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Jeff -    ...something significant has happened on the CBI website... DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Jeff - ...something significant has happened on the CBI website...

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Jeff -    ...something significant has happened on the CBI website... Empty Jeff - ...something significant has happened on the CBI website...

Post by Ponee on Mon Apr 20, 2020 8:43 pm

Jeff

  ...something significant has happened on the CBI website...


what does it mean to 'delete the zeros'? ...it does not mean removing or withdrawing from circulation.  It's referring to deleting the zeros in the exchange rate.  .00084 is the value of the US dollar against the dinar...if we took the zeros off the exchange rate it would become .84 ...overall I call this a rate change process and it's taking roughly 5 weeks.  Why would it take so long?  This was a multi-step process...[CBI website: General Price Index of ISX] Iraq Stock Exchange...transitioned from millions to billions...this new change structure was posted as of 4-13 of 2020...based on the math the dinar is currently about 80 cents range...General index means it gauges a change in purchase power against the value of whatever currency it's reference...


04.20.2020

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Ponee
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Post by Justice12 on Wed Apr 22, 2020 9:00 pm

Correct, we are getting close. When ISX opens back
Up for trading on 4/26 it will gradually increase and the voting of the new PM’s cabinet on 4/27 is going to be significant and necessary to help with the stability of government to rapidly increase the value in the IQD

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