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Learn the benefits of removing zeros from the dinar

dizzydee
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Post by dizzydee on Fri 04 Nov 2016, 6:33 pm

First topic message reminder :

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Central Bank: the deletion of zeros in early 2017

Benefits:

1.adraj Iraqi dinar within the global currency basket and handle it officially the world's stock exchanges and financial markets.

2.amkanah held economic agreements to handle the national currency as Iraq could hold Order dinars instead of dollars when the contract to build two production lines deals or agreements Stirad goods deals that cover a very large part of the foreign remittances that are squandering of national wealth from foreign exchange.

3.illt trading allows dealing in Iraqi dinar in the Iraqi market and not rely on foreign and squandered currencies and Bosrtha transfer abroad by the private and public sector, which is the sovereign wealth dissipated to the outside on a small, non-essential positions and luxury in Iraq at the time need this wealth of storage as a reserve.

4.seetm rid of manipulating the currency exchange market and completed the so-called auction sell the currency, "" burning oven dollar. ""

5.satoagaf work corrupt suspicious of banks and their agents and Smaserthm "" contractor and investor cartoons "

6.seetm capping the highest amounts transferred abroad of currency the dollar, euro, yen and sterling and the yuan's exchange-active to ensure that no other smuggling the vast majority of trades of currency smuggling.
And the Iraqi Central Bank Governor said the project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project.

And he said: "The purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency", returned him as "this strategic project will serve the country's economy if it will be inclusion of the Iraqi dinar in the global basket of currencies in the vital world exchanges."

He added that "the Bank is working on mechanisms for the implementation of this project is expected to start at the beginning of 2017," noting that "the central bank began the first steps of the project through the selection of designs, companies and the country in which the currency will be printed."


He pointed out that "the new currency entry does not mean the destruction of ancient coins, but will continue to trade for about ten years," pointing out that "this period will enable the central bank to withdraw the old currency in accordance with the dynamics and mechanics in order to preserve liquidity in the market."

duck
fonz1951
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Post by fonz1951 on Mon 07 Nov 2016, 9:04 am

[You must be registered and logged in to see this link.] wrote:This been said for years, Catch Up FONZ!


ok,ok, i'm caught up. thanks neno. hi
ahill
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Post by ahill on Mon 07 Nov 2016, 3:38 pm

Thanks Neno,

I needed a 'class update' too but I think I'm way too behind the rest of you in
really figuring this out. scratch

When the time comes I'm sure there's lots of information from the Banks.
I know they will want to get their percent.

Keep the good news coming.

A
Pig-Pen
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Post by Pig-Pen on Mon 07 Nov 2016, 3:57 pm

The part of the last paragraph that I was thrilled over was it was in essence confirming.....
                   "NOOOOO LOP!!!!"
YOU AND ME AND WE'S ARE GONNA BE RICH........JUST SAYING
notazbad2000
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Post by notazbad2000 on Mon 07 Nov 2016, 4:35 pm

I think the question for those looking to possibly save dinar for the GCC move is...what will be the possible rate at that time?


_________________
TAZ

The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy.
Martin Luther King Jr., Strength to Love, 1963

Neno
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Post by Neno on Mon 07 Nov 2016, 4:41 pm

[You must be registered and logged in to see this link.] wrote:The part of the last paragraph that I was thrilled over was it was in essence confirming.....
                   "NOOOOO LOP!!!!"
YOU AND ME AND WE'S ARE GONNA BE RICH........JUST SAYING
Oh.....Ok!

I just been past that a few years.  hippie
Neno
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Post by Neno on Mon 07 Nov 2016, 5:04 pm

[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:I need to take the same class fonz to get caught up also. lol That went right over my head.  ok
lol...ok lets break it down what I think Pig-Pen meant before I get another negative red line...lol

I assumed Pig Pen liked the 10 year trade comment in the article quote so I said "I hear you". In reality that doesn't you or I any good cause your all going to cash in as fast as you can. Tell me I am wrong, and if you are that is perfectly fine.

The 10 years IMHO is for the Country as it said so like the US Treasury will hold ( but will continue to trade for about ten years , " pointing out that "this period will enable the central bank to withdraw the old currency in accordance with the dynamics and mechanics in order to preserve liquidity in the market." ) cause your dinars are going there. Now, if your holding out for the 2nd RV that is speculated when the GCC common currency comes on board, then yes you got an additional 10 years to hold out as the quoted piece states but, it all goes to the US Treasury too from us.

 Ok Class over... laugh
i have taught you well grass hopper..
Yes Sir! I don't know what you mean by Grasshopper but it is pretty easy to read and see it when your shown what to look for.

