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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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    • Post n°1

    The deletion of zeros from the Iraqi currency restores its monetary value - Fahd Antar Dokhi - Page 3 Empty The deletion of zeros from the Iraqi currency restores its monetary value - Fahd Antar Dokhi

    Post by lonelyintexas Sat May 30, 2015 8:53 am

    First topic message reminder :

    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 n°21

    The deletion of zeros from the Iraqi currency restores its monetary value - Fahd Antar Dokhi - Page 3 Empty Re: The deletion of zeros from the Iraqi currency restores its monetary value - Fahd Antar Dokhi

    Post by duck2000 Mon Jun 01, 2015 6:16 am

    The Problem with Printing Money
    By [You must be registered and logged in to see this link.] on August 7, 2012 in [You must be registered and logged in to see this link.]

    Readers Comment. The obvious question is why doesn’t the Bank of England just print the money instead of borrowing the money?

    Many often ask why government’s don’t print more money to deal with the problem of National debt. The reason is that printing more money doesn’t increase economic output in any way –  it merely causes inflation.


    • Suppose an economy produces £10 million worth of goods. e.g. 1 million books at £10 each.
    • If the government doubled the money supply, we would still have 1 million books but people have more money. Demand for books would rise and firms would push up prices.
    • The most likely scenario is that if money supply was doubled. we would have 1 million books sold at £20. The economy is now worth £20 million rather than £10 million. But, the number of goods is exactly the same.
    • We can say that the increase in GDP is a money illusion. – True you have more money, but if everything is more expensive, you are not any better off.
    • In this simple model, printing more money has made goods more expensive, but hasn’t change the quantity of goods.


    Problems of Inflation

    Why is inflation such a problem?

    1. Fall in value of savings. If people have cash savings, then inflation will erode the value  of your savings. £1 million marks in 1921 was a lot. But, two years later, your savings would have become worthless. High inflation can also reduce the incentive to save.
    2. Menu costs. If inflation is very high then it becomes harder to make transactions. Prices frequently change. Firms have to spend more on changing price lists. In the hyperinflation of Germany, prices rose so rapidly, people used to get paid twice a day. If you didn’t buy bread straight away, it would become too expensive. This destabilises an economy.
    3. Uncertainty and confusion. High inflation creates uncertainty. Periods of high inflation discourage firms from investing and can lead to lower economic growth.


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    • Post n°22

    The deletion of zeros from the Iraqi currency restores its monetary value - Fahd Antar Dokhi - Page 3 Empty Re: The deletion of zeros from the Iraqi currency restores its monetary value - Fahd Antar Dokhi

    Post by duck2000 Mon Jun 01, 2015 6:32 am

    Hyperinflation

    A very high rate of [You must be registered and logged in to see this link.], especially sustained over a long period of time. While there is no set numeric definition, it is associated with inflation percentages in the millions and billions. Hyperinflation is almost always caused by poor [You must be registered and logged in to see this link.] on the part of the government. For example, a government that rapidly increases the [You must be registered and logged in to see this link.] without a corresponding [You must be registered and logged in to see this link.] in [You must be registered and logged in to see this link.] often undergoes hyperinflation. This situation often leads to (though it may also be caused by) wider [You must be registered and logged in to see this link.] instability, and may lead to a lack of confidence in the government. As a result, hyperinflation that persists for a long time may lead to the government [You must be registered and logged in to see this link.] a new [You must be registered and logged in to see this link.] entirely.
    Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

    hyperinflation


    A very high level of inflation that tends to result in the breakdown of the monetary system, the hoarding of goods, and difficulty in achieving real economic growth. The classic case of hyperinflation occurred in Germany during the 1920s. Hyperinflation, which tends to motivate people to own real goods, adversely affects security prices.

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    • Post n°23

    The deletion of zeros from the Iraqi currency restores its monetary value - Fahd Antar Dokhi - Page 3 Empty Re: The deletion of zeros from the Iraqi currency restores its monetary value - Fahd Antar Dokhi

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