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MIKE - the dinar isn't at risk or in decline
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MIKE - the dinar isn't at risk or in decline
MIKE
Article: “Iraq opens the door to possibilities deletion of zeros from the local currency” Context is important: "the rumors about the Iraqi dinar at risk and prone to degradation and decline in comparison with other currencies as dollar, is not true," adding that "Msatralih dinar fully and that in progress."
What he's trying to do is convince the critics that the dinar isn't at risk or in decline, his response to that criticism is that there are plans in place to strengthen the dinar, at the minimum, the dinar's MCP should be within 2%, not the 9% that it currently is today.
1-21-2017
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M0 money supply is my main sticking point to adding value to the dinar. I'm "all in" with the data from the CBI that relates to how much currency is out and I can't see a sudden rise in the dinar. Let's see what happens in the first or second quarter...
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