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Iraqi monetary system enhanced the currency of a new dinars


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Iraqi monetary system enhanced the currency of a new dinars

Monday, October 31.2016

Mohammed Riad Hamza

It is unacceptable to keep the Iraqi dinar exchange rate against the US dollar and the currencies of industrialized capitalist countries and neighboring Arab countries is in the thousands. Valencod Iraqi dinar paper of the highest categories opens with four zeros paper ... the fifty thousand to 250 dinars aminimum.  
The reality of the dinar current trading segments of confusing disabled economic, commercial and service activities for all. For the Iraqi market , thelevel of the reality of the dinar in the evaluation of trade operations, and asingle sentence, is far from accurate price, as well as in the evaluation of real estate , buying and selling and lease, and banking facilities, and any trading assesses currency. Any deal large amounts of both ends need to fill categories of dinar bags for exchange between the seller and the buyer .oimkn see scenes of people carrying bags of dinar entrants to the banks or exchange houses or coming out of it.  
And make sure that the reality of the Iraqi dinar and Dialh value segments purchasing a catalyst for the crimes of counterfeiting. In countries where equal their exchange rate with the Iraqi currency Mbtalat rigging the currency, and the counterfeit currency from the devastating effects on inter macroeconomic components of any State. 
And the dinar Iraqi Rolling currently Bocefarh and Dialh value cashed important role in the rise of goods and services and rising inflation rates. As transactions in the wholesale exclude small - value segments of the dinar.The addition of a few thousand dinars to deal Consumer goods , or long -lived, and circulation of marketing to another port and into the hands ofconsumers, the price of the commodity Tuwalia ballooning number ofmarketing outlets. The reason is Dialh purchasing power of the categories ofsmall dinar that are excluded when evaluating the price of any commodity.  
On 27 August 2015 published (unit of economic studies links for Research and Strategic Studies Center) in his position on the Internet an important article included a reference to "that the Iraqi government may resort to editing dinar any (floated) something that will not solve the financial problem in thecountry, but would have a disastrous impact on the Iraqi citizen first class. on the other hand, the flotation is the port for speculators in the market to carry out money laundering and manipulation auction currency within the central bank. float currency Floating means Leave a currency floating rising exchange rate and declining reverse proportion to the cases of demand and supply in the market. and taking into account the level of emancipation of thenational economy, and the adequacy of its performance, and flexibility of its production apparatus. It is the risk of this process as open the door to money laundering and diversion of corrupt money from the Iraqi dinar to currencies Free to smuggle them out. " the 
survival of the purchasing power of the Iraqi dinar is weak seesaw at home and abroad are not supported with rampant financial corruption, the dinar conversion into other currencies smuggled abroad cause higher inflation. As to keep large amounts of Iraqi dinar in the market means inflation liquidity which makes it easier out more foreign currency from the country.  The 
solution is not to delete zeros or dinar floated, but substituting new Iraqi dinars and to link the rate of exchange in US dollars. Be issued any new Iraqi dinars equivalent to the dollar in the exchange rate of the dinar .oatkon per hundred fils and groups: one dinar, five dinars and ten dinars, and twenty dinars, and fifty dinars, and one hundred dinars. Minting coins from fils and five fils, ten fils fils twenty, and fifty fils, and one hundred fils
. Thereby ensuring the stability of the monetary system and the elimination of theimbalance in the current system , which has allowed widespread corruption.  
As has been the abolition of the currency of the former regime after 2003 and replacing rolling dinar now, the current cancellation over a period of time and bring new dinar. 
It is important that the Iraqi Central Bank assisted by experts from the"Council Federal reserve , " the US central bank in the Iraqi monetary system , the development of the currency enjoys the trust of the exchange of high locally and internationally. 
Central banks play a major role in financial instruments control in all countries of the world, the most important tool in the hands of the Central Bank is the monetary policy, it is through an increase in cash flow (Liquidity) can stimulate the economy out of the state of economic crisis, or to help the economy grow by encouraging exports, reducing inflation 
the currency peg of the Iraqi dinar in US dollars means installing currency dinar price of a fixed exchange rate (fixed exchange-rate) and much of the world this practice is based. There are 17 countries in the world have linked its currency to the US dollar. Including six Arab countries , namely Saudi Arabia, Jordan, Oman, the UAE, Bahrain and Qatar.  
To link the Iraqi dinar to the dollar has several advantages the most important of the ease of exchange rate policy between the currency of the country and the rest of the world currencies all, where monetary authorities determine therate specified for the disbursement of the dinar to the dollar, through which the determined relationship management the rest of the dinar currency, goes up for these currencies with the rising dollar and decreases with Ankhvadh.mn other hand, the dollar peg helps relatively protect the national economy from inflation  as 
well as help link in the case of oil -producing countries to stabilize their revenues in local currency when the devaluation of the dollar. Vpferd thestability of the oil price decline, the global value of the dollar does not lead to a decline in oil revenues of Iraq Dinars. 
It will be issuing new Iraqi dinars a way to expose corruption as it requires replacement traded currency is the new currency. At that expose shelve those billions and billions of the current Iraqi dinar and act in the framework of theweak monetary system and politicized the farthest thing from transparency.As can be the Iraqi Central Bank and commercial banks had placed before thedeal could expose any abuses , money laundering and smuggling of thePopular currency abroad.  
The main reason behind the dollar peg is to maintain stability and increased confidence to deal with, and maintain a fixed exchange rate of the dinar rate would eliminate the so - called parallel market vowels (black market). This reinforces the confidence of investors and the stability of the monetary system and to maintain the purchasing power of consumers with limited income.

