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Economists call for the issuance of a new Iraqi currency


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Economist: The rumor of raising zeros needs 100 million dinars if the intentions are sincere

20:02 - 06/21/2021
 
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information / special

The economic expert, Diaa Mohsen, ruled out, on Monday, the possibility of exchanging the currency or raising zeros from it.

Mohsen said, in a statement to the agency, "The Information", that "if the intentions of those holding on to power were sincere by exchanging the currency or raising zeros from it, this means that we need 100 million dollars to make this big change."

He stressed, "The argument for eliminating fraud in this plan requires burning all the money in the central bank and issuing a new dinar, but this matter is unlikely and just a process of feeling the pulse of the street."

He pointed out that "the change will not make any difference between the local value of the Iraqi dinar and other currencies."

https://almaalomah.org/2021/06/21/540807/

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Al-Obaidi: The decision to raise zeros is sterile and will crush the poor

19:16 - 06/21/2021
 
  
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The economic expert, Basil Al-Obaidi, confirmed, on Monday, that zeroing the currency will lead to an end to the economic situation in the country, and in another way it will be overwhelming for the poor.

Al-Obaidi said, in a statement to the "Information" agency, that "the only beneficiary of zeroing the currency after the devaluation of the dinar is the rich class in Iraqi society, and the rest of the classes will be destined to collapse in one way or another."

He added, "Before decreasing the exchange rate, the social classes were rich, poor and middle class, and after decreasing it, there were two classes, poor and rich, and in the event of zeroing the currency, the poor class will be crushed permanently."

He pointed out that "this decision is made by poor countries. As for Iraq, this decision has no value, and that it is futile, it will not provide anything, but on the contrary, it will destroy the economic structure of the country."

https://almaalomah.org/2021/06/21/540799/

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If the CBI decides to do a Revaluation, people inside Iraq will be exchanging 000 notes for Lower Denomination notes with higher value. I hope we can do that too. More purchasing power for them and US

 

If the CBI decides to do a Re-denomination or LOP. The CBI will have to assign a new currency code and a new name to the currency.

No purchasing power for them, neutral event for US

 

Go RV

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13 hours ago, 3n1 said:

first time i read the " delete the zeros program " was in 2011 ... maybe the time is right 

here is a excerpt from one article , i won't promote ( link ) another site , easy to google ... cheers dv'ers 

 

The Central Bank in 2011 put forward a project to delete the zeros for the structure of the currency, which was considered by the bank to transfer Iraq from the country of trillions to billions, that the project was met with great opposition by specialists and politicians in parliament.

Was planned for 2013 talked about it many times 

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1 hour ago, Laid Back said:

If the CBI decides to do a Revaluation, people inside Iraq will be exchanging 000 notes for Lower Denomination notes with higher value. I hope we can do that too. More purchasing power for them and US

 

If the CBI decides to do a Re-denomination or LOP. The CBI will have to assign a new currency code and a new name to the currency.

No purchasing power for them, neutral event for US

 

Go RV

Time will tell but atleast thry are talking about it 

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6 hours ago, RJG said:

Economist: The rumor of raising zeros needs 100 million dinars if the intentions are sincere 

this is just someone opinion, not directly from the cbi and goi. by the way, there was a word " Rumor ", does this mean this article was supposed to be put in the rumors section instead of news section? 

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On 6/21/2021 at 2:21 AM, 6ly410 said:

Let’s say, for example, that one new dinar equals 1000 old dinars without change in value  

without change in value?  of course, i think the cbi isn't stupid enough to say directly and openly to the publics that " after deleting 3 zeros, the cbi is going to rv the iqd at whatever rate in a certain date, right folks ". otherwise, people and dinar dealers will buy more more and more dinars because they want to get very wealthy.. who doesn't want to get extremely wealthy when there is an opportunity coming once in a life time?

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11 hours ago, RJG said:

Al-Obaidi: The decision to raise zeros is sterile and will crush the poor

%D8%B1%D9%88%D8%A7%D8%AA%D8%A82-696x448.

information / special

The economic expert, Basil Al-Obaidi, confirmed, on Monday, that zeroing the currency will lead to an end to the economic situation in the country, and in another way it will be overwhelming for the poor.

