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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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    The deletion of zeros from the Iraqi currency restores its monetary value - Fahd Antar Dokhi

    lonelyintexas
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    The deletion of zeros from the Iraqi currency restores its monetary value - Fahd Antar Dokhi  Empty The deletion of zeros from the Iraqi currency restores its monetary value - Fahd Antar Dokhi

    Post by lonelyintexas Sat 30 May 2015, 7:53 am

    The deletion of zeros from the Iraqi currency restores its monetary value - Fahd Antar Dokhi *

     

    Posted on 29 مايو 2015 by space Uruk

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    Fahd Antar Dokhi

     

    Was Alojdrb (Bremer) head of the Iraqi destruction authority when it canceled the Iraqi currency of the former regime the end of 2003 to find a coin which reduces the presence of zeros, the fact that the Iraqi economy, the traditional inflation stages exceeded even arrived to the brink of collapse, and this procedure is one of the means at hand to address the weakness of the value of the Iraqi dinar, according to the monetary and banking law, has to be a return to basic sources which constitutes a strong factor in restoring confidence to our national currency, it is deleted three zeros from Almtadolh currency now put metal and paper dinar parts, including (5, 10, 25, 50, 100, 250 and 500 fils) .. which will bring the following benefits:

     

    1. Ease of circulation and clarity and knowledge of monetary value easily even to foreigners and Hmaaaml Assistant to buy and handle them and trust the other hand, the lifting of 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. reduces the cost of printing Tabaha.az that JD (25) which will replace the 25 thousand dinars Alnaamhalmtdoualh currency is currently easier and quality will be high ..

     

    4. strengthen the fabric and improved through the addition of the 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 banks, because we need to Qasat less and less effort and also the lower 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 the national economy.

     

    8. provides speed and accuracy in trading in settling accounts.

     

    9. gives the workers, 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 by banks and increases traded.

     

    12. also 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 million to replace the thousand, and can develop a mechanism to withdraw the old currency by subtracting the new currency with them and set a time ceiling to suspend trading Balkadimh record for a period of Omayorasth months, in light of that holds the government banks did not place them again in the Dealing even decay within the period specified ..

     

    * Fahd Antar Dokhi member Iraqi Economists Association
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    Post by mochasmom Sat 30 May 2015, 7:55 am

    Another article convincing themselves to do it...so just do it!
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    Post by lonelyintexas Sat 30 May 2015, 8:08 am

     now put metal and paper dinar parts, including (5, 10, 25, 50, 100, 250 and 500 fils) .. which will bring the following benefits:

    Missed this part in the article.  So, Economist is saying this should be next.
    Thanks
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    The deletion of zeros from the Iraqi currency restores its monetary value - Fahd Antar Dokhi  Empty Re: The deletion of zeros from the Iraqi currency restores its monetary value - Fahd Antar Dokhi

    Post by Neno Sat 30 May 2015, 8:16 am

    1. Ease of circulation and clarity and knowledge of monetary value easily even to foreigners and Hmaaaml Assistant to buy and handle them and trust the other hand, the lifting of monetary value against other currencies ..



    Like this one the best.
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    The deletion of zeros from the Iraqi currency restores its monetary value - Fahd Antar Dokhi  Empty Re: The deletion of zeros from the Iraqi currency restores its monetary value - Fahd Antar Dokhi

    Post by ahill Sat 30 May 2015, 1:29 pm

    Good news to wake up to today.

    Thanks  lonely.
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    Post by day dreamer Sat 30 May 2015, 1:33 pm

    thumbs2
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    Post by sassy Sat 30 May 2015, 3:28 pm

    Good article Lit! yes
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    Post by tilemaster Sat 30 May 2015, 5:52 pm

    Did anyone elses heart skip when u first read the title of this post
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    Post by duck2000 Sun 31 May 2015, 6:10 am

    no fifty thousand and hundred thousand here! LOL
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    Post by Neno Sun 31 May 2015, 8:34 am

    duck2000 wrote:no fifty thousand and hundred thousand here! LOL
    Bingo, as citizens wouldn't ever see them unless, the value of the exchange rate just kept dropping then, they might. Now if coarse, that's been my opinion.

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