Iraqi Dinar Discussion Board

[Sunnybank]

I'm afraid this one makes some sense IMO...

9-19-2014 Newshound Guru Kaperoni Article: "Financial Expert: Subtract category 10 thousand new security precaution and to re-structure the expectations of the Iraqi currency" if the CBI's intent is to replace the existing notes with new (more secure) undated versions, there is no RV, float or any other change in value coming for at least a while (at least months). It would make no sense to replace these notes if they expected to introduce new lower denominations in the near future. In fact, the CBI has stated the replacement process will continue through the end of this year. That tells me...nothing is happening with the exchange rate in 2014! First and foremost the CBI is trying to strengthen the monetary policy (get citizens to use dinar, conform to IMF guidelines, build the banking system, reduce corruption, etc.) and then, once the GOI is formed, laws are passed and security is somewhat stable (ISIL delt with) i expect the CBI to transition to Article VIII and a new Exchange Regime which will begin to raise the value and solve the banking and monetary problems that exist....not to mention create the environment for a successful transition to a market economy. [post 1 of 2....stay tuned]

Read more: www.dinarguru.com/index.html#ixzz3DkyLdiT3