Considerable debate on the value of shares after deletion of zeros

[yota691]

Saturday, March 24, 2012 14:15

Considerable debate on the value of shares after deletion of zeros

BAGHDAD / Baghdadiya News / .. Revealed financial sources that the sensation seemed to escalate since 2008 and so far about the value of stock prices in the Iraqi market for securities that have faced hit hard during the past decades and will direct them blow the largest in the event of reduction of share value to one penny, according to planning the CBI.

At a time in which the central bank to be considered as a date 1/1/2013 to officially start the flow of the new Iraqi dinar after deleting three zeros from him to cash transactions in Iraq, decided to calculate the final value price per share in circulation as of the same date a penny instead of current price is one dinar, and this is what several economists will suffer a major problem of the Iraqi stock market.

And managed agency / Baghdadiya News / get the documents that confirm that the central bank ended a plan replacement and set a date early next year to start trading dinar new will start to delete three zeros from it, the process of printing new categories are 50, 100 and 250 dinars, and last category is equal to quarter of a million current currency and this will be the highest category to facilitate the transactions large in addition to the categories currently in circulation after Trchigaha a five dinars and class ten and twenty-five dinars, and these categories of paper, while the metal is 50, 100, 250 and 500 fils in addition to the BD one, which will be metal, too.

With regard to the prices of stocks and bonds, according to the Central Bank, the find appropriate treatment of the value of stocks that are traded in the Iraqi market for securities, especially since the value of one share is currently one dinar, and will be in the case of deletion of zeros penny, and in this area suggested that the bank set up a committee chaired by a representative of the the Bank and the organelle by the Ministry of Finance and the Ministry of Justice and the Office of Financial Supervision and the Iraqi market for securities to determine the accounting procedures of the crisis in the case of currency exchange and delete three zeros of them in a timely manner and prior to the process of replacement, and may be the idea in the calculation of all (1000) share a dinar again, and that the issue one share instead of all the 1000 shares is the date of issuance of the new currency, or any ideas of the Committee up to it above.

Economic expert, d. Majid picture, between the Agency / Baghdadiya News / What available information, the central bank will instrument currencies of small start than fifty fils ascending order, here are dealing Fils result of major developments in inflation has become a zero exactly, and it was proposed to print ten money surge is that the bank insisted to print 50 fils rise.

With regard to equity between the picture that the stock and accounts, bonds and all the problems that may arise as a result of deletion of zeros must form joint committees of the concerned authorities and also the private sector to solve these problems and the collection of proposals, including some passed to keep the share price one dinar, but the actual value will be fils, the problem that occurred is the low value of the Iraqi currency to stock which was priced dinars in the eighties and then the value of the dinar is equal to $ 3, and surprisingly was kept on its previous value, and here the issue is complex and you need an immediate decision may cause losses of large shareholders may win as well, and here the solution, however, the decision-makers, Although it's a problem raised since 2008 and has remained so far, but there are solutions, but solutions not agreed upon.

And on the large groups that Top is 250 new dinars, between it would reduce the amount of currency in circulation, especially of deals big and instead of carrying large quantities to make a deal and one is carrying a number of papers of the new, or one sheet of paper because it is equal to a quarter million dinars from the exchange current.

And on the efforts of the bank to raise the value of the dinar, said yes, there are many proposals and the project to delete the zeros ensure that this proposal any time the equation of the value of the dinar per one dollar will be replacement, but there are many issues related to such oil prices and adjustments that must be brought to an end price of the neighboring countries, the issue is the value of the real dinar internally and externally any purchasing power, in the case of force required equation of exchange can walk in this direction, either in the purchasing power will remain high it can not be equated.

And on the value of stocks new between the Executive Director of the Association of Iraqi banks Abdul Aziz Hassoun, "The solution is not to reduce the value of the share, but that the mechanism will be as follows now the value of the stock one dinar, and here the capital as a whole will be re-arranged, for example, capital of the company 100 million, spread over shareholders, the one who owns 10 000 shares will become the owner of one hundred shares, and so on, "/ End / 47. http://translate.google.com/translate?sl=ar&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.albaghdadianews.com%2Feconomy%2Fitem%2F6564-LGAJz-AkLEKenenAD%25D8%25A9-AkzhiZ-IkO-AjbZHADlA-BID-Iek-LZHAEJ-PnEAl.html

Edited March 24, 2012 by yota691

[DoD]

A Reverse Split, just like we've been saying for years.

