Popular Post yota691 Posted February 11, 2012 Popular Post Report Share Posted February 11, 2012 Economic News May dinar is equal to the dollar! Palm - said the deputy governor of the Central Bank of the appearance of Mohammed Saleh said that the bill included proposals for a new currency and the categories that bear and details of technical and economic. Saleh pointed out during the permit media to change the currency and delete zeros decision of the executive and approved by the legislature, and that the project will not be implemented hastily, but will be taken among other factors to consider before you start to implement it, including the date of the financial year and the strength of the national economy, among other indicators in the favor of the view that This law, if approved, will have a positive impact on the Iraqi currency in several aspects you need during the next phase, which will strengthen the value of the Iraqi currency. He described the favor of a system of cash payments of the current Iraqi regime miserable, noting that the largest denomination in which value does not exceed twenty dollars, confirming that the deletion of zeros will enhance the value of the Iraqi currency, and reduces the cost of handling cash, The currency in its present estimated size of today Petrlionat dinars, making the process of dealing monetary cost is high. And about the fears rigging of the new currency in the event were issued or it will affect negatively on the economic situation, responded in favor: that it reflects the look bleak, do not forget that there are other countries proceeded to switch its currency and dropped them zeros, such as Turkey, Romania and Brazil without being its economy to shocks and thus Iraq is not engaged in an unknown water or walking on the road did not knock him one before is likely to include the new currency for the population to the side of a coin paper. And return more zeros on the Iraqi dinar to the days of inflation, which came on the value of the Iraqi currency is a result of previous wars and the subsequent economic blockade, turned the currency of Iraq to the paper was printing houses of the former regime exported in large quantities without the cover, while the Iraqi dinar until the mid-eighties equivalent of more than three U.S. dollars. But the adviser to the prime minister for economic affairs, Abdul Hussein Al-Anbuge said in a press statement: that the rampant corruption in state institutions and the low level of efficiency and economic situation in general at this time not in favor of lifting of the zeroes. He pointed to what he said that he bumps will change the currency and delete zeros, including the risk of fraud and increase the demand for goods causes a fake result for the payment of dinars instead of a thousand dinars, as now, explaining that the re-printed a new currency will have the costs of expensive, adding that attempts will be made to persuade the Bank Central to wait in his plans in this regard. Previously, the head of the Iraqi Securities Commission confirmed that, earlier, to delete the zeros of the Iraqi currency will not affect circulation in the Iraqi Stock Exchange and its shares The director of a money transfer companies abroad Sami Rashid: I think that the lifting of the zeroes from the currency will increase confidence in the currency, and will lead to increased purchasing power of citizens, and will drop the phenomenon of trading blocs, the large cash used by the Iraqis since the nineties. He believed economic analyst Talal Jassim said switch the Iraqi currency a necessary but pointed to the need to provide the conditions necessary for its implementation, particularly the security and political stability, adding that the relative stability of the Iraqi currency after the issuance of currency recently, and the result of the return link Iraq to the global economy and the availability of reserves of foreign currency due to oil exports , encouraged the central bank to consider the deletion of zeros. Jassim added that lifting the three zeroes will lead to an exchange rate of one dollar per dinar where Jassim called to the need to follow the policies of quiet to convince the citizens and getting used to it for a period not exceeding two years. http://www.nakhelnews.com/pages/news.php?nid=11181 25 2 Link to comment Share on other sites More sharing options...
USMCVET Posted February 11, 2012 Report Share Posted February 11, 2012 Cha-Ching!! Link to comment Share on other sites More sharing options...
yota691 Posted February 11, 2012 Author Report Share Posted February 11, 2012 1 1 Link to comment Share on other sites More sharing options...
brenman8 Posted February 11, 2012 Report Share Posted February 11, 2012 THIS IS GREAT!!!!! Link to comment Share on other sites More sharing options...
yota691 Posted February 11, 2012 Author Report Share Posted February 11, 2012 (edited) THIS IS GREAT!!!!! This is more then Great this is AWESOME Can you say I can't wait to see everybody in VEGAS. Now just Push the Button Edited February 11, 2012 by yota691 1 1 Link to comment Share on other sites More sharing options...
FreckledFuzz Posted February 11, 2012 Report Share Posted February 11, 2012 Love me some good recycled articles-- as long as they're positive. The links below is from October, 2011 http://dinarvets.com...article-101011/ http://dinarvets.com...-to-the-dollar/ 2 Link to comment Share on other sites More sharing options...
tim5400 Posted February 11, 2012 Report Share Posted February 11, 2012 good find BUT....he says implementation to coincide with the financail year......when is that...ANYONE.....i am also starting to dislike this 2 year timeframe in every article Link to comment Share on other sites More sharing options...
DropItLikeItsHot Posted February 11, 2012 Report Share Posted February 11, 2012 HAPPY DANCE!! The way I read it is a 2 year period to get used to the 1:1 then another increase, old rate of 3 was also stated. So maybe another increase after the 2 year period! Link to comment Share on other sites More sharing options...
