Central Bank of Iran: We can not provide hard currency

[screwball]

On 1/7/2019 at 8:34 AM, jmartin1145 said:

Thank goodness I only invested 238 dollars in rial. Now dinar is a different story.

I have 110,000,000 and it will not LOP

[screwball]

It will be interesting to watch I can tell you that Iran’s parliament has approved a plan to remove four zeros but if you remember correctly the put forward a plan for one zero. Majlis response was if you are going to approve one you might as well do four. In their words they want their currency to have true worth and real value...

[danielchu]

12 hours ago, dinarham said:

    Floridian ,I am truely sorry my snarkiness . A cluster of life altering furcks has hit me lately , but this gives me no excuse to be rude to you .  I've always been curious about what happened to all that gold . There are photographs of US soldiers sitting on huge stacks  of gold  .,alledgedly 5 tons ,18-24 carat . I would presume that clearing out all the gold reserves in Iraq would have been top priority when Saddam's statue toppled . It would have be insanity for the US to just leave it there .  As far as Trump being trustee for all us ctizens ,he was sworn on a bible to do this . 

Edited January 9, 2019 by danielchu

[danielchu]

U.S. forces find suspected gold cache in Iraq

Wednesday, May 28, 2003 Posted: 12:54 AM EDT (0454 GMT)

Story Tools SPECIAL REPORT • Interactive: Who's who in Iraq • Interactive: Sectarian divide • Timeline: Bloodiest days for civilians • Coalition Casualties • Special Report

WASHINGTON (CNN) -- For the second time in a week, U.S. troops have discovered what appears to be a cache of gold bars hidden in a truck, which could be worth just less than a quarter of a billion dollars, according to a Pentagon official.

Soldiers from the 173rd Airborne Brigade discovered 999 gold bars hidden in a truck during a routine traffic inspection near the northern Iraqi city of Kirkuk within the last two days, Pentagon officials said.

If it is in fact gold, its estimated value is thought to be close to $250 million.

RELATED Central Command: Suspected gold shipment recovered

On Friday, U.S. troops inspecting vehicles near the border with Syria found a truck with more than 1,100 gold bars estimated to be worth just more than a quarter of a billion dollars.

The driver and passenger said they had been paid $350 to pick up the truck in Baghdad and drive it to the Iraqi town of Qaim near the Syrian border, along a well-known smuggling route.

The bars and the men are in the custody of the Third Armored Cavalry Regiment.

Pentagon officials said the gold will be kept safe by U.S. forces until an Iraqi government is set up and decides how to use it.

http://www.cnn.com/2003/US/South/05/27/sprj.irq.iraq.gold/

[10 YEARS LATER]

Alright..... who walked off with the 1000th Bar Of Gold ????? 999 Bars Of Gold eh......unlikely 😄

Edited January 9, 2019 by 10 YEARS LATER

[danielchu]

15 minutes ago, danielchu said:

U.S. forces find suspected gold cache in Iraq

Wednesday, May 28, 2003 Posted: 12:54 AM EDT (0454 GMT)

Story Tools SPECIAL REPORT • Interactive: Who's who in Iraq • Interactive: Sectarian divide • Timeline: Bloodiest days for civilians • Coalition Casualties • Special Report

WASHINGTON (CNN) -- For the second time in a week, U.S. troops have discovered what appears to be a cache of gold bars hidden in a truck, which could be worth just less than a quarter of a billion dollars, according to a Pentagon official.

Soldiers from the 173rd Airborne Brigade discovered 999 gold bars hidden in a truck during a routine traffic inspection near the northern Iraqi city of Kirkuk within the last two days, Pentagon officials said.

If it is in fact gold, its estimated value is thought to be close to $250 million.

RELATED Central Command: Suspected gold shipment recovered

On Friday, U.S. troops inspecting vehicles near the border with Syria found a truck with more than 1,100 gold bars estimated to be worth just more than a quarter of a billion dollars.

The driver and passenger said they had been paid $350 to pick up the truck in Baghdad and drive it to the Iraqi town of Qaim near the Syrian border, along a well-known smuggling route.

The bars and the men are in the custody of the Third Armored Cavalry Regiment.

Pentagon officials said the gold will be kept safe by U.S. forces until an Iraqi government is set up and decides how to use it.

http://www.cnn.com/2003/US/South/05/27/sprj.irq.iraq.gold/

The Development Fund of Iraq (DFI) was established in 2003 at the request of the Coalition Provisional Authority (CPA), the U.S. body headed by Paul Bremer that governed Iraq after the invasion.

