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  1. Muhammad Salih, was Shabibi’s right hand. He knows what Shabibi wanted to accomplish; 1) reduce the amount of cash in circulation, 2) delete the 000 zeros project, 3) increase the dinar value against the dollar 4) rollout lower denomination notes to give purchasing power to the people. By devaluing the dinar 22% last December and increasing financial inclusion, I believe the CBI has drastically reduce the amount of cash in circulation inside Iraq. 1) Now, I think We are moving towards 2) delete of the 000 project. Go Father’s Day. Go RV
    13 points
  2. This guys have been studying the the dinar exchange rate for many years. You guys remember the feasibility study done by ministry of planning around 2010. $1.13 per dinar. They know they can’t continue with the actual exchange rate for much longer if they want to develop the private sector, industrial sector, agricultural sector, reconstruction and important projects. They have signed many MOU’s and trade agreements with many countries around the world.... The world is waiting Iraq.!
    9 points
  3. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Pimpy Article: "Al-Kazemi's advisor: The Central Bank is able to control the exchange rate of the dollar against the Iraqi dinar" Quote: "The Central Bank had confirmed the stability of the dollar exchange rate and the absence of any intentions to change it." People keep talking about this...that a rate change is coming - coming sooner than you know. I believe it's going to change too but not that dang soon...I'm surprised it's taken this long but hang tight it's going to happen... *** Frank26 The U.S. Treasury directly told the CBI, 'Raise the value of your currency'...we have articles - IMF telling the CBI, 'Raise the value of your currency' directly. I mean directly the World Bank tells the CBI, 'Do it. Do it. You're sovereign. Raise the value.'...Look at all of those that are telling them to raise the value of their currency beside you. *** Pimpy We haven't had any kind of disruptions recently. No civil unrest. No protests. No missiles. No terrorist attacks. No Iran being bullies. It looks like foreign companies are coming in to do business. Looking real good. And the dinar is going in the right direction. *** Kaperoni Almost a year after it was written, Iraq still has not implemented the majority of the 'white papers' which were designed to diversify Iraq's economy. I assure you, Iraq has no intention to raise the value of the dinar under the current conditions. Iraq must pass laws and create a suitable investment climate before the dinar could ever appreciate in value. ...as I've stated numerous times the Iraqi dinar is pegged to the US dollar so outside the country the exchange rate is fixed and does not change. Until they decide to unpeg and float the dinar there will be no International change in the currency value.
    9 points
  4. Parliamentary Finance warns the Central Bank of the collapse of the Iraqi dinar 2021-06-21 04:11 Shafaq News/ On Monday, the Parliamentary Finance Committee warned the Central Bank of the collapse of the Iraqi dinar against the US dollar, while the government demanded to impose measures on private banks and control the market. Committee member Muhammad Al-Shabki told Shafaq News Agency, "There are fears of the collapse of the Iraqi currency in the coming period due to the continued government confusion and the lack of control over the dinar exchange rate against the US dollar." He added that "losing control of the exchange rate may lead to the collapse of the currency in the coming period," noting that "the government, the Ministry of Finance and the Central Bank are required to impose appropriate measures and control the market and maintain the exchange rate to avoid the collapse of the Iraqi currency."
