Experts: Ask A Coin 100,000 Dinars Will Increase Prices And Raise Inflation !

[Laid Back]

5 hours ago, Synopsis said:

My opinion is this is another step to attempt to reduce the note count in circulation.  If so, Iraqi people may want to exchange their old worn out notes for far fewer of the new notes with the high security features.  They would be storing far fewer notes and would make it easier for them to hide the notes.  Possibly, the places of exchange (banks) would require a bank account at their location.  In this way, the bank could track who has how much dinar and may be required to supply this information to the CBI, IMF, international auditors, etc.  Also, people suspected of pilfering could be tracked and how much they are holding (in exchanged bills).  I see this as good news if the 50K and 100K notes are put in circulation in the near future.

 The largest category 25000 Dinars is equal to (two thirds of the amount of bills in circulation) so releasing a bigger category means the reduction of four billion bills currently in circulation and transfering it to a number to (1.180) billion bills. The bigger bills will reduce the currency by about 80%-90%.

IF the 100,000 IQD is real our wait to see the new monetary policy and the roll out of the lower denomination notes with

more value could be longer.!

Go CBI

Go dinar

Go new monetary policy 

[calkid11]

Thank you Yota 

[Rasica]

8 hours ago, ChuckFinley said:

The only one I know of was the ZIM, even then you could not get a glass of water. I guess I am seeing this the same way you are. I could see the 100k for bank to bank or bank to bank internationally. I just think coming out less than 1 to 1 is a mistake (this could get bad here  I am about to write on this). Taking away the safe face factor with other countries in the region regarding . We are, say .008 or .05 or .10 compared to $3.xx. Please step to the back of the seating area. Front seating is reserved for the players.

1. If I thought that Iraq was going to be a major oil and natural resource provider I would pounce on their stock exchange and be buying everything that I though had value going forward. Talk about taking a major position in issues.

2. If I was a citizen there, there is no way I would be turning in my USD for less than what it is worth no matter what the GOI said. I would be on the Black Market dealing.

3. Some or most of the citizens would be taken advantage of. Unless you REALLY educate them or go complete electronic.

4. It is not us that makes the call here. Anything under a 1 to 1 to me just does not make sense.  

5. There commit of around 1-USD to me would mean (I would take) .86, $1.00, or $1.18. 

There are more examples, but I need to step back from the key board here. They have groups for this. I am about to go on a rampage. 

 

Iraq Being Suicided By Rothschild’s IMF & J.P. Morgan

Its like they are printing to make an excuse albeit w/o any credence to LOP. Iraq is in very sad shape with the west & imf doing everything they can to stifle oil.

This does however play out to their advantage to have Iraq financially quashed so as to attempt to suppress capitalism and induce keynesianisn for M.E. control for a

petrodollar.

It is my opinion that the sunnis will win in the end against the west & imf and will control their own country, but until then we will see these schizophrenic attempts

to sidetrack Iraq by the west & imf.

[Synopsis]

2 hours ago, Laid Back said:

 The largest category 25000 Dinars is equal to (two thirds of the amount of bills in circulation) so releasing a bigger category means the reduction of four billion bills currently in circulation and transfering it to a number to (1.180) billion bills. The bigger bills will reduce the currency by about 80%-90%.

IF the 100,000 IQD is real our wait to see the new monetary policy and the roll out of the lower denomination notes with

more value could be longer.!

Go CBI

Go dinar

Go new monetary policy 

I think it is a possibility that the roll out of the lower denominations notes with more value could be longer (further in the future) as you stated.  I was thinking the current counterfeit bills could be identified now during the exchanges at the bank locations and destroyed when the lower denominations are exchanged for the higher denominations.  Also, with higher security features on the 50K and 100K bills, it may be cost prohibitive to even attempt to counterfeit these bills now.  If there is a subsequent move to pull the higher denominations out of circulation by exchanging for USD or gold or Iraqis simply depositing these notes in a bank, then I suspect the revaluation could go much smoother with less corruption due to the prior removal of the counterfeited currency in circulation or stored by Iraqi citizens.  I am looking for the news as to what is being used to pull most of the Iraqi dinar in from circulation and the Iraqi citizen as a imminent precursor to the revaluation.  I could be wrong, but the issue of significant amounts of counterfeit bills in circulation or stored by Iraqi citizens could be a significant hurdle if the revaluation occurs now so reducing the bill count could be a way to reduce the impact of counterfeiting at the time of revaluation.

