yota691 Posted October 20, 2014 Report Share Posted October 20, 2014 Deletion of zeros from the Iraqi currency 19:29 20/10/2014 Confirmed the parliamentary Economic Committee that the deletion of zeros from the currency will be next year. According to committee member Abdul Salam al-Maliki said that "the deletion of zeros from the dinar will be next year after the central bank reserves reached 76 billion dollars to 24 billion dollars by the Fund / EDF Ai / As exceed the ceiling of the currency in the local market Almtdoualh 40 million trillion dinars Link to comment Share on other sites More sharing options...
moneysoon Posted October 20, 2014 Report Share Posted October 20, 2014 Sure......................................... We know the money is there and ready. Link to comment Share on other sites More sharing options...
gregp Posted October 20, 2014 Report Share Posted October 20, 2014 Great news. I hope Maliki and Turkie didn't spend all the reserves. Link to comment Share on other sites More sharing options...
Brinx65 Posted October 20, 2014 Report Share Posted October 20, 2014 Leave the 000's and add value. A very simple recipe for success! Thx for the post Yota Link to comment Share on other sites More sharing options...
Deb45 Posted October 20, 2014 Report Share Posted October 20, 2014 Is this good or bad? I'm so confused and freaking out. Explanation please. 4 Link to comment Share on other sites More sharing options...
Shabibilicious Posted October 20, 2014 Report Share Posted October 20, 2014 40 million trillion.....hahahaha, 5 year olds writing articles these days. GO RV, and NO BV 7 1 Link to comment Share on other sites More sharing options...
DNAR Posted October 20, 2014 Report Share Posted October 20, 2014 Always next year.... 3 1 Link to comment Share on other sites More sharing options...
Brinx65 Posted October 20, 2014 Report Share Posted October 20, 2014 40 million trillion.....hahahaha, 5 year olds writing articles these days. GO RV, and NO BV That's how are friends in the swamp lands talk. Hey..........let's go get 3 or 2 beers and kill a croc or 3 1 Link to comment Share on other sites More sharing options...
gymrat76541 Posted October 20, 2014 Report Share Posted October 20, 2014 And why do you tell us this? Can it be to mislead the masses? LOL 3 1 Link to comment Share on other sites More sharing options...
chinadawg Posted October 20, 2014 Report Share Posted October 20, 2014 LOL....What about the 90 billion plus the gold Turki said they had 3 months ago? 4 Link to comment Share on other sites More sharing options...
chess Posted October 20, 2014 Report Share Posted October 20, 2014 .....yeah, does this speed up or delay any possible RV?? Link to comment Share on other sites More sharing options...
olivesman Posted October 20, 2014 Report Share Posted October 20, 2014 "Lost in translation." "Smoke and mirrors. " 4 1 Link to comment Share on other sites More sharing options...
jim1126 Posted October 20, 2014 Report Share Posted October 20, 2014 Big Humungous squirrel! It may happen tonight! Just like China and Kuwait Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted October 20, 2014 Report Share Posted October 20, 2014 OK....So maliki is gone...we do not know what is left after he stole all he and his croonies have carried away. They will be doing a total inventory I am sure.....Either way it sound like when they are sure of what they have and it reaches a certain amount then they will make some changes. Give these guys a chance to find out what they have..what debts still are outstanding and then lets see what they do. This is a totally new Gov guys...give them a chance! 7 Link to comment Share on other sites More sharing options...
davis411 Posted October 20, 2014 Report Share Posted October 20, 2014 ok need a drink, i am lost again. Is this good or not so good here drinky help me see this right Link to comment Share on other sites More sharing options...
Brinx65 Posted October 20, 2014 Report Share Posted October 20, 2014 DEB45..........At the moment ........1 Iraqi Dinar = 0.00086 per US Dollar , or in other words........... it's worthless currency as far as us investors are concerned. Delete the zero's and we have an instant value change from worthless currency to .86 cents per 1 USD. Ex: .86 x 25,000 = 21,500 USD The other scenario would be to leave the Zero's and revalue the currency.........which leaves us with the million dollar question of "what's the rate going to be" ? This is my understanding of the two scenarios ............whether they are right or wrong is yet to be determined. :salute: 3 Link to comment Share on other sites More sharing options...
Deb45 Posted October 20, 2014 Report Share Posted October 20, 2014 Thanks Brinx65 I always thought when they said "delete the zeros" it meant take the 000 off of the 25,000 face value of the bill which would make a 25,000 to a 25 dinar. Too much math for me. Just like addition...into my bank account. Link to comment Share on other sites More sharing options...
SocalDinar Posted October 20, 2014 Report Share Posted October 20, 2014 (edited) /quote] Thanks Brinx65 I always thought when they said "delete the zeros" it meant take the 000 off of the 25,000 face value of the bill which would make a 25,000 to a 25 dinar. Too much math for me. Just like addition...into my bank account.You thought correctlyBut they can raise the value first Just not 1000000% Maybe 250% which would be a pretty good return Big Humungous squirrel! It may happen tonight! Just like China and Kuwait What do you mean like China and Kuwait? Edited October 20, 2014 by SocalDinar 2 1 Link to comment Share on other sites More sharing options...
Deb45 Posted October 20, 2014 Report Share Posted October 20, 2014 Still confused. Link to comment Share on other sites More sharing options...
stealthwarrior Posted October 20, 2014 Report Share Posted October 20, 2014 BLAH,BLAH 2 2 Link to comment Share on other sites More sharing options...
SocalDinar Posted October 20, 2014 Report Share Posted October 20, 2014 Still confused.Deleting zeros badRaising value good CBI can raise the value without GOIs permission but they can not issue new lower denoms without GOIs approval 2 1 Link to comment Share on other sites More sharing options...
uncirculd Posted October 20, 2014 Report Share Posted October 20, 2014 LOL....What about the 90 billion plus the gold Turki said they had 3 months ago? Maybe maliki did steal it. Link to comment Share on other sites More sharing options...
unirod Posted October 20, 2014 Report Share Posted October 20, 2014 Deletion of zeros from the Iraqi currency 19:29 20/10/2014 Confirmed the parliamentary Economic Committee that the deletion of zeros from the currency will be next year. According to committee member Abdul Salam al-Maliki said that "the deletion of zeros from the dinar will be next year after the central bank reserves reached 76 billion dollars to 24 billion dollars by the Fund / EDF Ai / As exceed the ceiling of the currency in the local market Almtdoualh 40 million trillion dinars Could they be saying 40 million notes worth 1 trillion Dinar? Divide 1 Trillion by 40 Million and you get 25,000. Are they saying that there are too many 25K notes? Lets do some math and speculation DV's Or maybe the economic committee is saying that they are now underneath their ceiling goal of a reduced note count? 1 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted October 20, 2014 Report Share Posted October 20, 2014 4 Link to comment Share on other sites More sharing options...
TrinityeXchange Posted October 20, 2014 Report Share Posted October 20, 2014 When they are talking trillions, they are talking broad money or M4 money. When we read articles about there being less than 4B in circulation, we are talking narrow money or M0-M1. We care about M0. That is how much money is in circulation. 4 Link to comment Share on other sites More sharing options...
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