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!

The Recovery Of The Iraqi Dinar !


DinarThug
 Share

Recommended Posts

4 minutes ago, DinarThug said:

"The deletion of zeros not because of the value of the dinar, but for the purpose of tightening and improve the performance of banknotes and reducing the use of the dollar locally in circulation and exchange and storage value and standardize the size of banknotes,"

 

WOWZA! Great article Thug! Many, many thanks!!! 

:twothumbs:

 

 

 

  • Thanks 1
  • Haha 1
  • Upvote 3
Link to comment
Share on other sites

31 minutes ago, csd9013 said:

Waiting until the time is right to delete the zeros is kinda like waiting to get married when you can afford it. Just sayin'.

 

That Lifelong Bachelor Luigi’s Been Trying To Get Free Milk From The Goat For Years ...

 

:D  :D  :D 

  • Haha 8
Link to comment
Share on other sites

2 minutes ago, Laid Back said:

Venezuela actual inflation is 4,000 % and foreign currency reserves $9.9 billion dollars

Iraq actual inflation 4% and foreign currency reserves $51.5 billion dollars - Can you see the difference?

 

Even Hammock Boy Can See The Difference With His Eyes Closed ! :o 

 

 

Go Hammock Boy !

Go Finish Line In ‘Site’ !

Go NyQuil !

 

:D  :D  :D 

  • Thanks 1
  • Haha 13
  • Upvote 1
Link to comment
Share on other sites

Just now, DinarThug said:

 

Even Hammock Boy Can See The Difference With His Eyes Closed ! :o 

 

 

Go Hammock Boy !

Go Finish Line In ‘Site’ !

Go NyQuil !

 

:D  :D  :D 

Waking up Clown 😊 .... Having coffee.... I'm in Hawaii time.... It's 5:45am here.

 

Have a nice day DV

 

Thanks DT:twothumbs:

  • Like 1
  • Haha 1
  • Upvote 6
Link to comment
Share on other sites

2 minutes ago, Carrello said:

Hammock Boy, there is nothing sexier than a man that is curious and looks for answers, especially when it comes to their investments. Thanks for the info.  

You're welcome Carrello, 

We are getting really close to see the real market value of the IQD

Have a wonderful and blessed day:twothumbs:

  • Haha 1
  • Upvote 7
Link to comment
Share on other sites

24 minutes ago, Laid Back said:

Waking up Clown 😊 .... Having coffee.... I'm in Hawaii time.... It's 5:45am here.

 

Have a nice day DV

 

Thanks DT:twothumbs:

 

Good morning brother, a super day out to you. :tiphat: I hear the coffee is good out there, fresh, mountain grown, toasted to perfection, a distinct taste that warrants more then one cup :D 

  • Thanks 1
  • Haha 1
  • Upvote 2
Link to comment
Share on other sites

2 minutes ago, Wiljor said:

 

Good morning brother, a super day out to you. :tiphat: I hear the coffee is good out there, fresh, mountain grown, toasted to perfection, a distinct taste that warrants more then one cup :D 

Good day out to you my brother.....  :twothumbs:Good coffee here:twothumbs:.... Starting the day with a 12oz cup:D

  • Upvote 2
Link to comment
Share on other sites

3 minutes ago, Wiljor said:

I hear the coffee is good out there, fresh, mountain grown, toasted to perfection, a distinct taste that warrants more then one cup :D 

 

Hammock Boy Has A Special Hawaiian Mountain Grown ‘Blend’ Laced With A Generous Dose Of Maui Wowie ! :o 

 

 

Then After He Calls Dominos To Satisfy The Raging Screaming Munchies - He’ll Settle Back In For A Peaceful 3 Day Nap Or Two ...

 

:D  :D  :D 

  • Haha 4
  • Upvote 1
Link to comment
Share on other sites

You got me again Thug.  I didn’t realize this was your post. I had just drank from my hot tea.  Yes you made me LoL, and yes I am now cleaning my desk!!!!!   It’s all good I like a good laugh and you do provide a lighter side on this board. Thank you!

  • Haha 3
Link to comment
Share on other sites

1 hour ago, Floridian said:

I don't understand this.  Do they like the value the way it is?

