Frank26
This [these new 1000 dinar fil notes] guarantees there is a change in the Iraq dinar exchange rate because if not there's no reason for these fils whether they be in coin form or paper form. It's illogical. There's not reason for it...These fils paper or coins and the exchange rate are not activated yet. They are all in the background waiting for when Sudani says it's time.
This [new green 1000 fil note] is not a "lower note"...it falls under the category of fils. What does that mean? ...It takes 1,000 fils to make 1 dinar. What does that mean? It means the monetary reform is successful. It's brilliant! ...it is cheaper to print paper than it is to mint coins...They are not minting coins right now...these are called fils but they're in paper form...Question "I'm new here...when this blessing comes would you suggest to take all of it at once or just a little bit?"
That's your prerogative. I cannot guide you. Yeah, it's a speculative investment but logic says check it out, see what the rate is, if you like it exchange what you got. If you think it's going to go up in value internationally on a float, exchange a little and hold on to some. You have to make that decision. I cannot tell you on a speculative investment.
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