Deletion of zeros: the will of the state unit condition

[TBomb]

"While another said some need to be patient, noting that it would disrupt the state budget and embarrass the government"

 

I think this comment's interesting. If it's a LOP why would it embarrass the govt? As this sentence implies an opinion that there is not enough to support a revaluation or change in rate.

 

Thanks DC, very interesting article.

Edited July 19, 2013 by TBomb

[waterman13]

Calm down people, this Raed Fahmi is a reporter, as far as I can find, this is an opinion piece, and I don't think he actually has a clue of what the CBI is going to do.

JMO

WM13

Edited July 19, 2013 by waterman13

[zigmeister]

Actually, he is a pretty smart guy and well educated.  Here is what I found out about him; Dr. Raed Fahmy Jahid (also Ra'd, Ra'id), known as Abu Rawa, (b. 1950) is an Iraqi politician and the Minister of Science and Technology in the present government of Iraq of Nouri al-Maliki.

He is of Sunni Arab origin and his family is from Mosul although he was born in Baghdad. His father was the ambassador to France in the 1950s. He has spent most of his life in exile. He is a graduate of the London School of Economics, Queen Mary, University of London and the Paris Sorbonne University and has worked as a researcher for the OECD.^[1] He went on to lecture in various universities in France and was the Iraqi Communist Party's representative in France. He edited the Al-Thaqafah al-Jadidah magazine.^[2]

Abu Rawa is a member of the ICP Politbura. The ICP contested the Iraqi legislative election of December 2005 as part of the Iraqi National List coalition, and in May 2006 he was appointed Minister of Science and Technology in al-Maliki's government of national unity.

In August 2007 he was appointed head of the Commission on the Normalisation of the Status of Kirkuk.^[3]

 

It is probably why we can actually read and understand what he wrote.

 

http://en.wikipedia.org/wiki/Raed_Fahmy_Jahid

"While another said some need to be patient, noting that it would disrupt the state budget and embarrass the government"

 

I think this comment's interesting. If it's a LOP why would it embarrass the govt? As this sentence implies an opinion that there is not enough to support a revaluation or change in rate.

 

Thanks DC, very interesting article.

That statement sparked my curiosity as well.  Why would the government be embarrassed?  Because of potential failure?  The people would see it as failure?

[Laid Back]

Think about it.

Do you see a bright future for Iraq with a LOP or RD?

Do you see an improvement in the purchasing power with a LOP or RD?

LOP or RD is a neutral event.

Just my humble opinion.

Go RV, Go strong $1.16

[TBomb]

Also, think why has Iraq spent so much money, training, papers on the research and application of this process?  This is one person's opinion. The demonstrations started because of the low value of the currency, if you go back six months, within the articles you'll see a lot of talk about how angry the people were over the low value of the currency.  I wouldn't take this to heart.

[SocalDinar]

Bam. clear as day. i couldnt explain in better in english. what there saying is not even debatable. what they do...still debatable

because they are replacing and demonitizing the entire 80+ trillion..in current dinar......then putting out a seperate currency approx. 80+ billion.

once they qre done and reach the end of the specified timeframe. 80trillion is retired and gone. and only the new currency bloc of 80 billion exist

He just confirmed deleting three zeroes is a rd/lop. What will they do.....who knows. hopefully not delete three zeroes

80 Trillion.?   If you believe that Sandstorm there would be no reason to hold dinar.

CBI says it can back its currency by 250% That would mean they have just 172 billion USDsin reserves.

 

Just does not add up.  

I agree....this is probably the clearest article from Iraq regarding their plans. This article is talking LOP...no question about it for me. Again folks.... there are two other things but could still play our favor though. One, they have the worst track record ever of actually doing what they say they're going to do. Their plans are ever, ever changing. Two, they would never print their plans to RV. That would be a surprise. Let's see what happens with the ISO codes before we flood EBay with Dinar.

By the way....anyone know who the guy is who wrote the article? Does he work at the CBI? Thanks!

And Shabibis phase 2 called for two years of informing the public.

