BGG says to loop():it's NOT A LOP - that is what taking a 25k (IQD) note to a 25 IQD note would be - and there's NO WAY...
loop says():A LOP would bring no economic gain for them.
BGG says to loop():So... if it's NOT NOMINAL VALUE... AKA - .0086 >> .86
and it's NOT A LOP... AKA 25,000 = a 25 IQD note...
then what is it??
and you were correct..
a removal of the bigger - 3 zero notes over a period of time...
loop says():And the articles clearly say the plan is to raise their economy.
BGG says to loop():the enticement?? We will have to see - likely a greater value (in all the notes) and a need to denominate in smaller notes for ease of spending - and that...
will do wonders for their economy.
loop says():yes it will..
BGG says to loop():Alak was direclty addressing - in his references to the notes being accepted for 10 years more - A CIRCULATION ISSUE - removing the 3 zero (aka - larger notes) from CIRCULATION.
Thanks for standing in
loop says():My pleasure.
john3629 says():Trump ?
MrsBGG says to john3629():Can you expand on your question or comment?
john3629 says():Will there be any impact in our investment.
BGG says to john3629():Trump what?
I doubt it - if anything - IMHO... those involved may move their time table ahead so their process isn't "jerry mandered" by another administration.
1bobby says():Ok so if we are under the assumption that they have been "deleting the zeros" by taking notes off the street, is this the byproduct of what they have been doing since we have never (or I haven't) seen wording such as this in this article. One more .
Why would they telegraph what they are doing as far as a change in value? I get the educating the Iraqi citizen aspect, but if in fact this is saying a change in value, would there not be a run on the currency? Is there any concern of the wording "remove the zeros from the Iraqi currency" Last one I promise.
Was this or was this not an offical CBI announcement (as some have said) and if so, would you expect this to be plastered all over the Iraqi news media site? Ok that was like 4 questions. Sorry just curious
john3629 says():I understand
1bobby says():And you've already answered most of that. I just didn't change any of it
BGG says to 1bobby():Ok - first line, I think we covered.
BGG says to 1bobby():they aren't telegraphing anything - they are educating their people.
there is a finite amount of currency out - they know what it is... they are prepared for this...
it is allocated..
BGG says to 1bobby():AND - if anything - the last year or so has been great for them... the Dinar investment community has gotten MUCH smaller. I don't see the kind of demand you are thinking... if they told us it would happen TOMORROW. What could you do about it - that might move the currency needle on a global scale??
I am not concerned about the wording... it's just fine.
1bobby says():Good enough. Thank you much appreciated
BGG says to 1bobby():It was an "official" leaked source - which is something they used to do a lot more of... (pre-Maliki era)...
jetset says to MrsBGG():no i was just going to add a comment but it was covered... I'm just enjoying the convo.
BGG says to 1bobby():AND - it kind of is... all over their news feeds - it's picking up steam right now... 4 or 5 version of the same report.
MrsBGG says to jetset():okay
BGG says to 1bobby():version(s)
BGG says to jetset():comment away...
prs says():DONT THEY HAVE LIMITS OK AMOUNTS OF DINAR YOU CAN TAKE OUT OF IRAQ NOW
BGG says to prs():why does that matter to us? Are we going there??
prs says():DO THEY NOW LIMIT THE AMOUNT YOU CAN TAKE JUST SAYIN
BGG says to prs():They do - but again, why does that matter to us??
Unless we were going or coming... other than that - little implication to us.
prs says():IT GOES TO THE IDEA OF THEM NOT BEING WORRIED
BGG says to prs():I promise you - they aren't worried. They weren't a year ago - and the playing field is MUCH friendlier to them now than it was then.
Dinarian1 says to BGG():So... Im a little slower than most... with all this said, based on what you know, again, could we be looking at an RV BEFORE end of year? Im not trying to put any hopium out there or back you into a corner for an answer, I am just trying to wrap my little mind around my original question... do they have to revalue BEFORE they start with the zeros? Thanks again!!
BGG says to Dinarian1():then lets not - directly. Shall we??
Dinarian1 says to BGG():(y)
BGG says to Dinarian1():Adding value is a part of the "note removal" process... without value - why would anyone want to carry a smaller denomination (No zero notes)??
Dinarian1 says to BGG():Agreed.
BGG says to Dinarian1():and secondly - I am skeptical about 1st Q 2017 - them telling everyone doesn't make a lot of sense - unless they do it earlier than that... AND they've already said it will BEGIN in early 2017. That's only 47 days away... I think I can manage until then.
MrsBGG says():Are there any other questions or comments?
Dinarian1 says to BGG():Thank you all for your endless work! I appreciate you more than you will ever know! May you and yours contimue to be blessed!
BGG says to Dinarian1():That pretty much covers it for tonite...
BGG says():I'll be around for a while...
MrsBGG says():Thank you'all for joining us for News Time!!
1bobby says():Ditto what Dinarian1 said. Appreciate the time and effort explaining the BIG article(s) as of late
Read More :http://www.dinarupdates.com/showthread.php?43650-NEWSTIME-WITH-BGG-AND-CO-Sunday-November-13-2016