Sep 6 10:40 AM [Agent 007] [gankans] Morning!
[gankans] I wanted to clarify a few things about the worries for some.
[gankans] "Khalil, MP for the Kurdish coalition, said that "a promising future awaits the new Iraqi dinar, which will be the strongest currency in the Middle East"
[gankans] "The decision of the Economic Committee in the Iraqi parliament on Saturday that the deletion of three zeros from the Iraqi currency will increase the confidence and international credibility in Iraqi currency, noting that the Central Bank of Iraq has a real strategy on the matter, adding that the dinar Iraq will be the strongest in the Middle East."
[gankans] Now.... Why would they just redenominate a currency after they have clearly stated here and many times over in many articles and other official documents? Because they will not Just redenominate the currency!
[gankans] Folks, if you have government officials saying this and you have many other economic factors showing that they are improving in every area financially.
[gankans] Core inflation is one of the reasons they need to revalue the currency. M2 growth is going up each month! It sits at 11.5% right now.
[gankans] The GDP is significantly high in comparison to it's middle eastern counter parts, and is one of the best in the world.
[gankans] Their debts are minimal, because they already compromised on the debts they owe.
[gankans] They have $50 billion in Net foreign assets! That's $50 billion folks! It is normal for a country to print lower denominations of their currency. Only makes sense. tell you that the outlook for the country of Iraq is very promising and they are going to be one of the wealthiest nations in the world.
[gankans] Again....These are common sense items I am telling you.