[pkwood]

Are they going to delete 2 zeros? 25,000 old dinar note becomes 250 new dinar note? I'm confused, which doesn't take much, lol. Thanks for the article

[Alex38]

sounds like they're coming out at a penny... ??

[yota691]

sounds like they're coming out at a penny... ??

They Sounds just like us, they don't know what Shabibi has in Plan!!

[Stryker365]

They Sounds just like us, they don't know what Shabibi has in Plan!!

That is exactly right yota, they don't know which way the CBI is going, see:

there are many proposals and the project to delete the zeros ensure that this proposal any time the equation of the value of the dinar per one dollar will be replacement

2013....right and the title to me tells it all too; ...

....Considerable debate on the value of shares after deletion of zeros....

......They are just trying to figure it out like we all are, including their own citizens.....

Edited March 24, 2012 by Stryker365

[fnbplanet]

Are they going to delete 2 zeros? 25,000 old dinar note becomes 250 new dinar note? I'm confused, which doesn't take much, lol. Thanks for the article

I think the translation is a bit weird. Confusing penny (100:1) with fils (1000:1). It's all good. At least they're talking about increasing the value of the dinar, and at 1000:1, we're fine.

[Biker]

It cant be a penny, alls they have been preaching is one Dinar is to be = to 1 US dollar. A penny aint going to do nothing for them.Correct me if im wrong.

Oh good find Yota , a bit confusing but so is every thing else they say.

[yota691]

That is exactly right yota, they don't know which way the CBI is going, see:

there are many proposals and the project to delete the zeros ensure that this proposal any time the equation of the value of the dinar per one dollar will be replacement

2013....right and the title to me tells it all too; ...

....Considerable debate on the value of shares after deletion of zeros....

......They are just trying to figure it out like we all are, including their own citizens.....

This right here tells the Tale!! Economic expert, d. Majid picture, between the Agency / Baghdadiya News / What available information,

[Stryker365]

By the way I was being sarcastic by saying right to 2013,

IMO things couldn't point any better to this being the time but I wanted to share fnbplanet thoughts and vary good advice IMO.

Folks, we're going to see some weird articles that will either elate us or deflate us in the next few days/weeks. Government people are keeping secrets, maybe saving key announcements for maximum exposure at just the right moments. Things like the HCL may (or may not) be done, but most of these sectarian yahoos that shoot their mouths off to the press may not be "in the loop" on any given subject. The media itself has an agenda to polarize their readers for circulation. In fact, that may be why they blab what little they know, in the hopes that someone higher up the food chain will let them in on a secret while telling them to shut their pie hole. Every last one of them has an agenda, and it's not about you.

Governments keep secrets and two sets of books - every government does this. The summit, remember, is now on a declared holiday. They want it to be a surprise (like the HCL, Chapter 7 release, Erbil. the RV, etc.), but they want the biggest impact out of the announcement(s). Not every member of Iraq's government is in on every secret.

Don't "freak" unless you're on the dance floor at the Bellagio with Carrello.

Thanks fnb!!!!

Stryker

[SgtFuryUSCZ]

****////

....they coulda consulted JAMBI and gotten a better take....

so which is it?... a fil, a penny, 10cents, a dollar...

Smoke, you say, STRYKER...? Thanks, I was about to give up on understanding this one!

[now I can't get the picture of CARRELO bein' a freak on the dance floor outta my med-hazed head...]

..

Edited March 24, 2012 by SgtFuryUSCZ

[IValueMe]

They Sounds just like us, they don't know what Shabibi has in Plan!!

I agree with Yota on this, they don't have a clue. There's a lot of contradictory numbers in this article; a penny, $1, $3 etc.

There will be a lot of confusing info coming down the pike until RV.

I think the underlined is key:

And on the value of stocks new between the Executive Director of the Association of Iraqi banks Abdul Aziz Hassoun, "The solution is not to reduce the value of the share[/b], but that the mechanism will be as follows now the value of the stock one dinar, and here the capital as a whole will be re-arranged, for example, capital of the company 100 million, spread over shareholders, the one who owns 10 000 shares will become the owner of one hundred shares, and so on, "

Read more: http://dinarvets.com/forums/index.php?app=forums&module=post&section=post&do=reply_post&f=5&t=111268&qpid=908746#ixzz1q37SNwKy

Go RV!

