Expert: Delete The Zeros Supports The National Currency And Reduce Inflation In The Country !

[SocalDinar]

How come so many complain and whine about other members opinions they do not agree with. Who cares what they believe.

It will not change whats about to happen will it?  If they so upset you and its just unbearable why not just use the Ignore feature. It's easy! You will  never have to read a post of theirs again.

 

 As Muleslayer once said someone call a Waaaaaaambulance!

 

As for the article Thanks Thug!

Gotta love what this Expert is saying here.

Hopefully something happens before my 50s expire in two months. That was supposed to be my Vegas Money!! LOL

Always liked the idea of Hitting every Casino's currency exchange with my 50 s and 250s.

 

As Slim Pickens  said a Fella could have a pretty good weekend  in vegas with all that stuff.

 

[elgin]

The Iraqi Central Bank announced in May 2012 that the process of deleting the zeros will be transferred Iraq from a country trillions to billions,

 

Please someone help me out here, " They have had a plan in place before may 2012 to delete the zeros " Now they're going to put it into motion as we all know..                                              

Ok why is everyone getting excited about an opinion article ?  when I first started this I thought they would start with 0.10 to 1 to drag in all the big notes then maybe two years or so make it 0.50 to 1 OH don't get me wrong if it did start at 1 to 1 I would scream like a little school girl all 6'4" 335lbs of me...    

Edited March 5, 2015 by elgin

[rah]

It was just my translation of the article.... I usually just listen to the comments, as you will see I have only 38 posts in 5 years.

My comments were not meant as "it's my opinion or you are wrong"....

Maybe I should have stopped at my 29th post.

[TBomb]

ALL I CAN SAY IS A LOP WILL NOT ADDRESS INFLATION -

 

 

HERE'S THE QUOTE

 

"The country suffers the deficit as Iraq could not support its currency only if it received grants from third parties, and if possible its implementation is important (THE ZEROES PROJECT), reframes the currency indirectly supporting the national currency, and when the currency they restructure will reduce inflation in Iraq."

 

SO SHE'S SAYING (IT SEEMS TO ME) THAT THE ONLY WAY THEY CAN support THE WORTH OF THE CURRENCY IS TO ASSIGN MORE VALUE TO IT, IF NOT, THEY'LL NEED (ADDITIONAL) LOANS.  JMHO

[Texstorm]

Thank DT and TB, this article has made for another interesting day !

[eburt]

ALL I CAN SAY IS A LOP WILL NOT ADDRESS INFLATION -

 

 

HERE'S THE QUOTE

 

"The country suffers the deficit as Iraq could not support its currency only if it received grants from third parties, and if possible its implementation is important (THE ZEROES PROJECT), reframes the currency indirectly supporting the national currency, and when the currency they restructure will reduce inflation in Iraq."

 

SO SHE'S SAYING (IT SEEMS TO ME) THAT THE ONLY WAY THEY CAN support THE WORTH OF THE CURRENCY IS TO ASSIGN MORE VALUE TO IT, IF NOT, THEY'LL NEED (ADDITIONAL) LOANS.  JMHO

Agreed TBomb - well said......

["Fred"]

I love lobsters....not so much on lopsters

[FatMan]

The expert clearly states in his opinion the value would be 1 to 1 to the usd.....WHERE'S THE LOPSTERS???? ?.........................................................VERY WELL COULD AND THEN IN TIME FLOAT TO 3 TO1..............................................................................imho.

Guess you missed this part "$ 100 equals 120 000 Iraqi dinars, after deleting three zeros become a $ 100 equals 100 Iraqi dinars"...

I'd like to believe 1:1 as much as anyone, but take 000 off your amount you hold, even Steven.

Call me a lobster, or someone who Reads what it's sayn.

Ugh

["Fred"]

Hopefully there will be lots of Cold Alantic Lobstah for everyone "soon". Please someone make this happen,pretty please with a cherry on top? Tomorrow being Friday I'll be the first to give my notice. Peace

[rah]

Farman, Exactly the way I translate it also. I respect the others view though.

[SocalDinar]

Yep!

 

And I guess its ok to call out for " Where's the  lopsters " and when they get response they do not like they are threatened with expulsion.

 

Anyone remember those types of kids from school yard days? I do

[larrylo]

Just my opinion, the Iraqi Dinar is worth well more then $1.00, The way i read this article is 1:1. With that being said, i believe they will come out even with the US dollar, where most of us will cash out. Then probably in a year or so they will Revalue it to $3.00 +.  They make out on both ends, they know there currency is worth more then $1.00 but pay you 1.00 to get the notes off the street. They saved 2.00 on the flip side. Its Buisness. Also coming out less then $1.00, im sure they know people will still hold onto it, now knowing that there will be a true value at some point. They know we been holding these notes for years at 1.00 they will get most off the streets.

[Chuck Norris]

This article is almost 2 years old, correct?

[FatMan]

I do to rah. I've seen so many articles that point to RV, and even words in this one. I don't really see how making a 25,000 note become $25.00 will strengthen anything... but truth is, I have NO IDEA what they're planning, and my own opinion is freaking me out. Just doesn't look Good to me. I sure hope I'm wrong...

