***Babylon university studies the three zeroes.

[easyrider]

Proposal to raise zeros from Iraqi dinar

A. M. D. Jawad Kadhim al-Bakri

Usually Matqom financial authorities of b (Ministry of Finance) by using the (fiscal policy) in order to maintain the general level of prices, in addition to the use of all productive resources available in the local economy to reach a state of full employment, as well as supporting the march of economic development, and this is done through the use of power financial instruments of fiscal policy b (government spending, and taxes).

The Authority uses financial instruments to address these problems (inflation, recession, unemployment), which is usually self-styled (the gap inflationary and deflationary gap), which might be exposed to the local economy, in addition to their use is targeted to raise the level of growth in the country.

Thus, the fiscal authority has no right to influence money supply and demand as they are the powers of the monetary authority of the Central Bank.

History tells us modern economy that many of the countries of the world (which went through wars large Kaharpin Wars I and II or the collapse of their totalitarian as States of the former socialist camp) has proceeded to one of two things, either you change the national currency or remove a group zeroes them to return to the square of economic stability.

In the U.S. experience in Iraq after the fall of the previous dictatorial regime has the Coalition Provisional Authority to change the currency of the new Iraqi currency, but equal in value, which would not intentionally CPA to raise the purchasing power of the Iraqi currency against the U.S. dollar or other currencies.

This situation led to keep the Iraqi dinar is equivalent to (0.067) U.S. cents, which indicates a significant decrease in the purchasing power of the Iraqi dinar.

If what has lift (three zeros) from the Iraqi dinar, it will lead to increase its value to the (1000) once calculated value Almertbip to the number of zeros that have been filed, any box of cigarettes that were sold (1000) dinars possible purchase after the lifting of the zeroes dinar and one, a thousand dinars and modern can be obtained by the A pack of cigarettes.

In theory and when lifting (three zeros from Iraqi dinar), the purchasing power will rise to the U.S. dollar significantly to become one U.S. dollar equals (JD and a half) just so that the goods imported from abroad, worth before the lifting of the zeroes (1.2 million) Iraqi dinars, equivalent to ( 1000) U.S. dollars, will be worth after the lifting of the three zeroes (1200) Iraqi dinars, equivalent to (1000) dollars as well, and this will Igelb to remember any negative effects on the Iraqi citizen of the theory.

Positives raise zeros from the Iraqi dinar: The process of removing three zeros from Iraqi dinar deliberate, according to a tight monetary policy will lead to the following pros:

1. raise the purchasing power of the Iraqi dinar.

2. revalue the Iraqi dinar against other currencies.

3. increase the confidence of the Iraqi economy to foreign investors.

4. increase the confidence of the Iraqi citizen Bammelth National, which has become comparable to other currencies such as the U.S. dollar and the Jordanian dinar and the Kuwaiti dinar … etc..

http://wp.me/pZC7o-8kr

[zaborniake]

I like the last four points. Sounds like a RV to me.

[Kimberlye]

I like the last four points. Sounds like a RV to me.

Okay, I am so sorry, but I am so confused now. The last four points are the pros for lifting the zeros from the actual dinar itself. I thought if they did that, then a 25,000 dinar would only be worth $25 USD. I know this has been discussed over and over for years, but, for some reason, the answer keeps changing.

I know there are a few different scenarios here. One is to remove the zeros from the dinar, as stated above. Another is to remove the larger bills from circulation, as some have stated. Another is to remove the zeros from the rate.

How can removing the zeros from the dinar be a "pro" for us?

Thank you,

Kim

[Solarcloud]

So let me get this straight.

If I have 100k dinar for example.

You will be left with 100 dinar to cash in at a 1:1 ratio?

I have never understood the raising of 3 zeros!

Okay, I am so sorry, but I am so confused now. The last four points are the pros for lifting the zeros from the actual dinar itself. I thought if they did that, then a 25,000 dinar would only be worth $25 USD. I know this has been discussed over and over for years, but, for some reason, the answer keeps changing.

I know there are a few different scenarios here. One is to remove the zeros from the dinar, as stated above. Another is to remove the larger bills from circulation, as some have stated. Another is to remove the zeros from the rate.

How can removing the zeros from the dinar be a "pro" for us?

Thank you,

Kim

That is exactly what I am comprehending too.

[Kanga]

GO RV

If this is not an RV, then I'm confused!

[Nothing-Ventured]

Are these Babylon University Studies a credible source?

Quote...."1.2 million) Iraqi dinars, equivalent to ( 1000) U.S. dollars, (BEFORE/NOW) will be worth after the lifting of the three zeroes (1200) Iraqi dinars, equivalent to (1000) dollars (AFTER RV?)as well

If I read this correctly, after the RV, 1200 Dinars are equal to 1000 USD?

[ac63corvette]

I think that it is a bad translation. CBI has said for quite a wile that they would recall the tipple 0 bills. That is what the US did with the $500.00 and $1000.00 dollar bills. If yoy finde some at a yard sale they can be exchanged for smaller bills as they are still legal tender. But good luck using them at Walmart.

