Popular Post sonny1 Posted August 30, 2011 Popular Post Report Share Posted August 30, 2011 Iraqi Central Bank unveiled, Tuesday, that the new Iraqi currency be lifted by three zeroes, stating that he had conducted an exhaustive study concluded that lifting the Iraqi currency would strengthen the zeros. Deputy Governor Central Bank of Iraq the appearance of Mohamed Saleh said in an interview for "twilight news", "the Central Bank is determined to raise three zeros from the new Iraqi currency, the Government introduced its House, and is awaiting the decision of the Government and the House". Economists, shows that the process of deleting the three zeros from the Iraqi currency will raise its value and increased purchasing power of citizens, pointing to the need to pursue policies to persuade citizens and get calm for a period not exceeding two years. And the "draft three zeros from the currency lifted by the Government five years ago to the Central Bank, and throughout this period to have undergone extensive study resulted in the need to strengthen the currency lifted zeros." "Delete zeros strengthened Iraqi currency and reduce the cost of cash handling and currency current estimated today, dinars by trillions make monetization process with a high cost." The Central Bank of Iraq had begun consideration of an amendment last year dinar categories. A large part of the payments still being cash because the evolution of the banking system. The head of the Iraq Securities Commission, emphasized earlier, that the deletion of the zeros of Iraqi currency in circulation will not affect the Bourse and its shares. K e http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.shafaaq.com%2Fsh2%2Fnews%2Feconomy-news%2F33218-2011-08-30-06-17-37.html 25 Link to comment Share on other sites More sharing options...
Nelson0528 Posted August 30, 2011 Report Share Posted August 30, 2011 Iraqi Central Bank unveiled, Tuesday, that the new Iraqi currency be lifted by three zeroes, stating that he had conducted an exhaustive study concluded that lifting the Iraqi currency would strengthen the zeros. Deputy Governor Central Bank of Iraq the appearance of Mohamed Saleh said in an interview for "twilight news", "the Central Bank is determined to raise three zeros from the new Iraqi currency, the Government introduced its House, and is awaiting the decision of the Government and the House". Economists, shows that the process of deleting the three zeros from the Iraqi currency will raise its value and increased purchasing power of citizens, pointing to the need to pursue policies to persuade citizens and get calm for a period not exceeding two years. And the "draft three zeros from the currency lifted by the Government five years ago to the Central Bank, and throughout this period to have undergone extensive study resulted in the need to strengthen the currency lifted zeros." "Delete zeros strengthened Iraqi currency and reduce the cost of cash handling and currency current estimated today, dinars by trillions make monetization process with a high cost." The Central Bank of Iraq had begun consideration of an amendment last year dinar categories. A large part of the payments still being cash because the evolution of the banking system. The head of the Iraq Securities Commission, emphasized earlier, that the deletion of the zeros of Iraqi currency in circulation will not affect the Bourse and its shares. K e http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.shafaaq.com%2Fsh2%2Fnews%2Feconomy-news%2F33218-2011-08-30-06-17-37.html Yep.... lookin' good!!! Thanks sonny1!!! 1 Link to comment Share on other sites More sharing options...
Alex38 Posted August 30, 2011 Report Share Posted August 30, 2011 Link to comment Share on other sites More sharing options...
streakinblue2 Posted August 30, 2011 Report Share Posted August 30, 2011 LOP ?? 5 37 Link to comment Share on other sites More sharing options...
Shelley Posted August 30, 2011 Report Share Posted August 30, 2011 Thanks Sonny.... All sounds great !!!! Link to comment Share on other sites More sharing options...
Popular Post sonny1 Posted August 30, 2011 Author Popular Post Report Share Posted August 30, 2011 LOP ?? loppng-rd'ing doesnt raise purchasing power, it keeps the broke, broke, and doesnt create jobs. 18 Link to comment Share on other sites More sharing options...
mariejose Posted August 30, 2011 Report Share Posted August 30, 2011 what a great first post to read this morning 1 Link to comment Share on other sites More sharing options...
ONOCHE Posted August 30, 2011 Report Share Posted August 30, 2011 LINK,Date 09-15-2011? Link to comment Share on other sites More sharing options...
