Delete Three Zeros = Redenomination

[boomer113189]

If you need to know what deleting of the three zeros means look no more i have it all right here.

http://goo.gl/0cgfpl

http://goo.gl/IotREJ

if you go to each link you will see what all the exchange rate from old to new is 1000 to 1 new     looks familiar  ?      Iraqi Dinar    http://goo.gl/d9CeSH

 
Venezuela - http://goo.gl/bhNxtF

Indonesia - http://goo.gl/RFyUFb

Mexican peso - http://goo.gl/PzwPlf

bulgaria lev - http://goo.gl/MdyD8V

Russian ruble - http://goo.gl/8N1tva

Israel shekels - http://goo.gl/oNsF16

Paraguay guarani - http://goo.gl/AvsKKg

Brazil Real - http://goo.gl/Tsi2ur

Colombia peso - http://goo.gl/X59Q6I

Zambia - http://goo.gl/2SHK52

Afghanistan - http://goo.gl/m8kXn4

 

these are just some


Mahma Khalil Member of the Iraqi Parliament and official spokesperson of the Economic Committee says an agreement has been reached about the mechanisms of introducing the new banknotes after a series of meetings and discussions with the CBI Governor Dr. Sinan Al Shibibi.

He added the exchange rate between the new banknotes and the old ones would be 1:1,000

 

yes Dr. Sinan Al Shibibi  is not the gov of the cbi anymore but Abdul Basit Turki Saeed is

 

his take on the dinar is to Redenominate aka delete three zeros on  the iraqi currency            link here http://goo.gl/qjYUCx

 

 

Governor of the Central Bank Abdul Basit Turki Saeed said the deletion of zeros is a necessary and useful step to restructure the currency and the economy," noting that "the relevant committees in parliament, called for the need to wait in the project, in order to provide the right conditions and time.



2010 Document - Special Inspector General for Iraq Reconstruction to The United States Congress

 

 

Dinar Redenomination

The CBI has announced that it intends to implement a long-planned Redenomination of the Iraqi dinar by eliminating three zeros from the nominal value of banknotes.This process is meant to ease commercial
transactions by reducing errors and confusion that hyper-inflated currencies often cause. Now that Iraq’s inflation rate has achieved a level of stability, the move could serve to bolster confidence in the
country’s currency.


 

 

[bigwave]

"the Iraqi government announced that, beginning in 2013, they will begin removing three zeros from Iraqi banknotes."

"The CBI will completely withdraw the old banknotes by September 2013." 

 

The first two have not happened like the articles describe. If the next part is true = we are all wasting our time here.

 

 

"In the longer term, Saleh said a redenomination was needed wherein three zeros will be dropped so that the 25,000-dinar banknote -- currently the largest denomination -- becomes a 25-dinar note."

 

Here's to hoping it is smoke and mirrors.

 

Peace

 

Come on RV

[boomer113189]

"the Iraqi government announced that, beginning in 2013, they will begin removing three zeros from Iraqi banknotes."

"The CBI will completely withdraw the old banknotes by September 2013." 

 

The first two have not happened like the articles describe. If the next part is true = we are all wasting our time here.

 

 

"In the longer term, Saleh said a redenomination was needed wherein three zeros will be dropped so that the 25,000-dinar banknote -- currently the largest denomination -- becomes a 25-dinar note."

 

Here's to hoping it is smoke and mirrors.

 

Peace

 

Come on RV

yes they keep pushing back Redenomination because the timing is not right just as they stated tons of times

[quadkidd1]

Hay Boomer,

Thanks for setting us straight ..........for about the millionth time. Guess you can log off here for good now huh? 

[boomer113189]

i will keep posting as long as people dont know what deletion of zeros means or is.   and if you have been on any dinar forums you know that will never end so i am here to tell the truth what it looks like when currency delete zeros from there currencys

[dinarbeleiver]

Iraqi is a novel situation which will have a novel solution

The Iraqi dinar is grossley undervalued and is artificially being held down

[blueskyline]

Which one of those currencies is Iraqi Dinar ? I see three people invested in this . Ones that research and speculate that there will be a profit from this investment . Ones that don't believe there will be a profit from this investment . Ones that don't believe certain people deserve to receive a profit from this investment . Should you believe others don't deserve to profit ? Wish those other people  an eternity in Hell . Should you be one of these people that don't feel others are worthy to profit from this . May you spend eternity in Hell .

[keepmwlknfny]

Iraqi is a novel situation which will have a novel solutionThe Iraqi dinar is grossley undervalued and is artificially being held down

Is that what your banker told you? Lol.....

[sandfly]

OK THEN

[dinarbeleiver]

Is that what your banker told you? Lol.....

nope Iraqi TV through a translator

[dinarbeleiver]

Keepem I believe the Iraqi parliament MP's and the financial commitee over you

[dinarbeleiver]

I also believe the international financial experts and economists that have been having meetings in Iraq and their message for the CBI to reevaluate the Iraqi dinar ASAP and to bring them back to the international stage as the Iraqi dinar is grossley undervalued and needs to increase over you keepem, fib, boomer, mr rich, Dinarck ect ect ect. Sorry for the grammar but you get the point

So my advice what boomer is saying is true about other countries however in Iraq when they talk about the deletion of zeros they are talking about the leading zeros off the exchange rate. Guys befriend a person who can speak Arabic and get them to watch Al-iraqiya TV. That's what I have done and that's why I believe it will revalue and the exchange rate will skyrocket

[boomer113189]

