Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
Butifldrm

Central Bank: Deletes zeros still exist

Recommended Posts

5 hours ago, navira said:

6ly410, yes i did...we are going to see the light at the end of this....iam getting the champagnes chilled n ready again, bro..haha

There is always light at the end of every tunnel.. and yes there will be an end to this and there are lots of confusing news articles and they have said they are going to remove the zeros "but not right now" 

  • Upvote 2

Share this post


Link to post
Share on other sites

I’ve never seen so many articles about new currency/delete the zeros.   Ever.   

  • Upvote 12

Share this post


Link to post
Share on other sites
27 minutes ago, gregp said:

I’ve never seen so many articles about new currency/delete the zeros or so much excitement about it.   Ever.   

 

:backflip:       :backflip:       :backflip:

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

:rodeo:   :pirateship:

  • Like 1
  • Thanks 2
  • Upvote 5

Share this post


Link to post
Share on other sites

I agree there are a lot of articles.  It's funny that we are getting so much information and we are still guessing what they are going to do.  It's like they are watching us and saying" you almost have it figured out. We're just not going to tell you the one thing you need to know".  Those crazy  Iraqis.  Lol

  • Upvote 9

Share this post


Link to post
Share on other sites

Remember before the Big Bang 💥 We wiil see a lot of misinformation.

 

That's what we are seeing.

 

Go RV

Go $1:1

 

  • Upvote 15

Share this post


Link to post
Share on other sites
12 hours ago, 6ly410 said:

Haha .. right there with you buddy  🥂 

Just remember, the light at the end of the tunnel may be an oncoming train!

  • Haha 3
  • Upvote 4

Share this post


Link to post
Share on other sites
11 hours ago, Synopsis said:

 

Hard to say, DWS112, AND The Best Of Your Weekend To You!!! :tiphat:

 

My opinion, I believe there will be a misinformation campaign around the time of the event to keep everybody guessing and uncertain to prevent various degrees of aforementioned "fraud" noted in the recent Bicraqi Iraqi articles.

 

We'll just have to wait and see "SUDDENLY"!!!

 

In The Mean Time................................................

 

Go Moola Nova!

:pirateship:

That is exactly what I was going to post when I started reading this thread. Us old timers here have heard about the "Misinformation Campaign". Do not want people buying in before the RV and making a killing and costing the GOI/CBI big bucks.

 

 

  • Thanks 1
  • Upvote 5

Share this post


Link to post
Share on other sites
14 hours ago, ChuckFinley said:

That is exactly what I was going to post when I started reading this thread. Us old timers here have heard about the "Misinformation Campaign". Do not want people buying in before the RV and making a killing and costing the GOI/CBI big bucks.

 

 

 

For Sure, ChuckFinley, AND The Best Of The Rest Of Your Weekend AND Up Coming Week To You!!! :tiphat:

 

So, when news is the worst, the time is likely the best for "SUDDENLY"!!!

 

I am looking for some news seemingly like what we are looking for isn't going to happen. Then BOOM we are off to the races!!!

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

:rodeo:   :pirateship:

  • Upvote 6

Share this post


Link to post
Share on other sites
40 minutes ago, Synopsis said:

So, when news is the worst, the time is likely the best for "SUDDENLY"!!!

I vote for SUDDENLY, SOONLey! 

 

Thanks Synopsis..... enjoy what’s left of the weekend :) 

  • Thanks 1
  • Upvote 4

Share this post


Link to post
Share on other sites
1 hour ago, Synopsis said:

 

For Sure, ChuckFinley, AND The Best Of The Rest Of Your Weekend AND Up Coming Week To You!!! :tiphat:

 

So, when news is the worst, the time is likely the best for "SUDDENLY"!!!

 

I am looking for some news seemingly like what we are looking for isn't going to happen. Then BOOM we are off to the races!!!

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

:rodeo:   :pirateship:

I have this really surreal feeling about it all... I have been in this investment for so long and thought about different scenarious as to sell or keep or what I will do or want to do etc .and now in a few months it will be a possible reality which will bring different scenarios.. 

