boomer113189 Posted December 21, 2013 Report Share Posted December 21, 2013 12 - 21 - 2013 The parliamentary Finance Committee, attributed the Saturday, due to delayed delete zeros to hard currency control and individual decision-making, with a roughly 35 trillion dinar traded on markets, stressed the importance of the project to delete the zeros of the Iraqi institutions and citizens.The Chairman of the Committee, said Haider Al-Ebadi in an interview for "alsumaria news", that "the Government has no confidence on the ability of the Central Bank on the currency at this time without problems", stating that "there is a fear of lack of control over currency damaged while deleting zeros."Al-Ibadi said that "bad currency could go out again and replaced by the new currency during the switch so it will print its free cash becomes more of a reality," he said, adding that "the supposed Central Bank currency damage divided as soon as they are received from the banks."Abbadi stressed that "the process of replacing the currency in large monetary market is difficult, although the Bank had presented a plan to replace them for two years," pointing out that "the amount of cash in the market and are traded currently at 34 to 35 trillion dinars".He concluded that "the individual decisions taken by the Central Bank out of the Government and Parliament on the switch and delete the zeros were another reason for postponing the deletion of zeros so that any problems that might occur while delete zeros and the changeover, the entire economy suffers," absent any deletion of zeros from the currency and replacement at this time with the next parliamentary elections. "Abbadi stressed the importance of "delete the zeros of the Iraqi institutions and citizens of some deputies and accountants who make mistakes in the numbers because the zeros that are sometimes severe," delete the zeros of the positive things to simplify accounts and trading among the people, adding that the new currency might evolve more in print and is difficult to falsify.He is a member of the parliamentary Economic Committee, h Wayne almerapi (September 23, 2012), the flop in monetary policy made the country lose eight million dollars per year, while warning that the deletion of zeros will make it easier for mafia money laundering stolen billions without feeling State, invited to study its impact on the overall situation.The Central Bank, accused (12 September 2011), the Government of blocking the monetary reform and vowed to prosecute, blaming them for endangering the country's financial interests.The Prime Minister's Advisor for Economic Affairs Abdul Hussain anbaki, on (25 August 2011), to lift the zeroes from the currency is the biggest corruption in Iraq if during this period, under the name of tampering, warning of "mafia" is preparing to falsify trillion Iraqi dinars to replace the light changes.Some economists believe that Iraq is now prepared to delete the zeros of the Iraqi dinar, stating that deletion requires political and security stability as well as the stability of the economy. from the Iraqi dinar, pointing out that the deletion needs to stabilize the security and political stability as well as the economy. http://goo.gl/ArRtbk Link to comment Share on other sites More sharing options...
fib1618 Posted December 21, 2013 Report Share Posted December 21, 2013 For all the clowns out there that say if they were going to lop they would have done it already... "deletion requires political and security stability as well as the stability of the economy." I think I just heard another car bomb go off. 1 Link to comment Share on other sites More sharing options...
boomer113189 Posted December 21, 2013 Author Report Share Posted December 21, 2013 For all the clowns out there that say if they were going to lop they would have done it already... "deletion requires political and security stability as well as the stability of the economy." I think I just heard another car bomb go off. yeah i know they all say it should have been done by now if they were gonna do it., lol Link to comment Share on other sites More sharing options...
fib1618 Posted December 21, 2013 Report Share Posted December 21, 2013 yeah i know they all say it should have been done by now if they were gonna do it., lol Yup. I think I just heard ANOTHER bomb. Go rv! 1 Link to comment Share on other sites More sharing options...
dontlop Posted December 21, 2013 Report Share Posted December 21, 2013 What do you clowns set your alarm clock to come here and dis people? First of all Lol 1 Link to comment Share on other sites More sharing options...
boomer113189 Posted December 21, 2013 Author Report Share Posted December 21, 2013 dontlop who are we dissing this is in the news and people like you agree if they were to rd why haven't they done it yet. well it says right at the bottom which me and other have told constintly but you and other dont buy it even though it right in front of ur face Link to comment Share on other sites More sharing options...
sandfly Posted December 21, 2013 Report Share Posted December 21, 2013 THIS IS SMOKE, THE OTHER DAY, THEY SAID THEY HAD ONE BILLION OUT 2 Link to comment Share on other sites More sharing options...
boomer113189 Posted December 21, 2013 Author Report Share Posted December 21, 2013 pointing out that "the amount of cash in the market and are traded currently at 34 to 35 trillion dinars Link to comment Share on other sites More sharing options...
