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Enorrste feels that DELETE THE ZEROS means -- "remove the large notes from circulation."...
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Enorrste feels that DELETE THE ZEROS means -- "remove the large notes from circulation."...
by Ponee Fri Jan 24, 2014 8:54 am
1-24-2014 Newshound Guru Enorrste
On the other hand, if, as the IMF has recommended...the dinar is allowed to "gradually rise in value" over time, then the issuance of smaller denominated notes would occur gradually, with small ones coming out as the value rose. By no coersion, then, but rather by choice, people in Iraq would trade in their large notes for the smaller ones as the large notes became more and more valuable, thereby limiting their own security risk exposure.
Finally...I have never found a single article from the CBI or the IMF that equates "delete the zeros" to the idea of "move the decimal point." Instead, the statements overwhelmingly come out to mean "remove the large notes from circulation."...
If they waited until 1 dinar equaled about $1 before issuing any new currency...then there would be 25000 dinar notes, worth close to $25000 a piece, floating around the country just prior to the issuance of the new currency. This does not seem practical, logical, or safe, to me. Of course it is theoretically possible that they could RV at $.86 to 1 dinar and then give, say, 30 days for people to turn in their large notes.
On the other hand, if, as the IMF has recommended...the dinar is allowed to "gradually rise in value" over time, then the issuance of smaller denominated notes would occur gradually, with small ones coming out as the value rose. By no coersion, then, but rather by choice, people in Iraq would trade in their large notes for the smaller ones as the large notes became more and more valuable, thereby limiting their own security risk exposure.
Finally...I have never found a single article from the CBI or the IMF that equates "delete the zeros" to the idea of "move the decimal point." Instead, the statements overwhelmingly come out to mean "remove the large notes from circulation."...
If they waited until 1 dinar equaled about $1 before issuing any new currency...then there would be 25000 dinar notes, worth close to $25000 a piece, floating around the country just prior to the issuance of the new currency. This does not seem practical, logical, or safe, to me. Of course it is theoretically possible that they could RV at $.86 to 1 dinar and then give, say, 30 days for people to turn in their large notes.
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Re: Enorrste feels that DELETE THE ZEROS means -- "remove the large notes from circulation."...
by Guest Fri Jan 24, 2014 9:34 am
Full of S*** there pal !
Deletion of zeros = LOP
Deletion of zeros = LOP
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Re: Enorrste feels that DELETE THE ZEROS means -- "remove the large notes from circulation."...
by Kevind53 Fri Jan 24, 2014 6:22 pm
Maybe, maybe not ... time will tell ...
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