    8 points
  5. More propaganda from the dark side of the moon by the "cancel culture" crowd. Can't beat him .....run him out of town with a bunch of fake reporting.....typical lefty move! CL
    8 points
  6. “Deleting zeros” .. a government talk about two conditions for implementing the project June 20, 2021 Today, Sunday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, set two conditions for deleting 3 zeros from the currency, while stressing that the option to delete is on the table to reform the cash payments system in Iraq. Saleh said in an interview carried by the Iraqi News Agency, "The Central Bank of Iraq has developed a project to delete three zeros from the Iraqi currency in order to reform the cash payments system, which has become burdened with the insomnia of the economic blockade imposed in the nineties of the last century, and put it into research and study long ago, after that." Examining about 54 international experiments since the end of World War II until the second decade of the twenty-first century, which took place in various countries of the world in which the monetary payment systems were reformed and made to work more efficiently, the last of which was the Islamic Republic of Iran and before that, Turkey. He added that "the phenomenon of increasing zeros in the monetary unit or adding zeros to a single monetary unit usually comes due to the exposure of economies to unruly waves of inflation or continuous sharp rises for years in the price level due to wars, sieges and conflicts, which lead to financing the deficit of government budgets through cash issuance." . And because the price means the value of goods and services expressed in cash, the continuous rise in prices without stopping leads to the erosion of the value of the monetary unit, which requires the issuance of larger monetary categories due to the lack of value of the smaller monetary groups and the disappearance of their ability to cover transactions and exchanges of high monetary value in the market. He continued, “Accordingly, the monetary value of things or tangible assets and others inflates, and when inflation ends, according to which prices have increased to three decimal places, or more or less, according to the nature of each economy, countries resort to reducing the artificial reproduction in numbers, especially in the numbers of accounts books, budgets and various numbers of tools.” Accountability, after two conditions are met. Saleh explained that "the first condition is price stability and global economic growth, and the second is appropriate stability in political life, so the importance of deleting zeros from the currency and slimming currency units as a necessary condition for reducing accounting numbers and facilitating arithmetic use and the cost of managing new large numbers and the absence of small numbers and fractions," he stressed. It is noted that the slimming of the coins comes because of their role in sustaining the calculation of huge numbers of financial values, which are not absorbed by ordinary computers due to the large number of decimal places and the emergence of many accounting errors, especially dealing in trillions, which means that the one number in front of it has 12 decimal places.
    7 points
  7. The dollar argument Sunday 20 June 2021 215 Yasser Al-Metwally The ongoing debate regarding the exchange rate and the devaluation of the national currency "the dinar" against the foreign currency "the dollar" reflects the observation that there is a real crisis and it is, however. For the purpose of comparing the risks of raising the value of the dollar against the dinar and its advantages, it is necessary to review the merits, reasons and causes of the decision or action, something called. you will. Calls to raise the value of the dollar to address the issue of weak resistance of local production to raise its ability to compete with imported production were rejected, and that was before the issue of the scarcity of the national currency “liquidity” exacerbated to cover operating expenses “salaries” on top. Hence, the liquidity crisis worsened after the collapse of oil prices that accompanied the Corona pandemic and the signs of the global financial crisis and its effects on the economies of the world. Therefore, the state resorted to the decision to reduce the value of the dinar against the dollar through the reform paper of the Ministry of Finance that was passed in Parliament with the aim of stopping the bleeding of external borrowing and relying on part of the cash reserve. Here the picture seems clear to know the advantages of the reduction from their point of view. But what risks and defects did the decision leave behind, and what are the reasons behind these results? The paper was somewhat hasty, as it dealt with the liquidity crisis with the impact of the shock, i.e. an unprecedented devaluation of the national currency against the dollar. This decision led to dire and unimaginable adverse results, through high inflation rates that exceeded the currency printing procedure as an alternative “for comparison and not to support this measure.” . What happened from the rise in food and medicine prices, the most necessary and urgent needs, if we calculate the rates of poverty and unemployment and the volume of chronic diseases that raise controversy. The reason is that this decision or measure, i.e. devaluation of the national currency, is taken in light of a stable economic situation and not in the same situation as the country's economy. I cautioned here and on this page in particular, since discussing the issue of currency devaluation, that the devaluation should be thoughtful and gradual in order to mitigate the impact of the shock, but unfortunately the proposal was not taken seriously. If the devaluation of the dinar against the dollar was gradual; When we reached these controversial results, and the fiscal and monetary policies were able to deal with the matter easily and easily, and without strong impacts affecting the standard of living of the citizen by gradually re-raising the value of the dinar and all problems were resolved. Invitation to the Central Bank and the Ministry of Finance There is still time for a gradual adjustment of the exchange rate; Because the situation is intolerable, what is required is a satisfactory solution for all. And the need for this measure to be accompanied by investing surplus oil revenues in activating the productive sectors to achieve the desired goal of economic stability.
