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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 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)
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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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    [You must be registered and logged in to see this link.]In the beginning was the Word, and the Word was with God, and the Word was God.... For from His fullness, we have all received and grace upon grace. For the Law was given through Moses; grace and truth came through Jesus Christ. No one has ever yet seen God. The only begotten God, the One being in the bosom of the Father, He has made Him known. - Berean Literal Bible
    gmc
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    Post by gmc Sun 16 Aug 2015, 3:14 pm

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

    lovely article, thanks ward!!
    jbowhunter
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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.
    sassy
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    Post by sassy Sun 16 Aug 2015, 4:17 pm

    I think I could live with that rate jbow!!!!!    duck
    duck2000
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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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    Post by Proven Sun 16 Aug 2015, 4:44 pm

    duck2000 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. 
    gmc
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    Post by gmc Sun 16 Aug 2015, 4:53 pm

    thought of 3 bucks per dinar yippie ki-yay
    Cat561
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    Post by Cat561 Sun 16 Aug 2015, 5:13 pm

    Nice!!!!
    jedi17
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    Post by jedi17 Sun 16 Aug 2015, 5:17 pm

    HOLY CARP!!! who pulled Cat out of retirement!!!!!!!!!!!!!!   Nice to see you Cat  bounce
    pc1chas
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    Post by pc1chas 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

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