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educate citizens changing money and use it before you delete the zeros of


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Najib calls to educate citizens changing money and use it before you delete the zeros of

Baghdad, 21/11: Member of the Finance Committee called on the parliamentary and MP for the Kurdistan Alliance bloc Najiba Najib, "not to rush the implementation of the process of switching the currency period of time a few, but should be taught in detail to determine the positive and negative aspects," emphasizing "the need to deploy awareness among citizens through the media on how the currency exchange and use. " And Najib said in a statement (the fraternity) that "the project to delete three zeros from the Iraqi currency is not working to increase the value of the Iraqi dinar against foreign currencies, but is a matter of formality for the restructuring of the currency and reduce the money supply." Najib and explained that "the project to delete the zeros of the Iraqi currency will make it easier for banks and banks, merchants and owners of large sums of money transfer money from one place to another is the opposite of what it is now the currency that they are replacing the current foreign currency." She added that the goal of this project is to "re-structuring of the currency and make it more heavily traded by investors and Iraqi banks and stay away from trading in foreign currency being reduced from the cluster's monetary currency," and continued that "This project presented a proposal by the Central Bank and not seen Parliament on the details in full and the meeting occurred only between the administration of the Central Bank and the Parliamentary Finance Committee and confirmed that they intend to implement this project. " And invited member of the Knesset Finance "not to rush the implementation of such a large project time period is a few but should be taught in detail to find out the negative aspects and positive," emphasizing "the need to raise awareness among citizens through the media how to switch the currency and use it."

http://www.hawpaymani.org/index.php?aa=news&id22=1581〈=

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They will RV, then RD. They will educate the citizens before they will RD. For now, it wouldn't be too hard to follow a 1:1 RV.

If they can RV, then there is no RD needed.....

You cant RV the dinar to a 1 to 1 level with the USD and then redenominate....with what the CBI is stating with a RD by removing the zeros...it would be like getting a new 10 dinar note (RVd of course) then removing three zeros from that?? It would be like taking your RVd 10 dinar note and making it the value of .010 dinar....

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If they can RV, then there is no RD needed.....

You cant RV the dinar to a 1 to 1 level with the USD and then redenominate....with what the CBI is stating with a RD by removing the zeros...it would be like getting a new 10 dinar note (RVd of course) then removing three zeros from that?? It would be like taking your RVd 10 dinar note and making it the value of .010 dinar....

I hope they revalue 1 to 1. redenominate (meaning introduce lower notes) then retire all the notes with three zeros.

Go rv

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The fianance ministry is supporting the banking sector by srewing their own people with this propoganda; "the deleting of the 3 zero's is not increasing the value of the Dinar against forein currency's but is a mere formality" The banks and ministry are taking a chapter from the Fed and banking sector in the USA! Thats what this article is saying.....

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You are of course right, these articles are what they are and all of them are plainly stating they are going to RD, it does us no good to read into it the way we WANT it to be because that won't change a thing. Our only hope here is that they might be lying to cover their real intentions but that hope is looking more bleak the longer it goes on and with every time a new article comes out.

aand do you honestly think in a million years they would give out their real intetions this is IRAQ we are talking about here its not going to happen until it has been done.

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I hope they revalue 1 to 1. redenominate (meaning introduce lower notes) then retire all the notes with three zeros.

Go rv

I hope they can revalue 1 to 1 as well....or just RV period lol.....

I think there is some confusion with the redenomination term though....just introducing lower denoms wouldnt be redenominating...thats just adding to the current series of notes...

Redenominations are bad all across the board because you are not getting an even exchange, and a whole new currency is introduced invalidating the old after the exchange in period....

What happened in 2003 with the first exchange wasent a redenomination either....they just changed the face of the currency and added a few notes to make a complete series but the values were exactly the same....

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aand do you honestly think in a million years they would give out their real intetions this is IRAQ we are talking about here its not going to happen until it has been done.

Exactly, but there sure doing a bunch of talking. if this was a rv it would be hush hush. no need to lie everyday, and describe a rd to your people for no reason, unless its true. because like you said easy, they sure in the heck arent talking about a rv.

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If they can RV, then there is no RD needed.....

You cant RV the dinar to a 1 to 1 level with the USD and then redenominate....with what the CBI is stating with a RD by removing the zeros...it would be like getting a new 10 dinar note (RVd of course) then removing three zeros from that?? It would be like taking your RVd 10 dinar note and making it the value of .010 dinar....

