Parliamentary Finance: We look forward to coordinating with the Central Bank to increase the value of the dinar

[DF#1]

2 minutes ago, screwball said:

Get cash in banks and increase electornic bank accounts or atleast see what happens or what sort of response they get. 

👍

[BETTYBOOP]

Am I right or wrong in thinking that ideally if they don't do this in the first 1/4 .... the next best opportunity is June for accounting purposes?

[NoviceInvestor]

They hay already determined the rate🤔

 

So now my main interest is not how much but WHEN ?????

 

[WheresmyRV?]

20 minutes ago, NoviceInvestor said:

They hay already determined the rate🤔

 

So now my main interest is not how much but WHEN ?????

 

Next week hopefully before the March 20th WTO meeting.

[BETTYBOOP]

Just now, WheresmyRV? said:

Next week hopefully before the March 20th WTO meeting.

I thought they were not meeting the WTO until the middle of the year?

[davis411]

1 hour ago, Bama Girl said:

Come on down!” 

That’s what she said

[Bama Girl]

10 minutes ago, davis411 said:

That’s what she said

Davis, what are you sipping on or smoking?? 🤨

[Longtimelurker]

2 hours ago, rvmydinar said:

So if you choose both, does than mean " Deleting 3 zeros both from exchange rate and bank notes " will lead to  RD/ LOP? I hope I was wrong.

 

Lopping makes zero sense since inflation is not the cause of the 3 zeros

[Half Crazy Runner]

10 hours ago, Mary B said:

The Iraqi government is currently weighing the question of changing the currency so that the official cost of a US dollar will be 1.32 Iraqi dinars instead of 1,320 dinars. Implementing such a decision is likely to significantly increase Al Sudani’s popularity. 

 

https://www.jpost.com/middle-east/article-791161

 

is that .76 cents

I saw in another article here that they wanted to get this pushed through before the elections (thus, increasing Al-Sudani’s popularity). Anyone know when the elections are?

[davis411]

44 minutes ago, Bama Girl said:

Davis, what are you sipping on or smoking?? 🤨

Drinking yes

 

i am  a Davis 

 

smoke very little

 

but that’s we she said 

[Longtimelurker]

1 hour ago, BETTYBOOP said:

Am I right or wrong in thinking that ideally if they don't do this in the first 1/4 .... the next best opportunity is June for accounting purposes?

April is our best bet in my opinion. 

[Longtimelurker]

18 minutes ago, Half Crazy Runner said:

I saw in another article here that they wanted to get this pushed through before the elections (thus, increasing Al-Sudani’s popularity). Anyone know when the elections are?

The deepstate is pushing to get sudani out so they're trying for early elections this year

[keylime]

7 hours ago, haymon said:

May it happen.

🙏

May would be great!!! it's right around the corner.

[keylime]

4 hours ago, BETTYBOOP said:

Get dinars into the banks. Get the citizens to believe in their currency? Just a guess

Don't forget, getting mama a new pair of shoes

[pokerplayer]

Thank you @Mary B , you absolutely nailed it with the articles today !! Thank you so much for taking the time to share with the rest of us.

 

  pp

[BETTYBOOP]

1 hour ago, Longtimelurker said:

The deepstate is pushing to get sudani out so they're trying for early elections this year

Sudani  has become too popular for their liking. He does not do all their bidding so they can't control him

[Longtimelurker]

8 minutes ago, BETTYBOOP said:

Sudani  has become too popular for their liking. He does not do all their bidding so they can't control him

Just like TRUMP!!!!

[jaybake]

Ladies and gentlemen!!!  Nothing to be excited about, when you see the small  denominations, then we should expect the revaluation.  In my opinion, I believed that they're just going to increase the value of the dinar minimally.  It won't affect the large denominations that they have now.  

[screwball]

9 hours ago, Longtimelurker said:

Lopping makes zero sense since inflation is not the cause of the 3 zeros

100% inflation is not the cause of the 3 zeros…

Edited March 15 by screwball

[mally2]

3 hours ago, screwball said:

100% inflation is not the cause of the 3 zeros…

Inflation is the cause of the three 0s. They are no longer going through hyperinflation, it is under control. Those are two different things. Countries lop when they have gone through hyperinflation and then have it under control. Iraq is a textbook case except they could have done it many years ago. We are speculating they will do something unique

[screwball]

17 minutes ago, mally2 said:

Inflation is the cause of the three 0s. They are no longer going through hyperinflation, it is under control. Those are two different things. Countries lop when they have gone through hyperinflation and then have it under control. Iraq is a textbook case except they could have done it many years ago. We are speculating they will do something unique

Incorrect the IMF and UNSC added three zeros to the currency to devalue it it’s what they do in counter insurgency to strip wealth and buying power away from rebels and terrorist groups…why do you think the us printed the currency and not Iraq….

[screwball]

Yes they had high inflation around 1996 inflation was negative numbers and then it started to rise… Ut the zeros were added for other reasons 

[screwball]

Inflation was negative numbers until the invasion of Kuwait 1990 and then Resolution 986 of 14 April 1995, enables Iraq to sell up to $1 billion of oil every 90 days and use the proceeds for humanitarian supplies to the country; and sets terms of reference for the Oil-for-Food Programme. this drove inflation up then war then they added three zeros, printed new currency with three zeros installed Bremer government steal their oil and here we are! Oil for food programme drove inflation up! BS inflation to be honest! 

[BETTYBOOP]

So considering this news where they are openly talking about the rate...... does anybody still think we are going into 2025? Praying hard we are not

[rvmydinar]

13 hours ago, Longtimelurker said:

Lopping makes zero sense 

Exactly. Lopping isn't what we all want. But we really don't know what they're going to do with their currency.