DinarThug Posted October 31, 2014 Report Share Posted October 31, 2014 CNN. Broadcasting On Radio Free Iraq While Making Change ! (by walkingstick) CBI is preparing to issue a monetary metal partsMetal coins from the category of 25 fils were in circulation until the nineties of the last centuryHazem al-Shara30/10/2014Nora 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 5 Link to comment Share on other sites More sharing options...
millionaire in training Posted October 31, 2014 Report Share Posted October 31, 2014 coins we're slowly getting there. 3 1 Link to comment Share on other sites More sharing options...
moneysoon Posted October 31, 2014 Report Share Posted October 31, 2014 Yup, we are marching forward! 2 Link to comment Share on other sites More sharing options...
DinarThug Posted October 31, 2014 Author Report Share Posted October 31, 2014 (edited) Here's BondLady's Admin Tlm's Chat On This Article ... BLC Staff Article Breakdown ~ CBI is preparing to issue a monetary metal partsCBI is preparing to issue a monetary metal partsMetal coins from the category of 25 fils were in circulation until the nineties of the last centuryHazem 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. Edited October 31, 2014 by Markinsa Removed Link 6 Link to comment Share on other sites More sharing options...
sandfly Posted October 31, 2014 Report Share Posted October 31, 2014 THANKS CLOWN 1 Link to comment Share on other sites More sharing options...
DinarThug Posted October 31, 2014 Author Report Share Posted October 31, 2014 WELCOME TO DV NEWBIE ... 2 Link to comment Share on other sites More sharing options...
sandfly Posted October 31, 2014 Report Share Posted October 31, 2014 U STILL CRAZY 2 Link to comment Share on other sites More sharing options...
siberian_shaddow Posted October 31, 2014 Report Share Posted October 31, 2014 Much Appreciated Thugs Much Appreciated Thugs 1 Link to comment Share on other sites More sharing options...
deniscanada Posted October 31, 2014 Report Share Posted October 31, 2014 (edited) 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 October 31, 2014 by deniscanada 1 Link to comment Share on other sites More sharing options...
Laid Back Posted October 31, 2014 Report Share Posted October 31, 2014 On the right track.!! Increase the exchange rate 1 Link to comment Share on other sites More sharing options...
blueskyline Posted October 31, 2014 Report Share Posted October 31, 2014 No one has ever known a true timeline . But I must say . The progression of the new note annoucements , coins and cbi annoucements is undeniable 1 Link to comment Share on other sites More sharing options...
SocalDinar Posted October 31, 2014 Report Share Posted October 31, 2014 (edited) If they delete the zeroes 25 fils will be worth about 2.5 cents These guys on there chat are yanking our chains A fil will break down a dinar by 1000 Thanks Thug Edited October 31, 2014 by SocalDinar 1 Link to comment Share on other sites More sharing options...
calkid11 Posted October 31, 2014 Report Share Posted October 31, 2014 Thank you Thugster 1 Link to comment Share on other sites More sharing options...
vomer Posted October 31, 2014 Report Share Posted October 31, 2014 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. 2 Link to comment Share on other sites More sharing options...
moneysoon Posted October 31, 2014 Report Share Posted October 31, 2014 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". 1 Link to comment Share on other sites More sharing options...
idplzr Posted October 31, 2014 Report Share Posted October 31, 2014 Nope, haven't you heard they are about to have "deep pockets". They will be wearing MC Hammer pants from the 90's... Thug, find a picture... Hammer time 1 Link to comment Share on other sites More sharing options...
unirod Posted October 31, 2014 Report Share Posted October 31, 2014 For a .25 coin to be of any help to a citizen the Dinar must be on a par value with a USD...IMO 7 Link to comment Share on other sites More sharing options...
RAGARCIA62 Posted October 31, 2014 Report Share Posted October 31, 2014 Right on. Good news. I just wish it would move a weee faster. Let's get this RV started. . Woot woot! 1 Link to comment Share on other sites More sharing options...
ezrapound Posted October 31, 2014 Report Share Posted October 31, 2014 For a .25 coin to be of any help to a citizen the Dinar must be on a par value with a USD...IMO I agree 1 Link to comment Share on other sites More sharing options...
millionaire in training Posted October 31, 2014 Report Share Posted October 31, 2014 For a .25 coin to be of any help to a citizen the Dinar must be on a par value with a USD...IMO Oooooooooh I like the way that sounds........ fingers crossed..... 2 Link to comment Share on other sites More sharing options...
TBomb Posted November 1, 2014 Report Share Posted November 1, 2014 (edited) here's a bit more on the subject http://dinarvets.com/forums/index.php?/topic/189721-articles-10-30-2014/#entry1449813 Edited November 1, 2014 by TBomb 2 Link to comment Share on other sites More sharing options...
DinarThug Posted November 1, 2014 Author Report Share Posted November 1, 2014 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... 1 Link to comment Share on other sites More sharing options...
RodandStaff Posted November 1, 2014 Report Share Posted November 1, 2014 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. Vomer... That...IMHO...is the only thing that makes any sense to me too!!! 1 Link to comment Share on other sites More sharing options...
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