keepmwlknfny Posted March 29, 2014 Author Report Share Posted March 29, 2014 How does the money supply grow when they haven't made a larger denom of currency and have openly stated they have reduced the note count to 4 billion and plan to get it to one billion. Someone's obviously lying about the numbers. Is the lie that the note count is being reduced, or that the amount of currency in circulation is increasing? How can you be sure they havent made a larger denom? As far as the number of notes, your taking the word from a news outlet vs what you can find if you search through the CBIs page of statistics on what they are issuing. It would be like comparing fox news account of something vs the UST. You think a news outlet is gonna know better then the source itself? Heck the news outlets coukd be just reporting whats in country for all we know which coukd possibly be all they are gonna account for.... 1 4 Link to comment Share on other sites More sharing options...
dontlop Posted March 29, 2014 Report Share Posted March 29, 2014 He added that the Iraqi dinar is strong and is covered with large reserves of foreign currency and gold, especially during the recent period the dinar improved significantly against the dollar, making large economic powers like India to maintain Iraqi dinar and deal with it, this is a good economic indicator for the Iraqi dinar. The Indian Minister said that Iraqi and Indian sides they deliberated on enhancing bilateral economic ties, and the possible adoption of local currencies and in two transactions rather than the US dollar. Which means India is talking about exchanging dinar Don't think India doesn't have banks in the usa If India accepts dinar for trade they will accept dinar from us 2 Link to comment Share on other sites More sharing options...
captl1 Posted March 29, 2014 Report Share Posted March 29, 2014 Once the dinar is international it will be exchanged. Link to comment Share on other sites More sharing options...
keepmwlknfny Posted March 30, 2014 Author Report Share Posted March 30, 2014 Once the dinar is international it will be exchanged.[/quote What if its not the dinar you hold that becomes international?] 1 Link to comment Share on other sites More sharing options...
captl1 Posted March 30, 2014 Report Share Posted March 30, 2014 It's still the currency of a country no matter how you spin it. Link to comment Share on other sites More sharing options...
RVPleaseToday Posted March 30, 2014 Report Share Posted March 30, 2014 (edited) Beware the "currency of a country" argument: "The Zimbabwean dollar (sign: $, or Z$ to distinguish it from other dollar-denominated currencies) was the official currency of Zimbabwe from 1980 to 12 April 2009, with three periods of inflation. Although the dollar was considered to be among the highest-valued currency units when it was introduced in 1980 to replace the Rhodesian dollar at par, political turmoil and hyperinflation rapidly eroded the value of the Zimbabwe dollar to become one of the least valued currency units in the world, undergoing three redenominations, with high face value paper denominations, including a $100 trillion banknote (1014). The third redenomination produced the "fourth dollar" (ZWL), which was worth 1 trillion ZWR (third dollar), or 1025 ZWD (first dollar). Despite attempts to control inflation by legislation, and three redenominations (in 2006, 2008 and 2009), use of the Zimbabwean dollar as an official currency was effectively abandoned on 12 April 2009 due to the skyrocketing inflation. According to some sources, a person would starve on just a billion Zimbabwe dollars. This was a result of the Reserve Bank of Zimbabwe legalising use of foreign currencies for transactions in January 2009. Currencies such as the South African rand, Botswana pula, pound sterling, euro, Yuan and the United States dollar are now used for all transactions in Zimbabwe; the policy of the government of Zimbabwe has insisted that any attempts to reintroduce Zimbabwean currency should be considered only if industrial output improves." Edited March 30, 2014 by RVPleaseToday Link to comment Share on other sites More sharing options...
