1-22-2019 Newshound/Intel Guru Mnt Goat

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Post  Admin on Wed Jan 23, 2019 8:19 am

[Will by deleting the zeros it makes the currency stronger , therefore making our investment more valuable?]  Yes, by deleting the ZEROS this will make the currency stronger thus also our investment. On the surface it looks like your 1,000 dinar note would only become worth only 1 dinar. But what most forget or don’t know is that the two currencies will “coincide” together for up to 10 years. That means the older 3 zero notes and the newer lower category notes will both be in circulation at the same time...  [post 1 of 3....stay tuned]

1-22-2019   Newshound/Intel Guru Mnt Goat   ...How can banks then differentiate the rate to the different notes? They can’t and so a dinar is a dinar. Example: So let’s say you took a newer category note of 1 dinar to the bank and exchanged it after the reinstatement. The new rate is 1: 3 meaning 1 IQD is worth $3 USD. You would get $3 USD. Then if you took an older 25,000 dinar note to the same bank they would have to apply the same FOREX rate of 1: 3 to this note too. They will not be able to differentiate. Get it? Thus you would get $75,000 USD in exchange. So yes, the currency you hold would be much stronger.   [post 2 of 3....stay tuned]

1-23-2019   Newshound/Intel Guru Mnt Goat   The CBI has told us in multiple articles that the 3 zero notes would be used later (after the event) almost exclusively for inter-banking transactions for trading.   Later these larger notes are NOT meant to be in the publics hands thus 10 ten years to get all of them (the remaining 2/3 out of circulation). So you as an owner of these larger notes, when you do to the bank, the banks will want these dinars since they will be VERY valuable. When we exchange our dinars, we are acting as we are bankers not ordinary Iraqi citizens. This is the key to understanding this exchange process and just because it is so different than other forms of re-denominations... [post 3 of 3]


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