Also, pulling in the counterfeit notes at the present value vs. the USD would make the issue of the held counterfeit notes less volatile.  If I had a counterfeit 25K Iraqi note worth what I thought was nominally 20 USD and the bank told me that note was counterfeit, I would be less upset than if I had a counterfeit 25K Iraqi note I thought was worth nominally 2,000 USD or more after the revaluation.  Iraqis likely know there is a potential they are holding at least some counterfeit notes.  Exchanging now at the lower conversion rate to USD would likely avert a syndrome like "Iraqi Dinar Gold Fever" and subsequent mad rushes and loss of life due to exchange issues coupled with identifying counterfeit notes.

[Gypsygirl11]

Check out the article in Opinion and Perspectives section by Krome ... explains the reason for the 100,000. Great article. It speaks of new currency 50, 100, and 200 bills!!!!

[ChuckFinley]

35 minutes ago, Gypsygirl11 said:

Check out the article in Opinion and Perspectives section by Krome ... explains the reason for the 100,000. Great article. It speaks of new currency 50, 100, and 200 bills!!!!

Thanks Gypsygirl for the info. 

[Gypsygirl11]

1 minute ago, ChuckFinley said:

Thanks Gypsygirl for the info. 

My pleasure. Its an old article from 2012 that's been updated. I figured it would take them around 5 years to get their sh%& together.

[NoviceInvestor]

Still we wait .. 

[Gypsygirl11]

37 minutes ago, NoviceInvestor said:

Still we wait .. 

I know.....waiting on that OFFICIAL approval (whatever that means).

[yota691]

Tuesday, August 23, 2016 11:32

Parliamentary Economy: amounts traded in the market 43 trillion dinars and reserves of Iraq amounted to $ 51 billion

 

 

 

BAGHDAD / Baghdadi News / .. A commission parliamentary economy, Tuesday, for a new currency from 100,000 dinars category, loaded with the central bank issuing the responsibility of the Iraqi low volume of currency reserves to 51 billion dollars.

The Iraqi Central Bank announced, in November 2015, for the issuance of high-value category of cash (50,000 dinars) in circulation in Iraq, for the purpose of completing the restructuring of banknotes Alaracah.anthy 21 / t

Albjara showed that "differences on a certain image and Embossing on those small coins, prevented the issuance at the moment."

And it warned the planned Economic Committee, the "occurrence of inflation in the money supply after the huge categories like 100 thousand dinars without taking the necessary measures," pointing out that "the central bank has promised to issue a small cash categories of metal there to be a balance between large and small groups."

She stressed, "it is supposed to be the size of the reserve currency of 60 billion dollars," adding that "the central bank responsible for the decline in the size of the reserve."

She Albjara, that "the amount of money traded between salaries and markets amounted to 43 trillion dinars," indicating that "the reserve currency of $ 51 billion."

Rapporteur of the Committee, said Nora Albjara in an interview / Baghdadi News /, "it was printed a new currency of 100,000 dinars category, so as to reduce the size of the rolling transport, particularly regarding the payment of staff salaries."

 

[Gypsygirl11]

Thank you Yota !!!  Bring on the small cash category.

[DinarThug]

CNN. Broadcasting The Word 'Duh' !

 

 

(by walkingstick)

Experts: Ask a coin 100,000 dinars will increase prices and raise inflation

09/04/2016

BAGHDAD / JD / .. warned a number of experts and specialists in the financial and economic affairs, the central bank from issuing a new edition category 100 000 dinars, and put on the market, because it will increase the prices of goods and driving up inflation as well as it would reduce the value of the Iraqi dinar and eliminate small groups of currency and thus will affect directly the citizens.
He revealed an official source at the central bank preferred to remain anonymous, the central bank's intention to issue a new edition of 100,000 dinars category to the market.

