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TBD
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Everything posted by TBD
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As a "pegged" currency aren't they required to back their dinar at 100%? Also, isn't the $60 billion in reserves to cover the entire M2 of 60 trillion dinars not just the physical of $30 Trillion?
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maybe I'm missing something here, but it seems that they are clearly explaining a RD not a RV
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What a "positive" and uplifting post. The site is much better for it. Says a lot that you are already out of "Negs" so early in the day.
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Turkey is allowing 10 years to exchange their old currency for new. Iraq says they are using Turkey as an example so hopefully we will have 10 years to exchange. And, who is to say they wouldn't adjust the rate at the same time they redenominated?