Sunday Early Afternoon Opinions @ 2:25 PM MDT - 4/16/2023

[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... So, take everything with a grain of salt ...   RON 

 

 

Henig  Article: "Chambers of Commerce: Dollarization of markets has decreased and the exchange rate will reach 140" Quote: "the use of the dollar in trade exchange and debt repayment at home, or what is known as market dollarization, fell by 10% for the first time in many years, and the demand began to be greater for the adoption of the dinar in ending transactions and exchanges between traders within local markets... The markets of Diyala and the rest of the provinces are witnessing a remarkable decline in the exchange rate of the dollar recently..."

 

Frank26  Question: "Will there be a cutoff date on the 3-zero notes to encourage the citizens to get their notes off the street?" A: I  don't believe the CBI is going to mandate, 'you've only got 3 months to bring in your 3-zero notes.'  They would be stabbing their own citizens in the back...I always use the example of the United States of America. [Post 1 of 2]

Frank26   After the 1950's our exchange rate started to improve.  All the 3-zero notes that were in our circulation were no longer being used.  Did the United States tell the citizens, 'You know that $1,000, $500? It's no longer legal tender after a certain amount of time.'  No.  It's still legal tender...I don't believe they're going to put that pressure on the Iraqi citizens ...which means they're not going to put that pressure on you to trade in your 3-zeros either. [Post 2 of 2]

 

Militia Man  They're publicly making it known to everybody inside the country to start repricing in the dinar. What else can you say?  Something's coming.  Something's up.  They're already in the dinar per se at 1310, are they not?  Why reprice?  Well because the change is coming. 

 

 

[Danishere4news2]

2 hours ago, ronscarpa said:

 

Militia Man  They're publicly making it known to everybody inside the country to start repricing in the dinar. What else can you say?  Something's coming.  Something's up.  They're already in the dinar per se at 1310, are they not?  Why reprice?  Well because the change is coming. 

 

The article states pricing in dinar, not repricing in the dinar. Big difference in meaning

[screwball]

On 4/17/2023 at 5:59 AM, ronscarpa said:

A: I  don't believe the CBI is going to mandate, 'you've only got 3 months to bring in your 3-zero notes.'  They would be stabbing their own citizens in the back...I always use the example of the United States of America. [Post 1 of 2]

well this is opinion only...remember they have said co exsist for 10 years but they have also said 3 months and even a month...so how long no body knows.

[screwball]

On 4/17/2023 at 5:59 AM, ronscarpa said:

Militia Man  They're publicly making it known to everybody inside the country to start repricing in the dinar.

well for basic items ditigal ration card will be in play for other items yes they will have to adjust pricing for new rate and take into account lower denoms...change in FILS

[screwball]

interesting..The Iraqi dinar refers to Iraq's national currency and is represented by ISO code IQD. Iraq's Central Bank issues the Iraqi dinar, which earlier consisted of 1000 fils. However, fils are no longer used because inflation has rendered them obsolete, and now dinars have become the smallest currency unit in use.13 Jan 2023

[screwball]

Iraqi dinar

Wikipedia

https://en.wikipedia.org › wiki › Iraqi_dinar

 

 

 

ع in Arabic; code: IQD) is the currency of Iraq. It is issued by the Central Bank of Iraq and is subdivided into 1,000 fils (فلس), although inflation has ...

Central bank: Central Bank of Iraq

Symbol: ID or د.ع‎

Coins: ID 25, ID 50, ID 100

Freq. used: ID 250, ID 500, ID 1,000, ID 5,000, ...

[screwball]

kuwait also 1000 fils

[screwball]

The Kuwaiti dinar (Arabic: دينار كويتي, code: KWD) is the currency of Kuwait. It is sub-divided into 1,000 fils.