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


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Monday 19 November 2018
 
 
 
 
 

Baghdad - Nas

The Central Bank of Iraq revealed on Monday details of the project "Structuring the currency", which aims to delete 3 zeros, to facilitate the circulation of currency.

"The currency structuring project, when it was first floated, faced many objections. It was postponed to be launched again in 2014 and started to be implemented," said Abdulkarim Hassan, general manager of the issue and treasury, in an interview with NAS today (November 19, 2018). 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."

 

https://www.nasnews.com/البنك-المركزي-يكشف-لـ-ناس-تفاصيل-مشرو/

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Is it time to delete three zeros from the currency?   Iraqi currency     Reports Economy News Ba

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10 hours ago, yota691 said:
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."

 

I prepare to bake a cake....  350*  for 30 min.    They have been "preparing" for many years now.  Here's hoping they are ready to pull this sucker out of the oven "soon"".  If would help if we knew they were preparing passage of the HCL as seriously as restructuring their currency.  No news about that for months now.

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8 hours 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.

 

 

 

 

 

:twothumbs: You Know I Love You Like A Brother But I Think You Stayed Up ALL Night Drinking WAY TOO MUCH Coffae' Thinking About THIS WAY TOO MUCH Instead Of Giving Your Thinker Some Much Needed Sleep AND A Rest, Floridian, AND The Very Best Of The Rest Of Your Week To You!!! :tiphat:

 

If it is ANY consolation, I got a Good Night's Sleep LAST NIGHT AND Brewed Me A Good Ole Pot Of Vanilla Bean Cre'me Brule'e Coffae' THIS MORNING I am enjoying while reading ALL the Good Posts HERE!!! :D

 

Well, OK, I'll get me some REAL Coffae' (Tim's, eh?) post event to CELEBRATE!!! :backflip:

 

End of Day (or post "SUDDENLY"!!!), who cares about what THEY do inside Iraq???!!!

 

Sure, I care about Safety, Security, Stability, AND Sovereignty in Iraq. Otherwise, NO JOY on the ReInstatement OR ReValue of the Bicraqi Iraqi Dinar INTERNATIONAL exchange rate. Iraq has a HUGE HOLE in infrastructure AND IMMENSE RESOURCES that make for a HIGHLY PROFITABLE OPPORTUNITY to rocket Iraq's Standard Of Living for ALL the Bicraqi Iraqi TO INCLUDE the (well, OK, this is the way I see it) "Opiate Of Prosperity" so the Bicraqi Iraqi are far less prone to "Acts Of Violence" THEY have been so prone to do.

 

I look to the Marshall Plan as an INDICATION ONLY of the HUGE POTENTIAL here. Obviously, various conditions inside AND outside Iraq MUST be in place to adequately realize the HUGE POTENTIAL while the Specific Plan may be labeled something different. Like the Strategic Framework Agreements The United States Of America AND France have with Iraq yet to be implemented. There are other Countries with Economic Agreements with Iraq, too.

 

The kicker to me mentioned earlier by MyLilPony is FRACTIONAL BANKING!!! This gives EVERYONE on various levels FINANCIAL LEVERAGING to Boost, like, EVERYTHING!!!

 

As an example, how much money does ANY financial institution have as Capital Assets to include deposits vs. loans???!!!

 

I DO NOT know what the ratio is but pretty sure the sum of ALL the loans to borrowers exceeds ALL the Capital Assets to include deposits of THAT financial institution by quite a bit.

 

Where does the financial institution borrow money from???!!! Same thing applies THERE!!! The Lender also has a ratio of Capital Assets to loans out to Financial Institutions. So, You see, the multipliers multiply as the level goes up. So, to me, Fractional Banking alone would account for a favorable exchange rate PROVIDED THE BICRAQI IRAQI ARE SET FOR THE HUGE POTENTIAL OF RECONSTRUCTION, CONSTRUCTION, ECONOMIC DEVELOPMENT, AND FOREIGN INVESTMENT!!!