TBD Posted February 11, 2012 Report Share Posted February 11, 2012 Economic News May dinar is equal to the dollar! Palm - said the deputy governor of the Central Bank of the appearance of Mohammed Saleh said that the bill included proposals for a new currency and the categories that bear and details of technical and economic. Saleh pointed out during the permit media to change the currency and delete zeros decision of the executive and approved by the legislature, and that the project will not be implemented hastily, He described the favor of a system of cash payments of the current Iraqi regime miserable, noting that the largest denomination in which value does not exceed twenty dollars, confirming that the deletion of zeros will enhance the value of the Iraqi currency, and reduces the cost of handling cash, The currency in its present estimated size of today Petrlionat dinars, making the process of dealing monetary cost is high. And about the fears rigging of the new currency in the event were issued or it will affect negatively on the economic situation, responded in favor: that it reflects the look bleak, do not forget that there are other countries proceeded to switch its currency and dropped them zeros, such as Turkey, Romania and Brazil without being its economy to shocks and thus Iraq is not engaged in an unknown water or walking on the road did not knock him one before is likely to include the new currency for the population to the side of a coin paper. He pointed to what he said that he bumps will change the currency and delete zeros, including the risk of fraud and increase the demand for goods causes a fake result for the payment of dinars instead of a thousand dinars, as now, explaining that the re-printed a new currency will have the costs of expensive, adding that attempts will be made to persuade the Bank Central to wait in his plans in this regard. Previously, the head of the Iraqi Securities Commission confirmed that, earlier, to delete the zeros of the Iraqi currency will not affect circulation in the Iraqi Stock Exchange and its shares The director of a money transfer companies abroad Sami Rashid: I think that the lifting of the zeroes from the currency will increase confidence in the currency, and will lead to increased purchasing power of citizens, and will drop the phenomenon of trading blocs, the large cash used by the Iraqis since the nineties. He believed economic analyst Talal Jassim said switch the Iraqi currency a necessary but pointed to the need to provide the conditions necessary for its implementation, particularly the security and political stability, adding that the relative stability of the Iraqi currency after the issuance of currency recently, and the result of the return link Iraq to the global economy and the availability of reserves of foreign currency due to oil exports , encouraged the central bank to consider the deletion of zeros. Jassim added that lifting the three zeroes will lead to an exchange rate of one dollar per dinar http://www.nakhelnews.com/pages/news.php?nid=11181 maybe I'm missing something here, but it seems that they are clearly explaining a RD not a RV 14 17 Link to comment Share on other sites More sharing options...
Elixirbaby Posted February 11, 2012 Report Share Posted February 11, 2012 I like this last sentance. Jassim added that lifting the three zeroes will lead to an exchange rate of one dollar per dinar where Jassim called to the need to follow the policies of quiet to convince the citizens and getting used to it for a period not exceeding two years. Go rv Link to comment Share on other sites More sharing options...
Stryker365 Posted February 11, 2012 Report Share Posted February 11, 2012 maybe I'm missing something here, but it seems that they are clearly explaining a RD not a RV Oh..now I get it we got another lopster...thanks for the neg's on the other post.....look folks...a lopster....nice first few post lopster....neg me all you want I got friends that will cover you up.... 15 11 Link to comment Share on other sites More sharing options...
Mongo Posted February 11, 2012 Report Share Posted February 11, 2012 Oh No............ did the dollar crash to two tenths of a cent?.... Whoops... I mean three tenths of a cent!!!! 2 Link to comment Share on other sites More sharing options...
Nakida Posted February 11, 2012 Report Share Posted February 11, 2012 Maybe I have not had enough coffee yet but........is it saying that in May sometime it will RV? Or longer? I am lost here lol 2 Link to comment Share on other sites More sharing options...
Dinarduo Posted February 11, 2012 Report Share Posted February 11, 2012 maybe I'm missing something here, but it seems that they are clearly explaining a RD not a RV I agree - the articles this morning continue to state the deletion of the zeros. There was an article earlier that stated that they are paying the "Sons of Iraq" at a calculated rate of 972 IQD to 1 USD. That would bring the .00086 rate to .001. So someone holding a million dinar would have a value of 1000 USD. If they delete the zeros and make a 25k note a 25 note and go to a 1 - 1 exchange rate a million IQD would still equal 1000 USD. Of course if thats where they start and the value increases over time possibly reaching back to the 3 - 1 ratio of the 80's we can all still make a profit - but I am a little concerned about how this deletion of the zeros is sounding. I am usually very positive and have always believed it would be an RV not a RD but the RD talk is starting to get a little too consistent - someone PLEASE tell me I'm wrong and explain why!?!?!?!?! 3 3 Link to comment Share on other sites More sharing options...