[Joost]

Euhm,...so its not 1000 dinar x 3.87......... or....... = but 1 dinnar x........ ?

my 25000 k dinar is getting 25 ? is that what they mean?

[Kimberlye]

I think that it is a bad translation. CBI has said for quite a wile that they would recall the tipple 0 bills. That is what the US did with the $500.00 and $1000.00 dollar bills. If yoy finde some at a yard sale they can be exchanged for smaller bills as they are still legal tender. But good luck using them at Walmart.

But that is not what this article is saying. They are saying remove the zeros from the dinar. There's no way to spin this into something it's not, I don't think anyway.

I'm not so happy and a lot confused now.

[keepmwlknfny]

But that is not what this article is saying. They are saying remove the zeros from the dinar. There's no way to spin this into something it's not, I don't think anyway.

I'm not so happy and a lot confused now.

You and solarcloud are dead on....not what we want to hear....althought its still just a "plan" and a study, this plan is getting closer to being submitted to parliment for approval and all we can do is hope that it is shot down and thrown out....

[erhouse]

The way I understand it. 1 USD=.00084 IQD. Lift the zeros, IQD= 84 cents. May be wrong though.

[Solarcloud]

GREAT

Hopefully there are enough factors to have a Revaluation instead of a "lop"

The way I understand it. 1 USD=.00084 IQD. Lift the zeros, IQD= 84 cents. May be wrong though.

I read it again and yes, this does seem plausible also?

[Jack Dinauer]

I could see a redenom if their currency was forever low, but the fact that at one time it was $3+ then took a nose dive, if they redenom then everyone who had money prior that lost its value would still go nowhere with their currency. It would be basically taking what someone had and never giving it back. Sounds like a typical bank/government process. I mean if I was in Iraq prior and had 2 million dinar @ $3+ = 6 million and one day I still have 2 million = $1500 I would think some day I would like the money I have to be back equal to what it was. Not tell me now I have 2,000 dinar = $2K.

[Doctor Smith]

It sounds more like RV to me because.....

1. raise the purchasing power of the Iraqi dinar.

If lopped (Re-denominated) you won't be increasing the power of the Dinar.

2. revalue the Iraqi dinar against other currencies.

If lopped it won't increase against other currencies.

3. increase the confidence of the Iraqi economy to foreign investors.

If lopped foreign investors will have no confidence in Iraq as they could have revalued their currency but instead chose to fail. If you invest in Iraq you won't be allowed to make any substantial money.

4. increase the confidence of the Iraqi citizen Bammelth National, which has become comparable to other currencies such as the U.S. dollar and the Jordanian dinar and the Kuwaiti dinar … etc..

If lopped the only confidence the Iraqis will have is..... That they will get screwed by their own government every time. They lost the money to inflation. The government could have made large amounts of Iraqis wealthy but they chose to lop instead, keeping them in poverty.

[FarmersDaughter]

It sounds more like RV to me because.....

1. raise the purchasing power of the Iraqi dinar.

If lopped (Re-denominated) you won't be increasing the power of the Dinar.

2. revalue the Iraqi dinar against other currencies.

If lopped it won't increase against other currencies.

3. increase the confidence of the Iraqi economy to foreign investors.

If lopped foreign investors will have no confidence in Iraq as they could have revalued their currency but instead chose to fail. If you invest in Iraq you won't be allowed to make any substantial money.

4. increase the confidence of the Iraqi citizen Bammelth National, which has become comparable to other currencies such as the U.S. dollar and the Jordanian dinar and the Kuwaiti dinar … etc..

If lopped the only confidence the Iraqis will have is..... That they will get screwed by their own government every time. They lost the money to inflation. The government could have made large amounts of Iraqis wealthy but they chose to lop instead, keeping them in poverty.

I like the way you think!!!!!

[Carrello]

I am walking myself through this:

* In theory and when lifting (three zeros from Iraqi dinar), the purchasing power will rise to the U.S. dollar significantly to become one U.S. dollar (that is increasing the dinar value)

* equals (JD and a half don't know was a JD is)

* just so that the goods imported from abroad, worth before the lifting of the zeroes (1.2 million) Iraqi dinars, equivalent to ( 1000) U.S. dollars (1.2 dinars worth 1000 US before lifting),

* will be worth after the lifting of the three zeroes (1200) Iraqi dinars, equivalent to (1000) dollars (after lifting 1200 is worth 1000 US- so if you had one million dinar, it would be worth $833,000 US)

* as well, and this will Igelb to remember any negative effects on the Iraqi citizen of the theory.

Or do I have a jaundiced, optimistic eye that does improper math?

You need to read the LOP section. Breitling has an excellent chat video on LOP that he did a few days ago.

[keepmwlknfny]

It sounds more like RV to me because.....

1. raise the purchasing power of the Iraqi dinar.

If lopped (Re-denominated) you won't be increasing the power of the Dinar.

2. revalue the Iraqi dinar against other currencies.

If lopped it won't increase against other currencies.

3. increase the confidence of the Iraqi economy to foreign investors.

