reinstated their currency
|
reinstated their currency
Meaning what?
Yes what do you mean?
:thinking: what, no blini? :headbang:
OOOOOOOooooookkkkkkkkkkkkkkk.....
Duuuude....what do YOU mean with that?
"We are ready for an unforeseen event that
may or may not occur." --Al Gore, VP :swear:
Reinstated, to reintroduce something: to bring something back into use or force again after it has been out of use. Its what they did in 2003 when they formed the new CBI and printed new denominations of dinar. Most Iraqi's were using Swiss dinar. 10 year old newsOriginally Posted by millionairetobe71
Get a free first class world education here. http://www.khanacademy.org/
We are all born ignorant, but one must work hard to remain stupid. - by Franklin, Benjamin.
I recall this "Swiss" currency vividly....it was delicious
Thanks SE...
Now, if I have a question... a hypothetical one....
Supppose (again, hypothetically speaking) that the Iraqis do not print a new currency, that be because of all the logistics involved are too much or the cost to print new money is too much...
Where do you see the dinar heading? (besides as a toilet paper)....
I could see a gradual appreciation to or about 100 IQD to the dollar......then, may be we could see the printing of new money...
How much money can you forecast that is in the hands of speculators and how much money is physically in the hands of the CBI and/or in the banks?
MTB71
"We are ready for an unforeseen event that
may or may not occur." --Al Gore, VP :swear:
....oh well, on the bright side, at least Garf is still hot !
"it just may be a lunatic you're looking for" -- Billy Joel
"Thursday is no longer cruciferous vegetables night" --Dr. Sheldon Cooper
. Their currency is not reconized in the international community. A RI will make it happen.
In 2009 or 2010 Nuri Al Malaki asked the Potus for a Ri. He was rejected for political reasons. That tells me this will be the most likley route they take.
Last edited by paynes1; 10-25-2014 at 12:46 AM.
Do you have a source for that info - the part on maliki asking about an RI?
"I have nothing to offer but blood, toil, tears and sweat." - Sir Winston Churchill
Posting Permissions
Reply With Quote