Good News about deleting Zeros

[brandedbabe]

BB, you are smart and curious, a good combination. But your arrogance is stunning, and ruins the picture you could paint. Even cats only have so many lives.

Don't let the name fool you....my wife calls me babe....I'm a dude! LOL. I am arrogant about my views when it comes to a Lop...Especially when I am trying to shed light on someone fairly new to DV. I initially was of the opinion the a LOP was the end result in this investment so I read every redenomination in history....just Google it. I followed keepem and scooter because they were educating me about both sides and I eventually came to my own conclusion....I posted a little bit during my first year but never like some of these Lobsters do.

Moral of the story is these lopster people need something to take them back to the drawing board so they can bring us something new...just repeating the same old hyperinflation does us nothing.

I don't believe Iraq was allowed to print 5x the Saddam dinar....IMF would not allow them to purchase machines for printing currency.

I don't believe Iraq has had to hold inflation below 10% so they could Lop.

I don't believe Iraq would move the exchange 1 pip if they were looking to lop.....

I do believe they are drawing in dinar from the auctions.

BB, I was talking about rmb.....when i say their money supply is not 100% backed by their reserves.

Anyway...for Arab countries, Kuwait and Saudi Arabia are 100% backed by their reserves. But i cannot say the same for countries like Oman, UAE, Qatar and Bahrain.

The countries you are mentioning are part of the Arab League and are against westernize banking....Iraq didn't join the league they went with the IMF.....your helping me make my point!!!

Just a fun fact....no country planning a Lop had an increase in their exchange before they removed the zeros. Read up...

[blaineage]

Not trying to stir the pot or anything but the Saudi Riyal is pegged to the US dollar and NOT backed by anything...FYI

http://www.investopedia.com/terms/forex/s/sar-saudi-riyal.asp#axzz1lLQr0Jy4

[George Hayduke]

Just a fun fact....no country planning a Lop had an increase in their exchange before they removed the zeros. Read up...

Facts... pesky little creatures...

[Blu Collar Guru]

WOW! SO GLAD I HAVE GOOD READING COMPREHENSION SKILLS.........

[JWJW11]

Heres the question to ask yourself. do you believe the cbi has drastically reduced the money supply???? Thats the golden ticket. if they have, a rv will happen. if the cbi hasnt, and theres still 30 trillion dinar, the cbi will probably rd. the exciting part, is there was an instrument in place that COULD have withdrawn trillions of dinar.

The cbi is talking the usual rd in the propaganda campaign. no questions. but look at some of the.key words that show up from time to time, like lowering inflation or increasing purchasing power. if people dont feel the money supply has been drastically reduced, then they should reconsider this investment.

Man truthful....IM SO PROUD OF YOU!!! Lol

Cant wait to have that drink!

[lotsofdinar]

Not trying to stir the pot or anything but the Saudi Riyal is pegged to the US dollar and NOT backed by anything...FYI "

Saudi has over $500 billion in foreign reserves. What do you mean not backed by anything!

[marknet73]

You make some really good points brandedbabe. I still think anything can happen with this investment but if doesnt seem like they'd raise the value of the currency or drawing in dinar from the auctions if they were planning on lopping. Seems like there's alot of propaganda going on out there especially with all the deleting the zeros by 2013 articles. Hopefully we'll see some more increases in value soon. I'm just wondering what rate they can realistically afford at this point.

[blaineage]

Not trying to stir the pot or anything but the Saudi Riyal is pegged to the US dollar and NOT backed by anything...FYI "

Saudi has over $500 billion in foreign reserves. What do you mean not backed by anything!

You are absolutely correct they do have $500 B in foreign reserves. That number over time may very well increase or decrease. I would suspect it is more likely to increase because of thier huge oil exports. My point is only that they peg the Riyal to the USD. The Saudi version of the Fed bases thier banking system on a fiat currency like the US. The Saudis don't explicitly back the Riyal to gold,silver,oil or anything else.

[lotsofdinar]

As far as I know, the Riyal is pegged to the USD. When did it change?

[blaineage]

As far as I know, the Riyal is pegged to the USD. When did it change?

Dude, I think that is what I just said. It is late on Friday, Let's grab a cold one!!!!

