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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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Economist: deletion of zeros from the currency will reduce the dollar traded in the local market - Page 5 Empty 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)
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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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Cat561
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Post by Cat561 on Sun 16 Aug 2015, 8:59 pm

Thanks Zimi! Can't wait for our next get together !!
weslin3
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Post by weslin3 on Sun 16 Aug 2015, 9:23 pm

thumbs Great article....
zimi31
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Post by zimi31 on Mon 17 Aug 2015, 8:03 am

[You must be registered and logged in to see this link.] wrote:Thanks Zimi! Can't wait for our next get together !!




Me either....can't wait to meet your little guy!!!
mochasmom
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Post by mochasmom on Mon 17 Aug 2015, 9:16 am

So if its off the exchange rate (zeros) how does this guy  estimate the same amt we have always guessed it would be, does he have insight or an 8 ball?  Or maybe its a known amt to them...cant be the math Lit explained...
jedi17
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Post by jedi17 on Mon 17 Aug 2015, 10:16 am

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

lol....most of us are far from retirement, and you are right, he has to get his numbers somewhere.....and if these numbers are right....I will send you a years supply of Quebec poutine!
Cat561
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Post by Cat561 on Mon 17 Aug 2015, 10:32 am

Iraq and the numbers do not have to make sense for whoever was asking that. I mean Iraq has not made sense since the beginning of this investment so no need for them to start now !! I think this is a very produce and encouraging article !! 

Will also take poutine for a year my version is not even close to the real thing!!
Neno
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Post by Neno on Mon 17 Aug 2015, 5:14 pm

Damm GOOD references... badboys

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