Popular Post k98nights Posted September 3, 2011 Popular Post Report Share Posted September 3, 2011 Govt planning to increase value of Iraqi Dinar by ommiting 3 zeros Dohuk, Sept. 3 (AKnews) - The Iraqi government is planning to increase the value of the Iraqi Dinar to become the "strongest in the Middle East" by removing three zeros, says a member of Iraqi parliament's Economic Committee. Iraq's current money, printed after the 2003 US-led war, is 150 times bigger in quantity than the Swiss edition of the Iraqi Dinar used in the country. Iraq's smallest bill used in the markets is the 250 Dinar bill (approximately US$0.2) Mahma Khalil told that the plan is to keep balance between the real value of the money and its value in the stock exchange market. "The omission of the three zeros from the Iraqi currency will increase the international confidence and credibility of it," said Mahma Khalil, "The Central Bank of Iraq (CBI) has a real strategy for this issue" CBI has stressed on more than one occasion on the need to delete the three zeroes and issue a new currency suitable for large transactions in addition to the presence of small coins. There has also been calls for currencies in the Arabic, Kurdish and English languages. "Iraq will have in the next few years large revenues of oil that could reach to 6 million bpd as well as gas revenues and income of industrial, agricultural and religious tourism," Khalila said, for which the county will need a currency with strong value in the world markets. CBI announced on June 23 about its willingness to delete the zeros of the Iraqi currency, and emphasized that this step is one of the strategic functions of the bank. Reported by Khudr Khallat RN/RY/AKnew http://www.aknews.com/en/aknews/2/260023/ 27 Link to comment Share on other sites More sharing options...
Shelley Posted September 3, 2011 Report Share Posted September 3, 2011 WOW the articles coming out today are incredible Thank you for the post K98 Everyone in DV land should have one big fat smile on their face today !!!!!! 4 Link to comment Share on other sites More sharing options...
behaviorkat Posted September 3, 2011 Report Share Posted September 3, 2011 1 Link to comment Share on other sites More sharing options...
Alex38 Posted September 3, 2011 Report Share Posted September 3, 2011 love it!!!! 2 Link to comment Share on other sites More sharing options...
Mazzz27 Posted September 3, 2011 Report Share Posted September 3, 2011 so the distribution of the lower denoms is irrelevant then???? Link to comment Share on other sites More sharing options...
Alex38 Posted September 3, 2011 Report Share Posted September 3, 2011 so the distribution of the lower denoms is irrelevant then???? Our 25K notes are gonna be fun to cash in :D :D 3 Link to comment Share on other sites More sharing options...
blulightning Posted September 3, 2011 Report Share Posted September 3, 2011 Link to comment Share on other sites More sharing options...
k98nights Posted September 3, 2011 Author Report Share Posted September 3, 2011 If this article doesn't make you smile you need to sell your dinar! LOL 6 Link to comment Share on other sites More sharing options...
vvalley Posted September 3, 2011 Report Share Posted September 3, 2011 I thought the Iraqi Govt. was still on holiday until 9/4???? ...Guess they're motivated for SOME reason to be working thru!!!! Link to comment Share on other sites More sharing options...
no left angles Posted September 3, 2011 Report Share Posted September 3, 2011 Our 25K notes are gonna be fun to cash in :D :D not for nothing, i have to give adam montanta where credit is due.....he didnt call the Rv or anything but he did say that we should be able to see some real good articles coming out of the sand box..... this looks pretty damn good...... GO RV! 1 Link to comment Share on other sites More sharing options...
odogtriever Posted September 3, 2011 Report Share Posted September 3, 2011 (edited) I like the sound of the IRD being the strongest in the land. RD does not make the currency strong in my opinion, just changes the numbers on the paper. IRD is not currently strong, this is good news! Edited September 3, 2011 by odogtriever Link to comment Share on other sites More sharing options...
cajunrescuemedic Posted September 3, 2011 Report Share Posted September 3, 2011 Excellant news, thanks for the post. GO RV !!! Link to comment Share on other sites More sharing options...
stargazer55 Posted September 3, 2011 Report Share Posted September 3, 2011 Awesome post, Woody! Thanks! Link to comment Share on other sites More sharing options...
leanonme Posted September 3, 2011 Report Share Posted September 3, 2011 Sounds good to me! Link to comment Share on other sites More sharing options...
