WOW THOUGHTS ON THIS ONE PLEASE Expert: delete the zeros will increase confidence in national currency, the new

[keepmwlknfny]

I don't know what I would do if it were not for you to point out the important parts of these articles. Thank you God for Keep and his wisdom.

The link I provided is not necessarily for this article at all.....

Wanted to share some good information about the purposes of the auctions and whats really done since there seems to be a huge misconception that the auctions are reducing the amount in circulation.....

Did you happen to glance at it?

[msmortgagewiz]

I haven't even started on the article yet........just peoples assumptions of discrediting economists who have a much clearer picture of the situation than we do.

Its funny to me......people wont listen to an economists.....but will listen and believe the likes of frank, breitling, med, and the list goes on and on.......

Its like.....dont listen to someone who's knee high in it..........................lets listen to the people making paychecks on the whole concept we expect a rv........

the ignore button is awesome...hope you find it soon

You said that with all the five "C"s I loved it. I agree with your statement referenced above 100%. What I also offer from just the administrative side of what must take is where the actual time line lies . Principals of financial accounting doesn't just mysteriously disappear from any monetary process of change because it's Iraq's RV, or any other country for that matter. I posted a document earlier today. It's Brazil's version of the same process. Why recreate the wheel if you will. Thanks for the positive words Truthful1.

Brazil/Google Scholar/It is posted as a how and why only.

https://docs.google....yPY52YaDmLXoUZA

[alan_coaks_3]

Do it we need this

[msmortgagewiz]

You said that with all the five "C"s I loved it. I agree with your statement referenced above 100%. What I also offer from just the administrative side of what must take is where the actual time line lies . Principals of financial accounting doesn't just mysteriously disappear from any monetary process of change because it's Iraq's RV, or any other country for that matter. I posted a document earlier today. It's Brazil's version of the same process. Why recreate the wheel if you will. Thanks for the positive words Truthful1.

Brazil/Google Scholar/It is posted as a how and why only.

https://docs.google....yPY52YaDmLXoUZA

In case the above link doesn't work.

Brazil/Google Scholar/It is posted as a how and why only. https://docs.google.com/viewer?a=v&q=cache:X5Fc1w9p3JQJ:www.managementjournals.org/ijems/IJEMS-11-1117-aug.pdf+brazil+devaluation+policy+of+deleting+three+zeros&hl=en&gl=us&pid=bl&srcid=ADGEEShGSBpnuBBhcpqcs_GQhZ4FqRVm0W5wDQUVT-AUhqkfQDtZJF08-RkQjdhVM0Ww3RhN32oJWD6EzKip0mGHj7D95C6lpkgwH6MpZ6-JycKyWuxXvU7EQakDK-7zh9P5HLT3-n43&sig=AHIEtbQJ6VL_fsi1mhYyPY52YaDmLXoUZA

Posted on Today, 09:03 AM by msmortgagewiz

[Rayzur]

Yep....if they didnt keep mentioning those countries and reducing the money supply then I might think a little differently.....

Keep, Brother ya know I really want you to be wrong in your analysis of the dinar lop.As I recall you saying, you would like to be wrong as well And I nonetheless respect that you have an opinion which I don't like, but still respect. (Did I mention I did not like it )...

I recall an article from last September that seems to be saying what you are saying, yet at the same time, take more of a middle ground (not a pure lop, but not a pure RV)? Not sure, it has way too many words in it for me to sit still and distill.... But either way, this article seems to be pretty clear as to what will happen, and if anyone can boil it down for their ADHD colleagues,(who are likewise conceptual arithmetic stupid) .... that would be so swell

Here is the article I posted months ago, its from Septemberish 2011:

http://bit.ly/pErzs9

In light of economic conditions and volatile financial pressure and monetary inflation that has befallen our country before, and led to negative effects on the regularity of the commercial market and the labor markets and production and living standards of citizens, it has generated distortions many structures, economic relations, among which was the Activity block cash many zeros of little value and way that is not commensurate with the future developments in the present and the future of the Iraqi economy, which requires a solution to these conditions and offal, and these solutions reform the management of currency cash through the structure and the deletion of zeros to control the flow and management of the cost of the cash block optimally.