dontlop Posted December 21, 2013 Report Share Posted December 21, 2013 I don't think the deletion of zeros will be done alone I think they will be adding in at least what they said they had in excess reserves to the value at the same time They said earlier this year they had enough funds to cover the dinar 2 and a half times over So if they didn't gain any more funds since they may delete three zeros and have a 1000 to one exchange but they could possibly add that 2 and a half times excess funds to the value and thAt would be a $2.50 dinar value They could have three times the value by now and may be holding out for more before they make any changes Maybe 4 times in excess reserves and that could be the reason for the delay You surely don't know no one does But then they say they want the dinar to be on par with the dollar So they may delete 3 zeros and have the exchange rate between the new and old dinar be 466 to one exchange rate and have a dinar valued at 1 dollar each If they aRe holding out till they get more excess reserves they could set the exchange rate at 250 to one between old and new dinar But to claim anyone knows what they will do outside the cbi and some of the Iraqi govt is just hogwash First of all Lol Link to comment Share on other sites More sharing options...
boomer113189 Posted December 21, 2013 Author Report Share Posted December 21, 2013 THIS IS SMOKE, THE OTHER DAY, THEY SAID THEY HAD ONE BILLION OUT i have never seen an article that said iraq only had 1 billion dinars in circulation Link to comment Share on other sites More sharing options...
fib1618 Posted December 21, 2013 Report Share Posted December 21, 2013 What do you clowns set your alarm clock to come here and dis people? First of all Lol The BH Group reindictment article woke me up. 1 Link to comment Share on other sites More sharing options...
boomer113189 Posted December 21, 2013 Author Report Share Posted December 21, 2013 I don't think the deletion of zeros will be done alone I think they will be adding in at least what they said they had in excess reserves to the value at the same time They said earlier this year they had enough funds to cover the dinar 2 and a half times over So if they didn't gain any more funds since they may delete three zeros and have a 1000 to one exchange but they could possibly add that 2 and a half times excess funds to the value and thAt would be a $2.50 dinar value They could have three times the value by now and may be holding out for more before they make any changes Maybe 4 times in excess reserves and that could be the reason for the delay You surely don't know no one does But then they say they want the dinar to be on par with the dollar So they may delete 3 zeros and have the exchange rate between the new and old dinar be 466 to one exchange rate and have a dinar valued at 1 dollar each If they aRe holding out till they get more excess reserves they could set the exchange rate at 250 to one between old and new dinar But to claim anyone knows what they will do outside the cbi and some of the Iraqi govt is just hogwash First of all Lol why dont they just rd then use that so called 2 times resrve to push the dinar to 3 dollars right after the rd it would be better for them then why dont they just rd then use that so called 2 times resrve to push the dinar to 3 dollars right after the rd it would be better for them then that would be dumb to change the exchange rate of the dinar to 500 dinar per dollar then rd, i would rd first then use that afterwords for back up remember iraq wants to DEdollarize and reduce the money supply and they can do both just be Redenominating there currency Link to comment Share on other sites More sharing options...
fib1618 Posted December 21, 2013 Report Share Posted December 21, 2013 THIS IS SMOKE, THE OTHER DAY, THEY SAID THEY HAD ONE BILLION OUT A lop will take them from 4 billion NOTES to 1 billion NOTES. That's what they were talking about. 1 Link to comment Share on other sites More sharing options...
boomer113189 Posted December 21, 2013 Author Report Share Posted December 21, 2013 I don't think the deletion of zeros will be done alone I think they will be adding in at least what they said they had in excess reserves to the value at the same time They said earlier this year they had enough funds to cover the dinar 2 and a half times over So if they didn't gain any more funds since they may delete three zeros and have a 1000 to one exchange but they could possibly add that 2 and a half times excess funds to the value and thAt would be a $2.50 dinar value They could have three times the value by now and may be holding out for more before they make any changes Maybe 4 times in excess reserves and that could be the reason for the delay You surely don't know no one does But then they say they want the dinar to be on par with the dollar So they may delete 3 zeros and have the exchange rate between the new and old dinar be 466 to one exchange rate and have a dinar valued at 1 dollar each If they aRe holding out till they get more excess reserves they could set the exchange rate at 250 to one between old and new dinar But to claim anyone knows what they will do outside the cbi and some of the Iraqi govt is just hogwash First of all Lol go look back at my artciles about currencys that deleted 3 zeros they all traded at 1000 old to 1 new . why would iraq go to 250 dinar per dollar ? then waste it just to RD later on Iraq tops the “most corrupt” in the world for the tenth consecutive year Link to comment Share on other sites More sharing options...