[SgtFuryUSCZ]

***///

...and I agree w/ you, IVALUEME.... ...some of these things are real puzzlers, alright!

Thank heavens we're in the realm of brilliance here with or DV genuises!

Edited March 24, 2012 by SgtFuryUSCZ

[unirod]

IMO; If 1 share was purchased for 1 Dinar then 1 share=1 Dinar =1 USD, these economists haven't a clue

[NWGUY]

IMHO, it is not what they say, that is important, it is what they do, and right now, they are doing a lot! This other stuff, is IMO, just dribble, to keep people confused.

Be ready.....all this confusion, will clear up very soon!

Go RV!!

[Acepup]

****////

so which is it?... a fil, a penny, 10cents, a dollar...

Smoke, you say, STRYKER...? Thanks, I was about to give up on understanding this one!

Let me pick one... a dollar please!

The more "noise" the better. If we believe everyting we read then we would have to believe Okee? What did I just say!!!

It wont be less than a dollar... We all know that we just have to sit pat and have another drink. we will see the end!

The Dude abides...

[BigFrankD]

IMO; If 1 share was purchased for 1 Dinar then 1 share=1 Dinar =1 USD, these economists haven't a clue

So a company that has 2 trillion shares worth 1 dinar each (total worth of 2 billion USD), all of a sudden becomes worth 2 trillion USD?

[leesburg]

sounds like they're coming out at a penny... ??

well everyone seems to think anything is possible .. and no one knows for sure .. so thats another scenario .. a penny for each old dinar and a hundred old dinars for a new dinar .. thats been discussed as far as how many zeros would in the end really be deleted .. deleting 2 zeros would do this .. bring it in at a penny and old 25,000 notes would be worth 250 dollars .. id like to see only one zero .. if any ..bringing our 25,000 note to 2500 dollars ... id really like a straight up rv .. but they insist on publishing those 3 zero deletion articles .. so maybe the smoke and mirrors got exposed .. when this article said 250 notes ... ... know one knows for sure besides shaabs ,, some think they do .. ,, but like everyone says no one knows for sure .. unless ya believe every news article that comes out .. and then you would have to make up your mind on the conflicting articles that say opposite things

[Sun Devil]

A penny?? Come on. I'm on record as saying I'd cash in most everything if it comes out at a dime. But even I wouldn't cash in a single dinar at that rate.

A penny RV would be a waste of everyone's time.

[hammer911]

IMO....I think they are talking about the stock market afect of the RV!!!And it will be penny for penny in the stock exchange.... JMO...GO RV!!!~~~

[Maggie123]

IMO....I think they are talking about the stock market afect of the RV!!!And it will be penny for penny in the stock exchange.... JMO...GO RV!!!~~~

I like the way you think Hammer! Makes Sense (or cents) it adds up!

[hammer911]

I like the way you think Hammer! Makes Sense (or cents) it adds up!

Thanks 123......like i said JMO....

[Nelg]

There just like us when it comes to what CBI wants to do. They do not want to wait and let the value of one dinar be determined and then calculate the price of shares and bonds, they want to try and figure it out NOW.

BigFrankD, why run the share out in the trillions? Most Iraqis don't have or think in trillions. They diversify just as we do. Try 1000 shares at 1 dinar per share. On revaluation of 1d to $1 the investor would wake up with 1000 USD in shares. But why would you convert a dinar in Iraq to USD? It will be worth the same.

[skrappyone]

What about Adams chat. The lopsters eating crow. How soon we forget or lose faith in Adam. Just sayin.

[BigFrankD]

There just like us when it comes to what CBI wants to do. They do not want to wait and let the value of one dinar be determined and then calculate the price of shares and bonds, they want to try and figure it out NOW.

BigFrankD, why run the share out in the trillions? Most Iraqis don't have or think in trillions. They diversify just as we do. Try 1000 shares at 1 dinar per share. On revaluation of 1d to $1 the investor would wake up with 1000 USD in shares. But why would you convert a dinar in Iraq to USD? It will be worth the same.

I'm talking about the entire value of the company's stock, not what one individual would hold. It makes no sense that a company's value would increase by 1000 times.