TNT CHAT UPDATE: VALUE OF IRAQ DINAR, 27 JUNE

TNT CHAT UPDATE: VALUE OF IRAQ DINAR, 27 JUNE

TNT:

HISMONEY: Tony and DC,

If the Dinar is going to have greater value than the USD wouldn't I be wise to keep a large percentage of my currency in Dinar rather than to cash out for USD?

Then exchange more as I need it?

Thanks,

His Money

SUNDANCER: Good question

HEREWEGO:It's all in perspective because as the USD goes down in value,

our exchange rate will be higher for the IQD. 

FOXY56:The devalue of the dollar is not expected to last more than 6 months. 

RVDONE: Also, IMO, the 3 zero notes won't be honored for much longer after the revalue so watch carefully if you are holding them after. 

DINARDREAMER: Well said Foxy.

Rv happens then the GCR immediately follows, this makes the Dinar worth $5.00 or more because the dollar drops in value.

So we get more Dollars but our purchasing power drops as well. However our economy gets a boost and the Dollar goes back up along with our purchasing power.

Win win situation for us "In the know". Other Dinarians that don't understand this will spend a lot immediately when the purchasing power is less.

So don't go crazy spending right away, it could really benefit you.

MICAH68:That would make sense only if you believe the value of the dinar would continue to go up and not settle downward. Also the contract rates are limited. I think we'll get the most bang for our buck at the initial exchange.

SPIRITBEAR: You can convert the bills into digital IQD by open a Currency account where you hold IQD. Normally bills expire after 6 month. There is a law in place or at least an announcement from the CBI.