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Parliamentary finance identifies a reason why coins should not be minted and advises such a move


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11 minutes ago, navira said:

Those two will not lop

Not a big  chance but when stating remove the zeros from the notes, thats a LOP.

instead of 1000000 they thinking to reduce it to 1000

So, thats like saying water is falling from the sky but its not raining 😆

 
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Hey bro, do u remember this from last year ago? The revaluation of the Iraqi dinar is ready to be implemented by the country's Central Bank; however, the Parliamentary Economic and Investment Commission has decided to postpone the revaluation to 2019."   

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2 minutes ago, navira said:

Hey bro, do u remember this from last year ago? The revaluation of the Iraqi dinar is ready to be implemented by the country's Central Bank; however, the Parliamentary Economic and Investment Commission has decided to postpone the revaluation to 2019."   

Uhhh

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1 minute ago, navira said:

Hey bro, do u remember this from last year ago? The revaluation of the Iraqi dinar is ready to be implemented by the country's Central Bank; however, the Parliamentary Economic and Investment Commission has decided to postpone the revaluation to 2019."   

Exciting times bro 

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Yes, good thing.  Irans central bank is going to lop their currency.  Iran rial is currently 1US$= 40,000  rial.  It is part of the Iraq central bank education program telling the public the difference between Iraq’s revaluation and Iran’s lop.  Iran is removing the zeros off of the printed currency with no change in value.  
  It does not say what the reevaluation of the Iraqi dinar is going to be.  It does clearly state the difference between the two countries and what they intend to do with their currency.  

   It is and will be legal for the Iraqi Citizen to trade dinar and riel with Iran.   The new currency of both countries is going to make it very confusing for the public.   This is part of the public education presented by the central bank of Iraq.

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40 minutes ago, OMEGA3 said:

It is and will be legal for the Iraqi Citizen to trade dinar and riel with Iran.   The new currency of both countries is going to make it very confusing for the public.   This is part of the public education presented by the central bank of Iraq.

 

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Edited by 6ly410
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5 hours ago, jg1 said:

I dont mind waiting and hearing real news. Its just the fake news and guroo poo that is mixed in that pisses me off. Someone lies to me, this person is a liar and a cheat and a thief. So how this allowed to continue is concerning to me. Im not selling! I believe we have a better chance of retiring with the dinar than with social security. 

Ain't that the truth!

I believe. I believe!

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12 hours ago, OMEGA3 said:

Yes, good thing.  Irans central bank is going to lop their currency.  Iran rial is currently 1US$= 40,000  rial.  It is part of the Iraq central bank education program telling the public the difference between Iraq’s revaluation and Iran’s lop.  Iran is removing the zeros off of the printed currency with no change in value.  
  It does not say what the reevaluation of the Iraqi dinar is going to be.  It does clearly state the difference between the two countries and what they intend to do with their currency.  

   It is and will be legal for the Iraqi Citizen to trade dinar and riel with Iran.   The new currency of both countries is going to make it very confusing for the public.   This is part of the public education presented by the central bank of Iraq.

Well see...time will tell

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20 hours ago, navira said:

Hey bro, do u remember this from last year ago? The revaluation of the Iraqi dinar is ready to be implemented by the country's Central Bank; however, the Parliamentary Economic and Investment Commission has decided to postpone the revaluation to 2019."   

Do you have a link regarding this? Thanks

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  • 2 weeks later...

The revaluation of the Iraqi dinar is ready to be implemented by the country's Central Bank; however, the Parliamentary Economic and Investment Commission has decided to postpone the revaluation to 2019. The plan is to eliminate zeros from the value of the Iraqi currency, allowing the dinar to gain value on the global market.

 

For The Dinar and The Rial, these currency are the notes.  Only the highest "notes" denominations' will be effected, simply put; one must read to learn anything.  Every RV in the modern history of paper currencies have done it this way.   No zeros will be removed otherwise but from the notes or bills if you prefer.  And one may visit Wikipedia to see what Notes are used for each country.....Anything else is wallpaper.

The snip-it at the top fully explains it completely. 

The good news is there is more time to purchase smaller denominations.

The bad news is that higher notes will lose much of their value.

& The ugly news is that many will lose by not covering all of their bases.

WHA WHA WHAAA

 

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  • 2 weeks later...

CBI: Project deletion of zeros from the currency still exists - January 30,  2019

Snqte.jpg

 

The Central Bank of Iraq that the project to delete zeros from the Iraqi currency is still standing.
 
The director of the issuance and cabinets Abdul Karim Hassan Shannon that the project to delete the zeros was supposed to start in 2014, but security events and the control of the state regulation on five provinces led to delay, pointing out that the project is to delete three zeros from the current currency with the introduction of large currencies and currencies Metal.
 
Shannon confirmed that the current cash volume in the markets is large at 44 trillion dinars.

 

(sorry, wish there was more info) -DW

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  • yota691 changed the title to Parliamentary finance identifies a reason why coins should not be minted and advises such a move
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