http://aliraqtimes.com/ar/page/31/10/2016/76064/نظام-نقدي-عراقي-معزز-بعملة-دينار-جديد.html

Edited by deniscanada
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The 
solution is not to delete zeros or dinar floated, but substituting new Iraqi dinars and to link the rate of exchange in US dollars. Be issued any new Iraqi dinars equivalent to the dollar in the exchange rate of the dinar .oatkon per hundred fils and groups: one dinar, five dinars and ten dinars, and twenty dinars, and fifty dinars, and one hundred dinars. Minting coins from fils and five fils, ten fils fils twenty, and fifty fils, and one hundred fils

Increase the dinar exchange rate first to $1:1 .... Collect all 000's notes, and at the same time roll out lower denomination notes and coins.!

Go dinar

Go new monetary policy 

Go increase exchange rate

Go $1:1

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1 hour ago, deniscanada said:

Iraqi monetary system enhanced the currency of a new dinars

Monday, October 31.2016

Mohammed Riad Hamza

It is unacceptable to keep the Iraqi dinar exchange rate against the US dollar and the currencies of industrialized capitalist countries and neighboring Arab countries is in the thousands. Valencod Iraqi dinar paper of the highest categories opens with four zeros paper ... the fifty thousand to 250 dinars aminimum.  
The reality of the dinar current trading segments of confusing disabled economic, commercial and service activities for all. For the Iraqi market , thelevel of the reality of the dinar in the evaluation of trade operations, and asingle sentence, is far from accurate price, as well as in the evaluation of real estate , buying and selling and lease, and banking facilities, and any trading assesses currency. Any deal large amounts of both ends need to fill categories of dinar bags for exchange between the seller and the buyer .oimkn see scenes of people carrying bags of dinar entrants to the banks or exchange houses or coming out of it.  
And make sure that the reality of the Iraqi dinar and Dialh value segments purchasing a catalyst for the crimes of counterfeiting. In countries where equal their exchange rate with the Iraqi currency Mbtalat rigging the currency, and the counterfeit currency from the devastating effects on inter macroeconomic components of any State. 
And the dinar Iraqi Rolling currently Bocefarh and Dialh value cashed important role in the rise of goods and services and rising inflation rates. As transactions in the wholesale exclude small - value segments of the dinar.The addition of a few thousand dinars to deal Consumer goods , or long -lived, and circulation of marketing to another port and into the hands ofconsumers, the price of the commodity Tuwalia ballooning number ofmarketing outlets. The reason is Dialh purchasing power of the categories ofsmall dinar that are excluded when evaluating the price of any commodity.  
On 27 August 2015 published (unit of economic studies links for Research and Strategic Studies Center) in his position on the Internet an important article included a reference to "that the Iraqi government may resort to editing dinar any (floated) something that will not solve the financial problem in thecountry, but would have a disastrous impact on the Iraqi citizen first class. on the other hand, the flotation is the port for speculators in the market to carry out money laundering and manipulation auction currency within the central bank. float currency Floating means Leave a currency floating rising exchange rate and declining reverse proportion to the cases of demand and supply in the market. and taking into account the level of emancipation of thenational economy, and the adequacy of its performance, and flexibility of its production apparatus. It is the risk of this process as open the door to money laundering and diversion of corrupt money from the Iraqi dinar to currencies Free to smuggle them out. " the 
survival of the purchasing power of the Iraqi dinar is weak seesaw at home and abroad are not supported with rampant financial corruption, the dinar conversion into other currencies smuggled abroad cause higher inflation. As to keep large amounts of Iraqi dinar in the market means inflation liquidity which makes it easier out more foreign currency from the country.  The 
