Exchanging your dinar

[keepmwlknfny]

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....

[dontlop]

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

[captl1]

Once the dinar is international it will be exchanged.

[keepmwlknfny]

Once the dinar is international it will be exchanged.[/quote

What if its not the dinar you hold that becomes international?]

[captl1]

It's still the currency of a country no matter how you spin it.

[RVPleaseToday]

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

[dontlop]

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

[dontlop]

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

[dontlop]

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

[RVPleaseToday]

So they only have 71 trillion dinar instead of 73 trillion. Wow, dontlop, that's going to really make a difference. lol

[dontlop]

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 ???

[RVPleaseToday]

You just posted it. That's how I know. duh

[dontlop]

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

[dontlop]

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

[RVPleaseToday]

So why did you post an old article in the first place?

[dontlop]

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

[RVPleaseToday]

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.

[dinarbeleiver]

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.

[dinarbeleiver]

Keepem how's your Saddam Hussein reassurection theory going on

[dontlop]

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

[captl1]

Oil is found everyday...so this would be future reserves added to current reserves thus increasing total reserves.....

[dontlop]

Simply exchanging one reserve for another doesn't diminish the reserve value

[captl1]

Simply exchanging one reserve for another doesn't diminish the reserve value

[dontlop]

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

[RVPleaseToday]

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.