Sunday, April 21, 2019


 Article quote:  "The Central Bank of Iraq (CBE) launched a branch of the Basra branch on Thursday to develop a window from the issue division to provide small groups of 250, 500 and 1,000 dinars."  

 This is really the only article worth showing today of any real value to us as investors. So we know that these other smaller category notes such as 25, 50, 100 etc.. are not NOT yet launched.  ...

They are NOT yet out. ...this article is proof enough that the only smaller categories out are still these 250, 500 and 1000 notes.

  Iraq has been sucking in these large 3 zero  notes “unofficially” when they went to electronic payment system. By means of not redistributing these 3 zero notes over and over again during payrolls, they essentially were able to collect nearly 2/3 of them and get them out of circulation. 

The remaining 1/3 the CBI says will remain in circulation and “coincide” with the newer smaller category notes.

 So far they are using three denominations of the lower categories 250, 500 and 1,000. 

We wait for the CBI to make the next move and launch the other needed smaller categories. This is when we go to the bank. 

They will have to raise the RATE (of exchange).

Note I did not say VALUE since we all should know the value is already in the Iraqi dinar. 
What we want is a reinstatement to the global currency exchanges and with this a justified new rate to coincide and to reflect with its current VALUE.  

No comments:

Post a Comment

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