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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


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13 posters

    (WOW) Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion d

    Rocky
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    • Post n°1

    cash - (WOW) Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion d - Page 2 Empty (WOW) Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion d

    Post by Rocky Thu 11 Oct 2018, 6:42 am

    First topic message reminder :

    (WOW) 

    Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion dinars



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    , said the Iraqi Central Bank on Thursday that the deletion of zeros still exists, indicating that the amount of money supply in the market of 44 trillion dinars. 

    The release manager lockers agency Abdul Karim Hassan Shannon in an interview with Alsumaria News that " the project to delete the zeros of the Iraqi currency is still valid , " adding to that " the project was supposed to initiate during 2014 , but the control of the organization Daesh five provinces led to Delay it. "


    "The project to delete the zeros is to delete three zeros from the current currency with the introduction of large currencies and the introduction of coins for the dinar parts." 

    Shannon pointed out that "the cash mass currently circulating in the markets is large, amounting to 44 trillion dinars," noting that " Iraq did not use the technological methods of payment, and therefore small groups of currency can be perishable for widespread use." 

    The Central Bank in 2011 put forward a project to delete the zeros for the structure of the currency, which was considered by the bank to transfer Iraq from the country of trillions to billions, that the project was met with great opposition by specialists and politicians in parliament.



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    Lobo
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    • Post n°11

    cash - (WOW) Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion d - Page 2 Empty Re: (WOW) Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion d

    Post by Lobo Thu 11 Oct 2018, 4:49 pm

    Thanks Rocky, much appreciated.
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    jets235
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    • Post n°12

    cash - (WOW) Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion d - Page 2 Empty Re: (WOW) Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion d

    Post by jets235 Thu 11 Oct 2018, 5:52 pm

    I haven't posted in a long time but I don't mean to be negative.  I am just not seeing deleting the zeros from the currency as a good thing.  I look at it as a reverse split on a stock.  Even if they revalue after deleting the zeros will not amount to much.  If the zeros were deleted from the currency rate or exchange rate wouldn't that be better?  

    Not educated on this but a 25,000 note would become worth $25 on a one for one exchange rate.  So even if it revalued at 3.50 to 1, it's not worth much.

    If I am missing something please educate me.

    Thank you
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    jbowhunter
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    • Post n°13

    cash - (WOW) Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion d - Page 2 Empty Re: (WOW) Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion d

    Post by jbowhunter Thu 11 Oct 2018, 7:28 pm

    That is what I’ve thought as well. My opinion is same as Jets. I’ve asked the same question in the past. Can anyone educate us on how the removal of zeros is not like a “reverse stock split” or a lop? I have not seen or read anything that has been able to sway me over to the camp of removal of zeros on the exchange rate. As much as I want to believe, have not seen anything indicating so. Just a lot of “IMHO”. I respect the opinions very much. Just can’t see the trees from the forest I guess
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    Lobo
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    • Post n°14

    cash - (WOW) Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion d - Page 2 Empty Re: (WOW) Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion d

    Post by Lobo Thu 11 Oct 2018, 8:53 pm

    My understanding regarding "removing of the zeros" IS NOT A LOP.  It is removing the large dinar notes with the 3 zeros out of circulation.  The interpretation of removing the three zeros as a lop comes from WWII when Japan had its currency devalued - my Japanese friend is finally understanding it is not what happened to Japan, it is a new monetary system that is being put in place.  The currency already is ONLY worth one tenth of a US penny - it can't go any lower - it is already WORTHLESS.  When the CBI revalues - it is a REVALUE of the currency - a monetary reform - a reinstatement of the value of the currency to a former value.  I don't think it will revalue at 3.25 US or some similar value as I believe it was when the IMF and Bremer devalued the dinar after the fall of Saddam - may he rest in peace for those of you who are Muslim.  But it will enhance in value - that is the phrase that the CBI has used many times in the past.  The Iraqis already carry large trash bags of currency with them to go shopping - add the lower denominations that are coming out and without an revalue or enhancement of the value - they will be driving trash trucks or pushing dumpsters of dinar to buy groceries.  The fact that the CBI has stated they are now international and the fact that they have a "SmartCart" which will be international after the revalue and that MasterCard and Visa recognizes the dinar for trade is a telltale sign of things to come.
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    bajachaser
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    • Post n°15

    cash - (WOW) Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion d - Page 2 Empty Re: (WOW) Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion d

    Post by bajachaser Thu 11 Oct 2018, 9:13 pm

    14+/- years here and the last 2 months, there's actually 
    educational adult talk, and not "well then sell, sell, sell"...
    Thanks ya'll and especially rocky!
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    tt10
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    • Post n°16

    cash - (WOW) Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion d - Page 2 Empty Re: (WOW) Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion d

