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


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

    wciappetta
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    • Post n°1

    Economist: deletion of zeros from the currency will reduce the dollar traded in the local market - Page 3 Empty Economist: deletion of zeros from the currency will reduce the dollar traded in the local market

    Post by wciappetta 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)
    [You must be registered and logged in to see this link.]
    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 n°21

    Economist: deletion of zeros from the currency will reduce the dollar traded in the local market - Page 3 Empty Re: Economist: deletion of zeros from the currency will reduce the dollar traded in the local market

    Post by jackolatern Sun 16 Aug 2015, 12:13 pm

    It will never happen........ Common sense has to come into play somewhere. The market will not honor the dinar at $3 plus knowing that it is instable country.  oh the currency will change but you will not see three plus
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    • Post n°22

    Economist: deletion of zeros from the currency will reduce the dollar traded in the local market - Page 3 Empty Re: Economist: deletion of zeros from the currency will reduce the dollar traded in the local market

    Post by Neno Sun 16 Aug 2015, 12:28 pm

    jackolatern wrote:It will never happen........ Common sense has to come into play somewhere. The market will not honor the dinar at $3 plus knowing that it is instable country.  oh the currency will change but you will not see three plus
    That's cool with me but, I still believe in a value and a value of even a penny is good with me. Just sucks cause that would mean I have to continue playing the time thing cause of what I believe, and that is cool too as I am not in a rush thank GOD!... laugh

    OS: your original username has been merged to this new account.
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    • Post n°23

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    Post by Proven Sun 16 Aug 2015, 1:30 pm

    Great find Ward!  The Shabibi plan is alive and well.


    Neno,  Funny how I just mentioned this to you and here it is.  We know where they are going!


    Points of interest from the article:

    1  Will reduce dollars in the market.  
    2  Put forward 4 years ago by Shabibi.  (I kept a CBI briefing paper on it.)
    3  Needs political, economic and security stability.
    4  Needs new notes to be printed.  (Completed last year.)
    5  Deferred in the Shabibi era until further notice.  (Started implementation with  electronic remittances.)
    6  Will dispose of damaged currency.
    7  Reduce the number of notes in circulation.
            (Blows the large denomination propaganda out the   
         water.)
    8  Reduce pressure on the the Trustee of the Fund.   (CBI)
    9  Will convert (value) 25 dinars equivalent to 75 dollars.
    10 Facilitate the use of electronic currencies such as Visa. 
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    • Post n°24

    Economist: deletion of zeros from the currency will reduce the dollar traded in the local market - Page 3 Empty Re: Economist: deletion of zeros from the currency will reduce the dollar traded in the local market

    Post by mochasmom Sun 16 Aug 2015, 2:53 pm

    But doesn't that mean dinar would be 333/1 instead of 1160/1, not 3.41 per dinar
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    lonelyintexas
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    • Post n°25

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    Post by lonelyintexas Sun 16 Aug 2015, 3:08 pm

    Using the numbers from the article it actually would be 22.00 divided by 75.00 which gives you a decimal conversion of .29.  Then you take the .29 as a decimal rate towards the US dollar and you get $3.45 cents.  That is how it comes to such a rate.
    Thanks
    LIT

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    gmc
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    • Post n°26

    Economist: deletion of zeros from the currency will reduce the dollar traded in the local market - Page 3 Empty Re: Economist: deletion of zeros from the currency will reduce the dollar traded in the local market

    Post by gmc Sun 16 Aug 2015, 3:14 pm

    thanks lit
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    beverly508
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    • Post n°27

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    Post by beverly508 Sun 16 Aug 2015, 3:24 pm

    lovely article, thanks ward!!
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    • Post n°28

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    Post by jbowhunter Sun 16 Aug 2015, 4:05 pm

    Little better than a penny above or below Kuwait.   1 KWD is currently 3.31 USD.  I'd take either.
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    • Post n°29

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    Post by sassy Sun 16 Aug 2015, 4:17 pm

    I think I could live with that rate jbow!!!!!    duck
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    • Post n°30

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    Post by duck2000 Sun 16 Aug 2015, 4:32 pm

    well at least it suports thoughts of at least three dollars.. i musnt be too far off track if they think it also!
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