Iraqi Dinar Discussion Board

[ema-266]

14carrot..about a "reprint"

Your friends info was right, but yet wrong. You see, Iraq DID do a reprint! That reprint was of the old Saddam Dinars and the New Iraqi Dinar the (NID) was put into effect in January 2003.

The NID was placed at a low fiat rate that was to be held stable for 3 years per the IMF.

This was done to give the nation of Iraq time to sort out the good guys from the bad and to also give time for a strong Central Bank to be established and for a democratic government to get up and running.

This low fiat rate was put into place to in effect freeze the economy of Iraq.

This was done to prevent the good people from fleeing and thus creating a chaotic exodus nightmare for the world.

Also by freezing the NID at a low fiat rate it prevented the terrorist within Iraq from funding the insurgents.

Now that Iraq has proven to the IMF that the Central Bank of Iraq, the (CBI) can keep the books, banks and rates in control, they the CBI can now return to the true rate of the Dinar.

So yes..your friend WAS right about a reprint but your friend was wrong in the fact that this reprint has happened..3 years ago!

The big thing we are waiting for now is the news of the Hydro Carbon Law the HCL

Once the HCL is in effect then the FIL and the ICI can all be activated and thus open Iraq to open trade with the world.