Revaluation of the Iraq Dinar Soon to be Traded on Forex

[ronscarpa]

Revaluation of the Iraq Dinar Soon to be Traded on Forex

Forex World Site dated 9/15/11

This link is the page to find the below message.

http://www.forexworldsite.com/4499/revaluation-of-the-iraq-dinar-soon-to-be-traded-on-forex/

Revaluation of the Iraq Dinar Soon to be Traded on Forex

Posted by leclairekettlecornco in Forex News

Is it time deleting three zeros from the Iraqi currency

Project restructuring the Iraqi currency is facing a heavy legacy of inflation, which is fighting any possible economic reform.

Middle East Online

By: d. The appearance of Mohammed Qasim

In light of economic conditions and volatile financial pressure and monetary inflation that has befallen our country before, and led to negative effects on the regularity of the commercial market and the labor markets and production and living standards of citizens, it has generated distortions many structures, economic relations, among which was the Activity block cash many zeros of little value and way that is not commensurate with the future developments in the present and the future of the Iraqi economy, which requires a solution to these conditions and offal, and these solutions reform the management of currency cash through the structure and the deletion of zeros to control the flow and management of the cost of the cash block optimally.

The trading bloc cash exporting more than 30 trillion Iraqi dinars to the various groups and reflected by the number of securities traded $ 4 trillion paper money is the product of a long period of inflation and economic decline, rising, for example, the index of consumer prices Bassas 1993 from 100 to 200,000 in the midst of the year 2003, which means that the item that was sold for 100 dinars became sold for 200,000 dinars … And so on. Under such circumstances, the deterioration of the value of the coin currency rose greater than 25 dinars to 25,000 dinars, which means that inflation is added, these zeros

Categories do not fit with the current currency of the current economic situation and the next. For example, before the outbreak of the Iran-Iraq war was the category of 25 dinars equivalent to $ 75 purchasing power of the time or the equivalent in the present 300 thousand dinars. I said inflation in the country over three decades of zeros to the currency, although this did not raise those zeros of the purchasing power of the largest category of the coin is 25 thousand dinars, which is equal to today’s $ 21. We need today to restructure the currency. Valasfar mean large cluster of large cash in circulation today of about 30 trillion dinars, which requested the circulation of cash directly and significantly to the cost of sorting and counting and it takes time and spatial properties and security. In the price system, is the price is expressed in exchange value and thus the structure of costs and payments of salaries and the Cubs and eventually become Akiem all transactions not commensurate with the needs of the country into a cash management system consistent with the restructuring of the real sector and price levels reached. The country needs a monetary system is easy to handle small groups and large reflect the real cost of that structure.

Especially if we know that inflation means self-rising prices of cash money price of goods and services (ie, how much money we need in exchange for package of goods and services .. the more increase the amount of money allocated in exchange for the package itself means that there is inflation or a rise in the price of money) . note that the value of money is inversely proportional with the price of money, especially if Maalmana that price is the value of goods and services expressed in cash. Since the money is anything agreed upon the community to become a broker of exchange and store of value and unit of account, the money (legal) issued by the Monetary Authority under the law and with the power of discharge of the receivables and is seen as a social institution Social Institution increases the efficiency of the economy and economic ventures in moving the exchange efficiency of the institution social or money, and vice versa. Has led to high inflation continued currency of No. 23 billion dinars in 1991 to about 30 trillion dinars at the present time, the high currency the largest category of 25 dinars to 25,000 dinars over time. In this, draw the inflation figures of new currency in circulation by adding three zeros, which increased the amount of cash operations in nominal and arranged the production costs of large quantities of them were accompanied by operations, storage, and distribution of promise, sort and check to accompany her and the levels increase, helped to increase the operational risks associated with Operational Risk.

In the light of price stability and optimism in Iraq’s future development, it became necessary to hold a radical overhaul of management system of currency and the re-structure commensurate with the structure of the new price is different, stable and levels of wages and salaries, which differed significantly from the last thirty years, as well as handling the mass of large cash weak components so that become the largest category of currency, but not worth $ 21 U.S. for the time being. Noting that the increase in gross domestic product, Iraq’s $ 140 billion at year-end 2010 to more than $ 300 billion at the end of 2015, will raise the monetary mass exported from the 30 trillion dinars to about 70 trillion dinars. And installation in the structure of the weak currency as mentioned above may take the added cost is called the cost of cash transactions in terms of traded between individuals and within individuals, banks and the banking system.