solution is not to delete zeros or dinar floated, but substituting new Iraqi dinars and to link the rate of exchange in US dollars. Be issued any new Iraqi dinars equivalent to the dollar in the exchange rate of the dinar .oatkon per hundred fils and groups: one dinar, five dinars and ten dinars, and twenty dinars, and fifty dinars, and one hundred dinars. Minting coins from fils and five fils, ten fils fils twenty, and fifty fils, and one hundred fils
. Thereby ensuring the stability of the monetary system and the elimination of theimbalance in the current system , which has allowed widespread corruption.  
As has been the abolition of the currency of the former regime after 2003 and replacing rolling dinar now, the current cancellation over a period of time and bring new dinar. 
It is important that the Iraqi Central Bank assisted by experts from the"Council Federal reserve , " the US central bank in the Iraqi monetary system , the development of the currency enjoys the trust of the exchange of high locally and internationally. 
Central banks play a major role in financial instruments control in all countries of the world, the most important tool in the hands of the Central Bank is the monetary policy, it is through an increase in cash flow (Liquidity) can stimulate the economy out of the state of economic crisis, or to help the economy grow by encouraging exports, reducing inflation 
the currency peg of the Iraqi dinar in US dollars means installing currency dinar price of a fixed exchange rate (fixed exchange-rate) and much of the world this practice is based. There are 17 countries in the world have linked its currency to the US dollar. Including six Arab countries , namely Saudi Arabia, Jordan, Oman, the UAE, Bahrain and Qatar.  
To link the Iraqi dinar to the dollar has several advantages the most important of the ease of exchange rate policy between the currency of the country and the rest of the world currencies all, where monetary authorities determine therate specified for the disbursement of the dinar to the dollar, through which the determined relationship management the rest of the dinar currency, goes up for these currencies with the rising dollar and decreases with Ankhvadh.mn other hand, the dollar peg helps relatively protect the national economy from inflation  as 
well as help link in the case of oil -producing countries to stabilize their revenues in local currency when the devaluation of the dollar. Vpferd thestability of the oil price decline, the global value of the dollar does not lead to a decline in oil revenues of Iraq Dinars. 
It will be issuing new Iraqi dinars a way to expose corruption as it requires replacement traded currency is the new currency. At that expose shelve those billions and billions of the current Iraqi dinar and act in the framework of theweak monetary system and politicized the farthest thing from transparency.As can be the Iraqi Central Bank and commercial banks had placed before thedeal could expose any abuses , money laundering and smuggling of thePopular currency abroad.  
The main reason behind the dollar peg is to maintain stability and increased confidence to deal with, and maintain a fixed exchange rate of the dinar rate would eliminate the so - called parallel market vowels (black market). This reinforces the confidence of investors and the stability of the monetary system and to maintain the purchasing power of consumers with limited income.

http://aliraqtimes.com/ar/page/31/10/2016/76064/نظام-نقدي-عراقي-معزز-بعملة-دينار-جديد.html

 

Okay,

I haven't had time to really read this closely but in just a quick skim--isn't this describing a LOP? 

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The solution is not to delete zeros or dinar floated, but substituting new Iraqi dinars and to link the rate of exchange in US dollars. Be issued any new Iraqi dinars equivalent to the dollar in the exchange rate of the dinar .oatkon per hundred fils and groups: one dinar, five dinars and ten dinars, and twenty dinars, and fifty dinars, and one hundred dinars. Minting coins from fils and five fils, ten fils fils twenty, and fifty fils, and one hundred fils.

What? Substituting ?

lop or RI ?

