the CURRENT CURRENCY NOT WORTHY in IRAQ .. And the DELETION of ZEROS ( RAISE the VALUE of BANKNOTE, NOT CURRENCY!! ) is an URGENT NEED!

[sandstorm]

It's not any answer lol I know how to do research .. Not a lop is my point.

cool

[keepmwlknfny]

It's not any answer lol I know how to do research .. Not a lop is my point.

Short answer for you......when Saddam was in control, exchange rate was in the pooper because he overprinted the dinar and spent the reserves. We invaded, added cash to their reserves, and printed the new dinar and the exchange rate almost immediately went up. (Because they now had some reserves backing its value)  Inflation was high as hell in those early years....it would have done them no good to redenominate with extremely high inflation...they would have to do it again....so point is, you cant call anything yet.....

[IQD1217]

Short answer for you......when Saddam was in control, exchange rate was in the pooper because he overprinted the dinar and spent the reserves. We invaded, added cash to their reserves, and printed the new dinar and the exchange rate almost immediately went up. (Because they now had some reserves backing its value) Inflation was high as hell in those early years....it would have done them no good to redenominate with extremely high inflation...they would have to do it again....so point is, you cant call anything yet.....

Wrong!!!

[sandstorm]

Wrong!!!

surely you would love to emphasize your reasoning.

[keepmwlknfny]

Wrong!!!

Then whats the right answer? All of what i just stated is factual information....look it up......

[sandstorm]

Then whats the right answer? All of what i just stated is factual information....look it up......

information is two clicks away. I guess people think we just make it all up as we go.

[MyLadiesDaddy]

..but i choose not to engage with pre-set mindsets

Read more: http://dinarvets.com/forums/index.php?/topic/154636-the-current-currency-not-worthy-in-iraq-and-the-deletion-of-zeros-raise-the-value-of-banknote-not-currency-is-an-urgent-need/page-7#ixzz2ZWhsq5Lw

 

 

And your here WHY? 

[dinar_stud]

just watch a sunday talk show in usa .. same thing .. one side is lying all the time guess which side

 

I guess its the GOP, teaparty, democrat side that lies.

Edited July 19, 2013 by dinar_stud

[ALBUNDY]

Member parliamentary Finance: the increase in central bank sales of the dollar does not affect its cash reserves


 

 

19-07-2013
 
 

 

Ruled out a member of the Finance Committee for the National Alliance MP Amin Hadi Abbas, influenced by the increase in sales of the Central Bank of the dollar in the auction on the monetary reserves of hard currency, stressing that the bank has NO FIXED ROOF of the SALE, but sells according to the actual need of the market.
 

 

Abbas said (of the Agency news): The POLICY of the IRAQI CENTRAL BANK to SELL FOREIGN CURRENCY to NOT have a FIXED ROOF of DAILY SALES, but according to the needs of the market both from the merchants Aoualemredy Aoualemsavrin to the dollar.
 

 

He added: civil most banks to take over a large proportion of the sales of the bank, and this is due not to accommodate the new policy adopted by the central bank about buying and selling, noting that the central bank is not responsible for it.
 

 

And: The Ministry of Finance which is supposed to open branches of government banks in all towns and villages in various governorates in order to deliver the dollar to all citizens, and in order not to get the monopoly of foreign currency to hand without the other.
 

 

The Central Bank of Iraq announced an increase in sales of hard currency in its daily auction during the past few days.
 

 

 

 

THE LINK : http://www.sotaliraq.com/mobile-news.php?id=108811#axzz2ZZ4yKuH2

[ALBUNDY]

And saw Antoine, "The other point is minimized (dollarization) because when you DELETE the ZEROS will RAISE the VALUE of the BANKNOTE, NOT CURRENCY

 

 

Deletion of zeros (RV/RD/LOP) will raise the value of dinar/banknote, BUT the currency WILL STILL BE CONSIDERED  WORTHLESS if people are not using them. 

 

This is a call for Iraq to stop using dollar and start using dinar. Minimized dollarization.

 

 

Now the only question is WHEN they will begin using the dinar. May be The CBI/GOI is supposed to give the official annoucement for Iraqi citizens to stop using the dollar by exchanging dollar for current dinar in a LIMITED TIME ( may be 3-6 MONTHS ).