ronscarpa Posted January 19 Report Share Posted January 19 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 MarkZ Article: “Parliamentary finance reveals the objectives of revealing the federal budget” This happened today. I am told they expect the vote or third reading on this tomorrow. I am very optimistic on what is happening in Iraq this weekend and would not surprise me if they raise that value soon. Jeff Question: "How long IYO will we have to exchange our 3-zero notes before they are rendered non-negotiable?" Jeff: When they phased out the old Saddam Swiss notes and put the new notes into circulation everybody had 90 days to turn in their old Saddam notes and get the new ones. They used to have a 50 note up until 2012. They phased out 50 note and replaced it with the 50,000 note. When everybody had to turn in their old 50 note they had 90 days as well. My opinion is that we're all going to have 90 days to turn in our notes because that's how long they had historically from two different scenarios to turn them in. However, Shabibi, the originator of the plan indicated the notes would coexist for some time. RON Kaperoni Mudher Muhammad Saleh, former deputy governor of the Central Bank of Iraq stated years ago, Iraq has about 16 trillion dollars worth of minerals in the ground including oil. They have since discovered much more..! There is no way they could significantly RV the dinar with the amount of currency in circulation (currently about 100 trillion dinar). Only a gradual reduction of the currency as a result of the economic growth in diversification would make any sense. Not to mention, the world would not accept any arbitrary or random value. Pimpy There is no in county/out of country. Whenever Iraq makes a change on the currency exchange rate in country it's going to affect everywhere around the world in regards to Iraqi dinar. There's not going to be some special group that you go to, Tier one, tier two, there's no Reno visit. That's all bull ****. There is no redemption centers. When the time comes we just take our dinar to the bank, we make the exchange. Nobody's going to get a special rate. Clare Article: "Iraq is off the red list for risk assessment" Quote: "The investment status in Iraq had been raised from the red list to the orange list during the Prime Minister’s visit to London." 3 2 Quote Link to comment Share on other sites More sharing options...
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