[Stryker365]

Don't let the name fool you....my wife calls me babe....I'm a dude! LOL. I am arrogant about my views when it comes to a Lop...Especially when I am trying to shed light on someone fairly new to DV. I initially was of the opinion the a LOP was the end result in this investment so I read every redenomination in history....just Google it. I followed keepem and scooter because they were educating me about both sides and I eventually came to my own conclusion....I posted a little bit during my first year but never like some of these Lobsters do.

Moral of the story is these lopster people need something to take them back to the drawing board so they can bring us something new...just repeating the same old hyperinflation does us nothing.

I don't believe Iraq was allowed to print 5x the Saddam dinar....IMF would not allow them to purchase machines for printing currency.

I don't believe Iraq has had to hold inflation below 10% so they could Lop.

I don't believe Iraq would move the exchange 1 pip if they were looking to lop.....

I do believe they are drawing in dinar from the auctions.

The countries you are mentioning are part of the Arab League and are against westernize banking....Iraq didn't join the league they went with the IMF.....your helping me make my point!!!

Just a fun fact....no country planning a Lop had an increase in their exchange before they removed the zeros. Read up...

Nicely worded and valid points, thanks for sharing...

[Stryker365]

Not trying to stir the pot or anything but the Saudi Riyal is pegged to the US dollar and NOT backed by anything...FYI "

Saudi has over $500 billion in foreign reserves. What do you mean not backed by anything!

Your just a grumpy 61 year old retiree that really has nothing good to say do you?

Are you just trying to justify to yourself in case this has a big windfall, you say you are an investor but yet your afraid to make a profit.

I know your going to come back with...there's no way it will, or those poor Iraqi's that are getting screwed, or what ever else you can drum up.

You keep tell us that you are in this for a small return over a long period of time.

Dude, give me your contact info and I'll send you Dr. Phil's phone number because you really need it his help....

I challenge you to try and look at this in a more positive way or at lest work on your communication skills.

I'm not trying to be mean but your a big downer dude and you need to smile every once and a while...it will make you feel better..

Cheers

Carrello....I'm putting my ignore button back on now...

[Stryker365]

I guess you have some friends out there lotsofdinar, go ahead neg. me lopsters......

STUPID IS AS STUPID DOES.

now just go away.

I like this it goes good with my above quote........

Edited February 3, 2012 by Stryker365

[SPRAYERDUDE]

QUIT RE-POSTING THESE ARTICLES DAM I READ THIS 2 DAYS AGO "IF THERE IS NO NEW NEWS TO POST DON'T POST ANYTHING"

[Stryker365]

+1.....RIP Lopsters, it's over.

Thanks LordDinar.....evened you out too J.F.

Edited February 3, 2012 by Stryker365

[Carrello]

Don't let the name fool you....my wife calls me babe....I'm a dude! LOL. I am arrogant about my views when it comes to a Lop...Especially when I am trying to shed light on someone fairly new to DV. I initially was of the opinion the a LOP was the end result in this investment so I read every redenomination in history....just Google it. I followed keepem and scooter because they were educating me about both sides and I eventually came to my own conclusion....I posted a little bit during my first year but never like some of these Lobsters do.

I am not interested in your gender as that has nothing to do with your intellect or validity. You insulted DinarDana by telling her she could not count. Ironic since she is a currency expert and very well respected here. And you insult Zul and tell him he needs to catch up before posting, another well respected member. You do have information that valid and strong arguments. What you don't have is a degree of maturity that brings grace.

But keep ramming your comments through. We will take what we can from you, digest it, swish and spit.

See ya.

[magusninex9]

Parliamentary Finance Committee: Delete the zeros and the process of administrative reform of the Iraqi currencyPosted: February 2, 2012 in Iraqi Dinar/Politics, Top Headlines

Tags: Central bank, Central Bank Iraq, Currency, El Jadida, Iraq, Iraqi dinar, Money laundering, United States Senate Committee on Finance 01/02/2012

Denied a member of the parliamentary finance committee Ibrahim Rikabi possibility of money laundering and financial corruption Adareifa the process of deleting the zeros of the Iraqi currency

Affirming that are untrue news or fears of these processes as much as is the process of reform and management of the currency. “

“ It is expected to be a process of replacing the currency, according to the reports of the Finance Committee and estimates of the Central Bank during the year and a half after it begins trading currency, the old El Jadida of through the payment of salaries to civil servants in ministries and government institutions and the establishment of private banks replace balance of cash, or even through a review of the citizen himself to these banks and to replace the amounts.

