6-1-2015 *Kaperoni

[Vixen]

6-1-2015 *Kaperoni ~Article quote: "Said Governor of the Central Bank of Iraq...that early 2016 will see the issuance of new categories of paper currency is the dinar and 50 000 100 000 dinars, the Iraqi currency notes series." To me this means - that this step will be the beginning of the currency reform process that will occur in 2016. Well, if you believe what he is saying it looks like we wont see these larger notes till beginning 2016. That also means any further reform (deletion of zeros) apparently won't start until at least mid next year. They have waited years to return to prosperity and they are kicking the can down the road. I guess parliament has time now to pass those stalled laws. ...unfortuately this appears to be the decision. That being said...that decision has merit...as they will insert this step prior to the beginning of the delete zeros process to reduce the "flabby" money. As [Guru] Enorrste has stated, reducing the physical note count is real and as well, hopefully gets citizens off the dollar. If it works, it will certainly help them as they prepare to delete the zeros shortly thereafter.