TV: Rafidain Bank in Dhi Qar confirms that the introduction of ATM depends Ptsfir currency

[Deborah Layne]

Are you kidding me? Because if you're not kidding, you're laughably rude. JS

Thanks for saying THANKS Sandfly. You're a gentleman & people appreciate gentlemen.

Yota, I didn't see your post when I posted this a little while ago. If anybody can delete my repeat thread please do.

Edited December 12, 2014 by Deborah Layne

[mrparrot]

Will it RV if Sandfly stops saying "THANKS"?

We can only hope...

[dontlop]

The current account is the balance of trade between a country and its trading partners, reflecting all payments between countries for goods, services, interest and dividends. A deficit in the current account shows the country is spending more on foreign trade than it is earning, and that it is borrowing capital from foreign sources to make up the deficit. In other words, the country requires more foreign currency than it receives through sales of exports, and it supplies more of its own currency than foreigners demand for its products. The excess demand for foreign currency lowers the country's exchange rate until domestic goods and services are cheap enough for foreigners, and foreign assets are too expensive to generate sales for domestic interests. (For more, see Understanding The Current Account In The Balance Of Payments.)

4. Public Debt

Countries will engage in large-scale deficit financing to pay for public sector projects and governmental funding. While such activity stimulates the domestic economy, nations with large public deficits and debts are less attractive to foreign investors. The reason? A large debt encourages inflation, and if inflation is high, the debt will be serviced and ultimately paid off with cheaper real dollars in the future.

In the worst case scenario, a government may print money to pay part of a large debt, but increasing the money supply inevitably causes inflation. Moreover, if a government is not able to service its deficit through domestic means (selling domestic bonds, increasing the money supply), then it must increase the supply of securities for sale to foreigners, thereby lowering their prices. Finally, a large debt may prove worrisome to foreigners if they believe the country risks defaulting on its obligations. Foreigners will be less willing to own securities denominated in that currency if the risk of default is great. For this reason, the country's debt rating (as determined by Moody's or Standard & Poor's, for example) is a crucial determinant of its exchange rate.

5. Terms of Trade

A ratio comparing export prices to import prices, the terms of trade is related to current accounts and the balance of payments. If the price of a country's exports rises by a greater rate than that of its imports, its terms of trade have favorably improved. Increasing terms of trade shows greater demand for the country's exports. This, in turn, results in rising revenues from exports, which provides increased demand for the country's currency (and an increase in the currency's value). If the price of exports rises by a smaller rate than that of its imports, the currency's value will decrease in relation to its trading partners.

[sandfly]

THANKS

[Deborah Layne]

Hahahahaha!!

[larrylo]

I was on the forum and there was a thread started about a Big Wig caught on video talking about ATM and removal of the 0's... It said I needed to sign in to see if I have authority to view it. Im not VIP so it didn't allow me too...Anyone want to share some info????

Edited December 12, 2014 by Markinsa
Merged Topics

[mrparrot]

http://dinarvets.com/forums/index.php?/topic/192425-tv-rafidain-bank-in-dhi-qar-confirms-that-the-introduction-of-atm-depends-ptsfir-currency/

[romans12_13]

 

Edited December 12, 2014 by romans12_13

[txdinargirl]

Deborah, thanks for bringing this article over here. Try not to ignore the people who either think they're funny or are just rude. And for the posters - we DON'T pick on Sandfly. It's just not done. Our world would be a far better place if more people simply said "thanks" regularly. So as Bumper would say, let's play nice.

[Mrs. Silence Dogood]

I thought it was a great find!

[DinarThug]

 

U Don't Say ...

[RodandStaff]

Hmmm...that roman is a quiet one eh Thug!!! Lol ;o)

[djgabrielie]

You have to stand at an ATM with a bushel basket to collect your dinar? At 1160 per 1 USD. Ha Ha Ha  Get real.

[moneysoon]

You have to stand at an ATM with a bushel basket to collect your dinar? At 1160 per 1 USD. Ha Ha Ha  Get real.

 

Yes this, along with other improvements, tend to lead one into believing that something is coming together...

[Catluver67]

U Don't Say ...

Lmao...that cracked me up this morning. Thanks Thug I needed that.

[unirod]

The current account is the balance of trade between a country and its trading partners, reflecting all payments between countries for goods, services, interest and dividends. A deficit in the current account shows the country is spending more on foreign trade than it is earning, and that it is borrowing capital from foreign sources to make up the deficit. In other words, the country requires more foreign currency than it receives through sales of exports, and it supplies more of its own currency than foreigners demand for its products. The excess demand for foreign currency lowers the country's exchange rate until domestic goods and services are cheap enough for foreigners, and foreign assets are too expensive to generate sales for domestic interests. (For more, see Understanding The Current Account In The Balance Of Payments.)

4. Public Debt

Countries will engage in large-scale deficit financing to pay for public sector projects and governmental funding. While such activity stimulates the domestic economy, nations with large public deficits and debts are less attractive to foreign investors. The reason? A large debt encourages inflation, and if inflation is high, the debt will be serviced and ultimately paid off with cheaper real dollars in the future.

In the worst case scenario, a government may print money to pay part of a large debt, but increasing the money supply inevitably causes inflation. Moreover, if a government is not able to service its deficit through domestic means (selling domestic bonds, increasing the money supply), then it must increase the supply of securities for sale to foreigners, thereby lowering their prices. Finally, a large debt may prove worrisome to foreigners if they believe the country risks defaulting on its obligations. Foreigners will be less willing to own securities denominated in that currency if the risk of default is great. For this reason, the country's debt rating (as determined by Moody's or Standard & Poor's, for example) is a crucial determinant of its exchange rate.

5. Terms of Trade

A ratio comparing export prices to import prices, the terms of trade is related to current accounts and the balance of payments. If the price of a country's exports rises by a greater rate than that of its imports, its terms of trade have favorably improved. Increasing terms of trade shows greater demand for the country's exports. This, in turn, results in rising revenues from exports, which provides increased demand for the country's currency (and an increase in the currency's value). If the price of exports rises by a smaller rate than that of its imports, the currency's value will decrease in relation to its trading partners.

Thanks DONTLOP,

Without doing the international research, Everything read tells me that Iraq has a debt of near Zero. I bet Iraq ranks close to the top of all nations on the globe for being a better than average investment risk. How can there be any real inflation unless they are monkeying with the numbers to make it appear so...IMO