Delta's In Disbelief Of The CBI Announcement!

by **RamblerNash** Mon Sep 17, 2018 11:20 pm

Delta

“The governor of the bank Ali al-Alaq said...: "The Central Bank to develop a plan to compensate the market small categories of local currency, as will be next month large quantities of huge ones," noting that "these quantities will meet the need of the local market for those categories of currency." ...here’s the most important question a lot of people are asking: Are the small notes the 250 to 500? We do believe no. I don’t believe that’s the case because, where’s the logic behind them printing AGAIN the 250, 500? ...We do believe this [is] the small groups, not the 250, and 500, and 5000. We do believe that they’re going to be the 50, the 100, the 200, that they did talk about. Iraq is exactly telling us what they are going to do. That they have a plan to modernize the existing currency, the ones that they’ve got right now, and delete the zeros. So this is one event.

...they cannot introduce the lower denominations, unless the rate has to change. We do believe this is two events in one day. They might even show us a rate before they introduce all those lower denominations. And this is how the phase-out of the the 3 zeros will start. ...those lower denominations, they’re going to have more value. And of course those 3 zero notes are gonna have more value, because they’re going to reinstate their currency. I mean just think about it, this is a big deal. If this isn't the moment that the Central Bank told us, then why all this hype? Why all this advertisement for it? ...why would they print a lot of small group with no value? ...We’re really expecting them now, because now they’re overdue. The reinstatement of the Iraqi dinar is overdue... ...it’s going to happen in this month, or even if they take it to October, it’s not a problem.

9/17/18