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

CoffeeDave

Members
  • Posts

    121
  • Joined

  • Last visited

About CoffeeDave

  • Birthday 05/15/1956

Profile Information

  • Gender
    Male

Converted

  • Location
    South of Chicago

CoffeeDave's Achievements

Newbie

Newbie (1/14)

0

Reputation

  1. It will be interesting that they are cutting everything about 50% wonder if it is just a 100% price jump they put on Forex and it grows due to the demand
  2. Wow I cant believe no one is doing the math on this This is a 86 cent revalue and looking at the euro going from 68 cents to $1.15 in 5 days. The Dinar will be .85 cents and grow to a $1.00
  3. This is a Must watch it will blow you away.
  4. 180 movie Click here This is a must watch 33 minutes and it will rock your world.
  5. On the way to restructure the Iraqi currency On the way to restructure the Iraqi currency D. The appearance of Mohammed Saleh * In light of economic conditions and volatile financial pressure and monetary inflation that has befallen our country before, and led to negative effects on the regularity of the commercial market and the labor markets and production and living standards of citizens, it has generated distortions many structures, economic relations, among which was the Activity block cash many zeros of little value and way that is not commensurate with the future developments in the present and the future of the Iraqi economy, which requires a solution to these conditions and offal, and these solutions management system reform of the currency during the restructuring and the deletion of zeros to control the flow and management of the cost of the monetary mass to represent The trading bloc cash exporting more than 30 trillion Iraqi dinars to the various groups and reflected by the number of securities traded $ 4 trillion paper money is the product of a long period of inflation and economic decline, rising, for example, the index of consumer prices Bassas 1993 from 100 to 200,000 in the midst of the year 2003, which means that the item that was sold for 100 dinars became sold for 200,000 dinars … And so on. Under such circumstances, the deterioration of the value of the coin currency rose greater than 25 dinars to 25,000 dinars, which means that inflation is added, these zeros *. Categories do not fit with the current currency of the current economic situation and the next. For example, and before the outbreak of the Iran-Iraq war was the category of 25 dinars equivalent to $ 75 purchasing power of the time or the equivalent in the present 300 thousand dinars. I said inflation in the country over three decades of zeros to the currency, although this did not raise those zeros of the purchasing power of the largest category of the coin is 25 thousand dinars, which is equal to today’s $ 21. We need today to restructure the currency. Valasfar mean large cluster of large cash in circulation today of about 30 trillion dinars, which requested the circulation of cash directly and significantly to the cost of sorting and counting and it takes time and spatial properties and security. In the price system, is the price is expressed in exchange value and thus the structure of costs and payments of salaries and the Cubs and eventually become Akiem all transactions not commensurate with the needs of the country into a cash management system consistent with the restructuring of the real sector and price levels reached. The country needs a monetary system is easy to handle small groups and large reflect the real cost of that structure. Especially The more increase the amount of money allocated in exchange for the package itself means that there is inflation or a rise in the price of money). Note that the value of money is inversely proportional with the price of money, especially if Maalmana that price is the value of goods and services expressed in cash. Since the money is anything agreed upon the community to become a broker of exchange and store of value and unit of account, the money (legal) issued by the Monetary Authority under the law and with the power of discharge of the receivables and is seen as a social institution Social Institution increases the efficiency of the economy and economic ventures in moving the exchange efficiency of the institution social or money, and vice versa. Has led to high inflation continued currency in circulation number of 23 billion dinars in 1991 to about (30) trillion dinars at the present time, the high currency the largest category of 25 dinars to 25,000 dinars over time. In this, draw the inflation figures for the new currency in circulation by adding three zeros, which increased the nominal amount of cash operations and arranged the production costs of large quantities of them were accompanied by operations, storage, and distribution of the promise and the counting and auditing standards and the accompanying double, helped the growing risks In the light of price stability and optimism in Iraq’s future development, it became necessary to hold a radical overhaul of management system of currency and the re-structure commensurate with the structure of the new price is different, stable and levels of wages and salaries, which differed significantly from the last thirty years, as well as handling the mass of large cash weak components so that become the largest category of currency, but not worth $ 21 U.S. for the time being. Noting that the increase in gross domestic product, Iraq’s $ 140 billion at year-end 2010 to more than $ 300 billion at the end of 2015, will raise the monetary mass exported from the 30 trillion dinars to about 70 trillion dinars. And installation in the structure of the weak currency as mentioned above may take the added cost is called the cost of cash transactions in terms of traded The demand for the U.S. dollar (in particular the category of $ 100) Amsa is an urgent need for the settlement of cash transactions in the local market beyond the control of monetary policy to the fact that market is looking at the transactions into categories, the largest currently unavailable, but it reflected the category of U.S. currency large for easy carrying and handling. Therefore, the monetary system of Iraq need to reform the administrative order to have a monetary of high purchasing power in the trading easy pregnancy and acquisitions in order to facilitate exchanges cash for the purposes of transactions and trading noting that the imbalance in the structure or installation of monetary units have the depth of the problems (dollarization), which impacted not Mrgobhaly effectiveness and performance of monetary policy. In Sweden, for example, that where there is currently one of the best systems of cash payments in the world, however, the cost of trading cash counting, sorting, transport and storage of the coin cost the national economy gain of 4% of the GDP of Sweden. How can we compare this in a country like Iraq shall be managed so amounts of cash tremendous weak structure, which adds the cost of cash transactions may have up to 8% or more of the gross domestic product, a burden borne by the individual in his dealings, which took reduces the efficiency of the exchange as a social support for the institutions of the economy different, including the market as evidenced by the large cash transactions are limited to the payment in U.S. dollars, which means substituting other country’s currency in circulation for the award of cash transactions because of falling efficiency and installation of the current monetary bloc. On this basis, the need to reform the payments system cash through benefits including: the deletion of zeros next three and economic growth is expected in terms will increase the average per capita income in the coming years to more than once and will step economy step s towards progress, which requires a reform of the waste stages of inflation and may require some legislation in this regard. * Deputy Governor of Central Bank of Iraq http://bit.ly/r4wcpZ This really looks like they are heading toward doing something.
