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Dinar to "re-evaluate"


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#1 ijdk

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Posted 23 August 2012 - 07:41 AM

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http://translate.goo.../aug/21/257813/

Annual inflation index rose in Iraq rose 5.7 percent after rising rents and the cost of living and services.
Said the spokesman of the Ministry of Planning and Development Cooperation of Iraq Abdul-Zahra al-Hindawi, said that «indicators annual inflation for the period of the month in July 2011 until the same month this year rose 5.7 percent for reasons of higher prices of goods and services, which include food, rent, transportation, communications, health and education» .

Hindawi said «Central Bureau of Statistics of the Ministry completed the inflation report for the month of July 2012 on the basis of field data collection on the prices of goods and services components of the consumer basket of selected sample of outlets in all governorates of Iraq.

Hindawi between the indicators of inflation for the month of July this year other is increased compared to the previous month of June by 0.3 percent.


He said Iraqi Finance Minister Rafie al-Issawi said that Iraq was seeking to keep inflation at five percent in 2012 with the support of the policies of the Central Bank to control the rising prices, and that he hoped to re-evaluate the Iraqi dinar by 2013.


Issawi told Reuters he hoped to control inflation again at about five percent in 2012 by some of the central bank's policies.

The annual inflation rate accelerated primary in Iraq to 7.1 percent in July from 6.4 percent in June, driven mainly by rising house rents.

Issawi said he did not believe that inflation will rise, adding that it has increased in the past few months to more than six percent, though the central bank tried to change its policies to control it again.

An official at the central bank said in June that it is not expected to exceed the annual inflation basic seven percent in 2011, because the economy has remained relatively stable with the stability of the flow of goods and the absence of any unexpected expenses governmental.

In August, Iraq declared that it intends to re-evaluation of the dinar by deleting three zeros from the nominal value to facilitate financial transactions.

Issawi said the central bank was prepared his study for submission to the government and that he hoped to complete it by 2013.

The CBI began discussing re-evaluation of the dinar last year in order to facilitate financial transactions. Still, many transactions in Iraq are in cash because of the development of the banking system.

The Iraqi dinar is trading in the auction at a fixed price at 1170 dinars to the dollar.

Issawi also said he expected that the level of unemployment ranges between 15 and 23 percent this year.
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#2 RodandStaff

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Posted 23 August 2012 - 07:45 AM

Thanks for the post ijdk!!!Posted Image

Let's hope they keep the ball rolling and "git-r-dun"!!! By 2013 would be wonderful!!!Posted Image

Come On RV Baby!!!Posted Image
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#3 TheArtistFormallyKnownAs

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Posted 23 August 2012 - 07:46 AM

NICE!
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#4 AkinNAUY

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Posted 23 August 2012 - 07:46 AM

WOW!!! IS THIS OFFICIAL? I can't really tell cause i'm with BIG SMILE :D... Just a little weird that they would announce something in that magnitude?
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#5 InItSince05

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Posted 23 August 2012 - 07:57 AM

All we can do is wait and see!!! :) ;) :)
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#6 dontlop

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Posted 23 August 2012 - 08:02 AM

e·val·u·ate   /ɪˈvælyuˌeɪt/ Show Spelled[ih-val-yoo-eyt] Show IPA
verb (used with object), e·val·u·at·ed, e·val·u·at·ing.
1. to determine or set the value or amount of; appraise: to evaluate property.
2. to judge or determine the significance, worth, or quality of; assess: to evaluate the results of an experiment.
3. Mathematics . to ascertain the numerical value of (a function, relation, etc.).


i guess they have already done this if they are re doing it ...

they are giving us our 90 day notice .. we should see a few billion dollars coming our way .. rv the darn thing to 5 bucks already
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#7 SocalDinar

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Posted 23 August 2012 - 08:22 AM

Thanks for the Article ijdk

Now let's see some action on the rate.
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#8 doctor robbins

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Posted 23 August 2012 - 08:27 AM

In August, Iraq declared that it intends to re-evaluation of the dinar by deleting three zeros from the nominal value to facilitate financial transactions.


They used the word re-evaluation but they are obviously talking about a re-denomination because they are describing a lop when they say "deleting three zeros" and "facilitate financial transactions". When they tell us "we're pulling in the notes with three zeros so that we can reduce the money supply and revalue to a thousands times the current value" then you can get excited.
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#9 ijdk

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Posted 23 August 2012 - 08:32 AM

The Dr is in. We were all waiting for your opinion. Thanks for giving us what you know for a fact they are saying. Don't know if we could have formulated our own opinion without your absolute expertise.
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#10 Dalite

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Posted 23 August 2012 - 08:36 AM

Thanks for the Article ijdk

Now let's see some action on the rate.


I'm not a rate and date kind of guy, but I will go out on a limb and predict the rate will re-evaluate between $.86 to $1.00 USD per new Dinar ( New Currency and Coins to be released).

As the article states, they hope to re-evaluate by early 2013, and the method of re-evaluation will be by deleting 3 zeros from the nominal value.

I hope the time frame they are hoping for is accurate, but I pray that the method they state will be used to achieve that goal is not allowed.

But, I will officially state my rate prediction to be between $.86 USD to $1.00 USD to each new Dinar, IF they re-evaluate by deleting 3 zeros from the nominal value...

Good Luck to all..

