Thread: No Revalue? Word From Minister of Finance?

Originally Posted by Adster

Welcome, agreed. We know there are 5 denominations unaccounted for FACT as 14 denominations were made. Could they be higher notes? Not likely, we already have 25k notes, would make no sense whatsoever.

So yes, one would say they would be lower denominations necessary for a reval.

That's correct, plus to support this idea there is the serial number peculiarity; how they started mid stream in their alpha numeric sequence thus indicating to folks familiar to the process that the powers that be left room for the introduction of lower denoms.

Originally Posted by wciappetta

That's correct, plus to support this idea there is the serial number peculiarity; how they started mid stream in their alpha numeric sequence thus indicating to folks familiar to the process that the powers that be left room for the introduction of lower denoms.

Exactly bro. I did some research a while back and found this great site showing all the old notes of Saddam days and before him. What was apparent was that when the rate was so much higher the lower denoms were 1/4, 1/2, 1, 5, and 10 which was repeated several times, 1973, 1993. Could well be they are the ones waiting to be unleashed!

Iraq - Iraqi Dinar Currency Bank Note Gallery - Banknotes of Iraq - Iraqi Dinars Bank Notes

Originally Posted by Adster

Exactly bro. I did some research a while back and found this great site showing all the old notes of Saddam days and before him. What was apparent was that when the rate was so much higher the lower denoms were 1/4, 1/2, 1, 5, and 10 which was repeated several times, 1973, 1993. Could well be they are the ones waiting to be unleashed!

Iraq - Iraqi Dinar Currency Bank Note Gallery - Banknotes of Iraq - Iraqi Dinars Bank Notes

Exactly my thinking too. This pattern is the model, those are the five denominations we will see I'm sure.

Soon Wardy, soon. Every day is a day closer. We know it has to happen, not if but when. No lop, no reprint, just a big overnight reval. When I get time I will post a list of countries who have revalued in the last 10 years. Know Thailand and the Baht floated in 97 and of course the Chinese Yuan 2 years ago, bound to be others without a lop/reprint!!

Originally Posted by Adster

Soon Wardy, soon. Every day is a day closer. We know it has to happen, not if but when. No lop, no reprint, just a big overnight reval. When I get time I will post a list of countries who have revalued in the last 10 years. Know Thailand and the Baht floated in 97 and of course the Chinese Yuan 2 years ago, bound to be others without a lop/reprint!!

That will be a neat project. Since investing in the Dong I too have taken a closer look in that part of the world. Would love to see your research.

Another interesting point and maybe the most pointed RV is the Japanese in 1985 [Plaza Accord]. Chinger brought this baby to light. Overnight RV doubling the exchange rate and get this, they didn't remove a single yen from circulation. The CB controls the rate and they can flip the switch in a moment.

Originally Posted by wciappetta

That will be a neat project. Since investing in the Dong I too have taken a closer look in that part of the world. Would love to see your research.

Another interesting point and maybe the most pointed RV is the Japanese in 1985 [Plaza Accord]. Chinger brought this baby to light. Overnight RV doubling the exchange rate and get this, they didn't remove a single yen from circulation. The CB controls the rate and they can flip the switch in a moment.

Will do Wardy, pretty busy at the moment, need to sit down and give it total concentration for a few hours, but intend to do it as it will be useful.

Nice. Why am starting to wonder if the CBI are waiting to let the rate get to 1260 which is the rate they used to base the budget on then hit the switch. Not such a bad theory, they do not have enough dinar to implement at that rate and highly unlikely will print more up. We'll have to see when it gets down to that rate if it doesn't happen before.

Adam/Ward, You two gentleman sure know how to starts ones day with a flood of information. Thank you yet again for all you do for everyone in these forums. And I to, would be very interested to explore your research in this matter if it is not too much trouble. Thanks again!

Originally Posted by notazbad2000

Adam/Ward, You two gentleman sure know how to starts ones day with a flood of information. Thank you yet again for all you do for everyone in these forums. And I to, would be very interested to explore your research in this matter if it is not too much trouble. Thanks again!

Welcome. Enjoy the discussion, nice to have an interlude sometimes without news articles, good to bounce off ideas/theories with intelligent folks.

Originally Posted by notazbad2000

Adam/Ward, You two gentleman sure know how to starts ones day with a flood of information. Thank you yet again for all you do for everyone in these forums. And I to, would be very interested to explore your research in this matter if it is not too much trouble. Thanks again!

Hey you'll be rattling this stuff off in no time. When folks take the time to look at the history and educate themselves a bit it's impossible to miss. The problem is, you really have to dig to find the info.

But hey, heres to digging.

Originally Posted by Adster

Will do Wardy, pretty busy at the moment, need to sit down and give it total concentration for a few hours, but intend to do it as it will be useful.

Nice. Why am starting to wonder if the CBI are waiting to let the rate get to 1260 which is the rate they used to base the budget on then hit the switch. Not such a bad theory, they do not have enough dinar to implement at that rate and highly unlikely will print more up. We'll have to see when it gets down to that rate if it doesn't happen before.

I was thinking about that and awhile back I pondered if this rate adjustment was merely to put inflation in check and at the moment that goal is achieved launch to the former level. what do you think?