R2d2dc Posted August 30, 2011 Report Share Posted August 30, 2011 Sounds like they may start moving on it, although the rate at which they move is a snails pace. Just sayin'. 1 Link to comment Share on other sites More sharing options...
Bulls 2011 Posted August 30, 2011 Report Share Posted August 30, 2011 Great News Link to comment Share on other sites More sharing options...
streakinblue2 Posted August 30, 2011 Report Share Posted August 30, 2011 LINK,Date 09-15-2011? 9:15....is that the time? They used a : 2 Link to comment Share on other sites More sharing options...
RonSkilbeck Posted August 30, 2011 Report Share Posted August 30, 2011 LOP ?? Yep! A redenomination... Why anyone would give you neg (-) for asking is beyond me. But when a person's money is dependant on their point of view, seldom will it change - in spite of overwhelming evidence to the contrary. This has become a cult mentality - a political position - not an investment. 13 36 Link to comment Share on other sites More sharing options...
racbluto Posted August 30, 2011 Report Share Posted August 30, 2011 thanks sonny!!!! I still have hope that this will have a positive ending and soon. We have been on this ride way to long. Link to comment Share on other sites More sharing options...
Tubbs Posted August 30, 2011 Report Share Posted August 30, 2011 what a great first post to read this morning Just waking up, thanks for the the encouraging post Time to work out Go R V Link to comment Share on other sites More sharing options...
captl1 Posted August 30, 2011 Report Share Posted August 30, 2011 Thanks Sonny1. You make it real Link to comment Share on other sites More sharing options...
Francie26 Posted August 30, 2011 Report Share Posted August 30, 2011 LOP ?? Good grief!! You just had to try to throw cold water on this good news as fast as possible!! Get over it!! 8 6 Link to comment Share on other sites More sharing options...
mike032588 Posted August 30, 2011 Report Share Posted August 30, 2011 The head of the Iraq Securities Commission, emphasized earlier, that the deletion of the zeros of Iraqi currency in circulation will not affect the Bourse and its shares. If the Deletion of zeros dont affect the amount of shares in the ISX than a zero LOP, Redom, Or RV will all affect those who hold shares in the ISX in a very good way... In otherwords a zero lop is an RV for those in the ISX... 1 1 Link to comment Share on other sites More sharing options...
Realdinar Posted August 30, 2011 Report Share Posted August 30, 2011 loppng-rd'ing doesnt raise purchasing power, it keeps the broke, broke, and doesnt create jobs. Rd is value neutral. So to have 100,000 dinar then after a lop of 3 zeros is to have 100 dinar. With both currencies in circulation, nothing changes in value. No raising in value. Glad to see Iraq wants to raise the purchasing power. Good post sonny1. 4 1 Link to comment Share on other sites More sharing options...
smitty1929 Posted August 30, 2011 Report Share Posted August 30, 2011 So, They are going to drop off 3 zero's, that would make the currency basically worth the same as ours. I am now pretty sure that is isn't the pot of gold that i had hoped for. Surfing around on all the Dinar sites has been fun and this has been like a lottery ticket that didn't go bad. I think the best case scenario, they RV to the speculated rate of 3.68 dollars to one dinar, that would give you a profit of 2,680 on top of your 1k investment. I can live with that. If we are able to exchange it with out going through the places that it was originally purchased, then you would still have a chance to show a profit. Personally I don't think it will go to 3.68, I think it will go to about 1.5, and stay there for a long time, costing us money on the exchange. But, the amount of dreams and excitement from all this ........Priceless!!! Link to comment Share on other sites More sharing options...
