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


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2 minutes ago, Synopsis said:

 

Yep!!! THAT is Why I Jumped In THIS Speculative Bicraqi Iraqi Dinar Investment, Floridian, AND All The Best To You!!! :tiphat:

 

I believe THAT for the reasons noted. In my opinion, there are multiple facets in and out of Iraq that are interconnected yet seemingly random. For one thing, countries likely would not be all that interested in Bicraqi Iraqi Dinar for THEIR reserves if not ReInstated or ReValued significantly!!!

 

Go Moola Nova!

:pirateship:

 

Well, okay, but I can't wrap my head around it.  It's so unfair to those poor people who have already been glued, screwed and tattooed.  

That would be the final insult, for them to have thousands while we make millions from their currency.

 

I'll stick with my idea that we will get 10 cents and each million dinar will be worth $100,000, and not $1,000,000.  Not that I would turn down a million if it were to happen that way - but I just don't think it's possible.

 

I remember years ago, Ali from Dinar Trade said the RV would be 10 cents.  Adam thinks it will be 10 cents.  And finally, the airport information in Iraq says you can only take 100,000 dinar out of the country.  THAT also equates to a 10 cent RV.

 

Whatever it winds up to be, I'll be happy with the profit and glad to be finished following the every move of Iraq and it's currency.

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1 minute ago, Floridian said:

 

Well, okay, but I can't wrap my head around it.  It's so unfair to those poor people who have already been glued, screwed and tattooed.  

That would be the final insult, for them to have thousands while we make millions from their currency.

 

I'll stick with my idea that we will get 10 cents and each million dinar will be worth $100,000, and not $1,000,000.  Not that I would turn down a million if it were to happen that way - but I just don't think it's possible.

 

I remember years ago, Ali from Dinar Trade said the RV would be 10 cents.  Adam thinks it will be 10 cents.  And finally, the airport information in Iraq says you can only take 100,000 dinar out of the country.  THAT also equates to a 10 cent RV.

 

Whatever it winds up to be, I'll be happy with the profit and glad to be finished following the every move of Iraq and it's currency.

 

I'll take .10 cents all day long and be happier than heck.. ;)

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10 minutes ago, mylilpony said:

 

Floridian i just have to ask you this....If this currency is not going to have any real value outside  their country, then why does iran want their currency and why does syria want the dinar and why does russia want the dinar, etc.? Why do they need security when it comes time to bring out the new currency if its just going to be a no changer for them? Why didnt they do this along time ago if its just going to be a neutral event? Im not trying to be a wise cracker in any sense, i just wanted to give you some more to think about. I have read many many articles in the past where they specifically state that they know that people outside of iraq are holding their currency to make a profit. They are well aware of all of us... ;)

 

Why do so many people feel that I think it will be a "neutral event" (LOP)?  I have said a million times over, that I never thought it would LOP, or I would not be here for 8 years wasting my time.  I guess I just don't express myself clearly.  

 

I think, as I stated above, that we will get $100,000 per million dinar.

 

P.S.  I believe we will all find out soon enough exactly how much we will get.

Edited by Floridian
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Just now, Floridian said:

 

Well, okay, but I can't wrap my head around it.  It's so unfair to those poor people who have already been glued, screwed and tattooed.  

That would be the final insult, for them to have thousands while we make millions from their currency.

 

I'll stick with my idea that we will get 10 cents and each million dinar will be worth $100,000, and not $1,000,000.  Not that I would turn down a million if it were to happen that way - but I just don't think it's possible.

 

I remember years ago, Ali from Dinar Trade said the RV would be 10 cents.  Adam thinks it will be 10 cents.  And finally, the airport information in Iraq says you can only take 100,000 dinar out of the country.  THAT also equates to a 10 cent RV.

 

Whatever it winds up to be, I'll be happy with the profit and glad to be finished following the every move of Iraq and it's currency.

 

:twothumbs: Floridian, AND I Am About To Give MY Thinker A Rest!!! :tiphat:

 

Who knows?

 

Really?

 

Even at 1 Bicraqi Dinar = 0.10 USD, THERE'S MONAE' TO BE HAD!!!

 

I think the fractional banking in a variety of different ways and applications will have ASTRONOMICAL Benefit inside and outside Iraq.

 

So, we wait and see what plays out.

 

I plan on staying glued when things start to move to see how things play out. Adam Montana AND Affiliates likely have to wait and see, too, for the elements to come to view (what and why things happened for the change in value).

 

Maybe the first cheese is the ONLY cheese so have to get after it. I think there could be a couple batches of cheese. So, I plan to exchange only some of what I have initially and see how things change over time.

 

FOMO (Fear Of Missing Out) is a REALLY, REALLY BAD THING!!! So, just some straight forward decisions are best. Each person will have to think about and choose their own plan of action.

 

Well, OK, I AM NOT an economist, psychologist, sociologist, marriage counselor, financial planner, investment whiz, OR whatever so maybe take what I say with the proverbial grain of salt.

