillion dinars... that's 2000 times more currency. And the about 95% of that has been issued at a rate of .00085 or worse.
Kuwait issued ZERO dinars at a rate lower than their $3 exchnage rate.
Iraq has issued about 60 TRILLION dinar at a rate of .00085.
Any talk of an RV is insane.
To start with I am not sure what is gonna happen, but, years ago they said they aspire to the day the dinar is at the value it had in the late 70's early 80's. Now for cashing in at whatever rv if it happens, I go to my bank, cash out, government gets taxes from me. the bank exchanges with the fed reserve, which the government exchanges iraq for oil. very few will travel to iraq to exchange. our government gets tax money, and say at $1 to 1 dinar, they buy oil. I think the cost of iraq to pump the oil is like $2 or $3 per barrel, its a win win all the way around. for us, for the government and puts iraq back where they were in the 70's. pumping oil cheaply and selling it for a nice profit. wealthy again, this is what they said they want, all the lop talk is just to get us people scarred into selling out early. enjoy the ride
Your right Kuwait did not officially drop the price of there dinar, it stayed around $3.00 I think, don't remember the official rate, but the street price dropped to about $0.10 per dinar for a brief time during the war. If you had been there and bought them in the streets, not at the bank, you could have made a nice chunk of change
Interesting stuff here. I heard about this from a very intelligent friend of many years. A bit of a genius who has done some very odd things in the past that worked out quite well. Many would deem him odd.... He called me and told me about the Dinar. I had never heard of it and in my naive state of mind asked, "What the heck is Dinar?" After a brief description and a lot of questions, I nodded in understanding. Another thing that is too good to be true usually is. Most internet information was negative but something kept nagging at me. My genius friend understood all the hype and still thought it made too much sense to have the Dinar revalued with all their natural resources and the worlds dependence on oil.
I spoke with several of my most intelligent and saviest investors and money lenders, cpa's, brokers, bankers, stock brokers and attorneys. Most couldn't wrap their brains around the idea. Maybe 5% thought there was something there. I did notice that the ones that liked it were a more like me and tended to have a positive outlook on life. ( Maybe we just never grew up from our wild carefree days as kids.)
Call me crazy but I see some type of revalue coming in the next few years. Will it come out at some outlandish number? I don't think so, but with the reserves of oil there I think the country and the world bank will work together to get their currency back on track in order to attract a true rebuilding process. Another interesting tidbit I am researching is the rise of Babylon which has Babylon suppossedly becoming a super power in the end times. Bablyon is Iraq. Very interesting..... Hmmmmm... Rumor has the world bank now locating their office there in Baghdad. ( unconfirmed) T
If the herd runs one way, I have always tended to wonder what would happen if we went the other way. Only time will tell but my genius of a friend has a compelling case or he drank all the Kool Aid! 🙂 Either way, I am enjoying the ride.
Good luck to all who read these posts. We all waste money one way or another. I know I have but I didn't want to be looking back one or two years from now saying, "Wow, he was right!" My fearless prediction is that it gets revalued at about 5 or 10 cents in the next 2 years.
They're dropping three zeros to make it easier with cash transactions. They'll print a new dinar worth 1,000 old ones, honor both currencies for a while and phase out the old stuff. This isn't brain surgery
In my own opinion I see all of this as common knowledge; You have assets & commodity your net worth increases in value! The discussion of the zeros being dropped I don't believe is from the actual currency. They are speaking of dropping the (0.00085) 3 significant digits from the left by moving the decimal point to the right 3 places. As Mars above commented on Kuwait; this same thing has happened to Kuwait & Turkey over the recent years. Bottom line Iraq has resources (natural gas & oil) to allocate to the rest of the world. They have increasingly been making deals & signing contracts for months; for example.. just recently signed a 17 billion dollar deal with mitsubishi & shell among others. CBI has now composed a proposal for parliament & their prime minister to vote here soon to redenominate the dinar by this year's end. They have wealth ladies & gentlemen being the 3rd largest petroleum provider in the entire world.. Each nation's bank notes are simply a receipt of thier hard assets & wealth, (hint)... FYI The United states invested in 4 trillion dinar while Bush & Cheney were in office and this isn't by acccident for the world awaits the imminent. For those with the currency Be patient and wait It's just a matter of time; and when the time does come be wise with your new profound wealth.. God Bless us!
Dante. So now that Iran has announced they plan to drop 4 zeros, you now think you can buy 100 dollars worth of their currency and it will be worth 1,000,000 dollars after they remove 4 zeros?
I have been involved in this for 2 years. I have done the best research possible with some very connected people. I can say that there is NO WAY in hell that there will be an RV. NO WAY !!!!!! 100% NO WAY. I have been kicked off many forums for saying that because that gets into their multi level dinar scam.
