rvmydinar Posted July 13, 2021 Report Share Posted July 13, 2021 8 hours ago, 3n1 said: thats always been the risk I think the cbi is scared of the RISK of deleting 3 zeros. And the most important is the cbi just wants to make sure that the cbi always become a winner ( make a lot of profits ) after the process of deleting 3 zeros. If the cbi become a loser ( doesn't make any profit at all ) after the process of deleting 3 zeros, then the cbi just talk talk talk and never implement it. The point is if there is no advantages for the cbi to delete 3 zeros, then the cbi probably won't do it and just talk talk talk BS and then, the articles of deleting 3 zeros will be repeated many many times. 2 1 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted July 13, 2021 Report Share Posted July 13, 2021 25 minutes ago, Inbedded HorseHead said: Better to delete the zeros and move that dang decimal point from the exchange rate..146,000 becomes $1.46. That's what we want it. Hopefully what you said comes true. 1 1 2 Quote Link to comment Share on other sites More sharing options...
3n1 Posted July 13, 2021 Report Share Posted July 13, 2021 seems the articles of adding or removing the zeros to or from the currency most always omits the exchange rate change in value discussion which is why the zeros were added in the first place iraq cant use iqd in lower denominations with the current value , countries with high or runaway inflation are candidates for the must i say lop , iraq has really had neither .... one has to ask why has so many nations around the world helped Iraq when other countries go without ..we wait 1 4 Quote Link to comment Share on other sites More sharing options...
WheresmyRV? Posted July 13, 2021 Report Share Posted July 13, 2021 10 hours ago, Carrello said: PS Inflation Rate in Iraq increased to 5.60 percent in May from 5.50 percent in April of 2021, hardly a runaway train as stated by others. source: Central Bank of Iraq Love it when you chime in Carrello 1 Quote Link to comment Share on other sites More sharing options...
Popular Post DWS112 Posted July 13, 2021 Author Popular Post Report Share Posted July 13, 2021 Al-Kazemi’s government is at the gates of deleting three zeros from the currency.. Iraq saves the risks of crises July 13, 2021 Huff Post Iraqi - With the continuation of the financial crisis in Iraq, the government of Prime Minister Mustafa Al-Kazemi resorted to what was termed an Iraqi government reform paper, which included the devaluation of the Iraqi dinar against the US dollar, and the decision entered into force at the beginning of this year. With the rise in oil prices globally, the government is planning long-term financial strategies that may prevent the country from falling into a financial crisis that may be more effective. Among the most prominent strategies put forward by the appearance of Muhammad Salih, the economic advisor to the Iraqi Prime Minister, is to delete 3 zeros from the Iraqi currency, without specifying a date for implementing this step. Saleh says to the Iraqi Huff Post, and deleting zeros from the Iraqi currency requires the fulfillment of two conditions, the first is price stability within the country, which means the stability of the dollar exchange rate against the Iraqi dinar, which is still witnessing relative fluctuation after the Iraqi government decided to raise the value of the dollar at the beginning of this year. As for the second condition, Saleh adds, it is represented in the stability of political life inside Iraq, which is required to change the exchange rate from laws and political consensus and so on. In his interpretation of the reasons for deleting 3 zeros from the Iraqi currency, Saleh comments that the importance of deleting zeros from the currency and slimming its units is a necessary condition for reducing accounting numbers, facilitating arithmetic use, the cost of managing new large numbers, and the absence of small numbers and fractions. And about the importance of the deletion process and the extent of its realism, Saleh indicated that the Central Bank of Iraq has developed a project to delete 3 zeros from the Iraqi currency, the subject of research and study for a long time. Positive delete zeros Economists say that the smaller the number of currency figures, the stronger its strength among currencies in the economic perspective, but this requires strengthening the local economy inside the country and diversifying the sources of the Iraqi budget, which requires strengthening industry and agriculture as a preliminary condition for this step. The international deal in the Iraqi currency is not related to the number of zeros as much as it is related to the strength of investments inside the country and the size of the Iraqi product exported abroad. And MP Jamal Cougar gives an example of deleting three zeros that Turkey, which deleted the zeros from its currency years ago, has embarked on building a diverse and large economy and investments, and this is different from the Iraqi situation, whose currency is not found in global currency exchanges so far. In the opinion of Professor of Economics at the Iraqi University, Abdul Rahman Al-Mashhadani, that deleting zeros will save the state the costs of transferring the Iraqi currency between the central bank and government and private banks. 1 2 1 12 10 Quote Link to comment Share on other sites More sharing options...
