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11-23-2015 *Kaperoni

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

11-23-2015 *Kaperoni

Unread postby Vixen » Mon Nov 23, 2015 11:13 am

11-22-2015 *Kaperoni ~it would make little sense to issue any lower denomination until the dinar appreciates to a point in which they are useful. And I do expect that they will move from the peg to the float before 2017 (probably by mid 2016). Here is the direct quotes from the CBI as far as timeline for the notes..."the Bank is working on the mechanisms used to implement this project is expected to start by the beginning of 2017," or "likely work on the project early in 2017." ...two articles also say that only a 50, 100, and 200 would be introduced at that point. One can make an educated guess as to a rate then based on those denominations the dinar would only be worth about 5 cents or so (any more would require even smaller denominations, any less no need to issue). The reference in this article to me is only a general statement as to the value of notes that eventually will be out, not that specifically that they would all be issued at that time. In fact, we know that is not true based on the two CBI articles posted. That being said, who knows how fast the dinar will rise once they get off the peg.

11-22-2015 *Kaperoni ~Article: "Central bank: we oppose calls for reducing the rate of exchange for reforms" Good to hear again there is no plan to reduce the value of the dinar despite those who want to (Turki).

11-23-2015 *Kaperoni ~Article: "Central working on the application of parallel policy to keep prices and curb inflation" Iraq needs money, they are going to be forced one way or another to activate the tariffs, market economy, and follow the IMF.
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