With all due respect Human known as "keepmwlknfy". The denominations you are suggesting here and in other posts are illogical. Not only are they illogical they have never existed. Our curency here is divided into 100's - the penny. Their (Iraq's) currency is divided into 1000's- the fils. DinarBot has been here 7 years and counting and your theory has been introduced and dismantled on several occasions. For example, moving the "decimal" over 3 "places" on the exiting .500 note would be 500 fils (or half Dinar) the 250 note .250 fils (1/4 dinar) - problems arise when we get to the 50 note or .050 fils (or Half of a Fils) - NOT Half a Dinar - Half of a Fils - they do not exist nor have they ever existed in the "fils" system. It would be similar to issuing a Half penny today in the US - illogical and not needed in any capacity. Humans can't be Beat. Go Humans.

DinarBot Archive:

Coins were introduced in 1931 and 1932 in denominations of 1, 2, 4, 10, 20, 50 and 200 fils, seats with the 200 fils known as a rial. The 20, 50 and 200 fils were minted in silver. In 1953, silver 100 fils coins were introduced.

Following the establishment of the Iraqi Republic, a new series of coins was introduced in denominations of 1, 5, 10, 25, 50 and 100 fils, with the 25, 50 and 100 fils in silver until 1969. In 1970, 250 fils pieces were introduced, followed by 500 fils and 1 dinar coins in 1982. Coin production ceased after 1990.

In 2004, new 25-, 50- and 100-dinar coins were introduced. However, these coins proved to be unpopular and were withdrawn from circulation

In 1931, banknotes were issued by the government in denominations of ¼, ½, 1, 5, 10 and 100 dinar. The notes were printed in the United Kingdom. From 1931 to 1947, the banknotes were issued by the Iraqi currency board for the government of Iraq and banknotes were convertible into pound sterling. From 1947, the banknotes were issued by the National Bank of Iraq, then after 1954 by the Central Bank of Iraq.

100 dinars notes ceased production in the 1940s but otherwise, the same denominations were issued until 1978, when 25 dinars notes were introduced. In 1991, 50 and 100 dinars were introduced, followed by 250 dinars notes in 1995 and 10,000 dinars notes in 2002.

http://en.wikipedia.org/wiki/Iraqi_dinar

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With all due respect Human known as "keepmwlknfy". The denominations you are suggesting here and in other posts are illogical. Not only are they illogical they have never existed. Our curency here is divided into 100's - the penny. Their (Iraq's) currency is divided into 1000's- the fils. DinarBot has been here 7 years and counting and your theory has been introduced and dismantled on several occasions. For example, moving the "decimal" over 3 "places" on the exiting .500 note would be 500 fils (or half Dinar) the 250 note .250 fils (1/4 dinar) - problems arise when we get to the 50 note or .050 fils (or Half of a Fils) - NOT Half a Dinar - Half of a Fils - they do not exist nor have they ever existed in the "fils" system. It would be similar to issuing a Half penny today in the US - illogical and not needed in any capacity. Humans can't be Beat. Go Humans.

DinarBot Archive:

Coins were introduced in 1931 and 1932 in denominations of 1, 2, 4, 10, 20, 50 and 200 fils, seats with the 200 fils known as a rial. The 20, 50 and 200 fils were minted in silver. In 1953, silver 100 fils coins were introduced.

Following the establishment of the Iraqi Republic, a new series of coins was introduced in denominations of 1, 5, 10, 25, 50 and 100 fils, with the 25, 50 and 100 fils in silver until 1969. In 1970, 250 fils pieces were introduced, followed by 500 fils and 1 dinar coins in 1982. Coin production ceased after 1990.

In 2004, new 25-, 50- and 100-dinar coins were introduced. However, these coins proved to be unpopular and were withdrawn from circulation

In 1931, banknotes were issued by the government in denominations of ¼, ½, 1, 5, 10 and 100 dinar. The notes were printed in the United Kingdom. From 1931 to 1947, the banknotes were issued by the Iraqi currency board for the government of Iraq and banknotes were convertible into pound sterling. From 1947, the banknotes were issued by the National Bank of Iraq, then after 1954 by the Central Bank of Iraq.

100 dinars notes ceased production in the 1940s but otherwise, the same denominations were issued until 1978, when 25 dinars notes were introduced. In 1991, 50 and 100 dinars were introduced, followed by 250 dinars notes in 1995 and 10,000 dinars notes in 2002.

http://en.wikipedia.org/wiki/Iraqi_dinar

This human thanks DinarBot profusely for this post!!

