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6-23-2015 *Kaperoni

Rumors, Chats & Guru Predictions from other Dinar Sites. IDC does not necessarily agree with, or endorse any of these posts.

6-23-2015 *Kaperoni

Unread postby Vixen » Wed Jun 24, 2015 10:03 am

6-23-2015 *Kaperoni ~Article quote: "...delete the zeros of the Iraqi currency and a national project to feminine Iraqi currency, likely work on the project early in 2017." Though hearing 2017 is not good, this is a really good article. It once again confirms no LOP (a LOP would require all denominations to come out at the same time). It also confirms that the issuance of the 50k will move the process forward to delete the zeros. It also confirms that the rate must rise to at least a point where a 50, 100, and 200 would have usage (which IMO is about .10 cents). So this is more confirmation that the CBI plans to delete the zeros gradually, raise the value of the dinar, and begin doing so after they reduce the physical note count with the issuance of a 50k note (if they do this at all).it is nice to read that they will honor the larger 3 zero notes for 10 years again. That should give us plenty of time to watch the dinar rise once it starts to decide where and how we will exchange these notes...for sure the can has been kicked down the road starting back in 2012. But I believe that if they do issue the larger 50k note, the process is then non-reversible... because once they start reducing the physical note count there is no turning back. Hopefully I am correct and this project will finally get started so we all can relax and watch Iraq and the dinar prosper. The dinar float must start well before 2017 (probably early to mid 2016) in order for the rate to reach a point where a 50, 100, and 200 dinar note would be of use in the market (IMO around .10 cents).
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