Edited by magawatt
Clarity.
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1 hour ago, climber7 said:

As has been the abolition of the currency of the former regime after 2003 and replacing rolling dinar now, the current cancellation over a period of time and bring new dinar. 

 

1 hour ago, climber7 said:

It will be issuing new Iraqi dinars a way to expose corruption as it requires replacement traded currency is the new currency. At that expose shelve those billions and billions of the current Iraqi dinar and act in the framework of theweak monetary system and politicized the farthest thing from transparency.As can be the Iraqi Central Bank and commercial banks had placed before the deal could expose any abuses , money laundering and smuggling of the Popular currency abroad.  

Looks like they want to set up an exchange of the old currency(like ours) and replace it with new currency with a value against the dollar.  Then after a period of time cancel out the old currency. This would force those holding a great deal of currency to expose themselves as to ......where did you get this?  The problem is...what is going to be the value of the old currency against the new?  This looks like some of the old information " 25000 dinar for 25 dinar"

 

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it is sounding  like ,  instead of letting the dinar , in the high zero`s  float , which this guy is saying , would bring in all of our dinars  , as a money  laundering scheme too get cash for dollars , which he thinks  would be bad  for the central banks  and the first  people  of Iraq  { this I think he means  the very wealthy  }  as  he  might be implying ,  the influx of dinar would be easy too conceal  fake counterfeit dinar ..  bit  bring out  new notes in the lower range  5`s 10`s 20`s 50`s  100`s  ,   { but he doesn`t say  what will become of the larger notes  ,   an exchange I guess , a time table too get  big notes exchanged for new notes , and  get the  fat cash in the houses  into  central banks ? }  I wonder if this guy has a following yet of  Iraqi leadership , or just an editorial  piece !    

1 minute ago, 235snack said:

Looks like they want to set up an exchange of the old currency(like ours) and replace it with new currency with a value against the dollar.  Then after a period of time cancel out the old currency. This would force those holding a great deal of currency to expose themselves as to ......where did you get this?  The problem is...what is going to be the value of the old currency against the new?  This looks like some of the old information " 25000 dinar for 25 dinar"

 

sounds about  right 235 snack

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3 hours ago, deniscanada said:

It is unacceptable to keep the Iraqi dinar exchange rate against the US dollar. The main reason behind the dollar peg is to maintain stability and increased confidence to deal with, and maintain a fixed exchange rate of the dinar rate would eliminate the so - called parallel market vowels.

Let me help you with that. 1:1. There !  No market vowels.  :lol:

0.jpg

 

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2 hours ago, climber7 said:

As has been the abolition of the currency of the former regime after 2003 and replacing rolling dinar now, the current cancellation over a period of time and bring new dinar. 
It is important that the Iraqi Central Bank assisted by experts from the"Council Federal reserve , " the US central bank in the Iraqi monetary system , the development of the currency enjoys the trust of the exchange of high locally and internationally. 
Central banks play a major role in financial instruments control in all countries of the world, the most important tool in the hands of the Central Bank is the monetary policy, it is through an increase in cash flow (Liquidity) can stimulate the economy out of the state of economic crisis, or to help the economy grow by encouraging exports, reducing inflation 
the currency peg of the Iraqi dinar in US dollars means installing currency dinar price of a fixed exchange rate (fixed exchange-rate) and much of the world this practice is basedThere are 17 countries in the world have linked its currency to the US dollar. Including six Arab countries , namely Saudi Arabia, Jordan, Oman, the UAE, Bahrain and Qatar

OK, so we know that the Saddam Dinar was cancelled by our forces and eventually replaced by the currency that we all now hold. But the question here is for what value, though that may not be as important as the situation now is entirely different. This person is suggesting that a similar exchange be done now. Again at what value? And I think he has given us an insight into the value that he thinks the dinar should be. But I'm getting ahead of myself. 

To make the case for the value that this person is suggesting he points out that the U.S. Federal Reserve has worked with the CBI to create a strong monetary system which,"enjoys the trust of high exchange both internationally and locally". I don't think that we've heard that argument for the CBI before.

