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Old 06-05-2010, 06:14 PM   #1 (permalink)
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Default Hint Hint...you might wanna drop 100 dollars on this!

I'm not a big investor of currency but you might wanna check into the New Iraqi dinar (NOT the Saddam notes). I have been invested in it for about 6 years now and made a few cents, but something is telling me there about to revalue their currency. Nothing is guaranteed, but IMO 100 dollars is worth this investment.

If your google the Iraqi dinar pay close attention to the articles dated after 2009, anything before that date will be a negitive write up. You also might wanna check into the Vietnamese Dong.

Good luck if you take that chance.
YouTube - Jim Cramer of Mad Money Talks About Iraqi Dinar

YouTube - CNBC Clip On Buying Iraqi Dinar

Conscious / Baghdad / Haidar al-Bakri

Iraqi paper on the threshold of collapse since 1980 to 2010 in the way of economy, finance and the crisis of inflation- 3,04.00 with 9 trillion deficit rate of real financial sweeping the Iraqi economy, the spectrum because of the lack of coordination between fiscal policy and monetary policy and the great extravagance in the issuance of paper currency and the absence of a clear strategy for most of the productive sectors gives us signals. Clear to the presence of imbalance in the Iraqi economy led to the retreat in the level of development and economic recovery as that crisis and Allkwat Mrabha which country was the primary cause of the high level of inflation but year after 2003 and the policy of openness and marked a big question about the size of the interest of the Iraqi economy harvested and whether our economy still needs to plans and strategies to promote and follow a policy of commercial arbitration.

Local funds larger than its value

According to Director of the Bank of Kadhimiya Sana Al Nuaimi from the inside one of the departments of banking for receiving funds from the citizens that "local funds too many larger than worth pointing out that "some depositors and recipients face a significant problem in how to receive money and brought in because the amount of 10 million need to be a big bag to get it, especially since the security situation is unstable and there is a difficulty in the process of transfer, so the central bank had to act quick and serious in to avoid this crisis.

Wish the back of our currency the old

Trader says in Shorja Jabbar Jawad shop owner (gardens) at the age of 56 years old when he was displays of ceramic products, glass and Ilmaha in the early morning. I asked him: how Haji said inadvertently contained a day 30 / 40 dinars, and if he put me in astonishment What do you mean forty dinars Did you mean 40,000.

I said I believe that the dinar in the old currency, particularly mineral pool to hold them when we feel that we are well versed in good physical condition. Although I carry a few of them and I hope that our currency returns the old (five Owlos, dirham and the dinar) and other other items.

The interest rate was 20% 6% today to reduce inflation this fallacy large

According to an investor for the banking sector in the Iraqi Stock Exchange Hisham Mohammed, said "The decision to increase the capital of companies in three years to 250 billion dinars and Alsadran the central bank at this time was negative as investors showed no retreat at all levels of investment by 50%.

He pointed out that subject has not been studied well and the size of the pluses and minuses involved in this resolution and that the interest rates imposed by the Central Bank of the loans granted as 20% to reduce inflation today is 6% also to reduce inflation, there is considerable ambiguity and confusion in this policy. Where the public interest as well as the resolutions of the Central Bank, as there are approximately 400 investors today have been their money into the destruction and collapse.

Central Bank monetary policy is the oscilloscope has the right to make decisions

The chairman of verbal wiped the Iraqi market for securities super Noam Kassab said "The Central Bank has the right to issue such decisions being painted is one of the monetary policy and banking in the country is also the supervisor of the private banks and government in Iraq.

He pointed out that we discuss and give opinions on this resolution in Mait_khass in the time period the question of extension to broadcast the Iraqi Central Bank to do so.

Adding the market was affected by this decision and stocks fell for all sectors. The encroachment of this decline to include a T T Acharka not covered by the decision because of the percentage change in stock price.

The "The decision taken by the Central Bank of Iraq to reduce the proportion of change from 20 to 10% off. Turn out that most investors Starts to offer their shares for sale so you can keep these amounts in order to be able to participate in the IPO to follow up, which will come from banks for the purpose of the increase and abide by the decision When the central bank increases the number of vendors offer less prices also increase.

