patriotic party girl Posted December 20, 2010 Report Share Posted December 20, 2010 The Iraqi Central Bank Advisor Madhur M'Hamed benefit the work of Iraq needs expansion we will release his class 100,000 dinars. He told a reporter (information/news and) Central Bank examines the idea of currency restructuring where specifications and forms that will work on a new categories of currency have the ability to shorten the large quantities of funds, pointing out that deal in used $ 100 constant is the largest directory on the urgent need to work on this scale. Mbinna that lifting zeros need time and formal approval of the Government and Parliament explained that the current time is mohia for deleting zeros from currency. T. P a/1 http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fal-iraqnews.net%2Fnew%2Feconomic-news%2F40131.html 1 1 Link to comment Share on other sites More sharing options...
usndsd Posted December 20, 2010 Report Share Posted December 20, 2010 mohia ? 1 Link to comment Share on other sites More sharing options...
Mr. Mont Posted December 20, 2010 Report Share Posted December 20, 2010 OK I know I am not the sharpest tool in the shed but, what the heck does that mean? 1 Link to comment Share on other sites More sharing options...
MovieMaker Posted December 20, 2010 Report Share Posted December 20, 2010 mohia ? Hopefully this word is not missing it's R at the end. That would make it mohair |ˈmōˌhe(ə)r|noun - the long, silky hair of the angora goat. Hahaha just kidding! OK! OK! Can't help it, I'm a morning person! 3 1 Link to comment Share on other sites More sharing options...
MooCow Posted December 20, 2010 Report Share Posted December 20, 2010 Class 100k bills? Makes the 25k note sound like a low denomination now I assume that this is good? It would allow us to have longer to turn in for one and also hold on to some if we want and wait for a rate to be higher. Anyone have any input? 1 Link to comment Share on other sites More sharing options...
MooCow Posted December 20, 2010 Report Share Posted December 20, 2010 I thought about it a little more and maybe it is bad. What would be the point of a 100k bill when a 25k is worth so much when it revalues... 3 Link to comment Share on other sites More sharing options...
renros Posted December 20, 2010 Report Share Posted December 20, 2010 I thought about it a little more and maybe it is bad. What would be the point of a 100k bill when a 25k is worth so much when it revalues... I was wondering the same thing. Don't think this is a good thing 1 1 Link to comment Share on other sites More sharing options...
quadraph0nic Posted December 20, 2010 Report Share Posted December 20, 2010 Great find Patriotic Girl This article has me guessing... "release his class of 100,000 dinar" A new denomination equal to? mmm... "new categories that have the ability to shorten funds." I'm going to stay positive and interpret it as a way for them to shorten funds that people use. Basically its the small denoms possibly the money with kurdish writing which would make sense since there was a recent hat article where CBI called for the kurds to integrate their money with them. Them referring to the $100 mmm they want to make their largest denomination (a new bill) with the same relation that our 100 dollar bill works with our currency? What does that do for the 500 and 250? Going after more than 3 zeros? Going for a LAAH...not gonna say it.. Here's an older article from this month but its still relevant http://translate.google.com/translate?hl=en&sl=ar&u=http://www.ikhnews.com/news.php%3Faction%3Dview%26id%3D5006&prev=/search%3Fq%3Dnahrain%26hl%3Den%26client%3Dfirefox-a%26hs%3Dbh9%26rls%3Dorg.mozilla:en-US:official&rurl=translate.google.com&twu=1 The positive I got out of that article is that they say the dinar is growing but not because of inflation. This investment is driving me crazy. 1 Link to comment Share on other sites More sharing options...
MooCow Posted December 20, 2010 Report Share Posted December 20, 2010 Who knows it could be. All we can do is stay positive. I used to get caught up and anxious with everything going on with this investment. I am now numb to it and it is almost like doing research for school. Makes work life much better that way too 1 Link to comment Share on other sites More sharing options...
Chuckles Posted December 20, 2010 Report Share Posted December 20, 2010 (edited) baaahumbug! such a nice thing to wake up too Edited December 20, 2010 by Chuckles 1 Link to comment Share on other sites More sharing options...
Biker girl Posted December 20, 2010 Report Share Posted December 20, 2010 Great find Patriotic Girl This article has me guessing... "release his class of 100,000 dinar" A new denomination equal to? mmm... "new categories that have the ability to shorten funds." I'm going to stay positive and interpret it as a way for them to shorten funds that people use. Basically its the small denoms possibly the money with kurdish writing which would make sense since there was a recent hat article where CBI called for the kurds to integrate their money with them. Them referring to the $100 mmm they want to make their largest denomination (a new bill) with the same relation that our 100 dollar bill works with our currency? What does that do for the 500 and 250? Going after more than 3 zeros? Going for a LAAH...not gonna say it.. Here's an older article from this month but its still relevant http://translate.google.com/translate? I think the same ! Small notes !!!! Go rv hl=en&sl=ar&u=http://www.ikhnews.com/news.php%3Faction%3Dview%26id%3D5006&prev=/search%3Fq%3Dnahrain%26hl%3Den%26client%3Dfirefox-a%26hs%3Dbh9%26rls%3Dorg.mozilla:en-US:official&rurl=translate.google.com&twu=1 The positive I got out of that article is that they say the dinar is growing but not because of inflation. This investment is driving me crazy. Link to comment Share on other sites More sharing options...
