[lightingcslt] Friday, April 19, 2013 "CBI" will delete 3 zeros from currency And - The Finance Committee representative in Iraq, said that "the Iraqi Central Bank" will begin this year procedures deleting three zeros from the local currency,
saying that it would lead to the development of cash transactions and international economic, in a new development at the level of the Iraqi currency, which has suffered large waves of inflation and the decline exchange rates. LINK
[lightingcslt] shredd your take?
[Shredd] lightingcslt this is the same language in all of the articles we've commented on. In a new development at the level of the Iraqi currency,could easily read into that part
Read More Link On Right
[lightingcslt] Shredd so whats the first procedure?
[Shredd] preparations, introduction, then replace
[lightingcslt] Shredd don't you think they are already prepared?
[Shredd] possible, we just can't confirm
[lightingcslt] Shredd yes
[Shredd] I think the currency is minted since they spoke of the increments
[lightingcslt] Shredd iyo do you think they are?
[Shredd] yes but even if they aren't, it doesn't take long. It's just strange that even though the increments are decided, the cbi doesn't have the pics of them
[lightingcslt] Shredd ok so preparations are in line next will be introductoion which is lds?
[Shredd] imo, they will communicate that as soon as they can so as to educate the people and mitigate counterfeit initiatives
[lightingcslt] Shredd they have been educating the people for over 2 years now
[Shredd] yes but what we are seeing now is more clear.....increments, scenario of 1000 and 1 dinar. next should be images of new currency
[lightingcslt] Shredd which they already have told us in the last week or so
[Shredd] also, limits of what paper they can take out so as not to have a run on the banks stuff like that right Lighters so that's why its so exciting
[lightingcslt] Shredd so that tells me they are already printed
[Shredd] well, until we can see them, we can only speculate but again, even if they aren't it doesnt take long
[lightingcslt] Shredd yes very true
[Shredd] so no big issue either way imo
[lightingcslt] Shredd well they won't see them until they do change the rate right?
[lightingcslt] Shredd imo gonna be an interesting next week. So Shredd iyo I can't see this going into 2014 can you ? financially they can't afford to
[Shredd] well, I wont say that.....the thought of "they can't go until__________" has proved everyone wrong
[lightingcslt] Shredd true but.....they got to get off the dollar sometime
[Shredd] and they want to like I said in my article comments, we know so much more regarding timeline, they are saying this year or by 2014 so depending on the method ie free float, managed float movement could start happening soon ,I believe we are close to knowing more and thankfully, we here at BLC know what to look for
[lightingcslt] Shredd I concur
[Shredd] the guru followers only look at hopium lies and rumors, we look at the news, the laws, the politics the history of news and ascertain next steps. Well, so much more to gain in iraq besides the currency
[lightingcslt] Shredd oh very true... investments big time
Shredd and Lighters -out