Delete Three Zeros = Redenomination

[dontlop]

http://lcweb2.loc.gov/frd/cs/profiles/Iraq.pdf

[dontlop]

Wonder why the banks did not honor the Kuwait dinar ?

Must be there was no official exchange rate guarenteed by the central bank of kuwait

Bank Doubts Strand Kuwaitis in Europe

August 4, 1990 | Reuters

Swiss banks are refusing to exchange Kuwaiti dinars, leaving hundreds of Kuwaiti vacationers not only unsure whether to return to a homeland now under Iraqi occupation but also short of money. "We aren't accepting dinars

because we don't know where the exchange rate will be established,"

a spokesman for Union Bank of Switzerland said Friday. Kuwaiti sources said hundreds of rich tourists in exclusive Geneva were now in financial straits.

Read more: http://dinarvets.com/forums/index.php?/topic/166627-delete-three-zeros-redenomination/page-13#ixzz2nZxusSgO

ESTABLISHED ?????????

Edited December 15, 2013 by dontlop

[dinarbeleiver]

I tell you dontlop I admire your knowledge of the situation in Kuwait your very good man!!

[dontlop]

They didn't know where the exchange rate would be established

Hmmmmm

I guess living thru it trumps the Monday morning quarterbacks

Its. All just news reports from the time period

If you remember it you know what to look for on the web

It doesn't matter Kuwait exchange rate was established imediatly after the return of the Kuwait govt

Iraq should of done this long ago

This is a different situation

Iraq had lots of debt to settle as well as chapter 7 of the un charter

Iraqs time is near

What ever they do should be coming to a close

The zero cancelation leads me to believe a 1000 to one reduction in their money supply

Hopfully they add value at the same time by backing 30 billion dinar with 100 billion dollars

For a $3.10 dinar giving us some profit here

I don't think that's enough money for Iraq

If ya look at Libyans population and GDP and money supply

Iraq would need 3 times that to get by like Libya gets by

Iraq needs a quarter trillion or equivalent of a one penny rv or 100 to one

It might take a couple more years to get there

[boomer113189]

if they delete any zeros we will make 0 dollars after being in the very high speculative gamble

[dinarbeleiver]

Boomer educate yourself here is dr Bakri paper

I know this is an old article but, still useful in understanding the lifting of the zero's..

Babylon University Study: Proposal to raise zeros from Iraqi dinar

Posted: May 31, 2011 Iraqi Dinar/Politics

Tags: Central Bank of Iraq, Coalition Provisional Authority, Economy of Iraq, Iraq, Iraqi dinar, Jordanian dinar, Purchasing power, United States dollar

0

May 27, 2011

Proposal to raise zeros from Iraqi dinar

A. M. D. Jawad Kadhim al-Bakri

Usually Matqom financial authorities of b (Ministry of Finance) by using the (fiscal policy) in order to maintain the general level of prices, in addition to the use of all productive resources available in the local economy to reach a state of full employment, as well as supporting the march of economic development, and this is done through the use of power financial instruments of fiscal policy b (government spending, and taxes).

The Authority uses financial instruments to address these problems (inflation, recession, unemployment), which is usually self-styled (the gap inflationary and deflationary gap), which might be exposed to the local economy, in addition to their use is targeted to raise the level of growth in the country.

Thus, the fiscal authority has no right to influence money supply and demand as they are the powers of the monetary authority of the Central Bank.

History tells us modern economy that many of the countries of the world (which went through wars large Kaharpin Wars I and II or the collapse of their totalitarian as States of the former socialist camp) has proceeded to one of two things, either you change the national currency or remove a group zeroes them to return to the square of economic stability.

In the U.S. experience in Iraq after the fall of the previous dictatorial regime has the Coalition Provisional Authority to change the currency of the new Iraqi currency, but equal in value, which would not intentionally CPA to raise the purchasing power of the Iraqi currency against the U.S. dollar or other currencies.

This situation led to keep the Iraqi dinar is equivalent to (0.067) U.S. cents, which indicates a significant decrease in the purchasing power of the Iraqi dinar.

