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Enorrste discusses the notes
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Enorrste discusses the notes
by Ponee Fri Apr 01, 2016 12:02 pm
Enorrste
"Iraq paper from a class of 50 thousand dinars to support trade" [Stable enough is what the Iraqi leaders want, that is all. They are trying to bring in investment now.
Did you forget the liquidity issue they have...and the reserves being depleted. They must depeg from the dollar in 2016....not 2017.]
I agree... The 50k note "Approaches" the hundred dollar note in the sense that it is worth $50 while the 25k note is only worth $25.
The goal is to get the value of the notes roughly commensurate with the American dollar so that the desire for the dollar will decrease.
This, the 100k note will also have to be introduced. Then, when the demand for the dollar is diminished the float can commence.
I also continue to believe that the goal of the IMF remains paramount and that they are in control. The pressure on Abadi to perform while the same pressure is on the parliament to act appears to me to be external.
"Iraq paper from a class of 50 thousand dinars to support trade" [Stable enough is what the Iraqi leaders want, that is all. They are trying to bring in investment now.
Did you forget the liquidity issue they have...and the reserves being depleted. They must depeg from the dollar in 2016....not 2017.]
I agree... The 50k note "Approaches" the hundred dollar note in the sense that it is worth $50 while the 25k note is only worth $25.
The goal is to get the value of the notes roughly commensurate with the American dollar so that the desire for the dollar will decrease.
This, the 100k note will also have to be introduced. Then, when the demand for the dollar is diminished the float can commence.
I also continue to believe that the goal of the IMF remains paramount and that they are in control. The pressure on Abadi to perform while the same pressure is on the parliament to act appears to me to be external.
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Re: Enorrste discusses the notes
by Kevind53 Fri Apr 01, 2016 3:55 pm
I think I sprained my eyeballs they rolled so far ....
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