Kaperoni

Kaperoni – Dinar Guru   Article:   “Finance Committee in the Iraqi Council of Representatives announced on Monday (19-August-2019) the government direction to reinstate the currency and delete zeros from paper currency in order to strengthen the national economy”  You better hope that doesn’t happen because they’re talking about a lop it’s clear as day…”I want to remove the zeros off the paper“…meaning lop them.   …my hope is the CBI is going to follow the directive of the IMF in float the currency and allow it to gradually rise based on the influx of capital as a result of significant investment to create a market economy. But as a backup it seems that Parliament wants to pass a law to Simply lop the zeros off the notes and create a one-to-one exchange rate, as well as reducing the currency from trillions to billions… We have to hope Iraq succeeds in launching this market economy.

BGG ~ I’m not sure this is as much a “slam dunk” translation as is laid out here. Further…

1) How would this POSSIBLY reconcile with all their previous statements that the new and old versions would co-exist in the market place for as long as 10 years? How would this be possible?

2) Also note the following post regarding Kaperoni’s dramatic statement about oil credits being “nonsense” followed the very next day by an actual news release out of Iraq detailing just such an arrangement agreed to by both Mahdi and China. Hmmmmm….