Guru BGG discusses RATE

by **Ponee** Sat Apr 11, 2015 11:03 am

Guru BGG

I will pass along some info I got...from a legit translator... It may well be that Alak was not talking about "larger notes" in front of the Finance Committee. it is possible (and I leave room for possible) he was saying "larger valued notes"... in other words... the 1, 5, 10 and raising the exchange rate in conjunction with this action... - which would effect the "paper" - or note count... [LARGER AND LARGER VALUED ARE TWO VERY DIFFERENT MEANINGS.] going the other direction - in his own words "would not reduce the paper" - or note count... So - very good news and falls right in line with the reasoning for them taking the 50 Dinar note out of circulation. I can easily see why they did it now... a 50 doesn't conflict with a 500 - that is absurd... but to an Iraqi - the 50 and the 5 are trouble. plus - if they are going to wind up "equal to the dollar" - they don't really need a 50. [ARE YOU SUGGESTING THE VALUE WILL BE EQUAL TO THE DOLLAR?] I am not - according to various reports - they have suggested as much.

by **Kevind53** Sat Apr 11, 2015 4:12 pm

If they were going to end up "equal to the dollar" as you say, the 50 would be very much of need, but the 25000 would be so large as to be useless for every day transactions.

Guru BGG discusses RATE

Guru BGG discusses RATE

Guru BGG

Re: Guru BGG discusses RATE