Re: Article: Parliamentary Finance for "Light": The government will offer two categories of 50 thousand and 100 thousand in the markets LINK
Harvestime: Frank, I do have in my notes from a Team CC in July that IYO the 50k would come out for RI and the 100k would come out for RV.
You stated these are not for the citizens.
Today we have an article discussing these currencies being released. Interesting this is occurring immediately after the Anti-Money Laundering Law was passed, and corrupt government officials have lost their positions.
I think the puzzle pieces are coming together.
Drdonar: There is an article from 2012 from Saleh, when he was 2nd to shabibi at cbi...it explains how the 50,000 iqd note will actually have the VALUE of 50,000 iqd, but will not have the three zeros on the note, and it will be worth about $43 USD.
Alan: 43 USD.... close enough to 1 to 1 in my scenario. Could you imagine how many people would buy up dinar if Iraq actually came right out and said "were going to revalue our currency 1 to 1 this year".
Parliamentary Finance for "Light": The government will offer two categories of 50 thousand and 100 thousand in the markets
September 16 / September 2015
Light News / Baghdad
Parliamentary Finance Committee revealed, on Wednesday, the determination of the Iraqi government to ask the two categories of 50 thousand and 100 thousand dinars in the market, noting that the 50 A category will go soon, while the 100 A class will be in the next year, while confirming that put these two categories will not affect the monetary value of the Iraqi dinar.
He said the Commission's decision Ahmed Haji Rashid in an interview for "light News", that "the Iraqi paper category compared to a few low other categories, for example, that the highest category we have is 25 thousand dinars, compared to the dollar as a class $ 100, the single sheet of paper equivalent to five categories of 25 thousand dinars, Therefore, the Government believes that issued the 50 and 100 thousand dinars categories to avoid this. "
And on the date put these two categories, between Rashid, said that "all the procedures and preparations completed and is waiting to be offered to the market and was supposed to raise 50 thousand category in the month of July, confirmed the Governor of the Central Bank, it will go on the market soon, and the 100 A category It will go in the next year. "
And about their impact on the monetary value of the Iraqi dinar, he confirmed the decision of the Finance Committee, it "will not affect the monetary value of the Iraqi dinar, as the Iraqi currency is linked to the Federal Balaanaat difficult and gold coins, and these two are linked to the cash value of the Iraqi dinar." LINK
CSHessman: Ok, here is my thoughts on this article:
25k is [currently] the highest IQD denomination
$100 Is the highest USD denomination
Each 25K note is currently worth $21.44 USD @ 1166 [current exchange rate of the IQD]
It therefore takes FIVE 25k notes to roughly = $100 USD
Now, if/when they release the 50k and 100k notes, which according my notes, should come out as 50 aka [50,000] IQD and 100 aka [100,000] IQD notes; each will then have a "value" of 50,000 and 100,000 IQD respectively.
If the sentence above is true then 50 IQD would equal approximately $50 USD and the 100 IQD would = approximately $100 USD, thus coming to roughly a 1 to 1 [1:1] exchange rate.
Ok, now the exact numbers (values) might be a little off a little bit, but, if you can get past the numbers not being exact it might make sense right?
You are in the RED of the bullzeye Mr. Alan.