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


100 US dollars is equivalent to 100 Iraqi dinars .. Is it possible? An economic expert answers.

rocky
rocky
NNP TEAM
NNP TEAM

Posts : 189661
Join date : 2012-12-21

100 US dollars is equivalent to 100 Iraqi dinars .. Is it possible? An economic expert answers. Empty 100 US dollars is equivalent to 100 Iraqi dinars .. Is it possible? An economic expert answers.

Post by rocky on Thu 17 Sep 2020, 2:55 pm

100 US dollars is equivalent to 100 Iraqi dinars .. Is it possible? An economic expert answers.
 
The economic expert, Salam Sumaisem, said that the government is now obliged to reduce the value of the Iraqi dinar against the dollar in order to obtain greater quantities of Iraqi money against the dollar without printing more, and thus preserving the currency from collapse.
In an interview with the “obelisk”, Sumaisem said that in the pre-2003 era, the currency was printed without cover and in large quantities, and it was reduced without a balance. Today, it can be reduced with a balance, indicating that this reduction increases the amount of exports because it pays people They import from abroad to the demand for local goods, which will lead to a devaluation of the currency and the demand for it becomes more.
 
Several countries resorted to writing off zeros of their currency, with the aim of restoring some confidence in the national currency by trying to absorb inflation represented by high prices and the erosion of purchasing value.
Sumaisem indicated that the time is not appropriate to manipulate zeros or the currency because its value will change, and with regard to removing zeros, this requires monetary stability and that was decided during the era of Sinan al-Shabibi administration of the Central Bank.
The economic expert called for improving the status of the dinar so that every 100 dinars would be equal to 100,000 Iraqis, and thus raising the zeros so that every 100 dollars equal to 100 Iraqi dinars, and thus the dinar would be equal to the dollar.
But Sumaisem believes that raising the zeros is not possible at the present time, due to the monetary and economic crisis that Iraq suffers from.
 
And deleting zeros from the currency is the process of replacing the old currency with a new one whose price is less than the old currency by the number of zeros that will be deleted, for example deleting three zeros from the Iraqi currency means that one dinar from the new currency is equivalent to 1000 dinars from the old currency.
The Iraqi Minister of Finance proposed reducing the price of the Iraqi dinar as a measure to confront the financial crisis, as Sumaisem believes that this proposal will be the closest scenario .. and will prevent compromising the storage in the central bank. 


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

weslin3, chouchou and Rip534 like this post

weslin3
weslin3
Interacting Investor
Interacting Investor

Posts : 7326
Join date : 2012-12-19

100 US dollars is equivalent to 100 Iraqi dinars .. Is it possible? An economic expert answers. Empty Re: 100 US dollars is equivalent to 100 Iraqi dinars .. Is it possible? An economic expert answers.

Post by weslin3 on Thu 17 Sep 2020, 8:27 pm

I'll take it...

chouchou, zimi31 and Rip534 like this post

avatar
azdinar
Getting It Investor
Getting It Investor

Posts : 70
Join date : 2012-12-19

100 US dollars is equivalent to 100 Iraqi dinars .. Is it possible? An economic expert answers. Empty Re: 100 US dollars is equivalent to 100 Iraqi dinars .. Is it possible? An economic expert answers.

Post by azdinar on Thu 17 Sep 2020, 10:02 pm

We would run to the bank and never look back. The future would be so bright would need to wear shades. 😎

weslin3, chouchou, zimi31 and Rip534 like this post

zimi31
zimi31
Interacting Investor
Interacting Investor

Posts : 2411
Join date : 2012-12-21
Location : New York

100 US dollars is equivalent to 100 Iraqi dinars .. Is it possible? An economic expert answers. Empty Re: 100 US dollars is equivalent to 100 Iraqi dinars .. Is it possible? An economic expert answers.

Post by zimi31 on Fri 18 Sep 2020, 7:00 am

[You must be registered and logged in to see this link.] wrote:We would run to the bank and never look back. The future would be so bright would need to wear shades. 😎


Totally agree!!!   badboys

weslin3, crazzy_411, chouchou and Rip534 like this post

smillenace
smillenace
Understood Investor
Understood Investor

Posts : 124
Join date : 2012-12-19
Age : 56
Location : Plaquemine, La

100 US dollars is equivalent to 100 Iraqi dinars .. Is it possible? An economic expert answers. Empty Re: 100 US dollars is equivalent to 100 Iraqi dinars .. Is it possible? An economic expert answers.

