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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


+17
wayoutnow
havacupa
dizzydee
fonz1951
GWT54
wciappetta
duck2000
costar01
lglwzrd
weslin3
franny
country70girl
Neno
Screwball
onecinful1
noced71
Rocky
21 posters

    Delete the three zeros project success depends on the stability of the dinar exchange rate

    Rocky
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    Delete the three zeros project success depends on the stability of the dinar exchange rate - Page 2 Empty Delete the three zeros project success depends on the stability of the dinar exchange rate

    Post by Rocky Mon 06 May 2013, 12:55 pm

    First topic message reminder :

    Delete the three zeros project success depends on the stability of the dinar exchange rate





    Monday-6 May 2013 No. 313

    Delete the three zeros project success depends on the stability of the dinar exchange rate
    Baghdad-my day
    The economic information center said Muhammad Ali Dergham, the successful implementation of the project to delete three zeros from the local currency depends on the stability of the dinar against the dollar and educating citizens and giving them long enough to replace the currency. He said: the economic reality of the last year before it was ready to receive the decision to delete zeros through market can absorb impacts due to high stability which was dominated by the dinar against the dollar. He continued: while the market became more sensitive and more has changed than it is to wonder about the reasons for the postponement but subtract this resolution, but that its implementation is still possible in the event of a positive education and give sufficient time for replacement and substitution of two years as scheduled is zero, currency, currency trading zeros deleted. He added that the Central Bank is required to confirm a value between the two currencies and the gradual replacement of the new currency in transactions and wadargha replace with strict controls and high control to prevent money laundering, and strictly control the damage to the old currency operations which allow the smoothly switching and security. and stressed that the Central Bank focuses on tools for restore rates of exchange of the dinar to target levels, for the successful implementation of the project.

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    weslin3
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    Post by weslin3 Wed 08 May 2013, 6:36 pm

    lol!
    lglwzrd
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    Post by lglwzrd Wed 08 May 2013, 7:03 pm

    right now it is unknown by us if it is a lop or a revalue. it is all a guess and a gamble....but like so many of us that have been hanging on for years-we all hope for a rv.
    costar01
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    Post by costar01 Thu 09 May 2013, 7:40 am

    Isn't the current rate @ 1 US Dollar equal about .00083 Dinar? If they delete there zeros would that be about 1 USD to .83 dinars? Could this be what they are Realy talking about?
    weslin3
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    Post by weslin3 Thu 09 May 2013, 12:33 pm

    Could be?
    lglwzrd
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    Post by lglwzrd Thu 09 May 2013, 1:45 pm

    the question is if they remove the 0's from the rate or the currency-rv vs lop.
    duck2000
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    Post by duck2000 Thu 09 May 2013, 2:09 pm

    lglwzrd wrote:right now it is unknown by us if it is a lop or a revalue. it is all a guess and a gamble....but like so many of us that have been hanging on for years-we all hope for a rv.
    unknow only to you the cbi has said it will return to the former rate ! dats 3$
    wciappetta
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    Post by wciappetta Thu 09 May 2013, 4:28 pm

    That's true and when he said he also added we are endeavouring and serious in this regard, but added that the process is not easy and simple and depends on the supply and demand of Iraqi dinars. Supply and demand are are measures of economic activity in this case an expanding economy placing demand for the currency add a little help from the Fed and supply will vanish nearly overnight ... A lop cares not for supply or demand and is not stabilizing, yet easy enough... Ask Chavez...


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    Post by Neno Thu 09 May 2013, 7:35 pm

    duck2000 wrote:unknow only to you the cbi has said it will return to the former rate ! dats 3$
    But duck, this below doesn't add up to that former rate unless, it is figured wrong?... ;)
    onecinful1 wrote:$25,000 & $25 equal in value etc, thus decreasing the 31 trillion into 27 billion,

    1,000,000.00
    dinar = $860.00, deleting 3 zeros changing 1 million into 1 thousand
    both will = $860.00,don't forget the CBI plan to make 1000 dinars = 1
    USD, deleting 3 zero's making a 1:1 ratio, or a profit of $140.00 per
    million

    lets not forget the plan to come back at pre-sanction value of 3+ turning 1000 into 3000 + increasibg your profit by 3 x's

    revalue at $3.55 = 3550.00 - $860.00 initial investment = $2490 profit per million
    GWT54
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    Post by GWT54 Thu 09 May 2013, 8:01 pm

    Neno wrote:But duck, this below doesn't add up to that former rate unless, it is figured wrong?... ;)
    Then how does that actually increase the value of the Dinar enough to even be close to what it was in the 80's? I guess they changed something along the way that I don't understand.scratch
    onecinful1
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    Post by onecinful1 Thu 09 May 2013, 8:19 pm

    Economics 101:

    Suppy and Demand: remember 31 trillion dinars in circlation and the CBI's goal to decrease the money supply to around 27 Billion

    Supply is the measure of how much of a particular commodity is available at any one time. The value of a commodity--a currency in this case--is directly linked to its supply. As the supply of a currency increases, the currency becomes less valuable. Conversely, as the supply of a currency decreases, the currency becomes more valuable.

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    A basic economic principle of supply shows that the value of a currency will change as the levels of supply rise and fall. A larger supply of a currency will diminish its value and price. A lower supply of a currency will increase its value and price. While the supply side is important, look to the demand factor as the primary moving force behind a currency’s value and price.

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    Some Dazzle investors with Brillance and links for the investor to use, others baffle investors with BS!!!!! can you tell the difference????? lol

    decreasing the supply of IDQ will instantly raise the value. think the CBI knows what their doing??? Economics 101!!!!

    never forget that the CBI had 26 Billion dinars in circlation and the value was $3.22 in the 1980's,, see the CBI's goal, they will be back to pre-sanction value as stated by both the CBI and FM

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