The trading bloc cash exporting more than 30 trillion Iraqi dinars to the various groups and reflected by the number of securities traded $ 4 trillion paper money is the product of a long period of inflation and economic decline, rising, for example, the index of consumer prices Bassas 1993 from 100 to 200,000 in the midst of the year 2003, which means that the item that was sold for 100 dinars became sold for 200,000 dinars … And so on. Under such circumstances, the deterioration of the value of the coin currency rose greater than 25 dinars to 25,000 dinars, which means that inflation is added, these zeros Categories do not fit with the current currency of the current economic situation and the next.

For example, before the outbreak of the Iran-Iraq war was the category of 25 dinars equivalent to $ 75 purchasing power of the time or the equivalent in the present 300 thousand dinars. I said inflation in the country over three decades of zeros to the currency, although this did not raise those zeros of the purchasing power of the largest category of the coin is 25 thousand dinars, which is equal to today’s $ 21. We need today to restructure the currency. Valasfar mean large cluster of large cash in circulation today of about 30 trillion dinars, which requested the circulation of cash directly and significantly to the cost of sorting and counting and it takes time and spatial properties and security.

In the price system, is the price is expressed in exchange value and thus the structure of costs and payments of salaries and the Cubs and eventually become Akiem all transactions not commensurate with the needs of the country into a cash management system consistent with the restructuring of the real sector and price levels reached. The country needs a monetary system is easy to handle small groups and large reflect the real cost of that structure. Especially if we know that inflation means self-rising prices of cash money price of goods and services (ie, how much money we need in exchange for package of goods and services .. the more increase the amount of money allocated in exchange for the package itself means that there is inflation or a rise in the price of money) . note that the value of money is inversely proportional with the price of money, especially if Maalmana that price is the value of goods and services expressed in cash. Since the money is anything agreed upon the community to become a broker of exchange and store of value and unit of account, the money (legal) issued by the Monetary Authority under the law and with the power of discharge of the receivables and is seen as a social institution Social Institution increases the efficiency of the economy and economic ventures in moving the exchange efficiency of the institution social or money, and vice versa. Has led to high inflation continued currency of No. 23 billion dinars in 1991 to about 30 trillion dinars at the present time, the high currency the largest category of 25 dinars to 25,000 dinars over time. In this, draw the inflation figures of new currency in circulation by adding three zeros, which increased the amount of cash operations in nominal and arranged the production costs of large quantities of them were accompanied by operations, storage, and distribution of promise, sort and check to accompany her and the levels increase, helped to increase the operational risks associated with Operational Risk.

In the light of price stability and optimism in Iraq’s future development, it became necessary to hold a radical overhaul of management system of currency and the re-structure commensurate with the structure of the new price is different, stable and levels of wages and salaries, which differed significantly from the last thirty years, as well as handling the mass of large cash weak components so that become the largest category of currency, but not worth $ 21 U.S. for the time being. Noting that the increase in gross domestic product, Iraq’s $ 140 billion at year-end 2010 to more than $ 300 billion at the end of 2015, will raise the monetary mass exported from the 30 trillion dinars to about 70 trillion dinars. And installation in the structure of the weak currency as mentioned above may take the added cost is called the cost of cash transactions in terms of traded between individuals and within individuals, banks and the banking system.

The demand for the U.S. dollar (in particular the category of $ 100) has become an urgent need for the settlement of cash transactions in the local market beyond the control of monetary policy to the fact that market is looking at the transactions into categories, the largest currently unavailable, but it reflected the category of U.S. currency large for easy carrying and handling. Therefore, the monetary system of Iraq need to reform the administrative order to have a monetary of high purchasing power in the trading easy pregnancy and acquisitions in order to facilitate exchanges cash for the purposes of transactions and trading noting that the imbalance in the structure or installation of monetary units have the depth of the problems of “dollarization”, which impacted undesirable on the effectiveness and performance of monetary policy.

