10-28-12 LoriC: I believe all the experience newshounds can agree that there is something to the November statement from Saleh (Deputy Govenor of the CBI). It's not a coincidence that Shabibi was replaced then they are back on track talking about new lower denoms being introduced.
They are just being a little cautious how they word it so they don't alert the entire world a RV is less than a month away. Actually, if they are going to re-denominate in Nov then they have to RV/RI now or in the next week I would imagine. Sure do hope this stays on track this time. We've never been this close.
10-28-12 Freebird: There was some very exciting news this morning. Saleh announced that in NOVEMBER they will start replacing currency damaged with new ones from the small groups. They are saying this but using the excuse "damaged" bills. BUT WE KNOW BETTER.
Read More Link On Right
10-28-12 Freebird Continues: For over 2 years now the CBI has been saying introduce the lower denoms in September and when that didn't happen Shabibi was suddenly removed. My guess is because he didn't want to move on the project without a power sharing government but Maliki had him removed with bogus allegations.
Either way we're moving forward and Iraq will have to worry about their own corruption issues in the future. Iraqi citizens use the USD for local transactions so there is absolutely no reason to replace lower denom IQD which the CBI stated are used less than 1% of the time.
This is obviously a sign the RV is coming or at least the introduction of the new currency and we assume they will have to add value before they introduce the LDs. It looks like my September prediction was only off by two months. Keep the faith. Go RV!!
10-28-12 Jeepguy: Why would the CBI have to publish an article stating that they are about to replace old worn-out bills? There could be something stiring in the melting pot. The start of replacing all bills maybe?