    Post by tt10 Thu 11 Oct 2018, 11:29 pm

    Nicely said Lobo. Also factor in the fact that Iraq’s inflation is close to or is the lowest in the world. I’ve heard comparisons to Zimbabwe who just deleted a bunch of zeros and who’s rate of inflation was off the chart. Also factor in the money Iraq owes the US for their freedom which could never be done with a lop then an RV. “In my opinion” they have to come out at least 1:1. Once the rate changes, if it isn’t 1:1 or better I’ll sell and mortgage everything I can to buy more dinar because it’s only going to go one way and that’s up. IMO of course.
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    Diamond
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    • Post n°17

    cash - (WOW) Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion d - Page 2 Empty Re: (WOW) Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion d

    Post by Diamond Fri 12 Oct 2018, 3:11 am

    Lobo wrote:My understanding regarding "removing of the zeros" IS NOT A LOP.  It is removing the large dinar notes with the 3 zeros out of circulation.  The interpretation of removing the three zeros as a lop comes from WWII when Japan had its currency devalued - my Japanese friend is finally understanding it is not what happened to Japan, it is a new monetary system that is being put in place.  The currency already is ONLY worth one tenth of a US penny - it can't go any lower - it is already WORTHLESS.  When the CBI revalues - it is a REVALUE of the currency - a monetary reform - a reinstatement of the value of the currency to a former value.  I don't think it will revalue at 3.25 US or some similar value as I believe it was when the IMF and Bremer devalued the dinar after the fall of Saddam - may he rest in peace for those of you who are Muslim.  But it will enhance in value - that is the phrase that the CBI has used many times in the past.  The Iraqis already carry large trash bags of currency with them to go shopping - add the lower denominations that are coming out and without an revalue or enhancement of the value - they will be driving trash trucks or pushing dumpsters of dinar to buy groceries.  The fact that the CBI has stated they are now international and the fact that they have a "SmartCart" which will be international after the revalue and that MasterCard and Visa recognizes the dinar for trade is a telltale sign of things to come.
    again a good read lobo if I may your correct on no lop, 3 zeros will be removed from nominal value which is 0.00084 an as you said imf is working on this so everything has to meet their standard requirements for international currency, an it has to all come together at the same time an give them release from sancations to get GOIN!!!!!!!!  banna3 banna2 Dance
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    Diamond
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    • Post n°18

    cash - (WOW) Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion d - Page 2 Empty Re: (WOW) Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion d

    Post by Diamond Fri 12 Oct 2018, 3:13 am

    at this point the new goi is a key factor
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    Rocky
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    • Post n°19

    cash - (WOW) Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion d - Page 2 Empty Video: delete the zeros is still exist and the mass of cash is 44 trillion dinars

    Post by Rocky Fri 12 Oct 2018, 6:35 am

    Video: delete the zeros is still exist and the mass of cash is 44 trillion dinars

    Friday, October 12,



    Again, talk about the project to delete zeros from the Iraqi currency, to end the inflation in the amount of cash mass in the market, a project that has been stalled for years, but the central bank says it still exists. 

    Director of the issuance and cabinets Agency Abdul Karim Hassan Shanza Alsumaria News The delay of the project to the control of the organization calling on a number of provinces during the year and fourteen, the year that was scheduled to be the process of deleting zeros in it.

    The project does not depend on the process of deleting zeros only, but a complete structure of the Iraqi currency, which will also include the development of large currencies and also coins for the dinar, especially since Iraq has not used previously and currently technological methods of payment and thus the small categories of currency are perishable to use Widely. 

    In the markets are currently dealing with a large monetary block, says the official at the Central Bank it is forty four trillion dinars, which is seen by specialists big inflation of the currency offered in the market, compared to the actual value compared to its cash. 

    This step, if implemented, will contribute to strengthening one of the pillars of the Iraqi economy, from the monetary side, as confirmed by specialists. 


    You can view the report on the video above.


    VIDEO at link


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    Rocky
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    • Post n°20

    cash - (WOW) Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion d - Page 2 Empty Central: the market's cash bloc 44 trillion dinars and delete zeros is still standing

    Post by Rocky Fri 12 Oct 2018, 6:42 am


    [size=17]Central: the market's cash bloc 44 trillion dinars and delete zeros is still standing







    Friday, October 201 812
    [/size]
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    The Central Bank announced that the amount of cash mass in the market is 44 trillion dinars, stressing that the deletion of zeros is still in place.
    The director of the issuance and treasury agency Abdul Karim Hassan Shannon in a press statement that the cash mass currently circulating in the markets is large and 44 trillion dinars, adding that [You must be registered and logged in to see this link.] did not use the technological methods in the process of payment, which led to damage small groups of currency to be used widely.
    He added that the project to delete the zeros from [You must be registered and logged in to see this link.] Iraqi [You must be registered and logged in to see this link.] was supposed to begin during 2014, but the control of the organization calling the terrorist on five provinces led to delay, indicating that the process is to delete three zeros from [You must be registered and logged in to see this link.] current [You must be registered and logged in to see this link.] with the introduction of large currencies and the introduction of coins for parts of the dinar. 

    //Mother
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    • Post n°21

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