If what has lift (three zeros) from the Iraqi dinar, it will lead to increase its value to the (1000) once calculated value Almertbip to the number of zeros that have been filed, any box of cigarettes that were sold (1000) dinars possible purchase after the lifting of the zeroes dinar and one, a thousand dinars and modern can be obtained by the A pack of cigarettes.

In theory and when lifting (three zeros from Iraqi dinar), the purchasing power will rise to the U.S. dollar significantly to become one U.S. dollar equals (JD and a half) just so that the goods imported from abroad, worth before the lifting of the zeroes (1.2 million) Iraqi dinars, equivalent to ( 1000) U.S. dollars, will be worth after the lifting of the three zeroes (1200) Iraqi dinars, equivalent to (1000) dollars as well, and this will Igelb to remember any negative effects on the Iraqi citizen of the theory.

Positives raise zeros from the Iraqi dinar: The process of removing three zeros from Iraqi dinar deliberate, according to a tight monetary policy will lead to the following pros:

1. raise the purchasing power of the Iraqi dinar.

2. revalue the Iraqi dinar against other currencies.

3. increase the confidence of the Iraqi economy to foreign investors.

4. increase the confidence of the Iraqi citizen Bammelth National, which has become comparable to other currencies such as the U.S. dollar and the Jordanian dinar and the Kuwaiti dinar … etc..

Read more: http://dinarvets.com/forums/index.php?/topic/81506-babylon-university-study-proposal-to-raise-zeros-from-iraqi-dinar/#ixzz2na6ZVlBL

Basically 1000 dinars now will buy you one packet of ciggies after they raise the zeros that same 1000 note will buy you 1000 ciggies as the raising of the zeros had increased the value of the dinar by a 1000 times

[boomer113189]

he is giving pros to Redenominating the currency. thats what iraq wants to do

LOPPING ZEROS FROM NATIONAL CURRENCY OF IRAN AND SOME

OTHER COUNTRIES DOCUMENT

  

http://goo.gl/Zf59mQ

Edited December 15, 2013 by boomer113189

[dinarbeleiver]

I think you need to read they are basically going to do this 1166 dinars becomes 1.16 then they will raise that rate. How they get to 1.16 by RV or a gradual float. I watched a program on sky TV about people trading in Iraqi debt why would anyone want to trade in Iraqi debt if there was no money to be made.

[keepmwlknfny]

Boomer educate yourself here is dr Bakri paper

I know this is an old article but, still useful in understanding the lifting of the zero's..

Babylon University Study: Proposal to raise zeros from Iraqi dinar

Posted: May 31, 2011 Iraqi Dinar/Politics

Tags: Central Bank of Iraq, Coalition Provisional Authority, Economy of Iraq, Iraq, Iraqi dinar, Jordanian dinar, Purchasing power, United States dollar

0

May 27, 2011

Proposal to raise zeros from Iraqi dinar

A. M. D. Jawad Kadhim al-Bakri

Usually Matqom financial authorities of b (Ministry of Finance) by using the (fiscal policy) in order to maintain the general level of prices, in addition to the use of all productive resources available in the local economy to reach a state of full employment, as well as supporting the march of economic development, and this is done through the use of power financial instruments of fiscal policy b (government spending, and taxes).

The Authority uses financial instruments to address these problems (inflation, recession, unemployment), which is usually self-styled (the gap inflationary and deflationary gap), which might be exposed to the local economy, in addition to their use is targeted to raise the level of growth in the country.

Thus, the fiscal authority has no right to influence money supply and demand as they are the powers of the monetary authority of the Central Bank.

History tells us modern economy that many of the countries of the world (which went through wars large Kaharpin Wars I and II or the collapse of their totalitarian as States of the former socialist camp) has proceeded to one of two things, either you change the national currency or remove a group zeroes them to return to the square of economic stability.

In the U.S. experience in Iraq after the fall of the previous dictatorial regime has the Coalition Provisional Authority to change the currency of the new Iraqi currency, but equal in value, which would not intentionally CPA to raise the purchasing power of the Iraqi currency against the U.S. dollar or other currencies.

This situation led to keep the Iraqi dinar is equivalent to (0.067) U.S. cents, which indicates a significant decrease in the purchasing power of the Iraqi dinar.

