Mnt Goat

  In Mnt Goat 

We all know the value is way beyond what the program rate is. The CBI knows it too. So, let’s talk rate instead. If the rate of a 25,000 note was about $23 today then it will be $23 for the 25 note. No change in value. Get it? Easy!   It is just the mind set in the Iraqi people that worries the CBI. How will they mentally deal with going back to the lower denominations. Remember they had lower denominations prior to the 2003 war. These larger three zero notes were only meant to be temporary and so it is time to convert back…finally…! Once this is done then the CBI will watch for inflation for about a week and then pull the trigger on the reinstatement and FLOAT the dinar on FOREX if all goes according to plan. The rate in the US on FOREX will be gauged on the new rate of the dinar according to the new basket it is assigned to. It will get off the “de-facto” peg strictly to the US dollar as it is today.