dontlop Posted March 30, 2014 Report Share Posted March 30, 2014 (edited) What if your head falls off and you can see any more? [quote What if its not the dinar you hold that becomes international?] What if you get so fat you can't go anywhere or do any thing except "what if " the world to death like a pestering wood pecker What if you don't change your diaper and put on some pants and act like a man instead of a child? What if you just go away and shutty uppy your head hole with saw dust and Elmer's glue? What if you are annoying ? What if you go blind and a fly is bothering the hell out of you ? What if you don't really have any brains and you just "what if " everything because you can't do your own reasearch ? What if What if What if What if you get handcuffed in a jail cell and someone cuts one that stinks so bad you barf all over yourself and no one comes till the next day and when they do they beat you up with night sticks for making a mess. What if you go to cash your pay check and they only give you 1/2 the money and tell you to leave and say they did give you all the money you lied ? What if we cross that road when we get there ? What if you have a lumpy fart and end up with a bunch of but dumplings in your diaper? As long as were " what if "ing We got lots of things to concider What if you started your thread with "what if " What if you start out with .....what if once upon a time I pretended I don't have any eggs in the basket and am only here as a neutral voice to teach you your stupid and I'm not ? Um a gonna out smart you sooner or later then I'll rub it in yo face I'll catch you sayin something that don't make no sense then uma gonna tell everyone how dumb you is And only I am allowed to do this too , or I'll say your intolerant of different views And if you do it back at me I'll get my other screen names to gang up on you and agree with me that I'm smart and your stupid How bout that trick Huh You like that trick do ya ? It takes brains to figure stuff like that out Hog brains Hog brains in my wheaties Edited March 30, 2014 by dontlop 1 Link to comment Share on other sites More sharing options...
dontlop Posted March 30, 2014 Report Share Posted March 30, 2014 Beware the "currency of a country" argument: "The Zimbabwean dollar (sign: $, or Z$ to distinguish it from other dollar-denominated currencies) was the official currency of Zimbabwe from 1980 to 12 April 2009, with three periods of inflation. Although the dollar was considered to be among the highest-valued currency units when it was introduced in 1980 to replace the Rhodesian dollar at par, political turmoil and hyperinflation rapidly eroded the value of the Zimbabwe dollar to become one of the least valued currency units in the world, undergoing three redenominations, with high face value paper denominations, including a $100 trillion banknote (1014). The third redenomination produced the "fourth dollar" (ZWL), which was worth 1 trillion ZWR (third dollar), or 1025 ZWD (first dollar). Despite attempts to control inflation by legislation, and three redenominations (in 2006, 2008 and 2009), use of the Zimbabwean dollar as an official currency was effectively abandoned on 12 April 2009 due to the skyrocketing inflation. According to some sources, a person would starve on just a billion Zimbabwe dollars. This was a result of the Reserve Bank of Zimbabwe legalising use of foreign currencies for transactions in January 2009. Currencies such as the South African rand, Botswana pula, pound sterling, euro, Yuan and the United States dollar are now used for all transactions in Zimbabwe; the policy of the government of Zimbabwe has insisted that any attempts to reintroduce Zimbabwean currency should be considered only if industrial output improves." Are you in insisting this is normal behavior ? Tell us more about your comparison to Iraq Zimbabwe , right ? Geez we best watch out here in the states since some thing in Zimbabwe has done things in this world with their 7 billion dollar GDP and their authoritarian govt ruling over the 500 dollar per capita economy I guess any one investing in anything best be on high alert cause Zimbabwe is coming to get cha Zimbabwe policies are gonna take over the world Watch out for the turd burglars What if ya mess with the wrong people and they hand feed you your own medicine on a daily basis and you look like a fool in the end Saddam is gone What part of that don't cha understand 1 Link to comment Share on other sites More sharing options...
dontlop Posted March 30, 2014 Report Share Posted March 30, 2014 Iraqs money supply is decreasing IRAQ MONEY SUPPLY M0 Money Supply M0 in Iraq decreased to 71158 IQD Billion in January of 2014 from 73259 IQD Billion in December of 2013. Money Supply M0 in Iraq is reported by the Central Bank of Iraq. Money Supply M0 in Iraq averaged 36616.88 IQD Billion from 2003 until 2014, reaching an all time high of 73259 IQD Billion in December of 2013 and a record low of 6708 IQD Billion in December of 2003. Iraq Money Supply M0 is the most liquid measure of the money supply including coins and notes in circulation and other assets that are easily convertible into cash. Money Supply M0 and M1, are also known as narrow money. This page provides - Iraq Money Supply M0 - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-03-30 http://www.tradingeconomics.com/iraq/money-supply-m0 But but but No it isn't its increasing cause the lopsters reported it is increasing 1 Link to comment Share on other sites More sharing options...