fib1618 Posted December 21, 2013 Report Share Posted December 21, 2013 I don't think the deletion of zeros will be done alone I think they will be adding in at least what they said they had in excess reserves to the value at the same time They said earlier this year they had enough funds to cover the dinar 2 and a half times over So if they didn't gain any more funds since they may delete three zeros and have a 1000 to one exchange but they could possibly add that 2 and a half times excess funds to the value and thAt would be a $2.50 dinar value They could have three times the value by now and may be holding out for more before they make any changes Maybe 4 times in excess reserves and that could be the reason for the delay You surely don't know no one does But then they say they want the dinar to be on par with the dollar So they may delete 3 zeros and have the exchange rate between the new and old dinar be 466 to one exchange rate and have a dinar valued at 1 dollar each If they aRe holding out till they get more excess reserves they could set the exchange rate at 250 to one between old and new dinar But to claim anyone knows what they will do outside the cbi and some of the Iraqi govt is just hogwash First of all Lol I stopped reading at "I don't think"... 1 1 Link to comment Share on other sites More sharing options...
caz1104 Posted December 21, 2013 Report Share Posted December 21, 2013 (edited) Yeah LOPsers don't dis folks, calling them "clowns" is a term of endearment. Just like when I think of LOPsters as AS*WIPES I mean it in the best possible way. Classy as always Edited December 21, 2013 by caz1104 1 Link to comment Share on other sites More sharing options...
dontlop Posted December 21, 2013 Report Share Posted December 21, 2013 A hundred billion dinar m2 valued at 4 dollars for each dinar would set them on par with the neighboring country's that have between 10 and 12 thousand dollars worth of currency in their m2 per capita Iraq has 30 million population so to be on par with Libya or Saudi Arabia Iraq would need between 300 and 360 billion dollars worth currency in their m2 Our existing dinar after deletion of zeros would be worth between 3 dollars and $3.60 each But Iraq said they have the most powerful currency over there so maybe they would like to return to their 4 dollar plus dinar and they won't do anything till they can achieve those excess reserve levels It doesn't take as long to make money in Iraq today as it did last year or the year before The more infrastructure they add the more annual revenues are created Next year they will be setting even higher records than they are today In a couple years they will be selling 6 million barrels a day instead of 3 that means even more money to expand with The possibilities grow more and more each day they add more Soon the Jordan pipeline will be complete Soon they will be pumping more oil through turkey Once all those pipelines are finished You watch a war break out with Iran They need to be able to get oil out in other ways besides the person gulf before the Iran war And when the war starts watch oil prices hit $250.00 a bArrel Then watch Iraqs revenues grow through those pipelines with 250 to 500 dollars a barrel oil for a couple years 1 Link to comment Share on other sites More sharing options...
boomer113189 Posted December 21, 2013 Author Report Share Posted December 21, 2013 caz1104 is just mad because he thought he was going to be a millionaire after the dinars massive RV Link to comment Share on other sites More sharing options...
fib1618 Posted December 21, 2013 Report Share Posted December 21, 2013 i have never seen an article that said iraq only had 1 billion dinars in circulation If these guys would start using their brains for once.... Geez. All they have to do is multiply 1 billion x .00086 That's $860,000 worth of dinar There's probably that much for sale on eBay right now. Lmao 1 Link to comment Share on other sites More sharing options...
boomer113189 Posted December 21, 2013 Author Report Share Posted December 21, 2013 Currencies with extremely low values are often redenominatedIt is quite common for countries with currencies that have very low values compared to other currencies to redenominate their existing hard currency and issue new currency with new values. For example, the Venezuelans, another oil economy, redenominated the bolivar (trading at 2,150 to the USD) in 2008 and allowed currency owners to exchange 1,000 of them for 1 new bolivar. Link to comment Share on other sites More sharing options...
dontlop Posted December 21, 2013 Report Share Posted December 21, 2013 I stopped reading at "I don't think"... My posts here are really not for you fib I just want everyone to hear both sides You lopsters are only giving your opinions which are not conclusive and very misleading 1 Link to comment Share on other sites More sharing options...
fib1618 Posted December 21, 2013 Report Share Posted December 21, 2013 Yeah LOPsers don't dis folks, calling them "clowns" is a term of endearment. Just like when I think of LOPsters as AS*WIPES I mean it in the best possible way. Classy as always Hello mr. Damage control. 1 1 Link to comment Share on other sites More sharing options...
dontlop Posted December 21, 2013 Report Share Posted December 21, 2013 I will make sure all the readers hear the opposit of your views Isn't that what you do to everyone else? Link to comment Share on other sites More sharing options...
fib1618 Posted December 21, 2013 Report Share Posted December 21, 2013 I will make sure all the readers hear the opposit of your views Isn't that what you do to everyone else? I'm just making sure they hear the truth. Sorry if that bothers you. Lmao 1 3 Link to comment Share on other sites More sharing options...
dontlop Posted December 21, 2013 Report Share Posted December 21, 2013 Ya your facts like the exchange rate for the Kuwait dinar never changed during the Iraqi invasion Some facts you have Link to comment Share on other sites More sharing options...
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