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With all due respect Human known as "keepmwlknfy". The denominations you are suggesting here and in other posts are illogical. Not only are they illogical they have never existed. Our curency here is divided into 100's - the penny. Their (Iraq's) currency is divided into 1000's- the fils. DinarBot has been here 7 years and counting and your theory has been introduced and dismantled on several occasions. For example, moving the "decimal" over 3 "places" on the exiting .500 note would be 500 fils (or half Dinar) the 250 note .250 fils (1/4 dinar) - problems arise when we get to the 50 note or .050 fils (or Half of a Fils) - NOT Half a Dinar - Half of a Fils - they do not exist nor have they ever existed in the "fils" system. It would be similar to issuing a Half penny today in the US - illogical and not needed in any capacity. Humans can't be Beat. Go Humans.

DinarBot Archive:

Coins were introduced in 1931 and 1932 in denominations of 1, 2, 4, 10, 20, 50 and 200 fils, seats with the 200 fils known as a rial. The 20, 50 and 200 fils were minted in silver. In 1953, silver 100 fils coins were introduced.

Following the establishment of the Iraqi Republic, a new series of coins was introduced in denominations of 1, 5, 10, 25, 50 and 100 fils, with the 25, 50 and 100 fils in silver until 1969. In 1970, 250 fils pieces were introduced, followed by 500 fils and 1 dinar coins in 1982. Coin production ceased after 1990.

In 2004, new 25-, 50- and 100-dinar coins were introduced. However, these coins proved to be unpopular and were withdrawn from circulation

In 1931, banknotes were issued by the government in denominations of ¼, ½, 1, 5, 10 and 100 dinar. The notes were printed in the United Kingdom. From 1931 to 1947, the banknotes were issued by the Iraqi currency board for the government of Iraq and banknotes were convertible into pound sterling. From 1947, the banknotes were issued by the National Bank of Iraq, then after 1954 by the Central Bank of Iraq.

100 dinars notes ceased production in the 1940s but otherwise, the same denominations were issued until 1978, when 25 dinars notes were introduced. In 1991, 50 and 100 dinars were introduced, followed by 250 dinars notes in 1995 and 10,000 dinars notes in 2002.

http://en.wikipedia.org/wiki/Iraqi_dinar

DinarBot Note. DinarBot Team Has Warka Account which is calculated to 3 decimal places i.e. 525000.675 IQD (for example only) Electronically this figure is possible but in hard currency it is not. Also, if moving 3 places on the actual currency then they must implement the same status on Bank Accounts. Now DinarBot Account reads 525.000675 - The Bank Just stole all of Iraqi Citizens fils with the push of a Button. The 9% of Iraqi citizens that do have bank accounts will never trust the Banking industry again. All the Best to Humans.

Edited by DinarBot
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This Dinarnoob is so very confused so please forgive my ignorance. Is it possible that when they talk about getting rid of the 3 zeros that they aren't talking about off of the notes themselves but off of the .00086 making one dinar worth .86 cents? And all of my 25,000 dinar notes worth $21,500...i realize that this is most likely a pipe dream but would somebody please educate me without making me feel like a dumbazz :-)

Thanks!!

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This Dinarnoob is so very confused so please forgive my ignorance. Is it possible that when they talk about getting rid of the 3 zeros that they aren't talking about off of the notes themselves but off of the .00086 making one dinar worth .86 cents? And all of my 25,000 dinar notes worth $21,500...i realize that this is most likely a pipe dream but would somebody please educate me without making me feel like a dumbazz :-)

Thanks!!

Thats possible and what some (myself included) think is gonna happen but right now its all speculation.

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At this point..11 replies to the OP with 12 negs....

I would think if one felt strongly enough about the subject to hit that button then they should be big enough to state their case....imo..

Touche'. I think normally negs are give when you just don't like what you hear, but you don't understand it enough to make a comment. Some negs are given when they see a member's name and slam them for past comments.

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"the project to delete three zeros from the Iraqi currency is not working to increase the value of the Iraqi dinar against foreign currencies

Read more: http://dinarvets.com/forums/index.php?/topic/93342-educate-citizens-changing-money-and-use-it-before-you-delete-the-zeros-of/#ixzz1fDgDGXib

Ok Explain to me how this sounds good. Unless Their just blowing smoke up our areses This most definitly does not sound good for the home team

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They are saying that RDing does not increase the value but is to be value neutral as they have stated many times, this would be the breaking even that has been mentioned so many times by investors when discussing what happens with a RD. While technically the RD would not raise the value against foreign currencies it would then allow them to do a much higher RV than is possible with the inflated currency as it stands now so that they would have a better value against foreign currencies, we don't make Millions but we should at least turn a profit.

