6-15-2012, IRAQI DINAR GURU GUESSES!!
6-15-2012 BWM if I had a quarter for every hour I was supposed to be at the bank I wouldn’t need an rv.
6-15-2012 Enorrste it is impossible to talk about a “raise” in the “value” of the dinar and talk about a LOP in the same sentence. A LOP is revenue neutral, whereas a revaluation involves a “raise” in the “value” of the currency. The removal of the large notes (remove the three zeros) does NOT affect the value of the currency. The RV (revaluation) which makes the small denoms have value (“about $1″ per CBI statements) DOES INDEED raise the value of the currency. However, after the RV, those who have some of the large notes will benefit, because THOSE NOTES will also RAISE THEIR VALUE, only at the NEW value of $1 per dinar. The confusion for those who view this event as a LOP is that they have consistently misunderstood the meaning of “remove the three zeros”. They think that the zeros are just LOPPED off, when in fact the CBI is quite clear that the “three zeros notes” will remain legal tender at least until mid 2014, AND that they will retain their value as legal tender.
6-15-2012 Adam Montana tarriffs are extra taxes imposed on goods… they don’t signify an RV. One could make the argument that it would be silly to add extra tax on goods that are out of the average Iraqi’s reach in the first place, unless there was a plan to increase the wealth of the average Iraqi in the near future… but the tarrifs themselves have nothing to do with the value of the currency.
6-15-2012 Med GREAT FIND…FROM THE MAJOR NEWS SOURCE…THE VOICE OF IRAQ. THIS TELLS THAT THE CENTRAL BANK IS FIRST DELETING THE ZERO’S FROM THE NOMINAL VALUE, THEN THE GOVT AND THE PARLIAMENT HAVE DECIDED ON THE THEME FOR THE NEW CURRENCY THAT WILL BE ISSUED AFTER THE NEW EXCHANGE RATEIN EARLY 2013. THEY…HAVE NOT STOPPED WORKING ON THE VALUATION OR THE REPLACEMENT OF THE CURRENCY POST RV. WE CAN ASSUME THIS IS THE TIME LINE…6 MONTHS OR LESS. GREAT NEWS.
Source: dinarguru
