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Deleting 3 zeros or printing 100 thousand dinars denominations ... Experts determine the best to reduce the repercussions of changing the exchange rate - urgent


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Man they sure are talking so much about what they should exactly do! We have talked about this over the past few years so it’s no secret but to see this in print speaks volumes! Come on Iraq raise the value of your currency this month!!!

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Covid issue is past with airmail, they're selling uncirculated IQD again on websites. 

 

Devaluing and putting out deleting zero articles again. 

 

Sounds like the CBI is pumping dinar sales worldwide after the the temporary mail delay. 

 

Also noticed ebay has more dealers selling 1m bulk in auctions. 

 

Carry on. 

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Printing 100,000 iqd denomination is no no no a bad idea.

Deleting 3 zeros from exchange rate into a one digit number is yes yes a good idea. The advantages to delete 3 zeros from exchange rate is making imported goods very cheap in iraq. Yes yes.

I have a doubt iraq will print 100,000 denomination when iraq already printed a new lower denom a long time ago. And so far, printing 100,000 will be wasting more monies and beside iraq still hasn't had enough money to pay monthly salary and the bills. Do you folks think where do iraq get the money to print 100,000 from?

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14 hours ago, DWS112 said:

Hazem Hadi said, in a televised interview with (Baghdad Today), that the advantages of the financial budget for the next year are "saving money and avoiding borrowing, because the size of the debt to Iraq has become very large and reached 160 trillion dinars, including internal and external loans."


Hadi added, "The internal debt decreased automatically with the rise in the value of the dollar against the dinar," indicating that "the shock that occurred in the market was inevitable, because covering the financial deficit by borrowing includes major disadvantages, including the loss of state sovereignty."

read this section  then the next below ...

14 hours ago, DWS112 said:

Ministry of Finance, Hazem Hadi, confirmed that the devaluation of the local currency in the country caused a shock in the market, while the shock that occurred was necessary to finance the budget deficit instead of endangering state sovereignty, as he described it.

 

Hazem Hadi said, in a televised interview with (Baghdad Today), that the advantages of the financial budget for the next year are "saving money and avoiding borrowing, because the size of the debt to Iraq has become very large and reached 160 trillion dinars, including internal and external loans."

from the way this reads , it seems to say , " yeah we devalued the dinar to save money !  ( by lower dinar values against the dollar , { the dollar much stronger now ,after devalue }  we are able to pay off big debts out side of the country using the dollar , dollar is still very much in demand out side ... )

 kind of the reverse of what we dinar speculators are looking for , they are looking from inside to outside , we are looking outside to inside , for dinar values ...

HERE COMES THE INTERESTING PART 

 

14 hours ago, DWS112 said:

Al-Kazemi cited during his speech at the Iraqi Council of Ministers session held last Saturday, in several countries, including South Korea and Singapore, when they had previously taken "difficult decisions" in order to reform the economy

he was in Singapore , and it says right there " they had taken difficult decisions "  ----> revalued their currency.

if my brain is working this morning , Singapore increased pretty high about 4 years ago ....  ( hopefully they will show  POSITIVE results to   Al-Kazemi ...  and he can push this R.I. or increase value to central bank of iraq and get it done this month...    

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Printing new currency notes or deleting 3 zeros .. Expert: There is a problem for the "Iraqis" that prevents going to the two options

Posted 25 seconds ago
News source / Baghdad today
1616273059_151465.jpg
Baghdad today
News source / Baghdad today

 Baghdad today - Diyala

The economic expert, Rasim al-Aqidi, said today, Saturday, that printing more Iraqi currency notes, or canceling three zeros of them, will not support the budget of Iraq, which suffers from lack of liquidity.

Al-Aqidi said in an interview with (Baghdad Today), "I do not imagine that printing more currency denominations, pumping more currency notes, or canceling 3 zeros will benefit the Iraqi financial situation, in light of the current crisis, as it does not support the budget."

And that "printing the currency is not a solution to the economic crisis in Iraq, because the main problem is the lack of state control over the monetary mass."

Al-Aqidi added, "80% of those who receive salaries or benefits or who work in the private sector have their monthly income earmarked for their full disbursement, that is, they do not save."

He added, "There is only 20% of the population of Iraq saving large sums of currency represented by traders, importers and contractors, who have large activities, and the largest proportion of those who have savings are in private banks, affiliated with political blocs and managed by partners and men of money and hopes."

 He pointed out that "any process of printing for more Iraqi dinar notes will contribute to the increase in the leakage of the monetary mass, in the same way."