The money came from the sale of Iraqi gold, surplus funds from the U.N. oil-for-food program and seized Iraqi assets.

 

[danielchu]

Oil for food fund has the Iraqi assets!

 

[Floridian]

24 minutes ago, danielchu said:

U.S. forces find suspected gold cache in Iraq

Wednesday, May 28, 2003 Posted: 12:54 AM EDT (0454 GMT)

Story Tools SPECIAL REPORT • Interactive: Who's who in Iraq • Interactive: Sectarian divide • Timeline: Bloodiest days for civilians • Coalition Casualties • Special Report

WASHINGTON (CNN) -- For the second time in a week, U.S. troops have discovered what appears to be a cache of gold bars hidden in a truck, which could be worth just less than a quarter of a billion dollars, according to a Pentagon official.

Soldiers from the 173rd Airborne Brigade discovered 999 gold bars hidden in a truck during a routine traffic inspection near the northern Iraqi city of Kirkuk within the last two days, Pentagon officials said.

If it is in fact gold, its estimated value is thought to be close to $250 million.

RELATED Central Command: Suspected gold shipment recovered

On Friday, U.S. troops inspecting vehicles near the border with Syria found a truck with more than 1,100 gold bars estimated to be worth just more than a quarter of a billion dollars.

The driver and passenger said they had been paid $350 to pick up the truck in Baghdad and drive it to the Iraqi town of Qaim near the Syrian border, along a well-known smuggling route.

The bars and the men are in the custody of the Third Armored Cavalry Regiment.

Pentagon officials said the gold will be kept safe by U.S. forces until an Iraqi government is set up and decides how to use it.

http://www.cnn.com/2003/US/South/05/27/sprj.irq.iraq.gold/

 

Thanks, DanielChu.  I've never seen the picture or read about this until Dinarham brought it up.

[10 YEARS LATER]

Iraqi Politicians drooling uncontrollably over new finds of Gold Caches. 

[cws]

Iran is going to delete the zeros. We all know when that’s going to happen....

 

SOON    😬

[Rugbylaird19]

1 hour ago, danielchu said:

U.S. forces find suspected gold cache in Iraq

Wednesday, May 28, 2003 Posted: 12:54 AM EDT (0454 GMT)

Story Tools SPECIAL REPORT • Interactive: Who's who in Iraq • Interactive: Sectarian divide • Timeline: Bloodiest days for civilians • Coalition Casualties • Special Report

WASHINGTON (CNN) -- For the second time in a week, U.S. troops have discovered what appears to be a cache of gold bars hidden in a truck, which could be worth just less than a quarter of a billion dollars, according to a Pentagon official.

Soldiers from the 173rd Airborne Brigade discovered 999 gold bars hidden in a truck during a routine traffic inspection near the northern Iraqi city of Kirkuk within the last two days, Pentagon officials said.

If it is in fact gold, its estimated value is thought to be close to $250 million.

RELATED Central Command: Suspected gold shipment recovered

On Friday, U.S. troops inspecting vehicles near the border with Syria found a truck with more than 1,100 gold bars estimated to be worth just more than a quarter of a billion dollars.

The driver and passenger said they had been paid $350 to pick up the truck in Baghdad and drive it to the Iraqi town of Qaim near the Syrian border, along a well-known smuggling route.

The bars and the men are in the custody of the Third Armored Cavalry Regiment.

Pentagon officials said the gold will be kept safe by U.S. forces until an Iraqi government is set up and decides how to use it.

http://www.cnn.com/2003/US/South/05/27/sprj.irq.iraq.gold/

"...gold will be kept safe by U.S. forces until an Iraqi government is set up...: Sounds to me like the carrot on a stick. You don't get this gold until you have a fully seated government!!!

[Artitech]

1 hour ago, 10 YEARS LATER said:

Alright..... who walked off with the 1000th Bar Of Gold ????? 999 Bars Of Gold eh......unlikely 😄

I sure hope it was a scurity Police Officers they deserve it for being in that $h!t hole! JMHO 

[10 YEARS LATER]

2 minutes ago, davis411 said:

If that was me I would be caught for sure

 

it would go down like this

that bulge in your pants 

are you excited to see me

 

no that’s 27 bars of gold 

can I go now 

 

.... and ironically, the Custom Agents name would be M(ae) West. 

[nannab]

Thanks Danielchu     I remember the picture. I imagine that gold is long

gone seeing that it was 2003 and there has been two so called governments since then.

