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


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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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    Economic parliamentary: We asked the central bank is implementing a project to delete the zeros

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    • Post n°1

    Economic parliamentary: We asked the central bank is implementing a project to delete the zeros - Page 2 Empty Economic parliamentary: We asked the central bank is implementing a project to delete the zeros

    Post by Hkp1 Wed Jul 10, 2013 2:39 pm

    First topic message reminder :

    07/10/2013



    Economic parliamentary: We asked the central bank is implementing a project to delete the zeros







    BAGHDAD / JD / .. confirmed the parliamentary economic committee in the House of Representatives that the committee demanded that the Central Bank is implementing a project to delete the zeros from the Iraqi currency.

    He said the Commission's decision MP economic Mahma Khalil Qassem told / JD / day: that the Central Committee had requested to reconsider the project and for purely economic reasons, is to maintain and improve the Iraqi currency against other currencies.

    Khalil explained that this project is an old project was discussed in accordance with the laws in force in the central bank, and now a year after the discussion we see that the time is right, especially after the withdrawal of Iraq from Chapter VII of the revival of this project.

    The Iraqi Central Bank estimated Estimated cost of the project to delete the zeros from the currency up to 172 billion dinars ..

    She said a special study project to delete the zeros received / JD / copy: The speculative total cost of the project to delete the zeros up to a hundred and seventy-two billion dinars "..

    The bank said in the study that the wages of transport and insurance of the role of copyright to the Baghdad International Airport up to (140), calculated on the basis of the ratio between the highest and lowest price (90-189) billion dinars from the presentations made by the companies ..

    He added that "Estimated cost Mint coins of the new currency amounting to 16 billion dinars," ..

    The bank continued, "The wages of cargo transportation, Fridays and public holidays, overtime, etc. amounting to 15 billion dinars," .. He pointed out that the cost of the media campaign and miscellaneous costs up to (1) billion dinars ..

    He recalled the bank the cost of the replacement process for the period from 15/10/2003 and the Bank of the reasons for the deletion of zeros, the first being that the process of deletion of zeros will be an opportunity to add new properties of the Iraqi currency to prevent potential counterfeiting of the new currency through the use of specifications of high security, leading to increased customer confidence ( and public institutions) as a result of low or no cases of counterfeiting ..

    He pointed out that the second reason that the process of deleting the zeros will reduce Alokiem digital currency and financial Almahacbah and may play to reduce the time, effort and cost required to complete financial transactions and accounting as well as the possibility of reducing the number of banknotes traded especially if it were printed banknotes categories big "..

    He said the third reason, it enhances the possibility of maintaining the exchange rate of the Iraqi dinar against foreign currencies earned the confidence of dealers. / End / Mona Fatlawi /

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    gundam701
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    • Post n°11

    Economic parliamentary: We asked the central bank is implementing a project to delete the zeros - Page 2 Empty Re: Economic parliamentary: We asked the central bank is implementing a project to delete the zeros

    Post by gundam701 Wed Jul 10, 2013 7:06 pm

    yes you are right charlie :)
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    • Post n°12

    Economic parliamentary: We asked the central bank is implementing a project to delete the zeros - Page 2 Empty Re: Economic parliamentary: We asked the central bank is implementing a project to delete the zeros

    Post by Neno Wed Jul 10, 2013 7:31 pm

    Like I said unless the Iraqi head of finance or whatever says that what they mean by deleting zeros is that will stop the circulation of the larger denominations and that you will be able to cash in for $100 dinars/$50 dinars/$10 dinars and that the larger denominations will not lose value by deleting the zeros then I will not believe it.  
    lol! gundam701 not a problem but I have two things to state.
    1. We are you involved if that is your thought?
    2. You really expect that to be said, ahead of the train?
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    RVDinar
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    • Post n°13

    Economic parliamentary: We asked the central bank is implementing a project to delete the zeros - Page 2 Empty Re: Economic parliamentary: We asked the central bank is implementing a project to delete the zeros

    Post by RVDinar Wed Jul 10, 2013 7:38 pm

    Look.  You are looking for an answer to a question that has generated hundreds of hours of research by some real dedicated news hounds on THIS site (me unfortunately not being on of them) that we all have benefited from over the YEARS.  The pieces of this puzzle are coming together and you will have to wait for the final piece to see what the rate will be and how it will impact you.  Many of us feel it will be positive and beneficial.  That's why we have been on this ride for YEARS.  If we lose out, oh well....but we are not sitting around complaining about it right now.

    Neno tried explaining it but you would rather doubt the information he supplied and defend your gut feeling that there will be a Lop.  That's your opinion but don't try to dissuade our opinion just because you read one article.  You have to remember that translations and how Iraqis speak English is NOT the same as we do.  They use words improperly for different references and implications.