Hfeliu Posted December 20, 2010 Report Share Posted December 20, 2010 Any time the bills get larger it just spells trouble for their economy, right now a $25,000 IQD note is worth $21.39 USD, pennies compared to the possible face value of the IQD bill. $100K would just be an insult to government. 1 Link to comment Share on other sites More sharing options...
ctoddy Posted December 20, 2010 Report Share Posted December 20, 2010 Hopefully someone who reads Arabic can actually translate this. This would be the worst news possible. 1 Link to comment Share on other sites More sharing options...
BamBam Posted December 20, 2010 Report Share Posted December 20, 2010 (edited) I hope they mean 100, not 100K! They have been adding zero's it appears, but my reading glASSES seem to be foogy! Edited December 20, 2010 by BamBam Link to comment Share on other sites More sharing options...
Serenity Posted December 20, 2010 Report Share Posted December 20, 2010 (edited) I bet you this is out to scare the pants off of us ( )....LOL How do you spell "DISINFORMATION", with a touch of wacky translation....... Edited December 20, 2010 by Serenity 1 Link to comment Share on other sites More sharing options...
Carlym Posted December 20, 2010 Report Share Posted December 20, 2010 I have a new friend that reads arabic. Sending him the link now to see what his translation is. Link to comment Share on other sites More sharing options...
drox Posted December 20, 2010 Report Share Posted December 20, 2010 (edited) To me... this is a great possibility. I haven't been a believer in the lower denominations theory as a "good" thing for some time if ever. When I see people rooting for the 3 zeroes articles I fill like they are tied to train tracks and rooting for the oncoming train. The re-denomination/lop idea is to make a currency normal, credible, and to make it easy to use and make calculations from. Taking a number from trillions down to a more manageable billions. The difference on the street in daily commerce will be much better for citizens. Adding fils and removing the 3 zeroes notes makes no sense. It would take backpacks and wheelbarrows of Dinar to buy many things. How would an ATM machine work to give you dinar back if they only use small notes? That would be like Americans getting quarters for a $100 bill to buy things. So why does this article make me happy? Because I have been trying to find a way they could postpone the re-denomination in order to RV first. They have to increase purchasing power for numerous reasons especially since the ch. 7 has opened up international trading. Discussing creating 100k notes means they are delaying the re-denomination or at least discussing the delay. They would have to create and distribute the new 100k notes. Why pay out all that money to create them if they were prepared for the RD? That would have to be a move with a minimum 2 or 3 year delay for 3 zero removal wouldn't it? To me... they will be needing those big notes because they are preparing for the economy to take off without re-denomination. With the budget restrictions, it is entirely possible the Parliament is foiling the CBI's plans due to expenses. Trust me I am pro RV and this makes more sense to me. Edited December 20, 2010 by drox 3 1 Link to comment Share on other sites More sharing options...
shannybelle27 Posted December 20, 2010 Report Share Posted December 20, 2010 I don't think this is a bad thing at all...in fact I have thought from time to time that this rv will happen in a completely different way than we all think. Thinking outside the box is a good thing 2 2 Link to comment Share on other sites More sharing options...
invest4later Posted December 20, 2010 Report Share Posted December 20, 2010 I thought about it a little more and maybe it is bad. What would be the point of a 100k bill when a 25k is worth so much when it revalues... Happy Holidays All , Can You Say " SMOKE & MIRRORS !! JMHO ... Have A BLESSED Christmas ! Gary .. aka Invest4later 1 Link to comment Share on other sites More sharing options...
Brandon2230 Posted December 20, 2010 Report Share Posted December 20, 2010 Why would it not be logical to think he is saying a 100 dinar note at 1000 times the value.? I'm pretty sure that's what he means. These translations can be tricky! 2 Link to comment Share on other sites More sharing options...
