In light of the high levels of inflation banker: the deletion of zeros from the currency would not address the economic crisis

[yota691]

In light of the high levels of inflation banker: the deletion of zeros from the currency would not address the economic crisis

Ali Salman - 11.21.2013 AD - 15:48 | Hits: 61

 

 

Said banking expert Samir Nasiri: that the process of deletion of zeros, announced by the Central Bank of Iraq will not deal with the economic crisis that has plagued Iraq, particularly with regard to the standard of living decline and deterioration of services. He added Samir Nasiri that the process of deletion of zeros from the currency "will not address the economic crisis that has plagued Iraq, especially falling standard of living, unemployment and the deterioration of services in all areas. Alnasiri pointed out that the process of deletion of zeros from the currency will lead to" reduce the money supply concept narrow and will be reflected directly the nominal values ​​of salaries, stock and bond prices. He said it had a ten million dinars now has only ten thousand of them, which may lead to reduced consumption, which reflected negatively on the macro-economic situation of the country. However, the deletion of zeros dampens inflation is no longer useful for this deletion, because the Iraqi Central Bank data indicate that the rate of inflation has become only 7%. If the deletion of zeros does not address inflation, it does not contribute to the rise. The central bank announced last September its intention to delete the three zeroes from the currency and replaced during the year 2013, indicating that the process comes to ease inflation, and urged citizens to use its currency, rather than resorting to the U.S. dollar

13/5/131121

 

 

 

[vomer]

Lovely

[eburt]

Here we go again with all the Delete of Zeros articles - I wonder if they will just STOP talking and take action - DO something already....

[sandstorm]

i love it. if you had 10 million, it becomes 10 thousand. not even debatable about what it means

cant flip flap patty wack this one

[Nelg]

"Alnasiri pointed out that the process of deletion of zeros from the currency will lead to" reduce the money supply concept narrow and will be reflected directly the nominal values ​​of salaries, stock and bond prices. He said it had a ten million dinars now has only ten thousand of them, which may lead to reduced consumption, which reflected negatively on the macro-economic situation of the country."

Reads like a removal of the "currency" and not the removal of the numerical zeros on the bills.    

[boosterbglee]

Misinformation, misinterpretation, ministers...............this gets very monotonous!  It's "M's" fault!!  Make up your minds....Iraq!

[zigmeister]

Deletion of zero's in his argument is not needed because inflation is not the issue any longer.

[Yukon Silvermoon]

i love it. if you had 10 million, it becomes 10 thousand. not even debatable about what it means

cant flip flap patty wack this one

There's that "Let's go out there and lose!" mentality again.

[keepmwlknfny]

There's that "Let's go out there and lose!" mentality again.

Sandstorm is just trying to point out that deletion of the zeros is not what we want. There are many still on these boards that have been mislead and have been brainwashed to think that this is the RV we are waiting for.

 

He just like many others dont want to lose.....thats just silly. But some of the vets here do try to combat the gurus nonsense of this being a good thing so will repeatedly point out parts of articles that show its not good for us.

 

Just like the excerpt below.....

 

the process of deletion of zeros, announced by the Central Bank of Iraq will not deal with the economic crisis that has plagued Iraq, particularly with regard to the standard of living decline and deterioration of services. 

 

Now, if this was the RV that all the gurus claim, it surely would change and improve significantly the standard of living and the availability of services to the citizens. A RD being a neutral event, would not....

 

[jcfrag]

In light of the high levels of inflation banker: the deletion of zeros from the currency would not address the economic crisis

Ali Salman - 11.21.2013 AD - 15:48 | Hits: 61

 

 

Said banking expert Samir Nasiri: that the process of deletion of zeros, announced by the Central Bank of Iraq will not deal with the economic crisis that has plagued Iraq, particularly with regard to the standard of living decline and deterioration of services. He added Samir Nasiri that the process of deletion of zeros from the currency "will not address the economic crisis that has plagued Iraq, especially falling standard of living, unemployment and the deterioration of services in all areas. Alnasiri pointed out that the process of deletion of zeros from the currency will lead to" reduce the money supply concept narrow and will be reflected directly the nominal values ​​of salaries, stock and bond prices. He said it had a ten million dinars now has only ten thousand of them, which may lead to reduced consumption, which reflected negatively on the macro-economic situation of the country. However, the deletion of zeros dampens inflation is no longer useful for this deletion, because the Iraqi Central Bank data indicate that the rate of inflation has become only 7%. If the deletion of zeros does not address inflation, it does not contribute to the rise. The central bank announced last September its intention to delete the three zeroes from the currency and replaced during the year 2013, indicating that the process comes to ease inflation, and urged citizens to use its currency, rather than resorting to the U.S. dollar

13/5/131121

If Idiot M had of kept Shabs in place he might have some direction , for a fool without a compass is lost in unknown territory....

And he is obviously lost.

[zigmeister]

Sandstorm is just trying to point out that deletion of the zeros is not what we want. There are many still on these boards that have been mislead and have been brainwashed to think that this is the RV we are waiting for.

