2-7-2014 Newshound Guru Tlar

2-7-2014   Newshound Guru Tlar   The CBI announced that the new dinar and the old dinar will both be circulating in Iraq for two years after the change.  The CBI told us numerous times what will change is the nominal value which is defined as the exchange rate.  The FC [Finance Committee]  told us that they will delete the LEADING zeros.  LEADING zeros are not found on the currency, they are only found on the exchange rate.  The FC in three articles told us they wrote the 2014, and estimated the 2015 and 2016 budgets based on 1.16 dinars equal one US Dollar.  Doing the math that's 86 cents per each dinar or deleting the zeros.  If this is truth then they can't open the 2014 budget without changing the value of a dinar to 86 cents.   (post 1 of 2....stay tuned)