He then goes on to explain how that a," Fixed Exchange Rate", will increase cash flow, stimulate the economy OUT OF CRISIS, help the economy grow by encouraging exports and reducing inflation. But it is what he then said that really perked me up.

 the currency peg of the Iraqi dinar in US dollars means installing currency dinar price of a fixed exchange rate (fixed exchange-rate) and much of the world this practice is based

 I thought the dinar was already PEGGED to the dollar.  And why is he expressing so strongly that ,"MUCH OF THE WORLD", practice's this already. I think that the answers to my questions can be found in his very next statement.

Let's look at the currencies of every single country that this person used for his example of what the IQD peg should look like.

 

1 Saudi Riyal equals
0.27 US Dollar                
1 Jordanian Dinar equals
1.41 US Dollar
1 Omani Rial equals
2.60 US Dollar
1 United Arab Emirates Dirham equals
0.27 US Dollar
1 Bahraini Dinar equals
2.65 US Dollar
1 Qatari Rial equals
0.27 US Dollar
It seems clear that this person thinks that the IQD should fall somewhere between .27 cents to $2.65. And just for shiites and giggles I rounded them all out and got, .....................................................
 
 $1.245 And that would just about do everything that he said he wanted to achieve. 

 

 

 

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4 minutes ago, ladyGrace'sDaddy said:

OK, so we know that the Saddam Dinar was cancelled by our forces and eventually replaced by the currency that we all now hold. But the question here is for what value, though that may not be as important as the situation now is entirely different. This person is suggesting that a similar exchange be done now. Again at what value? And I think he has given us an insight into the value that he thinks the dinar should be. But I'm getting ahead of myself. 

To make the case for the value that this person is suggesting he points out that the U.S. Federal Reserve has worked with the CBI to create a strong monetary system which,"enjoys the trust of high exchange both internationally and locally". I don't think that we've heard that argument for the CBI before.

He then goes on to explain how that a," Fixed Exchange Rate", will increase cash flow, stimulate the economy OUT OF CRISIS, help the economy grow by encouraging exports and reducing inflation. But it is what he then said that really perked me up.

 the currency peg of the Iraqi dinar in US dollars means installing currency dinar price of a fixed exchange rate (fixed exchange-rate) and much of the world this practice is based

 I thought the dinar was already PEGGED to the dollar.  And why is he expressing so strongly that ,"MUCH OF THE WORLD", practice's this already. I think that the answers to my questions can be found in his very next statement.

Let's look at the currencies of every single country that this person used for his example of what the IQD peg should look like.

 

1 Saudi Riyal equals
0.27 US Dollar                
1 Jordanian Dinar equals
1.41 US Dollar
1 Omani Rial equals
2.60 US Dollar
1 United Arab Emirates Dirham equals
0.27 US Dollar
1 Bahraini Dinar equals
2.65 US Dollar
1 Qatari Rial equals
0.27 US Dollar
It seems clear that this person thinks that the IQD should fall somewhere between .27 cents to $2.65. And just for shiites and giggles I rounded them all out and got, .....................................................
 
 $1.245 And that would just about do everything that he said he wanted to achieve. 

 

 

 

ohhh i forgot

lgd buying beers at that rate

 

thanks 

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Here's An 'Enhanced' Version Of It ! ;)

:D     :D     :D

 

(by don961)

Iraqi monetary system enhanced the currency of a new dinars
Monday, October 31.2016
Mohammed Riad Hamza
 

It is unacceptable to keep the Iraqi dinar exchange rate against the US dollar and the currencies of industrialized capitalist countries and neighboring Arab countries is in the thousands. Valencod Iraqi dinar paper of the highest categories opens with four zeros paper ... the fifty thousand to 250 dinars aminimum

The reality of the dinar current trading segments of confusing disabled economic, commercial and service activities for all. For the Iraqi market , the level of the reality of the dinar in the evaluation of trade operations, and a single sentence, is far from accurate price, as well as in the evaluation of real estate ,buying and selling and lease, and banking facilities, and any trading assesses currency. Any deal large amounts of both ends need to fill categories of dinar bags for exchange between the seller and the buyer .oimkn see scenes of people carrying bags of dinar entrants to the banks or exchange houses or coming out of it. 

And make sure that the reality of the Iraqi dinar and Dialh value segments purchasing a catalyst for the crimes of counterfeiting. In countries where equal their exchange rate with the Iraqi currency Mbtalat rigging the currency, and the counterfeit currency from the devastating effects on inter macroeconomic components of any State.

