50 dinar notes removal means...?
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Thread: 50 dinar notes removal means...?


    
  1. #1

    50 dinar notes removal means...?

    The CBI has stated one of the reasons for pulling in the 50 dinar notes is to prevent conflict between the 50 and 500 dinar notes after the deletion of zeros... What kind of conflict is the CBI trying to avoid? Is it a conflict of values as the article implies with the mention of deletion of zeros?

    Article Quote: "A source in the CBI told the “term” that “the Bank does not want a conflict between the currency category of 50 dinars and 500 dinars in case of deletion of zeros from the last,”


    Millionday has used the term "redenominate" multiple times in discussion regarding the same...

    "Millionday - [do you think our back wall is now pushed back 60 days to get the 50's in?] NO I JUST THINK THAT THEY ARE BEGINNING TO REDENOMINATE PER THE REPORT WE HAD TODAY…TO REMOVE THE THREE ZEROS IS WHAT WAS SAID AND THE LACK OF USE OF THESE THAT WERE FROM THE 2003 SERIES… JUST A FIRST STEP."


    Preparation for redenomination is what came to my mind when I read the CBI article as well. Redenomination defined means changing the value of existing currency, i.e. the removal of the zeros? An immediate concern is, removal of the 50 dinar notes to prevent conflict of value between 50 and 500 dinar notes signals what kind of change exactly? If redenomination is the actual plan and the change in value is intended to be upward wouldn't the CBI be removing the 500 dinar notes instead of the 50's?
    Last edited by Kblp; 03-02-2015 at 02:29 AM.



  2. #2

    Re: 50 dinar notes removal means...?

    Oh, both quotes in the original post were found in the Observer.

  3. #3

    Re: 50 dinar notes removal means...?

    Much of the discussion regarding dinar currency reform method and guesstimations on rate future potential seem to be altering more and more as this thing finally appears to be getting close.

    In the not so distant past, the mere mention of anything less than an RV of $3.00+ could get you a stern tongue lashing or at the very least an endless round of reasoning why there was no way the outcome would ever be anything less than a straight up RV of at least $2.80, unless of course you were listening to a Float theorist.

    Turn the clock forward a bit to the past few months when currency reform starts seeming like it really might actually happen sooner rather than later, and a lot of the same people who had been tirelessly carrying on for ages about how it would be an RV probably around $3.80-ish....well that's suddenly getting trimmed back to around $1.00 and even that $1.00 has been dwindling of recent. The RV it seems is now sometimes morphing into a potential RD or RI on occasion as well. Little by little as true currency reform takes shape and gets nearer and nearer, the talk of implied riches everyone invested is going to receive seems to be getting smaller and smaller.

    Has anyone else noticed this?
    Last edited by Kblp; 03-04-2015 at 12:28 PM.

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