Wednesday Afternoon Opinions @ 5:35 PM CDT - 7/14/2021

[ronscarpa]

Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON 

 

 

*** Pimpy  In order for the lower denomination to be used...it's not possible unless something happens.  And what is that something?  They would have to change the exchange rate...the lower denominations like the 5's, 10's, 25's, 100's and 500's and 1000's - the only reason why they are not being used is because they have no value...so why would you use them unless you plan on chaining the exchange rate...

 

*** Jeff   Yesterday Iraq puts out at least two articles talking about deleting the zeros...this could really go one of two directions.  They could either remove zeros from the notes from the notes or remove the zeros off the exchange rate.  No matter what they're gonna tell you what they're gonna do.  It's not a secret...Iraq is clearly telling you they're taking 3 zeros off the notes...I'm not making this up...it's in print... quote:  'denominations of 200 dinars (equivalent to 200 thousand dinars in the currency currency).'  That is removing zeros from the notes...

 

*** Frank26  Article:  "A deputy develops solutions to treat and reduce the damage of the economic crisis"  I'm calling this the mother of all article...this guy is saying there is a solution...and that solution is going to reduce the damage of our economic crisis.  You're talking about the monetary reform... Quote:  'International products are in the period of changing the exchange rate inside the country.'  ...the border taxations, the new exchange rate, the new small category notes - all of that is going international afloat...it's changing the exchange rate inside of our country [Iraq]...this is the mother of all articles.  It can't be any more blatant, any more obvious and it's from the right people...

 

*** Petra  The need for new small category notes will be controlled IMO.  It's not going to be a huge amount to come out because they're driving everybody to digital commerce which is where the world is going with those CBDC's and all those other programs that are coming out from the BIS and many other entities.

 

 

[Bob]

Pimpy

 

There is also a 250 dinar note!

[NWGUY]

Bring on monetary reform!!!  

[yendor]

Thanks a lot, Ron. We do appreciate what you and Luigi bring to the site.  We realize that much is on the fabrication side, but gives us something to read while waiting for the "REAL DEAL". 

 

Blessings  and safe travels to you and all other Dinarians.  It would be a shame if something should happen to any of us before this ride ends.