    7 points
  8. You just keep spreading the joy....you never know what might happen in the future.... CL
    7 points
  9. The Cheney family has deep pockets so that $58 grand won't hurt a bit..... What would hurt is if they, and all of the other old guard establishment politicians get cut off of the gravy train by Trump, or any one else.......they are fighting for their existence....their way of life.....even trying to avoid prison due to the depth of corruption they are involved in..... Cry me a river for poor Liz Cheney........she reaps what she sows... CL
    7 points
  10. This project is always postponed why even wasting time mentioning it.
    6 points
  11. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in their IMAGINATION, or to just try to be important and have something to say. RON Fleming ...WF, HSBC, (and thousands of Redemption Centers), all of the banking entities involved, wait along with millions of us, for the start to begin the exchange process – expected last night. ...No rates were publicly given, and FOREX did not demonstrate the New Iraq Dinar values - along with 22 other new currency values. So what happened? We may never know...What matters is that the RV GCR is moving forward...There’s no stopping RV GCR. FOREX rates are updated every TUESDAY, THURSDAY and SUNDAY... MarkZ ...I believe this is going to be a very interesting week...I believe this is going to come at us at a million miles an hour this week...I heard from my banking contacts there was a major push for this to go last night. There is a lot of folks still in place. My redemption folks in Europe are staying in place...Europe is still holding on to hope... As for rates…lots of different rates showing on banks screens …nothing settled…my banking guys do not know what the rate will finally be…We are just waiting for that shoe to drop. I know it’s hard when we are so close… Holly ...all my sources are saying everything is done. We just await the final release and notifications. We clearly are on an any moment release. ***** *****
    5 points
  12. If everyone recalls the days of Shabibi ... the plan was to remove the three zeros from the exchange rate, and the older notes would coexist with the new lower denomination notes. The larger notes would be used primarily for banking transactions. We know much has changed, but I believe the plan is still the bedrock of the newer plans and white papers they have been discussing. Only time will tell - when they actually make the required changes and move forward into a market economy and go international. Also, consider their natural resources: oil, natural gas,gold, mineral deposits, and more. Blessings ... RON
    5 points
  13. The orange man bad plandemic,it did what the left wanted it to do get trump out of office so the left can divide the masses and turn this country into a socialist country and keep all little sheep happy with all that free money
    5 points
  14. Watching like a hawk for more buying opportunities. Last Monday, I bought in early and it went up fast and stayed. This Monday, it is the other way around. Still up. Still HODLing. Still buying. Bought more at $56.
    5 points
  15. And the nation has come so far under the Biden/Harris ticket...... Looking forward the the DNC implosion......coming soon......AOC takes down Biden and the Establishment left...... Yep.....some real "healing" ahead......😮 CL
    5 points
  16. This article is worthless.....no practicle value......a waste of space.... You did however get your little jab in for the day.....so good job.......just keep poking the Bear.......I'll quote your article..... "Stupid is abundant with the Q crowd and the Trump fools," Guess many in here are "Stupid" and "Fools"............ CL
    5 points
  17. If yesterday was called seed donor day you might get more notice from the family hating left.
    5 points
  18. Very thoughtful of Donald to include those who might not like him in his Fathers Day message...... Wonder if Biden even knew it was Fathers day?.....or if Harris was too High to acknowledge the day? Perhaps Joe was afraid he might get in trouble with his handlers.....he seems to mention that quite often! CL
    5 points
  19. Ready for any dips this week. Picked up some this morning at $61 to bring my holdings up to 1000. Boom! This is going to be a crazy ride. HODLing!
