Iraqi Dinar Discussion Board

[Sunnybank]

Digital money? Believe it when we "see" it IMO. Can you say "bitcoin"? Sure, there's a slow movement in that direction, but if any RV is tagged to such an endeavor, I suspect we'll be waiting for our "blessing" for awhile longer. Dissenting views welcome. Yes, I know, bitcoins are a different entity, but the digital aspect is my point. GLTA!

9-12-2014 Newshound Guru Blue they are going to make it so that most citizens and merchants and taxi drivers, etc, are forced to use digital money. I dont know about the timing but overall that is what is gonna happen and why they can lift the rate any time because initially the USD can be used as lower denoms and it forces them into the banks and to go digital. Add in that as they all exchange their USD for the digital IQD...the CBI will rake all that USD on the Iraqi street back into their reserves becoming even wealthier with every transaction and digitizing their monetary system right off the bat. ALL JMHO. [post 2 of 2]

9-12-2014 Newshound Guru Blue [formerly BlueyesinLevis] ...most of Iraqis are NOT hoarding IQD and the currency is in tatters. They have exchanged their IQD for USD. Once the change happens...USD will be withdrawn and officially it will not be the coin of the realm any longer...the IMF has strict rules of Article 8 that must be complied with...the auctions will be discontinued. No longer will they have two currencies. Truth is they already have Lower denoms on the street...USD. But those days will be over in some period of time after the rate is lifted in whatever way they lift the rate...float ( Not...likely) or a staging rate or whatever. they will have to release their own lower denoms...but I guarantee you they will not print a boatload of them... [post 1 of 2...stay tuned]

Read more: www.dinarguru.com/#ixzz3D6i4F5oo