Kaperoni

[Sweetybird]

Link: http://www.uobabylon.edu.iq/uobcoleges/fileshare/articles/%D8%B1%D9%81%D8%B9%20%D8%A7%D9%84%D8%A7%D8%B5%D9%81%D8%A7%D8%B1.pdf

Translation...

Proposal to raise zeros from the dinar Ala a paper

A. M. D. Jawad Kazem al-Bakri

Usually financial authorities represented by the MOF or MOTreasury use monetary policy in order to preserve the value of the currency in addition to taking advantage of all the resources available in the lawful economy in order to reach full employment and economic growth.

This is done by those authorities using the monetary policies such as spending policy and taxation. The monetary authorities use these two tools to solve the problems such as inflation, unemployment, etc. That is usually called the gap between inflation and deflation that the local economy can be exposed to. In that case the central bank can only be asked to expose the local currency to satisfy the supply and demand.

The history of modern economics tells us that many nations in the world such as the countries involved in WW1 and WW2 or most recently the collapse of the Eastern Bloc countries, have taken one of these two measures, either by changing the whole national currency or eliminating zeros from the currencies so that it can go back to its previous stable condition. In the Iraqi experience after the fall of the dictatorial regime, the present authorities have decided to change the Iraqi currency to a new currency.

This does not affect the value of the dinar so far but it opens the dinar to the free currency market such as against the dollar, etc. That condition has made the dinar safe at one dinar equals .067 cents to one dinar which actually gives the impression of the reduction of the purchasing power of the IQD against the dollar recently.

If three zeros were lifted from the IQD this means the IQD becomes stronger 1000 times in terms of value. For example, a pack of cigarettes that was selling for 1000 dinar would be only 1 dinar. If it was a conversion like that, if the three zeros were lifted from the previous currency, this means the old 1000 dinars will buy 1000 packs of cigarettes instead of 1.

From a theoretical point of view, when three zeros are lifted from the IQD its buying power will increase drastically so that the dollar will be equivalent to 1.5 dinars only.

Therefore, let’s say the merchandise imported from abroad is valued before lifting the zeros at 1.2 million dinars, or $1000; if you lift the three zeros 1200 dinars will equal $1000; therefore, that will not bring any negative impact on the Iraqi citizens.

On the positive of lifting the zeros from the IQD, the operation of lifting three zeros from the IQD, according to a study and sound physical policy, will lead to these positive factors:

One, it increases the monetary power of the IQD to buy things.

Two, it increases the value of exchange from the dinar to other currencies.

Three, it provides more confidence for more foreign investment in the economy.

Four, in increases the confidence of the Iraqi citizen in his own currency, as is the case with the dollar and other currencies in their own countries.

Dr. Bakri

[keepmwlknfny]

Yes pepperoni, we all know how redenominations work.....except you are confused about the old dinar being able to buy 1000 new packs of cigs at 1 dinar each......but other then that you are doing better

[Azsunshine]

The statement discusses the CURRENT value of the Dinar to the Dollar PRE-RV. What is unbelievably positive about this article is the term "lifting of the zeros" is FINALLY defined as an exchange rate increase and not a redenomination/lop.

[shabbadude]

Yes pepperoni, we all know how redenominations work.....except you are confused about the old dinar being able to buy 1000 new packs of cigs at 1 dinar each......but other then that you are doing better

Did you actually "read" the article? Who was the author?

A. M. D. Jawad Kazem al-Bakri.

Next time take your Ritalin before you read.....

[DayTrader]

Yes pepperoni, we all know how redenominations work.....except you are confused about the old dinar being able to buy 1000 new packs of cigs at 1 dinar each......but other then that you are doing better

OIL CHANGE ON RACK 2!!!! So Says...............DayTrader

[keepmwlknfny]

Did you actually "read" the article? Who was the author?

A. M. D. Jawad Kazem al-Bakri.

Next time take your Ritalin before you read.....

It really doesnt even matter....cause this is the same kind of garbage that would come from kaps mouth too....

Guess I assumed that because of the title of this thread, that Kap was passing this off as coming from his "arabic translator" which happens to be the only one who really knows what deleting the zeros means cause apparently Shabs is wrong on what it is.....

