Below is a response to this article from a fellow dinarian Lee D Falconer from a FB site I am part of. I believe he is also including TLar's opinion in regards to the article. THose would be the comments in the red quotes.
Quoting Tlar -"The CBI had said in August that it planned to delete the zeros of the Iraqi dinar "
This is the second time it is mentioned. The first was a guy on the finance committee and now Mehma Khalil again tells us also that the CBI said they were going to delete the zeros in August. That is two different guys who should be in the know stating the same thing that this will happen this month. The finance guy went also so far as to say that the CBI told him that they would also release the smalls. We know that is an impossibility at the current exchange rate. So what they both are insinuating is August will bring a big change to the currency. They both say that this information came from the CBI and this info comes on the heels of the one on one meetings Turki just had with all these guys over the last two weeks..
Again we see 30 trillion dinars which is the same number that has been repeated in all articles since early last year when Saleh used it. It is a stock number that the news uses again and again and will continue to use until a new number is finally reported by the CBI. The CBI has been very guarded in not releasing any new numbers and personally, I don't think they will release any new numbers before a change in the currency.
Before LOPSTER notices the Turkey comment and says that horrible L word let me say this
:P "the preceding example States Turkey and Lebanon have succeeded"
Scares me chit out of me when they use countries like Turkey who lopped as an example.
I do know however the Iraqi plan is different and this guy is just using it as a 'hey look, it works and is possible' example to put his point across. Turkey had mega hyper inflation and a lop is a tool to combat that...Iraq does not have that problem.
I really hope August is our month and the month Iraq get this big surprise. Them also mentioning a new currency makes me think they speak of the smalls.
Dang I said that ell word, assumes the position ready to be spanked
Its an event by which they remove the large 3 zero notes from circulation...its an event that has already begun, cbi told us they started it well over a year ago. this is a tough one to get in to because there is list the zeros, remove the zeros, delete the zeros. I think it may come down to it being an event...removing the 3 zeros from the exchange rate and by doing so removing the large 3 zero notes from circulation....who knows how they will do it and in what order....what we do know is that when they use those terms whatever one they use the are not talking about that L word I think you are hinting at?
Recent articles state that they will probably lift the exchange rate to 1000-1 and then take the 3 zeros off the rate making it 1-1 which will then start the removal of the large 3 zero notes from circulation and at that time they release the new small denoms.
Economic and finance committee have both let slip the same plan recently.
Kap still thinks we will float to a buck from 1166, I don't believe you, it would take too long to accomplish what they say they are ready for now...the remove the zeros, lift the zeros, delete the zeros event.
who knows and im not an expert and we know these guys are idiots, theres always a little doubt that they could fluck us over in some way, the are after all iraqis....
Im hopeful we find out this month!
-Lee D Falconer -