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

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

Nice!!!!
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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
pc1chas
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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
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Post by Ronbo on Sun 16 Aug 2015, 5:50 pm

<----- Wasn't him  no

[You must be registered and logged in to see this link.] wrote:HOLY CARP!!! who pulled Cat out of retirement!!!!!!!!!!!!!!   Nice to see you Cat  bounce
Cat561
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Post by Cat561 on Sun 16 Aug 2015, 6:06 pm

[You must be registered and logged in to see this link.] wrote:HOLY CARP!!! who pulled Cat out of retirement!!!!!!!!!!!!!!   Nice to see you Cat  bounce
Easy now I am far from retired! I Am here just usually on my phone and not logged in. Nice to see you too and the news is looking pretty good these days! Even if it is an opinion he has to grab his numbers somewhere. Just saying .....
Proven
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Post by Proven on Sun 16 Aug 2015, 6:10 pm

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


The delete the zeros project reduces the currency in circulation, issues smaller denominations, and raises the exchange rate. 

Take a look at these articles in the CBI section. 


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pc1chas
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Post by pc1chas on Sun 16 Aug 2015, 6:18 pm

Thanks Proven thumbs
zimi31
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Post by zimi31 on Sun 16 Aug 2015, 8:57 pm

[You must be registered and logged in to see this link.] wrote:<----- Wasn't him  no

[You must be registered and logged in to see this link.] wrote:HOLY CARP!!! who pulled Cat out of retirement!!!!!!!!!!!!!!   Nice to see you Cat  bounce

It doesn't matter how or why, it's just good to see you Cat!!!

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