The source told / KD / "The category of 100,000 dinars printed and is designed such a model, and we will choose the right time to put on the market," noting that "put on the market will help to stimulate the economy through the operations of exchanges between traders and commercial transactions between the operating companies," as well as category of the 100 000 easy storage and load and is designed along the lines of the international currency system if the high level of security, it is difficult to falsify. "

He noted that "put on the market requires, inter alia, promotional media campaign to get to know them, and being equal to or close to the category of 100 US dollars."

For his part, economist Adel Mandalawi warned of putting large groups of currencies in the market because it will affect the citizens and indirectly in terms of increasing prices and rising inflation, as well as the collapse of the deliberative value of the national currency.

He told Mandalawi / KD / time that is appropriate to ask edition of 100 dinars fact that the Iraqi economy is going through a volatile and unstable, especially in light of the decrease in oil prices and a lack of revenue.

He added that this new category would cancel the deal for small groups and gradually be currency 1,000 dinars smaller class rather than 250 dinars.

Lama, an expert on financial affairs Nabil Mahdi, said that some of the analysts and economists begrudge that sell the dollar at the central bank auction of the same amount and the introduction of a class of 100 000 new dinars to the market without the withdrawal of the equivalent of the dinar will lead to the final collapse, "In my view it no relationship between the central bank auction, which is a fixed nominal price of the dinar against the dollar, and the introduction of 100 000 dinars category collapse of the dinar, but the effect will be to increase the number of times the monetary union trading (dinar) within the economy any increase money circulation in the Iraqi economy speed.

He added that "according to economic theory, the printed large new categories practical means to increase the money supply ratios (liquidity) which have fits directly proportional to the increase in money supply rotational speed (speed of trading) the speed of trading, which is proportional to the accelerating inflation caused by rising prices resulting from increased new demand on the supply of goods and services due to the increase of that cash. "

He continued, "as if the demand for domestic goods increased, the displayed quasi-static at the moment for lack of production of a multitude or, comparable to a foreigner so that local products, especially industrial fill the increasing demand of junk purchased a gap, as well as there are no modern techniques of agricultural production even provides a new view of the agricultural product fills the needs of consumer, leading to increased consumer demand to the direction of foreign product, which means that the dealer to increase the import of foreign products to meet the shortage of supply of goods imported from the front of the new demand resulting from increased liquidity. "

"The increase in Iraqi imports from abroad means more dollar absorption from inside Iraq to the outside, which means to increase the desire of traders and speculators on their access to dollar auctions central bank and increased that desire means to raise the price the dollar within those auctions Batalli to increase the proportion of low value of the Iraqi dinar against other currencies, including the dollar, which increases the desire of speculators at this time to get a dollar, even at a higher price than the previous price within Iraq to the expectation of the low value of the dinar at a higher rate from the current time and the high value of the dollar. "

This brings together experts and analysts that the time is appropriate to put up with large groups of currencies, given the state of the Iraqi market instability.

The central bank has issued a new edition last year, the category of 50,000 dinars to the local market with announced his intention to print a new currency Other category 100 000 Danar.anthy / 8 /

http://www.dananernews.com/New.....hp?ID=7895

 

[precious1]

Anyone care to try to interpret this? Granted, I've been in the sun too much this weekend, but this no look bueno..

[climber7]

47 minutes ago, precious1 said:

Anyone care to try to interpret this? Granted, I've been in the sun too much this weekend, but this no look bueno..

 

This looks no good to me either.

 

[siberian_shaddow]

Much appreciated Thugs, Its mostly gibberish,  there banks can use it for large transactions, not for use of public

[Synopsis]

In my opinion, there will be misinformation in the Iraqi news media just prior to major events, like an Iraqi Dinar revaluation.  This article could be intended to give the impression the issue of the 100,000 IQD note, like the 50,000 IQD note, is on the horizon and will be bad for near term IQD value vs. the USD.  These statements could be truthfully made if there were no other IQD monetary policies being implemented.

If I remember right, when the KWD was reinstated, there was some bad news and then .........BOOM........ right on the heels of the news the KWD was returned to the pre Saddam invasion value.

In my opinion, the news as stated may be intended to throw people off, convert their IQD to another currency, create anxiety just prior to the euphoria, etc.  Whatever reason(s), this kind of news is encouraging indicating we may be closer to the event we have been waiting for.