Half Crazy Runner Posted July 13, 2021 Report Share Posted July 13, 2021 55 minutes ago, DWS112 said: Al-Kazemi’s government is at the gates of deleting three zeros from the currency.. 😲 I say STORM THOSE GATES!!!! you always bring the best articles @DWS112!! many thanks! 2 1 2 8 Quote Link to comment Share on other sites More sharing options...
Spartakus Posted July 13, 2021 Report Share Posted July 13, 2021 I second that HalfCrazyRunner!!!! 1 4 Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted July 13, 2021 Report Share Posted July 13, 2021 I 3rd that. 1 2 Quote Link to comment Share on other sites More sharing options...
Popular Post Laid Back Posted July 13, 2021 Popular Post Report Share Posted July 13, 2021 CBI wants you to believe that delete 000 is an RD or LOP. Keep calm and relax….. Purchasing power is coming to town 😀 $1 / 1460 = 0.00068 After deleting the 000 = $0.68 Go CBI Go delete of 000 Go LD’s Go purchasing power 4 4 6 8 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted July 13, 2021 Report Share Posted July 13, 2021 1 hour ago, DWS112 said: Al-Kazemi’s government is at the gates of deleting three zeros from the currency. What is that supposed to mean by " AT THE GATE "? Did that mean: 1.) Iraqi government still talk talk talk, talk is cheap? Or 2.) Iraqi government already began the process of deleting 3 zeros quietly behind closed door which noone knows? Or 3.) Iraqi government already hold the lower denoms in their hands a long time ago but they haven't calculated the rate yet? Or 4.) Iraqi government already hold the lower denoms in their hands, but they still need a little time because they are still working on finding the best formula ( still calculate using so many kinds of formula ) to come up with the best rate? Or 5.) Iraqi government already hold the lower denoms and knew the rate , then they just need to find the right time to release the date and the rate to the publics suddenly? 1 1 Quote Link to comment Share on other sites More sharing options...
since0freakin9 Posted July 13, 2021 Report Share Posted July 13, 2021 4 hours ago, rvmydinar said: I think the cbi is scared of the RISK of deleting 3 zeros. And the most important is the cbi just wants to make sure that the cbi always become a winner ( make a lot of profits ) after the process of deleting 3 zeros. If the cbi become a loser ( doesn't make any profit at all ) after the process of deleting 3 zeros, then the cbi just talk talk talk and never implement it. The point is if there is no advantages for the cbi to delete 3 zeros, then the cbi probably won't do it and just talk talk talk BS and then, the articles of deleting 3 zeros will be repeated many many times. So if the CBI is "scared" and at the same time becomes a "winner", why would thy sell a 25K note for $20 USD and buy it back at 25K USD, if in fact they go 1:1? 1 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted July 13, 2021 Report Share Posted July 13, 2021 2 minutes ago, since0freakin9 said: So if the CBI is "scared" and at the same time becomes a "winner", My point is if the cbi is scared of deleting 3 zeros, then the cbi is a loser not a winner. If i say if, on the other hand, the cbi dare to delete 3 zeros immediately without any delays and BS, then the cbi become a winner. In order for the cbi to dare deleting 3 zeros, the cbi has to get the advantages/ a lot of profits for themselves. As we all know, most of iraqi government politicians are greedy and corrupt from stealing the money and then, they hide and smuggle the money out of iraqi country. Don't you think the cbi will definitely delete 3 zeros if there is no advantages/ a lot of monies for themselves? Then, why have they never been implementing by deleting 3 zeros in almost 18 years? 1 Quote Link to comment Share on other sites More sharing options...
Half Crazy Runner Posted July 13, 2021 Report Share Posted July 13, 2021 1 hour ago, Laid Back said: CBI wants you to believe that delete 000 is an RD or LOP. Keep calm and relax….. Purchasing power is coming to town 😀 $1 / 1460 = 0.00068 After deleting the 000 = $0.68 Go CBI Go delete of 000 Go LD’s Go purchasing power .68¢ would be fantastic!!! 1 4 2 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted July 13, 2021 Report Share Posted July 13, 2021 dws112 posted: Will Iraq succeed in overcoming the financial crisis by deleting 3 zeros from the local currency? Thanks dws112 ... only time will tell us the answer..! Ron 3 4 Quote Link to comment Share on other sites More sharing options...
horsesoldier Posted July 13, 2021 Report Share Posted July 13, 2021 WILL IRAQ PULL ITS HEAD OUTTA IT AZZ ?????? 4 1 Quote Link to comment Share on other sites More sharing options...