Post by smillenace on Fri 18 Sep 2020, 8:46 am

I wouldn't get to excited about this article!  It's talking about a Lop!!

chouchou likes this post

weslin3
weslin3
Interacting Investor
Interacting Investor

Posts : 7326
Join date : 2012-12-19

100 US dollars is equivalent to 100 Iraqi dinars .. Is it possible? An economic expert answers. Empty Re: 100 US dollars is equivalent to 100 Iraqi dinars .. Is it possible? An economic expert answers.

Post by weslin3 on Fri 18 Sep 2020, 8:49 am

[You must be registered and logged in to see this link.] wrote:I wouldn't get to excited about this article!  It's talking about a Lop!!
100 dollars equal to 100 Iraqi dinars, and thus the dinar would be equal to the dollar.


This a lop....?? I took it make it equal to a US$



Anyone else? Lop or make it 1 to 1??

chouchou, zimi31 and smartmouthy like this post

avatar
crazzy_411
Quiet Investor
Quiet Investor

Posts : 15
Join date : 2012-12-19
Age : 41
Location : jbro

100 US dollars is equivalent to 100 Iraqi dinars .. Is it possible? An economic expert answers. Empty Re: 100 US dollars is equivalent to 100 Iraqi dinars .. Is it possible? An economic expert answers.

Post by crazzy_411 on Fri 18 Sep 2020, 9:06 am

1 to 1 looks like 1 to 1 in my opinion?  Hows this a lop?

weslin3, chouchou, zimi31 and smartmouthy like this post

zimi31
zimi31
Interacting Investor
Interacting Investor

Posts : 2411
Join date : 2012-12-21
Location : New York

100 US dollars is equivalent to 100 Iraqi dinars .. Is it possible? An economic expert answers. Empty Re: 100 US dollars is equivalent to 100 Iraqi dinars .. Is it possible? An economic expert answers.

Post by zimi31 on Fri 18 Sep 2020, 9:12 am

[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:I wouldn't get to excited about this article!  It's talking about a Lop!!
100 dollars equal to 100 Iraqi dinars, and thus the dinar would be equal to the dollar.


This a lop....?? I took it make it equal to a US$



Anyone else? Lop or make it 1 to 1??

I took it to be 1 to 1...after all these years and this year of lockdown I personally need to get a little excited about something...it will be what it will be    freak

weslin3, chouchou and smartmouthy like this post

Proven
Proven
NNP TEAM
NNP TEAM

Posts : 1808
Join date : 2012-12-21

100 US dollars is equivalent to 100 Iraqi dinars .. Is it possible? An economic expert answers. Empty Re: 100 US dollars is equivalent to 100 Iraqi dinars .. Is it possible? An economic expert answers.

Post by Proven on Fri 18 Sep 2020, 9:22 am

Economic reform is the answer.  

Kaddafi tried to do what?  Who rebuilt Germany, Japan, and Saudi Arabia after WWII?  Who installed the Dinar?  What gives it value?  Where is all the DFI money held?  Who forgave the Sadam's debts?  

No other path will be accepted by the wolf pack.

Natural probable consequences of events. 

weslin3, chouchou, zimi31 and RJG like this post

lesley.beter
lesley.beter
Dedicated Investor
Dedicated Investor

Posts : 169
Join date : 2014-11-30

100 US dollars is equivalent to 100 Iraqi dinars .. Is it possible? An economic expert answers. Empty Re: 100 US dollars is equivalent to 100 Iraqi dinars .. Is it possible? An economic expert answers.

Post by lesley.beter on Fri 18 Sep 2020, 10:37 am

Gosh Proven too many questions lol do you see this happening anytime soon given what they are trying to accomplish with tariffs, paying off debts etc?

Sponsored content

100 US dollars is equivalent to 100 Iraqi dinars .. Is it possible? An economic expert answers. Empty Re: 100 US dollars is equivalent to 100 Iraqi dinars .. Is it possible? An economic expert answers.

Post by Sponsored content


    Current date/time is Tue 27 Oct 2020, 5:16 am