Parliamentary Finance: Central Bank starts during the current year measures the deletion of zeros from currency

[Markinsa]

if you feel like i need censoring you sure can

Of course not, we can always ban the one IP and get all of them.

So you edited your post about setting up multiple accounts, let me put it this way, if you talk like a lopster and crawl like a lopster, you'll swim like a lopster.

No censoring, just limiting where you can post your opinions of what you think is going to happen.

[boomer113189]

not if people use proxys they cant be banned. mybe the username can be banned but people can always make unlimited amount of accounts

Edited April 14, 2013 by boomer113189

[boomer113189]

so you ban people or put them in the lobster tank because they post something negative that is true and backed up by links.

[dontlop]

i took a couple away markinsa ..

[boomer113189]

Of course not, we can always ban the one IP and get all of them.

So you edited your post about setting up multiple accounts, let me put it this way, if you talk like a lopster and crawl like a lopster, you'll swim like a lopster.

No censoring, just limiting where you can post your opinions of what you think is going to happen.

in other words you want to censor everyone that even say the words RD or lop. that much is clear

[Markinsa]

so you ban people or put them in the lobster tank because they post something negative that is true and backed up by links.

 

No, we put people in the Lopster tank that only talk about LOPPING in the regular forums.  We ban members because they repeatedly break forum rules, disrespectful to staff or try to bypass the restrictions we placed on their accounts

in other words you want to censor everyone that even say the words RD or lop. that much is clear

 

I don't want to censor anyone, what I will do is in a few minutes is restrict your posting abilities to give you an opportunity to reflect on what is said here, and allow the Admins to place you in the tank. Then you can do all the whining and complaining about being censored there.

[dontlop]

13 hours ago people were discussing any which way to  look at this article to find anything positive about it

 

 

 

13 hours ago that guy had to but in and take away any conversation llike that .. and been posting the same boring analisis all day long .he like a broken record .. as if no one knows what he said fifty times .. but him./. like we dont get or understand ..

 

 oh we understand perfectly ..

 

 some people are bitter and enjoy  annoying others .. theres a difference between  posting and annoying

Edited April 14, 2013 by dontlop

[boomer113189]

so does that mean if some asks a ? about what does removing the zeros means in any section but the lobster tank no can answer it ? i gave a link to back up what that really means . if that's the case any article that has to do with removal of zeros should be put in the lobster tanks so everyone can answer the ? correctly

[dontlop]

over and over ..like a broken record ..

 

we know more about a lop than he does .

we dont need to discuss it all day long

i guess if you bought this when you were 60 yrears old and your 70 now .. you could be bitter .. 

im bitter i dont hound all my nephews and nieces all day long about the problems in life they will eventually experience as they age ..

 

i let them enjoy themselves while they can ..why ruin  their fun  ..

Edited April 14, 2013 by dontlop

[zul]

[

I stand corrected but in the instance that they use "remove the zeros" , in the case of Iraq, there is more than one meaning.

 

Tripphood,

 

The way i see it....remove the zeros refers to new currency minus the 3 zeros. The cost of the process #150 million dollar ~ is basically the cost of printing new currency.

 

 

Sunday, March 25, 2012

BAGHDAD – Naseer Goldfinch

Official sources in the Iraqi Central Bank to the project to delete three zeros from the Iraqi dinar actually began, and that the process will cost the budget 172 billion dinars (150 million dollars). She explained that the budget next year will be the new dinar, which will serve the Central Bank to gradually raise its value against the dollar and equal access to price, any dinars per dollar.

Edited April 14, 2013 by zul

[dontlop]

ever go to a majic show . and sit in the audience screaming out .. thats fake ..thats fake .. THATS NOT REAL .. BOO ..BOOO .. AND WONDER WHY ALL THE REST OF THE PEOPLE CANT STAND YA<< this isnt directed at you zul

Tripphood,

 

The way i see it....remove the zeros refers to new currency minus the 3 zeros. The cost of the process #150 million dollar ~ is basically the cost of printing new currency.

