Proof....delete zeros will take ONLY two years

[Aqua Dude]

Symposium for deletion of zeros moving forward

2011-12-25 14:33:45

Diwaniyah (Iba) .. Organized by the Faculty of Management and Economics at the University of Qadisiyah, specialized scientific symposium for the deletion of zeros from the Iraqi currency and its implications in the Iraqi economy.

A source at the university, said the seminar included a lecture entitled to delete the zeros of the Iraqi currency and raised on the Iraqi economy delivered by the Deputy Governor of Central Bank of Iraq, Dr. the appearance of favor in which he discussed the importance of money and the impact of conditions in Iraq on the economy, noting that the Iraqi economy was Mekpottafa under the previous regime because Aharopoanhiar the infrastructure.

The source added that the deputy central bank governor said steps include replacement Declaration of the state budget and write all the accounting records and bank currency Aljdidhmodha that the process of replacing the currency will be extended to two years as well as the process of destruction of the old currency will be held at the Central Bank of Iraq. (End)

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here lays rest to the bashers saying....."its gonna take two years, no RV for TWO YEARS....no RV till 2013"

bashers!!! hmph!

[bamjack75]

Now, why would you need to destroy worthless, old currency, if it had no real value?

Edited December 26, 2011 by bamjack75

[MovieMaker]

Nice article for a Christmas day. thanks

[keepmwlknfny]

Now, why would you need to destroy worthless, old currency, if it had no real value?

If they were gonna have a real value, dont you think they would keep them around?? I still dont like these deleting the zeros articles......countries destroy worthless currency when they lop/rd.....if the bills we hold were to see a higher value, they surely wouldnt be talking about destroying them....maybe removing them as a everyday standard to use when purchasing goods, but they wanna replace the entire currency and destroy the currency that we hold now....all of it....

[onerighthand]

thanks for the post

I'd be glad to trade my 25,000 bills in for 25,000 worth of twenties but do not want to wait that long.

but I wish they would take them in at a great rate, and get it done

[Aqua Dude]

If they were gonna have a real value, dont you think they would keep them around?? I still dont like these deleting the zeros articles......countries destroy worthless currency when they lop/rd.....if the bills we hold were to see a higher value, they surely wouldnt be talking about destroying them....maybe removing them as a everyday standard to use when purchasing goods, but they wanna replace the entire currency and destroy the currency that we hold now....all of it....

thats not true, the US destroy its 500 1,000 5,000 and 10,000 bill it use to have....no lop there....stop bringing up LOP every time u have a chance

Iraq is a country moving in fast forward...the US was Alpha....Iraq is beta........the people in charge have been through the process of birthing a country's economy

[sportfisher]

thats not true, the US destroy its 500 1,000 5,000 and 10,000 bill it use to have....no lop there....stop bringing up LOP every time u have a chance

Iraq is a country moving in fast forward...the US was Alpha....Iraq is beta........the people in charge have been through the process of birthing a country's economy

keepm is right, it is a RD/LOP article. I believe it is smoke.

[artg]

i like the part that says that they will zimprostatkamelugie the money then as soon as they feel the timing is right they will zikulapdonkeypukeea the currency for me this really nails the rv to date and time....yassuh

[Alex38]

Great article!!! Love it! Go RV!!!!!

[zul]

Now, why would you need to destroy worthless, old currency, if it had no real value?

This is what delete 3 zeros is all about...take them out of circulation and destroy them. They will then transfer the value to the new currency. No lop here.

[speculatorsRIDE]

This is what delete 3 zeros is all about...take them out of circulation and destroy them. They will then transfer the value to the new currency. No lop here.

yessir. nail - head.

[easyrider]

Put it this way. Why would a thriving country LOP wihen they have came out and said they have the highest reserves EVER recorded in Iraq's history NO LOP people.

[Matt330]

This is what delete 3 zeros is all about...take them out of circulation and destroy them. They will then transfer the value to the new currency. No lop here.

Keep believing what the gurus tell you, see how far it's gotten people. Delete three zeros = lop. It's not debatable, it's a fact.

Put it this way. Why would a thriving country LOP wihen they have came out and said they have the highest reserves EVER recorded in Iraq's history NO LOP people.

The highest reserves in history = 60 billion. An RV to 10 cents = 6.5 trillion. Use your brain. 10 cents isn't sustainable. Right now 1 cent isn't even sustainable. Even at 1170 to 1 Iraqis don't trust the dinar, which is why they're exchanging it with the CBI to the tune of 250 million a day.

[iqdheadlines]

Keep believing what the gurus tell you, see how far it's gotten people. Delete three zeros = lop. It's not debatable, it's a fact.

The highest reserves in history = 60 billion. An RV to 10 cents = 6.5 trillion. Use your brain. 10 cents isn't sustainable. Right now 1 cent isn't even sustainable. Even at 1170 to 1 Iraqis don't trust the dinar, which is why they're exchanging it with the CBI to the tune of 250 million a day.

Hi Matt330, I happen to read write and understand the Arabic language and I must admit these computer, web, or even Google translations are absolutely terrible, shocking to say the least.

When these translations uses the word "Delete" it actually means "Remove or Take away"..........you can't get anything better than a human translation.

So the article is actually saying that the CBI will be removing or taking away the large 3 zero notes over a period of two years whilst introducing the new lower notes for people to use, it doesn't mention anything about an RV or a RD.