“and we are talking some time ago regarding the change of currency, and issuing a new currency, be noted that there are changes that will occur in the form of Iraq’s new currency, including the removal of zeros, and the inclusion of the Kurdish language to the Arabic language in the currencies.

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CBI to take a new policy to avoid the dinar exchange rate affected by the neighboring countriesHappy Groundhog Day 2012

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well ?? .. read parts that refer to the .. re-issue of new currency? ..

whats disterbing??? he says the REPLAICING OF THE CURRENCY?? ... THEY ARE (REPLACING THE OLD CURRENCY they may be voiding the old currency PERIOD? .. not just Lopping it ? .. but ? .. then what happens to the Dinars in storage here in the U.S. Gov. safe keeping meaning we are protecting their banking system and they really are not holding their money their .. most of it anyway..

so if they replace the old with the new ..

then we all get screwed .. ? .. if the old denoms are voided .. due to the re-issue ? .... could this be why they are not concerned with the keeping secret and or telling things of hte changes .. they are canceling the old curancy maybe? when they issue the new .. gonso?for old notes ?

and if they revalue on 1-1 us dollar to Dinar at same time the new notes with out the zero's are .. the ones all the Iraqi people will be using .. so they won't care .. it wasn't worth much anyway .. ?

they may be voiding the triple zero system .. whenj issueing the new ?

[JWJW11]

I guess you have some friends out there lotsofdinar, go ahead neg. me lopsters......

I like this it goes good with my above quote........

Lol dude check out my profile rating....the lopsters love to neg me....they follow me to neg me!!!

They all hate it when they are challenged! And can NEVER answer a direct question

[trooper]

Delete the zeros feminine ... .. Or absorption of the coin?

July 25 2011

Raised the process of removing the zeros announced by the Central Bank of Iraq mixed reactions, which split into two teams first reservation to this procedure and the second supported by the light of monetary policy, seeking to rein in inflation. (Range economic) discussed the merits of this issue and the positive and negative effects on the reality of Iraq’s economic by investigating the following:

Central Bank:

Central bank adviser said the appearance of Mohammed Saleh: that the deletion of zeros from the currency enters as part of restructuring and in facilitating the monetary measures, because the existence of these zeros has added a lot of deterioration, inflation, big on the reality of currency and use it.

The added benefit: The monetary system in Iraq has become a complicated existence of the cluster enormous cash, the process of deletion of zeros restore what is destroyed them and reduce their size, and at present the majority of the people who came into conflict economic reforms, a number and enters the subject of changing the currency in these reforms and the forms and categories and sizes of new Iraq is the need to change because of Maousel him of conflicts during the eras past time to be able to make changes on the currency on the one hand and reducing the money supply of the other hand, while maintaining its monetary value, the dinar is equivalent to a thousand dinars.

Saleh continued: that dealers currencies, the big ones dealings of the banks with one hand and dealing with the bank on the other hand they know the complexities experienced by the currency because of the large volume of money supply which came to it at the present time where it needs to be changes are the categories that have reached sizes to trillions and is it inflation falls to the cash transactions because it is the complexities of several in the field of payments.

and in favor of the feminine currency return of the balance and find a system that works to correct the cash economy, which reached into the millions and trillions and this is what I worked a lot of countries through the deletion of zeros, stressing that this process is working on reducing its currency and reduce the enormous mass of cash.

Saleh said : This topic does not include with it any negative impact is that he needs time to be absorbed the old currency from the Central Bank, banks and companies and then expanding it, in addition to that it needs to be concerted efforts by the government and the House of Representatives to be filled currency that are part of the national economy and the market and the general budget.

Salih noted that it will be deleted versions and add new ones in both Arabic and Kurdish will also be issuing a coin to its side, stressing that the central bank will awareness campaigns and the media so that citizens know the changes in the currency, and under its authority to that on the basis that the Iraqi citizen has become more accommodating to these things through know the cultures of many and through experiences best subject.

