10-11-2018 Newshound/Intel Guru Mnt Goat
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10-11-2018 Newshound/Intel Guru Mnt Goat
...the day the reinstatement occurs and the rate changes they are NOT dropping the three zero's and 5,000 will not become 5 and 25,000 will not becomes 25 in-country or out of country. The CBI has told us many times over and over again in multiple articles that these older 3 zero notes will “coincide” with the smaller category notes. In fact just the other day an article came out and they reinforced this policy again. I quote from the article – “The Central Bank of Iraq issued its second edition of the banknotes of the categories of (25000, 10000, 1000, 500, 250) dinars, stressing that he will continue trading circulation of cash currently traded from the above categories with the new categories WITHOUT ANY INTENTION TO WITHDRAW FROM CIRCULATION.” [post 1 of 2....stay
10-11-2018 Newshound/Intel Guru Mnt Goat ...It is clear as day that these 25000 and 10000 notes will coincide with the 250, 500 and 1000 and even yet smaller notes later. The project to delete the zeros is now underway and has been underway. This is not about a LOP in or out of country. It is literally NOT going to drop the three zeros from the currency that already exists. This is a figurative statement in that the newer smaller category notes will REPLACE the older 3 zero notes in everyday, common use by the citizens. That is all this statement means. ...They then will have to raise the rate once the economy and political environment is “suitable” to do so. [post 2 of 2]
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