And the dinar Iraqi Rolling currently Bocefarh and Dialh value cashed important role in the rise of goods and services and rising inflation rates. As transactions in the wholesale exclude small - value segments of the dinar. The addition of a few thousand dinars to deal Consumer goods , or long - lived, and circulation of marketing to another port and into the hands of consumers, the price of the commodity Tuwalia ballooning number of marketing outlets. The reason is Dialh purchasing power of the categories of small dinar that are excluded when evaluating the price of any commodity. 

On 27 August 2015 published (unit of economic studies links for Research and Strategic Studies Center) in his position on the Internet an important article included a reference to "that the Iraqi government may resort to editing dinar any (floated) something that will not solve the financial problem in the country, but would have a disastrous impact on the Iraqi citizen first class. on the other hand, the flotation is the port for speculators in the market to carry out money laundering and manipulation auction currency within the central bank. float currency Floating means Leave a currency floating rising exchange rate and declining reverse proportion to the cases of demand and supply in the market. and taking into account the level of emancipation of the national economy, and the adequacy of its performance, and flexibility of its production apparatus. It is the risk of this process as open the door to money laundering and diversion of corrupt money from the Iraqi dinar to currencies Free to smuggle them out. " the

survival of the purchasing power of the Iraqi dinar is weak seesaw at home and abroad are not supported with rampant financial corruption, the dinar conversion into other currencies smuggled abroad cause higher inflation. As to keep large amounts of Iraqi dinar in the market means inflation liquidity which makes it easier out more foreign currency from the country.  The solution is not to delete zeros or dinar floated, but substituting new Iraqi dinars and to link the rate of exchange in US dollars. Be issued any new Iraqi dinars equivalent to the dollar in the exchange rate of the dinar .oatkon per hundred fils and groups: one dinar, five dinars and ten dinars, and twenty dinars, and fifty dinars, and one hundred dinars. Minting coins from fils and five fils, ten fils fils twenty, and fifty fils, and one hundred fils. Thereby ensuring the stability of the monetary system and the elimination of the imbalance in the current system , which has allowed widespread corruption. 

As has been the abolition of the currency of the former regime after 2003 and replacing rolling dinar now, the current cancellation over a period of time and bring new dinar.
It is important that the Iraqi Central Bank assisted by experts from the"Council Federal reserve , " the US central bank in the Iraqi monetary system , the development of the currency enjoys the trust of the exchange of high locally and internationally.
Central banks play a major role in financial instruments control in all countries of the world, the most important tool in the hands of the Central Bank is the monetary policy, it is through an increase in cash flow (Liquidity) can stimulate the economy out of the state of economic crisis, or to help the economy grow by encouraging exports, reducing inflation

the currency peg of the Iraqi dinar in US dollars means installing currency dinar price of a fixed exchange rate (fixed exchange-rate) and much of the world this practice is based. There are 17 countries in the world have linked its currency to the US dollar. Including six Arab countries , namely Saudi Arabia, Jordan, Oman, the UAE, Bahrain and Qatar. 

To link the Iraqi dinar to the dollar has several advantages the most important of the ease of exchange rate policy between the currency of the country and the rest of the world currencies all, where monetary authorities determine the rate specified for the disbursement of the dinar to the dollar, through which the determined relationship management the rest of the dinar currency, goes up for these currencies with the rising dollar and decreases with Ankhvadh.mn other hand, the dollar peg helps relatively protect the national economy from inflation  as well as help link in the case of oil -producing countries to stabilize their revenues in local currency when the devaluation of the dollar. Vpferd the stability of the oil price decline, the global value of the dollar does not lead to a decline in oil revenues of Iraq Dinars.

It will be issuing new Iraqi dinars a way to expose corruption as it requires replacement traded currency is the new currency. At that expose shelve those billions and billions of the current Iraqi dinar and act in the framework of the weak monetary system and politicized the farthest thing from transparency. As can be the Iraqi Central Bank and commercial banks had placed before the deal could expose any abuses , money laundering and smuggling of the Popular currency abroad. 

