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mike: Iraq needs to do some things before the dinar will gain in value

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Post by RamblerNash Wed Jan 18, 2017 9:27 pm

mike   

Article:  "Iraq opens the door to possibilities deletion of zeros from the local currency"  Quote:  "...the Iraqi Central Bank did not specify a date for the deletion of zeros from the currency dinar," noting that "subject to availability of appropriate conditions, including the general stability in the country."   ...the CBI is working towards adding value to the dinar...the CBI didn't specify a date, they're still waiting on appropriate conditions and they want to make sure all their T's are crossed and their I's are dotted before they start. I think it's pretty safe to say...that Iraq needs to do some things before the dinar will gain in value:  1) Get the MCP below 2%   2) Remove Exchange Restrictions   3) Pass the long overdue legislation related to the the banking and economy verticals. 4) Create the open market that's necessary to increase demand.

1-17-2017

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