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Iraq an economic Study
Ms Sans Serif
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[quote:ReVbo™:MV8xNzI0NTM4XzMzODAzMjMyXzNCNTY4QkI1] [quote:Anonymous Coward 20816248:MV8xNzI0NTM4XzMzODAzMDgyX0RCMjY4NjEw] So this isn't happening until 2014 now? ..... :suicide: [/quote] Put the gun down. Here's Kaperoni's take on it. 2014 is the end of the process, after the zeros have been fully removed. RV or free float is the beginning. 314, GCC common currency is the next part of the plan. They are talking about it, but it's not gonna happen for a while. Kaperoni: There is a very good chance that Iraq will not introduce the "new currency" till end of 2013 or sometime in 2014. But that has nothing to do with us as they must raise the value first. And it makes no difference in the budget until the value is greater than the USD. Once the value is greater than the USD, that is when they will make it "official" and start a new year with it on a legal level. Example, the dinar could be worth .10, .50, or even .86 all through 2013. Then in Jan 2014, they could declare "we have deleted the zeros" and all transactions and accounting records are adjusted accordingly as Saleh states. Another example could be a RV at a staging rate of 1 to $1 leaving it in place for 6-12 months as they transition from the current currency to the new currency....and then in Jan 2014 declare..."we have deleted the zeros". So you can see, the "actual declaring" is simply a date in which zeros are removed and goes into effect in country and more than likely would be at the beginning of a year but has nothing to do with us as most of us will cash out at some rate we are comfortable with. [/quote]
Iraq is rapidly becoming a force in world economics due to its oil reserves. What do you think the effects will be on the world economic stage. sk
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