SONIA1
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Dinar Sells For 1:1 on the Following Current Exchange Site!
SONIA1 replied to bigwave's topic in Iraq & Dinar Related News
Thank you bigwave where you getting 1-1?, -
No CBI Daily Auction Today - Thursday - 4/09/2020
SONIA1 replied to ronscarpa's topic in Iraq & Dinar Related News
Cash Edition Saturday 11 April 2020 Dr. Appearance of Mohamed Saleh When the government or the public finances ultimately resort to the central bank as the currency issuing bank, in order to finance the budget deficit in the inflationary cash instrument, this comes mostly through the mechanism of the central bank’s acceptance of treasury transfers as a tool to finance internal public debt in exchange for the issued cash, and the case will continue if the matter begins. Until the foreign reserve of the central bank is worn out due to the increasing demand in the new dinar for the old dollar (i.e. accumulated foreign reserves), which at the same time represents a derivative demand for foreign goods, services and benefits, especially when the domestic productive energy functions are a situation Of Flexibility. Then the country will enter into the swirls of inflationary expectations and the turbulence of the functions of demand itself and turn them into high levels due to a high commodity demand surplus in front of scarcity of supply or its failure to meet demand or total spending, especially when commodity stocks are depleted and its compensation is reduced by passing Time. And this happens in the same way as what happened after 1990, even if it was partially caused by severe inflationary phenomena represented in the deterioration of the value of the currency to three decimal places and the low standard of living together. Therefore, relying on the idea of issuing cash as an alternative financing method for real oil revenues to cover the government's financial deficit requires a serious decision taken by the Council of Ministers and Representatives and the conviction of the monetary authority, starting with the fact that it requires amending Article 26 of the Central Bank Law No. 56 of 2004 which explicitly provides for the prohibition of government lending, that What follows, as we mentioned, is a deterioration in the value of the currency, especially when over-funding government expenditures through this easy money method, whether in financing the revenue deficit or deficit Government expenditure. http://alsabaah.iq/ -
Yes Your president Rouhani is a liar
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I Got mine too 😁
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Jeff is an idiot he doesn't know even how to count
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Head Office: P.O. BOX 64 Al-Rasheed Street, Baghdad, Iraq Telephone: +964 1 816 5171 to 4 Line Website: www.cbi.iq E-Mail: cbi@cbi.iq , cbi@cbiraq.org Status: State Central Bank : Government Bank Ownership: Wholly – Owned by the State Republic of Iraq🙄
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They are talking about this statement from Saleh I think from 2012 Delete the zeros MUST be at the beginning of a fiscal year - Supporting Archived Article DELETE THE ZEROS MUST BE AT THE BEGINNING OF A FISCAL YEAR - SEPT 6, 2012 - Does the project will remain a dead letter permission as described by Central Bank Deputy Director Mohammad Saleh appearance? .... Was the decision to delete zeros of the Iraqi currency in many opinions Pro and con, economists believed that the resolution would lead to the collapse of the national currency and some other that he would return to the country with great interest and unfortunately its await as a joint venture between the Government and the Central Bank. As long as the Government seeks to postponed due to security concern, it could not be implemented this year or the year after – as Deputy Director of the Central Bank — the timing is very important in this case and that its implementation must coincide with the beginning of the fiscal year, so you will not find a space for implementation this year inevitably ... Regrets for the delay of the country's economic performance will improve efficiency as long as currency and reduce the influence of big numbers, monetization needs to cash large and small groups will be dealing with categories such as (50 dinars) and (100 dinars) and (200 dinars) in addition to the categories below as dinar (half dinars and quarter-dinars) and (50 Fils, 25 Fils).Source SEPT 6, 2012 - The policy of the Central Bank — by Salih to the stability of the dinar against the US dollar,likely equal the price of the Iraqi dinar against the US dollar over the next two years after the implementation of the project to delete the three zeros Iraqi currency AUG 20, 2012 - Saleh drew the interest of the Exchange must be with the new fiscal year, "the Iraqi Government's accounts cannot be registered in the same year, two forms of financial values"
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Why this is good can someone explain ?
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My feeling it will RV on 12/25🤑
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Iran to delete 4 zeroes from the national currency
SONIA1 replied to yota691's topic in Iraq & Dinar Related News
Yes I do remember turkey🤔 -
Iran to delete 4 zeroes from the national currency
SONIA1 replied to yota691's topic in Iraq & Dinar Related News
That doesn't mean Rv bro. -
Iran to delete 4 zeroes from the national currency
SONIA1 replied to yota691's topic in Iraq & Dinar Related News
With all do respect bro you should re read it again not me. -
Iran to delete 4 zeroes from the national currency
SONIA1 replied to yota691's topic in Iraq & Dinar Related News
FYI bros when countries lops the parliament has to approve it , but not when they RV, so when Iraq RV from 4000 to 1190 like you said they did not need approval from Parliament. When process take place for Iran and delete 4 zeros for every 1000000 rial you will get 100 Toman and the exchange rate will be 4.2 Toman =$1 so your million will be worth around $23. -
Iran to delete 4 zeroes from the national currency
SONIA1 replied to yota691's topic in Iraq & Dinar Related News
Come on BROS DO you really think Iran will RV and give you money .. That's why they call it I-RAN= Meaning you have to run away when you hear Iran😂 -
Iran to delete 4 zeroes from the national currency
SONIA1 replied to yota691's topic in Iraq & Dinar Related News
It's not official until Iranian parliament approve it first and god knows when they will. They might be like Iraq years and years before they do anything.😁