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Kaperoni says that once the three zeros are gone then they can raise the rate
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Kaperoni says that once the three zeros are gone then they can raise the rate
Kaperoni
Article: "Parliamentary Finance: Print new monetary categories in preparation for the deletion of zeros from currency" Quote: "the new denominations to be printed will be of category 50 100 thousand Iraqi dinars." Until it happens and its discussed on TV for the citizens I question it. Even though it might reduce the physical paper, it makes little sense. If citizens don't use banks and keep dinar in their mattresses, all that will happen is they will trade a few 25k notes for these new 50k and back to the mattress they go. The end result will be even bigger problems once they start to raise the value. IMO, the best solution is to reduce the paper and the money supply through the liberalization of the foreign exchange...Once they have the majority of the 3 zero notes off the street, they can switch exchange regimes and start to raise the dinar. Simple and effective.
Ponee- Admin
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Re: Kaperoni says that once the three zeros are gone then they can raise the rate
"The end result will be even bigger problems once they start to raise the value."
This is exactly why the dinar we hold will never never never fluctuate more than a few dinar here and there every now and then. In fact, if the recent news reports are accurate, it will soon be going from 1166 to around 1300 dinar per USD. For anyone to believe it will ever do much beyond this small fluctuation it is only wishful thinking that will disappoint in the end.
The 3 zero project has been put off indefinitely and therefore there is no such thing as lower denoms in circulation yet. This is the very reason for putting out the 50K notes. They would be foolish to put these out if they were going ahead with the 3-zero project. It would be a waste of money printing them.
And w/o the 3-zero project, there is no RV of any significance. It's just not possible because it will be the lower denoms that will see the .86+ value if and when they come out.
This is exactly why the dinar we hold will never never never fluctuate more than a few dinar here and there every now and then. In fact, if the recent news reports are accurate, it will soon be going from 1166 to around 1300 dinar per USD. For anyone to believe it will ever do much beyond this small fluctuation it is only wishful thinking that will disappoint in the end.
The 3 zero project has been put off indefinitely and therefore there is no such thing as lower denoms in circulation yet. This is the very reason for putting out the 50K notes. They would be foolish to put these out if they were going ahead with the 3-zero project. It would be a waste of money printing them.
And w/o the 3-zero project, there is no RV of any significance. It's just not possible because it will be the lower denoms that will see the .86+ value if and when they come out.
greenlight- VIP Member
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Join date : 2011-06-18
Age : 68
Location : Canton, GA
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