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Monday, December 31, 2012

The IMF confirmed a value of somewhere around eight cents a long time ago, 31 DEC

The IMF confirmed a value of somewhere around eight cents a long time ago
12-30-12 Rebel: Finally, someone with a little sense and helpful info shows up in a post! Kap, I really appreciate you info and thoughts. I think you are spot on with the two most likely options that are on the table. I agree with BlueDog on Shabs having reduced the dinar on the streets, but cannot get a handle on how much dinar is still out there floating around.
It is my understanding that the IMF confirmed a value of somewhere around eight cents a long time ago when there was supposed to be around 30 trillion dinar. A lot of things have happened since then, including but not limited to, significant O & G development and production, apparently significant gold reserves, infrastructure development, and much more.
It seems to me that IF the supply of dinar has been significantly reduced that something around a 1 to 1 could easily be justified and supported without creating major inflationary problems internally. It’s obvious they could save a load of money with a float, because at any price of a few cents and up to a dollar there are going to be a lot of cash-ins.
Anyway, it beats talking about bigfoot and other nonsense. Hope you and BlueDog keep on sharing your info and thoughts. Obviously, a lot of dinarians need to get a dose of reality on a regular basis.

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