SocalDinar Posted July 13, 2021 Report Share Posted July 13, 2021 16 hours ago, Carrello said: PS Inflation Rate in Iraq increased to 5.60 percent in May from 5.50 percent in April of 2021, hardly a runaway train as stated by others. source: Central Bank of Iraq Well I surely don't believe the Fed's stated inflation rate either. Core inflation is in the double digits 2 Quote Link to comment Share on other sites More sharing options...
Carrello Posted July 13, 2021 Report Share Posted July 13, 2021 3 hours ago, Laid Back said: CBI wants you to believe that delete 000 is an RD or LOP. Keep calm and relax….. Purchasing power is coming to town 😀 $1 / 1460 = 0.00068 After deleting the 000 = $0.68 Go CBI Go delete of 000 Go LD’s Go purchasing power Thank you LB. And thanks for doing the correct calculation on the exchange math. 1 2 Quote Link to comment Share on other sites More sharing options...
Wiljor Posted July 13, 2021 Report Share Posted July 13, 2021 4 hours ago, Laid Back said: CBI wants you to believe that delete 000 is an RD or LOP. Keep calm and relax….. Purchasing power is coming to town 😀 $1 / 1460 = 0.00068 After deleting the 000 = $0.68 Go CBI Go delete of 000 Go LD’s Go purchasing power Looking good brother, and yes, patience is key here. To much news regarding exchange rate, could it be another head fake? No one really knows, but things sure seem to be heading in the right path. At 0.68 I'm good It's the only way Iraq will not get buried under the sand and be forgotten, it's do or die time 1 6 Quote Link to comment Share on other sites More sharing options...
southbeach Posted July 13, 2021 Report Share Posted July 13, 2021 5 hours ago, Laid Back said: CBI wants you to believe that delete 000 is an RD or LOP. Keep calm and relax….. Purchasing power is coming to town 😀 $1 / 1460 = 0.00068 After deleting the 000 = $0.68 Go CBI Go delete of 000 Go LD’s Go purchasing power Thanks for speaking to me L B.! 1 1 Quote Link to comment Share on other sites More sharing options...
southbeach Posted July 13, 2021 Report Share Posted July 13, 2021 2 hours ago, horsesoldier said: WILL IRAQ PULL ITS HEAD OUTTA IT AZZ ?????? LOL 2 Quote Link to comment Share on other sites More sharing options...
GreedyDinar07 Posted July 13, 2021 Report Share Posted July 13, 2021 I found this one dollar dinar I don't know how old this post is. https://www.bing.com/search?q=youtube&cvid=274397d285f745a5ac23689cd939a286&aqs=edge.0.69i59j0l2j69i60l3j69i65.1242j0j1&pglt=43&FORM=ANNTA1&DAF1=1&PC=HCTS 1 Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted July 13, 2021 Report Share Posted July 13, 2021 3 minutes ago, GreedyDinar07 said: I found this one dollar dinar I don't know how old this post is. https://www.bing.com/search?q=youtube&cvid=274397d285f745a5ac23689cd939a286&aqs=edge.0.69i59j0l2j69i60l3j69i65.1242j0j1&pglt=43&FORM=ANNTA1&DAF1=1&PC=HCTS Your link takes me to a youtube search engine page. Quote Link to comment Share on other sites More sharing options...
horsesoldier Posted July 13, 2021 Report Share Posted July 13, 2021 Every year is Deja Vu all over again-what a broken record these idiots are 1 2 Quote Link to comment Share on other sites More sharing options...
GreedyDinar07 Posted July 13, 2021 Report Share Posted July 13, 2021 Longtimelurker I can't upload it to the site. I have it in my email. 1 Quote Link to comment Share on other sites More sharing options...
GreedyDinar07 Posted July 13, 2021 Report Share Posted July 13, 2021 You are right Horsesoldier! 2 Quote Link to comment Share on other sites More sharing options...
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