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

[ChuckFinley]

7 hours ago, Floridian said:

Alak, who just got the "best banker" award, says they will delete 3 zeros from the currency and the value will not be affected.  I believe him.  He is talking to Iraqis in the news articles.

Here's my take:

 

Delete 3 zeros from the currency.

Introduce lower denoms.

25,000 = 25 (People can use either note because they are both worth 25)

No confusion for the population, as they are used to spending dollars.

 

There will be no deletion of zeros from the nominal rate.  (Sorry, Tlar.)

 

Then, the CBI will change the exchange rate and make it whatever they deem the correct exchange rate should be.

 

The problem for us is in whether or not they delete 3 zeros from the currency we're holding, or if they let us exchange our currency with the zeros still in effect.

My theory on that is that we will be able to exchange with the zeros still in effect if Trump has anything to say about it,  because I believe the US Treasury has a few trillion dinar and that would pay off the debt that Obama left us with.

 

The above is in my opinion only.

 

 

I think we will be in good shape, old notes and new living side by side for a few years. 

[ChuckFinley]

27 minutes ago, Floridian said:

 

I have no proof, but there was a NY Times article years ago that said during the Iraqi War we flew tons of money over there.

Lots of people felt we got "worthless" dinar in return that would someday be worth a fortune.  

Remember when Bush said the Iraq War wouldn't cost us anything?  Many people felt that's what he meant.

I'll see if I can find the article.

I remember that article. That is why I am a believer that we are in good shape. 

[ChuckFinley]

24 minutes ago, Floridian said:

 

Here's the article:

 

https://www.nytimes.com/2007/02/27/opinion/27taylor.html

 

Had to Green Emerald you to counter the Red Baron.  Hang tough my friend. 

[Floridian]

24 minutes ago, Floridian said:

 

Here's the article:

 

https://www.nytimes.com/2007/02/27/opinion/27taylor.html

 

 

Here's my favorite line from the article, knowing that now, it's 15 years later. Yes, let's not have it appreciate too much!   😂

 

"Because the new Iraqi dinar was so popular, the central bank bought billions of United States dollars to keep it from appreciating too much."

[Floridian]

5 minutes ago, ChuckFinley said:

I think we will be in good shape, old notes and new living side by side for a few years. 

 

Chuck they are talking about the 2003 and 2013 dinar notes.

 

http://ina.iq/eng/2018/04/01/the-iraqi-circulatd-banknotes/

 

The Iraqi Circulated Banknotes

 

Last updated Apr 9, 2018

 

INA – Baghdad

 

In 2013 the Central Bank of Iraq has upgraded the circulated banknotes the series of 2003 which included graphic design and technical characters apart from the denomination of (50) dinar which has been withdrawn from circulation since 1st May 2015.

 

In 2013 the Central Bank of Iraq has upgraded the circulated banknotes the series of 2003…..

 

The two series will remain legal tender alongside in circulation until the old are naturally worn out.

[Synopsis]

1 hour ago, Floridian said:

Just stating my opinion.  Am I not allowed to have an opinion and post it, like everyone else?

How about we just wait and see what happens instead of you being the nastiest person on this dinar board and shooting off your mouth every time I post?

 

Hey, Floridian, don’t let Your under garments get all in a twist for any Red Ruby Citations for “Display Of Intellectual Speed And Power”. I would choose to think of them as Badges Of Honor. Maybe You could, too!!!

 

 

I gave You a bunch of Emeralds. I hope You don’t mind!!! 

 

Anyway, I appreciate what You bring to the table here at DinarVets, Floridian, AND The Best Of Your Weekend To You!!!

 

 

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

 

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

   

[Floridian]

7 minutes ago, Synopsis said:

 

Hey, Floridian, don’t let Your under garments get all in a twist for any Red Ruby Citations for “Display Of Intellectual Speed And Power”. I would choose to think of them as Badges Of Honor. Maybe You could, too!!!

 

 

I gave You a bunch of Emeralds. I hope You don’t mind!!! 

 

Anyway, I appreciate what You bring to the table here at DinarVets, Floridian, AND The Best Of Your Weekend To You!!!

 

 

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

 

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

   

 

Thank you, Synopsis.  I sure appreciate what you bring to the table, too.  😊

This I like:

"Red Ruby Citations for “Display Of Intellectual Speed And Power”.   LOL LOL

[Synopsis]

23 minutes ago, Floridian said:

 

Thank you, Synopsis.  I sure appreciate what you bring to the table, too.  😊

This I like:

"Red Ruby Citations for “Display Of Intellectual Speed And Power”.   LOL LOL

 

Hey, Floridian, I have been giving You emeralds. I hope You don’t mind!!! 

[Floridian]

12 minutes ago, Synopsis said:

 

Hey, Floridian, I have been giving You emeralds. I hope You don’t mind!!! 

 

No, no.  I don't mind at all.

Have at it!   😂

[VIZIOIRAQI]

Well it's been four months since this article broke out and I'm just now getting excited about it  Can we say Fiscal Year RV Olay , it will soonly be the Post RV!

 

[Freedomwish]

On 8/6/2018 at 9:32 AM, VIZIOIRAQI said:

Well it's been four months since this article broke out and I'm just now getting excited about it  Can we say Fiscal Year RV Olay , it will soonly be the Post RV!

 

 

Please, please, please, please, please, PLEEEEEEEEEAAAASE!!! 

[WheresmyRV?]

On 8/6/2018 at 9:32 AM, VIZIOIRAQI said:

Well it's been four months since this article broke out and I'm just now getting excited about it  Can we say Fiscal Year RV Olay , it will soonly be the Post RV!

 

I'm praying too!

[markb57]

I don't think it is calendar year

 

[Half Crazy Runner]

11 hours ago, Botzwana said:

When is the fiscal year?

 

I’ve asked this question in previous years, and each time I get a variety of different answers. It’s either January, June, or some say October...  

[danielchu]

oct 1st

[SocalDinar]

Iraq uses calendar year 

[DinarThug]

16 minutes ago, SocalDinar said:

Iraq uses calendar year 

 

Their Currency Uses Once A Millennial Years ! 

     

[NoviceInvestor]

Whatever calendar  they use I am past believing they are going to delete any zeros anytime soon.

Edited August 23, 2018 by NoviceInvestor

[gregp]

On 6/29/2018 at 6:41 PM, Floridian said:

 

Here's the article:

 

https://www.nytimes.com/2007/02/27/opinion/27taylor.html

 

 

Great find. Thanks.

[gregp]

7 hours ago, SocalDinar said:

Iraq uses calendar year 

 

Iraq uses the NEVER CALENDAR.  

[Half Crazy Runner]

On 6/29/2018 at 7:41 PM, Floridian said:

 

Here's the article:

 

https://www.nytimes.com/2007/02/27/opinion/27taylor.html

 

 

Thanks Floridian!

 

This part made me laugh ..

 

”Treasury Secretary John Snow opened the presentation with a series of slides.”

 

All I could think of was,  You know nothing John Snow 😆

 

[1bokeman]

On 4/3/2018 at 3:42 AM, Botzwana said:

Me 2

[betsy1949]

On 6/29/2018 at 6:02 PM, Floridian said:

 

I have asked him before to put me on ignore if he doesn't like what I post, but instead he keeps trolling me.

 

maybe check with the monitors; that could be very annoying.

[ChuckFinley]

On 8/22/2018 at 10:57 PM, SocalDinar said:

Iraq uses calendar year 

Groundhog Day year around.

[blueskyline]

http://almasalah.com/ar/news/152756/البنك-المركزي-حذف-الاصفار-ما-زال-قائما.....could not copy