 

He just like many others dont want to lose.....thats just silly. But some of the vets here do try to combat the gurus nonsense of this being a good thing so will repeatedly point out parts of articles that show its not good for us.

 

Just like the excerpt below.....

 

the process of deletion of zeros, announced by the Central Bank of Iraq will not deal with the economic crisis that has plagued Iraq, particularly with regard to the standard of living decline and deterioration of services. 

 

Now, if this was the RV that all the gurus claim, it surely would change and improve significantly the standard of living and the availability of services to the citizens. A RD being a neutral event, would not....

 

Most definitely they are speaking of an RD.  And this is their argument, if inflation is the issue or one of the motivations, is not needed to stabilize inflation, because it is stabilized.  He also believes it would have a negative micro economic effect on the dinar as well.

[Yukon Silvermoon]

Sandstorm is just trying to point out that deletion of the zeros is not what we want. There are many still on these boards that have been mislead and have been brainwashed to think that this is the RV we are waiting for.

He just like many others dont want to lose.....thats just silly. But some of the vets here do try to combat the gurus nonsense of this being a good thing so will repeatedly point out parts of articles that show its not good for us.

Just like the excerpt below.....

the process of deletion of zeros, announced by the Central Bank of Iraq will not deal with the economic crisis that has plagued Iraq, particularly with regard to the standard of living decline and deterioration of services.

Now, if this was the RV that all the gurus claim, it surely would change and improve significantly the standard of living and the availability of services to the citizens. A RD being a neutral event, would not....

It's actually not as complicated. He says "I love it." There is nothing wrong with looking at it realistically, and honestly weighing the odds, like you do, but to be happy about making nothing is puzzling to say the least.

[jg1]

"the deletion of zeros from the currency would not address the economic crisis"

 

I wonder how much time and money they put into figuring this out! Frickin brilliant.

[zigmeister]

Well I am all for the argument against deleting the dinars RD style!

[Maggie123]

Well I am all for the argument against deleting the dinars RD style!

 

Now there ^^^^^^ is the bright side of all this!

 

I just love that about you Ziggie.

 

You always bring us over to the sunny side of this err... ummm... adventure we are on.

[AmericaInc]

i love it. if you had 10 million, it becomes 10 thousand. not even debatable about what it means

cant flip flap patty wack this one

You don't get it, do you.

We take this as smoke - as China did when it said it would not RV in a big newspaper ad, and then did.

Governments lie all the time. 

 

Lopster Pot anyone?

[keepmwlknfny]

You don't get it, do you.

We take this as smoke - as China did when it said it would not RV in a big newspaper ad, and then did.

Governments lie all the time. 

 

Lopster Pot anyone?

You do not speak for everyone. Because TONS of people do not think this is just smoke, but rather that this IS the big RV we have been waiting for....big difference.

 

You might think the CBI is lying in what they are saying they are gonna do which is cool.....no problem. The issue is the ones who believe the gurus in what deleting the zeros is!  = )

[dontlop]

Shabs said it best when asked about revaluation of the dinar

He said if they were he couldn't tell any one

And they would need govt cooperation and propagan......

I've seen plenty of propaganda

They would need zero propaganda for a rd lop

Yet we hear endless propaganda every day about deleting zeros and not deleting zeros and deleting zeros and not deleting zeros shall I continue with the deleting zeros and not deleting zeros or do ya get it

Yes

No

Yes

No

Yes

No

Noyesno

[FlintNPebbles]

Seems when they want to take the focus off what is going on (or maybe not going on)...that is when they recycle the Delete the zeros and don't delete the zero's articles.  I just hope they complete whatever study they need to complete so they can do something

[dontlop]

i love it. if you had 10 million, it becomes 10 thousand. not even debatable about what it meanscant flip flap patty wack this one

I guess we won't be hearing from you any more your convinced its a lop

So see ya

Or maybe you can hang around the lopster tank with the rest of those with no life

Hanging around an investment opertunity you don't believe in

Your a lopster all the way dude

You don't hold back at all you and your lop strategy are surely welcome in the lop tank

[caz1104]

" interpretations " are like ...holes everyone has one ...............or something like that.

[dontlop]

Just check in to the tank and tell them your convinced Sand lopper

Edited November 22, 2013 by dontlop

[keepmwlknfny]

I guess we won't be hearing from you any more your convinced its a lopSo see yaOr maybe you can hang around the lopster tank with the rest of those with no lifeHanging around an investment opertunity you don't believe inYour a lopster all the way dudeYou don't hold back at all you and your lop strategy are surely welcome in the lop tank

Reading and comprehension skills seem to be of short lately....

[zigmeister]

Now there ^^^^^^ is the bright side of all this!

 

I just love that about you Ziggie.

 

You always bring us over to the sunny side of this err... ummm... adventure we are on.

Well ya!  We have enough Debbie Downers as is......Thanks Maggie.....!

[justchecking123]

Now there ^^^^^^ is the bright side of all this!

 

I just love that about you Ziggie.

 

You always bring us over to the sunny side of this err... ummm... adventure we are on.

As do you!