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CBI Is Preparing To Issue A Monetary Metal Parts !


DinarThug
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CNN. Broadcasting On Radio Free Iraq While Making Change !

 

 

 

(by walkingstick)

CBI is preparing to issue a monetary metal parts

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Metal coins from the category of 25 fils were in circulation until the nineties of the last century

Hazem al-Shara
30/10/2014

Nora Albjara member of the committee of economy and investment in the House of Representatives revealed that thecentral bank completed its preparations for the issuance of metal coins of seven small groups, in conjunction with the implementation of the project to delete the three zeroes from the paper currency is currently in circulation.

She said in her statement Albjara Radio Free Iraq, "said the project will take between four and five years, and which will be the launch of the categories of small coins gradually."

He predicted the financial expert Hilal Taan inflation rate declines, with the issuance of metal coins of small denominations in the daily financial transactions, remarkable that 3% of the value of inflation in Iraq due to the presence of large cash block.

The economic expert on behalf of Jamil Anton, noted that he may not find coins accepted by a lot of Iraqis, especially young people, due to the existence of an entire generation of Iraqis had not trading coins due to stop use since the early nineties of the twentieth century.

 

http://translate.google.com/translate?depth=1&hl=en&prev=search&rurl=translate.google.com&sl=ar&u=http://www.iraqhurr.org/content/article/26666313.html

RADIO FREE IRAQ

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Here's BondLady's Admin Tlm's Chat On This Article ...

 

 

 

BLC Staff Article Breakdown ~ CBI is preparing to issue a monetary metal parts

CBI is preparing to issue a monetary metal parts

Metal coins from the category of 25 fils were in circulation until the nineties of the last century

Hazem al-Shara     30/10/2014

 

 

[tlm724] thank you Tom Thumb, awesome article !

[cat] like in conjunction with deleting the three zeros

[tlm724] yes that is good and ask yourself this, why would they need coins ?

[tlm724] any clue how much 25 fils is worth

[cat] nope

[Mikey] 1/4 of .00086

[tlm724] .0002 real hard to do the math

[Mikey] I'd like a piece of gum please ... here is a dump truck of fils

[tlm724] Mikey exactly , great point !

[Mikey] yes .00086 x .25 = .000215 

[tlm724] the only reason they would need coins is if they anticipate raising the dinar to an amount that requires some change

[tlm724] like our pennies, nickles, quarters

[cat] tlm724 yeppers

[tlm724] said the project will take between four and five years, and which will be the launch of the categories of small coins gradually.

[tlm724] that does not mean the coins will come out in 4-5 years that means the project from start to finish will take that long, finished up   

[tlm724] which will be the launch of the categories of small coins gradually

[tlm724] so introduce all 7 of them as needed, as the value goes up to a level where they are necessary

[tlm724] this is a great sign of what is coming up !

[cat] tlm724 yes

 

[tlm724] the younger generation has never had to use them but it won't take them long to get used to it, heck they will thrilled    

[tlm724]  it is so exciting to see the coins will be coming out, just means one thing, the value will eventually reach a point where they are needed

[tlm724] I sure am excited about the new year  and the CBI has told us they are ready, all preparations are complete !

[tlm724] they have also told us it will take time to COMPLETE the project, by the end of this project all the old notes will be in and destroyed, the new notes will out (LD's) before the end also BondLady explained this very well in her chat: Currency Reform Program 10/22/2014

[tlm724] so when they start the beginning of next year the value will increase over the 4 year plus time frame and should be back to one of the strongest currencies in the Middle East !

[tlm724] I love this plan, no LOP ! gradual increase over about 4 years 

[tlm724] and we WILL see the laws to protect it also and that won't take long at all, as I said the beginning of the year is shaping up to be something super special ! just sayin ...  

per Shredd: Well said timmy. No lop, and no RV too by the way. A gradual increase but we will still need to find out if the gradual increase will be via a managed float or a free float. Managed makes more sense to me but a free float could grow at a faster pace. Great confirming article.

 

        B)       B)       B) 

Edited by Markinsa
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They are wrong on the fils number. 1 dinar is based 1000 fils not 100. The need to add another zero. So 250 fils is = to 1/4 of a dinar. So  25 fils is = to 1/40th of a dinar. Just to double check my math 40 x 25 =1000

 

http://en.wikipedia.org/wiki/Fils_(currency)  

 

Good to see you back sandfly

 

Thanks clown

So are you ready to scare the crap out of the little kiddies.

Edited by deniscanada
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I'm the dummy around here I guess.  I'm baffled as to how someone can lug all those coins around in their pockets.  Unless the value is increased.

 

Nope, haven't you heard they are about to have "deep pockets". :shrug:

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Here's Comments From The 'Root Beer Float' Brothers ...

 

 

 

11-1-2014   Newshound Guru Kaperoni   Article:  "CBI is preparing to issue a monetary metal parts"  Quote:  "the central bank completed its preparations for the issuance of metal coins of seven small groups, in conjunction with the implementation of the project to delete the three zeroes from the paper currency is currently in circulation."  [Very positive.]  Yes, it shuts down the articles that said nothing will happen for 5 years and confirms the plan is to start very soon and have it last "up to 5 years".   Not to mention the term "gradual" again...sorry RV folks.   This is the best thing that could have ever happened...a gradual appreciation because it means that the dinar will retain its value.  And as [Guru] Enorrste has stated, the dinar is undervalued so we should see some sort of correction initially and from there a rise in value based on market forces.  CBI needs to finish this replacement project to give them solid ground to launch the transition.   Orderly exit!   Getting exciting.

 

10-31-2014   Newshound Guru Enorrste   ...I have said numerous times before, Iraq is going to be like the "wild west" was in the second half of the 19th century in America.  Investors will flock to Iraq to make their fortunes, and they will need dinars to do their business.  Therefore, the demand will grow WORLDWIDE for the dinar quite quickly, in my view.  The supply and demand within Iraq itself will be minor:  worldwide demand will grow based upon the influx of investment into Iraq.  Many articles have come out stating that many countries are already chafing at the bit to get into Iraq.  Some have already made strides in this direction, but they are minor compared to what will happen once the currency is recognized worldwide (Article 8 and its protections).  KAP [Guru Kaperoni] has shown that the plan is to get laws in place to offer insurance protection for foreign investors.  That will probably precede moving to Article 8.  I suspect all of this will come to fruition within the next 60 to 90 days, after which the float will begin.  ...I suspect, the CBI has been preparing for a true "free" float (this is why they have raised their reserves so high)...

 

10-31-2014   Newshound Guru Enorrste   While it is true that basic supply and demand for currency within any given economy (Iraq, for instance) can have an affect on the overall value of that currency, there is another factor that is much more important once Iraq moves to Article 8 and the currency is recognized as a valid world currency.  That factor is speculation.  Speculation in world markets is the primary force that drives its value.  Other forces are supply and demand, economic growth, interest rates, and a country's balance of payments situation.  It will be speculation, however, that will be the driving force in the case of the dinar, in my opinion. 

 

10-31-2014   Newshound Guru Enorrste  The IMF was quite clear in its recommendation to Iraq:  move to a "free float" exchange regime.  No where has either the IMF or the CBI talked about a managed float.  Therefore, I believe that once Iraq moves to Article 8 and opens the door for the dinar worldwide that adding or removing large notes will be minor in comparison to the basic speculative demand worldwide.  Therefore, I see the currency rising quickly... 

B)      B)      B)

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