A complement to economic growth:

Economist said Salem al-Bayati: The subject of the deletion of zeros from the currency is one of the solutions to aspects of the academic treatment of inflation, economic, as this topic is part of the solution to economic crises and this Mangda in some countries that has changed the currency or delete the zeros of which added this subject to the reforms of other economic terms is something integral to economic growth in countries with a state of progress.

Al-Bayati said: that the deletion of zeros need to follow a monetary policy organization, which is certainly a lot of problems that could fall at what had been changed because the purpose of this topic to achieve economic feasibility if not achieve this benefit, which will reflect negatively on the economy and it needs to that there is order in everything related to this topic.

Reduce the mass of cash

Said financial expert Hilal Taan: The Mi_khas add zeros of new Iraqi currency after 2003 at a time when Iraq suffers from a case of inflation, monetary and a case of fraud in which led governments successive to change and form a committee in this regard.

He Taan: that the deletion of zeros from the currency leads to ease of handling citizen, the cash block will fall from 2500 to 15 billion dinars, equivalent to 3% of the rate of inflation, which works to revive the Iraqi economy in general A look at interactive by experts and those interested in this matter and supporters of the project to delete the zeros on the grounds that the subject has a positive effect on economic reality, where it leads to increase purchasing power and the entry of Iraq in the global markets, there is an overview of the countries that will increase the zeros in the currency, which indicates to the existence of a state of dislocation of economic in the country either in the case of delete, which reflects the existence of a state of economic improvement there.

Calculations:

said economic researcher from the University of Mustansiriya Amr Hisham: The deletion of zeros located in part of the calculations only as it related to the numbers and change the formal it is one of Monetary Reform, and this is what has been working in many countries that have developed economically and applies it to many of the neighboring countries like Turkey and Russia and others.

He said Hisham: There is a fear of this process because it leads to a case of manipulation by some traders such as using the old currency and not accepting to deal in the new currency, stressing the need that there will be time to return the citizen on the new currency and the withdrawal of currency during this time to replace them on the basis of the minus-out in the market.

He Hisham: that this issue is the importance and feasibility work on the reform of monetization and financial In addition to Ahitha formal and moral. and Hisham that a lot of traders tend most often to carry currency, the dollar because they typically treat with big money, since the deletion of zeros makes the possibility of dealing with by them easy to

Raise the purchasing power:

Dr Nabeel Jafar from the University of Basra : The deletion of zeros included in the framework of restructuring the Iraqi economy, which was recommended by the International Monetary Fund, as the basic purpose of this subject lies in reducing the size of the mass of cash in financial transactions in the markets and transactions and individuals in the Iraqi dinar.

He Jafar This is the step of positive steps towards economy, where they were not new to the international situation and the regional was changed in many countries and constitutes a positive step towards economic progress for these countries.

He Jaafar said the idea to delete the zeros do not constitute any risk to the currency Awartvaa prices in what has been dealing with this issue systematically, a matter of form but include economic ideas that would reduce the money supply and facilitate their use instead of using other currencies by some merchants.

and Jafar that this issue would work to raise the purchasing power of individuals, where it will lead to a deal in Iraq and raises of the value of the currency against the dollar and other currencies because of such a subject is working to increase the trust of dealers out whether local or foreigners.

Administrative processes:

Dr. Hazem Abdel-Hamid Al Nuaimi, from the University of Mustansiriya: The process of changing the currency and the deletion of zeros of things within the framework of administrative dealings than others, and have important mathematical influence the direction of economic transactions and productivity on both forward.

He Naimi: that this issue does not represent any danger of the direction of influence on the market or prices and purchasing power, but on the contrary it increases the ability purchasing of goods and transactions for the Iraqi dinar.

And the al-Naimi that the change of currency is one of the issues the digital you change the currency in figures only, while the fear and the negative repercussions of which enter into matters of fraud and manipulation by some individuals and traders such as not to deal with and raise prices due to a lack of understanding people have, and the result remains the subject temporarily and can take its course in its treatment by the authorities concerned and competent in this regard.