 

 "The deletion of zeros not because of the value of the dinar, ....."

 

No, what they meant by that was they aren’t deleting the zeros for the same reason that Venezuela did, (because of their massive loss of value). They are saying the dinar has gained value. 

  • Thanks 3
  • Haha 1
  • Upvote 1
Link to comment
Share on other sites

23 minutes ago, Half Crazy Runner said:

 

No, what they meant by that was they aren’t deleting the zeros for the same reason that Venezuela did, (because of their massive loss of value). They are saying the dinar has gained value. 

I’ll be happy when my bank account gains value, I’m holding on by a thread now 😀

  • Thanks 1
  • Upvote 5
Link to comment
Share on other sites

18 hours ago, DinarThug said:

Governor of the Central Bank: Reserves are re-increasing

The Central Bank of Iraq has succeeded in strengthening the country's reserves of hard currency and precious metals to more than fifty billion dollars, expected to continue this process with the improvement in the performance of the bank and recovery from the difficult situation experienced by the country with the collapse of oil prices and the invasion of a terrorist organization calling for a third of the country. 

In an interview with a number of media officials at the headquarters of the General Administration yesterday, the Governor of the Central Bank Ali Mohsen Al-Alak said that the reserve managed by the bank has been achieving a greater return than before, which is due to the diversification in the operations associated with its management and to the program to develop cadres, These operations by himself without intermediaries as it was in the past, and confirmed that the reserve amounted to 51 billion dollars today.

The reserves fell in 2016 to $ 43 billion in the circumstances that followed Iraq after the collapse of oil prices, the country's main source of income and the only source of hard currency, as well as a sweeping invasion, which covered one-third of the country and resulted in very poor social, economic and political conditions. The reserves were in the range of $ 77 billion in 2013. 

Al-Alak said that the bank has also been interested in recent years in the development of public and private banking. He said that he has completed the infrastructure of the smart card system, which is now ready to deal with it even through mobile phones, Government has agreed to pay the salaries of employees through banks through special accounts of staff, noting that some ministries have begun using this system, and stressed that the Bank 's plan to modernize the currency in circulation and the deletion of zeros.

Al-Alak pointed out that the bank did not allow him in previous circumstances to play his role in stimulating the national economy, he is now working in this direction, referring to the initiative launched by the bank and the monitoring of 6 trillion and 500 billion dinars to lend to industrial and agricultural projects, including trillion and 500 billion JD for small projects. 

The central bank governor said that the bank has also managed to address the situation of most of the troubled private banks and the troubled, noting that the large international banks seeking to work in Iraq and referring to what he called signs of the return of foreign investment to Iraq. 

On the external debt, al-Aalak stressed that it is still acceptable, pointing out that the external debt is mostly inherited from the previous regime (41 billion dollars) while foreign debt in this era is 29 billion dollars and internal 42 billion dollars.

http://almadapaper.net/Details.....8%AF%D8%A9

 

5 hours ago, DinarThug said:

Venezuela to delete three zeros from its currency and Iraq is still afraid of "circumvention"


فنزويلا تحذف ثلاثة أصفار من عملتها والعراق ما زال يخشى 

 

27th March, 2018

The Venezuelan government has decided to delete three zeros from its currency to enter into force this year, while Iraq is still cautious in its decision because of its fear of fraud, which is expected to help to tighten and improve the performance of banknotes.
 
Venezuelan President Nicolas Maduro has ordered a change in the currency unit of the faltering local currency by removing three zeros from its value amid excessive inflation and an economic crisis in the country, Venezuelan media reported. Maduro said the measure would come into effect on June 4 and would have no effect on the Bolivar value. The action shows the collapse of the Bolivar, which fell 99.99% against the dollar on the black market since Maduro came to power in April 2013.
 
But Maduro, according to media, presented the move as a positive development aimed at protecting Venezuela from speculators in the currency market and from a US-led trade war against the Organization of the Petroleum Exporting Countries (OPEC). While the measure appears to be a revaluation, Cash for the currency as the country will not change the official exchange rate.
 
