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Governor of the Central Bank: 2016 will see a new Asaddarviat of paper currency to the Iraqi banknotes series

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tlm724

tlm724
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a very important line here :

"the issuance of two classes will not have a relationship to revive the Iraqi dinar against the dollar. "

there is no relationship between the issuance of this currency and the value of dinar. Do you really think the CBI can continue on with business as usual with the dinar ? No way I say, they already messed things up with the sale of the dollar. There HAS to be corrective action and I believe there is no way they will let the value of dinar contine to decline until 2016, 6 more months of that volatility would be disastrous, not happening IMO. This is a separate part of the currency reform and has nothing to do with allowing the value of the dinar to grow. I believe we will see an increase in the value in a very short time and then watch it grow from where ever the CBI decides to start. Just sayin... Wink


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Shredd

Shredd
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Agreed. The revival of the dinar will come afterwards. Kick back and relax...we've got a ways to go.


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