High prices:

Expert said Mahmood Shaker al-Rubaie: that changing the currency would lead to higher prices for goods and services beginning with the change, because this issue is linked to currency deliberative individuals and the market where It does not mean re-structuring of currency or reduce the cash value.

Rubaie said: The problem of the banks on the subject of changing the currency would be restricted to non-deposit of the people their money where, the vast majority does not know the importance of banks and their role in keeping the money and increase, and millions of money are saved within the houses, where the possibility to access the money to the banks is very small it can not be the bank attract capital scale, which can be a negative point in the direction of change of the currency.

He continued that the change of currency has a psychological factor positive, where citizens will feel the high volume of dinar, which increases the purchasing power of that as well that the Iraqi dinar will be of importance and financial value for investors through the stable exchange rate of the dinar against the U.S. dollar, where the expense of equipment and services that can be used on the ground investment is cheaper than creating a favorable investment environment for investment.

And the spring that this issue will exposure at the beginning of the matter to the confusion, stressing the necessity of forming a solid before you start this process to avoid the inflation that occurred in the past when the change currency the central bank should be aware of all the things on this side before taking any step.

A Gap:

Economic said researcher economic Research Center Market Mona al-Musawi: The application of this subject in some countries does not necessarily mean success or the need to do on the ground, this issue includes in it the effects may lies with the currency by purchasing power, where the market can be affected by this process as well as the possibility of a rise in prices, the markets are usually affected by the forces of supply and demand, a gap of economic this matter could lead to an economic problems we do not need at a time when everyone works to raise the standard of living for the citizens.

She said Moussaoui: that the issue needs to accuracy and organization before getting any error possible by changing the currency in fact that this issue is a requirement, but not at this time because the application needs to the potential variety of the central bank and the creation of and willingness to accept the citizen and the understanding of the new currency.

The stability of the exchange rate of the dollar:

A writer and researcher economic gnathion NA: The change currency The service business management and facilitate the transfer of currency from one place to another by changing the mass of cash, either the difference exists between the two currencies is the size and the ease to move either one result, the value will remain unchanged and has no positive or negative impact on the economic reality of the coin, or which scene in prices and is the subject process of reform has and what constitutes the tricks of sight, the salaries and wages will remain unchanged and consistently the same value.

He gnathion NA: that the Iraqi dinar is pegged to the U.S. , and that changing the currency would create a state of similarity between them with the stable exchange rate, which increases the fears of investors.

He gnathion NA: The economic reality of Iraq over the past change currency was passed in spite of the lack of citizen’s awareness of this issue either at the present time, the possibility of its application may be more easily because of the spread financial awareness to the vast majority of citizens as the start of such This topic and its success is directly dependent on the decisions of the Central Bank.

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[Darin]

Interesting... A lot of the M.E. region central banks use a monetary policy where they back their cash 100% w/ liquid assets.

Anyone can basically create a currency in that regard.

All you have to do is create a cash currency that is hard to counterfeit and have your denominations at their own rate & sell them. Make sure they're good for purchase of items/services and allow the trade. As long as you back it by 100%, you would not have to worry about going under if every single legit note was cashed in against you. It balances the sheets where your liabilities (notes in circulation) are balanced by the cash on hand to cash out against those liabilities. Now, in the real world, the notes you distributed may have more secondary market value due to demand, but the central bank doesn't reflect that.

What we need to see is more local demand to help ensure the CBI has no reason to fear a run on the banks.

A R/D definitely exists in a possibility of scenarios.. But why is it always such a R/V vs. R/D debate?

So many other possibilities

A hybrid scenario:

R/V & R/D - Yes, they still R/D but they can still R/V significantly (i.e., drop 1 or two zeros and R/V to be on par w/ the dollar)

Multiple R/Vs from several tiers.. (i.e., R/V to $0.01 - draw in notes til a target is met, R/V to $0.10, rinse & repeat where you reach your target and R/V to $1.00)

Steady climb in the rate - 2-5% value in crease per quarter - (likely would start higher and get to be a lower % increase the higher the value)

R/V small and let climb ($0.01 and steadily rise over time)

And simply, go to Fx and let the market decide the value.

No one really ever expands on potential possibilities... They seem to somewhat endless...