In Sweden, for example, that where there is currently one of the best systems of cash payments in the world,

however, the cost of trading cash counting, sorting, transport and storage of the coin cost the national economy gain of 4% of the GDP of Sweden. How can we compare this in a country like Iraq shall be managed so amounts of cash tremendous weak structure, which adds the cost of cash transactions may have up to 8% or more of the gross domestic product, a burden borne by the individual in his dealings, which took reduces the efficiency of the exchange as a social support for the institutions of the economy different, including the market as evidenced by the large cash transactions are limited to the payment in U.S dollars, which means substituting other country’s currency in circulation for the award of cash transactions because of falling efficiency and installation of the current monetary bloc. And raises the multiplicity of the zeros on the categories of currency with a lower purchasing power has enormous difficulties, including the difficulty to express the monetary value as well as the difficulties of monetary operations itself and the technical problems in the recording of statistical data and registration in the accounting books and changing the computer systems and settlement systems as well as show price figures for a long difficult sometimes even counters or digital device, read the digit at gas stations or other digital devices.

On this basis, the need to reform the system of cash payments through the following advantages:

First

- At the horizontal level: delete the three zeroes

- Transfer of 30 trillion dinars to $ 30 billion by deleting three zeros from the current currency and replace it with a new currency making it easier to handle arithmetic with numbers are less numerous on the level of the accounts of the federal budget, budgets of banks and companies as well as balancing family cash (individuals) without arranging any change or change of income or monetary wealth of the people, the natural and moral as well as the lack of impact on the contracts and obligations between natural persons and

legal entities all. It generates a so-function sports homogeneous degree zero

Homogenous Function of Degree Zero, as long as the amount of new money covers the smaller number in the package of commodity exchange in the same old money with the largest number.

II.

- On the vertical plane, the restructuring of the currency and installed

- As the large category of $ 25,000 a JD alone (two thirds of the amount of securities traded), the biggest

issue categories mean reduction of four trillion banknote currently in circulation and converted to a number equal to (2. billion banknotes. Stakhtzel as large groups of the coin about 90% of the total categories exported to the circulation.

Based on the foregoing, the cost of cash transactions between individuals, banks, and between individuals

themselves, natural or moral will fall inevitably in terms of the cost of acounting and checking. If Maalmana, the banknotes traded eroded the average over a period of five years, which means the replacement of enormous mass weak structure and the consequent costs of printing specifications, a high-security burden is borne by the authority of another version of the remnants of a cash management system cash generated by the economic downturn and the former has become not fit, stability and economic progress desired.

Finally, that the reasons for changing the currency of the current reflects the fruit of economic stability and success of the policies of the Iraqi Central Bank in maintaining stability and of stability of the Iraqi dinar exchange rate and lower inflation to the level of one decimal place and build reserves of foreign support of the Iraqi dinar at levels not previously achieved during the last thirty years ago, which is a cover Iraqi currency. In addition to improving the system of cash payments and leave him stuck to the past and the actual composition and its imbalances and economic re-construction on the future of economic development and its data in real and nominal .So, has prepared the Iraqi Central Bank strategic long-term viable future, when the availability of the appropriate opportunity and gradually according to clear instructions and regulations, guidelines provide protection of the rights and interests in line and the stage of prosperity ahead, economic growth is expected in terms will increase the average per capita income in the coming years to more than once and will step steps towards economic progress, which requires a reform of the waste stages of inflation and may require some legislation in this regard.

D.

The appearance of Mohammed Qasim

Deputy Governor of the Central Bank of Iraq

[crusher]

I take these articles with a grain of salt. I watch what they do.... not what they say. To hinge on every one of these stupid and confusing articles each and every day is a mindless waste of time.

I've seen this crap for 2 years now and have watched all you negative nellies repeat yourselves over and over. Your comments are noting new to me.

The thing that irritates the negative people like you is that you don't get to me. AT ALL!!!

