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 Your thoughts on this piece please

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bs4ever

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PostSubject: Your thoughts on this piece please   Sat Feb 08, 2014 11:32 am

XE.com is a legitimate currency website publishing exchange rates.
This is not supposition or some Guru fantasy.

rfer.org is where I was directed after seeing this on xe.com

" For more information about the redenomination, read "Iraq Planning Currency Re-denomination."

This is the information all of us would be interested in

"In 2010, the Central Bank of Iraq announced their plans to redenominate the Iraqi Dinar to ease cash transactions. The intention would be to drop three zeros from the nominal value of bank notes; but the actual value of the dinar would remain unchanged. Although the announcement stated that the change would take place by the end of 2010, no redenomination took place"

THE VALUE AFTER RD WOULD REMAIN THE SAME....This is inconsistent to logic is it not?

http://www.rferl.org/content/Iraq_Planning_Currency_Redenomination/1950504.html

Which came from here

http://www.xe.com/currency/iqd-iraqi-dinar#additionalinfo
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PurpleSkyz
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PostSubject: Re: Your thoughts on this piece please   Sat Feb 08, 2014 1:25 pm

Good question bs4ever!

Thanks for the link and post.

I guess it would depend if logic brings one to believe it is all just a brilliant scam.


  

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bs4ever

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PostSubject: Re: Your thoughts on this piece please   Sat Feb 08, 2014 3:07 pm

Thank you Purple

My logic is this, if they take away three zero's and keep the same value...it is a massive devaluation causing inflation and anarchy.
It is no secret for some years now Iraq has desperately wanted at least parity with the petrodollar, now that is as good as finished I suspect they will look at the Yuan as a benchmark, and if they do therein lies a whole new pandoras box of maybe's and what if's


"आप सिर्फ यह है आप नहीं था क्या मतलब है यह देखने के लिए किया था"
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