Mnt Goat

  In Mnt Goat 

A couple golden nuggets here in this article: 1. We find out they still plan to do the project to delete the zeros. 2. They did in fact plan to do it before now but it was postponed again. Timing of the article proves they did have it planned for January. Why postponed? …I quote from the article – “but security events and the control of the state regulation on five provinces led to delay”. So we are NOT waiting for the economy to grow and the private sector to take over to raise the rate. Get it? 3. I want to point out that in 2003 we were told that the cash volume in the markets to be issued for the money supply was 170 Trillion. So we can now see once again they are maintaining well below the 2/3 (about 57 trillion) dinars withdrawal of the planned current cash volume, as part of the “project to delete the zeros”. So we can see they still have room to issue more currency, if needed to fulfill cash volume. But this is one tool they are keeping inflation down.