Uckiller Posted August 20, 2019 Report Share Posted August 20, 2019 From 1996 - 2003 Increased from 3000 to 1200 So imagine from 2003 - 2019? Easily 1:1 1 6 Link to comment Share on other sites More sharing options...
zul Posted August 20, 2019 Report Share Posted August 20, 2019 On 8/19/2019 at 7:50 PM, yota691 said: The parliamentary Finance Committee, on Monday, the existence of a proposal to reintroduce the currency that was used in the country during the past decades. So that's the triggers....../ Been wondering why all of a sudden they have all these interest/news about the reintroduction & re-work of coins. 4 1 8 Link to comment Share on other sites More sharing options...
Carrello Posted August 20, 2019 Report Share Posted August 20, 2019 Thank you for your comments, Zul. Yes, I have been "wondering" too! Ol'e 3 5 Link to comment Share on other sites More sharing options...
southbeach Posted August 20, 2019 Report Share Posted August 20, 2019 1 hour ago, Carrello said: Thank you for your comments, Zul. Yes, I have been "wondering" too! Ol'e Yes, Zul, love your stuff. 2 2 1 Link to comment Share on other sites More sharing options...
kwg Posted August 20, 2019 Report Share Posted August 20, 2019 Ya what Zul said nice post!!!! 2 3 Link to comment Share on other sites More sharing options...
Rhona Posted August 20, 2019 Report Share Posted August 20, 2019 Love your posts Zul 3 1 Link to comment Share on other sites More sharing options...
zul Posted August 20, 2019 Report Share Posted August 20, 2019 9 hours ago, Carrello said: Thank you for your comments, Zul. Yes, I have been "wondering" too! Ol'e Haha Carrello.... but now its time do dance.... 😛 4 1 3 Link to comment Share on other sites More sharing options...
zul Posted August 20, 2019 Report Share Posted August 20, 2019 8 hours ago, southbeach said: Yes, Zul, love your stuff. TQ SB / the good stuff are already in the news, I just break them down.... Hope this news will take us to where we should already be. 8 2 2 Link to comment Share on other sites More sharing options...
zul Posted August 20, 2019 Report Share Posted August 20, 2019 3 hours ago, Rhona said: Love your posts Zul Rhona & @kwg ~ 🍹. TQ guys. Love... 1 2 Link to comment Share on other sites More sharing options...
screwball Posted August 21, 2019 Report Share Posted August 21, 2019 This is old but what’s interesting? https://www.iraqinews.com/business-iraqi-dinar/iraqi-dinar-3-zeros-canceled-by-central-bank-of-iraq-cbi/ The Iraqi dinar will have 3 zeros canceled by the Central Bank of Iraq according to Finance Commissioner, MP Abdul Hussein al-Yassiri. MP al-Yassiri told Iraqi News that “it is supposed that this year will witness necessary preparations to cancel three zeros from the currency”. He added that his commission supports such move for its importance to the Iraqi economy. The Central Bank of Iraq, earlier, announced that cancelling the zeros is within a plan to develop monetary policies in the country. One of the difficulties facing is Iraq is withdrawing 30 trillion Iraqi dinars from Iraq’s market at the present time and to replacing it with new currency. Earlier, the ministry of finance ruled out the idea of cancelling the zeros in 2013 because the federal budget was based on the current currency. so back in 2013 when they were talking about deleting zeros if you remember they also talked abiut a supplementary budget, this budget contained reconstruction and social welfare! So why is it important now? Because haven’t they combined the two? So does this mean the new budget to voted on in September is based upon the zeros removed? 6 Link to comment Share on other sites More sharing options...
DinarThug Posted August 21, 2019 Report Share Posted August 21, 2019 zul Senior Member Members The Zul Luv Is Thick In This Thread ! 3 Link to comment Share on other sites More sharing options...
zul Posted August 21, 2019 Report Share Posted August 21, 2019 5 minutes ago, DinarThug said: zul Senior Member Members The Zul Luv Is Thick In This Thread ! 😂😊 2 Link to comment Share on other sites More sharing options...
zul Posted August 21, 2019 Report Share Posted August 21, 2019 (edited) 39 minutes ago, screwball said: so back in 2013 when they were talking about deleting zeros if you remember they also talked abiut a supplementary budget, this budget contained reconstruction and social welfare! So why is it important now? Because haven’t they combined the two? So does this mean the new budget to voted on in September is based upon the zeros removed? love it..../~ well it certainly will be 'something totally different' from all their previous budgets. *their words* Git up! Edited August 21, 2019 by zul . 3 2 Link to comment Share on other sites More sharing options...
DinarThug Posted August 21, 2019 Report Share Posted August 21, 2019 9 hours ago, DinarThug said: The Zul Luv Is Thick In This Thread ! Go ‘Big’ Or Go Home ! 'Big' (1988) by Penny Marshall 3 1 Link to comment Share on other sites More sharing options...
Artitech Posted August 21, 2019 Report Share Posted August 21, 2019 1 hour ago, DinarThug said: Go ‘Big’ Or Go Home ! 'Big' (1988) by Penny Marshall I seen that thing in California last year and yes I did put money into it!👁 3 1 Link to comment Share on other sites More sharing options...
DinarThug Posted August 21, 2019 Report Share Posted August 21, 2019 9 minutes ago, Artitech said: I seen that thing in California last year and yes I did put money into it!👁 The ‘Liberty Mutual’ Booth ? Liberty Mutual’s “Zoltar” 2 Link to comment Share on other sites More sharing options...
