3 RV Myths
Myth #1. The RV rate has already been set.
You probably hear numbers thrown out every day. $3.45, $1, $5.60! However, no one can predict what rate the dinar will revalue at and no one can time it. It is important to keep your ear to the ground to get a feel for the dinar, but stick to official statements when it comes to exact rates. Has the CBI announced it? Has the Government of Iraq announced it? These are the official sources who have the power to make those decisions, if the CBI and GOI hasn’t explicitly announced it, chances are, those rates you hear are guesses, at best.
Myth #2. The CBI will stop selling dinar after an RV
Why would the CBI cut off the money supply of the entire country after an RV? Traders and financial institutions will still be dealing with the dinar as it becomes globally traded, this is the whole point. It MAY be harder for private individuals to obtain dinar and obviously a lot more expensive, but the CBI will not stop selling the dinar unless it wants to stall its entire financial engine. The RV is not the end all be all to the country of Iraq. The RV is just another step for Iraq to position itself as a major player in the global economy.
Myth #3. Certain denominations will be treated differently
No. A dinar is a dinar. Just like how five, $20 bills equal one, $100 bill, five 5K notes equal one 25K note. Higher denominations will not be treated any differently, it simply doesn’t matter what denominations you hold with respect to the value of your dinars. The reason why most dinar dealers usually only carry 25K notes is because of logistics. If you think of the volume certain dealers do, 5K notes would take up five times as much space – more shipping and storing costs – than 25K notes.
I hope this clears up some rumors for you as it is important to have all of the facts throughout this process.
http://www.dinarprofits.com/
Myth #1. The RV rate has already been set.
You probably hear numbers thrown out every day. $3.45, $1, $5.60! However, no one can predict what rate the dinar will revalue at and no one can time it. It is important to keep your ear to the ground to get a feel for the dinar, but stick to official statements when it comes to exact rates. Has the CBI announced it? Has the Government of Iraq announced it? These are the official sources who have the power to make those decisions, if the CBI and GOI hasn’t explicitly announced it, chances are, those rates you hear are guesses, at best.
Myth #2. The CBI will stop selling dinar after an RV
Why would the CBI cut off the money supply of the entire country after an RV? Traders and financial institutions will still be dealing with the dinar as it becomes globally traded, this is the whole point. It MAY be harder for private individuals to obtain dinar and obviously a lot more expensive, but the CBI will not stop selling the dinar unless it wants to stall its entire financial engine. The RV is not the end all be all to the country of Iraq. The RV is just another step for Iraq to position itself as a major player in the global economy.
Myth #3. Certain denominations will be treated differently
No. A dinar is a dinar. Just like how five, $20 bills equal one, $100 bill, five 5K notes equal one 25K note. Higher denominations will not be treated any differently, it simply doesn’t matter what denominations you hold with respect to the value of your dinars. The reason why most dinar dealers usually only carry 25K notes is because of logistics. If you think of the volume certain dealers do, 5K notes would take up five times as much space – more shipping and storing costs – than 25K notes.
I hope this clears up some rumors for you as it is important to have all of the facts throughout this process.
http://www.dinarprofits.com/