    5 points
  20. ( IQD Rates - Updated: Sunday - 6/20/2021 Official Central Bank of Iraq (CBI) Dinar Rate: 1460 IQD to 1 USD Dinar Market Rate: (CBI last reported 6/16/2021) * No Change 1485.500 IQD to 1 USD - Rates Are Within IMF 2% Rule: YES... (Rate is at 1.7466%) - Are Rates IMF 2% Rule Compliant for 90 Days: NO -- Only 4 days in compliance..! Have a Blessed Sunday Everyone - GOD is Good & Faithful..! RON
    5 points
  21. So will the RV come back around on the flashing back computer screens? They must have passed me up if they are now in tier 4B.. apparently I’m tier 2muchBS and didn’t get the memo!! 🤪
    5 points
  22. Rvmydinar, I’m sure the article is from a real source but everything related from my Iraq Shia friend I post in the rumor section. Usually it’s conversations that we have and I just don’t want to mislead anyone potentially. Obviously I know what we talk about is true and real but with the gurus constantly lying to everyone, I just feel safer posting anything related to him in rumors. So everyone can chose wether to believe it or not. also, it looks like the article was just posted in the news section by someone else..
    5 points
  23. Here is your “Good News of the Week.” We are WINNING on many fronts. There will be MANY more wins, so take courage! Good News of the Week, June 13, 2021: 1. Delegates from 13 states have now toured the audit facility in Maricopa County, AZ, and more will follow. President Trump is encouraging states not to be intimidated or suppressed and to show courage under fire. 2. The hand recount is wrapping up in Maricopa. Many ballots are missing. Huge discrepancies are expected between the number of ballots certified and the number available to be counted. 3. Attorney General Merrick Garland threatened to get involved in the Arizona audit, but Arizona lawmakers were not intimidated. Instead, AZ State Senator Wendy Rogers warned the AG, “You will not touch Arizona ballots or machines unless you want to spend time in an Arizona prison.” 4. As of May 14, 2021, legislators had introduced 389 election integrity bills across 48 states. Twenty-two bills had already been enacted, 61 are moving through legislatures and 32 have passed at least one chamber. There will be more. 5. The Fake News Media has been forced to admit several times lately that President Trump was right. Trump issued a fiery statement listing their top ten lies then expanded on his statement via a satellite appearance at Mike Lindell’s “MAGA Frank Rally” in Wisconsin yesterday. You can watch his speech at RSBNetwork.com. 6. Another MSM false narrative has been debunked. MSM repeatedly lied and said that President Trump cleared Lafayette Square by ordering protestors to be tear gassed so that he could have his photo taken in front of St. John’s Church. The DOJ Inspector General just released a report showing that President Trump had nothing to do with it. It was all lies. 7. More video has surfaced of US Capitol Police (USCP) allowing people into the building January 6th. Senator Ron Johnson (R-WI) is asking all the right questions and demanding answers and security footage from the Acting Chief of USCP, Yogananda Pittman. 8. Kamala Harris’ trip to Guatemala and Mexico was so bad that even the MSM was forced to report the disaster. CNN is also reporting that her poor performance has “left some administration officials quietly perplexed...” 9. Only 40% of likely American voters believe that Dr. Fauci has told the truth about US government funding for gain-of-function virus research. 10. The Florida Board of Education has banned the teaching of Critical Race Theory and the “1619 Project” in their public schools. 11. In 2017 through 2020, President Trump’s DOJ was secretly surveilling at least a dozen people associated with the House Intelligence Committee. This was part of an investigation to determine who was leaking classified information out of Congress to the Fake News Media in order to drive the Trump/Russia hoax. Adam Schiff and Eric Swalwell were among those surveilled. 12. Texas Governor Greg Abbott announced that Texas will immediately begin building border barriers along stretches of the Rio Grande where immigrants are easily crossing into our Country illegally. Arizona Senator Wendy Rogers is trying to get this done in Arizona, too. 13. Nickelodeon has been aggressively trying to sexualize our children the last few years. This has lead to a ratings collapse. The channel was averaging 1.2M viewers per week in 2017, but they now average less than a third of that. 14. Soccer fans around the world are booing players as they “take the knee” before games to highlight racial injustice. Several countries have formally announced that their players will not be pressured to conform. 15. Anti-woke rapper Tom MacDonald went mega-viral again with his new song, “Snowflakes.” The song is number one on iTunes and has more than six million views in its first week on YouTube. Tom is a huge voice to wake up our youth. 16. The best news is that “God did not send His Son into the world to condemn the world, but that the world through Him might be saved.” John 3:17 “For God so loved the world, that He gave His only Son, so that everyone who believes in Him will not perish, but have eternal life. John 3:16. He who testifies to these things says, “Yes, I am coming quickly.” Amen. Come, Lord Jesus. Revelation 20:22. Hat tip to @DaneanHere from "Good News of the Week."
