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Established in 2006 as a Community of Reality

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


Deputy: 35 trillion dinars are stored with the people who refuse to deposit them in banks

Proven
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Deputy: 35 trillion dinars are stored with the people who refuse to deposit them in banks Empty Deputy: 35 trillion dinars are stored with the people who refuse to deposit them in banks

Post by Proven on Tue 22 Sep 2020, 9:35 am

Supports a slow rise: 




Deputy: 35 trillion dinars are stored with the people who refuse to deposit them in banks

10:32 - 22/09/2020
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The information / Baghdad ..

The deputy of the Saeron Alliance, Riyad Al-Masoudi, confirmed, on Tuesday, that the Iraqis are refraining from keeping their money or depositing it in banks for many reasons, noting that more than 35 trillion Iraqi dinars stored with the people refuse to deposit them in banks.

Al-Masoudi said in a statement to / information /, that "the Iraqi government is facing great challenges in providing Iraqi cash to meet the requirements of employees salaries and operating expenses."

He added, "The previous and current successive Iraqi governments have not succeeded in activating the banking system, as well as the Iraqi citizen's lack of confidence in banking governance."

Al-Masoudi explained, "The failure of the governments over 17 years has led to 35 trillion Iraqi dinars and more being stored in homes instead of depositing them in banks." Ended / 25 
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Post by Diamond on Tue 22 Sep 2020, 11:46 am

Check malikis matteress for this kind of chunky money!!!  lol! lol! lol!

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Post by Proven on Tue 22 Sep 2020, 12:43 pm

[You must be registered and logged in to see this link.] wrote:3 dollar rv with 35 trillion stored. Lol

How fast the dinar increases in value  is a question.


If it starts to rise, then people will hoard it.  Less economic development than other options.


If it pops up then goes up slowly, people will spend and save it. 


If it pops up then stops.  It will boost consumer spending, but less savings.


They get one shot, I hope they use it for the betterment of their people. 


We shall see.  

Al-Masoudi said in a statement to / information /, that "the Iraqi government is facing great challenges in providing Iraqi cash to meet the requirements of employees salaries and operating expenses."

Raise the value and fund the government. 

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Post by lesley.beter on Tue 22 Sep 2020, 3:54 pm

These people are just not used to banking like we are, and there is no trust in the establishment. Sad

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Post by jbigg on Tue 22 Sep 2020, 4:31 pm

But I wonder how much of that is in the hands of people just like us?

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Post by lesley.beter on Tue 22 Sep 2020, 6:04 pm

A revalue would bring in the notes that’s for sure

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Post by Diamond on Wed 23 Sep 2020, 5:23 am

[You must be registered and logged in to see this link.] wrote:Slow grow based on investments. It will Never RV overnight. That Will be a lop
az you dont have a clue cause if you did ya'd know the difference between lop an removal of 3 zeros

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Post by Proven on Wed 23 Sep 2020, 7:13 am

[You must be registered and logged in to see this link.] wrote:But I wonder how much of that is in the hands of people just like us?


35 trillion is the amount outside of the Iraqi banking system.


I estimate between 6 to 8 trillion.


A large amount is held by central banks.

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