5-15-2015 *Kaperoni

[Vixen]

5-15-2015 *Kaperoni ~Article: "Parliamentary Finance: Print new monetary categories in preparation for the deletion of zeros from currency" Quote: "the new denominations to be printed will be of category 50 100 thousand Iraqi dinars." Until it happens and its discussed on TV for the citizens I question it. Even though it might reduce the physical paper, it makes little sense. If citizens don't use banks and keep dinar in their mattresses, all that will happen is they will trade a few 25k notes for these new 50k and back to the mattress they go. The end result will be even bigger problems once they start to raise the value. IMO, the best solution is to reduce the paper and the money supply through the liberalization of the foreign exchange...Once they have the majority of the 3 zero notes off the street, they can switch exchange regimes and start to raise the dinar. Simple and effective.