But, but, but.....if they do remove the three zeros, the relative value of the currency has to increase. Think about it like this: Currently an item costs $US1 = 1170 dinar. Lets call it 1000:1 to make the math easier. For that item they can currently pay with either a $US1 bill or a 1000 dinar note. If they remove the zeros, issue new currency in the form of 5, 10, 20, 50 and 100...and the value does not increase concurrently, how many notes do they have to use to pay for the item? How does that assist with reducing the physical amount of cash in circulation which is what they are saying this process is about?

Now, what I find interesting is that the recent articles and statements say that removing zeros will not lead to an increase in the value of the currency. The article that was posted by Trooper earlier http://dinarvets.com/forums/index.php?/topic/93353-central-bank-reveals-details-of-the-iraqi-currency/ says that removing the three zeros will lead to an increase in the value. Now in that article, the statement from Mr Saleh didn't include anything about incrasing the value. I think the article is an economists view of how removing the zeros leads to an increase in value.

Could the articles that we have seen in the last couple of days be Saleh's response to the earlier article? If they truly believe that removing the zeros doesn't increase value then they must have another plan. Because, after all, something that is currently valued at $US1, will still be valued at $US1 after removal of zeros, but if the currency value doesn't change, paying for that item with cash will be..........cumbersome.

IMO they have to both RV and RD at the same time. Which order do they do that in? Does that really matter? What really matters is what value they put on current notes.

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With all due respect Human known as "keepmwlknfy". The denominations you are suggesting here and in other posts are illogical. Not only are they illogical they have never existed. Our curency here is divided into 100's - the penny. Their (Iraq's) currency is divided into 1000's- the fils. DinarBot has been here 7 years and counting and your theory has been introduced and dismantled on several occasions. For example, moving the "decimal" over 3 "places" on the exiting .500 note would be 500 fils (or half Dinar) the 250 note .250 fils (1/4 dinar) - problems arise when we get to the 50 note or .050 fils (or Half of a Fils) - NOT Half a Dinar - Half of a Fils - they do not exist nor have they ever existed in the "fils" system. It would be similar to issuing a Half penny today in the US - illogical and not needed in any capacity. Humans can't be Beat. Go Humans.

DinarBot Archive:

Coins were introduced in 1931 and 1932 in denominations of 1, 2, 4, 10, 20, 50 and 200 fils, seats with the 200 fils known as a rial. The 20, 50 and 200 fils were minted in silver. In 1953, silver 100 fils coins were introduced.

Following the establishment of the Iraqi Republic, a new series of coins was introduced in denominations of 1, 5, 10, 25, 50 and 100 fils, with the 25, 50 and 100 fils in silver until 1969. In 1970, 250 fils pieces were introduced, followed by 500 fils and 1 dinar coins in 1982. Coin production ceased after 1990.

In 2004, new 25-, 50- and 100-dinar coins were introduced. However, these coins proved to be unpopular and were withdrawn from circulation

In 1931, banknotes were issued by the government in denominations of ¼, ½, 1, 5, 10 and 100 dinar. The notes were printed in the United Kingdom. From 1931 to 1947, the banknotes were issued by the Iraqi currency board for the government of Iraq and banknotes were convertible into pound sterling. From 1947, the banknotes were issued by the National Bank of Iraq, then after 1954 by the Central Bank of Iraq.

100 dinars notes ceased production in the 1940s but otherwise, the same denominations were issued until 1978, when 25 dinars notes were introduced. In 1991, 50 and 100 dinars were introduced, followed by 250 dinars notes in 1995 and 10,000 dinars notes in 2002.

http://en.wikipedia.org/wiki/Iraqi_dinar

You rock. What a great post!

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They are saying that RDing does not increase the value but is to be value neutral as they have stated many times, this would be the breaking even that has been mentioned so many times by investors when discussing what happens with a RD. While technically the RD would not raise the value against foreign currencies it would then allow them to do a much higher RV than is possible with the inflated currency as it stands now so that they would have a better value against foreign currencies, we don't make Millions but we should at least turn a profit.

No they are clearly talking about taking the zeros off the currency and they have never said anything about taking zeros off the exchange rate, if they did that it would be a RV not a RD. They have plainly said many times to look at Turkey as an example of how they intend to do this and that along with the fact it's the way many other countries have done RDs in the past should leave no room to misinterpret what the articles are saying. Look to Turkey as an example, Turkey removed the zeros from the currency, unfortunately it's very clear what they mean.

Doug Doug Doug.....cmon already....whats your agenda Doug? They havent clearly stated anything.

