yota691 Posted April 12, 2015 Report Share Posted April 12, 2015 Parliamentary Finance: Delete the zeros catalyst to strengthen the national currencyEconomic Since 04/11/2015 16:51 pm (Baghdad time)Special scales NewsA member of the parliamentary finance committee, on Saturday, about an intention to issue a new monetary categories "Khamisn thousand one hundred thousand", stressing that the aim is to strengthen the currency after deletion of zeros.Said Mohammed's / scales News / "The financial mechanism parliamentary discussed the issuance of new categories to the category of cash and fifty thousand percent as a prelude to the deletion of zeros from the currency.""The goal of the process of issuing monetary categories and deletion of zeros to strengthen the national currency," he said, adding: "The Ankhvaz the monetary value of the dinar against the dollar is to be used in insider more than the Iraqi dinar."Parliamentary Finance Committee announced on Saturday, the formation of a committee to study the coins version of the categories of the fifty and one hundred thousand Iraqi dinars, stressing that these categories booting to remove zeros from the Iraqi currency in the future. Finished / 29 / d 24 4 Link to comment Share on other sites More sharing options...
jeepguy Posted April 12, 2015 Report Share Posted April 12, 2015 mmmm wish I knew what kasmisn was in currency talk .... it almost sounds like another note with 100,ooo note { something like 15,ooo or a 35,ooo with a 100,000 note } and also what do the economist on the committee call a 50 thousand % ? is this up or down in the values of dino the dinar ...... if it is a swing too the positive side we who hold the dino dinar , 50 .ooo % would give the value now too 1,000 too 1 u.s. dollar ? this little topic holds a lot of juice if it swings our way ......... just my thinking Link to comment Share on other sites More sharing options...
sandfly Posted April 12, 2015 Report Share Posted April 12, 2015 THANKS 1 Link to comment Share on other sites More sharing options...
Integrativedoc Posted April 12, 2015 Report Share Posted April 12, 2015 Unfortunately I'm afraid this path will see the removal of the 250 and 500 just as they are doing with the 50. Issuing a 50k and 100k for a while then remove zeroes. I guess we will know as soon as the end of April comes if we see something about demonetizing the 250 or 500 Link to comment Share on other sites More sharing options...
nadia Posted April 12, 2015 Report Share Posted April 12, 2015 I hope that's not the case since I spent a pretty penny buying 500 dinar notes to diversify. Tick tock, tick tock. Link to comment Share on other sites More sharing options...
SocalDinar Posted April 12, 2015 Report Share Posted April 12, 2015 The U.S. needs a larger note than the $100 They need to bring back the $500s The penny is useless 1 Link to comment Share on other sites More sharing options...
Badrabbit Posted April 12, 2015 Report Share Posted April 12, 2015 This article makes no sense, 50,000% of .00086 = 43 must be a translation issue or I am miss reading everything this article is saying. 3 Link to comment Share on other sites More sharing options...
Wiljor Posted April 12, 2015 Report Share Posted April 12, 2015 Ok, its very difficult to determine if they mean, deleting the zero's from here 1 IQD = 0.000860770 USD or from here 5,000, 25,000 iqd etc... This talk of zero's has been going on for some time now and disappears and reappears like a phantom menace. "stressing that the aim is to strengthen the currency after deletion of zeros" To me this statement means they will delete the zero's from here 1 IQD = 0.000860770 USD, key word in Yota's post above "strengthen" In the mean time, we wait and wait and..... Morning Yota, and a great day to all DV'ers Link to comment Share on other sites More sharing options...
Boozer Posted April 12, 2015 Report Share Posted April 12, 2015 I thought the Governor of CBI said now is not the time ..... Bring back coins, or gold coins to get more dinar off the streets.. I think remove the 00s is off the rate not the Note just my 1 1 Link to comment Share on other sites More sharing options...
skeetdog Posted April 12, 2015 Report Share Posted April 12, 2015 Thanks Yota...Looks to me this article's just announcing the committee to study the process was formed and that the condition they are lookin' at only involves currency inside Iraq... Link to comment Share on other sites More sharing options...
tlars brother Posted April 12, 2015 Report Share Posted April 12, 2015 this articled is a mess....delete the zeros means taking them out of circulation, not the decimal point. Also, they are not just forming a committee.. that's silly. 1 Link to comment Share on other sites More sharing options...
djgabrielie1 Posted April 12, 2015 Report Share Posted April 12, 2015 Thanks Yota...Looks to me this article's just announcing the committee to study the process was formed and that the condition they are lookin' at only involves currency inside Iraq... I would have to concur with you skeetdog. 1 Link to comment Share on other sites More sharing options...
mrparrot Posted April 12, 2015 Report Share Posted April 12, 2015 The U.S. needs a larger note than the $100 They need to bring back the $500s The penny is useless Penny is not useless. Sheldon may think she is, but I don't. Every group needs a Penny... 4 Link to comment Share on other sites More sharing options...
skeetdog Posted April 13, 2015 Report Share Posted April 13, 2015 Damn, I thought I was an Aries but after readin' this...I might be a Sagittarius.... Link to comment Share on other sites More sharing options...
Cynthia AH Posted April 13, 2015 Report Share Posted April 13, 2015 Study,,,discussion,,,readings,,,,more study,,,more discussion,,,,more readings, now I understand how easy it was for Saddam to take over,,,,they were studying, discussing, reading,,,get to the point and do something.... 1 Link to comment Share on other sites More sharing options...
Laid Back Posted April 13, 2015 Report Share Posted April 13, 2015 deleting the 000's doesn't strengthen the currency, increasing the exchange rate does.! Increase the exchange rate first, collect all 000's notes and at the same time introduce the coins and lower denominations notes. Go Iraq Go dinar Go $1+ 3 Link to comment Share on other sites More sharing options...
rken Posted April 13, 2015 Report Share Posted April 13, 2015 What they are saying is that they will eliminate the current 50 dinar note. The new currency will range from 1 to 100 perhaps 500 dinar notes. You can trade a 25,000 dinar note (value about 25 usd) for the new 25 dinar note (value about 25usd) rinse and repeat for a the other denominations. Basically a lop. Hate to say it, I didn't think this is the way they were going, but its out in print pretty much black and white. hmmm Link to comment Share on other sites More sharing options...
elgin Posted April 13, 2015 Report Share Posted April 13, 2015 deleting the 000's doesn't strengthen the currency, increasing the exchange rate does.! Increase the exchange rate first, collect all 000's notes and at the same time introduce the coins and lower denominations notes. Go Iraq Go dinar Go $1+ Thanks YOTA, Laid Back, I think you're on to something here.. I don't think we should worry about the exchange rate inside IRAQ that fleeces the IRAQI people. I think what we should look for is when they go international with the DINAR then then they will have to put a real value to it. Right now its just locally traded play money.. (In it for the LONG Haul) 1 Link to comment Share on other sites More sharing options...
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