Bottom line, if you don't have the stomach....get out of this investment. Same is true for any investment and this is just another investment to ride.

Happy Easter to all the positive people out there.

You have a sour tongue, been eating lemons today. Nothing irritates me, maybe except greasy food. If you have seen this crap for 2 years already, then another 2 years wont do you any harm. Just make you OLDER and WISER. Is it true what they say about blonde's?

[Carrello]

You have a sour tongue, been eating lemons today. Nothing irritates me, maybe except greasy food. If you have seen this crap for 2 years already, then another 2 years wont do you any harm. Just make you OLDER and WISER. Is it true what they say about blonde's?

Lemons? That's the best you have?

Hey Goldie, keep moving on. Nothing for you here, he's an easy touch for you, and he likes to pick on girls. What a guy.

[Darin]

And how exactly are they removing dinar from circulation? Just curious.....

Well, its hard to go off of media articles to speculate on that. The media articles don't really include details as they only speculate on quotes from CBI officials and compare to other countries that have done similar events to what has been quoted. The CBI doesn't exactly advertise whether they are adding or removing dinar into circulation. What we have seen is quotes from officials stating measures have been put in place to prevent black markets from taking the dollars outside the economy.

Why would the CBI be so concerned? If they're receiving dinars that were held by foreigners in return for USD, what is really the problem? Less dollars in the local market means that more people would have to rely and trust the dinar for use, right? But what we have also seen, which seems to be the only valid reason for concern is that the market value of the dinar is less than the CBI rate. Which is likely due to the reason that money exchangers are able to acquire more IQD in exchange for USD than the CBI actually offers to buy & sell at because it is being done on the black market.

I think the last couple auctions have only been in the 50 million range as to where they were around the 200 & above range weeks ago. It would appear that their new tactics and procedures put in place has simply suppressed a black market from acquiring dollars.

[crusher]

Lemons? That's the best you have?

Hey Goldie, keep moving on. Nothing for you here, he's an easy touch for you, and he likes to pick on girls. What a guy.

And I give you

[TimS]

The link I provided is not necessarily for this article at all.....

Wanted to share some good information about the purposes of the auctions and whats really done since there seems to be a huge misconception that the auctions are reducing the amount in circulation.....

Did you happen to glance at it?

She didn't respond to you, so I take it that means she has NOT looked at it. Why would anyone want to see some facts when they can believe what they want to believe...facts just muck up the water....can't possibly see things clearly if they are given facts. They would then have to think and process the info.....much easier to listen to those that just tell them what they want to hear. :D

Edited April 10, 2012 by TimS

[SocalDinar]

You have a sour tongue, been eating lemons today. Nothing irritates me, maybe except greasy food. If you have seen this crap for 2 years already, then another 2 years wont do you any harm. Just make you OLDER and WISER. Is it true what they say about blonde's?

Yes it's true! They are superior in all respects

[zigmeister]

She didn't respond to you, so I take it that means she has NOT looked at it. Why would anyone want to see some facts when they can believe what they want to believe...facts just muck up the water....can't possibly see things clearly if they are given facts. They would then have to think and process the info.....much easier to listen to those that just tell them what they want to hear. :D

I believe Tim she put keep on ignore. I don't blame her really, I wouldn't appreciate folks ganging up on me either. She probably has much better things to do anyway.

[TimS]

I believe Tim she put keep on ignore. I don't blame her really, I wouldn't appreciate folks ganging up on me either. She probably has much better things to do anyway.

Ok...I get it, but.....

here's just a little tidbit for thought......why bother to comment on some one's post if you want to ignore them????????

[Goldiegirl]

She didn't respond to you, so I take it that means she has NOT looked at it. Why would anyone want to see some facts when they can believe what they want to believe...facts just muck up the water....can't possibly see things clearly if they are given facts. They would then have to think and process the info.....much easier to listen to those that just tell them what they want to hear. :D

Don't make assumptions about what I read and what I hear. I'm not that blind and stupid. Just moving on from a topic going nowhere.

