Monday, January 27, 2014
1-27-2014 Newshound Guru Kaperoni
1-27-2014 Newshound Guru Kaperoni Article: "Indicated
the presence of approximately 35 trillion dinars in circulation in the
financial markets attribute the reason for the postponement of parliamentary
delete zeros to the difficulty of controlling the currency" ["My question is how can a war torn country with 35
trillion dinar in circulation possibly see a value of 1-1...When all other
countries have less than 4 trillion in circulation?"] The
answer to your question is they cannot...unless they have a plan to collect or
reduce it. And the CBI has said on several
occasions..."they will gradually raise
the value down to the day they begin to replace the currency." An argument could be made that at the same time or before, they will
remove these larger notes. If so, then a gradual appreciation of the
value is possible. That is why only a float make sense at this
point. No overnight RV could or will occur.
You can find several articles or documents...to support this. Including
the IMF themselves