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Questions for Adam's Update 11-18-2015


TexasGranny
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Hi Adam 

 

Lets say the dinar RVs and then is unpegged and free floats... (lets say .10 as you predicted)..... In your opinion how fast do you think that float would rise up to a higher rate? and how high (max) (again In your opinion) will it get.... 

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1. Your opinion on this article.......

2. (Have to wait? "...action extends for more than a year")

**Alsumaria News / Baghdad

The Central Bank of Iraq, Sunday, that the issuance of 50 thousand dinars category paves the way for the deletion of zeros from the currency, and among it will reduce the demand for the dollar, he pointed out that there is no link to the financial crisis with the new version.

A member of the Board of Directors of the Bank Ihsan al-Yasiri in an interview with the program "a quarter of an hour," which aired Alsumaria TV, "The issuance of 50 thousand dinars category and think about the issuance of 100 thousand dinars category is a project that is not fortuitous, but put up since 2007," attributing the release as " there is a problem in banknotes sequence as the highest category of cash (25 thousand dinars) equal to $ 22 and are therefore inadequate for transactions. "

The Yasiri, that "the issuance of the new currency will facilitate a lot of transactions, and will contribute to reducing the demand for the dollar, at least in transactions," stressing that "no income for the government to issue category, not to project any connection with the financial crisis or deflation and inflation."

He explained Yasiri, that "issuance of 50 thousand dinars category, and our thinking by issuing 100 thousand dinars category is one of the preliminary steps for the project to delete the zeros", adding that "the project to delete the zeros needs to be action extends for more than a year."

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