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DinarAlert uncovered this afternoon a series of 16 videos that made up a dinar seminar/symposium held recently in Iraq. These videos were sent to our Arabic translator for viewing and comment. Below is his initial response...
Seminar deletion of zeros from the Iraqi dinar which was brought by the Higher Institute 1 11 (video)
I listened and viewed most of the videos and statements: My understanding and personal opinion is that the drive to delete the 3 zeros is gaining momentum.. Mind you the entire government (i.e. the administration, elected parliament and probably the judiciary) have to agree on the issue and how to implement it.. I bet that the U.S will have to give its blessing as well.. It goes without saying that if the move benefits a lot of people in high positions that they will push for it to happen.. it is more politics than real fiscal reality.
The ID as we speak is definitely under valued.. How fast and by how much appreciation if the currency genuinely floats among the global currencies is yet to be seen (supply vs. demand) - I don't have a PHD in that but knowing the country and the region in general, the value of the ID will appreciate and soon..
My above comments are based on what I understood from all the videos and statements of all these officials and bankers..