The demand for the U.S. dollar (in particular the category of $ 100) has become an urgent need for the settlement of cash transactions in the local market beyond the control of monetary policy to the fact that market is looking at the transactions into categories, the largest currently unavailable, but it reflected the category of U.S. currency large for easy carrying and handling. Therefore, the monetary system of Iraq need to reform the administrative order to have a monetary of high purchasing power in the trading easy pregnancy and acquisitions in order to facilitate exchanges cash for the purposes of transactions and trading noting that the imbalance in the structure or installation of monetary units have the depth of the problems of “dollarization”, which impacted undesirable on the effectiveness and performance of monetary policy.

In Sweden, for example, that where there is currently one of the best systems of cash payments in the world, however, the cost of trading cash counting, sorting, transport and storage of the coin cost the national economy gain of 4% of the GDP of Sweden. How can we compare this in a country like Iraq shall be managed so amounts of cash tremendous weak structure, which adds the cost of cash transactions may have up to 8% or more of the gross domestic product, a burden borne by the individual in his dealings, which took reduces the efficiency of the exchange as a social support for the institutions of the economy different, including the market as evidenced by the large cash transactions are limited to the payment in U.S. dollars, which means substituting other country’s currency in circulation for the award of cash transactions because of falling efficiency and installation of the current monetary bloc.

And raises the multiplicity of the zeros on the categories of currency with a lower purchasing power has enormous difficulties, including the difficulty to express the monetary value as well as the difficulties of monetary operations itself and the technical problems in the recording of statistical data and registration in the accounting books and changing the computer systems and settlement systems as well as show price figures for a long difficult sometimes even counters or digital device, read the digit at gas stations or other digital devices.

On this basis, the need to reform the system of cash payments through the following advantages:

First

- At the horizontal level: delete the three zeroes

- Transfer of 30 trillion dinars to $ 30 billion by deleting three zeros from the current currency and replace it with a new currency making it easier to handle arithmetic with numbers are less numerous on the level of the accounts of the federal budget, budgets of banks and companies as well as balancing family cash (individuals) without arranging any change or change of income or monetary wealth of the people, the natural and moral as well as the lack of impact on the contracts and obligations between natural persons and legal entities all. It generates a so-function sports homogeneous degree zero Homogenous Function of Degree Zero, as long as the amount of new money covers the smaller number in the package of commodity exchange in the same old money with the largest number.

II.

- On the vertical plane, the restructuring of the currency and installed

- As the large category of $ 25,000 a JD alone (two thirds of the amount of securities traded), the biggest issue categories mean reduction of four trillion banknote currently in circulation and converted to a number equal to (2.8) billion banknotes. Stakhtzel as large groups of the coin about 90% of the total categories exported to the circulation.

Based on the foregoing, the cost of cash transactions between individuals, banks, and between individuals themselves, natural or moral will fall inevitably in terms of the cost of counting and checking. If Maalmana, the banknotes traded eroded the average over a period of five years, which means the replacement of enormous mass weak structure and the consequent costs of printing specifications, a high-security burden is borne by the authority of another version of the remnants of a cash management system cash generated by the economic downturn and the former has become not fit, stability and economic progress desired.

Finally, that the reasons for changing the currency of the current reflects the fruit of economic stability and success of the policies of the Iraqi Central Bank in maintaining stability and of stability of the Iraqi dinar exchange rate and lower inflation to the level of one decimal place and build reserves of foreign support of the Iraqi dinar at levels not previously achieved during the last thirty years ago, which is a cover Iraqi currency. In addition to improving the system of cash payments and leave him stuck to the past and the actual composition and its imbalances and economic re-construction on the future of economic development and its data in real and nominal.

So, has prepared the Iraqi Central Bank strategic long-term viable future, when the availability of the appropriate opportunity and gradually according to clear instructions and regulations, guidelines provide protection of the rights and interests in line and the stage of prosperity ahead, economic growth is expected in terms will increase the average per capita income in the coming years to more than once and will step steps towards economic progress, which requires a reform of the waste stages of inflation and may require some legislation in this regard.

D. The appearance of Mohammed Qasim

Deputy Governor of the Central Bank of Iraq

[zigmeister]

Is this for real?

[OKLAHOMA]

Is this a forex blog site?

[vvalley]

...Very interesting....Now, let's just see SOME kind of action...