[waterman13]

Thanks Zig, didn't get the last name Jahid. But, that also proves a point if this is the guy, (Iraq's Communist Party representative in France), magazine editor, Trained in economics in UK, a researcher for the OECD and now is minister (politician) of science and technology? Puppet for the puppet masters in my opinion. JMO

My favorite saying, (liberal progressive communist) "educated idiot"

WM13

Edited July 19, 2013 by waterman13

[MyLadiesDaddy]

To me this the clearest article we've seen describing what the event consists of. He even starts the last paragraph sspeaking of clarity in what it will do and what it won't.

 

 

I agree....this is probably the clearest article from Iraq regarding their plans. This article is talking LOP...no question about it for me. Again folks.... there are two other things but could still play our favor though. One, they have the worst track record ever of actually doing what they say they're going to do. Their plans are ever, ever changing. Two, they would never print their plans to RV. That would be a surprise. Let's see what happens with the ISO codes before we flood EBay with Dinar.

By the way....anyone know who the guy is who wrote the article? Does he work at the CBI? Thanks!

 

More likely this clearly shows two different types of mindsets here.

 

Some see the glass as halve full, while others see it as halve empty. 

 

What is NOT shown here is, Iraq's PLANS. Just like in this article 

 

Parliamentary calls to speed up the "reset" currency specialist believes that the current time is not suitable

Read more: http://dinarvets.com/forums/index.php?/topic/154740-parliamentary-calls-to-speed-up-the-reset-currency-specialist-believes-that-the-current-time-is-not-suitable/#ixzz2ZWjYlNH3

 

Neither of these articles show what Iraq is, PLANING TO DO, only what some peoples 

 

opinions are. 

[keepmwlknfny]

Think about it.Do you see a bright future for Iraq with a LOP or RD?Do you see an improvement in the purchasing power with a LOP or RD?LOP or RD is a neutral event.Just my humble opinion.Go RV, Go strong $1.16

Quite frankly yes.....its a rest of the dinar.....it woukd put the new dinar on par with the USD.....so they effectively get rid of the excessive money supply and get a stronger dinar......sounds like it would be a good first step.....

[zigmeister]

More likely this clearly shows two different types of mindsets here.

 

Some see the glass as halve full, while others see it as halve empty. 

 

What is NOT shown here is, Iraq's PLANS. Just like in this article 

 

Parliamentary calls to speed up the "reset" currency specialist believes that the current time is not suitable

Read more: http://dinarvets.com/forums/index.php?/topic/154740-parliamentary-calls-to-speed-up-the-reset-currency-specialist-believes-that-the-current-time-is-not-suitable/#ixzz2ZWjYlNH3

 

Neither of these articles show what Iraq is, PLANING TO DO, only what some peoples 

 

opinions are. 

Exactly.  Just showing the push and pull.  Whats more they do not clue is on what the CBI plans to do.  Why? Because they just don't know.

[sandstorm]

This article states clearly their steps on an RD, and why it did not get out of the CBI doors to today.  It does not give us any clue as to where the CBI is, it does allude to those in the government who are for the CBI to finish what little there is to do, and for those who do not think the time is now.   Thats it.  Nothing to freak out about.  CBI policy has not changed as of yet.

This article states clearly their steps on an RD, and why it did not get out of the CBI doors to today.  It does not give us any clue as to where the CBI is, it does allude to those in the government who are for the CBI to finish what little there is to do, and for those who do not think the time is now.   Thats it.  Nothing to freak out about.  CBI policy has not changed as of yet.

yet it clearly specifies what deleting of three zeroes has meant throughtout the campaign.

does it mean they will do it? No. but its definitely in their radar

[staunch]

Quite frankly yes.....its a rest of the dinar.....it woukd put the new dinar on par with the USD.....so they effectively get rid of the excessive money supply and get a stronger dinar......sounds like it would be a good first step.....

Still doesn't change the value of the dinar. You have to exchange X000 of dinar to get X amount of new dinar that will buy you the same amount of whatever, unless they increase the value. Might as well just increase the value of existing dinar.