He said that "the process of raising the zeros from the Iraqi currency will eventually reduce its value."

He warned that "there are no controls from the World Bank, or from the International Fund in determining the amount of printed currency in any country, including Iraq, but printing more will lead to inflation, meaning the devaluation of the currency."

He pointed out, "Therefore, countries adhere to 3 basic criteria when thinking about any attempt to print, which is the monetary mass, the volume of transactions, and the volume of circulation, and many countries adopt the electronic payment card, governance and automation, in the process of cash movement and control of funds, because it is an important method that enables any country to pay The salaries of its employees, the wages and entitlements of the private sector, regardless of its financial crisis.

A few days ago, proposals were put forward to reduce the effects of reducing the value of the dinar against the dollar, which was set by a decision of the Ministry of Finance, which fixed the exchange rate at 1470 dinars against the dollar after it had stabilized for more than 15 years, up to 1,200 dinars, which had bad effects on citizens, raising the prices of basic materials and reducing the value of salaries.

A member of the Parliamentary Finance Committee, MP Abd al-Hadi al-Saadawi, revealed the opinion of his committee about deleting 3 zeros from the Iraqi currency, according to the proposals presented.

Al-Saadawi said in an interview with (Baghdad Today), that “the monetary policy in Iraq is one of the exclusive powers of the Central Bank and the financial policy is subject to the authority of the Ministry of Finance and the government, which is concerned with it, and it is not the prerogatives of the House of Representatives and the Finance Committee, meaning that changing the exchange rate or deleting zeros from the currency is not relevant. Absolutely out of the House of Representatives.

Al-Saadawi added, “We do not see any tendency at the present time to delete zeros from the Iraqi currency by the Central Bank,” pointing out that “even the exchange rate of the dollar is subject to the powers of the Central Bank and was recently raised after a decision within the bank, and if the government has another opinion about the exchange rate, then this matter Up to her ”

In turn, economist Safwan Qusay says in an interview with (Baghdad Today), "There is no urgent need to issue a new paper currency with a denomination of 100,000 Iraqi dinars or more, and that the proposal to delete the zeros requires a bank effort and withdraw the circulating currency."

On the other hand, he added, "the level of circulation of the Iraqi dinar is very easy, therefore printing a large currency in a denomination of 100 thousand Iraqi dinars or more will facilitate the process of large financial exchange," indicating that "the responsibility and the task of issuing these categories of currencies rests with the Central Bank."

He added that "the process of issuing money needs a financial cover in hard currency or gold, in addition to the market’s need for time to absorb the level of devaluation of the local dinar that the government has recently undertaken."

Qusay pointed out that "the step of deleting zeros from the currency raises the level of confidence in the dinar and reduces the burden of transferring cash as well as calculations, but conducting it now may confuse the market because it needs to withdraw the dinar from traders and inject a new currency

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There is no urgent need to issue a new paper currency with a denomination of 100,000 Iraqi dinars or more, and that the proposal to delete the zeros requires a bank effort and withdraw the circulating currency." 

 

They have ruled this out previously because of cost. It makes transactions easier does not give them purchasing power and does reduce currency in circulation! Removing zeros and releasing lower demons does! Only outcome! When your ready boys and girls!

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1 hour ago, 6ly410 said:

Printing new currency notes or deleting 3 zeros .. Expert: There is a problem for the "Iraqis" that prevents going to the two options

Posted 25 seconds ago
News source / Baghdad today
1616273059_151465.jpg
Baghdad today
News source / Baghdad today

 Baghdad today - Diyala

The economic expert, Rasim al-Aqidi, said today, Saturday, that printing more Iraqi currency notes, or canceling three zeros of them, will not support system" rel="">support the budget of Iraq, which suffers from lack of liquidity.

Al-Aqidi said in an interview with (Baghdad Today), "I do not imagine that printing more currency denominations, pumping more currency notes, or canceling 3 zeros will benefit the Iraqi financial situation, in light of the current crisis, as it does not support system" rel="">support the budget."

And that "printing the currency is not a solution to the economic crisis in Iraq, because the main problem is the lack of state control over the monetary mass."

Al-Aqidi added, "80% of those who receive salaries or benefits or who work in the private sector have their monthly income earmarked for their full disbursement, that is, they do not save."

He added, "There is only 20% of the population of Iraq saving large sums of currency represented by traders, importers and contractors, who have large activities, and the largest proportion of those who have savings are in private banks, affiliated with political blocs and managed by partners and men of money and hopes."

