_AJ’s Intel 12/30/11
Intel based upon this article: http://currencynewsmedia.com/Home_Page.html
This says it all!
"And the steps taken by the Central Bank to resolve the problem, Saleh said that «the most prominent treatment lies in the application of the deletion of zeros for the restructuring of the dinar and the equation of the dollarization phenomenon»."
Dollarization phenomenon, my you know what! The CBI is creating it! Period ending, for the sake of making big money on the IQD when they release the lower denominations after RV!
Let’s dollarize them, pulling the large notes out, then buy back the dollar using lower denominations of the IQD after RV. It’s that simple!
Read More Link on Right
Read AJ's Intel 12/24/11 under general discussion and you will understand what the above paragraph means. http://www.okieoilman.net/t14645-aj-s-intel-12-24-11
Again, if you are holding dinars, including people of Iraq, you are a winner! But if you are a person in Iraq holding dollars you will be a loser!
I do not believe the CBI has pulled enough IQD out of the market in Iraq yet and the other markets are not quite positioned yet, such as the USD being at the right value. The article states the US dollar is only about 40% in the Iraq market. I believe this needs to be 50% or higher for them to break even at 1 to 1 RV when releasing the lower denomination IQD, but if they RV higher that is no matter, especially at the numbers flying around on these boards. 40% will be enough!
God Bless all!