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Will Iraq succeed in overcoming the financial crisis by deleting 3 zeros from the local currency?


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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.

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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  

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1 hour ago, DWS112 said:

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?

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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?

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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? 

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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!!!  
:crossedfingers:

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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..! :salute: Ron 

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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.

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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 :twothumbs:

It's the only way Iraq will not get buried under the sand and be forgotten, it's do or die time :soon:

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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.!

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