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Enorrste: "it is clearly not in the CBI's best interest to just reprint more large notes at this time"
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Enorrste: "it is clearly not in the CBI's best interest to just reprint more large notes at this time"
Enorrste
Article: "The damaged cash currency is a problem for the Iraqi citizen" The fact that a large number of notes are damaged gives the CBI an excuse to draw them in so that they can be destroyed. The way to do this is to convince people to deposit their old notes into a bank. By doing so the people still have the value of the money without having the actual notes, which could then be destroyed by the CBI, thus lowering the money supply and putting upward pressure on the value. Whether this is the plan or not remains to be seen but it is clearly not in the CBI's best interest to just reprint more large notes at this time.
Article: "The damaged cash currency is a problem for the Iraqi citizen" The fact that a large number of notes are damaged gives the CBI an excuse to draw them in so that they can be destroyed. The way to do this is to convince people to deposit their old notes into a bank. By doing so the people still have the value of the money without having the actual notes, which could then be destroyed by the CBI, thus lowering the money supply and putting upward pressure on the value. Whether this is the plan or not remains to be seen but it is clearly not in the CBI's best interest to just reprint more large notes at this time.
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RamblerNash- GURU HUNTER
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Re: Enorrste: "it is clearly not in the CBI's best interest to just reprint more large notes at this time"
DUH!! Brilliant deduction, Sherlock, they are trying to get rid of the 3 zero notes, WTF would they want to print more for, anyhow? Use that knot on your neck for something other than a hat rack, for crissake-
Terbo56- VIP Member
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Re: Enorrste: "it is clearly not in the CBI's best interest to just reprint more large notes at this time"
Since no one trusts the banks, why would this encourage them to leave more notes in the bank, and since the value of the currency has not increased, nor is it likely too given the condition of the country and it's economy why would they print small denominations, unless of course they were planing a LOP.
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Kevind53- Super Moderator
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Re: Enorrste: "it is clearly not in the CBI's best interest to just reprint more large notes at this time"
Their country and economy is spiraling down the proverbial shitter, so in all actuality, small denominations of paper currency only makes sense, they don't have to carry as much, and would make it easier for them for everyday transactions- The 'OLD' 3 zero notes should be phased out, if they aren't already-Enorrste has always been full of shit, pay no attention to the dying 'eel' on the fishing pole of damnation- He is a farce, just like all the rest- The black death adder in Khuala Lumpur has nothing on him- BOTH poisonous and deadly-
Terbo56- VIP Member
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Re: Enorrste: "it is clearly not in the CBI's best interest to just reprint more large notes at this time"
hey enorrste it has never been the intent for Iraq to rv. why should they? look at how many millionaires in the goi then look at there people. next look at all the suckers that lend them money and get almost nothing back . they have no reason to rv except youpos gurus to sucker the sheep your only hope is if Iraq starts to riot now with iran
Jayzze- VIP Member
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Re: Enorrste: "it is clearly not in the CBI's best interest to just reprint more large notes at this time"
Now THAT would be a sight to see!! :okjh:
Terbo56- VIP Member
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