If what has lift (three zeros) from the Iraqi dinar, it will lead to increase its value to the (1000) once calculated value Almertbip to the number of zeros that have been filed, any box of cigarettes that were sold (1000) dinars possible purchase after the lifting of the zeroes dinar and one, a thousand dinars and modern can be obtained by the A pack of cigarettes.

In theory and when lifting (three zeros from Iraqi dinar), the purchasing power will rise to the U.S. dollar significantly to become one U.S. dollar equals (JD and a half) just so that the goods imported from abroad, worth before the lifting of the zeroes (1.2 million) Iraqi dinars, equivalent to ( 1000) U.S. dollars, will be worth after the lifting of the three zeroes (1200) Iraqi dinars, equivalent to (1000) dollars as well, and this will Igelb to remember any negative effects on the Iraqi citizen of the theory.

Positives raise zeros from the Iraqi dinar: The process of removing three zeros from Iraqi dinar deliberate, according to a tight monetary policy will lead to the following pros:

1. raise the purchasing power of the Iraqi dinar.

2. revalue the Iraqi dinar against other currencies.

3. increase the confidence of the Iraqi economy to foreign investors.

4. increase the confidence of the Iraqi citizen Bammelth National, which has become comparable to other currencies such as the U.S. dollar and the Jordanian dinar and the Kuwaiti dinar … etc..

Read more: http://dinarvets.com/forums/index.php?/topic/81506-babylon-university-study-proposal-to-raise-zeros-from-iraqi-dinar/#ixzz2na6ZVlBL

Basically 1000 dinars now will buy you one packet of ciggies after they raise the zeros that same 1000 note will buy you 1000 ciggies as the raising of the zeros had increased the value of the dinar by a 1000 times

You should just stop while ur ahead. You got embarrassed on DD and now ur back here trying to talk more about something you have no clue about? Lol.....give it up

[boomer113189]

lol dontlop this is why i stay here and countinue to educate people about what deleting the zeros means take DB for example . plus hundred of more

[dinarbeleiver]

You should just stop while ur ahead. You got embarrassed on DD and now ur back here trying to talk more about something you have no clue about? Lol.....give it up

I am not embarrassed about a group of hornets waiting to jump on their victim - ok keepem I'm sure your one or a few of their members. I am going to keep posting as much positive stuff ok I have a library of positive stuff about Iraq - I am answering the lopsters but taking my time with it I will continue to post positive stuff about Iraq. I am going to take the original of dr Bakri's report and get it properly translated I will post previous stuff as well. There is plenty of evidence that America planned something big with Iraq so kiss my a@@ keepem walking on women funny!

[boomer113189]

dinarbeleiver i suggest you read up past Redenominations and study them real hard then you will get what that article really means

[keepmwlknfny]

I am not embarrassed about a group of hornets waiting to jump on their victim - ok keepem I'm sure your one or a few of their members. I am going to keep posting as much positive stuff ok I have a library of positive stuff about Iraq - I am answering the lopsters but taking my time with it I will continue to post positive stuff about Iraq. I am going to take the original of dr Bakri's report and get it properly translated I will post previous stuff as well. There is plenty of evidence that America planned something big with Iraq so kiss my a@@ keepem walking on women funny!

They put you in your place. You are misunderstanding so much of the material its comical. Deleting the zeros is not a RV. Please do your homework. You have no excuse for not getting this information understood. Will jst have to chalk it up as ignorance from this point on

[fib1618]

Why Dinarbeliever continues to go over there to DD and absolutely embarrass himself in front of the world is beyond me. I'm finding my own face feeling flushed with embarrassment after reading his scratch. UNfrigginbelievable!!

[dontlop]

In front of the world ?

Lol don't flatter yourself

I I glad he says what he says

I just like to hear both sides of the debate

Go believer

Don't let the nay Sayers stop you

Hammer down on them

They make crap up all the time

Just back them into their corner and watch them squirm and start lying

They don't have a clue what's going to happen in Iraq

That's why they are here

[dinarbeleiver]

They put you in your place. You are misunderstanding so much of the material its comical. Deleting the zeros is not a RV. Please do your homework. You have no excuse for not getting this information understood. Will jst have to chalk it up as ignorance from this point on

says the biggest hypocrite on dinar vets. I own loads of dinar but I troll dinar vets with my theory that the dinar will only lop and anything positive about Iraq I will dismiss or be to blind and ignorant to see. Yeah keep on walking jog on keepem

In front of the world ?Lol don't flatter yourselfI I glad he says what he saysI just like to hear both sides of the debateGo believerDon't let the nay Sayers stop youHammer down on themThey make crap up all the timeJust back them into their corner and watch them squirm and start lyingThey don't have a clue what's going to happen in IraqThat's why they are here

thanks dontlop for the kind words I worked out the lopsters game around a year ago- took me a while but I see them for what they are- Crete misdirection, misinform ect.