 He pointed out that "any process of printing for more Iraqi dinar notes will contribute to the increase in the leakage of the monetary mass, in the same way."

He said that "the process of raising the zeros from the Iraqi currency will eventually reduce its value."

He warned that "there are no controls from the World Bank, or from the International Fund in determining the amount of printed currency in any country, including Iraq, but printing more will lead to inflation, meaning the devaluation of the currency."

He pointed out, "Therefore, countries adhere to 3 basic criteria when thinking about any attempt to print, which is the monetary mass, the volume of transactions, and the volume of circulation, and many countries adopt the electronic payment card, governance and automation, in the process of cash movement and control of funds, because it is an important method that enables any country to pay The salaries of its employees, the wages and entitlements of the private sector, regardless of its financial crisis.

A few days ago, proposals were put forward to reduce the effects of reducing the value of the dinar against the dollar, which was set by a decision of the Ministry of Finance, which fixed the exchange rate at 1470 dinars against the dollar after it had stabilized for more than 15 years, up to 1,200 dinars, which had bad effects on citizens, raising the prices of basic materials and reducing the value of salaries.

A member of the Parliamentary Finance Committee, MP Abd al-Hadi al-Saadawi, revealed the opinion of his committee about deleting 3 zeros from the Iraqi currency, according to the proposals presented.

Al-Saadawi said in an interview with (Baghdad Today), that “the monetary policy in Iraq is one of the exclusive powers of the Central Bank and the financial policy is subject to the authority of the Ministry of Finance and the government, which is concerned with it, and it is not the prerogatives of the House of Representatives and the Finance Committee, meaning that changing the exchange rate or deleting zeros from the currency is not relevant. Absolutely out of the House of Representatives.

Al-Saadawi added, “We do not see any tendency at the present time to delete zeros from the Iraqi currency by the Central Bank,” pointing out that “even the exchange rate of the dollar is subject to the powers of the Central Bank and was recently raised after a decision within the bank, and if the government has another opinion about the exchange rate, then this matter Up to her ”

In turn, economist Safwan Qusay says in an interview with (Baghdad Today), "There is no urgent need to issue a new paper currency with a denomination of 100,000 Iraqi dinars or more, and that the proposal to delete the zeros requires a bank effort and withdraw the circulating currency."

On the other hand, he added, "the level of circulation of the Iraqi dinar is very easy, therefore printing a large currency in a denomination of 100 thousand Iraqi dinars or more will facilitate the process of large financial exchange," indicating that "the responsibility and the task of issuing these categories of currencies rests with the Central Bank."

He added that "the process of issuing money needs a financial cover in hard currency or gold, in addition to the market’s need for time to absorb the level of devaluation of the local dinar that the government has recently undertaken."

Qusay pointed out that "the step of deleting zeros from the currency raises the level of confidence in the dinar and reduces the burden of transferring cash as well as calculations, but conducting it now may confuse the market because it needs to withdraw the dinar from traders and inject a new currency

the step of deleting zeros from the currency raises the level of confidence in the dinar and reduces the burden of transferring cash as well as calculations,

 

Yeo we all know this!

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1 minute ago, screwball said:

"Removing zeros and releasing lower demons does!" 

You're killing me here, very accurate to release the lower demons, I'm sure they are involved, just kidding!! 😂 Lol!!

 

I do believe there are higher demons as well!!! WH

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I really like the timing of this article, specially with all the other things happening. Budget 2021, HCL, Federal Court law and now delete of the 000.

 

Go Budget 2021

Go HCL/ Federal court Law

Go delete of 000

Go RV
 

 

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9 hours ago, 6ly410 said:

Printing new currency notes or deleting 3 zeros .. Expert: There is a problem for the "Iraqis" that prevents going to the two options

Posted 25 seconds ago
News source / Baghdad today
1616273059_151465.jpg
Baghdad today
News source / Baghdad today

 Baghdad today - Diyala

The economic expert, Rasim al-Aqidi, said today, Saturday, that printing more Iraqi currency notes, or canceling three zeros of them, will not support system" rel="">support the budget of Iraq, which suffers from lack of liquidity.

Al-Aqidi said in an interview with (Baghdad Today), "I do not imagine that printing more currency denominations, pumping more currency notes, or canceling 3 zeros will benefit the Iraqi financial situation, in light of the current crisis, as it does not support system" rel="">support the budget."

And that "printing the currency is not a solution to the economic crisis in Iraq, because the main problem is the lack of state control over the monetary mass."