[brandedbabe]

I am not interested in your gender as that has nothing to do with your intellect or validity. You insulted DinarDana by telling her she could not count. Ironic since she is a currency expert and very well respected here. And you insult Zul and tell him he needs to catch up before posting, another well respected member. You do have information that valid and strong arguments. What you don't have is a degree of maturity that brings grace.

But keep ramming your comments through. We will take what we can from you, digest it, swish and spit.

See ya.

Sorry about that....I enjoy everyone as I have stated many times and didn't mean any disrespect....

Edited February 4, 2012 by Markinsa
Repaired Quote Box

[magusninex9]

Lol dude check out my profile rating....the lopsters love to neg me....they follow me to neg me!!!

They all hate it when they are challenged! And can NEVER answer a direct question

I thought I posted a exhibit and then I asked a question as the man who owns this site says is the way he has designed this site for intelegent q-a ? but aparently guys like you are running the show here on this site and its a pick a fight site ?

thats a pretty sad statement for Adam Montana ? and this site ..

since when did I say i was a lopster or what ever .. ??

I I thought this was a intelegent group format for a discusion and then intelegent responses .. i gues I am wrong and maybe need to look for a different site .. this one appears to have people who are on it with attituides and have chip on their shoulders just out looking for argueing with people who say legint things and post real articles ..

yes .. maybe I do need to get off this site and let you turn it into a verbal argument site ..

with out checking your record for argueing with people ? ... Dude.

Edited February 4, 2012 by Markinsa
Repaired Quote Box

[Stryker365]

Wow..magusninex9.......what a away to start off dude....by attacking one of the good members on here....you've had 19 post and have been on here for a few weeks....what gives you the right to talk for Adam anyway?

You have jumped into a long running issue that you need to be here for a while to start making coments like this....JMHO....good job..

ps, would one of my friends give him a neg.....I went to give him one and hit the +'s on accident so will someone cancel mine........in most cases it wouldn't matter but this isn't one of them.

Edited February 3, 2012 by Stryker365

[Tirebiter]

There are so many possible variables in this adventure. Everyone has an opinion and perspective. It becomes a spiderweb, but not as organized, more like a well used piece of steel wool the way everything intertwines. Personal attacks never advance a position or debate. THAT is what creates "arguments" imho. Faith is an intangible. Its a concept. I have faith in this investment. Can I prove it? No. Can I back it up with facts, figures, insider knowledge? No. But I can add 2+2 and have confidence in my decision to invest in the Dinar. If I end up being a sucker, well, it won't be the first time. lol

[magusninex9]

Wow..magusninex9.......what a away to start off dude....by attacking one of the good members on here....you've had 19 post and have been on here for a few weeks....what gives you the right to talk for Adam anyway?

You have jumped into a long running issue that you need to be here for a while to start making coments like this....JMHO....good job..

ps, would one of my friends give him a neg.....I went to give him one and hit the +'s on accident so will someone cancel mine........in most cases it wouldn't matter but this isn't one of them.

WELL not speaking for Adam I was stated a fact .. you are aurgumentive and you do NAME CALL and this is not a intelegent manner for a intelegent conversation at all.. also was it you? .. that gender bashed the lady with the female based oppinions .. ?.. last I knew of women do have a different scope on things and for any male to tell her she is not welcome for her firm position and then force her to give a apology is a .. low self esteme issue in that man for sure in my oppinion senior member or long time member of Mickey Mouse club .. ok?

Mr. Montana I believe set this site up to attract new members and probably yes needs a new be like me to state that the senior members are going to end new member ship if they are allowed to bash women and tell new members how to comment or how and what they are if they have a devils advocate intelegent scenario in their presentations..

it pure ignorant if a site lets the senior members to dominate it and call people names and control the progression of a sites activity into a name calling and femal bashing party for the fools their own egos?

yepper .. Adam does need to have a new member contiplating getting a card .. like me maybe state that this site Adam has created is being over ran and controled as to what you ( senior Members ) decide is cool or not .. thats probably not a site then women and .. intelegent conversation is worth any one else joining as a card carrying member of ... least wize if you speak for Adam yes I am out .. what ever name you call me and your not getting a apoligy from me sir! ... be a senior member of a dieing site .. ENJOY ..!