 

Time to give the Thinker a Rest. See You All Tomorrow!!! :twothumbs:

 

Go Moola Nova!

:pirateship:

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2 minutes ago, Uckiller said:

Goog job everyone...

In my opinion the elites has been anticipate this event

How?

U see at crypto...

Btc..without anything backup raise till nearly 20000usd/btc...

Still.. without any funnymental..

5000usd/btc

 

BTC is driven down by Wall Street, giving all the big money a chance to get in cheaply.  As soon as Wall Street accomplishes their plans, BTC will be going up again, "bigly".  LOL

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1 minute ago, Synopsis said:

 

Maybe the first cheese is the ONLY cheese so have to get after it. I think there could be a couple batches of cheese. So, I plan to exchange only some of what I have initially and see how things change over time.

 

 

That is entirely possible!  😊

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23 minutes ago, Floridian said:

 

Although I would love such an outcome, I'm not sure it's possible without causing another uprising in Iraq.

I can't imagine what would happen if the Iraqis find that their million dinar is worth $1000, but our million dinar is worth $1,000,000.

It makes no sense to me.

Floridian, I'm sure you've heard a thousand times a Dinar is a Dinar right. Guess what, if the average Iraqi brings his million Dinars to the USA it will be worth a $1,000,000 also. Guess what, if I take my million Dinars to Iraq it will be worth $1,000 US dollars. 

On another note, the average Iraqi doesn't have a million Dinars under their mattress, the average Iraq probably doesn't have a 1,000 Dinars under their mattress. 

Heck just like the average American has $10,000 under their mattress, yeah right...

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4 hours ago, Butifldrm said:

while the thousand dinars in the place of the million dinars

 

Great discussion everyone. But first of all, there is no million dinar note.

So what this guy is saying is what we have known all along.....that the deletion of zeros will turn trillion to billion, billion to million, million to thousand.....and so on.

 

He is not talking about anything specific to the currency notes....., just delete 3 zeros in general

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2 minutes ago, DoD said:

Floridian, I'm sure you've heard a thousand times a Dinar is a Dinar right. Guess what, if the average Iraqi brings his million Dinars to the USA it will be worth a $1,000,000 also. Guess what, if I take my million Dinars to Iraq it will be worth $1,000 US dollars. 

On another note, the average Iraqi doesn't have a million Dinars under their mattress, the average Iraq probably doesn't have a 1,000 Dinars under their mattress. 

Heck just like the average American has $10,000 under their mattress, yeah right...

 

They can't bring it here or anywhere else.  They are only allowed to take 100,000 dinar out of the country at a time.

I guess they will have to make lots of trips out of the country.

Also, if they did not trust banks in the past (and still don't trust them much), where do they keep their money?  

I think it's under the mattress, or some such place in their houses.  Although they may not have a lot, I'm sure a lot have 1 million dinar.

They are used to dealing in dollars.  A million dinar is $860.  

Even if they have half a million dinar ($430), do you really think it will be worth 1/2 a million dollars?

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5 minutes ago, Floridian said:

 

They can't bring it here or anywhere else.  They are only allowed to take 100,000 dinar out of the country at a time.

I guess they will have to make lots of trips out of the country.

Also, if they did not trust banks in the past (and still don't trust them much), where do they keep their money?  

I think it's under the mattress, or some such place in their houses.  Although they may not have a lot, I'm sure a lot have 1 million dinar.

They are used to dealing in dollars.  A million dinar is $860.  

Even if they have half a million dinar ($430), do you really think it will be worth 1/2 a million dollars?

You are correct an just answered your own question, the Iraqis don't care what the exchange rate is because they will only use the Dinar. Do you care whet the exchange rate is of the Euro? Of course not because we use the dollar, same thing in Iraq. 

The CBI will give them more purchasing power on the Dinar, exchange rate irrelevant...

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1542687008dc6b3dfdfd170158b0dd527046f5e70f.jpg
Tuesday / 20 / November - 2018
17


London - Word: The Central Bank of Iraq details the project, "structuring the currency," which aims to delete 3 zeros, to facilitate the circulation of currency.

The Director General of release safes Abdul Karim Hassan in remarks followed the word news website that " the restructuring of the currency project when he put the first time encountered many objections Vtogel to be raised again in 2014 and begin to apply it, but the emergence Daesh was a new reason to postpone it ."

Hassan explained that "the draft currency structure aims to delete three zeros to turn the category of a thousand dinars to one dinar, while replacing the thousand dinars in the place of one million dinars."

He pointed out that "the project allows the printing of new categories of dinar and half dinars down to deal with the bank."

He stressed that "the idea is integrated and there is a comprehensive study and the project does not need to apply," stressing that "this project must be implemented despite the obstacles that led to the postponement."

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7 minutes ago, DoD said:

You are correct an just answered your own question, the Iraqis don't care what the exchange rate is because they will only use the Dinar. Do you care whet the exchange rate is of the Euro? Of course not because we use the dollar, same thing in Iraq. 