  • Thanks 3

Share this post


Link to post
Share on other sites

Months? I am thinking days myself .. I want to see those new lower notes/coins .. let’s go CBI

Edited by 6ly410
  • Upvote 8

Share this post


Link to post
Share on other sites
21 minutes ago, 6ly410 said:

Months? I am thinking days myself .. I want to see those new lower notes/coins .. let’s go CBI

I’m hoping “days” myself!!!👍🇺🇸

  • Thanks 1
  • Upvote 3

Share this post


Link to post
Share on other sites

6ly410, agree bro. CBI may will come out with lower notes this month...and hopefully with its purchasing power

  • Thanks 1
  • Upvote 2

Share this post


Link to post
Share on other sites
16 minutes ago, CSM (R) Thackrey said:

I’m hoping “days” myself!!!👍🇺🇸

 

15 minutes ago, navira said:

6ly410, agree bro. CBI may will come out with lower notes this month...and hopefully with its purchasing power

Cheers let’s go dinar 

Edited by 6ly410
  • Upvote 3

Share this post


Link to post
Share on other sites

AQI DINAR

 
  
 
 

Popular campaign to delete the name of the relations of the new currency

Popular campaign to delete the name of the relations of the new currency

October 15, 2018 – 10:25

Popular campaign to delete the name of the relations of the new currencySumer News:
Activists on social networking platforms (Facebook, Twitter, Instagram) have launched a campaign to remove the name of the central bank’s governor, Ali Al-Allaq, from the new currencythat has been put on the market latelyand has raised widespread objections.
The campaigners labeled the campaign “Bhaktak” as a “crackdown” campaign, and “delete the name of the governor” and called on citizens to participate in the campaign to delete the name of the links from the new edition of the Iraqi currency.

Campaign participants also published pictures showing 1,000 dinars in coins and the names were deleted by Tullin. Others also published videos showing how to write off without affecting the value of the currency.
Last Thursday, October 11, 2018, the new edition of the Iraqi currency with its various categories, named after the central bank governor Ali al-Alaq, circulated in the markets despite widespread objections.
The market witnessed trading of this currency despite the popular and parliamentary objections on the name of the relationship, the new edition.
The central bank announced earlier, the issuance of new editions of the Iraqi currency with different categories, with some changes to some of them and write the name of the governor of the Central Bank, which led to criticism at the level of the Iraqi street.
The central bank issued a clarification stating that “the banknotes in various countries contain the signature of the issuing authority, which is the governor of the Central Bank. The central banks have always put their signatures on their portfolios in different forms. Among them are those who put the name and signature of the governor, Without a name. ”

sumer.news

  • Thanks 4
  • Upvote 7

Share this post


Link to post
Share on other sites
1 hour ago, navira said:

Campaign participants also published pictures showing 1,000 dinars in coins and the names were deleted by Tullin

 

thanks navira, i find that interesting that they refer to the paper notes with bank governor name marked out as coins ( i have seen them refer to the paper as coin in the past ) and another article made a reference to metal coins , it seems this new currency can be referred to as coins unless lost in translation ..... 

 

30445.jpg?watermark=w4

  • Upvote 3

Share this post


Link to post
Share on other sites

Maybe this has been already answered, but if they remove 3 0’s from the currency, wouldn’t that decrease the worth of the currency you’ve already acquired? In other words, you have $10,000,000 Iraqi Dinars and by removing 3 0’s, it’s now $10,000, which will decrease your gain by 1000%. Correct? Or am I wrong in my thinking.

  • Upvote 1

Share this post


Link to post
Share on other sites
8 minutes ago, Ronchevy said:

Maybe this has been already answered, but if they remove 3 0’s from the currency, wouldn’t that decrease the worth of the currency you’ve already acquired? In other words, you have $10,000,000 Iraqi Dinars and by removing 3 0’s, it’s now $10,000, which will decrease your gain by 1000%. Correct? Or am I wrong in my thinking.

 

If what I am reading from your post is correct, then your describing a LOP which some people believe in. I highly doubt that this will occur, but that what we will see is a removal of three zeros from the current rate which fluctuates around .00086 at the moment.

By doing this we would have a rate of .86 -1 Dinar but in some cases is calculated as $ 1.18 to 1 Dinar. by different folks here.

 

This very topic  has been flogged to death here on the site so I suggest do a little reading and your sure to find numerous explanations on this very same thing.

 

  Hope this helps.

 

   pp

  • Like 3
  • Thanks 4
  • Upvote 6

Share this post


Link to post
Share on other sites

I actually was thinking about this subject last week, and the debate its held for soooooo many years. I just feel if they were going to delete the zeros (What some call a LOP), dont you think they would have done that already? If it would make it where our trade in value would not be very much at all. I think they would have already unleashed that one. If they do it now, its just going to add insult waiting alllll these years for a RV and alot of people and countries would be pissed!!! Just my 2-cents.

  • Thanks 2
  • Upvote 2

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.