Realdinar Posted August 30, 2011 Report Share Posted August 30, 2011 (edited) So, They are going to drop off 3 zero's, that would make the currency basically worth the same as ours. I am now pretty sure that is isn't the pot of gold that i had hoped for. Surfing around on all the Dinar sites has been fun and this has been like a lottery ticket that didn't go bad. I think the best case scenario, they RV to the speculated rate of 3.68 dollars to one dinar, that would give you a profit of 2,680 on top of your 1k investment. I can live with that. If we are able to exchange it with out going through the places that it was originally purchased, then you would still have a chance to show a profit. Personally I don't think it will go to 3.68, I think it will go to about 1.5, and stay there for a long time, costing us money on the exchange. But, the amount of dreams and excitement from all this ........Priceless!!! Right, its been a really good time and investment. Basically, from what you are saying is its cool to break even and not lose money. I respect that. What if I wrote you a check for $1000 dollars and many ppl made the case that My check I gave you could be worth 3 times as much. Time went by, and one day I informed you to give me back the check and I will give you one for $1. Then I increased the value by 3. So now you have $3 dollars instead of $3000. Its really been worth it! Edited August 30, 2011 by Realdinar 2 1 Link to comment Share on other sites More sharing options...
Dalite Posted August 30, 2011 Report Share Posted August 30, 2011 loppng-rd'ing doesnt raise purchasing power, it keeps the broke, broke, and doesnt create jobs. Contracting the money supply gives the remaining currency greater value. This is one of the most basic concepts of economics. Anytime you have less of something that is needed, it becomes worth more. These links will help you to understand better, so you can provide more accurate information. Fundamentals of Currency Redenomination Dropping Zeros Explained Since you so graciously offered to help me understand the process, I feel it a compassionate gesture on my part to extend the same offer... 5 5 Link to comment Share on other sites More sharing options...
Realdinar Posted August 30, 2011 Report Share Posted August 30, 2011 Contracting the money supply gives the remaining currency greater value. This is one of the most basic concepts of economics. Anytime you have less of something that is needed, it becomes worth more. These links will help you to understand better, so you can provide more accurate information. Fundamentals of Currency Redenomination Dropping Zeros Explained Since you so graciously offered to help me understand the process, I feel it a compassionate gesture on my part to extend the same offer... on one of your links on page 2, it says some countries rd, but only after they have reigned in inflation. Sir, check Turkey. Not the case at all. You advised sonny to provide more accurate information? Link to comment Share on other sites More sharing options...
burn_the_village Posted August 30, 2011 Report Share Posted August 30, 2011 LOP ?? I think they want too because they know that the majority of foreign investors are Americans and a lot of them can't stand us. But the truth is that they wont LOP....they can't afford to pay out billions in a scenario with no one buying their money anymore... The fact that we are even interested in it, is a success on their part or the pumpers part...whatever...Dinar is strong in America!! Anyway, no Lopping country of the past has ever had the amount of foreign currency investors as this one!! btw, don't expect a fat RV either... hahaha 2 2 Link to comment Share on other sites More sharing options...
estewart Posted August 30, 2011 Report Share Posted August 30, 2011 Rd is value neutral. So to have 100,000 dinar then after a lop of 3 zeros is to have 100 dinar. With both currencies in circulation, nothing changes in value. No raising in value. Glad to see Iraq wants to raise the purchasing power. Good post sonny1. I am ASTOUNDED how peeps are saying, "great news." This is BAD NEWS! IF an RV occurs BEFORE the LOP (RD) occurs we can make a few million. If an RV occurs AFTER the LOP (RD) we can ONLY make a few thousand. And that's it. Fact of REALITY! Those existing zeros, for us, are incredibly beautiful. IF they disappear so will our possible gain. FACT. So, good news? No. Horrible news. Get with the program! 8 4 Link to comment Share on other sites More sharing options...
keylime Posted August 30, 2011 Report Share Posted August 30, 2011 I am ASTOUNDED how peeps are saying, "great news." This is BAD NEWS! IF an RV occurs BEFORE the LOP (RD) occurs we can make a few million. If an RV occurs AFTER the LOP (RD) we can ONLY make a few thousand. And that's it. Fact of REALITY! Those existing zeros, for us, are incredibly beautiful. IF they disappear so will our possible gain. FACT. So, good news? No. Horrible news. Get with the program! I'm glad you said "IF" this happens or "IF" that happens....I finally can agree with you....My hope is that the first "IF" happens.... That's all I'm sayin......Again.....Good Post...It leaves wiggle room.... 1 Link to comment Share on other sites More sharing options...
Recommended Posts