MilitiaMan says -- There has been no proof there is any new large notes injected into the economy.
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MilitiaMan says -- There has been no proof there is any new large notes injected into the economy.
4-12-2022
MilitiaMan
[Response to Guru Godlover below] It is a theory only as to the 3 zero note issuance. It could be exactly that, they didn’t print any new 3 zero notes just a fresh recirculation of what they have in stock to hold them over. They did say in so many words that there would potentially be arguments on the topic and for people to effectively be careful on the matter. Agreed if they printed more three zero notes and spent money to do so we would be able to see that.. I haven’t yet
My view is that there is way to much evidence that a change is coming and quickly... The liquidity issue if they haven't printed new money, it is an injection of already printed large notes. Fairly simple to me. It is gesture imo on their part to make sure the poor has liquidity. There has been no proof there is any new large notes injected into the economy. If there was it would not be at 1460 or 1470, it would be worse...At this stage, that is highly unlikely to happen...they are geared for a level playing field with a fully IMF compliant Article 8 currency...The WTO is in the wings as well. They will not fully be international until they are in compliance. imo The world is watching..
We can see that there is a need for an exchange rate change and quickly. The street is being harmed and they are going into protest mode again...There is a parliament in place along with a legal caretaker government to do day to day business. That day to day business includes actions pertaining to budgets. The 2022 budget has been in the news to be sped up and presented in short order, imo...
MilitiaMan
[Response to Guru Godlover below] It is a theory only as to the 3 zero note issuance. It could be exactly that, they didn’t print any new 3 zero notes just a fresh recirculation of what they have in stock to hold them over. They did say in so many words that there would potentially be arguments on the topic and for people to effectively be careful on the matter. Agreed if they printed more three zero notes and spent money to do so we would be able to see that.. I haven’t yet
My view is that there is way to much evidence that a change is coming and quickly... The liquidity issue if they haven't printed new money, it is an injection of already printed large notes. Fairly simple to me. It is gesture imo on their part to make sure the poor has liquidity. There has been no proof there is any new large notes injected into the economy. If there was it would not be at 1460 or 1470, it would be worse...At this stage, that is highly unlikely to happen...they are geared for a level playing field with a fully IMF compliant Article 8 currency...The WTO is in the wings as well. They will not fully be international until they are in compliance. imo The world is watching..
We can see that there is a need for an exchange rate change and quickly. The street is being harmed and they are going into protest mode again...There is a parliament in place along with a legal caretaker government to do day to day business. That day to day business includes actions pertaining to budgets. The 2022 budget has been in the news to be sped up and presented in short order, imo...
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» MilitiaMan: "In other words, they lifted enough large notes now so they can bring in the smaller groups"
» MilitiaMan claims -- They are in the process of gathering the large notes off the street. The more they get the better it may be for supporting the new rate
» Jeff says -- When the rate does change Iraq will...have large 3 zero notes and smaller notes...
» Small dinar notes cost more why
» Militiaman: "They took out the 1,000 - 10,000 notes and in the past we witnessed them destroying 25k notes" (How Are They Buying Food, Gas, And Beer? LOL) 10/26/21
» MilitiaMan claims -- They are in the process of gathering the large notes off the street. The more they get the better it may be for supporting the new rate
» Jeff says -- When the rate does change Iraq will...have large 3 zero notes and smaller notes...
» Small dinar notes cost more why
» Militiaman: "They took out the 1,000 - 10,000 notes and in the past we witnessed them destroying 25k notes" (How Are They Buying Food, Gas, And Beer? LOL) 10/26/21
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