[climber7]

17 minutes ago, Synopsis said:

In my opinion, there will be misinformation in the Iraqi news media just prior to major events, like an Iraqi Dinar revaluation.  This article could be intended to give the impression the issue of the 100,000 IQD note, like the 50,000 IQD note, is on the horizon and will be bad for near term IQD value vs. the USD.  These statements could be truthfully made if there were no other IQD monetary policies being implemented.

If I remember right, when the KWD was reinstated, there was some bad news and then .........BOOM........ right on the heels of the news the KWD was returned to the pre Saddam invasion value.

In my opinion, the news as stated may be intended to throw people off, convert their IQD to another currency, create anxiety just prior to the euphoria, etc.  Whatever reason(s), this kind of news is encouraging indicating we may be closer to the event we have been waiting for.

 

And what if the article is right? 

Edited September 4, 2016 by climber7

[climber7]

 

Synopsis....IYO....how close do YOU think we are?

[Synopsis]

38 minutes ago, climber7 said:

 

And what if the article is right? 

The article could be right as stated.  I just have a feeling/mistrust that other factors could be in play to throw off investors who have plans for making exorbitantly quick gains.

38 minutes ago, climber7 said:

 

Synopsis....IYO....how close do YOU think we are?

I just got back from the store with a pallet load of Depends.  Well, just kidding.  You may want to hurry and get yours now 'cause they may be out when you need 'em.  Just kidding.

In my opinion, the talk of the HCL, eradication of ISIS (end of year), voting on the remaining reforms (starting September 20), near completion of the implementation of the state of the art national and international banking systems, talk of prosecuting the corrupt who pilfered the government, talk of return of stolen funds to Iraq, talk of ascension to the WTO, etc. are really good indicators of good things to come in the near future (especially with the actions they are taking to back up their words!).  In my opinion, I can't imagine the IQD revaluation not occurring if the things I mentioned here were completed.  I suspect Iraq will want to strongly encourage the foreign investors (people like us) revalued IQD to be reinvested in Iraq to jump start their reconstruction and full integration as an international market supplier.  The international entities such as the IMF, World Bank, PTBs, etc all appear to be "encouraging" Iraq to do what Iraq needs to do - now.  I suspect the news regarding the progress of the reforms being completed once parliament reconvenes on September 20 will be telling of how close we really are for the event we have been waiting for to occur.

I was thrown off late last year and early this year.  I had anticipated late last year and early this year for being our time frame.  With the parliament and cabinet upheaval, the reform progress was suspended but is now gaining momentum.  Recently, Abadi was announced as having implemented 72% of the items he promised at the onset of his ascending to office to deliver during his term.  I suspect the remaining 28% of the remaining items have had the lion's share of the work completed with the finishing touches needing to be made as they make their way through parliament and are implemented.

How close are we?  Hard to say but the news is indicating some really good things and will get really good if they are actually completed in the near future.

Sadr ratcheting up the protesters and Maliki publicly squealing is another good sign!

Just my 

[climber7]

1 hour ago, Synopsis said:

The article could be right as stated.  I just have a feeling/mistrust that other factors could be in play to throw off investors who have plans for making exorbitantly quick gains.

I just got back from the store with a pallet load of Depends.  Well, just kidding.  You may want to hurry and get yours now 'cause they may be out when you need 'em.  Just kidding.

In my opinion, the talk of the HCL, eradication of ISIS (end of year), voting on the remaining reforms (starting September 20), near completion of the implementation of the state of the art national and international banking systems, talk of prosecuting the corrupt who pilfered the government, talk of return of stolen funds to Iraq, talk of ascension to the WTO, etc. are really good indicators of good things to come in the near future (especially with the actions they are taking to back up their words!).  In my opinion, I can't imagine the IQD revaluation not occurring if the things I mentioned here were completed.  I suspect Iraq will want to strongly encourage the foreign investors (people like us) revalued IQD to be reinvested in Iraq to jump start their reconstruction and full integration as an international market supplier.  The international entities such as the IMF, World Bank, PTBs, etc all appear to be "encouraging" Iraq to do what Iraq needs to do - now.  I suspect the news regarding the progress of the reforms being completed once parliament reconvenes on September 20 will be telling of how close we really are for the event we have been waiting for to occur.