hopefullbk Posted December 20, 2010 Report Share Posted December 20, 2010 To me... this is a great possibility. I haven't been a believer in the lower denominations theory as a "good" thing for some time if ever. When I see people rooting for the 3 zeroes articles I fill like they are tied to train tracks and rooting for the oncoming train. The re-denomination/lop idea is to make a currency normal, credible, and to make it easy to use and make calculations from. Taking a number from trillions down to a more manageable billions. The difference on the street in daily commerce will be much better for citizens. Adding fils and removing the 3 zeroes notes makes no sense. It would take backpacks and wheelbarrows of Dinar to buy many things. How would an ATM machine work to give you dinar back if they only use small notes? That would be like Americans getting quarters for a $100 bill to buy things. So why does this article make me happy? Because I have been trying to find a way they could postpone the re-denomination in order to RV first. They have to increase purchasing power for numerous reasons especially since the ch. 7 has opened up international trading. Discussing creating 100k notes means they are delaying the re-denomination or at least discussing the delay. They would have to create and distribute the new 100k notes. Why pay out all that money to create them if they were prepared for the RD? That would have to be a move with a minimum 2 or 3 year delay for 3 zero removal wouldn't it? To me... they will be needing those big notes because they are preparing for the economy to take off without re-denomination. With the budget restrictions, it is entirely possible the Parliament is foiling the CBI's plans due to expenses. Trust me I am pro RV and this makes more sense to me. Interesting thought Drox. I hadnt considered that but good points! Thanks for thinking out loud. Link to comment Share on other sites More sharing options...
marknet73 Posted December 20, 2010 Report Share Posted December 20, 2010 To me... this is a great possibility. I haven't been a believer in the lower denominations theory as a "good" thing for some time if ever. When I see people rooting for the 3 zeroes articles I fill like they are tied to train tracks and rooting for the oncoming train. The re-denomination/lop idea is to make a currency normal, credible, and to make it easy to use and make calculations from. Taking a number from trillions down to a more manageable billions. The difference on the street in daily commerce will be much better for citizens. Adding fils and removing the 3 zeroes notes makes no sense. It would take backpacks and wheelbarrows of Dinar to buy many things. How would an ATM machine work to give you dinar back if they only use small notes? That would be like Americans getting quarters for a $100 bill to buy things. So why does this article make me happy? Because I have been trying to find a way they could postpone the re-denomination in order to RV first. They have to increase purchasing power for numerous reasons especially since the ch. 7 has opened up international trading. Discussing creating 100k notes means they are delaying the re-denomination or at least discussing the delay. They would have to create and distribute the new 100k notes. Why pay out all that money to create them if they were prepared for the RD? That would have to be a move with a minimum 2 or 3 year delay for 3 zero removal wouldn't it? To me... they will be needing those big notes because they are preparing for the economy to take off without re-denomination. With the budget restrictions, it is entirely possible the Parliament is foiling the CBI's plans due to expenses. Trust me I am pro RV and this makes more sense to me. Makes a lot of sense to me too. Thanx for the time and effort in posting this. Link to comment Share on other sites More sharing options...
firefighter_218546 Posted December 20, 2010 Report Share Posted December 20, 2010 Instead of reading into everything and thinking the worst or wishing for the best. Lets just wait for the RV to go thru and see where it takes us. The only thing I am waiting for is a RV everything else is just going to happen whether we wish for the best or think the worst. This is my 2 dinars worth take it for what it's worth. God Bless Everybody. Link to comment Share on other sites More sharing options...
chas32 Posted December 20, 2010 Report Share Posted December 20, 2010 To drox: "To me... they will be needing those big notes because they are preparing for the economy to take off without re-denomination." That was good drox..I have been thinking that this could be a likely outcome..drox do you kown how many countries money trades around the .000X level? The answer is here: https://www.foreignexchangeservices.com/index.html?partnerid=FES&serviceType=rate 1 Link to comment Share on other sites More sharing options...
RVDinar4MyFamily Posted December 20, 2010 Report Share Posted December 20, 2010 To me... this is a great possibility. I haven't been a believer in the lower denominations theory as a "good" thing for some time if ever. When I see people rooting for the 3 zeroes articles I fill like they are tied to train tracks and rooting for the oncoming train. The re-denomination/lop idea is to make a currency normal, credible, and to make it easy to use and make calculations from. Taking a number from trillions down to a more manageable billions. The difference on the street in daily commerce will be much better for citizens. Adding fils and removing the 3 zeroes notes makes no sense. It would take backpacks and wheelbarrows of Dinar to buy many things. How would an ATM machine work to give you dinar back if they only use small notes? That would be like Americans getting quarters for a $100 bill to buy things. So why does this article make me happy? Because I have been trying to find a way they could postpone the re-denomination in order to RV first. They have to increase purchasing power for numerous reasons especially since the ch. 7 has opened up international trading. Discussing creating 100k notes means they are delaying the re-denomination or at least discussing the delay. They would have to create and distribute the new 100k notes. Why pay out all that money to create them if they were prepared for the RD? That would have to be a move with a minimum 2 or 3 year delay for 3 zero removal wouldn't it? To me... they will be needing those big notes because they are preparing for the economy to take off without re-denomination. With the budget restrictions, it is entirely possible the Parliament is foiling the CBI's plans due to expenses. Trust me I am pro RV and this makes more sense to me. Excellent Drox!!! This is exactly what I had going through my mind this morning after reading this article, I think you could be spot on. This could be a very good thing for us. I still strongly believe that the currency value needs to be revalued, and postponing any kind of RD to a later date is good news for us. RV now, RD later Link to comment Share on other sites More sharing options...
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