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Kaperoni reminds everyone that this is not an over night event
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Kaperoni reminds everyone that this is not an over night event
Kaperoni
I am waiting to see if the CBI actually issues the 50k dinar notes this month as stated by MP Najiba Najib from the finance committee on July 2nd. ...currency reform must happen. It is really not an option or preference. The issue is how and when it will happen. [Is it more likely to start at 1166 or 10 cents?] ...currency reform is not an arbitrary number. A currencies exchange rate is based on many factors. So when it begins to rise, it will be because of several factors. Unfortunately, many don't want to believe that and are wishing for some "overnight" event. The good news is Iraq is trying to create the conditions to do the currency reform. The laws will be a big step in the right direction when they pass them...over 150 laws have been read twice and waiting for a 3rd and final reading.
I am waiting to see if the CBI actually issues the 50k dinar notes this month as stated by MP Najiba Najib from the finance committee on July 2nd. ...currency reform must happen. It is really not an option or preference. The issue is how and when it will happen. [Is it more likely to start at 1166 or 10 cents?] ...currency reform is not an arbitrary number. A currencies exchange rate is based on many factors. So when it begins to rise, it will be because of several factors. Unfortunately, many don't want to believe that and are wishing for some "overnight" event. The good news is Iraq is trying to create the conditions to do the currency reform. The laws will be a big step in the right direction when they pass them...over 150 laws have been read twice and waiting for a 3rd and final reading.
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