 

Can You IMAGINE THE VELOCITY OF MONEY INSIDE AND OUTSIDE IRAQ???!!! The Corrupt Weekday CBI Daily Currency Auctions JUST ARE NOT GOING TO CUT IT AND MUST GO TO A REAL TIME INTERNATIONAL BICRAQI IRAQI EXCHANGE RATE!!!

 

All In All, THIS IS Multi Dimensional. World Monetary Policies are affected by THIS "Marshall Plan" Type "Strategic Framework Agreements" and wonder if there will be talk and signs of modifications to or change out of the Bretton Woods Agreement that was put in place pretty much IMMEDIATELY after World War II.

 

So, we can ALL see, NOBODY HERE can do a THANG about it.

 

Just have to ferret through all the garbage, make informed judgments, keep a level head, stay current, adjust as necessary with pre and post events, AND EXERCISE THE UTMOST CAUTION IN EVERYTHING!!!

 

NOBODY knows WHAT is Going to HAPPEN AND/OR WHEN. Just have to wait and see WHAT happens WHEN it happens!!!

 

Is the Bicraqi Iraqi INTERNATIONAL Exchange rate going to be 1 IQD = 0.1 USD or 1 IQD = 3,86 USD or WHATEVER???!!!

 

NO ONE KNOWS, WHATEVER WILL BE WILL BE!!!

 

 

(Well, of course) Yep, I just poured me another cup of steaming hot AND fresh Vanilla Bean Cre'me Brule'e Coffae'!!!

 

DISCLAIMER: THIS SITE HAS BEEN KNOW TO HAVE UTTER IDIOTS AND NUT JOBS POSTING THINGS ABOUT THE BICRAQI IRAQI DINAR THAT REALLY SHOULD HAVE THEIR COMPUTER KEY BOARDS TAKEN AWAY SO POSTS LIKE THIS CAN ONLY BE VIEWED FOR ENTERTAINMENT PURPOSES ONLY AND NOT CONSTRUED IN ANY WAY AS INVESTMENT OR FINANCIAL ADVICE OR EVEN FORWARD LOOKING FOR ANY PERSONAL GAIN!!!

 

Well, OK, probably worth the read for entertainment purposes only with a Good Ole Cup Of Coffae', my conjecture, thoughts, opinion, and :twocents: for whatever THAT is worth!!! Hey, I might be a nut job or somethin'!!! CAVEAT EMPTOR, Reader!!! :o

 

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

:rodeo:   :pirateship:

 

 

Edited by Synopsis
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7 minutes ago, Synopsis said:

 

:twothumbs: You Know I Love You Like A Brother But I Think You Stayed Up ALL Night Drinking WAY TOO MUCH Coffae' Thinking About THIS WAY TOO MUCH Instead Of Giving Your Thinker Some Much Needed Sleep AND A Rest, Floridian, AND The Very Best Of The Rest Of Your Week To You!!! :tiphat:

 

If it is ANY consolation, I got a Good Night's Sleep LAST NIGHT AND Brewed Me A Good Ole Pot Of Vanilla Bean Cre'me Brule'e Coffae' THIS MORNING I am enjoying while reading ALL the Good Posts HERE!!! :D

 

 

How do you know I stayed up late and drank way too much coffee?  I laughed so much when I read that, because it's so true.  😂

 

I really appreciate your well-thought-out response, Synopsis.  I guess I just can't get over the unfairness of it all, where we get rich and they get purchasing power.  It doesn't seem right but, of course, nothing is fair in this world.  

 

I hope you're right and we do get extremely wealthy from this, and I hope it happens quickly.  I'm so, so tired of waiting.  

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5 minutes ago, Floridian said:

How do you know I stayed up late and drank way too much coffee?

 

:twothumbs: I Love You Like A Brother, Floridian,........................................................................ :o     :lmao:   :tiphat:

 

6 minutes ago, Floridian said:

I guess I just can't get over the unfairness of it all, where we get rich and they get purchasing power.

 

As far as the Bicraqi Iraqis with THEIR new found "Opiate Of Prosperity", I wouldn't get all hung up about it. THEY will BENEFIT IMMENSELY with THEIR new purchasing power whereas a majority of the Bicraqi Iraqi DO NOT see things the way we do and likely will be Quite Happae' with THEIR new found circumstances that are getting better by the pico second (1 x 10^(-12) seconds)!!!

