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


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11 hours ago, since0freakin9 said:

why would thy sell a 25K note for $20 USD and buy it back at 25K USD, if in fact they go 1:1?

what you said was just about " buy and sell rate and make a profit EVERYDAY in the currency auction ( i called it as a first case ) ", this is called business as usual. in this case, the cbi is a winner because they make a profit everyday. but now, we are talking about " process of deleting 3 zeros ( i called it as a second case ) " and this is a different case from  " buy and sell rate and make a profit EVERYDAY in the currency auction ", because " the process of deleting 3 zeros " DOESN'T HAPPEN EVERYDAY ( may be just once or twice in a lifetime ). therefore, for the second case which is a process of deleting 3 zeros, the cbi has to make a huge profit/advantages in order to become a winner for the second case because the process of deleting 3 zeros doesn't happen everyday.

 

you just said " if in fact they go 1:1 ", yeah we all like the rate 1:1 and hopefully, the cbi can rv at 1:1, but for now on, the rate is still 1460 iqd, not 1:1 yet. And in fact, they still haven't been deleting 3 zeros and releasing the lower denoms, too. let's just wait and see . 

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5 minutes ago, 3 bucks new rv rate said:

what you said was just about " buy and sell rate and make a profit EVERYDAY in the currency auction ( i called it as a first case ) ", this is called business as usual. in this case, the cbi is a winner because they make a profit everyday. but now, we are talking about " process of deleting 3 zeros ( i called it as a second case ) " and this is a different case from  " buy and sell rate and make a profit EVERYDAY in the currency auction ", because " the process of deleting 3 zeros " DOESN'T HAPPEN EVERYDAY ( may be just once or twice in a lifetime ). therefore, for the second case which is a process of deleting 3 zeros, the cbi has to make a huge profit/advantages in order to become a winner for the second case because the process of deleting 3 zeros doesn't happen everyday.

 

you just said " if in fact they go 1:1 ", yeah we all like the rate 1:1 and hopefully, the cbi can rv at 1:1, but for now on, the rate is still 1460 iqd, not 1:1 yet. And in fact, they still haven't been deleting 3 zeros and releasing the lower denoms, too. let's just wait and see . 

also, where do you think the money comes from to print new lower denoms? printing new lower denoms cost a fortune. that's why the cbi has to make a huge huge huge profit for the second case which is the process of deleting 3 zeros in order to cover the expense of printing new lower denoms and of course and the most important is make a profit for themselves ( for their own pockets ) because they are greedy and corrupt.. 

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12 hours ago, GreedyDinar07 said:

I am curious to see what this one dinar looked like but i can't upload it either. Is this one dinar a new lower denom? 

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20 hours ago, DWS112 said:

Al-Kazemi’s government is at the gates of deleting three zeros from the currency.. Iraq saves the risks of crises

Alternate translation: Al-Kazemi’s government is on the verge of deleting three zeros from the currency.. Iraq saves the risks of crises

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10 minutes ago, DWS112 said:

Alternate translation: Al-Kazemi’s government is on the verge of deleting three zeros from the currency.. Iraq saves the risks of crises

Hopefully, " at the gate " and " on the verge " = " real soon and close in the year 2021 " according to iraq's definition.

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40 minutes ago, Spartakus said:

As soon as before their election otherwise the people will kick them out like they did to the last prime minister.

Rumor on the street in Iraq (according to a youtuber who quickly goes through iraqi news updates) is that our blessing will take place before the Iraqi election.

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32 minutes ago, rvmydinar said:

Let's hope this crazy ride will end before the election.

That is the rumor circulating in iraq. Not my words. Having said that, this would give time for the election fraud to be exposed, trump reinstated publicly, riots, threat of WW3 and BOOM!

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8 hours ago, Longtimelurker said:

Rumor on the street in Iraq (according to a youtuber who quickly goes through iraqi news updates) is that our blessing will take place before the Iraqi election.

Did the word on the street refer to this?

 

Al-Kazemi will visit Biden soon

 3 days ago
 
 
%D8%A7%D9%84%D9%83%D8%A7%D8%B8%D9%85%D9%
 

Today, Sunday, an Iraqi political source revealed an upcoming visit to Prime Minister Mustafa Al-Kazemi to Washington to meet with US President John Biden.

The source said, “Al-Kazemi will visit Washington in the coming days, but the exact date has not been set yet, but it may be the end of this month.”

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17 hours ago, 3 bucks new rv rate said:

also, where do you think the money comes from to print new lower denoms? printing new lower denoms cost a fortune. that's why the cbi has to make a huge huge huge profit for the second case which is the process of deleting 3 zeros in order to cover the expense of printing new lower denoms and of course and the most important is make a profit for themselves ( for their own pockets ) because they are greedy and corrupt.. 


You are assuming the lower denoms have not been printed yet. We have been close, very close to the RV a couple of times. We could not have been that close without LDs printed and awaiting their debut. Printing currency takes months and is a "scientific process" that is tedious and exact. 

 

If the LDs have not been printed as of yet, IMO we could not see an RV until the second quarter 2022, and possibly the first quarter of 2022.

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1 hour ago, Theseus said:

Did the word on the street refer to this?

 

Al-Kazemi will visit Biden soon

 3 days ago
 
 
%D8%A7%D9%84%D9%83%D8%A7%D8%B8%D9%85%D9%
 

Today, Sunday, an Iraqi political source revealed an upcoming visit to Prime Minister Mustafa Al-Kazemi to Washington to meet with US President John Biden.

The source said, “Al-Kazemi will visit Washington in the coming days, but the exact date has not been set yet, but it may be the end of this month.”

No but this fits in line just perfectly.. The rumor on the street is actually what is being said on the streets of Iraq.. (according to that rapid update guy on youtube). He shows the texts between them and has been showing us his texts for a while now. Never has the iraqi implied anything like this before so they may actually be talking about it..

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  Printing and having the lower  denoms available would be no after thought . Years ago ,we had reports of plane loads of lower denoms flying into Iraq . However, the lower denoms would not have the security features that the high denoms have and could be printed anywhere . The higher denoms were exquisitely printed in Switzerland , paid for by the US . With their gold threads , anagrams , real oxblood for the red {that's why they smell} , they are uncounterfeitable. Look at the 25k under a black light ,you would be amazed.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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7 hours ago, Theseus said:

Did the word on the street refer to this?

 

Al-Kazemi will visit Biden soon

 3 days ago
 
 
%D8%A7%D9%84%D9%83%D8%A7%D8%B8%D9%85%D9%
 

Today, Sunday, an Iraqi political source revealed an upcoming visit to Prime Minister Mustafa Al-Kazemi to Washington to meet with US President John Biden.

The source said, “Al-Kazemi will visit Washington in the coming days, but the exact date has not been set yet, but it may be the end of this month.”

 
Will he also meet with President Harris? 😁😬

 

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