_Little bit of chat with Stevel and Ray
[desertdog] I don't think it will come in low and then increase after all the large dinar is in. Large investors would then be able to purchase tremendous amounts of the lower denoms and wait til it increases and make even more money. I think this
this is from stevei
[SteveI] After thinking about it, Ray is right. It would be worse coming out at a low rate and moving it higher. Remember, the IMF will not allow them to increase it but only a few percentage points for 90 days after they revalue
wait more from Ray Rays last sentence:
I think this would bankrupt Iraq.
what would bankrupt em ?
a low rate would, yes, people buying low denoms and the double dipping
(REBEL): well this looks exciting, but i do understand....
if we had 30 days to cash in large denoms at a lower rate, then we would have money freed up to purchase lower denoms, allot of money....bad for iraq