    4 points
  24. Let's look at a worse case scenario: They LOP the three zeros from the currency, then do what they have always stated they wanted to do - return to the Golden Dinar ($3.33/IQD). Assume you paid $1,000/million IQD. Currently that's worth $684.90 using the current exchange rate of 1460:1. If they went to a $3.00 rate initially, your $1000 investment would be worth $2,055. that's still a 100%+ return, and not a loss. Granted, it's nothing like we were hoping for, but it's better than nothing. If $3.20, then your $1,000 would be worth 2,192. This is just something to consider....remember, Shabibi is still advising in some capacity, so who knows. RON
    4 points
  25. No sweat were winning
    4 points
  26. From what is happening I see extreme potential for things to seriously turn in our favor beginning Wednesday.
    4 points
  27. People don't let today dissuade you in the last. This was a last dich effort by the Hedgies and Brokers to scare you off. The Forced Margin Call rule was approved today and will be implemented on Wednesday. That is going to have a massive effect in our favor. Watch "AMC LIQUIDATIONS AND AUTOMATIC MARGIN CALLS! - NSCC-002 APPROVED!! - (Amc Stock)" on YouTube
    4 points
  28. I am getting tired of the dips I bought all the dips I can now I am so ready for this ROCKET SHIP to take off to the MOON!!!
    4 points
  29. Got the chips out for the dips! Expecting more opportunities to buy, this week. 🤝 🦍 🦾
    4 points
  30. I don’t get millions of people wanting America back to leading from behind and importing oil from Iran .. I really don’t
    4 points
  31. I have to agree, this pandemic is over! My issue is, they don't want it over. Now they're starting with the fear tactic regarding these variants. Where the heck are these variants coming from. Why now?! What lies are they spreading now. ENOUGH IS ENOUGH! Hydrocloriqiun will fix it I bet!!!
    4 points
  32. Yeap it is coming!!! After 18+ years of the same ole foolishness what else did they expect!!
    4 points
  33. Debt like this shouldn't ever be an issue.....If you and I ran our financial lives like World Governments do we'd be in prison..... CL
    4 points
  34. With the US debt at $30 trillion......and derivatives north of $250 trillion.....the US shouldn't be sitting at the head of the table..... Worse is the entire World is in the same mess......and debt is the cause..... The US is having trouble taking care of themselves....isolation and self dependence is the right path.... CL
    4 points
  35. Al-Kazemi announces new housing projects in Baghdad and the provinces Basmaya Complex. "Internet" Reconstruction and building Economy News - Baghdad Prime Minister Mustafa Al-Kazemi revealed, on Saturday, new housing projects in Baghdad and the provinces, during his visit to the Basmaya complex. Al-Kazemi said in a statement to the Prime Minister's Media Office, which was reviewed by "Economy News", that "I am pleased to visit the city of Bismayah after it was revived during the past year, and I am here to supervise the implementation process of the decisions taken and direct them to speed up." He added, "During the past year, we provided the required amounts for the company executing the project to intensify work in it, after the company's work had been suspended since 2019 due to the economic crisis, useless laws and improper management." He continued, "We reduced the minimum down payment from 25% to 10% to facilitate the matter for citizens wishing to buy apartments in the Basmaya complex," noting that "we also reduced the annual interest rate from 4% to 2% in support of citizens in light of challenging circumstances. current economic. And he indicated that "there was a great deal of reluctance in the project due to a number of wrong decisions and instructions and incorrect management, and we corrected the path with several measures, and indeed the citizen was encouraged to buy all the apartments available in the city." He said, "We are currently working on developing the project to reach its goal, which is 100,000 housing units, of which only 35,000 have been completed so far, and we are working to support the Bismayah complex by establishing the required infrastructure, including the construction of a highway between Bismayah and Baghdad, and we have allocated sufficient funds for it in budget this year. And he added, "We also worked to support several economic projects and small investment opportunities for citizens to activate the wheel of economic movement in the city of Bismayah," stressing, "We seriously support other projects to reach one million housing units across Iraq." He pointed out that "we finally voted to establish the city of Rafael after removing all legal and other obstacles, and it is ready to go." He stressed that "work is underway to launch more than ten similar projects in Baghdad and all other provinces to build new cities and housing complexes." Views 313 Date Added 06/19/2021