  • Similar Content

    • By boomer113189
      1 - 29 - 2014
      Exchange rate 1000 old to 1 new
      Current Currency
      After Deletion of three zeros
      aka Redenomination
       
       
      No Millionaires Will be made by holding onto the old currency that will get Redenominated
       
      A rupiah redenomination bill is currently being sought by the Indonesian government and it is asking the House of Representatives to start the legislation process for the bill next year.
      The redenomination is an attempt to simplify currency transactions by replacing the currency with a new one. In the past, officials have mooted the idea of removing three zeros from the rupiah. For example, a Rp 1,000 note would become simply Rp 1.
      Finance Minister Agus Martowardojo conveyed the plan to House Deputy Speaker Anis Matta on Friday, according to Ignatius Mulyono, chairman of the House’s legislation committee.
      “The House accepted the government’s plans,” Ignatius said. “We are now awaiting the draft to be submitted to the House.”
      Ignatius said that the House would discuss whether the redenomination bill could be included in the 2013 national legislation program — a list of bills that the House targets to ratify during a year.
      An academic study of the bill, Ignatius said, has been completed. “With the redenomination, transactions would be simpler and faster,” he said.
      Bank Indonesia has introduced higher-denomination bills five times since 1964 because of inflation. That makes current daily transactions often run into the millions of rupiah.
      The Rp 100,000 ($10.43) note is now the second-highest denomination banknote in the region after Vietnam’s 500,000 dong note.
      There are concerns, however, that the proposal could devalue the currency. But Ignatius said that the House would ensure that the government would conduct intensive socialization programs for the public should the bill be passed.
      Agus said that the government and Bank Indonesia had coordinated closely to transform the redenomination idea into a workable plan.
      He also added that any redenomination process would take anywhere from five to 10 years to complete.
      One of the likely consequences of a redenomination is marked prevalence in the use of coins because they are worth smaller denominations.
       
      http://goo.gl/BSO3mW
    • By boomer113189
      1 - 24 - 2014
       

      TEMPO.CO, Jakarta - Center for Strategic and International’s economist Haryo Aswicahyono, said currency redenomination should be done after general elections where the public psychological condition is relatively stable to prevent politicalization.
      "The current situation is unstable. If the people are panic because of redenomination, banks may be affected," Haryo said yesterday. According to him, most people have not understood about redenomination and often mistaken it with sanering (slashing of currency's value).
      Bank Indonesia (BI)'s governor Agus Martowardojo previously said redenomination needs economic and political stability. One of the influencing factors of national economy is the fluctuating global and domestic conditions and last year's current account deficit.
      According to BI's deputy of payment system, Ronald Waas, although the economy is unstable, redenomination must be done. The House of Representatives (DPR) has established a special committee and the central bank has informed the public about redenomination.
      The government has planned to implement redenomination policy by removing the last three digits in rupiah. Redenomination bill has been submitted to the DPR and is expected to become law this year.
      Redenomination has been said to need seven years of preparation which includes printing, designing, distribution, socialization and education. "Our country is big. Preparation and committment from all sides are needed," Ronald said.
       
      http://goo.gl/3BVGyA
    • By boomer113189
      1 - 16 - 2014
       
      Bank Indonesia (BI) Governor Agus Martowardojo has said a stable economy is the key to the successful implementation of the redenomination that will replace Rp 1,000 of the old currency with the new Rp 1.

      “We want to make sure that the redenomination will be successful, but one of the keys is that it takes place when the country’s economy is stable and in good condition,” he said in Jakarta on Thursday, as quoted by Antara news agency.

      Agus said that in 2013, domestic economic growth was corrected and the impacts of global fluctuations could still be felt in 2014.

      “The US Federal Reserve’s monetary stimulus has been reduced while domestically, the inflation rate in 2013 has increased, exceeding the targets expected,” said Agus.

      Moreover, he said, Indonesia’s current account was predicted to remain at a deficit of 3.5 percent until the end of 2013 and the weakening of rupiah exchange rate was still a challenge for the country’s economy this year.

      “To ensure the redenomination’s targets can be achieved, it would be better that we don’t push ourselves to implement this in a less than proper situation,” said Agus.

      Similarly, Deputy BI Governor Ronald Waas said one of requirements for the implementation of the redenomination was the stable economy and political situation.

      “The current economic situation is less conducive to implementing the redenomination,” said Ronald, while mentioning the redenomination plan would still continue.

      “The President’s directives must go on. The House of Representatives has established a special committee while public discussions have taken place,” he added.
       
      http://goo.gl/3lrDAE
×

Important Information

By using this site, you agree to our Terms of Use.