by Offshore-Wealth.com Thu 12 Feb 2015, 5:33 am
Interesting,
A lot of talk, a lot of articles, and all is good, but as we have all seen over and over again, what we see is not what we get all the time. Seeing an article or hearing an official make a statement which confirms what we have all seen in various articles is great, in a normal country, but we have all seen and heard it all when it comes to articles.
What it comes down to is one thing, seeing a low denomination note, as mentioned, as example, the 5 dinar would be confirmation of what? Well, it could be the obvious, a restored value well above the current rate, or is it something else? We just don't know for sure, and with all the lop, no lop, lop, no lop talk over all these years, or as I saw it, removing of the zeros, one way or another, this is an indication of change, and we are all open to change at this point, but still, no one knows what the change will mean until it is done.
Certainly it was a good tip off of change, why else would they mention a small denom of 5 dinar and 25 dinar, so they must be pending release, right? That is good to hear, and along with all the articles supporting this change, I am sure we are close to some major changes and my friend in Kurdistan is seeing less spending as citizens are holding onto as much dinar as possible, which is what we would be doing if we expected a major revalue of U.S. dollar as example. Imagine if we knew the dollar was to be backed by silver or gold again, rather than the worthless monopoly money we now have in our pockets. Or the reverse, the currency was going to be replaced, you would run to exchange for silver of gold, right?
Time will tell, but I was glad to hear of any change which is impending, now I just want to see it happen, not just read about this change. This could be the week, finally, so lets all hope it is and enough of this mystery novel, we are all burned out on articles of change when it has yet to happen. Maybe this time it will happen.
Success to all,
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» Mazhar Muhammad Salih: The Iraqi economy is able to withstand foreign currencies
» The House of Representatives ends the first reading of the draft law on the Media and Communications
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» The Ministerial Council of Economy issues decisions and recommendations for the development of Iraqi
» The Chambers of Commerce announce a procedure to introduce small traders into the Central Bank platf
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» Al-Mandalawi calls for monitoring the work of dollar selling outlets inside banks
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» Coordination Framework: Dismissals await a number of governors after the completion of the investiga
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» The President of the Republic: Terrorist incidents are rare in Iraq
» The Iraqi Central Bank issues a new statement on digital currencies
» Financial expert: Iraq's budget will not be affected by the reduction in the dollar exchange rate
» For the third day in a row..the Central Bank of Iraq's dollar cash sales increased
» Iraq retreats to second place in its oil exports to India for the fourth month in a row
» Siemens reviews its steps to develop the electric power system in Iraq
» The price of the dollar decreased by 5% after the central bank directed to devalue the dollar
» 8 trillion dinars needed by Iraq to establish new residential cities
» Parliamentary Finance: New promises to send the budget during the current week
» Water resources: Iraqi dams were not affected by the earthquake
» An economist for "Al-Iqtisad News": The real estate market in Iraq is living in a bubble stage
» The Iraqi Stock Exchange carried out more than 14,000 transactions worth 62 billion dinars during th
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» Governor of Diwaniyah Agency: Implementation of 45 projects within food security
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» The stability of the dollar exchange rate depends on the results of the Iraqi delegation's negotiati
» The Minister of Immigration stresses the necessity of communicating with the Ministry's categories o
» Iraq discusses economic cooperation with Russia and requests an end to the Ukrainian war
» Al-Maliki's coalition disavows "accounts that offend" the leaders of the Coordination Framework and
» The suspension of social networking sites throughout Iraq
» Sudanese adviser confirms the reduction of the exchange rate of the dollar
» The file of the return of the displaced is on the table of the Presidents of the Republic and the Po
» The State Administration Coalition is discussing the election law in preparation for holding it on t
» The Ministerial Council of Economy is considering activating the single window system for the indust
» State administration stresses the importance of strengthening bilateral relations with Washington
» Disclosure (attempts) to reduce the exchange rate in the budget to 135 thousand dinars
» Parliamentary Committee: The Retirement and Social Security Law will be voted on within a month
» Advisor to the Prime Minister: The exchange rate of the dollar will be reduced in accordance with th
» The dollar falls against the dinar
» The Minister of Labor announces the inclusion of this segment in the social subsidy
» The Minister of Justice makes a surprise visit to the Real Estate Registration Directorate in the se
» Al-Sudani confirms full readiness to hold local elections in an appropriate security environment
» The Minister of Environment receives the Egyptian ambassador to Iraq
» A parliamentary committee recommends the date of the vote on the Social Security Law
» Parliamentary Finance: The exchange rate will be 135 thousand dinars, compared to 100 dollars
» Including Iraq.. International reports identify the countries economically affected by the recent ea
» Exchange rates are falling from 160,000 dinars per hundred dollars
» The Federal Court begins its hearing with the decision to extend the work of the Kurdistan Regional
» Parliament adjourns its session for half an hour
» The Federal Court postpones the hearing of extending the work of the Kurdistan Parliament
» Why did Russia turn its face towards Iraq?
» International Monetary: The recovery of oil prices will not protect the Iraqi economy from shocks
» International criticism does not trust the ability of Iraq's institutions to advance the economy, de
» Fake loans amounting to 8.6 billion dinars in Anbar
» The Central Bank completes its study on reducing the exchange rate of the dollar and submits it to t
» The Minister of Labor regarding the targeting of his offices in Baghdad: You will not discourage us
» Iraq: American techniques to stop dollar smuggling
» Minister of Finance and Economy: We will distribute the salaries of Kurdistan Region employees elect
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» Dispute between Khatami and Mousavi over "regime reform"
» Iraq will discuss with America how to pay Russian energy companies
» Kurdish dissatisfaction with "administrative marginalization" in Kirkuk
» "1400 dinars to the dollar" .. The Iraqi Central Bank sends a new study to the government
» Iraqi Foreign Minister: We will discuss cooperation with Russian companies during our visit to Washi
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» February events.. The Office of Financial Supervision obliges the region's government to enable the
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» Influential elites and protected businessmen run drug smuggling deals in Iraq
» "Citizens' Needs" on the table of Al-Sudani and Al-Halbousi
» A government directive for Iraqi Airways to deal in Iraqi dinars instead of dollars
» Samsung Electronics launches a special campaign in Iraq
» Foreign Minister: We studied how to deal with the financial dues of Russian companiesproposals from
» In the presence of 11 countries.. An Iraqi military delegation participates in the "Dragon Group" me
» Dollar prices recorded a noticeable decrease in the local marketsproposals from
» To adopt the yuan currency.. Disclosure of "undeclared" negotiations between Baghdad and Beijingprop