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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

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


After the decline and stability .. The rise of the dollar against the Iraqi dinar

rocky
rocky
NNP TEAM
NNP TEAM

Posts : 189345
Join date : 2012-12-21

dinar - After the decline and stability .. The rise of the dollar against the Iraqi dinar - Page 2 Empty After the decline and stability .. The rise of the dollar against the Iraqi dinar

Post by rocky on Tue 20 Aug 2019, 1:51 am

First topic message reminder :

[size=36]After the decline and stability .. The rise of the dollar against the Iraqi dinar[/size]

Economy | 09:49 - 20/08/2019

[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]


BAGHDAD 
, Aug 20 
(KUNA) - Exchange rates of the dollar on the stock exchange and local markets rose again on Tuesday, August 20, 2019. The prices of the Stock Exchange-Baghdad 120.300, while prices were on Monday 120.100. 
Selling and buying prices in banking shops 
selling price of the dollar = 120.750 dinars. 
The purchase price of the dollar = 119.750 dinars


[You must be registered and logged in to see this link.]
Lobo
Lobo
Moderator
Moderator

Posts : 28409
Join date : 2013-01-12

dinar - After the decline and stability .. The rise of the dollar against the Iraqi dinar - Page 2 Empty Re: After the decline and stability .. The rise of the dollar against the Iraqi dinar

Post by Lobo on Wed 21 Aug 2019, 4:43 pm

I also recall the coins were withdrawn so they don't have to mint them, they are ready to go with the lower denoms and the coins as far as I know.

flower
weslin3
weslin3
Interacting Investor
Interacting Investor

Posts : 7286
Join date : 2012-12-19

dinar - After the decline and stability .. The rise of the dollar against the Iraqi dinar - Page 2 Empty Re: After the decline and stability .. The rise of the dollar against the Iraqi dinar

Post by weslin3 on Wed 21 Aug 2019, 5:41 pm

[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:Not sure I have minted new coins...
So we dont need to "wait" for these. 
💪
Testing my memory but I thought they were release and then taken back out of circulation? Yes already minted
thumbs I have some...
bajachaser
bajachaser
Getting It Investor
Getting It Investor

Posts : 33
Join date : 2012-12-26
Age : 45
Location : Eddington Maine

dinar - After the decline and stability .. The rise of the dollar against the Iraqi dinar - Page 2 Empty Re: After the decline and stability .. The rise of the dollar against the Iraqi dinar

Post by bajachaser on Wed 21 Aug 2019, 6:59 pm

YES!🤙
jedi17
jedi17
Moderator
Moderator

Posts : 10732
Join date : 2013-02-20

dinar - After the decline and stability .. The rise of the dollar against the Iraqi dinar - Page 2 Empty Re: After the decline and stability .. The rise of the dollar against the Iraqi dinar

Post by jedi17 on Wed 21 Aug 2019, 7:09 pm

the coins which were withdrawn was due to theft of many if the coins, and I don't believe they were ever recovered, so I doubt they will bring those coins out of retirement.

New coins will most likely be FILS, or parts of a dinar.  We saw years ago what the new categories were going to look like by design, but no one will ever know if they are printed or being printed because that is one of the biggest secrets on earth.
jedi17
jedi17
Moderator
Moderator

Posts : 10732
Join date : 2013-02-20

dinar - After the decline and stability .. The rise of the dollar against the Iraqi dinar - Page 2 Empty Re: After the decline and stability .. The rise of the dollar against the Iraqi dinar

Post by jedi17 on Wed 21 Aug 2019, 7:20 pm

Deletion of zeros from the currency adds a monetary value

[You must be registered and logged in to see this link.]  

 


 
The Alojdrb (Bremer) , head of the Iraqi destruction authority when hecanceled the Iraqi currency of the former regime end of 2003 to find a coin which reduces the presence of zeros, the fact that the Iraqi economy , thetraditional inflation phases exceeded until he reached the edge of collapse, and this procedure is one of the means at hand to handle twice the value of the Iraqi dinar, according to the monetary and banking law, we have to go back to the basic sources which constitutes a strong factor in restoring confidence to our national currency, which deleted three zeros from Almtadolh currency now put coins and paper dinar parts, including (5, 10, 25, 50, 100, 250 and 500 fils) .. which will achieve the following benefits:
1. Ease of circulation and clarity and knowledge of monetary value so easily to foreigners and Hmaaaml assistant on the purchase and deal with and trust the other hand it raises the monetary value against other currencies ..
2. Altfelicat paper perishable and damage, in contrast, the coin is not affected trade and the use and therefore can be manufactured again.
3 for sale . Reduces the cost of Tabaha.az be printed (25) dinars , which will replace the 25 thousand dinars Alnaamhalmtdoualh currency is currently the easiest and quality will be high ..
4. Strengthen and improve the texture by adding elements of the global currency that is not affected by natural factors such as water, and bear scrubs and tear resistance and decay. .
5. Reduce the cost of storage in the banks, because we need to Qasat less and less effort and also the smaller the number of employees by the more control and insurance prohibitively high.
6. Easily transported over long distances and easily provide a high proportion of them safely.
7. . Strong cash currency contribute to strengthening the elements of thenational economy.
8. It provides speed and accuracy in trading in settling accounts. 9. gives theworkers , giving them greater self – confidence.
10. Is the risk of error in the calculation of its simplicity and clarity.
11. This will rebuild global confidence in the banks and increases traded.
12 for sale . Also it provides cash to expand its value against the US dollar, the euro and the EU.
13. The printed specifications make them immune to fraud. There are a lot of countries that embarked on this procedure, including the Turkey even scrapped term ppm to be replaced by a thousand, and can set up amechanism to withdraw the old currency by subtracting the new currency with them and set a time limit to suspend trading Balkadimh record for aperiod of Omayorasth months, in light of that holds the government banks did not place them again in handle even the decay within the period specified ..
* Fahd Antar Dokhi member of the Iraqi economists Association