[zigmeister]

While another said some need to be patient, noting that it would disrupt the state budget and embarrass the government, as well as the reality of the political situation with the approach of the House of Representatives election fever and the intensification of competition and conflict between the two blocs.

Actually this is the pull, it would screw up the state budget, I would assume this is 2013 they are speaking of, which somehow would embarrass the government.  I haven't figured out that one.  One thing countries are always reluctant to do is RD during a political year for some very good reasons.   It could be confusing and too much going on as well as the politicians starting their terms in office would be blamed if it failed.

Edited July 19, 2013 by zigmeister

[sandstorm]

Think about it.

Do you see a bright future for Iraq with a LOP or RD?

Do you see an improvement in the purchasing power with a LOP or RD?

LOP or RD is a neutral event.

Just my humble opinion.

Go RV, Go strong $1.16

you have to understand a rv is a liability because of the trillions in units. the rothchilds will be paying speculators millions and billions and trillions. i dont think the rothchilds got rich.....by paying everything out to speculators. thats my opinion...on the global rv crowd.

an exchange rate is set between two countries because of the trade, economic indicators inflation balance of payments against imports and exports. its not some made up number designed to restructure the world and make everybody rich

Iraq is prospering under the current setting. the market rate is the best its been. stability is taking hold. everything theyve done for years is to bring the market rate to equillibrium with the official rate.

we have more natural resources than the entire middle east. why doesnt the us just rv to 50 dollars? Why doesnt the us put out 25,000 notes to be rvd. because macroeconomics does not and can not work that way. the purpose of a currency is not to rv it. period

You can say think about it.......neutral event or pay trillions. if this was your company....what would you do?

[zigmeister]

yet it clearly specifies what deleting of three zeroes has meant throughtout the campaign.

does it mean they will do it? No. but its definitely in their radar

It is in the radar of some in parliament to proceed, yes.  It is not in the radar of others right now.  But where in this article does it speak to where the CBI is today on this subject?  So far I have read not any articles articulating what they, the CBI is thinking, planning or not thinking and not planning.  You see people can talk, have a opinions but they are not the button pushers so to speak.  

[jg1]

Think about it.

Do you see a bright future for Iraq with a LOP or RD?

Do you see an improvement in the purchasing power with a LOP or RD?

LOP or RD is a neutral event.

Just my humble opinion.

Go RV, Go strong $1.16

The problem is, they would do the LOP first, we would have to turn in our currency, then they would increase in value, 

 the option we dont want them to take. 

My question is, years ago, with the sanctions, it looks like to me they did a reverse LOP. They added the zero's on the currency and a new currency was exchanged, then they decreased the value of the currency; a neutral event. Take a look at the cost of goods in Iraq, they with the new currency they were given it basically evens out. 

 

“A Taste of Eating Out in Iraq“.

Here’s what you’ll generally pay for food:

Shawarma (chicken, beef or ‘falafel’) – 800 – 1400 ID per sandwich // without the zero's .80- 1.40

 

Roasted chicken & salad – 7000 – 12,000 ID per plate // without the zero's 7- 12.00

Sweets (cakes, turkish delight, custards, etc.) – 1000 – 2000 ID each // without the zero's 2.00

 

Tea (from tea stalls) – 100 – 300 ID per glass // without the zero's .30 

 

Now they are talking about reversing it back, removing the zero's from the currency, exchanging it for new currency and raising the value up again. Neutral. 

I know this is not what we want but it seems logical. But then throw in corruption into the mix and who knows what could happen. Either they dont want to RV because someone is making alot of money somehow, or RV, or LOP and then add value. 

 

Ok please dont throw me in the tank. Just responding to a statement. I am probably completely wrong. 

Edited July 19, 2013 by jg1

[TQueezy]

Someone who understands large scale revaluations of currency please explain how money is owed in the appreciation of the rate, like who has to pay for it in the end if Iraq revalued the IQD over 100,000%? CBI? US treasury/FED? Rothschilds? It makes no sense. Sorry, my brain is fried from my new job...