OregonHopeful Posted September 3, 2011 Report Share Posted September 3, 2011 :D :D :D This is the best article I've seen for a while!!!!!!!!! I like the part about the "real value" which according to IMF is 2.92! This is as close to coming right out and saying it as we can get! GO RV!!!!!!!!!! 2 Link to comment Share on other sites More sharing options...
mrref Posted September 3, 2011 Report Share Posted September 3, 2011 so the distribution of the lower denoms is irrelevant then???? Yep that's what it sounds like.................. 1 Link to comment Share on other sites More sharing options...
tacson Posted September 3, 2011 Report Share Posted September 3, 2011 Govt planning to increase value of Iraqi Dinar by ommiting 3 zeros Dohuk, Sept. 3 (AKnews) - The Iraqi government is planning to increase the value of the Iraqi Dinar to become the "strongest in the Middle East" by removing three zeros, says a member of Iraqi parliament's Economic Committee. Iraq's current money, printed after the 2003 US-led war, is 150 times bigger in quantity than the Swiss edition of the Iraqi Dinar used in the country. Iraq's smallest bill used in the markets is the 250 Dinar bill (approximately US$0.2) Mahma Khalil told that the plan is to keep balance between the real value of the money and its value in the stock exchange market. "The omission of the three zeros from the Iraqi currency will increase the international confidence and credibility of it," said Mahma Khalil, "The Central Bank of Iraq (CBI) has a real strategy for this issue" CBI has stressed on more than one occasion on the need to delete the three zeroes and issue a new currency suitable for large transactions in addition to the presence of small coins. There has also been calls for currencies in the Arabic, Kurdish and English languages. "Iraq will have in the next few years large revenues of oil that could reach to 6 million bpd as well as gas revenues and income of industrial, agricultural and religious tourism," Khalila said, for which the county will need a currency with strong value in the world markets. CBI announced on June 23 about its willingness to delete the zeros of the Iraqi currency, and emphasized that this step is one of the strategic functions of the bank. Reported by Khudr Khallat RN/RY/AKnew http://www.aknews.com/en/aknews/2/260023/ How is this good news deleting the zeros? Am i missing something? 7 11 Link to comment Share on other sites More sharing options...
Laid Back Posted September 3, 2011 Report Share Posted September 3, 2011 HAPPY LIKE A FOOL GO RV => GO STRONG 3+ Link to comment Share on other sites More sharing options...
Texhad Posted September 3, 2011 Report Share Posted September 3, 2011 I am still believing for $3.86 per dinar. Go RV! Blessings, Texhad 3 Link to comment Share on other sites More sharing options...
LS1Hawk Posted September 3, 2011 Report Share Posted September 3, 2011 The Iraqi government is planning to increase the value of the Iraqi Dinar to become the "strongest in the Middle East" THATS WHAT IM TALKING ABOUT!!!!! 1 Link to comment Share on other sites More sharing options...
Stumpy Posted September 3, 2011 Report Share Posted September 3, 2011 As always, you the MAN Woody, thanks for the post! 2 Link to comment Share on other sites More sharing options...
zigmeister Posted September 3, 2011 Report Share Posted September 3, 2011 I am still believing for $3.86 per dinar. Go RV! Blessings, Texhad You and me both! Link to comment Share on other sites More sharing options...
Nelson0528 Posted September 3, 2011 Report Share Posted September 3, 2011 (edited) Govt planning to increase value of Iraqi Dinar by ommiting 3 zeros Dohuk, Sept. 3 (AKnews) - The Iraqi government is planning to increase the value of the Iraqi Dinar to become the "strongest in the Middle East" by removing three zeros, says a member of Iraqi parliament's Economic Committee. Iraq's current money, printed after the 2003 US-led war, is 150 times bigger in quantity than the Swiss edition of the Iraqi Dinar used in the country. Iraq's smallest bill used in the markets is the 250 Dinar bill (approximately US$0.2) Mahma Khalil told that the plan is to keep balance between the real value of the money and its value in the stock exchange market. "The omission of the three zeros from the Iraqi currency will increase the international confidence and credibility of it," said Mahma Khalil, "The Central Bank of Iraq (CBI) has a real strategy for this issue" CBI has stressed on more than one occasion on the need to delete the three zeroes and issue a new currency suitable for large transactions in addition to the presence of small coins. There has also been calls for currencies in the Arabic, Kurdish and English languages. "Iraq will have in the next few years large revenues of oil that could reach to 6 million bpd as well as gas revenues and income of industrial, agricultural and religious tourism," Khalila said, for which the county will need a currency with strong value in the world markets. CBI announced on June 23 about its willingness to delete the zeros of the Iraqi currency, and emphasized that this step is one of the strategic functions of the bank. Reported by Khudr Khallat RN/RY/AKnew http://www.aknews.com/en/aknews/2/260023/ This sounds a lot like they will issue the 100k notes and 250/500 coins for making change. Easing monetary requirements for large cash transactions; while making a modest increase in value practical through the use of the new coins... working their way towards making the large bills irrelevant... Edited September 3, 2011 by Nelson0528 1 Link to comment Share on other sites More sharing options...
srdedeaux Posted September 3, 2011 Report Share Posted September 3, 2011 Headum up Moveum Out RV, RV, RV Link to comment Share on other sites More sharing options...
Biker Posted September 3, 2011 Report Share Posted September 3, 2011 Good find Knight, bring it on my Brother, Go RVVVVVVVVVVVVVVVVVV Link to comment Share on other sites More sharing options...
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