 https://www.dorar-aliraq.net/threads/686861-%D8%AD%D8%B0%D9%81-%D8%A7%D9%84%D8%A7%D8%B5%D9%81%D8%A7%D8%B1-%D9%85%D9%86-%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A9-%D9%8A%D8%B6%D9%8A%D9%81-%D9%84%D9%87%D8%A7-%D9%82%D9%8A%D9%85%D8%AA%D9%87%D8%A7-%D8%A7%D9%84%D9%86%D9%82%D8%AF%D9%8A%D8%A9
jedi17
jedi17
Moderator
Moderator

Posts : 10732
Join date : 2013-02-20

dinar - After the decline and stability .. The rise of the dollar against the Iraqi dinar - Page 2 Empty Re: After the decline and stability .. The rise of the dollar against the Iraqi dinar

Post by jedi17 on Wed 21 Aug 2019, 7:26 pm

Reasons to delete three zeros from the Iraqi dinar and what it means to delete the zeros from currency

[You must be registered and logged in to see this link.]


The reasons for deleting three zeros from the Iraqi dinar and what it means to delete the three zeroes from the Iraqi currency, the fact deleting three zeros from the Iraqi dinar, the official source at the Central Bank of Iraq, said that the beginning of the beginning of 2017, will the central Bey Iraqi deleting three zeros from the currency of Iraq, Finance Committee also announced in parliament that the central bank will start at the beginning of 2017 by deleting three zeros from the local currency, in other words, that the unity of the coin in 1000 dinars from the old currency will be replaced by only one denarius of the new currency, and so on.

Start procedures to delete three zeros from the currency in 2017
Going on in the minds of many Iraqis that the important question of whether to raise (the zeros from the Iraqi dinar) harm or benefit? Thus why do not we raise the zeros, the official source in the Iraqi Central Bank stressed that the purpose of deleting three zeros from the currency of Iraq is to lift the economy and prosperity to raise support for the dinar, which will be a key reason for the return of Iraq’s economy again in January 2017, the step by Iraq intended to reform the local currency system based on the use of the currency too high denominations, which leads to difficulties in handling and in private transactions accounts, as well as higher prices resulting from the use of monetary units higher categories, which leads to a decline in the currency and declining purchasing power exchange rate the dinar in a big way.


CBI decision to remove three zeros from the Iraqi dinar
Iraqi Central Bank chairman said that the deletion of three zeros from the Iraqi dinar will help in flourishing once again the Iraqi economy and the return of the Iraqi currency traded in international stock markets, the deletion of zeros restore Iraqi currency mind in periods of monetary turmoil and declining public revenues of the state at a time when the expenses increase, resort states often to print more of the local currency, leading to price hikes and the occurrence of high inflation, the need to cross categories with high currencies such as the one thousand and one million one hundred thousand … etc., and with every raise in the denomination as the economy enters the furnace of inflation.

The aim of deleting three zeros from the currency of Iraq is one of the means to control the high inflation is monetary reform, coupled with a change in monetary policy by the old currency high Pfiadtha replacement of a new currency with lower categories so prices tend to decline, but does he have on inflation? The answer is no, because the elimination of inflation is required to follow state moderate monetary policy, an official at the Central Bank of Iraq and stressed that the Iraqi dinar will be the vital currency in global stock markets and the central bank is currently discussing the principles of starting the project and its laws on the beginning of the project of the year 2017 and stressed that the new currency will not have a significant impact on the major currencies, but will raise the Iraqi economy.

Why delete the three zeroes from the Iraqi dinar

rocky
rocky
NNP TEAM
NNP TEAM

Posts : 189345
Join date : 2012-12-21

dinar - After the decline and stability .. The rise of the dollar against the Iraqi dinar - Page 2 Empty Re: After the decline and stability .. The rise of the dollar against the Iraqi dinar

Post by rocky on Thu 22 Aug 2019, 1:34 am

thanks Jedi

Sponsored content

dinar - After the decline and stability .. The rise of the dollar against the Iraqi dinar - Page 2 Empty Re: After the decline and stability .. The rise of the dollar against the Iraqi dinar

Post by Sponsored content


    Current date/time is Sat 19 Sep 2020, 5:01 am