Tuesday Morning Opinions - 11:18 AM MDT - 2/27/2024

[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 

 

 

Mnt Goat ...Iraq is finally breaking the news all about the Project to Delete the Zeros. This is fantastic news but just news for now. The actual execution part is coming and I was told by my weekly call to my CBI contact in Iraq on Saturday, that it will be VERY SOON!

 

Frank26 Article: "Does deleting the currency’s zeros affect its value? An economist explains"  THE CBI IS SENDING TRUSTED ECONOMISTS TO EXPLAIN THE MONETARY REFORM EDUCATION OF DELETING THE ZEROS FROM THE EXCHANGE RATE!  IMO they're about to give the citizens a new exchange rate with new lower notes to match...They already told them that process will then take that exchange rate, which will be at least 1 to 1 but I think is going to be higher, to float in the basket internationally. 

 

 

[Luigi1]

Mnt Goat ...I was told by my weekly call to my CBI contact in Iraq on Saturday, that it will be VERY SOON!

 

 

Translation...Very Soon = 'In 'Coming Days'

[edbeach]

Luigi T think the Very soon means " In Coming Months"

[ronscarpa]

Added @ 1:27 PM CDT:

 

 

Militia Man   Article Quote: " Deleting the zeros...does not conflict with its value but needs educational campaigns to proceed it and a traditional period for trading the currency with zeros and the new currency to know the two currencies are equal in value."  If they are going to be equal in value...a dinar is a dinar is a dinar.  A dollar is a dollar.  When it comes to an international stage a dinar is not a dollar, nor is a dollar a British pound or a Japanese yen.  There's a difference in value. Are they one of each? Of course they are...But are they valued the same? Absolutely not...

[edbeach]

Luigi Thanks why I say months no matter what they do they stall on everything except their vacations & holidays