Established in 2006 as a Community of Reality

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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


3 posters

    What does it mean to delete Iraq 3 zeros from the Iraqi dinar?

    day dreamer
    day dreamer
    day dreamer
    Interacting Investor
    Interacting Investor


    Posts : 3197
    Join date : 2012-12-19
    • Post n°1

    What does it mean to delete Iraq 3 zeros from the Iraqi dinar? Empty What does it mean to delete Iraq 3 zeros from the Iraqi dinar?

    Post by day dreamer Tue 16 Apr 2013, 11:15 pm

    What does it mean to delete Iraq 3 zeros from the Iraqi dinar?



    17-04-2013 |
    (Voice of Iraq) -
    Mohamed Ibrahim Saka
    According to "CNN" declared the Finance Committee in the Iraqi
    parliament that the central bank will begin in the current year by deleting
    three zeros from the local currency, in other words, that the unit of currency
    category thousand dinars from the old currency will be replaced dinar and only
    one of the new currency, and so on.
    Step that older by
    Iraq intended to reform the system of the local currency, which is based on the
    use of currency denominations are too high, which leads to difficulties in
    dealing in special accounts transactions, as well as higher prices resulting
    from the use of monetary units categories high, which leads to a decline in the
    rate Exchange rates and lower purchasing power of the dinar in a big
    way.
    In periods of turmoil cash and declining
    public revenues of the state at a time increases the expenditures, resort
    States often to print more local currency, leading to higher prices and a high
    inflation, arises the need for currencies with classes as high as one thousand
    and one hundred thousand and one million ...
    .
    Etc..
    .
    With every lift in the denomination as the
    economy enters in the midst of inflation.

    .
    One way to control high inflation is a
    monetary reform, combined with a change in monetary policy by replacing the old
    currency Pfiadtha high new currency classes even lower prices tend to
    decline. But does he have on inflation? The
    answer is no, because the elimination of inflation required to follow the state
    moderate monetary policy.

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    Proven
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    Posts : 1858
    Join date : 2012-12-21
    • Post n°2

    What does it mean to delete Iraq 3 zeros from the Iraqi dinar? Empty Re: What does it mean to delete Iraq 3 zeros from the Iraqi dinar?

    Post by Proven Wed 17 Apr 2013, 9:16 am

    Confirm...deny...confirm...deny...


    Confirm:

    According to "CNN" declared the Finance Committee in the Iraqi
    parliament that the central bank will begin in the current year by deleting
    three zeros from the local currency, in other words, that the unit of currency
    category thousand dinars from the old currency will be replaced dinar and only
    one of the new currency, and so on.

    the use of monetary units categories high, which leads to a decline in the
    rate Exchange rates and lower purchasing power of the dinar in a big
    way.

    Deny:

    One way to control high inflation is a
    monetary reform, combined with a change in monetary policy by replacing the old
    currency Pfiadtha high new currency classes even lower prices tend to
    decline. But does he have on inflation? The
    answer is no, because the elimination of inflation required to follow the state
    moderate monetary policy.

    Whoever wrote this knew what they were talking about but left out the fact that Iraq is implementing the project to expand the money supply, not shrink it. They are right in that replacing the currency does not affect inflation unless it is accompanied by a change in the exchange rate. The above calls this a "moderate monetary policy".
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    Screwball
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    Posts : 3484
    Join date : 2012-12-19
    • Post n°3

    What does it mean to delete Iraq 3 zeros from the Iraqi dinar? Empty Re: What does it mean to delete Iraq 3 zeros from the Iraqi dinar?

    Post by Screwball Wed 17 Apr 2013, 7:00 pm

    Proven wrote:Confirm...deny...confirm...deny...


    Confirm:

    According to "CNN" declared the Finance Committee in the Iraqi
    parliament that the central bank will begin in the current year by deleting
    three zeros from the local currency, in other words, that the unit of currency
    category thousand dinars from the old currency will be replaced dinar and only
    one of the new currency, and so on.

    the use of monetary units categories high, which leads to a decline in the
    rate Exchange rates and lower purchasing power of the dinar in a big
    way.

    Deny:

    One way to control high inflation is a
    monetary reform, combined with a change in monetary policy by replacing the old
    currency Pfiadtha high new currency classes even lower prices tend to
    decline. But does he have on inflation? The
    answer is no, because the elimination of inflation required to follow the state
    moderate monetary policy.

    Whoever wrote this knew what they were talking about but left out the fact that Iraq is implementing the project to expand the money supply, not shrink it. They are right in that replacing the currency does not affect inflation unless it is accompanied by a change in the exchange rate. The above calls this a "moderate monetary policy".



    nice well said!
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    • Post n°4

    What does it mean to delete Iraq 3 zeros from the Iraqi dinar? Empty Re: What does it mean to delete Iraq 3 zeros from the Iraqi dinar?

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