new Iraqi currency will increase by three zeros

[trooper]

The central bank of Iraq, Tuesday, that the new Iraqi currency will increase by three zeros, indicating that he had conducted an extensive study concluded that the lifting of the zeroes will strengthen the value of the Iraqi currency.

The deputy governor of Central Bank of Iraq in favor of the appearance of Mohammed in an interview with “Twilight News” that “the central bank is determined to raise three zeroes from the currency of the new Iraqi and presented its project to the government and the House of Representatives, is awaiting the government’s decision and the Council of Representatives.”

Shows the economists, that the process of deleting three zeros from the Iraqi currency will raise its value, and to increase the purchasing power of citizens, pointing to the need to follow the policies of peaceful citizens and to persuade them to get used for a period not exceeding two years.

And the benefit of that “project raise three zeroes from the currency made by the government five years ago to the Central Bank, and has undergone during this period to an extensive study over the need to raise the value of the zeros to strengthen the Iraqi currency.”

He added that “the deletion of zeros to enhance the value of the Iraqi currency and reduce the cost of handling cash, currency, and its current estimated size of today Petrlionat dinars, which makes the process of dealing with critical high cost.”

The Central Bank of Iraq began to discuss amending the dinar categories last year. And is still a large part of the payments are in cash because of the evolution of the banking system.

It is said that the President of the Iraqi Securities Commission, had confirmed, earlier, that the deletion of zeros from the Iraqi currency will not affect trading in the Iraqi Stock Exchange and its shares.

[Nelson0528]

The central bank of Iraq, Tuesday, that the new Iraqi currency will increase by three zeros, indicating that he had conducted an extensive study concluded that the lifting of the zeroes will strengthen the value of the Iraqi currency.

The deputy governor of Central Bank of Iraq in favor of the appearance of Mohammed in an interview with “Twilight News” that “the central bank is determined to raise three zeroes from the currency of the new Iraqi and presented its project to the government and the House of Representatives, is awaiting the government’s decision and the Council of Representatives.”

Shows the economists, that the process of deleting three zeros from the Iraqi currency will raise its value, and to increase the purchasing power of citizens, pointing to the need to follow the policies of peaceful citizens and to persuade them to get used for a period not exceeding two years.

And the benefit of that “project raise three zeroes from the currency made by the government five years ago to the Central Bank, and has undergone during this period to an extensive study over the need to raise the value of the zeros to strengthen the Iraqi currency.”

He added that “the deletion of zeros to enhance the value of the Iraqi currency and reduce the cost of handling cash, currency, and its current estimated size of today Petrlionat dinars, which makes the process of dealing with critical high cost.”

The Central Bank of Iraq began to discuss amending the dinar categories last year. And is still a large part of the payments are in cash because of the evolution of the banking system.

It is said that the President of the Iraqi Securities Commission, had confirmed, earlier, that the deletion of zeros from the Iraqi currency will not affect trading in the Iraqi Stock Exchange and its shares.

Very interesting indeed!!! One of the most encouraging things I've seen in a couple weeks. Thanks Trooper!!!!!

[Heinzy444]

Increase? Add 3 zeros, I thought they were taking away 3 zeros? This Camel's chasing it's tail.

[dogtrainer55]

Increase? Add 3 zeros, I thought they were taking away 3 zeros? This Camel's chasing it's tail.

I think it translated wrong. I think they mean it will increase the VALUE.

[Heinzy444]

I think it translated wrong. I think they mean it will increase the VALUE.

Probably, I see rate and auction results are not posted yet:

http://www.cbi.iq/index.php?pid=Home

[GT ACE]

The central bank of Iraq, Tuesday, that the new Iraqi currency will increase by three zeros, indicating that he had conducted an extensive study concluded that the lifting of the zeroes will strengthen the value of the Iraqi currency

Read more: http://dinarvets.com/forums/index.php?/topic/81860-new-iraqi-currency-will-increase-by-three-zeros/#ixzz1WWOdluCN

So does this make my 25k dinar note worth 25,000,000!

