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Established in 2006 as a Community of Reality

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Learn the benefits of removing zeros from the dinar

dizzydee
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Post by dizzydee on Fri Nov 04, 2016 11:33 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
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Stevethebrit
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Post by Stevethebrit on Mon Nov 14, 2016 2:54 pm

The more we see of these articles shows that there is a concerted effort to inform the Iraqi people of what's about to happen. Encouraging to say the least.
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merrygoround
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Post by merrygoround on Mon Nov 14, 2016 3:47 pm

This is very encouraging news.
zimi31
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Post by zimi31 on Mon Nov 14, 2016 6:18 pm

I am getting so excited....bounce   trying to keep it real!!!
Screwball
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Post by Screwball on Mon Nov 14, 2016 8:46 pm

I just love all the talk and especially when they talk about the stock market...
annieharbers
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Post by annieharbers on Mon Nov 14, 2016 9:16 pm

Thanks Dizzydee & Duck.
lonelyintexas
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Post by lonelyintexas on Mon Nov 14, 2016 9:41 pm

Another great article about dropping the zero's and this one is not like the others as it has some different language, but still great highlighted portions that come to the same conclusion. 
It's COMING.
LIT
yes
zimi31
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Post by zimi31 on Mon Nov 14, 2016 10:15 pm

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


Yes thanks to Dizzydee and my favorite Duck for the highlighting. I was excited and in a hurry and remiss in not recognizing those that are getting us the information.  bighug
Neno
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Post by Neno on Tue Nov 15, 2016 1:35 am

[You must be registered and logged in to see this link.] wrote: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?
Little birdie has said for years up in the $5.27 plus range. 306
jedi17
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Post by jedi17 on Tue Nov 15, 2016 1:41 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: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?
Little birdie has said for years up in the $5.27 plus range. 306


wow...where is my holy carp emoji?  $5.27 !!
zimi31
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Post by zimi31 on Tue Nov 15, 2016 2:56 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: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?
Little birdie has said for years up in the $5.27 plus range. 306


Wow, that's big, but could be a long way away!!! Might not be around to cash in but wouldn't hurt to throw a million or so into Will and let someone else cash it in... drunk

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