Stryker365 Posted February 11, 2012 Report Share Posted February 11, 2012 TBD neg'd me on another post for making a statement to lotsofdinar, go figure.... I agree - the articles this morning continue to state the deletion of the zeros. There was an article earlier that stated that they are paying the "Sons of Iraq" at a calculated rate of 972 IQD to 1 USD. That would bring the .00086 rate to .001. So someone holding a million dinar would have a value of 1000 USD. If they delete the zeros and make a 25k note a 25 note and go to a 1 - 1 exchange rate a million IQD would still equal 1000 USD. Of course if thats where they start and the value increases over time possibly reaching back to the 3 - 1 ratio of the 80's we can all still make a profit - but I am a little concerned about how this deletion of the zeros is sounding. I am usually very positive and have always believed it would be an RV not a RD but the RD talk is starting to get a little too consistent - someone PLEASE tell me I'm wrong and explain why!?!?!?!?! Your wrong because you are jumping ship because of this one article....there will be another one that says a straight up RV.....that is why it is a roller coaster ride... 12 4 Link to comment Share on other sites More sharing options...
Dinarduo Posted February 11, 2012 Report Share Posted February 11, 2012 (edited) TBD neg'd me on another post for making a statement to lotsofdinar, go figure.... Your wrong because you are jumping ship because of this one article....there will be another one that says a straight up RV.....that is why it is a roller coaster ride... Thanks Stryker! I was just thinking that there are way too many Iraqi political heads opposed to the deletion of the zeros and for good reason! I see a 1:1 coming and that million IQD equaling . . . 1 million USD!!!! Thanks again - whew - the roller coaster caught me off guard this morning! Not to mention that this is recycled from Oct of last year when the deletion talks still seemed to be somewhat considered - I think that route has been pretty much shut down more recently! Edited February 11, 2012 by Dinarduo Link to comment Share on other sites More sharing options...
Stryker365 Posted February 11, 2012 Report Share Posted February 11, 2012 Thanks Stryker! I was just thinking that there are way too many Iraqi political heads opposed to the deletion of the zeros and for good reason! I see a 1:1 coming and that million IQD equaling . . . 1 million USD!!!! Thanks again - whew - the roller coaster caught me off guard this morning! NP, let me know and we'll buckle you back in again... 3 2 Link to comment Share on other sites More sharing options...
powerpager Posted February 11, 2012 Report Share Posted February 11, 2012 Please Please Lets Not Implement Anything Too Hastily !!! Lets Drag Our feet another 100 days 2 2 Link to comment Share on other sites More sharing options...
drc85260 Posted February 11, 2012 Report Share Posted February 11, 2012 I like this last sentance. Jassim added that lifting the three zeroes will lead to an exchange rate of one dollar per dinar where Jassim called to the need to follow the policies of quiet to convince the citizens and getting used to it for a period not exceeding two years. Go rv That is the sentence that I do not like....that means IMO, that they will delete the zeros and then raise the value to one dollar...will lead to an exchange rate of one dollar per dinar That could mean taking up to 2 years to go from $.86 to one dollar And NO I am not a Lopster I am just being realistic and reading what it says, not distorting it. Cheers 1 1 Link to comment Share on other sites More sharing options...
zigmeister Posted February 11, 2012 Report Share Posted February 11, 2012 Gee I was wondering when they would throw in a delete zero's article. Well I guess the debate is still on. Even if it is a recycled article apparently nothing new has come to pass and that is a good thing for us. We want those zero's to stay on for now. But if they insist on lopping zero's they have some on the exchange rate. Link to comment Share on other sites More sharing options...
Elixirbaby Posted February 11, 2012 Report Share Posted February 11, 2012 The article says " lifting the three zeroes will lead to an exchange rate of one dollar per dinar " there are three zeros on the exchange rate. .00086. Lift the three zeros and you get .86. 6 2 Link to comment Share on other sites More sharing options...
mrref Posted February 11, 2012 Report Share Posted February 11, 2012 maybe I'm missing something here, but it seems that they are clearly explaining a RD not a RV It might help if you would read it several more times.... The article says " lifting the three zeroes will lead to an exchange rate of one dollar per dinar " there are three zeros on the exchange rate. .00086. Lift the three zeros and you get .86. plus you add 20% for inflation comes out 1.06 so they will probably round off it to 1-1 just my guess, heck who am I, I'm really tired after 8 plus years trying to figure these people out. 5 Link to comment Share on other sites More sharing options...
Dinarduo Posted February 11, 2012 Report Share Posted February 11, 2012 (edited) Gee I was wondering when they would throw in a delete zero's article. Well I guess the debate is still on. Even if it is a recycled article apparently nothing new has come to pass and that is a good thing for us. We want those zero's to stay on for now. But if they insist on lopping zero's they have some on the exchange rate. Edited February 11, 2012 by Dinarduo Link to comment Share on other sites More sharing options...
Carrello Posted February 11, 2012 Report Share Posted February 11, 2012 good find BUT....he says implementation to coincide with the financail year......when is that...ANYONE.....i am also starting to dislike this 2 year timeframe in every article Tim, is there ever, ever anything positive in your world? I sure hope so, but we sure wouldn't know it around here. Oh..now I get it we got another lopster...thanks for the neg's on the other post.....look folks...a lopster....nice first few post lopster....neg me all you want I got friends that will cover you up.... Sand, lots of sand for Lopsters. 2 Link to comment Share on other sites More sharing options...
DaveH Posted February 11, 2012 Report Share Posted February 11, 2012 and a +1 for the great article yota +2 stryker to even you out for the 2 putz's that neg'd you for no reason 1 Link to comment Share on other sites More sharing options...
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