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Enorrste says the 50k and 100k notes will come out within the next 90 days
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Enorrste says the 50k and 100k notes will come out within the next 90 days
Enorrste
I believe that a genuine plan that is logical and consistent has existed for nearly 8 years now and that, however slowly, it is finally coming to a point where it will begin to pay off for us all.
I don't believe that I am naive in being positive. On the contrary, I find that Iraq is an amazingly resilient country, irrespective of the problems that it faces, which are many. It seems to me that this "democracy experiment" has sunk deeply under their skin and they aren't going to give up on it easily. When placed up against ISIS's view of the world, it looks pretty good! ...articles indicate that the currency will be the best available in the world.
I'll stick my neck out with an OPINION: The CBI will not change the official rate.
Furthermore, the 50k and 100k notes will come out within the next 90 days and the paper currency will fall by 50% before the end of the year.
None of this will affect the money supply or the value of the dinar directly.
If, and this is a big "if", the security situation has improved by that time then I believe the CBI will change the exchange rate regime before the end of the year. If the security situation stays the same or gets worse, then we won't see much before next year. Of course I could be wrong.
Ponee- Admin
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Join date : 2011-08-09
Re: Enorrste says the 50k and 100k notes will come out within the next 90 days
Well we do know that the rate is likely to drop to 1300/USD since the CBI already stated that was their intent.
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