[Realdinar]

The central bank of Iraq, Tuesday, that the new Iraqi currency will increase by three zeros, indicating that he had conducted an extensive study concluded that the lifting of the zeroes will strengthen the value of the Iraqi currency

Read more: http://dinarvets.com/forums/index.php?/topic/81860-new-iraqi-currency-will-increase-by-three-zeros/#ixzz1WWOdluCN

So does this make my 25k dinar note worth 25,000,000!

it actually wouldnt surprise me if they are meaning to add three zeros. Nothing else coming out of there is making any sense either. Sort of following the trend.

[captjohnk]

.00086 now =='s .86 is that easy enough?

[Alex38]

.00086 now =='s .86 is that easy enough?

I LIKE IT!!!

[Lotusflower]

Great, great news!! Thanks!

[mikep05]

.00086 now =='s .86 is that easy enough?

i think that could take care of the "add 3 zeros part"

[RV on my mind]

That would be sweet! (.86) Thank for the post.

[Darin]

.00086 now =='s .86 is that easy enough?

Increasing the 3 zeros could mean off the exchange rate. Would make sense... Since that is what we hope for when they talk about the removal of the 3 zeros.

Hard to determine...

I'm still looking for other key aspects to better explain their intentions & make it more cut & dry.

[firefighter_218546]

Thanks for the post,, that's Super Trooper.....

.00086 now =='s .86 is that easy enough?

If this is the case... I would like it..

[mqchau]

I would love it!!

[captjohnk]

remember their intention is to be an internationaly recognized currency and with the treee zeros that isn't possible.

[DinarDana]

Great article. I am very excited, this is playing out as I expected. I have always speculated that what they meant is to raise the zeros from the exchange rate. I hope this article and I am not wrong.

The Lopsters should be clawing about any time now.

[Nelg]

The central bank of Iraq, Tuesday, that the new Iraqi currency will increase by three zeros, indicating that he had conducted an extensive study concluded that the lifting of the zeroes will strengthen the value of the Iraqi currency.

“the central bank is determined to raise three zeroes from the currency of the new Iraqi.”

"that the process of deleting three zeros from the Iraqi currency will raise its value, and to increase the purchasing power of citizens,"

And the benefit . . . the zeros to strengthen the Iraqi currency.”

“the deletion of zeros to enhance the value of the Iraqi currency and reduce the cost of handling cash, currency, and its current estimated size of today Petrlionat dinars, which makes the process of dealing with critical high cost.”

that the deletion of zeros from the Iraqi currency will not affect trading in the Iraqi Stock Exchange and its shares.

IMO, the "increase" is talking about the increase in the value of the dinar by the removal/raising of the three zeroes. That's the point of the article. It was meant to clarify an assist the Iraqi citizen in understanding what is happening to the currency.

[fastarnie]

Nice, but when?

[JWJW11]

.00086 now =='s .86 is that easy enough?

Very nicely put! It is really that simple!

I cant believe this article has been up all day and none of the lopsters have posted about this.

BUT BUT they believe everything the CBI says.....

Guess none of them have figured out a way to spin it!

GO RV BABY!!! We are getting soooo close folks!!!

[Nelson0528]

oh, it's coming...

[estewart]

it actually wouldnt surprise me if they are meaning to add three zeros. Nothing else coming out of there is making any sense either. Sort of following the trend.

Wouldn't surprise me, either.

I LIKE IT!!!

WHY?

Has no effect on what you are holding?

[JOLLY ROGER]

Increase? Add 3 zeros, I thought they were taking away 3 zeros? This Camel's chasing it's tail.

NOT YES; BUT HELL YES !!!! The zeroes are whipping my Okie......

[Francie26]

.00086 now =='s .86 is that easy enough?

Then you divide that into $1.00, and the answer is: 1.16279097674418604551162790697. And that is what each of your dinar is worth in dollars. I presume you will tell me (kindly) if I am wrong--I had struggled to understand this part of it for a long time. I would see people say $1.17, and I couldn't understand how they got that number. I think I understand it now. But again, let me know if I'm wrong. Thanks much.