Al-Aqidi added, "80% of those who receive salaries or benefits or who work in the private sector have their monthly income earmarked for their full disbursement, that is, they do not save."

He added, "There is only 20% of the population of Iraq saving large sums of currency represented by traders, importers and contractors, who have large activities, and the largest proportion of those who have savings are in private banks, affiliated with political blocs and managed by partners and men of money and hopes."

 He pointed out that "any process of printing for more Iraqi dinar notes will contribute to the increase in the leakage of the monetary mass, in the same way."

He said that "the process of raising the zeros from the Iraqi currency will eventually reduce its value."

He warned that "there are no controls from the World Bank, or from the International Fund in determining the amount of printed currency in any country, including Iraq, but printing more will lead to inflation, meaning the devaluation of the currency."

He pointed out, "Therefore, countries adhere to 3 basic criteria when thinking about any attempt to print, which is the monetary mass, the volume of transactions, and the volume of circulation, and many countries adopt the electronic payment card, governance and automation, in the process of cash movement and control of funds, because it is an important method that enables any country to pay The salaries of its employees, the wages and entitlements of the private sector, regardless of its financial crisis.

A few days ago, proposals were put forward to reduce the effects of reducing the value of the dinar against the dollar, which was set by a decision of the Ministry of Finance, which fixed the exchange rate at 1470 dinars against the dollar after it had stabilized for more than 15 years, up to 1,200 dinars, which had bad effects on citizens, raising the prices of basic materials and reducing the value of salaries.

A member of the Parliamentary Finance Committee, MP Abd al-Hadi al-Saadawi, revealed the opinion of his committee about deleting 3 zeros from the Iraqi currency, according to the proposals presented.

Al-Saadawi said in an interview with (Baghdad Today), that “the monetary policy in Iraq is one of the exclusive powers of the Central Bank and the financial policy is subject to the authority of the Ministry of Finance and the government, which is concerned with it, and it is not the prerogatives of the House of Representatives and the Finance Committee, meaning that changing the exchange rate or deleting zeros from the currency is not relevant. Absolutely out of the House of Representatives.

Al-Saadawi added, “We do not see any tendency at the present time to delete zeros from the Iraqi currency by the Central Bank,” pointing out that “even the exchange rate of the dollar is subject to the powers of the Central Bank and was recently raised after a decision within the bank, and if the government has another opinion about the exchange rate, then this matter Up to her ”

In turn, economist Safwan Qusay says in an interview with (Baghdad Today), "There is no urgent need to issue a new paper currency with a denomination of 100,000 Iraqi dinars or more, and that the proposal to delete the zeros requires a bank effort and withdraw the circulating currency."

On the other hand, he added, "the level of circulation of the Iraqi dinar is very easy, therefore printing a large currency in a denomination of 100 thousand Iraqi dinars or more will facilitate the process of large financial exchange," indicating that "the responsibility and the task of issuing these categories of currencies rests with the Central Bank."

He added that "the process of issuing money needs a financial cover in hard currency or gold, in addition to the market’s need for time to absorb the level of devaluation of the local dinar that the government has recently undertaken."

Qusay pointed out that "the step of deleting zeros from the currency raises the level of confidence in the dinar and reduces the burden of transferring cash as well as calculations, but conducting it now may confuse the market because it needs to withdraw the dinar from traders and inject a new currency

 

Printing new currency notes or deleting 3 zeros .. Expert: There is a problem for the "Iraqis" that prevents going to the two options


151465.jpg?watermark=4
 

2,140 Economie 2021/03/20 23:27  


Baghdad today - Diyala , 

 

Economic expert Rasem Al-Akidi said, today, Saturday, that printing more Iraqi currency notes, or canceling three zeros of them, will not support the budget of Iraq, which suffers from lack of liquidity. 

Al-Aqidi said in an interview with (Baghdad Today), "I do not imagine that printing more currency denominations, pumping more currency notes, or canceling 3 zeros will benefit the Iraqi financial situation, in light of the current crisis, as it does not support the budget." 

And that "printing the currency is not a solution to the economic crisis in Iraq, because the main problem is the lack of state control over the monetary mass." 

Al-Aqidi added, "80% of those who receive salaries or subsidies or who work in the private sector have their monthly income earmarked for their full spending, meaning that they do not save." 

He added, "There is only 20% of the Iraqi population saving large sums of currency represented by merchants, importers and contractors, who have large activities, and the largest proportion of those who have savings are in private banks, affiliated with political blocs and managed by partners, men of money and hopes."  