6 hours ago, danielchu said:

U.S. forces find suspected gold cache in Iraq

Wednesday, May 28, 2003 Posted: 12:54 AM EDT (0454 GMT)

Story Tools SPECIAL REPORT • Interactive: Who's who in Iraq • Interactive: Sectarian divide • Timeline: Bloodiest days for civilians • Coalition Casualties • Special Report

WASHINGTON (CNN) -- For the second time in a week, U.S. troops have discovered what appears to be a cache of gold bars hidden in a truck, which could be worth just less than a quarter of a billion dollars, according to a Pentagon official.

Soldiers from the 173rd Airborne Brigade discovered 999 gold bars hidden in a truck during a routine traffic inspection near the northern Iraqi city of Kirkuk within the last two days, Pentagon officials said.

If it is in fact gold, its estimated value is thought to be close to $250 million.

RELATED Central Command: Suspected gold shipment recovered

On Friday, U.S. troops inspecting vehicles near the border with Syria found a truck with more than 1,100 gold bars estimated to be worth just more than a quarter of a billion dollars.

The driver and passenger said they had been paid $350 to pick up the truck in Baghdad and drive it to the Iraqi town of Qaim near the Syrian border, along a well-known smuggling route.

The bars and the men are in the custody of the Third Armored Cavalry Regiment.

Pentagon officials said the gold will be kept safe by U.S. forces until an Iraqi government is set up and decides how to use it.

http://www.cnn.com/2003/US/South/05/27/sprj.irq.iraq.gold/

 

[dinarbeleiver]

Received this from a mate

 

Look at this....so much going on in the Middle East.....I still think we are on the tip of the ice berg with the dinar gaining value VERY soon.

 

The head of the Central Bank of Iran: The removal of four zero points from the national currency is very small

The head of the Central Bank of Iran said the process of removing four Zeros was a matter of apparent and nominal, saying that this is a very small task for the Central Bank. / Abdel Nasser Hemmati on the sidelines of today's meeting (Wednesday, January 19), according to Spotnik. 

 

Told reporters: "To facilitate things, we need to reduce some of the costs and match our national currency with international currencies, and now the correlation of our national currency with foreign currencies needs to be corrected." He added: The exchange rate of our national currency is very high with other currencies. We made a suggestion in this regard and the government should investigate ...

 

 

Iran’s central bank proposes slashing four zeros from falling currency

Iran's cabinet members, President Hassan Rouhani and Ali Akbar Salehi, during a meeting. (Hamed Malekpour/Tasnim News Agency)

January 08, 2019 

Iran’s central bank has proposed slashing four zeros from the rial, state news agency IRNA reported on Sunday, after the currency plunged in a year marked by an economic crisis fueled by US sanctions.

“A bill to remove four zeros from the national currency was presented to the government by the central bank yesterday and I hope this matter can be concluded as soon as possible,” IRNA quoted central bank Gov. Abdolnaser Hemmati as saying.

Proposals to remove four zeros from the currency have been floated since 2008, but the idea has gained strength as the rial lost more than 60 percent of its value in 2018 despite a recent recovery engineered by the central bank in defiance of US sanctions.

The currency was trading at about 110,000 rials per US dollar on the unofficial market on Sunday, according to foreign exchange websites.

President Donald Trump reimposed US sanctions on Iran last year after pulling out of world powers’ 2015 nuclear deal with Tehran. Washington has vowed “maximum pressure” on Iran’s economy to force it to accept tougher limits on its nuclear and missile programs. Iran has ruled this out.

ADVERTISEMENT 

 

Rial weakness disrupted Iran’s foreign trade last year and helped boost annual inflation fourfold to nearly 40 percent in November. The weak currency and galloping inflation have been a complaint of sporadic street protests since late 2017.

After approval by the government, the proposed currency plan would have to be passed by Parliament and approved by the clerical body that vets legislation before it takes effect.

———

© 2019 the Arab News (Jeddah, Saudi Arabia)

Distributed by Tribune Content Agency, LLC.

https://translate.googleusercontent.com/translate_c?depth=2&nv=1&rurl=translate.google.com&sl=auto&sp=nmt4&tl=en&u=https://ir.sputniknews.com/iran/201901094334881/&xid=17259,15700021,15700124,15700186,15700190,15700201,15700237,15700242,15700248&usg=ALkJrhiUiU_9eu30l1hRYHd7xPgE-TsB_g

Edited January 10, 2019 by dinarbeleiver

[DWS112]

The largest deletion of zeros in the history of currencies    ( IRAN ) 1/09/2019 

Is this crazy?

