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

Iraq Dinar/News is a popular topic among many topics this board offers. You must log in to see and participate in our Dinar sections.

Ever heard of Bitcoin? I encourage you to veiw my 4 minute video about the Bitcoin of Health Care CoinMD. Just load CoinMD.io/StylesMD set up a free 30 day test ride and contact me as needed. I have a Facebook informational page you can request to join for all my mist updates.

Neno

I can be reached by phone or text 7am-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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2017


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

Share
avatar
wciappetta
NNP TEAM
NNP TEAM

Posts : 4444
Thanked : 2327
Join date : 2012-12-20

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

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



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


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


_________________
What things soever ye desire, when ye pray, believe that ye receive them, and ye shall have them[You must be registered and logged in to see this link.]
avatar
gmc
Understood Investor
Understood Investor

Posts : 102
Thanked : 29
Join date : 2012-12-19

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

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

thanks lit
avatar
beverly508
Dedicated Investor
Dedicated Investor

Posts : 168
Thanked : 28
Join date : 2012-12-29

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

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

lovely article, thanks ward!!
avatar
jbowhunter
Understood Investor
Understood Investor

Posts : 107
Thanked : 49
Join date : 2012-12-19

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

Post by jbowhunter on 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.
avatar
sassy
Till The End
Till The End

Posts : 1793
Thanked : 894
Join date : 2012-12-20

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, 4:17 pm

I think I could live with that rate jbow!!!!!    duck
avatar
duck2000
Interacting Investor
Interacting Investor

Posts : 2934
Thanked : 1358
Join date : 2012-12-21

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

Post by duck2000 on 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!
avatar
Proven
NNP TEAM
NNP TEAM

Posts : 1426
Thanked : 979
Join date : 2012-12-21

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

Post by Proven on Sun 16 Aug 2015, 4:44 pm

[You must be registered and logged in to see this link.] wrote:well at least it suports thoughts of at least three dollars.. i musnt be too far off track if they think it also!

They must have heard the same things you did. 
avatar
gmc
Understood Investor
Understood Investor

Posts : 102
Thanked : 29
Join date : 2012-12-19

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

Post by gmc on Sun 16 Aug 2015, 4:53 pm

thought of 3 bucks per dinar yippie ki-yay
avatar
Cat561
NNP TEAM
NNP TEAM

Posts : 854
Thanked : 140
Join date : 2012-12-19
Age : 47

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

Post by Cat561 on Sun 16 Aug 2015, 5:13 pm

Nice!!!!
avatar
jedi17
Moderator
Moderator

Posts : 10636
Thanked : 1347
Join date : 2013-02-20

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, 5:17 pm

HOLY CARP!!! who pulled Cat out of retirement!!!!!!!!!!!!!!   Nice to see you Cat  bounce
avatar
pc1chas
Getting It Investor
Getting It Investor

Posts : 39
Thanked : 11
Join date : 2012-12-30

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

Post by pc1chas on Sun 16 Aug 2015, 5:36 pm

Okay, I can't be the only lame-brained, confused person here.  As stated, doesn't this mean a re-denomination then revaluation.  If so, we make a nice profit (about 30% on investment) but not the large amount most have hoped for?  The only way I can see where we make significant money is if they delete the 0's off the rate and not the currency--but that isn't what it says--or is it?  I'm so confused. 306

Sponsored content

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

Post by Sponsored content


    Current date/time is Mon 22 Jan 2018, 12:17 pm