InvestorsHub Logo
Followers 2
Posts 1353
Boards Moderated 0
Alias Born 10/16/2006

Re: cableguy post# 509

Thursday, 01/06/2011 6:54:09 PM

Thursday, January 06, 2011 6:54:09 PM

Post# of 519
Here’s the problem… most Iraqis still like to deal in cash. With the 25K note ($21.25) being the biggest, it makes it tough to buy big ticket items. That’s a lot of bills to carry around to purchase something that cost $1000. So the people want a bigger bill. The CBI wants to lop now, they are just waiting on Parliament to approve it. I think the CBI floated this 100K note rumor out there to light a fire under Parliaments’ arse. Saying either hurry up and approve the lop or we’re gonna put out a 100K note.
When the lop happens and they issue a new currency, they will probably have a 100 dinar note.

Dow Jones Newswire: A current 25,000 Iraqi dinar banknote will become IQD25, and a dollar will equal only 1.17 dinars.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.