    4 points
  36. YES!!! May we leave a financial legacy that extends down through generations!
    4 points
  37. Just in case where will you be riding your horse because someone will need to collect your dinar and I would not be opposed to making sure it falls into the right hands. As in mine
    4 points
  38. Just keep HODLING, we will win the battle!!
    4 points
  39. This thread is a fine example of different posters willing to help each other. That's what is so nice about being able to reach out for assistance and have people more than willing to help and not ridicule. A tip of the hat to those fine folks. ( and then there's Davis ) lol pp
    4 points
  40. Iraq is studying addressing the effects of changing the exchange rate and investing in high oil Abdul Karim Al-Faisal, Chairman of the Council of Advisors in the Presidency of the Iraqi Council of Ministers June 21, 2021 08:53 PM Mubasher: The Council of Advisors in the Presidency of the Iraqi Council of Ministers disclosed today, Monday, two directions through which it works to support and advance the private sector, and while it identified two options for investing in high oil prices, it revealed a joint study to address the effects of changing the dollar exchange rate. Abdul Karim Al-Faisal, head of the commission, said on the sidelines of the e-learning assessment workshop held by the council of advisors to the Iraqi News Agency (INA), that "the council of advisors, under the guidance of the Prime Minister, Mustafa Al-Kazemi, worked to find ways to support and advance the private sector." Pointing out that "the Prime Minister believes that there is no economy in any country without a strong private sector." Al-Faisal added, "The authority worked in two directions to support the private sector, the first is to simplify the procedures for obtaining licenses, exemptions, and others, and the second most important is to provide loans to industrialists and private sector men in various commercial, service and health sectors, the repayment of which is long-term and with very low interest rates at the initiative of the Central Bank and through a committee It is headed by the Secretary-General of the Council of Ministers, with the interest of the Council of Ministers and the President of the Council in supporting the private sector. He continued, "We also worked on decisions to own industrial lands for owners of industrial projects who had taken an industrial license or operated it for five years, and it is now under implementation," stressing that "these decisions give great support to the Iraqi product, and therefore the authority was proactive in preparing and taking them." He pointed out that "the commission, under the guidance of the prime minister, had a role in preparing seminars to hear the problems of the private sector and the problems that are encountered in the investment sector, and they were submitted to the prime minister, and decisions were taken on them." Regarding the rise in oil prices, Al-Faisal explained that "there is a budget deficit of 29 trillion dinars, and it is possible to bridge the deficit through high oil prices." He pointed out that "the government is likely to go towards preparing a supplementary budget to address sectors that have not been allocated sufficient funds, such as the health sector and support for farmers and peasants through a committee chaired by Ali Allawi, Minister of Finance, who is an expert in this." Regarding changing the exchange rate of the dollar, Al-Faisal stressed that "there is a study conducted by the Central Bank with the Ministry of Planning and economic experts, to address the effects of changing the exchange rate process in order to reduce its effects or activate the positives of the decision."
    3 points
  41. These sneaky bastards have it coming to them!
    3 points
  42. Frankly there's no reason the "cancel culture" shouldn't work both ways..... The left thought it was a cute move when they started the process against conservatives who were posting factual info on Covid and Hunter Biden... Trickle that all the way down to DV.... If the ownership of twitter and facebook can play the cancel culture game......why can't the ownership of DV do the same.....? CL
    3 points
  43. I guess this is what Biden was considering “ Infrastructure “
    3 points
  44. The other article was talking about " deleting 3 zeros " and this article was talking about " collapse of the iraq dinar ". This is really conflicting stories to keep the dinar investors confused and give up and sell their dinar. Oh no, i wouldn't fall for this crap. Again, i won't sell mine until the crazy ride is over.