[sandstorm]

It is in the radar of some in parliament to proceed, yes.  It is not in the radar of others right now.  But where in this article does it speak to where the CBI is today on this subject?  So far I have read not any articles articulating what they, the CBI is thinking, planning or not thinking and not planning.  You see people can talk, have a opinions but they are not the button pushers so to speak.

absolutely. But this opinion comes from someone within the arena of knowledge and understanding about deleting three zeroes. we all see that he is describing the process clearly of deleting three zeroes. which is on par with what shabbibi has said about deleting three zeroes...the same as saleh. We have seen them give every example of a bunny ear through deleting three zeroesThere has been huge differences inwhat deleting three zeroes, here at dinarvets.

The only reason he is responding......is because the cbi has brought this continually through the media trying to accomplish it. we know the goi has asked for postponement. turki was put in. but still...turki has made not drastic rv or massive changes. so establishing him as a rv man.....could be premature

[Psych]

Making a BIG assumption that both events are equally possible...what benefits Iraq more? RV or LOP? With a LOP, there is no payout and restructuring their currency system seems....easier? Just trying to make sense of all this here....and yet..I cannot still help but feel the currency is very undervalued.

[sandstorm]

weve both been talking about these for years. i know you see what im saying. The cbi could and can rv?? How much? I wont and cant speculate. its really anywhere rigt now. definite options, but what choices and decisions follow? I think its moral to call these deletion of three zeroes for what they fundamentally are. Give people an honest base to work from.

If you want to speculate a deviation from traditional meanings...cool.

[keepmwlknfny]

Still doesn't change the value of the dinar. You have to exchange X000 of dinar to get X amount of new dinar that will buy you the same amount of whatever, unless they increase the value. Might as well just increase the value of existing dinar.

It doesnt change the value of the dinar we hold, but it changes the value of the new dinar......

[coldwarvet]

Regardless of the multiple opinions, the fact remains: the GOI and/or CBI will not, under any circumstances, telegraph their intentions publicly. ALL of the articles, both for and against an RD or an RV, mean nothing. We won't know what their real intentions are until the CBI's currency valuation numbers actually change. Until then, a very wise man once said "opinions are like a******s, everyone has one!" Have a great weekend!

[TBomb]

Ha ha ha ha, So true, Coldwarvet.  Thanks for your post.

[zigmeister]

absolutely. But this opinion comes from someone within the arena of knowledge and understanding about deleting three zeroes. we all see that he is describing the process clearly of deleting three zeroes. which is on par with what shabbibi has said about deleting three zeroes...the same as saleh. We have seen them give every example of a bunny ear through deleting three zeroesThere has been huge differences inwhat deleting three zeroes, here at dinarvets.

The only reason he is responding......is because the cbi has brought this continually through the media trying to accomplish it. we know the goi has asked for postponement. turki was put in. but still...turki has made not drastic rv or massive changes. so establishing him as a rv man.....could be premature

I would agree.  Is Turki an RV man, that I don't know, but we did get a glimmer of one thing, which does not mean an RV, but Turki was quoted to say the dinar inside and outside could be covered 2.5 times right now.  So for me while it does not mean it is an RV, it does say the dinar we hold will be honored.  That is a good thing.  In my way of thinking whether they RD or RV or whatever there would not be a problem to redeem the dinar.  This was often another concern many people had, the fear Iraq would RV in Iraq and what we held outside of Iraq would be deemed worthless.  Perhaps I am looking into this more than I should, but from some of his statements I feel something is afoot.  In the meantime we wait and see.

[staunch]

It doesnt change the value of the dinar we hold, but it changes the value of the new dinar......

Yes, I understand what you are saying but, it doesn't change anything. The 25 dinar note will be just as hard to earn as the 25000 dinar note. Instead of earning 3 mil. Dinar a year, a family will earn 3 thsnd dinar a year. Instead of 130 bln dinar budget, --- 130 mln. budget. It all buys and pays the same, everyone just has fewer dinars in their pocket. Nothing is stronger until they raise the value. Just makes it easier to be an accountant.