He pointed out that "any process of printing more Iraqi dinar notes will contribute to increasing the leakage of the monetary mass, in the same way."

He said, "The process of raising the zeros from the Iraqi currency will eventually reduce its value."

He cautioned that "there are no controls from the World Bank, or from the International Fund, in determining the amount of printed currency in any country, including Iraq, but printing more will lead to inflation, meaning the devaluation of the currency." 

He pointed out, "Therefore, countries adhere to 3 basic criteria when thinking about any attempt to print, which is the monetary mass, the volume of transactions, and the volume of circulation, and many countries adopt the electronic payment card, governance and automation, in the process of cash movement and control of funds, because it is an important method that enables any country to pay The salaries of its employees, the wages and entitlements of the private sector, regardless of the financial crisis.

A few days ago, proposals were put forward to reduce the effects of reducing the value of the dinar against the dollar, which was set by a decision of the Ministry of Finance, which fixed the exchange rate at 1470 dinars against the dollar, after it had stabilized for more than 15 years, up to 1,200 dinars, which had bad effects on citizens.

A member of the Parliamentary Finance Committee, MP Abd al-Hadi al-Saadawi, revealed earlier, the opinion of his committee about deleting 3 zeros from the Iraqi currency, according to the proposals presented. 

Al-Saadawi said in an interview with (Baghdad Today), that "the monetary policy in Iraq is one of the exclusive powers of the Central Bank and the financial policy is subject to the authority of the Ministry of Finance and the government, which is concerned with it, and it is not the prerogatives of the House of Representatives and the Finance Committee, meaning that changing the exchange rate or deleting zeros from the currency is not relevant."
The House of Representatives absolutely does not. " 

Al-Saadawi added, "We do not see any tendency at the present time to delete zeros from the Iraqi currency by the central bank," pointing out that "even the exchange rate of the dollar is subject to the powers of the central bank and was recently raised after a decision within the bank. up to her " turn,

Safwan Qusay economic expert in an interview (Baghdad says today), said that" there is no urgent need for the issuance of paper currency a new category of 100 thousand Iraqi dinars or more, and the proposal to delete the zeros needs to be a bank effort and the withdrawal of currency in circulation. "

On the other hand, he added, "the level of circulation of the Iraqi dinar is very easy, therefore printing a large currency in denominations of 100 thousand Iraqi dinars or more will facilitate the process of large financial exchange," noting that "the responsibility and task of issuing these categories of currencies rests with the Central Bank."

He continued, "The process of issuing money needs a financial cover in hard currency or gold, in addition to the market’s need for time to absorb the level of devaluation of the local dinar that the government has recently undertaken." 

Qusay pointed out that "the step of deleting zeros from the currency raises the level of confidence in the dinar and reduces the burden of transferring cash as well as calculations, 

but conducting it now may confuse the market because it needs to withdraw the dinar from traders and inject a new currency."

LINK

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9 hours ago, 6ly410 said:

Printing new currency notes or deleting 3 zeros .. Expert: There is a problem for the "Iraqis" that prevents going to the two options

The economic expert, Rasim al-Aqidi, said today, Saturday, that printing more Iraqi currency notes, or canceling three zeros of them, will not support system" rel="">support the budget of Iraq, which suffers from lack of liquidity.

This is just someone opinion. I think This economic expert was confused because either printing more currency notes nor deleting 3 zeros aren't the best solutions to the economic crisis in iraq. Usually, the economic expert is a smart person and should come up with the best solution , not getting confused.

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9 hours ago, wealthhound said:

You're killing me here, very accurate to release the lower demons, I'm sure they are involved, just kidding!! 😂 Lol!!

 

I do believe there are higher demons as well!!! WH

Yes for interbank transfers you could be correct 

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8 hours ago, Laid Back said:

I really like the timing of this article, specially with all the other things happening. Budget 2021, HCL, Federal Court law and now delete of the 000.

 

Go Budget 2021

Go HCL/ Federal court Law

Go delete of 000

Go RV
 

 

It’s all about timing we know this 

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3 hours ago, DinarThug said:

 

Printing new currency notes or deleting 3 zeros .. Expert: There is a problem for the "Iraqis" that prevents going to the two options


151465.jpg?watermark=4
 

2,140 Economie 2021/03/20 23:27  


Baghdad today - Diyala , 

 

Economic expert Rasem Al-Akidi said, today, Saturday, that printing more Iraqi currency notes, or canceling three zeros of them, will not support system" rel="">support the budget of Iraq, which suffers from lack of liquidity. 