RVPleaseToday Posted March 30, 2014 Report Share Posted March 30, 2014 So they only have 71 trillion dinar instead of 73 trillion. Wow, dontlop, that's going to really make a difference. lol 1 Link to comment Share on other sites More sharing options...
dontlop Posted March 30, 2014 Report Share Posted March 30, 2014 How do you know what they have now ? Did dinark tell you ? You lopsters keep saying it keeps going up It's not going up any more Now what You gonna pretend with your WOW statements Hey we best keep an eye on Zimbabwe to see where the world is headed Hey what if you just said that's good news and let it go at that ??? 1 Link to comment Share on other sites More sharing options...
RVPleaseToday Posted March 30, 2014 Report Share Posted March 30, 2014 You just posted it. That's how I know. duh Link to comment Share on other sites More sharing options...
dontlop Posted March 30, 2014 Report Share Posted March 30, 2014 Duh that was January this is the end of March You must not remember the article about reducing the 35 trillion dinar in circulation in February Or the article that came out when Iraq bought the most gold in the world around a billion and a half in March Or that the cbi says they will reduce the dinar by selling gold , treasurys , and dollars to achieve this Like I said why don't ya just say this is good news and let it go ? You must have an agenda ? added Taan told (morning) that the sale of gold from the central bank to citizens represents a process of withdrawing liquidity from trading where the liquidity in the market about 35 trillion dinars, and this large number Central Bank seeks to downgrade following the procedures of monetary policy. confirmed its part, economic researcher Suhad Athari, said the central bank announced the sale of gold to the citizens as well as Treasury Notes and the dollar would ease the liquidity as well as he promotes price stability. She told the (morning) that this measure would diversify the means savings for citizens and raise the purchasing power of the currency is likely to witness the price of gold marked decline his request in the market. Some people don't remember the positive things they read Only the negative that are never backed up with reality Link to comment Share on other sites More sharing options...
dontlop Posted March 30, 2014 Report Share Posted March 30, 2014 IRAQ CORPORATE TAX RATE The Corporate Tax Rate in Iraq stands at 15 percent. Corporate Tax Rate in Iraq is reported by the General Commission for Taxes. . In Iraq, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Iraq. This page provides - Iraq Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-03-30 IRAQ PERSONAL INCOME TAX RATE The Personal Income Tax Rate in Iraq stands at 15 percent. Personal Income Tax Rate in Iraq is reported by the Ministry of Finance. . In Iraq, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labor, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Iraq. This page provides - Iraq Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-03-30 Link to comment Share on other sites More sharing options...
RVPleaseToday Posted March 30, 2014 Report Share Posted March 30, 2014 So why did you post an old article in the first place? Link to comment Share on other sites More sharing options...
dontlop Posted March 30, 2014 Report Share Posted March 30, 2014 (edited) Economist calls on CBI to adopt oil and gas "instead" of gold and USD currency reserves Economist calls for the adoption of the oil and gas reserve of the "Central Bank economist" May 11, 2013, 1:43 pm Economic expert called on behalf of Jamil Antoine, on Saturday, "the central bank" to adopt oil and gas Kkhozan the reserves " instead "of gold and the dollar, stressing that the value of oil exports during the year twice all the gold reserves in the country. Said Antoine told him the reporter, “news agency Iraqis,” that: “reserves the central bank alone is not enough to maintain the stability of the Iraqi economy, where you must rely on reserve economist is the stock of oil and gas, because the reserves the central bank money and gold is not equal to the export of oil to one year . “ Noting that: “Reserve the main possible to protect Iraq’s economy is the stock of oil and gas in the ground,” and explained that “the statistics of the Ministry of Oil indicate that the oil reserves reached about 150 billion barrels and 19 billion m3 of gas, up to the month of February of the year Current. “ Edited March 30, 2014 by dontlop Link to comment Share on other sites More sharing options...