The CBI will give them more purchasing power on the Dinar, exchange rate irrelevant...

 

You really think they won't care when they find out their million dinar is worth $1,000, while our million dinar is worth $1,000,000?

I really, REALLY disagree.

That's why it won't happen that way.

But, I think we'll find out pretty soon how it all shakes out.

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4 minutes ago, yota691 said:

It's called Purchasing Power...

 

Yes, I understand Purchasing Power.

But I still think the Iraqis won't stand for it if their purchasing power is $1,000, while my purchasing power is $1,000,000.

And I'm getting my purchasing power from THEIR dinar.

 

Edited by Floridian
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  • yota691 changed the title to Structuring of the currency: the Central Bank is preparing to delete 3 zeros from the Iraqi currency
41 minutes ago, Botzwana said:

Floridian the same thing happens RIGHT now in Mexico.  like I said the peso is now 20 to 1.  20 pesos to 1 American dollar.  Before 10 years ago it was 10 to 1.  So if I had dollars, I could come to mexico and buy TWICE as much stuff than normally.  BUT the 20 to 1 doesn´t affect Mexicans at all.  A tortilla is still 5 pesos.  Has been for years.  Believe me I wish I had come to Mexico now with my American green backs.  I could have purchased twice as much home as I have today.

 

Botz, I know what you're saying.

I realize it's 20 to 1 in Mexico, but it's not a thousand to one.  

How can they make the dollar/dinar difference a thousand to one?

 

I'll try to explain how I'm seeing this by using this example:

 

Their 25,000 note is worth $25.00 after they delete the zeros.  The dinar is now equal to the dollar.  They gain purchasing power because a 25,000 note used to be worth around $21.00.  Now it's worth $25.00.  Their purchasing power goes up by about $4.00, give or take.

 

I'm in Florida.  I have a 25,000 Iraqi note.  My note is now worth $25,000.

My note is worth 1,000 times more than their note.

 

In Mexico the difference is 20 to 1.

In Iraq the difference is 1,000 to 1.

 

Is there any other country where the difference in the exchange rate is 1,000 to 1?

 

Have I made an error in math?  If my math is off, please let me know.

 

 

 

 

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6 minutes ago, Floridian said:

 

Botz, I know what you're saying.

I realize it's 20 to 1 in Mexico, but it's not a thousand to one.  

How can they make the dollar/dinar difference a thousand to one?

 

I'll try to explain how I'm seeing this by using this example:

 

Their 25,000 note is worth $25.00 after they delete the zeros.  The dinar is now equal to the dollar.  They gain purchasing power because a 25,000 note used to be worth around $21.00.  Now it's worth $25.00.  Their purchasing power goes up by about $4.00, give or take.

 

I'm in Florida.  I have a 25,000 Iraqi note.  My note is now worth $25,000.

My note is worth 1,000 times more than their note.

 

In Mexico the difference is 20 to 1.

In Iraq the difference is 1,000 to 1.

 

Is there any other country where the difference in the exchange rate is 1,000 to 1?

 

Have I made an error in math?  If my math is off, please let me know.

 

 

 

 

 

I guess I should add that the rate is more than 1,000 to 1 now (1190),  but that is a programmed rate and not a rate where businesses would want to invest in Iraq.  

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Baghdad (IraqiNews.com) A member of the Parliamentary Economic and Investment Commission, MP Noura al-Bajari, confirmed on Wednesday that the initiative to revalue and delete zeros from the Iraqi Dinar is ready for implementation by the Central Bank although it will be delayed by five years given the political and security situation of Iraq.

In an interview with IraqiNews.com al-Bajari said “The policy to delete zeros from the Iraqi currency is ready to be executed by the Central Bank, however, its implementation will be delayed by 5 years on the basis of the extreme security and political situation of the country.”

Al-Bajari said that the head of the Central Bank of Iraq had previously said that this policy from parliament was accepted and that the zeros will be deleted from the Iraqi currency in the next 5 years

https://www.iraqinews.com/features/iraqi-dinars-project-postponed-5-years-says-central-bank/

 

 

 

I'm sure this has been posted, but I just came upon it... Please move if needed.

 

B/A

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11 hours ago, Floridian said:

 

Why do so many people feel that I think it will be a "neutral event" (LOP)?  I have said a million times over, that I never thought it would LOP, or I would not be here for 8 years wasting my time.  I guess I just don't express myself clearly.  

 

I think, as I stated above, that we will get $100,000 per million dinar.

 

P.S.  I believe we will all find out soon enough exactly how much we will get.

 

Agree!  Earlier this year when Venezuela lopped the zeros off of their currency, Alak gave an interview stating that it was done to help curb hyper inflation and that Iraq had no need to do a lop of their currency because their inflation rate is so low. So when he talks about removing the zeros, he’s talking about a rate change. 

 

The one one and only reason I don’t believe in the  .10 cent rate is that it won’t ever get Iraqi’s to give up using the dollar, which is one of their goals. 

 

Just my :twocents:

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