Remember about the Cash Center that recently opened to receive the stashes and hordes of dinars. The first point is these were dinars NOT dollars…These are NOT exchange centers. They are simply depositing their hoards of dinars in the bank and putting them into electronic form…They are staying in dinars, NOT U.S. dollars… these centers show us some success of just the beginning stages of the process to delete the zeros. This is part of the process is to collect these stashes of notes. These are not only needed for liquidity in the banks but also to coincide with the shrinking of the monetary mass that is needed to raise the rate of the dinar, when they do pull the trigger on the higher “official” CBI rate in- country.
