zul Posted February 13, 2012 Report Share Posted February 13, 2012 Planned rupiah redenomination for national pride? Moch. Doddy Ariefianto, Malang | Thu, 04/07/2011 10:44 AM | Opinion A | A | A | One important aspect of the currency bill that is being debated by the House of Representatives is redenomination. The issue, raised by Bank Indonesia last year, has drawn controversy, although the spirit of the policy is to increase national “pride” in our currency, the rupiah. The rupiah is one of the “cheapest” currencies in the world, with denominations reaching 100,000, second only to Vietnam’s dong, which has a 500,000 note. We would see if the advantage of this complex policy is justified. Redenomination is a policy to change the denomination of a currency at particular ratio (Dogarawa, 2007). In most cases, redenomination is conducted only by eliminating a number of zeros in the old denomination. This change does not alter purchasing power; it is purely a matter of rescaling. There you go again......~ RD does not alter purchasing power. But we have numerous Iraqi news articles that says delete 3 zeros will increase purchasing power of the citizens.. One thing is for sure: We have heard this LOP argument before. Yes, it may happen, and yes, would be a bummer. I do believe Zul has it summed with his comments on the purchasing power. I love a debate, but I am done with this one. If the RV / RD/ LOP / Screw Job were a year out, I would get into it, but we are so close, I am going to wait and see. No, it is not because I do not want to listen to the "reality" of it. I am bored with it. I am bored with the incompetent rags referred to as news agencies and their mail room staff acting as journalists, and we have LOP again. DinarDana, I think you are right. Let's drink to it! I am going to break out the Two Buck Chuck and a FlexStraw, grab the remote, and watch a movie. Bada bing! I'm quite done here to Carrello Link to comment Share on other sites More sharing options...
GotSix Posted February 13, 2012 Report Share Posted February 13, 2012 I also read that, in fact, I think there have been several articles mentioning IMF support. "in fact....I think" which is it 1 Link to comment Share on other sites More sharing options...
zigmeister Posted February 13, 2012 Report Share Posted February 13, 2012 I think you are wrong.....I have not read anything from the IMF supporting a re domination for Iraq. Link to comment Share on other sites More sharing options...
Fearless Four Posted February 13, 2012 Report Share Posted February 13, 2012 (edited) Positive article, this is what they have been talking about for a while... Edited February 13, 2012 by Fearless Four Link to comment Share on other sites More sharing options...
Carrello Posted February 13, 2012 Report Share Posted February 13, 2012 Tomorrow should be another good day for us, type at you guys and gals tomorrow...have a great night my friends... And Sunday was a good day! Let's see what is aroud the corner for Monday! May I suggest 'Three Days of the Condor' ? Thank you. I love that movie. Link to comment Share on other sites More sharing options...
PhoenixGeorge Posted February 13, 2012 Report Share Posted February 13, 2012 What exactly is a May Dinar? That's one that was conceived in August....LOL Link to comment Share on other sites More sharing options...
Jaxinjersey Posted February 13, 2012 Report Share Posted February 13, 2012 ***/// Can ANYONE pleeeeez tell me what this means?.... "...pegged to GBP.86 / 1.33USD..." (scrawled in notebook of someone I play golf with. looked familiar...) Sarge... it's his magic formula for calculating his play to beat you in match play bets per hole!!!! GBP (Greens Best Putt) divided by USD (Usual Stroke Differential) Keep an eye on his short game!!! Dang!!! I hope this gets to you before you tee off today!!! Jax 2 Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted February 13, 2012 Report Share Posted February 13, 2012 (edited) ***// JAX - Just got back.... This cat and the other 3 guys in the 4some got into it in the 19th about it RV-ing tonite or tomorrow. The guy w/ the notebook says 1-to-1, the other 2 wanted his hide! (bunch of Lopsters)... They argue about this all the time. Buttheads. It got ugly, I left! And you were right about match play today.... SOBs took my money today! No matter... I have more Dinar than they do! Su-weet! Thanks for carin'...! Edited February 13, 2012 by SgtFuryUSCZ Link to comment Share on other sites More sharing options...
GasCan Posted February 13, 2012 Report Share Posted February 13, 2012 I think you are wrong.....I have not read anything from the IMF supporting a re domination for Iraq. your'e correct. the imf wont support a RD because there is no need for one. Iraq has single digit inflation. look at all the other countries that have RD'd. Link to comment Share on other sites More sharing options...
MrFnHappy Posted February 16, 2012 Report Share Posted February 16, 2012 your'e correct. the imf wont support a RD because there is no need for one. Iraq has single digit inflation. look at all the other countries that have RD'd. Saleh said the monetary-restructuring plan was drawn up with the help of foreign experts and financial institutions, including the International Monetary Fund, of which Iraq has been a member since 1945. http://www.rferl.org/content/iraq_said_planning_currency_overhaul_redenomination/24245867.html The Ministry of Finance that the deletion of zeros will free the economy from the constraints and enhance the value of the dinar in the International Monetary Fund. He expressed the International Monetary Fund last August to support the Iraqi economy in the event of its number of economic measures, including raising three zeros from the local currency. http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http://www.uragency.net/ur/news.php%3Fcat%3Dnews%26id%3D6900 1 Link to comment Share on other sites More sharing options...
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