There Seems to be Confusion on what "Lifting the Zeros" Means

[dontlop]

Uh huh

Unlike you keepm just making up lies

[Shabibilicious]

Well, since all the other lobsters have left the tank, I seem to be the only one remaining.  And now I'm on the edge of being banned.  Its been a ride people, but I guess my options for discussion in the tank have run out.  So I'll say goodbye for awhile.  Keep up the conversation among yourselves.  That should be real interesting for everyone, including the advertisers..  

 

I take every weekend off from posting......and still managed to stay away longer than you.  You are a priceless addition to the "Tank", ewingm.  Keep up the good work.    

 

GO RV, and NO BV 

[Markinsa]

I take every weekend off from posting......and still managed to stay away longer than you. You are a priceless addition to the "Tank", ewingm. Keep up the good work.

GO RV, and NO BV

He's on vacation until next year.

.

[Shabibilicious]

He's on vacation until next year.

 

Unpaid leave?    

 

GO RV, and NO BV

[dontlop]

April 28, 2011

The Faculty of Management and Economics at the University of Babylon, a scientific symposium entitled raise zeros from Iraqi dinar and its positive and negative was attended by Advisor to the Iraqi Central Bank and a number of economists and those interested in economic affairs in Babylon. Adel al-Husseini, details .....

listen @ http://www.imamhussain-fm.com/news.php?act=sh_news&id=4462

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..

http://www.uobabylon.edu.iq/uobColeges/service_showarticle.aspx?fid=9&pubid=1122

So what does this mean?

Here another that makes the claim that once the budget is implemented the iraqi dinar exchange rate won't change until a new budget is proposed

Iraq Finance Committee MP Abdul Hussein al Yasiri Iraqi dinar to have 3 zeros canceled by the Central Bank of Iraq according to Finance Commissioner

Iraq Finance Committee MP Abdul-Hussein al-Yasiri – File photo

The Iraqi dinar will have 3 zeros canceled by the Central Bank of Iraq according to Finance Commissioner, MP Abdul Hussein al-Yassiri.

MP al-Yassiri told Iraqi News that “it is supposed that this year will witness necessary preparations to cancel three zeros from the currency”.

He added that his commission supports such move for its importance to the Iraqi economy.

The Central Bank of Iraq, earlier, announced that cancelling the zeros is within a plan to develop monetary policies in the country.

One of the difficulties facing is Iraq is withdrawing 30 trillion Iraqi dinars from Iraq’s market at the present time and to replacing it with new currency.

Earlier, the ministry of finance ruled out the idea of cancelling the zeros in 2013 because the federal budget was based on the current currency.

[rockfl9]

What this means is:

Remove three zeros from the face value and call that new  note 1 dinar worth 86 cents. No gain financially BUT the NEW dinar will be a psychological boost.

The  CBI is wasting money printing more bills with 3 zeros just to replace them.

A phased exchange over 3-4 years .

Possibly coins for durability.

Look for a return of the RD education programs.

If they are serious , could make a 1/2016 launch., 

[dontlop]

I am very concerned

If the gurus are right and I didn't buy all the dinar I could get my hands on I could end up institutionalized

I'm thinking of maxing out all my credit and buying as much dinar that I can because of what tlars brother said that it will Happen before 2015

I got one week at the most according to him

So should I buy hundreds of thousands of dollars worth of dinar right now ?

He's dead serious too !!!

[pocono]

 

I am very concerned

If the gurus are right and I didn't buy all the dinar I could get my hands on I could end up institutionalized

I'm thinking of maxing out all my credit and buying as much dinar that I can because of what tlars brother said that it will Happen before 2015

I got one week at the most according to him

So should I buy hundreds of thousands of dollars worth of dinar right now ?

He's dead serious too !!!

  That was quite the curb kickin you gave him yesterday...Kudos..

[dontlop]

that guy cracks me up

I guess I was in his shoes before to but I didn't give dates unless I was being sarcastic

Some day he will regret it like so many others do

After 10 years

Next month will be ten years waiting for these dates and occasions for a rv

Ten years !!

It's impossible to believe any of them any more