To worsen the security situation and economic reasons why the bank to take such decisions

The Director of the Iraqi banks in the Central Bank Khaled Shaker "Most of the decisions taken by the Bank SA tactful was under the conditions represented in the security situation and the deteriorating economic situation, these are all reasons enough to make the bank take the decisions, so that the bank makes decisions in the public interest.

He said .. Batokid we raise complaints. The demands of the bank managers to the Governor of the Central Bank and the decision is up to Did you have a word with him in this resolution until such time by the Governor of the Bank d. Shabibi or advisor with the CBE I am not authorized to release.

Behind inflation and not to raise the value of the Iraqi dinar against world currencies

The expert on the financial affairs of the Star-Rubaie Baghdad University, said "the local currency of groups large and small notes and coins of denominations of (25-50 - 100) dinars in place since 2003 to now in the Iraqi market need to combine, modify, integrate and pull.

Rubaie added that "all these currencies, specifically groups great need to raise zeros and small need to raise cash value and reduce the issuance process frequently and to have the public has full confidence on the value of the real and the proof is that in 2006, was issued a coin to the market, but ignorance of the public was behind the lack of dealing with them.

.. He said, adding that "the currency of (25-50 - and 100) dinars, which were traded in 2003, and despite the high rate of inflation during the period of the previous regime in the fall I think a lot that small change and coins will return to the circulation because of the low level of inflation and have been really small coin But it soon disappeared from the local market because of the high prices of goods and reduced purchasing power of the Iraqi dinar.

Confidence in the local currency means lifting the zeros and return the real value of her

The Director of Media Baghdad Chamber of Commerce Ali Zein, "The counterfeit currency In a number of banks lead to a lack of confidence in the local currency and this is a vacuum and a large distance of monetary policy in the Central Bank on track in real lift the zeros of the coin and talk about the existence of counterfeit currency we have to file complaints made by merchants and received by a member of the Council Chamber Qasim Muzaffar we have worked on address the central bank

Inflation because of the seriousness of the current fiscal and monetary policy

Expert in Economic and Financial Affairs Karbala University, Dr. Ahmed Hassan al-Asadi "The continuing rise in the value of the Iraqi dinar against the U.S. dollar due to policy in the Central Bank of Iraq through open auctions and withdraw liquidity.

Asadi said that "the increasing the seriousness of inflation on the value of because of the Iraqi dinar. Fiscal and monetary policies must be indicating that the importation of goods and services from abroad and the decline in production also led to the resort of monetary policy to support the Iraqi dinar exchange rate and I expect that the policy quiet. In support of the fundamental value of the Iraqi dinar led to the high level of current inflation for 2010.

He pointed out that the absence of micro-economic policy programmed programmable clear lines summoned to the pressure on the work monetary and fiscal policy is the policy of raising current spending.

Inflation does not represent a monetary phenomenon but excreted factors and causes of internal and external

According to faculty in the Faculty of Business and Economics University of Baghdad Dr. Hanaa Abdel-Hussein said "inflation suffered by the Iraqi economy does not represent a monetary phenomenon, but a magnification of another kind of thing demonstrated by a number of factors and causes internal and external, including lack of clear economic policy under the former regime in addition to the country's vulnerability to many of the crises and wars and the spread of values and bad behavior and corruption financial, administrative, and adopt a policy of openness to the outside world and freedom of handling and foreign exchange and the clear decline in the level of economic activity and eat in the level of real GDP.

Called Dr. Hana in the search to the need to adopt the central bank interest rates help to diversify financial market debt instruments Bojalha gradual and managed at the same time increasing levels of savings and control the levels of liquidity. Inflation Mean, disruption of energy production means high unemployment and low growth rates and deteriorating incomes and falling living standards and waste of savings, with investors and the division of society into categories of rich, affluent and poor, destitute and disabled to the forces of production, so must look for exits and break the stagnation and move the forces of production and increase supply capacity and to ensure the basic needs of the consumer are considered priorities.