[Dalite]

- At the horizontal level: delete the three zeroes

- Transfer of 30 trillion dinars to $ 30 billion by deleting three zeros from the current currency and replace it with a new currency making it easier to handle arithmetic with numbers are less numerous on the level of the accounts of the federal budget, budgets of banks and companies as well as balancing family cash (individuals) without arranging any change or change of income or monetary wealth of the people, the natural and moral as well as the lack of impact on the contracts and obligations between natural persons and legal entities all. It generates a so-function sports homogeneous degree zero Homogenous Function of Degree Zero, as long as the amount of new money covers the smaller number in the package of commodity exchange in the same old money with the largest number.

Classic ReDenomination.

Now it seems to be circulating around the world, if the FOREX sites are confirming it.

Reducing 30 Trillion Dinar to 30 Billion by deleting 3 zeros is a not a revaluation, it confirms a divide by 1000 process.

[DRV1804]

Classic ReDenomination.

Now it seems to be circulating around the world, if the FOREX sites are confirming it.

Reducing 30 Trillion Dinar to 30 Billion by deleting 3 zeros is a not a revaluation, it confirms a divide by 1000 process.

Dalite my friend does this mean I should start drinking early tonight?! Man this sucks!! Thank you for your input I always respect it......

PS i evened out that negative someone gave you.....

Edited September 16, 2011 by DRV1804

[Dalite]

Is this a forex blog site?

It was a press release from the Central Bank of Iraq.

It appears to have gone viral, so I would expect it will be the topic of many chats and conference calls and blogs .

The same article was posted in the news section here at DV on the 14th.

[Mazzz27]

It was a press release from the Central Bank of Iraq.

It appears to have gone viral, so I would expect it will be the topic of many chats and conference calls and blogs .

The same article was posted in the news section here at DV on the 14th.

so youre saying start looking into future investments?

[tim5400]

it seems they are letting the citizens of Iraq know about the restructuring.....IS THIS THE EDUCATION of the CITIZENS we are waiting for ?????

[hame55]

Classic ReDenomination.

Now it seems to be circulating around the world, if the FOREX sites are confirming it.

Reducing 30 Trillion Dinar to 30 Billion by deleting 3 zeros is a not a revaluation, it confirms a divide by 1000 process.

NIGHTLITE

Why are you here? Why do you hang around this website and keep parroting the same blues? Don't you know we hear your opinion? "It's going to LOP " you stated about a thousand times. You won't make a profit, so why waste your time here? (according to your theory)

The only thing that makes sense is you are here only to cast doubt, discouragement and shame...not a great use of your time, is it?

Go away.

[DinarDana]

part of this article was posted yesterday or it seems. I did a lot of research on the cash management of Sweden. I wish I had time to repost on this thread but I am heading out. Basically, it states that cash management is handled by supply. really worth reading. no we may not be as wealthy as some were lead to believe, but there's hope. Check in later.

[Dalite]

Dalite my friend does this mean I should start drinking early tonight?! Man this sucks!! Thank you for your input I always respect it......

PS i evened out that negative someone gave you.....

Thanks for evening me out.

As you know, I don't really like this outcome. Like you and everyone else, I think it stinks.

And, while I can see the logic behind it, I also see the distrust and confusion it is bringing.

Sometimes we know what we should do, and end up doing what we have to do; usually two different things entirely.

Take a drink and loosen up. But don't throw in the towel. I haven't.

It does look a little bleak, but it ain't over till it's over.

No need to filter the entire bottle yet...

NIGHTLITE

Why are you here? Why do you hang around this website and keep parroting the same blues? Don't you know we hear your opinion? "It's going to LOP " you stated about a thousand times. You won't make a profit, so why waste your time here? (according to your theory)

The only thing that makes sense is you are here only to cast doubt, discouragement and shame...not a great use of your time, is it?

Go away.

I am here because I own dinar, and add something to the discussion.

If you are so threatened by that, take your own advice.

I know what the possibilities are, and can face reality.

I also know there is still a very real profit potential, but not what everyone was promised.

If you can't live with anything less than being a millionaire, write a will and get your affairs in order.

I prefer to ride it out until the end; knowing what the possibilities are.

Why are you here?

Have you ever taken part in a discussion here other than to disparage others?

[jeepguy]

that was posted in for-ex news by --- le clair kettle corn co. ----- i think this has been pushed a couple times in other forums medias,, i believe for-ex is getting the claws in to the dinar investors ,,, also have seen a view point from for-ex blogger they are just that blogs ,,, they are in the job of money trading and they and do post their ideas ,,,,, just have too wait and read the next set of news folks ----- knock knock,,, who is there ??? dinar dinar is dang close !!!!!