So sorry shabibidudette for offending you!

"That condition has made the dinar safe at one dinar equals .067 cents to one dinar which actually gives the impression of the reduction of the purchasing power of the IQD against the dollar recently."

Really?? LOL

One dinar equals .067 cents to one dinar??

Come on!! Hahahaha what the hell are you talking about?

Edited April 7, 2012 by keepmwlknfny

[zigmeister]

Iraqs definition for lift, is not delete. If you look at all the articles in reference to "lift" from Iraq as it pertains to meetings and such, you would see they are not saying, delete the meetings, or cancel the meetings, they refer to moving up the meetings. So in this article it seems clear to me the lifting of zero's is what he states in this article.

Having said that, one cannot poo poo this article as nonsense, anymore than if it were an article declaring an RD.

[yota691]

Iraqs definition for lift, is not delete. If you look at all the articles in reference to "lift" from Iraq as it pertains to meetings and such, you would see they are not saying, delete the meetings, or cancel the meetings, they refer to moving up the meetings. So in this article it seems clear to me the lifting of zero's is what he states in this article.

Having said that, one cannot poo poo this article as nonsense, anymore than if it were an article declaring an RD.

No poo poo ziggy meister

Edited April 7, 2012 by yota691

[TonyDownTheShore]

Did I hear somebody say poo poo this article is pretty much what we want to happen, now just do it.

[zigmeister]

And thats no poo poo!

[katie45]

It's funny how LOPers will never learn. No matter what is presented to them. This document is as close to the facts as we will ever get, yet these LOPer's discount it. HAH i say. If you look at not only who this guy is Dr. Bakri, but if you Google his name, you will see he has been hired by the CBI to educate the citizens at various meeting or what they call symposiums all over Iraq. As recently as just March, 2012. Now why in the world would his information not be accurate?

This is the real key, Kap for months has been posting chats about what he felt the plan was. And just yesterday this gets posted, but it was written almost a year ago (June 2011). So what does that tell us? It tells us that what Kap thought was happening is fact. This translation is the confirmation.

Kap has done us all a great favor, working hard to unearth this information. I personally am grateful. Free lap dance for Kap

[keepmwlknfny]

It's funny how LOPers will never learn. No matter what is presented to them. This document is as close to the facts as we will ever get, yet these LOPer's discount it. HAH i say. If you look at not only who this guy is Dr. Bakri, but if you Google his name, you will see he has been hired by the CBI to educate the citizens at various meeting or what they call symposiums all over Iraq. As recently as just March, 2012. Now why in the world would his information not be accurate?

This is the real key, Kap for months has been posting chats about what he felt the plan was. And just yesterday this gets posted, but it was written almost a year ago (June 2011). So what does that tell us? It tells us that what Kap thought was happening is fact. This translation is the confirmation.

Kap has done us all a great favor, working hard to unearth this information. I personally am grateful. Free lap dance for Kap

OMG you are soooo right!! Kap works his butt off to let us all know that the CBI is laying out exactly how they are going to RV for us!! I really appreciate him educating us on how this really works! Without him I would be very very lost!!!

The rest of the world needs to wake up and heed his words cause they are ALL wrong about what the CBI is saying they are gonna do!!

Hope I have time to buy some more dinar!! WOOOOOHOOOOOO!!!!

It's funny how LOPers will never learn. No matter what is presented to them. This document is as close to the facts as we will ever get, yet these LOPer's discount it. HAH i say. If you look at not only who this guy is Dr. Bakri, but if you Google his name, you will see he has been hired by the CBI to educate the citizens at various meeting or what they call symposiums all over Iraq. As recently as just March, 2012. Now why in the world would his information not be accurate?

This is the real key, Kap for months has been posting chats about what he felt the plan was. And just yesterday this gets posted, but it was written almost a year ago (June 2011). So what does that tell us? It tells us that what Kap thought was happening is fact. This translation is the confirmation.