 

So, the Restless Bicraqi Iraqi Natives will likely (in my opinion) be far and few between with the vocal ones being the ones that profit from the current corrupt circumstances and will likely be taken into custody and prosecuted. Can't have monkeys throwing monkey wrenches into the gear works of PROGRESS!!!

 

The real unfairness is toward OUR The United States Of America Troops and Coalition Forces that SERVED FAITHFULLY!!!

 

Unfortunately, ALL WARS are BANKER'S WARS. Cotton Wars, Sugar Wars, AND ALL KINDS OF OTHER WARS!!! Maintaining the Oath To Defend The Constitution Of The United States Of America TO INCLUDE The Ratified Bill Of Rights AND THEN getting thrown into an INTERNATIONAL Money Making Scheme IS UNCONSCIONABLE!!!

 

At first, I began to realize the potential with the Speculative Bicraqi Iraqi Dinar when I became aware of it. If I had known pre 2003 Invasion Of Iraq what I know now was about to occur for the reasons it was occurring, I would have called my US Representative AND US Senators AND given THEM an EAR FULL!!! No The United States Of America Service Personnel tragedies (death, dismemberment, PTSD, other) is worth it for SOMEONE ELSE'S PROFIT while exercising the Oath To Defend The Constitution Of The United States Of America TO INCLUDE The Ratified Bill Of Rights!!!

 

So, we wait and see. Whatever is done, is done. Water under the bridge, CAN NOT go back. So, best to be responsible and strategic with the opportunity afforded us.

 

Especially, THANK YOU TO ALL VETERANS FOR FAITHFUL SERVICE IN ALL CONDITIONS OF SERVICE!!!

 

:salute:       :salute:       :salute:       :salute:       :salute:

 

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

 

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

:rodeo:   :pirateship:

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Hmmmm. Let's see. Add 2, carry the 5, subtract three zeros, divide by Pi then write down date

and pin paper to a dart board. YUP. BULLS-EYE. GREAT NEWS. Five years ends TODAY !

                                                                                                                 :cheesehead:

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Picosecond?????  Okay, I can see you're a lot smarter than I am.  So I'll go with YOUR theory.  I like it much better than mine, anyway.  😊

 

pic·o·sec·ond
/ˈpēkōˌsek(ə)nd,ˈpīkōˌsek(ə)nd/
noun
  1. one trillionth of a second.
    "the first picosecond of the Big Bang"
     
     
    What you wrote here is so true:
     

    "The real unfairness is toward OUR The United States Of America Troops and Coalition Forces that SERVED FAITHFULLY!!!

     

    Unfortunately, ALL WARS are BANKER'S WARS."

     
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46 minutes ago, Synopsis said:

Especially, THANK YOU TO ALL VETERANS FOR FAITHFUL SERVICE IN ALL CONDITIONS OF SERVICE!!!

I’ll second that!!!👍👍🇺🇸

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5 hours ago, Floridian said:

Picosecond?????  Okay, I can see you're a lot smarter than I am.  So I'll go with YOUR theory.  I like it much better than mine, anyway.  😊

 

pic·o·sec·ond
/ˈpēkōˌsek(ə)nd,ˈpīkōˌsek(ə)nd/
noun
  1. one trillionth of a second.
    "the first picosecond of the Big Bang"
     
     
    What you wrote here is so true:
     

    "The real unfairness is toward OUR The United States Of America Troops and Coalition Forces that SERVED FAITHFULLY!!!

     

    Unfortunately, ALL WARS are BANKER'S WARS."

     

 

Okay .... this can O’ worms is officially opened. 🤪 What came before the Picosecond, what case of affairs was going on prior to the B.B., and what brought about that case of affairs  ?

 

(take abreath ) and our favorite topic of discussion in Theology Class : was there at some point In time, a Great Nothing prior to the case of affairs that brought about the B.B. because ( “ things “were not always there - what is the origin created from Nothing ? )

 

...... and if God was always here, doesn’t it stand that even with “ always “ - didn’t “ always “ have a beginning, somewhere ? 

