Saturday Evening Opinions @ 6:11 PM CST - 1/01/2021 - New Year's Day

[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 

 

 

*** Mnt Goat   Many disbelievers still ask me “how can we be sure that Iraq does not redenominate to the lower denominations and then discontinue these older three zero notes, leaving us holding the bag”?...To answer this question, you must go back to 2011 when the plan was first exposed to us for the process to get to the reinstatement (currency reform) by the Central Bank, World Bank and the IMF. At this time, it was told to the Iraqi people... It was very clear in the articles at that time and later confirmed by Dr Shababi in interviews in 2015. What they told us was that these large three notes would stay as valid currency but no longer be in public circulation or use. They would be used solely for “inter-banking” transactions. There would be a collection process prior and the 1:1 exchange would take place within Iraq.   [post 1 of 2....stay tuned]


*** Frank26  While we wait for the new small category notes to be shown to the citizens in sample forms first the education is now teaching very deeply about the float...they told them they were going to de-peg from the American dollar and go on par and float it 1 to 1...we are at the point where the bullets are not being put in the gun but they're actually being fired and traveling down the barrel to the target because the Middle East basket is extremely crucial for the Middle East itself...this basket would not invite a currency at a program rate...it would drag the other currencies that are in that basket and devalue their currency...
 

 

[ronscarpa]

[post 2 of 2 for MtnGoat above] Added at 7:20 PM CST:

 

*** Mnt Goat   This means for instance a 25,000 dinar note exchanged for a 25 dinar note.  Once the new rate was on FOREX, holders of the larger notes outside of Iraq would be allowed to exchange them for a period of time. This time period of 10 years was not precise and could be extended.  In short, we know the currency we hold will be exchanged for the rate on FOREX because they told us so. Remember this is different in Iraq . There is no RV like we are looking for within the country. Remember Executive order 13303 allowed the U.S. to invest in this currency and the government could have stopped the import of these dinars at anytime if this was a scam. It is figured that 10 million people now hold these notes in some extent. Most just a few notes.  [post 2 of 2 for MtnGoat above]