Guru Jeff says - "if they're telling you 2 currencies will coexist that means they stand valid & legit..doesn't mean a 25k became a 25"
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Guru Jeff says - "if they're telling you 2 currencies will coexist that means they stand valid & legit..doesn't mean a 25k became a 25"
by Ponee on Mon Sep 02, 2019 7:55 pm
Guru Jeff
How is Iraq going to fund this?
There is no funding in this. It's a currency swap. Nothing more. It's real simple. In the beginning you traded US dollars to get dinar. On the back-end you're going to trade dinar back in for US dollars.
No body is funding a damn thing. It's called a currency swap...there is no "funding" of anything. It's a currency swap. This doesn't cost Iraq a damn thing to do...
if they're telling you two currencies will coexist that means they stand valid and legit...it doesn't mean a 25k became a 25...
They flat out told you the two currencies will coexist. That means the large notes are still valid. And the small denoms after the rate change are still valid. There is no other direction you can go with this...because they're different sized notes that have different values. A 25k note still is a 25k...a 25 note is just that, it's a 25.
There is no grey areas...as an example, if the USD value...was $3 then it's very simple. A 25k times $3 is now worth $75,000 and a 25 times 3 is worth $75.
It's that simple.
09.01.2019
How is Iraq going to fund this?
There is no funding in this. It's a currency swap. Nothing more. It's real simple. In the beginning you traded US dollars to get dinar. On the back-end you're going to trade dinar back in for US dollars.
No body is funding a damn thing. It's called a currency swap...there is no "funding" of anything. It's a currency swap. This doesn't cost Iraq a damn thing to do...
if they're telling you two currencies will coexist that means they stand valid and legit...it doesn't mean a 25k became a 25...
They flat out told you the two currencies will coexist. That means the large notes are still valid. And the small denoms after the rate change are still valid. There is no other direction you can go with this...because they're different sized notes that have different values. A 25k note still is a 25k...a 25 note is just that, it's a 25.
There is no grey areas...as an example, if the USD value...was $3 then it's very simple. A 25k times $3 is now worth $75,000 and a 25 times 3 is worth $75.
It's that simple.
09.01.2019
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