Why Some Bank Stories are Bummers...Very Likely imo
OK, let's look at this...Consistent with what Tony and DC have been saying all along, let's put ourselves in the Bank's shoes for a minute.
They HAVE TO create the perception that this RV is ...call it whatever...a scam, never going to happen, strongly advise against etc., and circulate it throughout their people/branches/system ...and for a legit reason imo.
If they allowed even the slightest perception that this was legit/real...and it got out to their people... they would have some very serious issues to deal with. Tony has covered what some of these would be so I won't repeat here.
By doing it this way, (ie very officially denied etc.), they may in fact have to deal with some angry employees, but, by then they (the bank) will just claim they didn't know anything and were surprised themselves that it was real.
Some of their people may be upset, as is understandable, but they will most likely continue working for the Bank and that's one of the main concerns that the Banks have right now.
And let's be very straight here...even though the Bank's may have told their people all along this RV wasn't real, they each still could have gone ahead and took a chance and purchased Dinar on their own.
I mean, we all have been told over and over it's a scam etc. and we did it anyway. So, the bank employees may be mad at their company but, really, they made the decision to buy or not buy on their own.
We can do our part by being empathetic to all the bank people we deal with but there is no reason for us to feel anything but good about our situation etc.
"The private sector contributes to increase the value of the dinar" HUGE NEWS of the WEEK!!
11-8-2014 BGG Article: "The private sector contributes to increase the value of the dinar " Quote: "noting that it was an urgent necessity that the country is about to increase its exports of crude, Baidhani called finally to revalue Iraqi dinar increased purchasing power because of its profound impact on the development of economic reality and give additional force to currency [and] strengthen confidence among the world’s currency markets, especially that [the] dinar is covered by a cash reserve to be reckoned with."
BGG This is the HUGE NEWS of the WEEK!! This same economist was on Iraqi TV right after this was published and saying essentially the same thing.