I also believe the international financial experts and economists that have been having meetings in Iraq and their message for the CBI to reevaluate the Iraqi dinar ASAP and to bring them back to the international stage as the Iraqi dinar is grossley undervalued and needs to increase over you keepem, fib, boomer, mr rich, Dinarck ect ect ect. Sorry for the grammar but you get the point

like this  http://goo.gl/tsLH1F

 

economic experts say that the process of lifting the zeros of the Iraqi currency would increase confidence in the currency strengthen demand and to improve the situation of Iraqi dinar which raises the market value

Read above  on the first post   -  eliminating three zeros from the nominal value of banknotes

Edited November 29, 2013 by boomer113189

[dinarbeleiver]

like this http://goo.gl/tsLH1F economic experts say that the process of lifting the zeros of the Iraqi currency would increase confidence in the currency strengthen demand and to improve the situation of Iraqi dinar which raises the market value

thats what the articles that have been translated using google translate will produce. Watch Iraqi TV with someone who can speak Arabic and you MR boomer will come to the good side of the force

I'm at work but I will throw a few quotes back at you later from a translation of Iraqi TV with dates so you can verify it once you got your own Iraqi friend who can translate on your behalf

Edited November 29, 2013 by dinarbeleiver

[boomer113189]

same thing

already have friends that speak Arabic

[dinarbeleiver]

same thing

Mr Boomer can you tell me how many of those countries that you quoted had what would be called 'A Grossly undervalued currency which should have far more purshasing power to buy more goods'

same thingalready have friends that speak Arabic

prove it that you have friends that speak arabic I can give you four sides of A4 of last nights news - let's compare Edited November 29, 2013 by dinarbeleiver

[boomer113189]

yes most of those currency that deleted the three zeros all had a very low exchange rate to the dollar just like iraq is now and worse

[dinarbeleiver]

yes most of those currency that deleted the three zeros all had a very low exchange rate to the dollar just like iraq is now and worse

thats not what I asked you - I am talking about the value as in asset value of the currency- those countries lopped because they were not considered grossly undervalued and there was no increase in purchasing power or only a small amount of an increase in purchasing power. I will debate you later MR Boomer you must be saved from the dark side of the force

And here is one for you GO LOP AND NO INCREASE IN PURCHASING POWER

[boomer113189]

thats not what I asked you - I am talking about the value as in asset value of the currency- those countries lopped because they were not considered grossly undervalued and there was no increase in purchasing power or only a small amount of an increase in purchasing power. I will debate you later MR Boomer you must be saved from the dark side of the force

And here is one for you GO LOP AND NO INCREASE IN PURCHASING POWER

zambia - http://goo.gl/xKfutw

Mexican peso  - http://goo.gl/HiB2KW   undervalued

indonesian currency undervalued   http://goo.gl/l0DLWo

Edited November 29, 2013 by boomer113189

[dinarbeleiver]

Those currency might revalue as well I've heard there is a global currency reset of certain currencies

Easyrider posted an interview with Christine lagard at a recent IMF meeting. I bet you lopsters are the biggest holders of Iraqi currency out of us speculators. I will not stop buying Iraqi dinar because I know what I am reading in the research I have done

[boomer113189]

i have an article that says by deleting 3 zeros= lop the dinar will return to its 3 dollar rate

[dinarbeleiver]

I have loads of translations of Iraqi TV that say the currency is grossley undervalued and that the only way for the exchange rate to go is up and that this will enable the Iraqi people to be able to be able to purchase more goods after the reevaluation

I'm sure mr Boomer, keepem, dinarck, fib, mr rich are all paid plants to put people off the dinar. I am an unpaid pro Rv supporter and I will fight tooth and nail to make sure people realise that there is an opportunity with the dinar

[boomer113189]

i see you have no read any currency news articles that have been released because they tell you other wise. they say by Redenominating will increase value of dinar and help it

.

 

Benefits of Redenomination

 

Redenomination facilitates business transactions because it leads to the use of smaller units of money

 

Redenomination leads to greater confidence in the currency.

 

After redenomination, businesses and citizens may be more willing to shift their preference to the local currency rather than to an international currency. Hence, the dropping of zeros restores credibility and confidence in the local currency and enables the government and the central bank to reassert their monetary sovereignty. It also enhances the effectiveness of monetary policy because it enables the local currency to better serve as a “true legal tender”.

 

Redenomination is sometimes used to indicate that era of failed economic policies has come to an end and that the economy is poised to start on a new slate.

 

Redenomination

redenomination: a new unit replaces the old unit with a fixed number of old units being converted to 1 new unit. usually a positive integral power of 10 like 100, 1000 or 1 million

 

the procedure can be referred to as "cutting zeroes".       that means they when they offical declare a RD it will eiather choose 10 , 100 , 1000 old notes in exchange for 1 new dinar and so far there has been articles only saying 1000 old to 1 new

Edited November 29, 2013 by boomer113189

[boomer113189]

Deletion of three zeros from the local currency, as a big project, and it needs enough time to apply. A member of the parliamentary Finance Committee Abdul-Hussein al-Yasiri: lifting of international sanctions on Iraq, put it in front of a chance the restoration of the Iraqi dinar to its strength and power on the global market, including almost worth purchasing the former, which was more than three times the U.S. dollar

[keepmwlknfny]

I have loads of translations of Iraqi TV that say the currency is grossley undervalued and that the only way for the exchange rate to go is up and that this will enable the Iraqi people to be able to be able to purchase more goods after the reevaluationI'm sure mr Boomer, keepem, dinarck, fib, mr rich are all paid plants to put people off the dinar. I am an unpaid pro Rv supporter and I will fight tooth and nail to make sure people realise that there is an opportunity with the dinar

Thats weak......you rely on conspiracy to explain why people understand you can probly lose all your money on this? lol.....