 

 

Sunday, March 25, 2012
BAGHDAD – Naseer Goldfinch
Official sources in the Iraqi Central Bank to the project to delete three zeros from the Iraqi dinar actually began, and that the process will cost the budget 172 billion dinars (150 million dollars). She explained that the budget next year will be the new dinar, which will serve the Central Bank to gradually raise its value against the dollar and equal access to price, any dinars per dollar.

THANKS ZUL i havent seen that one

Edited April 14, 2013 by dontlop

[dontlop]

it looks like they are not going to be printing dinar notes with zeros on them any more ..  and they will phase out the large notes  at the same time they are increasing the value of the new notes ..

 

we all know they  have to print new currency with kurdish language on them ..

 

if they keep printing up  these bremmers with  no kurdish language on them its going to cause problems ..

 

the kurds are going to be happy  when they see the new dinars  especially if they are worth a dollar .. they will  gladly turn in their dollars for that new dinar .. 

 

wonder when the last time the kurds had their language on the dinar

the new notes were printed already .. and last year they were rejected because they didnt have  the kurdish language on them ..

 

 a new set of dies takes a long time to make .. then print up a billion notes .. thats not done in a couple months

 

 all the different denominations need their own printing plates .. all the different coins need  their own dies .. and dies wear out ,, they dont last forever .. they got to be replaced constantly

 

 and if they want this to allgo down at the same time .. they all have to be finished .. and all the coins  and bills made and distributed before they say .ok today we launch a new dinar .. // its not as easy as prople think .. those dies are hard to make and can take a year to make one ..

Edited April 14, 2013 by dontlop

[easyrider]

so does that mean if some asks a ? about what does removing the zeros means in any section but the lobster tank no can answer it ? i gave a link to back up what that really means . if that's the case any article that has to do with removal of zeros should be put in the lobster tanks so everyone can answer the ? correctly

the problem is boomer i have seen your posts and you post only articles showing either negative effects in their economy or Deleting zeroes its really NOT that hard to point out the obvious here.  Either you have an agenda here because lets face it your under a different alias.  I find it very ironic once a deletion of zeroes article surfaces which we know most are recycled anyhow its like sharks circling in a lake around a fresh school of fish.  I ve noticed it for some time now you are very one sided in this investment i mean look at your comments "Its an RD" this is a "lottery ticket"" ive sold most of my dinar" i mean whats ur real agenda here? why share that? it seems you are trying to get people to sell their dinar just like many accused of people pumping dinar.  I dont know about you but im here and in this investment to make money NOT to lose. Now we dont have the ultimate control over what the CBI will do but all, u have post are articcles to bring up the LOP theory give it a rest already.  If u think youll lose out why even be here?

 

P.S I have never seen you comment on positive developments in Iraq.

Edited April 14, 2013 by easyrider

[gainesm]

in other words you want to censor everyone that even say the words RD or lop. that much is clear

 

While I'm definitely a pro-RV person, I think the article is talking about a LOP and a redenomination rather than a RV - and whether or not you a pro-LOP or pro-RV (or if you're pro-whatever-it-takes-for-a-big-payoff) is irrespective of that fact.  Even though I personally think there's a lot of intel out there that either (at most) suggest RV or (at least) does not limit a RV possibility, I cannot ignore the plain factual reality that the vast majority of news articles and other "official" statements we see are centered around the deletion of zeros and replacement of currency.  I do have to admit it, but that does not mean I have to accept it as the only possibility for the future.  

 

What I have been trying to educate myself on lately is whether or not a LOP/RD and a RV (or gradual appreciation) are mutually exclusive, and I do not believe they are.  To think Iraq would only LOP/RD and then be done with it is a level of shortsightedness that defies logic.  

 

Why on earth would anyone disregard Iraq's serious potential?  War-time instability is just that - instability during war-time.  The landscape war creates is an uncertain one, and recovery takes time.  It is preposterous to me that people think this will be Iraq's existence in perpetuity.  Stability will come.  And, when it does, so will the prosperity.  What they do in the meantime with their currency - even a LOP/RD - is irrespective of the future prosperity.  It is that long term goal that people need to be thinking about rather than the short-term goals achieved via LOP/RD.