RVPleaseToday Posted March 30, 2014 Report Share Posted March 30, 2014 Well, as much as this "economist" might think this a good idea, you can't use oil in the ground to support your reserves. Every barrel of oil you pump out of the ground would decrease your "reserve" and devalue your currency. And, of course, if the price of oil dropped significantly, as happens fairly regularly, then your currency plunges in value with it. Not a good plan, IMO. There would be no stability at all in the currency, which is the job of the CBI to maintain. Link to comment Share on other sites More sharing options...
dinarbeleiver Posted March 30, 2014 Report Share Posted March 30, 2014 RVpleasetoday your part of the lopster crew say hi Dinarck and Sam I am. I'm sure those cockroaches will be cheerleading for you and especially for keepem - ha you probably are keepem with his several usernames he uses to support himself. 1 Link to comment Share on other sites More sharing options...
dinarbeleiver Posted March 30, 2014 Report Share Posted March 30, 2014 Keepem how's your Saddam Hussein reassurection theory going on 1 Link to comment Share on other sites More sharing options...
dontlop Posted March 30, 2014 Report Share Posted March 30, 2014 Well, as much as this "economist" might think this a good idea, you can't use oil in the ground to support your reserves. Every barrel of oil you pump out of the ground would decrease your "reserve" and devalue your currency. And, of course, if the price of oil dropped significantly, as happens fairly regularly, then your currency plunges in value with it. Not a good plan, IMO. There would be no stability at all in the currency, which is the job of the CBI to maintain. Not very intelligent to say such things Its one reserve to another I guess if they switch from dollars to gold for reserves that's bad too Gold sits in a vault to back up currency it doesn't heat your home it just sits there Oil sits in the ground too it's got value just like gold does If you want to exchange your gold for dollars you can If you want to exchange your oil for dollars you can If oil is your reserves and you exchange it for dollars how is that a loss You don't spend your dollars you spend your dinars That way they always return for goods and services You exchange one reserve for another as its pumped out of the ground In one hand you got a trillion dollars worth of oil The other hand you got nothing You sell the oil from one hand and replace it with a trillion dollars How is a trillion dollars worth less than a trillion dollars worth of oil ? They are selling the oil any way they lose absolutly nothing And you for some reason think that every drop of oil would have to be applied They only have to monetize a billion barrels and that could be the last billion barrels they ever pump out of the ground It would be like putting gold in a vault and never using it for anything Useless Just like the world figured out years ago You don't need reserves You just need a good credit rating This process of using dollars is temporary and about to come to a screeching halt The dinar will be an international currency and if the USA or anyone else doesn't accept it Iraq doesn't have to accept their currency either Compliance is being stalled but it's just a matter of time The IMF will have to eventually move Iraq into section 8 compliance No one will be able to tell them to do anything that doesn't apply to all currency's equally 1 Link to comment Share on other sites More sharing options...
captl1 Posted March 30, 2014 Report Share Posted March 30, 2014 Oil is found everyday...so this would be future reserves added to current reserves thus increasing total reserves..... Link to comment Share on other sites More sharing options...
dontlop Posted March 30, 2014 Report Share Posted March 30, 2014 Simply exchanging one reserve for another doesn't diminish the reserve value Link to comment Share on other sites More sharing options...
captl1 Posted March 30, 2014 Report Share Posted March 30, 2014 Simply exchanging one reserve for another doesn't diminish the reserve value Link to comment Share on other sites More sharing options...
dontlop Posted March 30, 2014 Report Share Posted March 30, 2014 (edited) Yep they have trillions of dollars of oil If they exchange the oil for trillions of dollars they don't have the oil for reserves but they have the dollars for reserves Half way through the sale of its oil the currency will be backed half by oil and half buy dollars Then three quarters of the way through selling their oil Iraqs dinars will be backed 3/4 by dollars and 1/4 by oil No losses at all in the reserves that back up the dinar If they buy trillions of dollars worth of gold with the dollars in the reserves they now have no dollars in the reserves but they have trillions of dollars worth of gold in the reserves No losses at all in the reserves that back up the dinar So who cares what backs the dinar Iraq would be just exchanging their oil reserves for other types of gold as it's sold No loses incurred. What backs the rest of the fiat currencies of the world ? Labor? Well Iraq will have that also plus the gold reserves backing the dinar making the dinar worth more than those country's with only goods and services backing it It's not that hard to understand for most people Edited March 30, 2014 by dontlop Link to comment Share on other sites More sharing options...
RVPleaseToday Posted March 30, 2014 Report Share Posted March 30, 2014 So now you are arguing that you can back your currency with stuff you MIGHT find in the ground SOMEDAY? You guys are clearly members of some kind of Dinar cult. Goofiest thing I've ever heard. 1 1 Link to comment Share on other sites More sharing options...
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