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SteveI  says Iraq is postponing the intro of the 50K DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

SteveI says Iraq is postponing the intro of the 50K

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SteveI  says Iraq is postponing the intro of the 50K Empty SteveI says Iraq is postponing the intro of the 50K

Post by Ponee Thu Dec 17, 2015 10:54 am

SteveI  


[The hcl from what I understood...was supposed to follow the budget maybe tomorrow...?] 

Yes it is within the same time frame. All very good. Another very positive note that my contacts told me, is that Iraq is deferring or delaying or postponed (whatever word you choose) the introduction of the 50K note until January 2016.

This is great news because I think they will revalue the currency and scrap the 50K note. We are following this very closely.

This is really positive to me because if you are going to revalue, then why introduce it and just confuse everyone and draw it back in. 

This is starting to get very exciting my friends.

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SteveI  says Iraq is postponing the intro of the 50K Empty Aggiedad77 is storming his brain

Post by Ponee Thu Dec 17, 2015 11:00 am

Aggiedad77 


 The LAWS are done. The BUDGET is passed.  We know what to look for at the CBI...We know the auctions need to stop.  Long weekend coming up at the end of the month.

Dr. Shabibi should be happy....HAPPY NEW YEAR Iraqi Citizens. 

Taxes and Tariffs....oh yes....where...at the borders...when....soon. 

How does Dr. Shabibi plan to celebrate the New Year?  We could help him ring in a new rate.  Just storming the brain some here

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SteveI  says Iraq is postponing the intro of the 50K Empty Re: SteveI says Iraq is postponing the intro of the 50K

Post by dwm007 Thu Dec 17, 2015 11:23 am

It takes time to introduce a new note like that, they can't just dump Billions of new Dinars into the economy without sending inflation through the roof! It's a fairly complicated procedure, they need to remove as many Dinar as they introduce and as they have said they intend to remove worn 10,000 and 25,000 notes by replacing them with the new 50,000 notes instead of new 10,000 and 25,000 notes like they otherwise would have done. These are brand new notes that people have never seen before so counterfeiting is a real concern until people become acquainted with what the new 50,000s actually look like. This is just one issue that must be addressed along with getting the new notes distributed to banks, getting the banking systems set up to use a note that currently does not exist, etc, all this simply can not happen overnight. However once the new notes arrive at banks and the banking systems are set up to deal with this new currency the exchange will begin and should happen fairly quickly.

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SteveI  says Iraq is postponing the intro of the 50K Empty Re: SteveI says Iraq is postponing the intro of the 50K

Post by Kevind53 Thu Dec 17, 2015 11:59 am

This is great news because I think they will revalue the currency and scrap the 50K note. We are following this very closely.

Do yourself a favor and stop trying to think ... with a brain like yours it will only get you in trouble....

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SteveI  says Iraq is postponing the intro of the 50K Empty Re: SteveI says Iraq is postponing the intro of the 50K

Post by Terbo56 Thu Dec 17, 2015 1:58 pm

Or catch his 'toupee' on fire-He'd be a 'hot head, then, wouldn't he?
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