 

A bunch of of us were a common fixture in detention-I attended an all boys :tiphat:Catholic High School 

 

... and now back to our regularly scheduled Iraqi Crisis.

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2019:  Currencies to be revealed

1, 5, 10, 25, 50 dinars

 

2019:  Currencies to be removed

1,000, 5,000, 10,000, 25,000, 50,000

 

Float:  n/a

 

2019:  Coins to be revealed

same -

 

2019: New Oil Prices...

WTI Crude - 74.80 per barrel 25/03/19

Brent Crude - 93.45 per barrel 25/03/19

 

EXCHANGE Rate -

1.00 IQD = 1.19 USD

 

Q: What is the Boy Scouts Motto?

 

Good Fortunes To All

 

 

 

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53 minutes ago, leplusgrand said:

2019:  Currencies to be revealed

1, 5, 10, 25, 50 dinars

 

2019:  Currencies to be removed

1,000, 5,000, 10,000, 25,000, 50,000

 

Float:  n/a

 

2019:  Coins to be revealed

same -

 

2019: New Oil Prices...

WTI Crude - 74.80 per barrel 25/03/19

Brent Crude - 93.45 per barrel 25/03/19

 

EXCHANGE Rate -

1.00 IQD = 1.19 USD

 

Q: What is the Boy Scouts Motto?

 

Good Fortunes To All

 

 

 

 

Do You have a source (link) for this, leplusgrand, or is this a projection?

 

Go Moola Nova!

:pirateship:

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Any disclosures presented;  which would associate within these type of assets or investments that can be linked to (directly or indirectly) to any entity  ( i.e. articles, conversations, documentation, persons, or other insightful declarations) would not be sound.

The information that I have provided this evening is considered "speculative and exploratory based on my framework" of when any potential changes may occur.   This is merely a personal projection, nothing more, for the record;

Le Plus Grand'

 

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1 minute ago, leplusgrand said:

Any disclosures presented;  which would associate within these type of assets or investments that can be linked to (directly or indirectly) to any entity  ( i.e. articles, conversations, documentation, persons, or other insightful declarations) would not be sound.

The information that I have provided this evening is considered "speculative and exploratory based on my framework" of when any potential changes may occur.   This is merely a personal projection, nothing more, for the record;

Le Plus Grand'

 

 

:twothumbs: Thank You For The Clarification, Le Plus Grand, AND The Very Best Of Your Black Friday Weekend To You!!! :tiphat:

 

Go Moola Nova!

:pirateship:

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On 11/20/2018 at 3:30 PM, 10 YEARS LATER said:

 

Okay .... this can O’ worms is officially opened. 🤪 What came before the Picosecond, what case of affairs was going on prior to the B.B., and what brought about that case of affairs  ?

 

(take abreath ) and our favorite topic of discussion in Theology Class : was there at some point In time, a Great Nothing prior to the case of affairs that brought about the B.B. because ( “ things “were not always there - what is the origin created from Nothing ? )

 

...... and if God was always here, doesn’t it stand that even with “ always “ - didn’t “ always “ have a beginning, somewhere ? 

 

A bunch of of us were a common fixture in detention-I attended an all boys :tiphat:Catholic High School 

 

... and now back to our regularly scheduled Iraqi Crisis.

Can surely relate to your last comment. Central Catholic High School for me...BUT as GOD saw fit...now I have made perhaps the most important discovery of our time: https://www.amazon.com/gp/aw/d/1683506073/ref=mp_s_a_1_1?ie=UTF8&qid=1508949041&sr=8-1&pi=AC_SX236_SY340_FMwebp_QL65&keywords=Nazah

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Eagle Eye, thanks for posting your book linc.  I 'm glad you have completed it.  Have you read anything about Ron Wyatt's discovery of the Ark of the Covenant back in the early 80's?  It was discovered 20 feet below where Jesus died and the blood flowed down and was sprinkled on the mercy seat.  They had the blood tested and it was incredible!!!

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