Al-Obaidi said, in a statement to the "Information" agency, that "the only beneficiary of zeroing the currency after the devaluation of the dinar is the rich class in Iraqi society, and the rest of the classes will be destined to collapse in one way or another."

He added, "Before decreasing the exchange rate, the social classes were rich, poor and middle class, and after decreasing it, there were two classes, poor and rich, and in the event of zeroing the currency, the poor class will be crushed permanently."

He pointed out that "this decision is made by poor countries. As for Iraq, this decision has no value, and that it is futile, it will not provide anything, but on the contrary, it will destroy the economic structure of the country."

https://almaalomah.org/2021/06/21/540799/

Idiots not when adjust purchasing power 

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I heard about project delete 3 zero in 2014..  until now.. cbi never do this project. I think the best time is now.. rv before election by kazemi.. everybody happy in iraq and outside the countries.

Kazemi coalition can rule iraq another 5 year.. yeahhhh

 

If not rv before election.. there is more risk for iraq. Maybe corruptor party will win next election. Becouse corruptor always have a lots of money..

 

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15 hours ago, RJG said:

Economist: The rumor of raising zeros needs 100 million dinars if the intentions are sincere

He pointed out that "the change will not make any difference between the local value of the Iraqi dinar and other currencies."

https://almaalomah.org/2021/06/21/540807/

I like the thought process of this economist and would love for the Iraqi Dinar to have no difference in value than any other currencies....

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27 minutes ago, DoD said:

I would love for the Iraqi Dinar to have no difference in value than any other currencies....

Why? No difference= same in value= no rate change in value ( the rate before deleting and after deleting 3 zeros remain the same ), is it what you would love? Is it what are you trying to say? 

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Well looks like they are starting early with the "Delete the Zeros" propaganda like they have done for the almost past two decades. I am not falling for it this time like I did last year. It is all talk to me. I think we are on the road to bankruptcy because these clowns are still using oil as their main source of income and we all know that dog aint gonna hunt!! It is exciting to stick around to see how it will all unfold because they won't be able to sustain their economy at the current rate. The clock is ticking!! 

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Al-Zubaidi: statements deleting zeros entered the country's economy into a new depression

Tuesday 22 June 2021 11:38 | EconomicNumber of readings: 337

Baghdad / NINA / - The independent politician, Thaer Munir Al-Zubaidi, confirmed that the statements of deleting zeros entered the country's economy into a new depression, to which are added the ill-studied economic and financial plans.

And he said in a press statement today that: the recent irresponsible statements about the deletion of zeros from the national currency on the one hand and the rise in the dollar exchange rate on the other hand constituted confusion and more depression in the Iraqi markets, which affected the work of the private sector in general.

Al-Zubaidi added that: the government measures to stop the deterioration of the national currency have not yet reached the required level, and the dollar exchange rate remained high without urgent and tangible solutions, despite the rise in the price of a barrel of oil to nearly $75.

He explained: We also did not witness any serious moves by the government and the regulatory authorities regarding the abnormally high food prices, which increased the suffering of people, especially the owners of daily work and limited income.

Al-Zubaidi called on the Prime Minister to hold an urgent meeting with the Ministry of Planning, the Governor of the Central Bank, the Integrity Commission and the supervisory authorities to remedy the collapse of the Iraqi economy and its negative effects on the standard of living of the citizen./End 3

https://ninanews.com/Website/News/Details?key=911436

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1 hour ago, rvmydinar said:

Why? No difference= same in value= no rate change in value ( the rate before deleting and after deleting 3 zeros remain the same ), is it what you would love? Is it what are you trying to say? 

I won't give you a bulleted answer to your question this time but will let you do a little due diligence on your own. 

Google the currencies of:

 

Jordan

UAE

Kuwait

US Dollar

 

Just to name a few of the currencies...

 

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5 hours ago, Half Crazy Runner said:

I would very happily take the equivalent value of any of these currencies! 
💰💰💰💰

Agreed HCR, if there’s no difference in the US dollar or the Kuwaiti Dinar would work perfect for me also…

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