I am hopeful that some of their hopes will be met in the timeframe they are hoping for.
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If Con is the Opposite of Pro, what is the Opposite of Progress??

Go Figure.........

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#11 dontlop

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Posted 23 August 2012 - 08:38 AM

The Dr is in. We were all waiting for your opinion. Thanks for giving us what you know for a fact they are saying. Don't know if we could have formulated our own opinion without your absolute expertise.



exactly now whos changing the storys around to suit his agenda ..lol they meant this not that .. lol ... those wrds are not the words they wanted to say .. this is what they really said .. ..lol

we appreciate everyones comments .. but i have heard over and over how we should read the articles for what they are .. now all the sudden its ok to change things around to fit your view..

he could be correct ,, but .. we know what this article says
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#12 ijdk

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Posted 23 August 2012 - 08:40 AM

Cmon, just ribbing the guy. We all know where a lot of each stand. If we can't poke fun at each other than what fun is it?
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#13 zigmeister

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Posted 23 August 2012 - 08:44 AM

I'm not a rate and date kind of guy, but I will go out on a limb and predict the rate will re-evaluate between $.86 to $1.00 USD per new Dinar ( New Currency and Coins to be released).

As the article states, they hope to re-evaluate by early 2013, and the method of re-evaluation will be by deleting 3 zeros from the nominal value.

I hope the time frame they are hoping for is accurate, but I pray that the method they state will be used to achieve that goal is not allowed.

But, I will officially state my rate prediction to be between $.86 USD to $1.00 USD to each new Dinar, IF they re-evaluate by deleting 3 zeros from the nominal value...

Good Luck to all..

I am hopeful that some of their hopes will be met in the timeframe they are hoping for.


That would be great if they don't kick those three zero's off the train. However I have a question for you Dalite. In researching re domination a while ago it mentioned countries who are planning on re dominating their currency are a bit more reluctant to do so close to an election. They are concerned for obvious reasons, if the people are unhappy with the RD result it could be counterproductive for the party who is leading the country. As I understand it Iraq has elections coming up in 2013, Iraq is a bit squeamish when it comes to taking chances, and who knows what Maliki has in mind, but I am sure keeping his party in the lead is a big motivation if an RD falls flat at first. What do you think?
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#14 JWJW11

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Posted 23 August 2012 - 08:50 AM

They used the word re-evaluation but they are obviously talking about a re-denomination because they are describing a lop when they say "deleting three zeros" and "facilitate financial transactions". When they tell us "we're pulling in the notes with three zeros so that we can reduce the money supply and revalue to a thousands times the current value" then you can get excited.

I think you missed the "nominal value" part

They used the word re-evaluation but they are obviously talking about a re-denomination because they are describing a lop when they say "deleting three zeros" and "facilitate financial transactions". When they tell us "we're pulling in the notes with three zeros so that we can reduce the money supply and revalue to a thousands times the current value" then you can get excited.

I think you missed the "nominal value" part
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#15 RVPleaseToday

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Posted 23 August 2012 - 08:52 AM

Or, we could be doing what we usually do and are debating nothing more than a bad translation. Who knows what the word translated "re-evaluation" really means?
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#16 djhardrock

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Posted 23 August 2012 - 08:53 AM

Maybe I am missing something. I keep hearing the Iraq is going to delete the zero's. IMO that really shouldn't matter, what should matter is what the value of Dinar is against the USD or EURO. My question is my understanding logical?
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#17 SocalDinar

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Posted 23 August 2012 - 08:56 AM

I'm not a rate and date kind of guy, but I will go out on a limb and predict the rate will re-evaluate between $.86 to $1.00 USD per new Dinar ( New Currency and Coins to be released).

As the article states, they hope to re-evaluate by early 2013, and the method of re-evaluation will be by deleting 3 zeros from the nominal value.

I hope the time frame they are hoping for is accurate, but I pray that the method they state will be used to achieve that goal is not allowed.

But, I will officially state my rate prediction to be between $.86 USD to $1.00 USD to each new Dinar, IF they re-evaluate by deleting 3 zeros from the nominal value...

Good Luck to all..

I am hopeful that some of their hopes will be met in the timeframe they are hoping for.


I'm getting ready now for the coming collapse of the Dollar. Maybe that was the key to this investment. Knowledge.
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#18 doctor robbins

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Posted 23 August 2012 - 08:57 AM

I think you missed the "nominal value" part


Well obviously the nominal value of $.00086 is what they're deleting the three zeros from when they re-denominate. That would make the value of the new dinar $.86. That's what IQD holders will need to exchange their dinar for at a ratio of 1000:1 old for new.
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#19 JWJW11

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Posted 23 August 2012 - 09:01 AM

Well obviously the nominal value of $.00086 is what they're deleting the three zeros from when they re-denominate. That would make the value of the new dinar $.86. That's what IQD holders will need to exchange their dinar for at a ratio of 1000:1 old for new.

Wrong....try again
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#20 welcome007

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Posted 23 August 2012 - 09:10 AM

They used the word re-evaluation but they are obviously talking about a re-denomination because they are describing a lop when they say "deleting three zeros" and "facilitate financial transactions". When they tell us "we're pulling in the notes with three zeros so that we can reduce the money supply and revalue to a thousands times the current value" then you can get excited.

Yup u right, get out while you can
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