Al-Aqidi said in an interview with (Baghdad Today), "I do not imagine that printing more currency denominations, pumping more currency notes, or canceling 3 zeros will benefit the Iraqi financial situation, in light of the current crisis, as it does not support system" rel="">support the budget." 

And that "printing the currency is not a solution to the economic crisis in Iraq, because the main problem is the lack of state control over the monetary mass." 

Al-Aqidi added, "80% of those who receive salaries or subsidies or who work in the private sector have their monthly income earmarked for their full spending, meaning that they do not save." 

He added, "There is only 20% of the Iraqi population saving large sums of currency represented by merchants, importers and contractors, who have large activities, and the largest proportion of those who have savings are in private banks, affiliated with political blocs and managed by partners, men of money and hopes."  

He pointed out that "any process of printing more Iraqi dinar notes will contribute to increasing the leakage of the monetary mass, in the same way."

He said, "The process of raising the zeros from the Iraqi currency will eventually reduce its value."

He cautioned that "there are no controls from the World Bank, or from the International Fund, in determining the amount of printed currency in any country, including Iraq, but printing more will lead to inflation, meaning the devaluation of the currency." 

He pointed out, "Therefore, countries adhere to 3 basic criteria when thinking about any attempt to print, which is the monetary mass, the volume of transactions, and the volume of circulation, and many countries adopt the electronic payment card, governance and automation, in the process of cash movement and control of funds, because it is an important method that enables any country to pay The salaries of its employees, the wages and entitlements of the private sector, regardless of the financial crisis.

A few days ago, proposals were put forward to reduce the effects of reducing the value of the dinar against the dollar, which was set by a decision of the Ministry of Finance, which fixed the exchange rate at 1470 dinars against the dollar, after it had stabilized for more than 15 years, up to 1,200 dinars, which had bad effects on citizens.

A member of the Parliamentary Finance Committee, MP Abd al-Hadi al-Saadawi, revealed earlier, the opinion of his committee about deleting 3 zeros from the Iraqi currency, according to the proposals presented. 

Al-Saadawi said in an interview with (Baghdad Today), that "the monetary policy in Iraq is one of the exclusive powers of the Central Bank and the financial policy is subject to the authority of the Ministry of Finance and the government, which is concerned with it, and it is not the prerogatives of the House of Representatives and the Finance Committee, meaning that changing the exchange rate or deleting zeros from the currency is not relevant."
The House of Representatives absolutely does not. " 

Al-Saadawi added, "We do not see any tendency at the present time to delete zeros from the Iraqi currency by the central bank," pointing out that "even the exchange rate of the dollar is subject to the powers of the central bank and was recently raised after a decision within the bank. up to her " turn,

Safwan Qusay economic expert in an interview (Baghdad says today), said that" there is no urgent need for the issuance of paper currency a new category of 100 thousand Iraqi dinars or more, and the proposal to delete the zeros needs to be a bank effort and the withdrawal of currency in circulation. "

On the other hand, he added, "the level of circulation of the Iraqi dinar is very easy, therefore printing a large currency in denominations of 100 thousand Iraqi dinars or more will facilitate the process of large financial exchange," noting that "the responsibility and task of issuing these categories of currencies rests with the Central Bank."

He continued, "The process of issuing money needs a financial cover in hard currency or gold, in addition to the market’s need for time to absorb the level of devaluation of the local dinar that the government has recently undertaken." 

Qusay pointed out that "the step of deleting zeros from the currency raises the level of confidence in the dinar and reduces the burden of transferring cash as well as calculations, 

but conducting it now may confuse the market because it needs to withdraw the dinar from traders and inject a new currency."

LINK

Lots of misdirection going on.... I like it. If they were gonna just LOP they wouldn’t need to mid direct. I take it as a good sign 

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Al-Aqidi added, "80% of those who receive salaries or subsidies or who work in the private sector have their monthly income earmarked for their full spending, meaning that they do not save." 

 

welcome to the real world !  80% of the world is in this category ...

now that covid has really hit the 80 % ( went from middle income to poverty in 1 years time )

 

the step of deleting zeros from the currency raises the level of confidence in the dinar and reduces the burden of transferring cash as well as calculations

therefore printing a large currency in denominations of 100 thousand Iraqi dinars or more will facilitate the process of large financial exchange,

kind of telling there it looks like : { going to be sending 100,000 notes for those large --- exchanges  }

 

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