In parallel, between the governor of the Central Bank of Iraq on the words in an interview with Iraqi media: "The deletion of zeros not because of the value of the dinar, but for the purpose of tightening and improve the performance of banknotes and reducing the use of the dollar locally in circulation and exchange and storage value and standardize the size of banknotes," indicating "The subject of deleting zeros from the currency is ready but needs an environment suitable for its application to prevent manipulation and fraud by the owners of vulnerable souls.
 

LINK

Venezuela to delete three zeros from its currency and Iraq is still afraid of "circumvention"


فنزويلا تحذف ثلاثة أصفار من عملتها والعراق ما زال يخشى 

 

27th March, 2018

The Venezuelan government has decided to delete three zeros from its currency to enter into force this year, while Iraq is still cautious in its decision because of its fear of fraud, which is expected to help to tighten and improve the performance of banknotes.
 
Venezuelan President Nicolas Maduro has ordered a change in the currency unit of the faltering local currency by removing three zeros from its value amid excessive inflation and an economic crisis in the country, Venezuelan media reported. Maduro said the measure would come into effect on June 4 and would have no effect on the Bolivar value. The action shows the collapse of the Bolivar, which fell 99.99% against the dollar on the black market since Maduro came to power in April 2013.
 
But Maduro, according to media, presented the move as a positive development aimed at protecting Venezuela from speculators in the currency market and from a US-led trade war against the Organization of the Petroleum Exporting Countries (OPEC). While the measure appears to be a revaluation, Cash for the currency as the country will not change the official exchange rate.
 
In parallel, between the governor of the Central Bank of Iraq on the words in an interview with Iraqi media: "The deletion of zeros not because of the value of the dinar, but for the purpose of tightening and improve the performance of banknotes and reducing the use of the dollar locally in circulation and exchange and storage value and standardize the size of banknotes," indicating "The subject of deleting zeros from the currency is ready but needs an environment suitable for its application to prevent manipulation and fraud by the owners of vulnerable souls.

 

*****************************

 

Venezuela faces economic crisis by eliminating 3 zeros from the currency

Venezuela faces economic crisis by eliminating 3 zeros from the currency
 
 26 March 2018 07:25 PM
From - Noha Al-Nahhas:

Direct : Venezuela is resorting to every period of "unconventional" solutions to meet its financial crisis, which is more complicated each period, with continued high inflation and the contraction of the economy.

Despite the failure of the Venezuelan government's solutions to end or reduce the crisis, it continues to announce new solutions that seem out of the ordinary.

Remove 3 yellow coins

The move to remove three zeros from the currency of 100 thousand Bolivar is the last step announced by the President of the country, so the cost of the "egg" one 250 Bolivar, after $ 250 thousand dollars.

That plan coincides with the political plan of Henry Vaclavon, who will run in Venezuela next May to make a radical reform, as he tries to follow the steps of some countries such as Ecuador and Panama to convert the local currency there to the US dollar.

Venezuelan President Nicolas Maduro's move comes in response to criticism that excessive inflation should be controlled, while the IMF expects prices to rise by 2300 percent this year.

The plan is due to go into effect on June 4.

With the acceleration of prices in Venezuela, the government announced last November the launch of a new currency worth 100 thousand Bolivar.

Putting an electronic coin

The introduction of an electronic currency backed by Venezuela's oil reserves was another step Venezuela took to counter rising inflation. Venezuela announced in February the benchmark price of the currency.

Venezuela announced at the time that the price of the currency was determined according to the price of a barrel of oil in January, and the President said that the receipt of intentions to buy a value of 735 million dollars in the first days of the first sale of the currency.

While US President Donald Trump decided to prevent US citizens from buying the "petro" currency as part of the effort to tighten the screws on the Latin state, where Washington is imposing economic sanctions.

Increase wages

In a move contrary to economic principles, Venezuela decided last January to raise the minimum wage by about 40%, which leads to an increase in the rate of inflation.

Economists point out that wage increases with steady production mean more money will chase fewer goods, raising prices more and more.

In January, Madro announced the move, following 6 increases in 2017, making the citizen's salary at least 797.510 thousand Bolivars a month.

Venezuela has seen an increase in prices by about 1369% in the period from January to last November.

link

  • Like 1
  • Thanks 1
  • Upvote 2
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.



  • Testing the Rocker Badge!

  • Live Exchange Rate

×
×
  • Create New...

Important Information

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