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PennStateMtnMan
07-03-2013, 02:45 PM
I have a few questions concerning these articles posted by 4aprofit. There are some that keep stating about 2.50. Are these articles reputable? In addition, there are other articles talking about 3 zero lops and things like that. Why would they be talking about 2.50 and lops at the same time, but in different articles?

There are also other articles saying the rate is 120 etc. But on the CBI's website, I don't see a change at all.

Screaming Eagle
07-03-2013, 04:32 PM
I can answer the last part of your question concerning the 120 etc. because I also wondered and had to research it. The 120 or (120) as occurs in different translations refers to the market rate of thousands of dinar and not the rate for a 1 dinar note. 120 or (120) would be 120,000 dinar to $100, 127 or (127) would be 127,000 dinar to $100. What they are saying is the market rate has decrease from (127) to (124) to (120) dinar to $100 to stabilize the market rate.

If exchanging for a single dollar the rates would be decrease from 1270, to 1240, and then to 1200.

RoyalBeluga
07-03-2013, 05:06 PM
So in their heads they are removing the 3 zeros to make calculations easier. Perhaps all these articles about removing 3 zeros is nothing more than removing them mentally to make calculations easier and to hopefully allow the Iraqis to feel better about their currency? I dunno, just a thought :confused:

PennStateMtnMan
07-08-2013, 12:14 AM
The more talk about removing three zeros, the more I get nervous. It isn't looking good for us.