  6. wont happen because of counterfeiting
  7. don't worry there is going to be something maybe huge or maybe a small RV Rev:18 talks about how rich Iraq is going to be they are the richest country in the world before it's demise That is what I'm counting on that small window God Bless You and your efforts. I've been in this for 7 years and have heard every thing in the world why it is going up tomorrow, next week or next year. remember they are not telling any one anything and someone who says they are in the know is not. God Bless You and your efforts.. Dave
  8. And promises to start see the futility of the project - as we believe - it does not lead to raise the value of the Iraqi dinar, we aspire to adopt the CBI and economists project that aims to raise the value of the Iraqi dinar to its previous value to return is equal to (3.33) U.S. $ through a package of measures and bold decisions, the Looks to me is if we are to the end of this thing I really think we are going to see a lop and R/V that will give us about 400% increase that is raising the value. Now all the dealers are going to make a killing again.
  9. Fred is the Cousin of Jim Maggorsky who is the uncle of Tom Wilson you know he is famous for the book Uncle Tom's cabin :lol: I did see this on Currency Hounds. Really if this hits the forex it is going to go up maybe not what we want but could double or triple for sure. here is your link for this story: My link
  10. Maliki confirms that next year will see the radical solutions to economic problems Editor: HAH Tuesday, February 22 2011 16:18 GMT Maliki during a Qahishyuh clans Basra Alsumaria News / Baghdad Iraqi Prime Minister Nuri al-Maliki, on Tuesday, that next summer will cut power plant to provide electricity to the citizens, revealing the proposal for the distribution of generators, small villages and rural areas and isolated from the national grid, while pointed to the formation of a commission to import the ration card items that will be available to citizens as a whole. Maliki said during a meeting with a delegation of the families of the province of Basra, and attended "Alsumaria News", "It is shameful that Iraq is gripped by the rich and the wealth of a power crisis," asserting that "dictatorships and mentalities adventure of the former regime and those around him have brought us to where we are now ". Maliki said that "next year will see a radical change in the government's capacity to solve problems concerning the economy, after an expected increase in our exports of oil and gas," adding that "Iraq will be after a year and a half a source of electric power and not importing them." Maliki said "the Ministry of Electricity presented a proposal to the processing of villages and rural areas, generators small estimated five megawatts to isolate it from the national grid," pointing out that "the Ministry of Electricity will cut off electrical power plants from the beginning of May next until the end of August, to provide electricity to the citizens." The Iraqi Prime Minister Nuri al-Maliki, said in a press conference held at the Press Centre for prime minister, last Thursday, attended by "Alsumaria News", "The power crisis will end no later than 12 or 15 months. The Deputy Prime Minister for Energy, Hussain al-Shahristani announced, on Monday, Iraq's need for 14,000 MW to meet the need of electric power, with The Ministry of Energy of Iran seeks to increase the electric power exports to Iraq about one thousand megawatts and the establishment of 11 stations with electric ones. In another context, Prime Minister pointed to "the formation of a committee under his chairmanship to import the ration card items according to the prices of international stock markets and the finest Almnacy World," stressing that "the government started distributing 500 million dinars to families deprived of ration cards during the past months." Maliki has vowed to "provide all components of the ration card to citizens on an ongoing basis without interruption." Prime Minister Nuri al-Maliki announced on the sixth of this month, the Council of Ministers decided to give each individual Iraqi amount of 15 thousand dinars in compensation for the lack of materials, the ration card, and called on the provinces to assume responsibility for processing the ration and distributed to citizens, depending on the financial allocations from the federal government meanwhile, announced the Iraqi Finance Minister Rafie al-Issawi in the same day, the Council of Ministers for approval to allocate $ 500 billion dinars distributed to citizens, rather than materials that are not available to them under the ration card items. And supports the majority of Iraqis in their food as provide them with tags ration card, and that since the start of the international embargo on Iraq in 1991 after Saddam Hussein's war against Kuwait, including the ration per person, rice, flour, vegetable oil, sugar, tea, washing powder , soap, powdered milk (for adults), and powdered milk (for children), and legumes, beans and lentils and chickpeas, with an estimated value of these materials per capita in the local market at about $ 10, not counting children's milk, while obtained through the ration card $ 500 dinars. It is noteworthy that Iraq is suffering a severe shortage of electric power, since the beginning of the nineties of the last century, and increasing hours of rationing electricity, especially after the year 2003 in Baghdad and the provinces, because made a lot of stations, as well as sabotage attacks on the electrical system of national, particularly the energy transport networks, over the past years, and the steady increase in the consumption of electricity, as a result of the economic openness that the country had witnessed, and the enthusiasm of citizens to buy equipment and materials, electric, which they were deprived for years of the previous regime, as a result of deterioration of the situation Communal sector, and the siege that was imposed on the country following the invasion of Kuwait in 1990. My link
  11. Welcome Newbie I'm not casting any stones you might have a bigger one..
  12. I found this on Currency News Hounds site today I I was wondering about the Dinar R/V as a investment. Is it a dream or are we feeding on all the news and rumors of hoping to be rich on a small investment. Almost like a lottery ticket spend a buck and hope to make millions on our little investment. I have been in this for 7 years now and not giving up. But I really do wonder sometimes. What your Thoughts???
×
×
  • Create New...

Important Information

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