    3 points
  45. Yeah, I heard VIP membership might be a requirement in the near future. GO RV, then BV
    3 points
  46. 3 points
  47. Don't let this stop here.
    3 points
  48. For the reform of the monetary currency system .. the financial advisor to the Prime Minister sets two conditions for deleting “three zeros” from the Iraqi dinar Posted 2 hours ago news source / Sky Press https://iraqakhbar.com/3153084 On Sunday, the financial advisor to the Iraqi Prime Minister, Mazhar Muhammad Salih, set two conditions for deleting 3 zeros from the currency, while stressing that the option to delete is proposed as part of the strategies for reforming the currency and cash payments system in Iraq. Salih said that "the Central Bank of Iraq developed a project to delete three zeros from the Iraqi currency in order to reform the cash payments system, which has become burdened with the insomnia of the economic blockade imposed in the nineties of the last century, and put it into research and study a long time ago, after reviewing about 54 international experiments since The end of World War II until the second decade of the twenty-first century, which took place in various countries of the world, in which the monetary payment systems were reformed and made to work with better efficiency, the last of which was the Islamic Republic of Iran and before that, Turkey.” He added that "the phenomenon of increasing zeros in the monetary unit or adding zeros to a single monetary unit usually comes due to the exposure of economies to unbridled waves of inflation or continuous sharp rises for years in the price level due to wars, sieges and conflicts, which lead to financing the deficit of government budgets through cash issuance." . And because the price means the value of goods and services expressed in cash, the continuous rise in prices without stopping leads to the erosion of the value of the monetary unit, which requires the issuance of larger monetary categories due to the lack of value of the smaller monetary groups and the disappearance of their ability to cover transactions and exchanges of high monetary value in the market. He continued, “Accordingly, the monetary value of things or tangible assets and others inflates, and when inflation ends, according to which prices have increased to three decimal places, or more or less, according to the nature of each economy, countries resort to reducing the artificial reproduction in numbers, especially in the numbers of accounts books, budgets and various numbers of tools.” Accounting for that after two conditions are met.” He added, "The first condition is price stability and global economic growth, and the second is appropriate stability in political life, so the importance of deleting zeros from the currency and slimming currency units as a necessary condition for reducing accounting numbers and facilitating arithmetic use and the cost of managing new large numbers and the absence of small numbers and fractions, as it is noted that slimming Coins come because of their role in sustaining the calculation of huge numbers of financial values, which are not absorbed by ordinary computers due to the large number of decimal places and the emergence of many accounting errors, especially dealing in trillions, which means that one number in front of it has 12 decimal places. Saleh believed that “the hyperinflation that hit the Iraqi economy in the nineties of the last century added three numbers to the Iraqi monetary unit (that is, one dinar became equal to one thousand dinars, and ten dinars became ten thousand dinars, and so on for the rest of the categories), while the small categories disappeared from circulation completely, but rather Every 250 fils became equal to 250 dinars, and it was considered the smallest monetary unit in circulation today, which raised the cost of micro-transactions that mostly affect the poor segments. He added, “In this way, monetary systems aspire to remove the burden of historical inflation from the folds of the monetary unit by resorting to deleting three zeros from the old currency to equalize the new currency with lower numbers but with the same value. Let’s say, for example, that one new dinar equals 1000 old dinars without change in value or rights. . The accounting books, statistics, numbers and computer systems are also modified with the value of the new currency within an easy and easy reform strategy, and the countries believe that the slimming of the currency system facilitates the circulation of accounting numbers and helps to issue smaller cash denominations for very small transactions whose monetary values have been destroyed by historical inflation in our country such as the dirham and others. He said: “The project to delete zeros in Iraq is still technically prepared by the Central Bank of Iraq, which is the official sectoral authority and the monetary authority concerned with this matter and in cooperation with all three state agencies and authorities, but the project is postponed at the present time until the appropriate conditions are achieved and remains part of the currency system reform strategies. and cash payments in Iraq.
    3 points


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