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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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Rocky
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    Expert calls for the removal of zeros from currency

    Rocky
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    • Post n°1

    Expert calls for the removal of zeros from currency Empty Expert calls for the removal of zeros from currency

    Post by Rocky Sun 15 Dec 2013, 4:15 am

    Expert calls for the removal of zeros from currency




    Baghdad / follow the Orient: - called for an economist to delete three zeros from the Iraqi currency, the promise of its existence as a successor to the great damage of Statistics huge amounts of cash.
    The economist said a member of the Finance and Banking at the University of Wasit Abdul-Karim al-Tai told the National Iraqi News Agency: "The zeros present in the Iraqi currency has a negative impact on the operations of Statistics amounts of cash huge lead to fall into mistakes while conducting census by the staff of the Ministry of Planning" . said: "The Ministry of Finance issued figures contrary to issued by the Ministry of Planning and the Central Bank, which leads to inflation in the figures of the currency, in addition to the limited possibilities for staff statistics, this would make the database is not realistic and are making wrong decisions on them." And he saw: "The most important positive effects that Steksha process of deletion of zeros is to reduce assets in banks as well as to give the impression of a campaign such amounts as valuable and thus lower prices of goods and services provided."
    He said the central bank in August plans to delete the zeros of the Iraqi dinar to facilitate financial transactions in an economy dominated by the oil sector and made ​​it through cash transactions often. Since last year, waiting for a restructuring plan dinar to supply the market with more liquidity parliamentary approval.
    A statement of the General Secretariat of the Council of Ministers, the Council decided to suspend all actions related to the process of deletion of zeros from the dinar until further notice.

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    Screwball
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    • Post n°2

    Expert calls for the removal of zeros from currency Empty Re: Expert calls for the removal of zeros from currency

    Post by Screwball Sun 15 Dec 2013, 4:43 am

    I am feeling the pain! Delete baby!
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    Wayne Irby
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    • Post n°3

    Expert calls for the removal of zeros from currency Empty Re: Expert calls for the removal of zeros from currency

    Post by Wayne Irby Sun 15 Dec 2013, 6:08 am

    This one says August, who knows!
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    fonz1951
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    • Post n°4

    Expert calls for the removal of zeros from currency Empty Re: Expert calls for the removal of zeros from currency

    Post by fonz1951 Sun 15 Dec 2013, 9:45 am

    smoke and mirrors, they're not going to come out and announce a date, that would be suicide.
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    Screwball
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    • Post n°5

    Expert calls for the removal of zeros from currency Empty Re: Expert calls for the removal of zeros from currency

    Post by Screwball Sun 15 Dec 2013, 2:19 pm

    roll on 2014 another year of delays!
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    Proven
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    • Post n°6

    Expert calls for the removal of zeros from currency Empty Re: Expert calls for the removal of zeros from currency

    Post by Proven Sun 15 Dec 2013, 3:02 pm


    Just to make it obvious to some, a redenomination has no effect on bank assets.  To a bank, it's assets are loans and its liabilities are deposits.  

    "The most important positive effects that Steksha process of deletion of zeros is to reduce assets in banks as well as to give the impression of a campaign such amounts as valuable and thus lower prices of goods and services provided."

    A revaluation would cause losses on loans because existing loans would subsequently be paid back with less currency.  Thus it would reduce their value on the books of banks. 

    I believe the reference "to give the impression of a campaign such amounts as valuable" is the fact that after the initiation of the process, banks will advertise that they will accept dinars with an increased value as payment on loans. 

    I find it interesting to mention that a "campaign" would occur after the start of the process.   Further evidence of process planning.   The CBI has previously stated that banks would be compensated by a special account set up by the CBI for losses on loans. 

    A redenomination would have zero effect on bank assets.  Bank assets would be restated in the new currency.   Existing loans could be paid in either the new or old currency. 

    The above statement gives further evidence of the process of removing the zero notes.  For more proof see the following.

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    wciappetta
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    • Post n°7

    Expert calls for the removal of zeros from currency Empty Re: Expert calls for the removal of zeros from currency

    Post by wciappetta Sun 15 Dec 2013, 3:29 pm

    Good accurate assessment of the cbi intent...


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    • Post n°8

    Expert calls for the removal of zeros from currency Empty Re: Expert calls for the removal of zeros from currency

    Post by Proven Sun 15 Dec 2013, 3:44 pm

    wciappetta wrote:Good accurate assessment of the cbi intent...

    Thank you.  I just want to add that I earn nothing for sharing my insight into the Dinar except the satisfaction of helping some.  I must add that I believe this event is part of God's plan to bring in the harvest of souls.  Each individual must see this blessing as their way to extent the Kingdom of God for Jesus' return and earn eternal rewards.   
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    • Post n°9

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