The fiscal deficit is estimated (9) Dinreetraci trillion in the budget for 2010

According to Bank of Iraq adviser, and a representative of monetary policy in Iraq, the appearance of Mohammed Saleh, said that "disability is estimated in the budget for 2010 B (9) Trillion IQD vary in proportion.

He added that "this figure is based on several considerations, including Asar oil is priced for the purposes of the budget 62 dollars a barrel, we Anghl that the percentage of the adoption of Iraq's exports by 99% of Iraq's imports and Mama prices barrel may increase the percentage of deficit of 20 trillion. Adding that the Central Bank of Iraq monetary policy set Bakannouna No. (56) for the year 2004 issue of inflation targeting and to address the rates rising and work to reduce the priority objectives to reach a state of lasting stability in the general level of prices, so by influencing the levels of general liquidity and control of the trends and at the same time to strengthen financial sector and balance and stability and stimulated to respond to market signals launched by the Central Bank over monetary policy.

And "The Central Bank of Iraq Ajerytadela interest rate has adopted (policy rate), which became 20% since the beginning of 2007 before declining to 15% in 2008 to stimulate interest rates overall and reached 7% in 2009.

In the economy in order to achieve levels of savings and high desirable commensurate with the level of revenue that stimulate the public and businesses to increase their deposits with banks as well as to address the levels of high liquidity in the role played by the reference interest rate to strengthen the mechanical moving cash to curb the soaring inflation of 3.04 for the year 2010.

He said he had risen at the same time, Iraqi dinar exchange rate against the U.S. dollar (by buying and selling auction of foreign currency since the autumn of 2003) at a rate of 34% in part to curb inflationary expectations as of November 2010 and the balance in the money market between the desire to retain the funds were real money dinar and the supply of such stocks by making the Iraqi dinar more attractive and more likely in the face of the phenomenon - Dollarization - and their implications for the deepening problems of replacement and hit the cash element of stability in the demand for money, which is deepening the money market disruption. In order to present the facts of the current monetary policy and results in reducing inflation and stabilization. This paper is to express some aspects of the ECB's President, and that according to the monetary framework adopted at the present time.

T / me. M

The trends in monetary policy in the face of inflation

He pointed Amadhr trends monetary policy in the face of inflation incoming by reversing the inflation phenomenon, the steady escalation in the price level of goods and services, which exceeded the annual rates, regardless of the bottlenecks of the overall width and its contribution to the phenomenon of inflationary monetary policy on addressing the phenomenon and reduce the levels and especially the inflationary pressures generated by the aggregate demand or total spending in the economy.

Inflation is basically the dimensions of the two paragraphs of fuel, transport and communications, from the record

He Amadhr if we exclude the two paragraphs of fuel and lighting, transport and communications index of consumer prices, an indicator of inflation, you can access to the so-called core inflation inflation basis Which reflects the pressure of aggregate demand in excess of 32% per year (less than half the annual inflation rate referred to in the above Then came a decline of about 13.6% annually, adding that the case of deep-rooted in the phenomenon of inflationary and that the foundation Eshrha inflation caused by demand pressures which led to the disruption of Amehal exchange market in terms of public's desire to retain cash balances over the supply of such stocks. Reflecting an increase in the speed of money circulation and an increase in inflationary expectations in the same time, as it has become the latest source of inflationary persistence of the phenomenon.

Raise the external value of the Iraqi dinar

(Ie, the nominal exchange rate) in a manner commensurate with the real exchange rate to contain inflation expectations, taking into account the trends of the phenomenon of inflationary and the level of acceptance and availability of reserves, inflation and the level of acceptance and availability of international reserves with the Central Bank of Iraq and to curb inflationary expectations referred to above and to reduce the speed of circulation money.