If they were to RV at $0.10 or even RV at $1.00+, they won't be RV'ing the whole 30+ Trillion dinar.

[bodiddily]

If they were gonna have a real value, dont you think they would keep them around?? I still dont like these deleting the zeros articles......countries destroy worthless currency when they lop/rd.....if the bills we hold were to see a higher value, they surely wouldnt be talking about destroying them....maybe removing them as a everyday standard to use when purchasing goods, but they wanna replace the entire currency and destroy the currency that we hold now....all of it....

I believe that you may well have missed the point, for you are only thinking as an investor. It is an entirely different scenario for the Iraqi Bank for each bank note is a promissory note and therefore a liability to the bank. The currency is not worthless no matter what its current exchange rate and as its value increases so does the liability. Therefore if you personally had to make good on all bank notes currently in circulation would you not wish to destroy as many as you could before they increased in value.

[Maggie123]

Put it this way. Why would a thriving country LOP wihen they have came out and said they have the highest reserves EVER recorded in Iraq's history NO LOP people.

Easy... Thank You.

You are brilliant young man. I have been thinking that for quite some time.

The are telling us that.

[yota691]

this has been posted once

[yota691]

Replacing with New currency that has 3 languages on it, with coins, Destroy old currency to reduce an to get rid of mass of currency an reduce the fraud of currency.IMO

Edited December 26, 2011 by yota691

[Matt330]

Hi Matt330, I happen to read write and understand the Arabic language and I must admit these computer, web, or even Google translations are absolutely terrible, shocking to say the least.

When these translations uses the word "Delete" it actually means "Remove or Take away"..........you can't get anything better than a human translation.

So the article is actually saying that the CBI will be removing or taking away the large 3 zero notes over a period of two years whilst introducing the new lower notes for people to use, it doesn't mention anything about an RV or a RD.

If they were to RV at $0.10 or even RV at $1.00+, they won't be RV'ing the whole 30+ Trillion dinar.

They are going to be removing, or taking away, the current notes. And replacing them with as part of their RD (lop). If the CBI manages to get permission (or decides they don't need permission), that is.

There have been numerous articles saying that Turkey deleted three zeros from their currency. We know exactly what happened in Turkey, therefore we knew precisely what they're talking about when they say "delete/lift/remove three zeros."

Hint: Turkey didn't increase the value of their currency by 100-1000x.

Maybe your Arabic is a little rusty?

[iqdheadlines]

They are going to be removing, or taking away, the current notes. And replacing them with as part of their RD (lop). If the CBI manages to get permission (or decides they don't need permission), that is.

There have been numerous articles saying that Turkey deleted three zeros from their currency. We know exactly what happened in Turkey, therefore we knew precisely what they're talking about when they say "delete/lift/remove three zeros."

Hint: Turkey didn't increase the value of their currency by 100-1000x.

Maybe your Arabic is a little rusty?

Once again, the CBI has never said Either a RV or a RD will take place specifically.

CBI has never stated specifically what type of "RD" they might apply to the dinar when they referenced Turkey.

But either way, if the CBI RV's the dinar,then they have to RD at the same time OR if they RD the dinar, then they have to RV at the same time.

[yota691]

Keep believing what the gurus tell you, see how far it's gotten people. Delete three zeros = lop. It's not debatable, it's a fact.

The highest reserves in history = 60 billion. An RV to 10 cents = 6.5 trillion. Use your brain. 10 cents isn't sustainable. Right now 1 cent isn't even sustainable. Even at 1170 to 1 Iraqis don't trust the dinar, which is why they're exchanging it with the CBI to the tune of 250 million a day.

So does your crystal ball also state how much currency is actually in circulation. It not 6.5 Trillion

Edited December 26, 2011 by yota691

[primalnick]

I am curious to see what happens when and if this ever occurs. Conversations here constantly come down to the LOP/NO LOP disagreement. I will be waiting to see if either side will have the backbone to come back and admit they were wrong. Time will tell.

Good Luck to all.

[iqdheadlines]

Maybe your Arabic is a little rusty?

I also happen to work as a professional translator from Arabic - English and from English - Arabic.

I have also noticed you only have less then 60 posts, so I guess you do a little bit more reading to educate yourself more in regards to the dinar and not be so ignorant and make statements without understanding properly what members post here in which you displayed so obviously in another thread very recently.

[Matt330]

So does your crystal ball also state how much currency is actually in circulation. It not 6.5 Trillion

No need for a crystal ball, the CBI says what's in circulation, and you're right, it isn't 6.5 trillion, that would be its value in USD at an RV of ten cents. Iraq has an M2 of 65 trillion dinar.

Once again, the CBI has never said Either a RV or a RD will take place specifically.

CBI has never stated specifically what type of "RD" they might apply to the dinar when they referenced Turkey.

But either way, if the CBI RV's the dinar,then they have to RD at the same time OR if they RD the dinar, then they have to RV at the same time.

The CBI has said they plan on doing what Turkey did. Period.

What kind of RD did Turkey do? We don't even need to debate that there's really only one kind of RD, the notion of this second kind of RD = lies put out there by gurus.

What did turkey do? The CBI had referred to what Turkey did as "deleting the zeros".

What did Turkey do?

The CBI has never said they were going to RD? Shabibi HIMSELF has said they were going to RD and there are videos of it! Maybe you're new, and need to do a little more research before you can comment on the dinar.

Edited December 26, 2011 by Matt330

[seetrader1]

Matt330 is right.