The largest deletions of zeros in history

RT

 

The Central Bank of Iran has proposed the deletion of four zeros from its besieged currency (riyal), according to Reuters, as it lost more than 60% of its value in 2018.

Governments usually delete zeros when their currency loses purchasing power rather than issuing large categories of currency.

The issue of canceling zeros is not new in Iran. It was preceded by Venezuela when it deleted 5 zeros and Iraq, which has already deleted zero zeros from Iraqi dinars. Turkey eliminated 6 zeros in 2003.

 

[nannab]

9 minutes ago, DWS112 said:

The largest deletion of zeros in the history of currencies    ( IRAN ) 1/09/2019 

Is this crazy?

The largest deletions of zeros in history

RT

 

The Central Bank of Iran has proposed the deletion of four zeros from its besieged currency (riyal), according to Reuters, as it lost more than 60% of its value in 2018.

Governments usually delete zeros when their currency loses purchasing power rather than issuing large categories of currency.

The issue of canceling zeros is not new in Iran. It was preceded by Venezuela when it deleted 5 zeros and Iraq, which has already deleted zero zeros from Iraqi dinars. Turkey eliminated 6 zeros in 2003.

 

 

EH?  I guess we blinked and missed the whole thing. NOT!!!   DWS112 this is crazy.   

 

[3n1]

15 minutes ago, DWS112 said:

Iraq, which has already deleted zero zeros from Iraqi dinars

 

has iraq been flying under the radar about the delete the zero program .....

[6ly410]

17 minutes ago, DWS112 said:

The largest deletion of zeros in the history of currencies    ( IRAN ) 1/09/2019 

Is this crazy?

The largest deletions of zeros in history

RT

 

The Central Bank of Iran has proposed the deletion of four zeros from its besieged currency (riyal), according to Reuters, as it lost more than 60% of its value in 2018.

Governments usually delete zeros when their currency loses purchasing power rather than issuing large categories of currency.

The issue of canceling zeros is not new in Iran. It was preceded by Venezuela when it deleted 5 zeros and Iraq, which has already deleted zero zeros from Iraqi dinars. Turkey eliminated 6 zeros in 2003.

 

Interesting thx 

[Theseus]

19 minutes ago, DWS112 said:

The largest deletion of zeros in the history of currencies    ( IRAN ) 1/09/2019 

Is this crazy?

The largest deletions of zeros in history

RT

 

The Central Bank of Iran has proposed the deletion of four zeros from its besieged currency (riyal), according to Reuters, as it lost more than 60% of its value in 2018.

Governments usually delete zeros when their currency loses purchasing power rather than issuing large categories of currency.

The issue of canceling zeros is not new in Iran. It was preceded by Venezuela when it deleted 5 zeros and Iraq, which has already deleted zero zeros from Iraqi dinars. Turkey eliminated 6 zeros in 2003.

 

If you delete zero zeros from Iraqi dinars, you delete no zeros from it. Maybe it was prewritten and the first zero is a placeholder.

[dinarbeleiver]

On ‎1‎/‎10‎/‎2019 at 8:04 PM, DWS112 said:

The largest deletion of zeros in the history of currencies    ( IRAN ) 1/09/2019 

Is this crazy?

The largest deletions of zeros in history

RT

 

The Central Bank of Iran has proposed the deletion of four zeros from its besieged currency (riyal), according to Reuters, as it lost more than 60% of its value in 2018.

Governments usually delete zeros when their currency loses purchasing power rather than issuing large categories of currency.

The issue of canceling zeros is not new in Iran. It was preceded by Venezuela when it deleted 5 zeros and Iraq, which has already deleted zero zeros from Iraqi dinars. Turkey eliminated 6 zeros in 2003.

 

They might have let the cat out the bag

[pokerplayer]

I sure hope it’s not a lop. I would like to retire. 🤪

 

pp

[jg1]

13 minutes ago, pokerplayer said:

I sure hope it’s not a lop. I would like to retire. 🤪

 

pp

Ya, dont we all. Before the walker stage, but better late than never.

[Engine1]

Keep yourself grounded.  There is not one person on this site or any site that knows what is going on or what has to be done to get this thing to RV. Not one. Yup nobody knows what is going on with this.  We are all coming to our own conclusion on every news story that comes out. When it RV's or even LOP's that is when or if it ever happens we will know. Please dont read into any news out there or believe that there is someone who knows anything about this.  The only people who knows anything are in the government and banking system with Iraq.  

 

[cranman]

Haha. You think they even know? Lol