Modify the interest rates Central Bank of Iraq

To bring out the financial market strong signals to changes in proportionate and desirable with the evolution of the time structure of interest rates, which would help to ensure positive returns to public depositors in the banking system and reduce the status gap between savings and investment by borrowing unequal between the supply of funds intended for loans, and demand. Explaining this matter that the benefit is not a monetary phenomenon only, but is a real phenomenon is also related to the decisions of investors and investment returns, so the spacing mentioned between desired savings and desired investment caused real interest rates negative in the years 2005 - 2006 (before becoming a positive since the beginning of 2008) , which came under the influence of inflationary expectations high compared to low interest rates cash in banks and the general financial market. The elimination of the gap between savings and investment is through access to interest rates steadily Twaznip subject to inflationary expectations and contained something adopted by the central bank to adopt the installed nominal (Nominal Anchor ) Exchange rate to stabilize inflationary expectations of the public and at the same time for the benefit of the Iraqi dinar through monetary framework adopted by the flexible exchange rate policy, but under the influence of central bank intervened in order to achieve nominal exchange rate to the level of the real thing.

The phenomenon of the spacing between savings and investment in essence, means the spacing between the productivity of investment and real return by hand, compared to returns on savings, especially when an investor to receive a real return on a regular plus a margin of inflation for prices of goods and services generated by investment is normally from its outputs, which in all cases more than interest and Istalp of return on savings over the rates of bank interest low from the perspective of the money market is not the organization, we mean the market is not legal (of Interest), which reflects the reality of actual transactions and the real value (for the price of money) no interest away from the regulatory framework adopted legal with the banking system Thdidalvaidp in cash.

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Old 06-07-2010, 01:50 PM   #2 (permalink)
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To all the members here at Old Hippie, when you guys and girls get tired of me bring this investment to the front please let me know and I will stop posting about the Iraqi dinar. I just wouldn't want anyone to miss out on this possible investment. Thanks Bronx.

US, Iraq partner on Bank of Baghdad

CAMP LIBERTY – The Iraqi-based Industrial Zone's Golden Construction Company recently broke ground for the Bank of Baghdad here, one of 10 new banks to be opened throughout the country to help boost the Iraqi Dinar.
Bank of Baghdad employees broke ground on Camp Liberty recently as the Iraqi-based Industrial Zone's Golden Construction Company began building the Bank of Baghdad, one of 10 new banks to be opened here to help boost the Iraqi Dinar. U.S. Army photo by Sgt. Tresa L. Allemang.



"Iraq's Victory Base Complex vendors, contractors and civilians will soon have a new bank to meet their financial service needs," said Maj. Andrea Singer, the theater financial management liaison officer for the 326th Theater Financial Management Center.

She said this Victory Base Complex branch of Bank of Baghdad will be the second on VBC, all part of the Banks on Bases Initiative (BoBI).

The new bank, expected to open in about 10 weeks, will ease the impact on the Iraq Joint Operations Area as the financial management units help set the conditions for the eventual withdraw of U.S. forces from Iraq, according to Capt. Eric C. LaBay of Denver, the 15th Financial Management Company’s banking and e-commerce officer.

Singer, of Los Angeles, explained that the goal of the BoBI is to eventually transition VBC, as well as the rest of the country, into using Iraqi Dinar instead of U.S. currency; immediately helping to strengthen the Iraqi economy.

"The dependence on U.S. currency has resulted in the dollarization of the Iraqi economy, which increases the probability of fraud and exposes service members to unnecessary risk by creating a potential funding source for our adversaries," she said. "By de-dollarizing the Iraqi economy we are helping to strengthen the Iraqi business and banking infrastructure and improving the value of the local currency."

Singer said this bank will be available for use by Iraqis, third-country nationals and contractors working on VBC, and also noted that the Bank of Baghdad was approved by the U.S. Treasury to hold government funds for U.S. Army finance companies.

"Having banks on bases throughout Iraq also allows the U.S. government to send electronic payments to our vendors rather than disburse cash," added Capt. Shaun Miller, U.S. Army Central Command banking officer for Iraq.

"We have already seen a domino-like effect at other bases, where vendors and contractors are turning around and paying their employees electronically as well," said Miller, a Washington, D.C. resident. "We are promoting financial cultural change toward the banking system, and away from cash."

"This bank will not only create jobs, but will also increase the confidence in the Iraqi Dinar and the Iraqi banking system," Singer said. "Iraqi's are still learning to place faith in their banking system because when Saddam was in power, it was not uncommon for him to seize bank assets."