Youve been around here for all of 30 days and you got it all figured out.....you constantly ask why know one wants to consider the possibilities....yet everything you say is stated as fact....we have kicked this dead horse over and over...we are now having to battle the horseflies....we ALL know the possibilitiea Doug...you arent stating anything new...u should check out the LOP Talk section if you want to discuss your "possibilities"....i gotta tell you...you dont seem to think a LOP is a possibility...you obviously rant like its a guarantee....

Bottomline Doug...your making yourself look silly....this investment isnt for everybody...and obviously it isnt for you...so just sell me your dinar....I will give you 1200 per mill...and once it RVs...I will sell them back to you at 50% of the RV amount....sound good Doug???

Are you here to save us all???

Lol...seriously Doug...tellin a self proclaimes newbie that its definitely guna LOP...cmon Doug you dont know anything for sure! How would you feel if that person sold off and then it RVs next week? Would you care? I doubt it....Doug this is something that has never happened and will never happened before....comparing to Turkey Doug...cmon....Iraq and Turkey are nowhere near the same. You have any idea how many notes were in circulation when Turkey RD? Any idea of how many Turkish citizens held bank accounts? How many international companies were flocking to Turkey when they RD? How many bigtime Ivestors where headed to Turkey? Turkeys oil? Turkeys gold? Turkeys natural resources? Minerals? Natural Gas? Did the US occupy Turkey for 8 yrs before the RD? Was Turkeys inflation artificial? Did US print the Lira?

Doug Doug Doug....on the internet anyone can say whatever they want...even you...I just ask as well as many others Im sure....just dont state things as fact when you truly have no clue what EXACTLY is guna happen just like EVERYONE ELSE DOUGGG!!!

Just give a rest already! We are getting really close to that possible RV Doug and we all would really like to enjoy our final days here on DVs!

Go RV Doug!!!:) :) :)

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With all due respect Human known as "keepmwlknfy". The denominations you are suggesting here and in other posts are illogical. Not only are they illogical they have never existed. Our curency here is divided into 100's - the penny. Their (Iraq's) currency is divided into 1000's- the fils. DinarBot has been here 7 years and counting and your theory has been introduced and dismantled on several occasions. For example, moving the "decimal" over 3 "places" on the exiting .500 note would be 500 fils (or half Dinar) the 250 note .250 fils (1/4 dinar) - problems arise when we get to the 50 note or .050 fils (or Half of a Fils) - NOT Half a Dinar - Half of a Fils - they do not exist nor have they ever existed in the "fils" system. It would be similar to issuing a Half penny today in the US - illogical and not needed in any capacity. Humans can't be Beat. Go Humans.

DinarBot Archive:

Coins were introduced in 1931 and 1932 in denominations of 1, 2, 4, 10, 20, 50 and 200 fils, seats with the 200 fils known as a rial. The 20, 50 and 200 fils were minted in silver. In 1953, silver 100 fils coins were introduced.

Following the establishment of the Iraqi Republic, a new series of coins was introduced in denominations of 1, 5, 10, 25, 50 and 100 fils, with the 25, 50 and 100 fils in silver until 1969. In 1970, 250 fils pieces were introduced, followed by 500 fils and 1 dinar coins in 1982. Coin production ceased after 1990.

In 2004, new 25-, 50- and 100-dinar coins were introduced. However, these coins proved to be unpopular and were withdrawn from circulation

In 1931, banknotes were issued by the government in denominations of ¼, ½, 1, 5, 10 and 100 dinar. The notes were printed in the United Kingdom. From 1931 to 1947, the banknotes were issued by the Iraqi currency board for the government of Iraq and banknotes were convertible into pound sterling. From 1947, the banknotes were issued by the National Bank of Iraq, then after 1954 by the Central Bank of Iraq.

100 dinars notes ceased production in the 1940s but otherwise, the same denominations were issued until 1978, when 25 dinars notes were introduced. In 1991, 50 and 100 dinars were introduced, followed by 250 dinars notes in 1995 and 10,000 dinars notes in 2002.

http://en.wikipedia....iki/Iraqi_dinar

You missed what I said....

What I was getting at was what the smaller bills would be worth in dinar....not meaning they will have all these small divisions of coins for exchange...not all of them at least....

We wont know exactly what coins/fils they plan on releasing until they are brought forward to light....

My main point is this.....if you have a 500 note and they lop, it will be equal to .50 of a dinar......if you have a 250 note and they lop, it will be equal to .25 of a dinar....if you have a 50 note and they lop, it basically wont be worth squat.... .05 of a dinar.....its all affected the same, you cant lop some notes and not the others....will they have a .05 dinar coin for you to exchange? No, but if you have enough you could most likely trade them in for a 1/4 dinar or something if thats whats decided on as far as coins.....

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