    So sit back and relax because this thing is almost over.  The great thing though, if you are so concerned about loosing your investment then you can immediately sell your Dinar at its current value.  You definitely know what that is.  And if you believe it's going to be higher now than later, maybe it's time to sell.

    If not, hang in there.  Good Luck.
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    • Post n°14

    Economic parliamentary: We asked the central bank is implementing a project to delete the zeros - Page 2 Empty Re: Economic parliamentary: We asked the central bank is implementing a project to delete the zeros

    Post by gundam701 Wed Jul 10, 2013 8:27 pm

    I don't think you read what I said entirely RVDinar.  I didn't say it would be a lop. I actually based my assessments on facts you can Google and find not speculations which unfortunately as you pointed and I did have been floating around for years.  We can blame Google translate all we want but deleting zeros is not the same as uncirculating larger denominations and putting into circulation smaller denominations.  

    Like I said I hope they base their value of the dinar on Gold since it is believed that they have a lot.
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    • Post n°15

    Economic parliamentary: We asked the central bank is implementing a project to delete the zeros - Page 2 Empty Re: Economic parliamentary: We asked the central bank is implementing a project to delete the zeros

    Post by charlie Wed Jul 10, 2013 8:44 pm

    This is tough waiting after all these years. Easy on one hand as it all unfolds and there are so many articles about the dinar needing to be strong and corresponding articles about the strength of the huge wealth in Iraq ... Gold plus oil = Goil to me. And I cannot ignore the confidence that the hardworking newshounds and people like duck, ward, LIT, neno and mocha have in this adventure. Many others too of course...HKP1 and Rocco et al. 

    So here we are waiting again and trying to manage our hopes and dreams. glad to be here and appreciative of those who have done all the hard work. Still, I have learned that there is never a dull moment so I do not know what Iraq will do next and of course we couldn't know exactly. It is a country in the global market place after all.
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    • Post n°16

    Economic parliamentary: We asked the central bank is implementing a project to delete the zeros - Page 2 Empty Re: Economic parliamentary: We asked the central bank is implementing a project to delete the zeros

    Post by tilemaster Wed Jul 10, 2013 8:50 pm

    If you google what does it mean to delete the zeros
    You will get your answer
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    • Post n°17

    Economic parliamentary: We asked the central bank is implementing a project to delete the zeros - Page 2 Empty Re: Economic parliamentary: We asked the central bank is implementing a project to delete the zeros

    Post by duck2000 Wed Jul 10, 2013 8:51 pm

    gundam701 wrote:this doesnt sound like good news. If they delete the zeros our millions turns into thousands or maybe even just hundreds.  Doesn't make sense to do that since supposedly [b style="font-size: 11.81px; font-family: arial, verdana, tahoma, sans-serif; color: rgb(34,34,34); padding-bottom: 0px; padding-top: 0px; padding-left: 0px; margin: 0px; line-height: 15.45px; padding-right: 0px; background-color: rgb(239,241,243)"]Iraq's reserves of foreign currency to $ 76 billion in addition to the 30 tons of gold bullion. [/b]


    This amount of reserves and gold should increase the value of the dinar not dwindle it.



    Deleting zeros would make the poor people poorer than they already are.  The $1,000 dinar a poor person has could turn into $1 dinar and what would they be able to buy with that, possibly 1 item? 

     yes dis is very bad and i think selling is only way out !
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    • Post n°18

    Economic parliamentary: We asked the central bank is implementing a project to delete the zeros - Page 2 Empty Re: Economic parliamentary: We asked the central bank is implementing a project to delete the zeros

    Post by charlie Wed Jul 10, 2013 9:08 pm

    Come on Duck we are all going crazy waiting .... Forgive us!!!! 
    I wish I knew all that you do  so I could relax and explain it to my hubby who has been ready to jump for a year !!! 

    Would I want to do all the research and work you have done to know all about every nuance of this investment  and culture?. No!  So thank you!

    Plus you know About  shell food poisoning so you saved my life or at least a night of misery with your salt water prescription.
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    duck2000
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    • Post n°19

    Economic parliamentary: We asked the central bank is implementing a project to delete the zeros - Page 2 Empty Re: Economic parliamentary: We asked the central bank is implementing a project to delete the zeros

    Post by duck2000 Wed Jul 10, 2013 9:08 pm

    nah nah nah i can remember ten thousand same questions ... dis is sweet ya ! LOL
    lol!
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    • Post n°20

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    Post by Neno Wed Jul 10, 2013 9:17 pm

    duck2000 wrote:

     yes dis is very bad and i think selling is only way out !
    Your killing me but, it is kinda fun at this stage... ;)
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    • Post n°21

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