9-18-2014 *Kaperoni

[Vixen]

9-18-2014 *Kaperoni ~Article: "Finance parliamentary likely to issue a new edition class (50) thousand dinars" ...if they issued physical 50k or 100k notes it is not good not only for us as dinar investors, but for Iraq's own economy. That is not what they are going to do. It contradicts everything Iraq needs to do for a transition to a market economy and more importantly integration of the banking system with the world economy. That is why they won't. What they will do is raise the value of the dinar (nominal exchange rate) and introduce notes that gives one "the feeling" of purchasing power equal to issuing a 50k or 100k note. In other words, they are trying to raise the value as so often stated at or near 1 to $1.