[31BMP]

I soiled myself... now I'm gonna go buy more Dinar!!!!!!!!

j.k

[Dalite]

part of this article was posted yesterday or it seems. I did a lot of research on the cash management of Sweden. I wish I had time to repost on this thread but I am heading out. Basically, it states that cash management is handled by supply. really worth reading. no we may not be as wealthy as some were lead to believe, but there's hope. Check in later.

Excellent assessment.

It is all about balance...

[zigmeister]

Now come on Dalite has so much to offer to this board and even if we hate the dreaded lop talk, he has so many great insights on the political world of not just Iraq but other countries as well. He still must have hope or he would not be here. Hell anything can happen at this juncture.

[Mazzz27]

lol that sux..everyones making it seem like being a millionaire is out of the question now

[Dalite]

so youre saying start looking into future investments?

I can't tell anyone what to do.

I'm not getting completely out of the Dinar. I converted some of mine to gold and silver to save some future spreads when I have to get the new currency to keep holding.

I also still have physical Dinar, as anything is still possible.

With the rumblings of Kurdistan withdrawing, their past desires to be their own state, with their own money, there is one to watch.

I think we should always keep our eyes open for ways to make money work for us.

The Dinar will pay off; maybe not as much and as soon as we would all like, but it still has great promise.

All this RD/RV arguing is secondary to the power struggles Iraq is going through.

That is what we should be concentrating on...

[zigmeister]

I can't tell anyone what to do.

I'm not getting completely out of the Dinar. I converted some of mine to gold and silver to save some future spreads when I have to get the new currency to keep holding.

I also still have physical Dinar, as anything is still possible.

With the rumblings of Kurdistan withdrawing, their past desires to be their own state, with their own money, there is one to watch.

I think we should always keep our eyes open for ways to make money work for us.

The Dinar will pay off; maybe not as much and as soon as we would all like, but it still has great promise.

All this RD/RV arguing is secondary to the power struggles Iraq is going through.

That is what we should be concentrating on...

It has been said not to look so closely as to what the articles are saying, but follow the money. What are your thoughts on that?

[Dalite]

Now come on Dalite has so much to offer to this board and even if we hate the dreaded lop talk, he has so many great insights on the political world of not just Iraq but other countries as well. He still must have hope or he would not be here. Hell anything can happen at this juncture.

Zigmeister,

Thank you sir. I appreciate the kind words.

I don't mean to be a pox on everyones dreams.

And you are absolutely correct in your sizing things up.

If I didn't have hope, I wouldn't be here.

Thank you again, I am truly humbled by your kind words..

Edited September 16, 2011 by Dalite

[xyzzy]

NIGHTLITE

Why are you here? Why do you hang around this website and keep parroting the same blues? Don't you know we hear your opinion? "It's going to LOP " you stated about a thousand times. You won't make a profit, so why waste your time here? (according to your theory)

The only thing that makes sense is you are here only to cast doubt, discouragement and shame...not a great use of your time, is it?

Go away.

The "we'll all be mega-wealthy any day now" gang have posted "NO-LOP" a thousand times and "GO RV" about a million times. If you are so sure your future is certain why are you here? Do you think if a giant RV occurred you would not hear about it over every news channel? Do you think you have to be on a site like this in order to find out that "the largest wealth transfer in history" has occurred?

Obviously we are all here due to a shared interest in the dinar investment that most everyone here likely still holds. It is no less appropriate for one side to express their view than the other. Could it be that you want folks that express the view that we will not be mega-wealthy to go away as you in fact understand that they are correct?

[Carrello]

Is this for real?

I think this is the document that Enoch8 was evaluating yesterday. Give me a minute. I will check.

[tommy17]

Excellent assessment.

It is all about balance...

For every article you interpret that there is gonna be a lop they're is 3 that say other wise. They have even come out and said it they want it on par with the U.S dollars. They are telling they're people that they money is going up in value. To get they're economy going , stock market, and to start selling their oil on the open market you have to have value to your currency. It's just common sense. Watch what they do not what they say.

[Francie26]

And remember all the smoke and mirrors we were promised would be out there the closer we came to the RV? I think this is just more smoke and mirrors. We simply don't know what the results will be, but I would bet Shabibi wants to keep all of us on tenderhooks, and hopefully get some of our dinar back for a small investment from CBI.

[paj1985]

Would be great if adam or sonny comment on this article.