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Breitling says it is a 2-3 year process--removing notes and increasing value
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Breitling says it is a 2-3 year process--removing notes and increasing value
Breitling
Guru Roger interviews Breitling: [Tell me what's going on with the 50 dinar notes.] It's part of their policy to reduce the note count. This is something we've been watching for a long time. The most amount of notes they had was about 9 billion notes that represented 30 Trillion Dinar…1 note has 25,000 thousand dinar in it…a 25K note. They are reducing the note count...the wealth that's represented by that note get's crunched up into small and smaller amount of notes…that's where the wealth is always going to come from. It always works like this…Right now the US is adding currency to it's economy so the value of the dollar is going down. With Iraq you have to believe they are going to reduce the note count…They decided to get rid of the 50 dinar note and this reduces the note count. Guru Roger interviews Breitling: [People would think, Oh no, the 50 is going away. that must mean for sure that they are not revaluing the currency or the currency is not going to go up anytime soon…what is your response to that?] If they were going to take your and my dinar and they were just going to put a new currency out there then they would have done it in one shot. There's no reason to keep certain notes on the market…They got rid of the old Saddam Currency all in one shot…it was all done in six months. They [Iraq] are talking a 2 or 3 year process and they are going to remove one note at a time as the value is added to the currency. they told everyone what they were going to do...
Ponee- Admin
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Re: Breitling says it is a 2-3 year process--removing notes and increasing value
Sounds right ... at first blush, but if you are removing currency to increase it's value, it would make no sense to remove the lowest denomination currently in use. Common sense would dictate that as the currency increased in value, the demand for that currency would increase.
His comparison with the USD is also invalid since the USD has been trending upward against all major currencies for over a year.
His comparison with the USD is also invalid since the USD has been trending upward against all major currencies for over a year.
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Kevind53- Super Moderator
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Re: Breitling says it is a 2-3 year process--removing notes and increasing value
Always has to be an excuse as to why it didn't or doesn't happen- And when that time span has ended, it will be another back peddle, lie, or something else-This shit will continue long after we're dead and gone, count on it- They got NOTHING, and neither will we-
Terbo56- VIP Member
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