 

A valuable Iraqi currency is going to happen, and they are taking definitive strides necessary to foster it.  Don't get bogged down in the weeds of their seedling policy or you will miss the long-term staging they're doing right now.  It may be that a RV is not the short-term goal, maybe that goal is a LOP/RD - but their long term goal is a positive monetary policy that brings with it a valuable Iraqi currency for all the reasons EVERY country has the same goal for their own currency.  That is their goal.  They are not going to put into practice policies right now that will prevent them from reaching that goal in the future.   

 

You don't have to have a PhD in Economics to see this.  You do not even have to be someone with a background in Finance or Investing.  You just have to be someone who doesn't think in a binary way.  

[Badrabbit]

Keepmwlknfny:

 

"Your statements are contradictory. You relate this to what happened with the US (which wasnt a redenomination) and say that its going to be similar, but if thats the case, then Iraq would end up with MORE physical notes, not less. You cant go from 4 billion notes to 1 billion notes by giving people smaller denominations for their bigger bills."

 

I believe that Iraq has been taking the Dinar off the streets for some time now through the Auctions, this is how the 4 Billion notes will be reduced to 1 billion notes not through the RV itself. not to mention that most of the "New Moneys" will be electronic. and a great portion will be outside Iraq in other countries as foreign reserves.

 

 

 

[RVPleaseToday]

"the new notes were printed already .. and last year they were rejected because they didnt have  the kurdish language on them .."

 

That was Guru nonsense. Do you really believe a company that prints currency would actually print the currency without final approval from the GOI? It would have been proofed and proofed again by many people. There was no currency printed with such an egregious mistake on it.

[yota691]

Central Bank begins procedures deletion of zeros from currency

The time on Sunday, April 14 / April 2013 06:46 | |

 

 

 

Baghdad / Orr News

The parliamentary Finance Committee said that the central bank According to the official correspondences begin this year procedures deleting three zeros from the local currency, stressing that it would lead to the development of cash transactions and international economic.

 

A member of the Finance Committee Abdul-Hussein al-Yasiri it, "according to official Almkhtabat with the central bank, it is supposed to start this year necessary Balastaadadt to delete three zeros from the local currency." He pointed out that "the local currency will reduce from four billion units to one billion units which will make there Anciabh in the process of transfer of the currency." And Yasiri that "the Finance Committee supports to make changes to the local currency because of the economic importance of the country."

The central bank says that the deletion of zeros were part of a plan to develop its monetary policy and currency management reform. He was a member of the Finance Committee parliamentary Haitham al-Jubouri, had said in an earlier statement to him that "the currency exchange and delete Ocefarha will features the best and the biggest decrease of the volume of inflation and revive the dinar due to lack of demand for the dollar, which comes positive aspects significant for the country's economy, and replace it will revive the country's economy but needs to political and economic atmosphere appropriate to carry out the project without facing any obstacles lead to the deterioration of Iraqi currency. "

The CBI had said in August that it plans to delete the zeros from the Iraqi dinar to facilitate financial transactions made through cash in most cases. Among the difficulties faced by Iraq if they are to foot the deletion of zeros from the dinar is the withdrawal of about 30 trillion dinars in circulation in the Iraqi market, then discarded and replaced with a new currency. And ruled out by the Ministry of Finance earlier deletion of zeros from the local currency in 2013 because the current budget calculated in the currency.

 

[RVPleaseToday]

Yota apparently considers this an important article, considering the posts in various threads.

Edited April 14, 2013 by RVPleaseToday

[yota691]

the problem is boomer i have seen your posts and you post only articles showing either negative effects in their economy or Deleting zeroes its really NOT that hard to point out the obvious here.  Either you have an agenda here because lets face it your under a different alias.  I find it very ironic once a deletion of zeroes article surfaces which we know most are recycled anyhow its like sharks circling in a lake around a fresh school of fish.  I ve noticed it for some time now you are very one sided in this investment i mean look at your comments "Its an RD" this is a "lottery ticket"" ive sold most of my dinar" i mean whats ur real agenda here? why share that? it seems you are trying to get people to sell their dinar just like many accused of people pumping dinar.  I dont know about you but im here and in this investment to make money NOT to lose. Now we dont have the ultimate control over what the CBI will do but all, u have post are articcles to bring up the LOP theory give it a rest already.  If u think youll lose out why even be here?

