.TNT:

Re: Article:  Revealing a study to delete zeros from the Iraqi currency .  LINK 

Cutebwoy:  So here we go again from Iraqi ,so all the people who lend them money I guess don’t need it back anytime soon ,wow

SwampyJack:  Of course it is a smoke screen !!!

RVALready:  If you know the history of this, it is easy to see the delay article from Iraq is pure bull. Most of the intel providers are saying soon, and Iraq has been busy for weeks educating the citizens on the RV, new LDs , and coins

DocSavage:  Countries often announce they aren't going to RV a day or two before they RV…. China and Kuwait come to mind.

Natok:  Iraq is done, they are waiting for the go, then everything falls into place at the same time.

Fuze:  No delays this time guys, the cat is already out of the bag...they missed that boat when they totally prepped and educated the citizens...get ready!!!

CharlieOK:  Agreed Fuze. The issue is when does what happens in Iraq equate to the US getting to exchange. It is way too late in the game for new cans to kick.

.KTFA:

DELTA:  I DID ASK TBI BANK IF I CAN USE MASTER CARD ABROAD...ANSWER FROM TBI ...

"you can use it in withdrawals from ATMs and direct purchase from the points of sale as well as in the Internet such as subscriptions and airline reservations, hotels, shopping sites and promotion in social networking pages in any country of the world except Brazil, Indonesia, Syria and Iran."

Popeye7:   Well if it looks like an RI, and it smells like an RI... Than it must be.... IMO... Thanks so much Delta... Things are looking up up up... God bless, and snip, snip...

MilitiaMan:  Wow, Trade Bank is telling us they are international on a Friday when banks are closed.. Fascinating as all get out!

Kinda puts the crazy notions of October and next year as baseless none starter data.. At least this should allow those that haven’t had the ability to study thoroughly enough to feel more confident that all the facts in place now are evidence the end results for the completion of Monetary Reforms is coming to a close!

.KTFA: 

Act4fredom:  Just a thot – just a thot To begin - I'm not trying to set a date - we don't know the date or rate. Just to be clear.

BUT - here's some fodder for thought, discussion, and giggles.

We have all watched with amazement, inquisitiveness, and confoundedness at so many of the actions of Iraq over the years. They have seemed to drag their feet when they needed to hurry, and they have done so many illogical things that I've lost count.

If you've watched and studied this MR you have remarked on this fact, joked about it, and even screamed "What are they doing?" many times. I know that I have just thrown up my hands with total exasperation and unbelief at some of the things we have seen and heard.

Our common resort has become "but remember, THIS IS IRAQ"

Many times Frank has stated that they do things differently than we do. They think differently than we do. Their culture and mindset is different than ours. Frank is right on that, they are different. It is with this difference in mind that I want to toss out an idea for us to consider. Maybe others have made this comment – or connected these dots before. I don’t mean to be repetitive, but it’s what I was thinking about last night and today.

We all are aware that that there were 2 things Dr. Shabs preferred for the MR. 1. A 3 day weekend for everything to move and close out smoothly and 2. A year end/beginning or mid year.

IMO – Dr. Shabs was referring to year end/beginning fiscally – we have to remember that Dr. Shabs is no longer at the helm of Iraqs MR. Someone else in Iraq is – and in my opinion they have the Iraqi mindset – possibly more of what I’ll refer to here as – THE ISLAMIC MINDSET.

KTFA: 

2 Cents:  IMO,Delete the Zeros is the RD...It is not directly describing a change in the exchange rate and articles have stated the same....The RD (Delete the Zeros) is the process of changing the currency structure of the country.  They want to get rid of the large numbers for calculation purposes.  

When they implement the Delete the Zeros project, they will effectively be moving the decimal to the left 3 places......25000. to 25.000 or just 25 and give the new bill (25) effectively the same value as the old bill (25000).  This will entail an official rate change in order to give the new bill the proposed value.  This change of official rate is the RV.

 So, as you can see, there will be an associated official rate change to accomplish this change in currency structure but by strict definition it is not the Delete the Zeros project nor or they stating remove three zeros from the exchange rate.  After all, we know from WS that they have studied many different potential rates to "breath life" into the new currency denominations.

The only question that remains is what will the value of the old bill(25000) be as they had to change their official rate (RV) to make the new bill(25) have at least as much value as the old bill (25000) had prior to the change.   The 25 (new bill) will have to have at least as much value as the previously issued 25000(old bill) if the citizens are to accept the change and to prevent unwanted inflation.  

It is easy to superficially see this as a potential "L" (Lop) when looking at the above scenario however, due to the CBI following the playbook they have said they would, it appears very unlikely. For example, let's look at a different denomination.  The current "old bill" 250 has a value of about .21 USD.  

When the Delete the Zeros project is implemented, it will require a 250 Fil to be released to have the same value as the current 250 IQD.  The 250 Fil will have at least the same value as the current old 250.  We know the current "old" 250 will coexist with new 250's if and when any are released in the future.  How will there not be confusion if the old and new 250's have two different values.