BGG With the recent news, I am so thankful I have all my affairs in order because there is no telling what is going to happen.
Article: "Central Bank of Iraq To Issue Large Value banknotes"
This is really the biggest news of the day. In context it says "large value banknotes"...it is plain what thought they are trying to transmit to the average Iraqi...they are implying there will be higher or more value to their currency.
I don't think we will have long to find out.
[we are still in a good place w/this investment IYO?]
tman23 ABSOLUTELY! WHY WOULD ALL THE ARTICLES BE DEMANDING REMOVE THE ZEROS...FROM PARLIAMENT...IF SECURITY WAS AN ISSUE? WHY?
Q: [So they want to Increase their money supply or no?]
wmawhite It is a fine line...they need the notes in order to buy/sell...However, the fewer notes country wide the more value there is.
Folks, all this talk in Iraq about the currency/notes is really not about what we want. It is needed in a sense because they will need the correct mix of notes in order to participate within the economy. However, when they speak about value with smaller notes, then that is dependent upon the value of the IQD outside of Iraq ...
Keep in mind when you hear "increased purchasing" power that only happens for the Iraqi when the costs of goods decrease, i.e. the prices on the shelves go down. This will happen when the currency that is buying those goods increases in value. the reason this is such a requirement is because 90+% of all goods in Iraq are purchased outside and imported.
Folks, for the last 9 months the dollars that you own have actually increased in value over 25%. However, the notes I have still had the same numbers on them. My checking account did not increase either. In other words, the USD became stronger but we didn't notice it inside of the USA.
However, had you flown to any other country and exchanged the USD for that country's currency you would have received much more than a year ago.
So, when the value of the IQD increases it will be noticeable over many months in the jobs and stores inside Iraq. The big change will not be of benefit to the Iraqi unless he travels outside of Iraq and exchanges the IQD.
Q: [Are you expecting this to start out at 86 cents?]
wmawhite JIMO...the like value of $43.00 is just an example it will take much more than $0.86 to get those prices down to make it seems as $43.00. In other words, much greater than $1.00.
Already Blessed : PLEASE REMEMBER - WE CAN ONLY GIVE WHAT WE ARE HEARING AND THAT CAN BE TOUGH TO SEE THE LATEST AFTER A 3 DAY WEEKEND.....BUT THINGS HAVE CONTINUED TO IMPROVE ALL DAY AS MORE INFO HAS COME IN ....SO IT IS ALL GOOD....
THE PROBLEM WITH HEARING SO MUCH INFO IS NOT ALL OF YOU CAN HANDLE THE HIGHS AND THE LOWS OR THE GOOD INTEL ALONG WITH THE NOT SO GOOD INTEL! SOUNDS PRETTY GOOD RIGHT NOW TO ME!
WE ARE ALL BUMMED OUT THAT IT DIDN'T HAPPEN AS EXPECTED OVER THE WEEKEND BUT THAT WAS THEN AND THIS IS NOW AND IT IS STILL MOVING AND STILL COMING TO A BANK NEAR YOU :) NO, I DON'T KNOW HOW NEAR :)
Daz: MANY ARE MISSING THE GREATER POINT.....IT WAS PUSHED TO FULL CONNECTIVITY INTERNATIONALLY OVER THE WEEKEND...THATS MY FOCUS. THE REST IS JUST THE MINUTIAE OF THE DEAL.
Iko Ward: Most folks aren't wired to handle adversity without some form of leadership. So its up to the leaders in chat to help others when the going gets tough. DAZ nailed it when he focused on the entire system functioning, even for a short time.the world blinked and went live. It will do it again, soon
KTFA Tuesday Night Conference Calls
The first part is Bible Study and the second part is Dinar/Iraq Intel.
Approx. 128 minutes long
PLAYBACK # : 760.569.7699 PIN: 156996#
[damsel] “A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly.
But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself.
For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men.
He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murderer is less to fear.” ~~ Marcus Tullius Cicero~~