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


Neno

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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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    Expert (time): the issuance of new Class currency loses value

    Proven
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    Expert (time): the issuance of new Class currency loses value Empty Expert (time): the issuance of new Class currency loses value

    Post by Proven Thu 07 May 2015, 3:24 pm

    Expert (time): the issuance of new Class currency loses value

    - May 5, 2015

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    Eliminated the deletion of zeros in the foreseeable future

    Expert (time): the issuance of new Class currency loses value

    BAGHDAD Qusay Munther

    Ruled out economic expert contrary goldsmith feet of the central bank on the process of deletion of zeros from the currency in the current circumstances described the implementation as office process only intended to reduce the accounts and warned that the introduction of a new category of currency to the loss of monetary value with the Economic Commission parliamentary revealed the bank's determination to issue a new currency category fifty thousand dinars.

    He said the goldsmith's (time) yesterday that (deletion of zeros from the currency is the office process to reduce the accounts when reading the budgets to be as easy as the central bank does not have the ability at this time to delete Asfarbspb economic situation is stable and then, this procedure does not lead to increased activity Economic, because the cash value comes from the size of the country Activity in sectors that contribute to the support of exchange strength of cash), explaining that (the market activity in which large defect because of the low fiscal revenue of the country, especially oil imports and all this has led to severe financial shortages were evident on the overall performance of state institutions and therefore All of these precautionary measures on sectors anticipatory more than they are open) procedures. Adding (as you can not determine what will happen in the coming days as it can not afford any institution Aouktaa risk in government spending is not known).

    He said (to delete the zeros at this time to Ajribt in reducing the exchange rate must be out of the Central Bank of the circuit that handles the due procedures of fulfillment taxes from traders, businessmen and requested them to provide their belongings as it is not the duty of the Bank taxes are met, but the duty of others, such as tax and Alcomerk) circuit.

    He explained that (Liability is limited to the Bank's monetary policy and how to manage transactions in the event of a recession or inflation or recovery).

    And on the Bank's intention to issue new class of currency, the jeweler said (the issuance of new high amounts of cash currency will lead to the expansion of the currency and then the monetary value of the loss, it is imperative that any actions aimed to revitalize sectors).

    Adding that the (policy now is to deflationary policy also that this issue needs to process a balance in the exchange rate, can not be spending on the investment side because of a lack of imports and mismanagement of funds in the past period and the absence of productive sectors).

    Sayegh concluded by saying that (there is a wrong action on the monetary policy level and if specialists and experts of the private sector did not put solutions to them will affect the country's economy, particularly that officials in government positions do not realize how important this issue and to any negative over the heading and its impact on government and popular) sides .

    Furthermore, he confirmed member of the Committee of Economy and Investment Charter parliamentary Hamdi that (the central bank can not delete the zeros due to the unstable economic situation), revealing the bank's determination to address the imbalance sites and it will print a new financial category worth fifty thousand dinars.

    Hamdi said in a statement yesterday that the (Commission Devt Governor of the Central Bank on the Keywords to discuss the issues concerning the provision of liquidity and increase demand for the dollar and the disparity in the exchange rate).

    She explained that (Keywords stressed that the process of addressing these things will be printed as a new financial category worth fifty thousand dinars, while the postponed printing percent category thousand dinars to a later time).

    She said (the bank can not delete the zeros because of the current situation and the unstable Iraqi economy), calling on the central bank to (increase revenue in order to provide liquidity and foreign currency, thus alleviating the burden on the citizen).


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    Post by wciappetta Thu 07 May 2015, 4:13 pm

    That sums up why they're not going to introduce a 50K note for the  same reasons I mentioned a few days ago ...just watch....
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    Post by weslin3 Fri 08 May 2015, 11:50 am

    wciappetta wrote:That sums up why they're not going to introduce a 50K note for the  same reasons I mentioned a few days ago ...just watch....
    I'm watching...

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    Post by fonz1951 Fri 08 May 2015, 12:39 pm

    me too weslin3.
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    Post by wciappetta Fri 08 May 2015, 2:05 pm

    Look at this way, they introduce 50k and 100K notes thus expanding the money supply for ordinary transactions. You have to back the money with some sort of stored wealth, we all know it's strictly hard currency reserves and a smattering of gold; they are not using the oil wealth at all.

     There  about 4.2 billion bank notes in country and they are not shrinking the supply under this scenario. so what happens to the the official exchange rate that is backed by a fixed value of reserves? If they followed this phony story the exchange rate would plummet like a stone the very next day. I would say the rate would be more like 2500  dinar to the dollar. The outcome would be the citizen carrying  bags of 50 and 100K notes to buy what the 25K bought the day before, it defies every tacit detail they have labored for up to this point.... there is no way they do this not with all that oil wealth, No they have other plans...
    a couple of extra thoughts;

     It's amazing to me that these two ladies in Parliament haven't considered the outcome of the story and one of them is on the finance committee..

     I'd hate to have to reconcile their checkbooks..lol
    and since signatures don't display I pasted it in today:
    In hebrew
    Jesus - [You must be registered and logged in to see this link.]  [You must be registered and logged in to see this link.]  [You must be registered and logged in to see this link.]  [You must be registered and logged in to see this link.]  [You must be registered and logged in to see this link.]  [You must be registered and logged in to see this link.]  [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]  [You must be registered and logged in to see this link.] 
      Literally, "Called Name Wonderful Counseling God, Mighty and Eternal, the Prince of Peace. -Isaiah 9:6
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    Post by mochasmom Fri 08 May 2015, 3:52 pm

    Ward, you are the best! Thank you
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    Post by wciappetta Fri 08 May 2015, 4:39 pm

    You're welcome, I noticed I'm not popular with somebody though lol but then again who gives a crap about the cowardly folk that hide in shadows....their thought  process is as clouded as the shadows they hide in....
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    Post by Screwball Fri 08 May 2015, 5:14 pm

    What the? We have people hiding in the shadows! It could be like that other side where I challenged someone's theory and next thing I knew had to register again! As if that's going to work? Lol...apparently it's alright to have an opinion just don't express it! Your posts make sense and like Provens are based on what we know and presented in a logical manner! As you say who gives a crap about turd lurkers!
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    Post by Screwball Fri 08 May 2015, 5:15 pm

    Oh and based on facts as they are written!
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    Post by Neno Fri 08 May 2015, 5:15 pm

    I still see the 50k and 100k taking the place of the 1000 thru 25000k notes. I'm waiting to see. The citizens will never see them... :)

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