I was thrown off late last year and early this year.  I had anticipated late last year and early this year for being our time frame.  With the parliament and cabinet upheaval, the reform progress was suspended but is now gaining momentum.  Recently, Abadi was announced as having implemented 72% of the items he promised at the onset of his ascending to office to deliver during his term.  I suspect the remaining 28% of the remaining items have had the lion's share of the work completed with the finishing touches needing to be made as they make their way through parliament and are implemented.

How close are we?  Hard to say but the news is indicating some really good things and will get really good if they are actually completed in the near future.

Sadr ratcheting up the protesters and Maliki publicly squealing is another good sign!

Just my 

 

THANK YOU for the thoughtful and respectful reply to my question.

I say that because there's been a long running history of folks here that take any questions the wrong way and will slam you for just blinking the wrong way--even if you have innocent intentions in your questions.

Much appreciate your patient for us novices and your class. 

[Synopsis]

Thank You for the correction Botswana!

        

[Laid Back]

The only reason I see to release a 100,000 dinar note is hyperinflation and does not the case in iraq

The inflation rate in Iraq was recorded at -0.40 percent in July of 2016. Inflation Rate in Iraq averaged 12.38 percent from 2005 until 2016, reaching an all time high of 76.55 percent in August of 2006 and a record low of -6.37 percent in October of 2009. Inflation Rate in Iraq is reported by the Central Bank of Iraq.

Go facts

Go information

Go new monetary policy

 

[calkid11]

Thank you Thugs 

[Synopsis]

2 hours ago, climber7 said:

 

THANK YOU for the thoughtful and respectful reply to my question.

I say that because there's been a long running history of folks here that take any questions the wrong way and will slam you for just blinking the wrong way--even if you have innocent intentions in your questions.

Much appreciate your patient for us novices and your class. 

Glad to offer my opinion.  Hopefully, it is helpful.  I can't make any guarantees and I may be biased.  When I first invested (and since then, too), I did some research and decided this investment had features that supported a likely positive outcome.  There are a variety of individuals who likely have varying opinions that are equally viable regarding the outcome and magnitude of this investment.  When I made the decision to invest, it was a one way choice where I would only exchange my IQD when there was a significant change in value. What will that change and value be and when?  I do not know.  In the mean time, I do what I can to temper my anticipation so as not to be let down or overly anxious to take quick and unwarranted action once the event(s) occur.

To me, the conclusion is every person needs to look at the available information and make choices based on their comfortably available means.  If their is any personal doubt, the person should make the appropriate choice realizing each person has their own independent perspective, means, and objectives for this investment while discarding the hype or pumper talk to avoid any personal investment crisis.

in my opinion, there are charlatans and malicious persons/affiliations who focus on pre and post event tactics to take advantage of people.  As a precaution, I suggest being careful who you share your investment activities with to avoid any undesirable consequences.

I have learned a few things along the way by the posted articles and many others who have contributed valuable information and perspectives.  Hopefully your experience here is rewarding for you, too.

[Wiljor]

37 minutes ago, Synopsis said:

Glad to offer my opinion.  Hopefully, it is helpful.  I can't make any guarantees and I may be biased.  When I first invested (and since then, too), I did some research and decided this investment had features that supported a likely positive outcome.  There are a variety of individuals who likely have varying opinions that are equally viable regarding the outcome and magnitude of this investment.  When I made the decision to invest, it was a one way choice where I would only exchange my IQD when there was a significant change in value. What will that change and value be and when?  I do not know.  In the mean time, I do what I can to temper my anticipation so as not to be let down or overly anxious to take quick and unwarranted action once the event(s) occur.

To me, the conclusion is every person needs to look at the available information and make choices based on their comfortably available means.  If their is any personal doubt, the person should make the appropriate choice realizing each person has their own independent perspective, means, and objectives for this investment while discarding the hype or pumper talk to avoid any personal investment crisis.

in my opinion, there are charlatans and malicious persons/affiliations who focus on pre and post event tactics to take advantage of people.  As a precaution, I suggest being careful who you share your investment activities with to avoid any undesirable consequences.

I have learned a few things along the way by the posted articles and many others who have contributed valuable information and perspectives.  Hopefully your experience here is rewarding for you, too.

Well said