[DinarThug]

NOW EVERYONE, SHE DOES NOT SIT ON ANY PARLIAMENTARY/GOVT COMMITTEE - SHE IS A RESPECTED ECONOMIST AND HIS GIVING HER OPINION OF WHAT THE PROJECT WOULD/COULD/SHOULD ACCOMPLISH.

 

 

She Was A Member Of The Iraq Securities Commission Last Year - I'm Not Sure If She Still Is Though !

 

           

 

CENTRAL BANK, ECONOMIC NEWS Sumaisem warns of bankruptcy Treasury Iraqi government

 

 • February 13, 2014 •

 

 Economic expert peace Sumaisem warns of bankruptcy Treasury Iraqi government within two months

 

 

 

 

Warned an economic expert, a member of the Securities Commission, d. Peace Sumaisem,

 

of “bankruptcy Treasury Iraqi government within two months if there is no approval of the budget for fiscal 2014.” Sumaisem said that “the amount of money necessary for the economic sectors have been allocated by the government to be directed to specific sectors so far as a result of the delay in approving the budget of Finance which will lead to the suspension of most economic sectors, income-generating work.” D. Peace Sumaisem She explained that “the mechanism of action is to provide the money and be done through the budget and the budget if it does not recognize the mechanics of the conversion and the process will stop working with the payment of the salaries of employees at no cost productive.” The Ministry of Finance announced on October 19, 2013, for completing the budget for Iraq in 2014, indicating that the budget of 174 trillion dinars and a deficit of up to 27 trillion, but would not acknowledge so far and is still stuck in Parliament, which holds the government responsible for the delay. altahreernews.com Related Posts Economic parliamentary: There’s no real fiscal deficit in Iraq (Mar 4, 2015) Zebari: Iraq looking version with banks likely to bonds (Mar 3, 2015) Abadi adviser for the economy out of the current crisis (Mar 3, 2015) the budget and set conditions for hard currency and reduce smuggling (Mar 2, 2015) Islamic finance experience in reviving the economy (Mar 2, 2015) Tags: bankruptcy Budget economic Sumaisem 

Iraqi Dinar News http://iraqdinar.us

[Texstorm]

RAH I going to go out on limb here ! I can tell by your language that you're dancing on eggshells here. I first expected it when we engaged in our first exchanges and while you were very eloquent and pleasant to me, I suspected that you were holding back on me. Clearly you are highly educated and have a strong opinion of which you are unwilling to share because of the position that it will put you in. If I didn't know better I would swear that you are DL. Everybody has a certain profile, it's really hard to break out of who you really are. RAH who are you ?

[caz1104]

SocialDinar,

 

I agree................don't ask questions if your afraid you might not like the answers. So far the Lopsters have been very fair & eloquent in their answers, what more can one ask?

 

 

Tex,

 

History does show that some Lopsters that get banned do re-invent themselves.

Edited March 5, 2015 by caz1104

[SocalDinar]

Thats right Caz.

 

Kind of how Obama made it into office.  Nobody wanted to ask him the tough questions and nobody wanted to be labeled as a racist.

So we elected a community organizer to run our country,

 

Politicial dissent is not racism

[Deb45]

WOW! This is like "is the dress black & blue or white & gold?"  I don't understand how some people can take that article as a lop.  Yet they are so emphatic in making their case.

 

( its black & blue by the way)

Edited March 5, 2015 by Deb45

[vietnam1969]

I copied this from an article not from this site.

 

الخميس 5 مارس 2015 | 06:10 مساء

BAGHDAD / ... confirmed an economic expert d. Peace Sumaisem, on Thursday, on the importance of the subject of the deletion of zeros from the Iraqi dinar, considering it as a support of the national currency, and a reduction of inflation in the country.

Sumaisem said, in a statement to "Ein Iraq News", "delete the zeros includes two basic objectives, the deletion of zeros, and the restructuring of the Iraqi currency, instead of the $ 100 equals 120 000 Iraqi dinars, after deleting three zeros become a $ 100 equals 100 Iraqi dinars, which is equal to the dollar and the dinar This means strengthening the Iraqi currency. "

"The country suffers deficit as Iraq does not it can support its currency unless received grants from third parties, and whether this possible implementation it is important, reframes the value of the currency indirectly supporting the national currency, and when structuring currency returned it reduces inflation Iraq ". 

[billbill]

I hope, I hope, I hope!!!!!!!

[ChuckFinley]

Well, I come home and the whole world is pumped. They way I read this is that they are dropping the 0's and being 1 to 1. What it does not say is how they are going about doing it. It seems that they left out that step. From the rate or the currency. The only thing we can do is take a SWAG based not this statement alone, but what all that has been stated. In the meantime I am hoping for an Adam Driveby.

[Deb45]

It was posted early this morning on this site and we've been talking about it all day on another thread.  See "Expert" thread

[brbrlocke]

fingers crossed

[blueskyline]

But doesn't it sat AFTER DELETING 000's?

That's a break even

. If it was delete the zeros the way you are speaking of then it WOULD have been written as 120 =100 dollar. Which is not what was written . And meaning Something completely different all together.