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» Update 6/27/13
Thu Jun 27, 2013 4:48 pm by MichaelG

» Ready to start
Sun Dec 09, 2012 2:08 pm by MichaelG

» Tax Return time coming soon
Tue Nov 06, 2012 10:11 am by MichaelG

» 03/02/12 Update
Thu Jul 19, 2012 12:09 am by bjm6961

» Keep yourself grounded
Sat Feb 04, 2012 11:39 pm by MichaelG

» Info Update 1/17/12 @ 10:05pm
Wed Jan 18, 2012 2:13 am by bjm6961

» Closing TY2011
Fri Dec 30, 2011 11:00 am by Boopski

» Info Update 12/23/11 @ 11:05am
Fri Dec 30, 2011 9:16 am by MichaelG

» Info Update 12/15/11 @ 8:35am
Fri Dec 16, 2011 7:27 pm by Mlowe

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Info Update 12/23/11 @ 11:05am

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Info Update 12/23/11 @ 11:05am

Post by MichaelG on Fri Dec 23, 2011 1:26 pm

I posted yesterday about the CBI demanding all 3 zero notes be turned in. I have found out more information about this. Shabibi is one smart cookie in how he is doing this.

CBI gives them a certain amount of time to bring in the 3 zero notes, exchanging them for USD. (They are flooding the streets with USD as we speak, not small denoms.) Very Happy

RV the IQD to the new realistic rate. Surprised

Recall all USD with a time limit also on this. After time is up, owning foreign currency becomes illegal. Shocked

Now they have the same value of monies they held before, but have not become any richer. Smile

That is ingenious, they get a new rate without having half the country becoming instant millionaires. Of course, that is different in country than with a speculator such as us. We just get the new rate being out of contry. Makes it easy for them to pay us off and be done with it. Cool

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Re: Info Update 12/23/11 @ 11:05am

Post by bjm6961 on Fri Dec 30, 2011 8:24 am

Have you heard anything positive lately.

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Re: Info Update 12/23/11 @ 11:05am

Post by MichaelG on Fri Dec 30, 2011 9:16 am

They are still processing as above. This might take a week or two to complete.

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Re: Info Update 12/23/11 @ 11:05am

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