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

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

First topic message reminder :

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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jackolatern
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Post by jackolatern on Sun 16 Aug 2015, 11:05 am

Yes........ I just forgot my password because it had been a while since I signed in............. An keep it on topic dizzy HA!
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Post by jedi17 on Sun 16 Aug 2015, 11:20 am

[You must be registered and logged in to see this link.] wrote: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!!

it is a economist that is making an opinion.....value has not changed yet.  However, that would be a appropriate rate!
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Post by dizzydee on Sun 16 Aug 2015, 11:23 am

RichardHeI ad wrote:Yes........ I just forgot my password because it had been a while since I signed in............. An keep it on topic dizzy HA!
I am staying on topic, just wanted everyone to know who you are!  crazy
jackolatern
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Post by jackolatern on Sun 16 Aug 2015, 11:27 am

HaHa! Crazy? Hey buddy, I'm not the one that thinks this currency is going to revalue at 3 bucks
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Post by Neno on Sun 16 Aug 2015, 11:36 am

RichardHead wrote:HaHa! Crazy? Hey buddy, I'm not the one that thinks this currency is going to revalue at 3 bucks
That's fine your entitled to that so, what does your opinion generate?
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Post by franny on Sun 16 Aug 2015, 11:42 am

RichardHead: I bet deep inside, you want it to rv for $3+. :-)
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Post by jackolatern on Sun 16 Aug 2015, 11:43 am

A glimpse of reality, I think an like I said so many times prior, I want to be wrong but so far I've been entirely spot on.
jackolatern
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Post by jackolatern on Sun 16 Aug 2015, 11:44 am

Yes I do
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Post by azareus on Sun 16 Aug 2015, 11:51 am

Noone had been spot on. I hope for 3+
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Post by Neno on Sun 16 Aug 2015, 12:07 pm

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."


Yes he is only quoting Shabibi's Plan Now, what does "and converted" mean? badboys

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