[zigmeister]

One thing I have always wondered just who these banks are that participate in the auctions?

[keepmwlknfny]

I believe Tim she put keep on ignore. I don't blame her really, I wouldn't appreciate folks ganging up on me either. She probably has much better things to do anyway.

No one even ganged up on her!! All I did was ask her if she saw the link I posted after she made the smart arse comment about me....

I didnt attack her....didnt gang on up her....she just assumed what I was posting information on, that it was negative, and didnt even take the time to look at what I presented before opening her mouth.....

The information was not even related to deleting the zeros lol....its about the auctions and what happens....why they sell the USD.....

[Goldiegirl]

No one even ganged up on her!! All I did was ask her if she saw the link I posted after she made the smart arse comment about me....

I didnt attack her....didnt gang on up her....she just assumed what I was posting information on, that it was negative, and didnt even take the time to look at what I presented before opening her mouth.....

The information was not even related to deleting the zeros lol....its about the auctions and what happens....why they sell the USD.....

You highjacked the thread...a no no in my books.

[keepmwlknfny]

You highjacked the thread...a no no in my books.

I hijacked a thread by asking another member how they thought or knew that they were removing currency from circulation???

You gotta be kidding me right??? Another member stated it and brought it up...but since I asked them how they are doing it, that means I hijacked the thread??

Wow....what was I supposed to say?? Just a simple thanks for posting?? Your not related to Randlin are you?

[zigmeister]

Since I have your attention Keep, do you know what banks participate in the auctions? Just curious.

[Carrello]

Since I have your attention Keep, do you know what banks participate in the auctions? Just curious.

Hey Zig, I heard over at the camel cooler that you get around. Looks like it's true.....

[keepmwlknfny]

Since I have your attention Keep, do you know what banks participate in the auctions? Just curious.

Honestly no I dont know all the banks that can/do participate.....Im sure the majority is in Iraq, but there are outside banks that participate too and the only way I know that is because they explain the "remittances" which is the profit they get from sending the money outside the country.....

I wonder if they list participating banks somewhere.....would be something to look into...

[Bumper64]

play nice!!

Glad to see you back Carrello

[zigmeister]

Honestly no I dont know all the banks that can/do participate.....Im sure the majority is in Iraq, but there are outside banks that participate too and the only way I know that is because they explain the "remittances" which is the profit they get from sending the money outside the country.....

I wonder if they list participating banks somewhere.....would be something to look into...

Well I was noticing the auctions today there were 9 banks who participated in them. Yesterday there were four, I think the 5 banks today were banks in Europe. Yesterday they had a holiday which would explain why some did not participate in the auctions. Just something I noticed.

Hey Zig, I heard over at the camel cooler that you get around. Looks like it's true.....

Just camel propaganda.

[Installer36]

A question I have had for some time now ...Is if they were to do as this article states then why have they not done so ? I can see a great deal of issues that need to be resolved for an RV but as for the RD why not do it and be done with it since an RD is supposedly good for the Country. So for me I kinda go along the belief that the longer it takes the better off for us....Thanks Chris...

[keepmwlknfny]

A question I have had for some time now ...Is if they were to do as this article states then why have they not done so ? I can see a great deal of issues that need to be resolved for an RV but as for the RD why not do it and be done with it since an RD is supposedly good for the Country. So for me I kinda go along the belief that the longer it takes the better off for us....Thanks Chris...

I agree with you that the longer this goes on, the better chances we have.....

With either a RV or a RD, it would take a country like Iraq a lot of time with the planning and logistics of carrying out such a feat.....even with a RD, the end result is a RV of sorts because the NEW currency would have a much higher value because it would not be as inflated....

Many things come to mind as to why it hasnt been done....one being the banking reform (being so far behind technologically speaking vs other countries) the other simply being that it takes Iraq FOREVER to do anything!! If they cant get a govt together within 3 or 4 months after elections were held then how long you think it would be for them to pull off something of this magnitude??