Dinarland Highlights – 9.13.21
You already saw it [the monetary reform information] in print and you’re going to see it in print again and you’ll see it again and again until they decide to show the new small category notes to the citizens and possibly at the same time show them the new exchange rate.
“Just flip the damn switch and raise the exchange rate to 1 to 1 then float. It will rocket shoot upward above Kuwait’s rate…“
Just switch the damn rate? No. What do I call the monetary reform? Do I call it a date? …Have I ever given you a date? …I’ve given you time frames to consider but very rarely. What do I call the monetary reform? A process. It is a process. It’s not like turning on a light…
What they’re going to do is make sure that their economy is on solid ground before they make any real significant changes to the rate which is important. We want them to develop their private sector. That looks good.
If they were to do something huge how would they go about it?Look back to 2003 when they did a banking overhaul/new currency…LA Times…How they did it…basically you take your stack of 25000 dinars and now you get 25,000 dinars but in smaller categories. Maybe you get 20000 back plus 5000 in smaller bills…That’s pretty much what they did. [In 2003 going from Saddam notes to current notes]. It was successful. Everything was fine.
retweet: Masrour Barzoni PM of Kurdistan Region of Iraq “Parliament has backed this cabinet’s actions to get rid of barriers to new businesses. We’ve cut processing from 32 days to 1; visits to govt offices from 50 to 1; and cost by over 90%. We’re paving the way, so our entrepreneurs can build a better future for Kurdistan -mb“.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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