She said as Iraqis see the benefits of using their banking system, they’ll gain confidence and will begin establishing checking and savings accounts, as well as be able to obtain loans.

To date, the U.S. Financial Management Community and the Iraqi Based Industrial Zone, known as IBIZ, with assistance from Miller, have been responsible for officially opening Iraqi banks on two of the U.S. Enduring Bases. Eight additional BoB have been solicited throughout Iraq and are expected to be operational within the year.

"This is a great example of the partnership we've created," Fort Leavenworth, Kan., native, Maj. Jerry England, IBIZ project coordinator, said. "Together we are working to build the economy."
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Old 06-07-2010, 05:10 PM   #3 (permalink)
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So how about giving a noob a short lesson on how this all works.
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Old 06-07-2010, 06:56 PM   #4 (permalink)
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Quote:
Originally Posted by winslo View Post
So how about giving a noob a short lesson on how this all works.

I'm curious about this too. Is there a way to invest in the dinar without buying ETF's? Frankly, I try to avoid investing in anything that Jim Cramer recommends. A lot of people have done very badly following his advice. Just be cautious, is all I'm saying.
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Old 06-08-2010, 11:52 AM   #5 (permalink)
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This link might give you some answers.
Home - Iraqi Dinar - Registered Iraqi Dinar Dealer
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Old 06-08-2010, 12:17 PM   #6 (permalink)
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Okay it is way to long to explain the whole Iraqi situation, but in a nut shell there are three ways to invest in Iraq to make money.

ISX= Iraqi Stock exchange which is almost all penny stock, and I am not involved with the ISX.

Warka Bank: It's where you open an account with this Iraqi bank. Once again I do not have an account with this bank because the Iraqi banks don't have a FDIC system so with that I don't trust it.

Iraqi Dinar: Which is Iraq's currency and that I have in hand, well in a safe deposit box.

I only have 15 hundred dollars invested which comes out to 2 million Iraqi Dinars. My 1st million came from a friend that was in Iraq in 2004, my 2nd million came from 5/3 bank here in the USA.

Right now it will cost you about $1000 per million dinars, so I made about $500 so far. But you can invest as little as $100. This investment has the potential to hit big time ( if the rate goes back to per war rates ), or make a small amount off this investment, or brake even, and in the worse case lose it all. But that's the chance we take with investing in anything. Risk and reward.

The same plan that was instituted in Germany is now being used in Iraq which is called "The Marshall Plan". http://www.archives.gov/exhibits/fea...marshall_plan/

New Iraqi Dinar (NID)-Presidential Order 13303 allows US Citizens to invest in the New Iraq

New Iraqi Dinar (NID)
Presidential Order 13303 allows US Citizens to invest in the New Iraq. Under this Order and the Coalition Provisional Government Order 39, a US citizen has the same rights to investments as an Iraqi citizen.

IRAQ (PRWEB) March 2, 2004 -- Investment in the new Iraq is guaranteed under the Presidential Order 13303 removing sanctions on investment in Iraq. The new order allows for a restructuring of the banking system in Iraq. US citizens are allowed to invest in Currency, Stocks, Bonds, Real Estate and Business in Iraq.

Iraq has a new currency to replace Iraq’s two currencies, one of which was easily counterfeited and mostly circulated in a single denomination. Banks issue only the new currency and government employees paid in cash will receive their salaries in the new currency. Until January 15, 2004 the old and new currencies will circulate freely at a fixed exchange rate. Exchange between the old and new currencies is conducted at now charge at multiple exchange points around the country.

The other financial market structures are strong:
95 percent of all pre-war bank customers have service and first-time customers are opening accounts daily. Iraqi banks are making loans to finance businesses. The central bank is fully independent. Iraq has one of the world’s most growth-oriented investment and banking laws. The new Iraqi dinar which is printed by De La Rue company in the US and Great Britian, is valued at just 2 tenths of one cent today. The US treasury has a strong dinar policy and is working with the CPA (Coalition Provisional Authority) to reinstate a strong decentralized banking system in Iraq. By December 2004 there will be six Western Banks in Iraq and six Iraqi Banks outside Iraq in operation. In March Three banks were given licence to operate in Iraq, National Bank of Kuwait, HSBC Bank and Charter bank of England.

