Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Iraq to keep CURRENCY UNCHANGED

ALBUNDY

By ALBUNDY,
in Iraq & Dinar Related News

 Share

Recommended Posts

ALBUNDY Newbie

ALBUNDY

Posted
Posted

Iraq to keep currency unchanged

Tuesday 5th February, 2013

The Iraqi cabinet has ruled out plans to omit the zeros or replace the Iraqi currency, Iraqi News has reported. "The Iraqi Government thinks that changing the currency needs suitable and stable circumstances," a spokesman for the cabinet said. "This proposal will be given priority if the stable conditions are there."

THE LINK : http://www.iraqsun.com/index.php/sid/212378038/scat/c31d0aaa23b24a75

  • Upvote 2
  • Downvote 1
Link to comment
Share on other sites
CaptainWingnut Newbie

CaptainWingnut

Posted
Posted

Iraq to keep currency unchanged

Tuesday 5th February, 2013

The Iraqi cabinet has ruled out plans to omit the zeros or replace the Iraqi currency, Iraqi News has reported. "The Iraqi Government thinks that changing the currency needs suitable and stable circumstances," a spokesman for the cabinet said. "This proposal will be given priority if the stable conditions are there."

THE LINK : http://www.iraqsun.com/index.php/sid/212378038/scat/c31d0aaa23b24a75

No offense ALBUNDY or anyone else, but

I have no idea who this newspaper looking website really is

but it's main business address is AUSTRALIA not Iraq.

I want to believe this, really, but

Can't find anything on this site to show credibility.

As for me, I'm watching easily verifiable sources,

coupled with corroboration of other credible sources

to see if they run this story.

Here's the link to all of the REAL Iraq news medias and I don't see this one listed.

http://www.abyznewslinks.com/iraq.htm

Hopefully one of these or better the Gazette will run his story.

IMHO,

This "story" really makes no sense in light of everything that has transpired and the position Iraq is in.

and this is what makes this story Exciting or Camel dung.

We're the outsiders looking in and many readers are new here.

Very few have endured 10+ years and those who have, have Not

Lived the torment and torture of actually being there through it all.

The Iraqi people have lived through their country being torn apart and disassembled.

They've lived through their currency going from the second most

Trusted currency in the world (second only to the Swiss Franc) to one

Of the worlds lowest.

They haven't lost their natural resources that backed that super currency

They've just been stepped on and paying this

Huge price because of Saddam and his actions.

If anyone reading this who is on the outside looking in thinks you're

Sick and tired and impatiently waiting, the Iraqi people are way

fed up and ready for a new chapter in their lives.

They're struggling to feed their families and keep life going without power

or any of the comforts we have.

Sure, the "Green Zone" is looking better but nothing else is.

If parliament doesn't do something quickly, not only do they fall in disfavor

of the UN and the IMF (and the U.S., and Germany, and ....)

but they are seriously close to their own personal

Iraqi "Arab Spring" uprising from their own people.

Too many of us people looking IN tend to project our FOREIGN needs

And wants and desires on them and then we interpret what they're doing

through our jaded, needy, wanting eyes.

This is not about us or U.S. or any other foreign people or government.

This is all about Iraq.

What they will do, will be for Iraq first and everyone else (the world) second.

For a story to break that they have changed their minds

WOW

I think this is GREAT news.

The moment when Kuwait revalued, their leaders were holding a

Press conference on the steps of parliament saying they were

FAR from changing their currency's value.

Distracting the world while they were pushing the button.

Nope, I have No CLUE who this Australian website is posing as an

Iraqi new agency, but if what they're reporting is REALLY verifiable

And True,,,

I'm jumping for joy baby.

  • Upvote 4
Link to comment
Share on other sites
ALBUNDY Newbie

ALBUNDY

Posted
  • Author
Posted

CaptainWingnut: " I have no idea who this newspaper looking website really is " , me too. " The moment when Kuwait revalued " , are you really sure that Kuwait revalued? I really don't know because I can't find the sources to prove that Kuwait revalued. Please let's share with us if you have the sources to prove it.

Link to comment
Share on other sites
sandyf Newbie

sandyf

Posted
Posted

One leads right to the other...

It does not.

The national currency of Iraq is the IQD( IQ + 1st letter of Dinar). If there was a change in currency, the national currency would become IQI( IQ + 2nd letter of Dinar). Changes in banknotes to the existing currency is done by the issue of a new series, or additions to the current series.

Redenominations are accompanied by a new currency so this sounds like any RD is being ruled out for the time being. Have to be careful though with translated articles.

