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Economist: deletion of zeros from the currency will reduce the dollar traded in the local market

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wciappetta
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Economist: deletion of zeros from the currency will reduce the dollar traded in the local market

Post by wciappetta on Sun 16 Aug 2015, 10:09 am

Gee I think he is suggesting a $3.00 plus revalue is the appropriate course of action ...


Economist: deletion of zeros from the currency will reduce the dollar traded in the local market
Economy and tenders
 Since 16.08.2015 at 11:24 (GMT Baghdad)
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Special - scales News
He stressed the economic expert on behalf of Jamil Antoine, Sunday, that the deletion of zeros from the Iraqi dinar will reduce the US dollar traded in the local market, noting that Matrouh this project four years ago, and deferred to notice another.
He said Antoine L / scales News /, that "the project to delete the zeros Matrouh four years ago and was intended to achieve the basic objectives, the requirement that there be a security and political stability, and economic order to the process is done, and the creation of the banking system fully to print the amounts."
He added that "in the era of Shabibi when he was governor of the Central Bank of this project has been delayed and lost stability and requirements factors and the ground for the implementation of this process, which is now deferred to notice another, while providing the appropriate conditions."
He pointed out that [size=24]"This project will reduce the use of the dollar in the domestic market, and disposing of damaged currency, as well as to reduce the large numbers that are trading mathematically, and reduce the pressure on the Trustees of the Fund, and there are a lot of benefits from the deletion of zeros."[/size]
He explained that "the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75, this process will give the larger size of the local currency and reduce the use of the dollar in the domestic market."
Antoine said that "the Iraqi people tend to use cash flow does not deal with modern facilities visas and Kart and instruments, and began this means Athjm role" ./ ended 29 n / 10



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Last edited by wciappetta on Sun 16 Aug 2015, 11:15 am; edited 1 time in total


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mochasmom
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Re: Economist: deletion of zeros from the currency will reduce the dollar traded in the local market

Post by mochasmom on Sun 16 Aug 2015, 10:13 am

Say what?
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day dreamer
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Re: Economist: deletion of zeros from the currency will reduce the dollar traded in the local market

Post by day dreamer on Sun 16 Aug 2015, 10:14 am

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who'd da thunk


Last edited by day dreamer on Sun 16 Aug 2015, 10:19 am; edited 1 time in total
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Re: Economist: deletion of zeros from the currency will reduce the dollar traded in the local market

Post by day dreamer on Sun 16 Aug 2015, 10:18 am

$75 afterwards
$22 right now

 75 divided by 22  =$3.41


Last edited by day dreamer on Sun 16 Aug 2015, 10:28 am; edited 1 time in total
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lonelyintexas
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Re: Economist: deletion of zeros from the currency will reduce the dollar traded in the local market

Post by lonelyintexas on Sun 16 Aug 2015, 10:23 am

Thats a great article, sure seems like that is what they are trying to tell us in arablish. Woo Hoo.
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sassy
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Re: Economist: deletion of zeros from the currency will reduce the dollar traded in the local market

Post by sassy on Sun 16 Aug 2015, 10:24 am

Great article Ward!!    WOW!  Sure looks like there's benefits of the deletion of Zeroes!! yes
 The news just gets better each day!  Thanks   duck
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Re: Economist: deletion of zeros from the currency will reduce the dollar traded in the local market

Post by jackolatern on Sun 16 Aug 2015, 10:44 am

HAHA $3.41, Who dreams this stuff up? An what's  worse is the people that believe it:lol!:lol!
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Re: Economist: deletion of zeros from the currency will reduce the dollar traded in the local market

Post by jedi17 on Sun 16 Aug 2015, 11:00 am

do NOT feed the troll
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dizzydee
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Re: Economist: deletion of zeros from the currency will reduce the dollar traded in the local market

Post by dizzydee on Sun 16 Aug 2015, 11:01 am

RichardHead wrote:HAHA $3.41, Who dreams this stuff up? An what's  worse is the people that believe it:lol!:lol!
Have to ask. Did you not go by the user name , jackolatern, not to long ago?
Evil or Very Mad


Last edited by dizzydee on Sun 16 Aug 2015, 11:03 am; edited 1 time in total

Stevethebrit
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Re: Economist: deletion of zeros from the currency will reduce the dollar traded in the local market

Post by Stevethebrit on Sun 16 Aug 2015, 11:03 am

Way I've just read that is that the new value of the Dinar is $3. That's IQD25 = $75.

Tell me if these palpatations I'm having here are a mistaken understanding of what that says!!

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