Anyway do a little research of your own. I just wouldn't want anyone to miss this opportunity.

Oh and by the way I just put that Cramer video to show that this investment is starting to hit main street.

Last edited by Bronx; 06-08-2010 at 04:09 PM.
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Old 06-10-2010, 05:31 PM   #7 (permalink)
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Bold investors putting money into war torn Iraq

It may not be the most obvious place to put your money but a few bold fund managers are betting on the reconstruction of war-ravaged Iraq to tap into an investment market potentially worth billion of dollars.

They are seeking out hedge funds, family offices, ultra high net worth investors and pension funds as potential investors willing to overlook the volatility for the prospect of double-digit returns from the Middle Eastern country.

‘We strongly believe that the Iraqi stock exchange is a one way bet,’ said Eric le Blan, chief operating officer at boutique investment firm MerchantBridge.

The firm launched its Iraq-focused Mesopotamia Fund last month, aiming to initially raise $5 million (£3.4 million), and $50 million in the long term. So far, it has attracted only Middle Eastern investors, but it hopes Western clients will follow.

Iraq's stock market is valued at about $2.5 billion with nearly 90 listed stocks, almost untouched by foreign portfolio investors. Some of its blue chips are North Bank, Credit Bank of Iraq and hospitality group Mansour Hotel.
An inconclusive election has left political tensions in Iraq high, with no new government in sight nearly three months after the vote and the country remains largely isolated from world financial markets. Indeed, only a short while ago local banks were so cut off the only way to transfer money across borders was in cash stuffed bags.

But substantial investments from groups such as Exxon Mobil and Royal Dutch Shell to develop untapped oil fields are expected to boost capacity,bringing a return of prosperity and lifting consumption.

The government is also set to finance the construction of a $3 billion metro rail through Baghdad to shore up depleted infrastructure after years of war and underinvestment.

Despite the potential, risks still abound and money managers warn that in this gamble of high risk and reward, losing a major chunk of money is a real possibility.

‘We are telling everybody, put in 1 to 3% of your assets, write it off immediately as a total loss and then look at it in three to five years,’said Johan Kahm, a principal at multi-manager fund firm FMG that manages about $200 million across 10 funds.

Kahm said his $5 million special opportunities fund is now investing only in Iraq and raising money to boost assets to $10 to 15 million. ‘Iraq is a long term play, the minimum investment horizon is at least one year,’ he said.

Bjorn Englund, founder of alternative fund manager Godvig, believes that the risk involved is lower than perceived. His Babylon Fund returned a total of 25% since its inception and the fund’s assets have grown four-fold to $21 million since inception.

Sitting on about 115 billion barrels of oil reserves, Iraq could look completely different five years down the line, as oil production and investment flows improve and the country’s economy gets a lift, re-rating its stock market which is valued lower than that of Barbados.

‘Nobody knows what’s going to happen. Everybody is guessing. But if it works out, we are going to make five, 10, 20 times our money,’ Kahm said.

http://www.investmentinternational.c...iraq-3627.html
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Old 08-30-2010, 07:38 PM   #8 (permalink)
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I have a couple million IQD. Been a member at Investor's Iraq Forum - Iraq Dinar Forum, Iraq Investments, Iraq Stock Exchange, Iraq Bank, Iraq News, Iraqi Dinar - The Front Page for a long time. Basically, I haven't lost anything but haven't gained either.
The only ones who made money on this(so far) are the ones who bought a 4000:1 and the dealers selling IQD.
The Iraqis have no functioning government since the last elections. They haven't been able to build a ruling coalition and there was no clear majority.
They've failed at every attempt at passing an oil-sharing law.
The IQD has been stalled at 1170/1 for nearly two years now. There are fears of a 'lop', or dropping three zeros off the face value, but not increasing the value(a 10,000 note is the same as a 10 note). Iraq Planning Currency Redenomination - Radio Free Europe / Radio Liberty 2010

I'd love see a REAL revaluation of the IQD but after six years of waiting, I'm doubtful.
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