DINARESGURUS.BLOGSPOT.COM_________

Tuesday, November 17, 2015

MILLIONDAY & WMAWHITE TIDBITS, 17 NOV

Millionday (Reposted)    THIS IS WHAT CBI SAYS ABOUT THE 50,000 DINAR:  Quote:  "The Central Bank of Iraq, Sunday, that the issuance of 50 thousand dinars category paves the way for the deletion of zeros from the currency, and among it will reduce the demand for the dollar, he pointed out that there is no link to the financial crisis with the new version." 

 IT IS PAVING THE WAY TO PULL THE THREE ZERO CURRENCY AND IS PART OF THE NEW VERSION.  THIS WAS PART OF THE PLAN FOR YEARS. 

THE NEW DINAR SERIES WILL REDUCE THE DEMAND FOR THE US DOLLAR.  IT COULD TAKE A YEAR FOR IRAQ TO HAVE ALL THE THREE ZERO CURRENCY RETURNED TO THEM. 

THIS IS PART OF THE MONETARY STRUCTURE AND DEVELOPMENT.  THEY ARE INCLUSIVE OF THE SMALL DENOMS AND COINS ACCORDING TO WHAT I HAVE READ...  

THE PRICES OF PRODUCTS IS WHAT RAISES THE DEMAND FOR WHAT DENOM --- IT IS NOT A PROBLEM THAT THEY ARE RELEASING THE 50,000 -- IT IS PART OF THE ENTIRE PLAN --- MEANING THIS IS GOOD NEWS. 

THE BUYING POWER AND HEIGHTENED VALUE OF THE DINAR WILL BE A RESULT OF TRADE ETC BUT ALSO FROM THE GLOBAL PRICING INDEX BEING CALCULATED  
THE DEMAND FOR THE DENOMINATION COMES FROM THE PRICES AND A MARKET ECONOMY --- GLOBALLY --- REQUIRES FAIR TRADE ACCORDING TO THE INTERNATIONAL EQUATION THAT DETERMINES THE FLUXUATION ON THE FOREX MARKET FOR ALL CURRENCIES. 

THE DINAR WOULD NEED TO BE CALCULATED TO ITS TRUE VALUE FOR THEM TO GO TO A MARKET ECONOMY.  WE WILL HAVE TO WAIT AND SEE WHAT THE PLANNED RATE IS OF CBI. 

************

wmawhite  Question:  since 2004, how many times has the CBI changed the value of the IQD? Answer: seven (7). 

Now...most recently, we were told by a researcher that the CBI will NOT move the value of the IQD before floating it. It will just start floating. 

The problem is, the IQD is not floating today and the CBI has moved the value seven (7) times already.

 It is obvious to the uneducated as I am, that the CBI will move the value of the IQD, IF it believes it reflects the true value of the IQD prior to any float.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.