If lopped foreign investors will have no confidence in Iraq as they could have revalued their currency but instead chose to fail. If you invest in Iraq you won't be allowed to make any substantial money.

4. increase the confidence of the Iraqi citizen Bammelth National, which has become comparable to other currencies such as the U.S. dollar and the Jordanian dinar and the Kuwaiti dinar … etc..

If lopped the only confidence the Iraqis will have is..... That they will get screwed by their own government every time. They lost the money to inflation. The government could have made large amounts of Iraqis wealthy but they chose to lop instead, keeping them in poverty.

Truth be told, a RD does accomplish those goals.....its a neutral change but the exchange rate will change, and their purchasing power will in fact be greater afterwards......The main problems with foriegn investors is not what the currency does, but just the fact that its hard to do business period in Iraq.....It will have no effect on investors coming in....I wish this wasent the case but hey, nothing has been approved yet and hopefully it will get shot down...

[FishMan1969]

I am walking myself through this:

* In theory and when lifting (three zeros from Iraqi dinar), the purchasing power will rise to the U.S. dollar significantly to become one U.S. dollar (that is increasing the dinar value)

* equals (JD and a half don't know was a JD is)

* just so that the goods imported from abroad, worth before the lifting of the zeroes (1.2 million) Iraqi dinars, equivalent to ( 1000) U.S. dollars (1.2 dinars worth 1000 US before lifting),

* will be worth after the lifting of the three zeroes (1200) Iraqi dinars, equivalent to (1000) dollars (after lifting 1200 is worth 1000 US- so if you had one million dinar, it would be worth $833,000 US)

* as well, and this will Igelb to remember any negative effects on the Iraqi citizen of the theory.

Or do I have a jaundiced, optimistic eye that does improper math?

You need to read the LOP section. Breitling has an excellent chat video on LOP that he did a few days ago.

JD (Jordanian Dinar) is often used in these articles... I believe it may be a mis-translation in most cases. In this article it is referenced twice, so perhaps it means what it says.

Today the exchange rate is 1 JD = 1.411 USD

(a JD and a half is about 2.10 USD???) Who knows!!

And I feel you are correct with the exchange rate used in this example that 1 IQD = .83 USD

[dinarck]

Again another article clearly pointing out that the zeros need to go. No not 000 notes from circulation but redenomination just like all the other articles. If they in fact were talking about a straight up RV then why would they be telling us that they were doing it? Why wouldn't they just do it? Hopefully this gets shot down and we can move on.

[bkharmony]

EasyRider, Where did you find this and what was the date on it?.... I believe this is a replay of an article from at least five to six months ago...Correct me if I'm wrong anyone?

[keepmwlknfny]

EasyRider, Where did you find this and what was the date on it?.... I believe this is a replay of an article from at least five to six months ago...Correct me if I'm wrong anyone?

All thee articles are just a replay....they have been putting these articles out since 2006 detailing this plan they have of RD the currency.....some are more detailed and in depth then others but if you put a bunch of them together, its pretty clear what they mean....

[Dalite]

But that is not what this article is saying. They are saying remove the zeros from the dinar. There's no way to spin this into something it's not, I don't think anyway.

I'm not so happy and a lot confused now.

The only unanswered question is at what value will the notes held outside of Iraq be considered.

What we bought by the million carry remnants of Sadam era hyper inflation.

What the CBI is alluding to is a mechanism to "unwind" those remnants on the notes in circulation without throwing their economy into a tailspin.

We continue to hear reports that the project is ongoing, 50% complete, 70% complete or almost done.

What it amounts to is shifting the rate an equal number of decimal places to the right as the number of zeros to be dropped on the left.

It requires adjustment of prices and wages, while informing the citizens what is ongoing and what the outcome will be.

Inside of Iraq, this is a "revenue neutral" process that will yield a dinar on parity with the USD.

Outside of Iraq, speculators are depending on redeeming full value from the inflation-laden notes.

The outcome still is undetermined, as far as any clearly defined cash in ratio is or face value is concerned.

When the Iraq side of the process is complete, the smaller bills can be released, but there is major speculation what the denominations will be, of if an entire new series will be introduced.

The paper stock that the current notes are printed on has a lifespan. All notes become " spoiled" with use, and are replaced over time. The mechanism is there for an orderly transition to a complete monetary system of all available denominations, but it will never be an overnight process.

We simply do not have enough verifiable information to make an accurate prediction of the outcome at this time.

[Nothing-Ventured]

THANK YOU Dalite.....what you wrote was so helpful!

[2fast4u2c]

Isn't this an old article....am I wrong?

[bagdaddy]

Again another article clearly pointing out that the zeros need to go. No not 000 notes from circulation but redenomination just like all the other articles. If they in fact were talking about a straight up RV then why would they be telling us that they were doing it? Why wouldn't they just do it? Hopefully this gets shot down and we can move on.

Could this be part of the educational process that must go on before an RV? All agree that the zeros need to go---but how. Valid points from all on this thread. I see the RV still in play. I don't understand why this isn't done yet, either. Go RV!