 

P.S I have never seen you comment on positive developments in Iraq.

Easy I hear what your saying...But you can't let it bother you..I'm not telling you what to do.. but it not worth the aggravation to argue or more less put any input in these type's of article's..with some of these folks.. we can post articles that contribute to what is actually going on...till your BLUE in the face..and it stays the sames..I let it ride so they can argue among themselves..

 

Yota apparently considers this an important article, considering the posts in various threads.

just another article for the  LOPster to come up and Gets some Fresh air that's all...

Edited April 14, 2013 by yota691

[dontlop]

Baghdad (news) .. Re MP / Kurdish coalition blocs / Hamid rest, the claimants not to include the Kurdish language in the new currency, saying that the constitution stipulated that Arabic and Kurdish are the official languages of Iraq, saying its refusal in the region if they are free currency “demilitarized zeros” of the flag.
and said the rest of the (of the Agency news) said on Monday: The Constitution affirmed in Article (4) that the Arabic and Kurdish are the official languages of Iraq and the scope of the official language of all government issuance in both languages and issued by the House of Representatives, ministers, courts and other areas that require the principle of equality (Kjeridh official banknotes and passport travel). He added: Since the new currency the deleted zeros is the official currency of Iraq must be issued in both Arabo and Kurdish as stipulated in the Constitution, noting that the claimants drawers currency Arabic alone, “they think they are still living the central system dictatorship that believes Baltsultah and socialism.” He said: In case of issuance of the new currency after deletion of zeros of the three of them without the Kurdish language under the pretext it needed to legislate a law or constitutional amendments will be rejected outright in the region and not to deal with. and calls for a number of parliamentarians in the two financial and economic legislation of new law or an amendment to the Constitution of Iraq allowed the Kurdish language to the new currency. / Finished / 8. d. Q /
Source: ikhnews

Vice Kordstani: the region would not deal with the new currency if they are free of the Kurdish language

[lucia]

4 billion units to 1 billion units ........ and the zero` are hitting the main street news again .... { un pumping the dinar  }.....back too the white knuckle ride of dinar ,,, r.v. or l o p p e r s delight

No need to white knuckle if you are treating this like any other investment. All we have ever had to go on is speculation and some rudimentary understanding of economies to choose whether to stay in the game or not. It could still take a long time. Think of the energy you could put toward something that enhances your life instead of fretting about everyone's "educated opinions". I believe this is going to happen. But I find doing the best I can for today is the best answer to relieving the anxiety of "any minute now".

[vomer]

There's so much historical precedence for a LOP not a RV.  And I am not a lopster.  And someone comes in here and says "Iraq is a different story.  Dropping the zeroes has a different meaning here."  I fail to see why.

[TotalNewb]

Considering the other statements and Iraqi TV reports from the CBI a few weeks ago referencing a major increase in value of the IQD, this article is all about removing the large notes out of circulation. This can only happen post RV because with out it, they would still need to carry either USD or a ton of low denom IQD. I see this similar to the US removing the 10,000 dollar bill. This is also why, IMO the CBI has been pulling in the large IQD notes in country and pushing the use of USD... in preparation for an RV and introduction of the LDs.

At least that's what I WANT to believe.

[dontlop]

digital banking is  what the cbi is pushing .. they only want to carry around 30 billion in actual dinars in phisical currency ..

around 1 billion notes .. not 30 billion total money supply ..

i heard they may even be making 200 dinar notes  as well as 100 .. 50 .. 20 .. 10 ..5 .. notes and  coins

 govt wants to pay its salarys in smart cards .. to free up liquidity

[zigmeister]

Ditto dontlop.  I believe this is exactly their intention.