Zambia has recently redenominated and in the technical guidelines there was no reference to currency outside of Zambia. Everything pointed to the ZMK could only be exchanged for the ZMW inside Zambia. Anyone who believes in the RD should take serious note of this point.

  • Upvote 4
  • Downvote 1
Link to comment
Share on other sites
RVPleaseToday Newbie

RVPleaseToday

Posted
Posted

"The moment when Kuwait revalued, their leaders were holding a

Press conference on the steps of parliament saying they were

FAR from changing their currency's value.

Distracting the world while they were pushing the button."

This is nonsense. Kuwait didn't revalue their currency. That notion has been debunked many times.

  • Upvote 2
  • Downvote 2
Link to comment
Share on other sites
sandyf Newbie

sandyf

Posted
Posted

"The moment when Kuwait revalued, their leaders were holding a

Press conference on the steps of parliament saying they were

FAR from changing their currency's value.

Distracting the world while they were pushing the button."

This is nonsense. Kuwait didn't revalue their currency. That notion has been debunked many times.

Exactly, neither did they change it. It was KWD before the invasion and is still KWD today.

  • Downvote 1
Link to comment
Share on other sites
CaptainWingnut Newbie

CaptainWingnut

Posted
Posted

You're right!

There is very little electronically (on the Internet)

regarding the Kuwaiti Dinar revaluation as it happened

before the Internet was a popular place for news.

But there is still credible evidence there to be discovered.

Here's a link to an archive with a brief history of the event

and it has a link to the BBC's August 2000 article as well.

http://iqd.me/l/uwaitidinar

Hope you enjoy it.

You're going to have to put on your detective hat

and sluth about but you can find all of the clues

and info, and you might even meet someone

who profited from it.

Oh, I have in my lifetime met TWO people who

Bought Kuwaiti Dinar at that time for 5cents and

days later became multi-millionaires.

It was not highly published event and was more of

a word-of-mouth insiders secret.

It happened so fast that you really just had to be

in the right place at the right time and have an open mind

To the possibility.

I know those whom I've met are also invested in IQD

and they are on this site.

Verification of that is a privacy issue so

they would have to speak up.

Although I wouldn't tell anyone if I had a

Gain there, so I really wouldn't expect or ask

anyone else to post it either.

Good Reading to all.

Go RV :twothumbs:

  • Upvote 2
Link to comment
Share on other sites
Nelson0528 Newbie

Nelson0528

Posted
Posted (edited)

It does not.

The national currency of Iraq is the IQD( IQ + 1st letter of Dinar). If there was a change in currency, the national currency would become IQI( IQ + 2nd letter of Dinar). Changes in banknotes to the existing currency is done by the issue of a new series, or additions to the current series.

Redenominations are accompanied by a new currency so this sounds like any RD is being ruled out for the time being. Have to be careful though with translated articles.

Zambia has recently redenominated and in the technical guidelines there was no reference to currency outside of Zambia. Everything pointed to the ZMK could only be exchanged for the ZMW inside Zambia. Anyone who believes in the RD should take serious note of this point.

Huh?... I think you missed my point. No worries... Happy Wednesday!

Oh, and +1 for the info!...

Edited by Nelson0528
  • Upvote 1
Link to comment
Share on other sites
TheArtistFormallyKnownAs Newbie

TheArtistFormallyKnownAs

Posted
Posted

Shabibi has stated on numerous occations uncirculated small denoms of the current IQD curency does exist.

CBI may be waiting for the small denom coins now in mint before it releases the small denom notes.

CBI is ready.

Shabibi said that? , there are small denoms , they do exist, Shabs said it?

are you sure Luigi, do we have it in writing? that would be great if

he said it.

  • Upvote 3
Link to comment
Share on other sites
McHales Navy Newbie

McHales Navy

Posted
Posted

Iraq to keep currency unchanged

Tuesday 5th February, 2013

The Iraqi cabinet has ruled out plans to omit the zeros or replace the Iraqi currency, Iraqi News has reported. "The Iraqi Government thinks that changing the currency needs suitable and stable circumstances," a spokesman for the cabinet said. "This proposal will be given priority if the stable conditions are there."

THE LINK : http://www.iraqsun.com/index.php/sid/212378038/scat/c31d0aaa23b24a75

#1 If they are waiting for "suitable and stable circumstances" , they are going to be waiting a long time.

#2 No government is going to let anyone know what they are going to do ahead of time. Not something of this magnitude.

  • Upvote 1
Link to comment
Share on other sites
Guest
This topic is now closed to further replies.
 Share
Go to topic listing

  • Recently Browsing   0 members

    • No registered users viewing this page.


  • Testing the Rocker Badge!

    Take This Quiz

  • Live Exchange Rate

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.

  I accept