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Breitling explains the difference between Iraq and Turkey
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Breitling explains the difference between Iraq and Turkey
Breitling
Here’s the difference between Iraq and Turkey…the one thing you need to understand is that Turkey got rid of the three zeros on it’s notes. In other words their note count never changed.
They never took any notes out of the market…why is Iraq taking physical notes out of their market? ...Turkey took three zeros off their currency, they didn’t take any physical notes out…they pretended they reduced the note count by taking the three zeros off the notes.
We know Iraq is not doing the same thing. Why? Because they physically took notes out of circulation. They already retired the 50 dinar note. So they went from 9 billion notes to 6 billion notes.
Did they take any zeros off in that process? No! They went from 6 billion to 4 billion.
Did they pretend there were any zeros off their notes at any time? No! Did they retire any notes that they had out there? Yes…they retired the 50 dinar note.
How people don’t see the difference..either they don’t or it’s just too much to handle. This isn’t for everybody…It can’t just be on hope and prayer cause you end up loosing.
There has to be logic somewhere.
Ponee- Admin
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Join date : 2011-08-09
Re: Breitling explains the difference between Iraq and Turkey
What a numbnuts. Turkey took all of the notes off of the market. THEY REDENOMINATED TONY!!!! They removed all of the old Turkish lira and replaced them with the new Turkish lira at a ratio of one million old for one new. And they didn't remove three zeros ... they removed six! Do some research before you open your idiotic mouth you jackass!
Iraq is reducing the note count because they decided to get rid of the 50 note (you know, the lower denoms you told people to buy in case the three zero notes get removed) and introduce 50K notes, but they aren't reducing the money supply. It's still at 65 trillion. No central bank goes by note count when they assess a value to their currency. They go by money supply. $57 billion in foreign currency reserves divided by 65 trillion = less than 1/10 of a penny, which is the current valuation. There's no RV there.
Iraq is reducing the note count because they decided to get rid of the 50 note (you know, the lower denoms you told people to buy in case the three zero notes get removed) and introduce 50K notes, but they aren't reducing the money supply. It's still at 65 trillion. No central bank goes by note count when they assess a value to their currency. They go by money supply. $57 billion in foreign currency reserves divided by 65 trillion = less than 1/10 of a penny, which is the current valuation. There's no RV there.
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