Yes it is true that smaller denominations will be created by CBI but who ever wrote this article cranked up the crap factor and paid about $200 to $500 to have this Press Release plastered all over the Internet. It looks like a ploy to scare investors into selling dinar back to the dealers for profits, or, just someone who is not speaking from a position of authority, who don’t know Dinar and current events. Making stuff up for a spicy bull s–t headline.

I will be disecting this article (which link I won’t put) on our next podcast.

Lastly, for proof that this is total crap.

-The CBI connection quoted in the article, the mans name is no where on the Internet (crap)
-Why would the CBI create new banknotes with 3 less zeros and make the old notes and the new notes the same exact value, kind of defeats the purpose of creating new notes (crap)
-The CBI would have the kiss an RV goodbye as what is described in the article is a DEVALUATION (crap)
-There is absolutely no other source on the Internet reporting this information, so they created it. (crap)
-If CBI wanted to permit people to carry less banknotes to the bank, as reported in the article, why on earth would CBI create the EXACT SAME amount of notes, but with less zeros. Thats the poorest excuse for a lopping I’ve ever seen. Not even believable. (crap)

1. They can not Lop …. the inflation rate is to low… Iraq is sitting at 4 to 5 percent.

2 The only countries that I have seen do a Lop is Iran and Zimbabwe and their Inflation rate was between 30% and 90%.

So please do not think of Iraq is going to do one!!!!

Our call is not happening today, reason why is I never made it back to my office. Don’t be dissapointed we will have several calls this month in the very near future.