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Guru Kaperoni says that The replacement of the existing notes is a prerequisite! to deleting the zeros
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Guru Kaperoni says that The replacement of the existing notes is a prerequisite! to deleting the zeros
Guru Kaperoni
Article: "A member of the parliamentary Balaguetsadah: the project to delete the zeros is ready and needs to be applied five years" One thing is certain, you do no redenominate over 5 years. ...the market economy will not budge if they do not make monetary reform and open the banking system. That being said, we know the urgency for a market economy in Iraq. So, we can make a reasonable assumption that it will start soon. IMO, the key will be after the CBI feels they have replaced a good number the existing notes with the new "more secure" notes (CBI stated this will be done by end of year). This will give them solid ground to stand on during the transition process (exit Article XIV and move to Article VIII and a new Exchange Regime). And of course parliament must do its part...the laws. It looks to me the CBI is doing everything they possibly can to make this a "orderly exit" and transition. Quote: "calling: the central bank to speed up the issuance of these new currencies in preparation for the implementation of the project to delete the three zeroes from the currency" The replacement of the existing notes is a prerequisite!
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Re: Guru Kaperoni says that The replacement of the existing notes is a prerequisite! to deleting the zeros
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