The main reason behind the dollar peg is to maintain stability and increased confidence to deal with, and maintain a fixed exchange rate of the dinar rate would eliminate the so - called parallel market vowels (black market). This reinforces the confidence of investors and the stability of the monetary system and to maintain the purchasing power of consumers with limited income.

http://aliraqtimes.com/ar/page...../2016/link

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1 hour ago, ladyGrace'sDaddy said:

OK, so we know that the Saddam Dinar was cancelled by our forces and eventually replaced by the currency that we all now hold. But the question here is for what value, though that may not be as important as the situation now is entirely different. This person is suggesting that a similar exchange be done now. Again at what value? And I think he has given us an insight into the value that he thinks the dinar should be. But I'm getting ahead of myself. 

To make the case for the value that this person is suggesting he points out that the U.S. Federal Reserve has worked with the CBI to create a strong monetary system which,"enjoys the trust of high exchange both internationally and locally". I don't think that we've heard that argument for the CBI before.

He then goes on to explain how that a," Fixed Exchange Rate", will increase cash flow, stimulate the economy OUT OF CRISIS, help the economy grow by encouraging exports and reducing inflation. But it is what he then said that really perked me up.

 the currency peg of the Iraqi dinar in US dollars means installing currency dinar price of a fixed exchange rate (fixed exchange-rate) and much of the world this practice is based

 I thought the dinar was already PEGGED to the dollar.  And why is he expressing so strongly that ,"MUCH OF THE WORLD", practice's this already. I think that the answers to my questions can be found in his very next statement.

Let's look at the currencies of every single country that this person used for his example of what the IQD peg should look like.

 

1 Saudi Riyal equals
0.27 US Dollar                
1 Jordanian Dinar equals
1.41 US Dollar
1 Omani Rial equals
2.60 US Dollar
1 United Arab Emirates Dirham equals
0.27 US Dollar
1 Bahraini Dinar equals
2.65 US Dollar
1 Qatari Rial equals
0.27 US Dollar
It seems clear that this person thinks that the IQD should fall somewhere between .27 cents to $2.65. And just for shiites and giggles I rounded them all out and got, .....................................................
 
 $1.245 And that would just about do everything that he said he wanted to achieve. 

 

 

 

That is an Extremely good breakdown . But did they not say they wanted the strongest currency in the world ?

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10 hours ago, blueskyline said:

That is an Extremely good breakdown . But did they not say they wanted the strongest currency in the world ?

:lol: Heck! it's taken them over ten yrs just to get here. I wouldn't complained if they started there and took another ten to move up :lol:

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  • 2 weeks later...

Many articles stated in the past that the dinar would one day be the world's reserve currency. A friend just sent me a very good article about the GCC meeting and in that meeting they talked of the 5 essential things that needed to be accomplished ASAP, and one of those items was the UNIFIED GULF CURRENCY. Now put that with the article that Yota posted about the arab's coming to baghdad to open the arab arbitration council. To me i see iraq on the verge of joining the gcc. Just like the EU but with the 6 gulf countries, including iraq. I have to put this out there because it seems like since trump won, that with the articles from many iraqi's really loving it, that it makes one wonder if the u.s. really wasnt holding things up. What i mean by that is that for 4 years i have read about the gcc and their plans (so why arent they farther, they have good economies), and i got to thinking that we know obama and clinton were for globalization and that meant that we had to have democracies in the arab countries that were beholden to us. Thus you have Syria and libya , and Iraq. Obummer made a deal with Iran, because the u.s. wouldnt take on iran so they tried to stave them off while they did the dirty work on the remaining middle east countries. I think that they didnt want the GCC to succeed on their own terms, but on our terms because otherwise that would mean 6 or 7 countries that would be a powerhouse not beholden to us anymore. I think they were trying to set the agenda for the GCC because articles stated that the dollar would be in the basket of currencies in the GCC and have the "lions" share of the basket. That would get the dollar away from being a fiat currency and it would be backed by gold and natural resources, along with our own here. The article above seems to be an op ed piece and not one from any government official, but it does lend relevance to many past articles we used to read when shabbs was there. What i really do like about the article is that he disagrees with a float. I think everyone but Kap has realized a float is not in the cards and neither is a lop or a redenomination, because if that were the case they could have done that long ago and not had all the counterfeiting and smuggling of the dinar. It would have eased the number crunching years ago and also the citizens wouldnt have had to wheel barrow their money around. Just my 2 cents but heck only the good lord knows i guess. 

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