[fib1618]

In front of the world ?

Lol don't flatter yourself

I I glad he says what he says

I just like to hear both sides of the debate

Go believer

Don't let the nay Sayers stop you

Hammer down on them

They make crap up all the time

Just back them into their corner and watch them squirm and start lying

They don't have a clue what's going to happen in Iraq

That's why they are here

Andy's the one squirming.

[fib1618]

In front of the world ?

Lol don't flatter yourself

I I glad he says what he says

I just like to hear both sides of the debate

Go believer

Don't let the nay Sayers stop you

Hammer down on them

They make crap up all the time

Just back them into their corner and watch them squirm and start lying

They don't have a clue what's going to happen in Iraq

That's why they are here

I'm going to order 1 million dinar today... Im going to throw away $1070 just to have it on hand for this.....

If by the end of next year the CBI performs a positive "overnight" REVALUATION of the IQD to 499 to 1 or better. I will give you 1 million IQD.

I did the same thing for mr. Believer....For this year and next year.

It will not happen.

Edited December 16, 2013 by fib1618

[fib1618]

.................

Oops... I see caz down below..

Damage control time.

Lol

[caz1104]

Fib/Mr Rich,

 

"I just deal in facts"  LOL LOL!!!!  I can remember a time when you were a "go Rv'er" ...........deal in facts that!  How quickly some seem to want to forget their own past and call other's  out. Oh that's right you're smarter now...............yeah right. Oh that's right you've researched now and know the truth as opposed to before when you researched and knew the truth, What a pathetic troll. You deal only in facts when it fits YOU and your agenda.

[fib1618]

.........

Hey caz...

What did you think of Andy's performance over at DD?

How do you think he represented the GO RV'ers?? Lol

My parents were reading it last night and he had them in tears. I haven't seen them laugh so hard in years.

[fib1618]

Fib/Mr Rich,

"I just deal in facts" LOL LOL!!!! I can remember a time when you were a "go Rv'er" ...........deal in facts that! How quickly some seem to want to forget their own past and call other's out. Oh that's right you're smarter now...............yeah right. Oh that's right you've researched now and know the truth as opposed to before when you researched and knew the truth, What a pathetic troll. You deal only in facts when it fits YOU and your agenda.

Show me an positive overnight rv of more than 20% and in gone.

No dontlop I'm not talking about that person in Kuwait that may have gotten lucky and managed to pick up a few hundred kwd on the black market for pennies from someone in a panic... I'm talking about a calculated adjustment to a country's official exchange rate... An rv.

Did not happen.

Prove me wrong.

Hahahahahahahahahaha!!!!!!

[fib1618]

.............................

This is PART of a response that Brian Simpson made to Andy....

"Stop posting stupid chit day after day, switch your computer off, pick up your passport, travel to Kuwait and ask any Kuwaiti over the age of 40 what happened. The Kuwaiti banks closed and the KWD rate was frozen. Kuwait's peg vs the $ did not "change" or "revalue" at all. Just like when the stock-market temporarily ceases trading, all stock prices get frozen, they don't "fall to zero" as your dishonest confused friends falsely claim. Some people inside Kuwait panicked and paid over the odds *inside Kuwait* just like people in hurricane Katrina were panic-buying bottled water for $10-$20. But the KWD did not "RV" its peg vs the $. At all. And if you had bought £1,000 of KWD in 1989, they'd still be worth exactly the same in 1990 and 1991."

[fib1618]

I wonder if the rv is in the 2014 budget like it was in the 2013,2012,2011,2010,2009 budgets???

Laughing my butt off!

[dinarbeleiver]

Why fib are you printing my real name how dare you was it you that sent me that email