Mary B Posted August 21, 2019 Report Share Posted August 21, 2019 What's the use of coins at the moment .. Economy | 08:10 - 20/08/2019 BAGHDAD - Mawazine News commented member of the Iraqi Economic Council Sadiq al - Mashat, on the statements of the Parliamentary Finance Committee on the Iraqi government 's quest to re - work coins. Al-Mashat said in a statement received (Mawazine News) a copy, that "the Iraqi government going at the moment to re-work coins is not positive because the financial developments in most countries of the world go to electronic currencies," indicating that "the work of electronic currencies in Iraq has been in great demand during Past few years. " He added: "More useful to the state is to reduce the use of currencies in general and urged the Iraqi consumer to pay electronically," indicating that "this measure provides the state the value of minting coins and the value of printing paper currency." Al-Mashat called through the statement to "the importance of working in electronic currency rather than return to cash and metal," noting that "electronic currency can include small cash categories from one fils to one dinar and thus numbers upward for small cash categories." Al-Mashat said, "The banknotes will disappear after 30 years because of the high demand for electronic currency." The "Finance Committee in the Iraqi Council of Representatives announced on Monday (19-August-2019) the" government direction to reinstate the currency and delete zeros from paper currency in order to strengthen the national economy. " https://www.mawazin.net/Details.aspx?jimare=61023 2 Link to comment Share on other sites More sharing options...
haymon Posted August 21, 2019 Report Share Posted August 21, 2019 My kids dont use money, why have coins. Maybe to help old folks transition.. Link to comment Share on other sites More sharing options...
bkeiller Posted August 21, 2019 Report Share Posted August 21, 2019 When the coins are minted, we will be too. 1 Link to comment Share on other sites More sharing options...
Carrello Posted August 21, 2019 Report Share Posted August 21, 2019 "... "electronic currency can include small cash categories from one fils to one dinar and thus numbers upward for small cash categories." Love to see them talk about "one fil." Electronic currency is the way of the future, but right now there are portions of Iraq that don't have banks, ATMs, or electricity to use any type of swipe machine. Farmers and goat herders in distance areas of Iraq will continue to be traders, whether it be in chickens for corn, or chickens for dinar. They also trade at distant border areas with neighbors that aren't necesarily Iraqis and don't have compatible payment systems or electricity, so there is a need for paper currency and coins for now. One thing I have learned about Iraq after 10 or so years in this investment, is that when they talk about doing many things (minting coins) they have already done it, as the article Butifldrm posted indicated. 2 5 10 Link to comment Share on other sites More sharing options...
yota691 Posted August 21, 2019 Report Share Posted August 21, 2019 On 8/19/2019 at 6:43 AM, Theos said: Not sure how coins will help without an RV??? Fils is what Stabstones stated.. On 8/19/2019 at 7:05 AM, Stabstones said: Buying power.. 😎😝🤤😝 Purchasing Power... 1 3 2 Link to comment Share on other sites More sharing options...
Half Crazy Runner Posted August 21, 2019 Report Share Posted August 21, 2019 8 hours ago, Artitech said: I seen that thing in California last year and yes I did put money into it!👁 Did you wish for the dinars to RV ..? 👍🏻😁 💰 1 1 Link to comment Share on other sites More sharing options...
Synopsis Posted August 21, 2019 Report Share Posted August 21, 2019 2 hours ago, Carrello said: One thing I have learned about Iraq after 10 or so years in this investment, is that when they talk about doing many things (minting coins) they have already done it, as the article Butifldrm posted indicated. I Agree, Carrello, AND The Very Best Of The Rest Of Your Week AND Up Coming Weekend To You!!! Settling on the designs of the coins (fils, dinar) AND paper would take time AND then printing the proper quantities would also take time. In 2003/2004 THEE Bicraqi Iraqi Dinar 25, 50, AND 100 coins were issued but withdrawn since the metal was worth more than the value of the category for purchases AND taken out of circulation BY melting down AND selling FOR A "higher" "price". MY (NOTE: MY) opinion is ENTIRELY new coinage AND 50 Bicraqi Iraqi Dinar REDESIGNED notes WILL have to be issued on ReInstatement of THEE Bicraqi Iraqi Dinar INTERNATIONALLY AND RELEASE OF THEE LOWER DENOMINATIONS for "consumer" "confidence" AND "eliminate" "past" "counterfeit" "quantities". ADDED, THEE INTERNATIONAL Organizations such as THEE Whirled Bank AND IMF HAVE "openly" "encouraged" THEE Bicraqi Iraqi to IMPLEMENT. SO, I suspect THEE Whirled Bank AND IMF KNOW THEE NON "counterfeited" LOWER DENOMINATIONS ARE READY FOR ISSUE. LASTLY, "public" "education" IS "ensuing"!!! In The Mean Time..................................................................................... The "Standard" "Disclaimer" Applies....................................................... AND (of course)....................................................................................... Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!! 1 1 3 Link to comment Share on other sites More sharing options...
keylime Posted August 21, 2019 Report Share Posted August 21, 2019 This needs to be a Headline. 'government direction to REINSTATE the currency and delete zeros from paper currency in order to strengthen the national economy. "' And one more time for the Coup de Ville... "REINSTATE" The man said! i like it!!!! 3 5 8 Link to comment Share on other sites More sharing options...
southbeach Posted August 21, 2019 Report Share Posted August 21, 2019 WOW, You opened that right up friend! 1 1 3 Link to comment Share on other sites More sharing options...
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