BTW, All my summer years in LA grasshoppers weren't good for anything but bait....? Evil or Very Mad
duck2000
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Post by duck2000 on Mon 07 Nov 2016, 6:26 pm

[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:I need to take the same class fonz to get caught up also. lol That went right over my head.  ok
lol...ok lets break it down what I think Pig-Pen meant before I get another negative red line...lol

I assumed Pig Pen liked the 10 year trade comment in the article quote so I said "I hear you". In reality that doesn't you or I any good cause your all going to cash in as fast as you can. Tell me I am wrong, and if you are that is perfectly fine.

The 10 years IMHO is for the Country as it said so like the US Treasury will hold ( but will continue to trade for about ten years , " pointing out that "this period will enable the central bank to withdraw the old currency in accordance with the dynamics and mechanics in order to preserve liquidity in the market." ) cause your dinars are going there. Now, if your holding out for the 2nd RV that is speculated when the GCC common currency comes on board, then yes you got an additional 10 years to hold out as the quoted piece states but, it all goes to the US Treasury too from us.

 Ok Class over... laugh
i have taught you well grass hopper..
Yes Sir! I don't know what you mean by Grasshopper but it is pretty easy to read and see it when your shown what to look for.

BTW, All my summer years in LA grasshoppers weren't good for anything but bait....? Evil or Very Mad
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Neno
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Post by Neno on Mon 07 Nov 2016, 6:36 pm

Well then, that is to cool, hope the Lord says that about me one day.
Lot better if we fly in the flying car together than a padded cell... laugh
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Post by Ronbo on Mon 07 Nov 2016, 7:30 pm

[You must be registered and logged in to see this link.] wrote:The part of the last paragraph that I was thrilled over was it was in essence confirming.....
                   "NOOOOO LOP!!!!"
YOU AND ME AND WE'S ARE GONNA BE RICH........JUST SAYING
 

306
duck2000
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Post by duck2000 on Mon 14 Nov 2016, 8:19 am

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[You must be registered and logged in to see this link.]  16/11/12 [You must be registered and logged in to see this link.]

 

 
The reasons for deleting three zeros from the Iraqi dinar and what it means to delete the three zeroes from the Iraqi currency, the fact deleting three zeros from the Iraqi dinar, the official source at the Central Bank of Iraq, said that the beginning of the beginning of 2017, will the central Bey Iraqi deleting three zeros from the currency of Iraq, Finance Committee also announced in parliament that the central bank will start at the beginning of 2017 by deleting three zeros from the local currency, in other words, that the unity of the coin in 1000 dinars from the old currency will be replaced by only one denarius of the new currency, and so on.

Start procedures to delete three zeros from the currency in 2017


Going on in the minds of many Iraqis that the important question of whether to raise (the zeros from the Iraqi dinar) harm or benefit? Thus why do not we raise the zeros, the official source in the Iraqi Central Bank stressed that the purpose of deleting three zeros from the currency of Iraq is to lift the economy and prosperity to raise support for the dinar, which will be a key reason for the return of Iraq's economy again in January 2017, the step by Iraq intended to reform the local currency system based on the use of the currency too high denominations, which leads to difficulties in handling and in private transactions accounts, as well as higher prices resulting from the use of monetary units higher categories, which leads to a decline in the currency and declining purchasing power exchange rate the dinar in a big way.

CBI decision to remove three zeros from the Iraqi dinar


Iraqi Central Bank chairman said that the deletion of three zeros from the Iraqi dinar will help in flourishing once again the Iraqi economy and the return of the Iraqi currency traded in international stock markets, the deletion of zeros restore Iraqi currency mind in periods of monetary turmoil and declining public revenues of the state at a time when the expenses increase, resort states often to print more of the local currency, leading to price hikes and the occurrence of high inflation, the need to cross categories with high currencies such as the one thousand and one million one hundred thousand ... etc., and with every raise in the denomination as the economy enters the furnace of inflation.

[size=30]Why delete the three zeroes from the Iraqi dinar[/size]


The aim of deleting three zeros from the currency of Iraq is one of the means to control the high inflation is monetary reform, coupled with a change in monetary policy by the old currency high Pfiadtha replacement of a new currency with lower categories so prices tend to decline, but does he have on inflation? The answer is no, because the elimination of inflation is required to follow state moderate monetary policy, an official at the Central Bank of Iraq and stressed that the Iraqi dinar will be the vital currency in global stock markets and the central bank is currently discussing the principles of starting the project and its laws on the beginning of the project of the year 2017 and stressed that the new currency will not have a significant impact on the major currencies, but will raise the Iraqi economy.
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