Take that to the bank from someone who knows. I WONT EVER HAPPEN
Hey stew... perhaps but i'm not exactly certain of what's taking place in Iran for I haven't given them much acknowledgement there.. And gentlemen if your reliable sources for information are primarily American Lol okay but it's not really up to the United States who is bairley even holding their position among the G8 or Paris Club for that matter! It goes from CBI to Parliament to Prime Minister to generally IMF to implement this into law globally; which they are scheduled for a re-evaluation in the next 8 months or so..But any form of currency becoming increasingly more valuable is going to manifest a return at a greater exchange rate position.. Think of this in a logically rational manner if I took $1 USD to Saudi Arabia I would receive 0.2 Riyal.. God willing the exchange is still current considering the USD to the SDR ratio; but if I brought 6 Chinese yuang to the United States it would yield me $1 USD... It's not even logical for monetary advances to continue to commence in Iraq & their currency remain at its post inflation value subsequent to UN sanctions for Sadaam's perverse & reckless tyranny or dictatorship.. They're 8.3% constituent of OPEC which possess %80 of the worlds oil reserve.. Not to upset anyone to provoke a synonymous Yom Kippu War implementing oil embargoes starving the western civilization of energy in the early 70's causing an energy crisis.. Besides it's God's blueprint which is inevitable so who can debate that??...
"if I took $1 USD to Saudi Arabia I would receive 0.2 Riyal"
You really should not be handling money Dante.
redonomination is true..they are plan to cut 3 zero and will RV after end of all the processes,IQD is become small notes for exchange.For the example 25k will be 25Dinar only and RV as at usd0.3 for time being,it will exchange at usd8.3 per 25k...but we must buy new IQD notes and wait for better value..maybe at usd3? All these things happened??Only God knows
Lol very funny stew but I certainly do not intend on exchanging any US currency for the most valuable in the world! That would be just plain foolish...
I gotta ask Dante... what is "the most valuable in the world"
And another question for you... lets say there are two countries, A and B.
Country A has an exchange rate of $10 per unit of currency. But they only have 1000 of those units in circulation.
Country B has an exchange rate of 1 cent per unit of currency. But they have 10,000,000,000,000 of those units in circulation.
Which country has the more valuable currency?
The Saudi Riyal is of course Stew.. As for your second question we would need more information but to answer in just those terms that your thinking of it would be the $10 per unit value for that particular nation would just need to print more money but the key is this... China Implemented paper bank notes (liquidity) solely as a receipt for our commodity or hard asset value simply because it's more convenient to carry paper than oil, gold, silver ect... A currency can only be worth what's backing it; which is administered by the IMF... So to completely address your question if a currency is worth .1 per with 10 trillion in circulation then their net worth isn't that great
How is it that the Saudi Riyal is the valuable?
How is it that the Saudi Riyal is the MOST valuable?
Because they are the wealthiest developed nation.. Take Note $1 usd = .2 riyal!
I guess you didn't get it when I quoted that line of yours earlier.
Not sure where you are getting that figure from.
The real number is $1 = 3.75 Riyal
or
1 Riyal = 26 cents
No YOU are very much wrong !...Take note 1(kuwait dinar) kwd=3.1046 us there for kuwait is the richest !
Okay stew... Give or take j n'.
Lol Okay stew... Give or take a significant figure or two..
I invested in the Dinar, but I am getting out as fast as I possibly can. The reasons are as follows. 1) Lets say it does RV to $3.22, every one holding Dinars gets rich. The lowest denomination they currently have is a 25/50 dinar coin. So, the smallest currency they will have will be like $75-$150. What are they going to use for change? British Pounds? US Dollars? Well, they will most likely print more, but smaller denominations, right? Ok, at this point, what keeps then from simply issuing a completely new currency and keeping all the wealth for themselves? Rich powerful people don't want other people to become rich and powerful, or especially at their expense. A new dinar will be issued and the old one will be worthless or you will have to go to Iraq to exchange - you're better of walking through ghettos laden with gold bars and a shirt stating your maligned affinity for African Americans.
Oh, and Dante did you take any basic math course? You think 1 Riyal = 26 cents is the same as $1 = .2 Riyal?
Bamaman… yes. The Kuwait dinar at about $3.6 is the highest valued currency PER UNIT. There is a second side of the equation though. Supply. Kuwait only has about 1 Billion dinars in circulation. So they have $3.6 billion worth of currency in circulation.
Iraq… who everyone screams MUST RV… they have 30 TRILLION dinars in circulation. At .00085 per dinar, that’s $25 Billion worth of currency in circulation.
So Iraq right now, with their crappy exchange rate, has a currency in circulation that is almost 7 times more valuable than Kuwait’s.
Lol beavis you're hilarious! I'm an Oncologist with a mathmatical background in pre-calc, trig, & statistics.. And you'll have to excuse me for mixing the two nations kuwait & saudi for kuwait's dinar holds the greatest value; saudi just allocates a greater portion of oil.. And for your literal interpretation of my exchange quote which actually pertains to the kuwati dinar; 1 lousy usd= .27 kwd so I owe you 25¢.. Forgive me sir? Lol And for your concern of the several ways this redenomination could go is apart of investing something called "RISK"! Nothing is promised to us son! And that's the fascination of it! So I wouldn't exactly quit your day job just yet...
Ah yes. to the One word Kuwait. almost $4.00 per Kuwaiti. Overnight RV. Redenominations would most likely occur for those who have difficulty reading to make it easier for citizens to handle.
Wonders is Kuwaiti money has barrels of oil printed on them.
Dante. What are the several ways a redenomination can play out? History shows EVERY redenomination has happened the same way. The only differences are the number of zeros and the amount of time allowed for exchange.
If I came to you and said I had a pill that cured cancer and I want you to invest in it. You'd probably ask it's effectiveness. If I told you I did 100 clinical trials, and it failed to cure cancer one single time. Every trial had the same result.
Would you invest?