Kap has done us all a great favor, working hard to unearth this information. I personally am grateful. Free lap dance for Kap

He discounts himself.....how much does he really know if he doesnt even know the value of the dinar? ("That condition has made the dinar safe at one dinar equals .067 cents to one dinar " ) But yet these are the facts right? And you are so glad he is educating you? Wow.....

[Dinars4sale]

This Keep works hard to be king Toolbox of the Loper's.

[DinarWhiz]

This Keep works hard to be king Toolbox of the Loper's.

lol

He should be penned up in LOPPER LAND with the rest of them.

[katie45]

Funny how Keep is bustin Kap's balls for what the Economist said. He also said 'for example' which means just that. I am not good in math, but .067 cents per dinar seems accurate back last year?

[keepmwlknfny]

Funny how Keep is bustin Kap's balls for what the Economist said. He also said 'for example' which means just that. I am not good in math, but .067 cents per dinar seems accurate back last year?

.067 cents per dinar? You wanna double check that?

Its been 1170 for the past three years, recently at 1166 and before all that it was even worse.....

.00086.......

Where did you go to school?? Just curious.....

This Keep works hard to be king Toolbox of the Loper's.

Is it just easier to classify someone as a lopper when they dont go along with whats being said???

Is that how it works?

[willy1der]

This article is speaking of a LOP! How do you read anything else out of this is beyond me. Are we to the point here that all we can handle is what tickles the ears. C'mon folks. My hope is they revalue and then redominate but this article is talking about the LOP. Afterwards they can raise the value to help build confidence in the dinar. This is why we didn't see it happen for the summit. They had nothing to brag about by doing this for the summit. The people in positions like Maliki, Shabibi, Allawi are not stupid, they have had some of the best education you can imagine. Hopefully I'm wrong but what I get out of this article says LOP, when they use countries that have done this in the past as examples show me one country that revalued prior to lopping the zeroes, I don't believe that has happened. Now does that mean what this man has to say is set in concrete, no. Are they going to come right out and announce to the world they are going to RV prior to redenominating, once again no. That is my hope, they aren't telling us everything. Hopefully Adam's info is correct, I'll take $0.03 over a lop and redenomination all day everyday!

Have a wonderful Easter!

[TonyDownTheShore]

I remember a singer called Cindy Lopper, I wonder if she has anything to do with this?

[dillonsdinar]

Did you actually "read" the article? Who was the author?

A. M. D. Jawad Kazem al-Bakri.

Next time take your Ritalin before you read.....

Oh Come On Shabbadude... Give the Dinar Expert(Auto Mechanic) a Break! LOL

OIL CHANGE ON RACK 2!!!! So Says...............DayTrader

LOL!

[keepmwlknfny]

Oh Come On Shabbadude... Give the Dinar Expert(Auto Mechanic) a Break! LOL

The funniest part is that stuff like this really does make me look like a dinar expert!!! And thats bad!!!

[cheerful1]

The funniest part is that stuff like this really does make me look like a dinar expert!!!

NOT

[katie45]

.067 cents per dinar? You wanna double check that?

Its been 1170 for the past three years, recently at 1166 and before all that it was even worse.....

.00086.......

Where did you go to school?? Just curious.....

Is it just easier to classify someone as a lopper when they dont go along with whats being said???

Is that how it works?

Keep, you are talking exchange rate, and the Dr. Bakri is talking in monetary value (cents). They are not the same. You look stupid posting this when you don't understand. Remove two zeros. I knew this and i don't even get math very well.

[tampa1000]

Interesting....

[keepmwlknfny]

Keep, you are talking exchange rate, and the Dr. Bakri is talking in monetary value (cents). They are not the same. You look stupid posting this when you don't understand. Remove two zeros. I knew this and i don't even get math very well.

Thats not even its monetary value!!! What arent you getting??

The piece is talking about removing three zeros, not two....where are you getting two from?? The guy is talking about three zeros but now you say he is talking about two zeros??? Which one is it?

You see how silly this "document" is?? Now your just making up and throwing stuff in there along the way to try and make some kind of point.....its not working very well!!!

[RRSport]

wow seems PTR folks are flocking over here and bringing their blinkered Negs with them. Sad.