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Saturday, November 14, 2015

MILLIONDAY TIDBITS, 14 NOV

MIllionday  Reposted:   THEY ARE PLANNING A COMPLETE ECONOMIC REFORM. 
THE ANNOUNCEMENT BY ABADI TODAY nWAS THE ACTIVATION OF THE ECONOMIC REFORM NOW --- IMO. 

MONETARY POLICY IS ON FAST TRACK...GLOBAL POSSITION.

Q:  [so if the IQD comes to a new value of $3 then that new 50K note will be not usable to the average Iraqi at over $150,000.00 US. Only use would be between banks...correct?] 

Millionday :   THE US DOLLAR RATE WOULD BE ONLY APPLIED OUTSIDE THE COUNTRY -- THE PRICES WILL DECIDE THE USE AND NEED OF SMALL DENOMS AND COINS ALONG WITH LARGE NOTES ETC WITHIN THE COUNTRY –

BUT THE EXCHANGE VALUE TO ANY OTHER CURRENCY HAS NO APPLICATION TO THE ISSUING OF NEW SERIES EXCEPT THAT IT IS PART OF THE ECONOMIC REFORM AS IS THE GOAL TO GO TO A MARKET ECONOMY AND ALSO THE RATES FOR INTERNATIONAL RATES AND MARKET FIGURES, BANKING ETC.

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