8-22-2012 Freebird: The deletion of the zeros will fight inflation, support the banking system, help to know the size of the wealth distribution, facilitate the banking system's ability to control liquidity, create financial surpluses that are used in financing and increase awareness of the banking system.
The IQD will be held as a reserve currency by foreign central banks and eventually will lead to full WTO membership. I'm looking for the CBI to make their move on the rate in September before they release the LDs.
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By January Iraqi citizens should have an increased confidence in their own currency, adopt the new store value and begin to de-dollarize. Until I see a reason to think otherwise I'm still going with September as the month when they will introduce the new currency.
A year after the CBI first announced Sept 2012 as the target date for the LDs, it's finally right around the corner. Keep the faith.
8-22-2012 Mountainman: Talabani is scheduled to arrive in Baghdad soon and then we should see an immediate announcement of the National Meeting. Everyone is on board finally. We've been waiting months for this and it's finally here. Going into September we find ourselves in an excellent position and I do think we may see the Central Bank release the lower denoms and raise the exchange rate after the National Meeting.
8-22-2012 ReVbo: "Maliki's UN Sanction Violations With Iran." Our Chairman of the Joint Chiefs, Gen. Martin Dempsy, is meeting with Maliki in the next couple days, and he says he's not even going to address this with Maliki. So, I don't think we're going to see any seriously bad news coming from this issue.
Surely, we've known about this for quite some time, and if we were going to make a big deal out of it, we would have already. Busting Maliki helping Iran may even be the best thing that ever happened to us, because now that he's broken the Iran sanctions, we own him.