SlappySquirrel: How long could they get away with an in-country new rate, before they reveal it to the world? I've heard varying opinions on this, so not sure how long it is. Also they've applied T & T's (Tax’s and Tariff’s) on the borders if I remember correctly from the replay last night. If that's the case, is it possible the Citizens have the new rate in-country right now?
AlraGrossman: Correct me if I'm wrong but I don't think there is the possibility of "in country rate". If you have dinars and the rate goes up compared to some other currency, how would that benefit you unless you go to the other country to purchase something?
Now the purchasing power can change if that's what folks are talking about but 1 dinar is still worth 1 dinar "in country" and it always will from my understanding
The question I have is this: Is it possible for a country to do transactions, make purchases, or pay off debts based on a completely different rate knowing that the change is imminent?
FrostyTheSnowman: 7 months ago the AMERICAN UNIVERSITY in KURDISTAN was inaugurated.
The university has five departments consisting of Design, Media Studies, Computer Science, Management and Finance, and Politics and Public Policy.
Barzani proclaimed ... "This is a message declaring that Kurds are alive and strong in the face of enemies as they are setting up such educational facilities while the Islamic State (IS) is threatening the region."
The lava flow ... is looking good!
FrostyTheSnowman: FEBRUARY 6, 2010 (old article, yet very revealing)
BAGHDAD -- The Iraqi Central Bank is planning to redenominate the national currency in an effort to ease transactions and allow people to carry less paper money, RFE/RL's Radio Free Iraq (RFI) reports.
Mudhhir Muhammad Salih, a member of a Central Bank advisory panel, told RFI that a plan has been made to remove three zeros from the currency and phase out the current banknotes late this year.
Salih said by the end of 2010 the new banknotes will be fully introduced while the old banknotes will be gradually removed from circulation. He did not specify when the new notes would be issued.
Both will be legal tender in Iraq until the old notes are completely withdrawn.
Iraqi officials have had a long-running plan to redenominate the Iraqi dinar. In 2006, the Finance Ministry recommended to the Central Bank that it carry out such a plan.
Salih pointed out that banks are having a hard time accepting cash savings and deposits, but by dropping the zeros it will make it easier for both the banks to deal with their customers and for the general public to carry money. He said some 80 percent of Iraq's money supply is cash in circulation.
Salih added that in 1990 the value of banknotes in circulation was about 25 billion Iraqi dinars but is currently some 25 trillion dinars.
Economic analyst Hilal al-Tahhan told RFI that the bank's move is overdue. He said he expects the currency change to go smoothly because of the decision to allow both the old and new banknotes to coexist, leading to less turbulence in the economy.
The current exchange rate is 1,167 Iraqi dinars to the U.S. dollar.
ADMINBILL: International activation began today. Tested in Asia until now. Totally in sync with Swift transactions making it international between ALL countries today.
SunnysPlace: LOOKS LIKE THIS IS THE BEGIN....OF THE ....BEGINING!!!!!!!THANKS ADMIN
Roush: Currency and the Collapse of the Roman Empire BY JEFF DESJARDINSFEBRUARY 18, 2016
"Pain #'s OFF THE CHARTS" - Guest Post by K
Entry Submitted by K at 6:19 AM EDT on October 11, 2016
Pain is expressed in pain! It has become practice to measure pain by numbers. The triage nurse asks, "on a scale of 1 to 10 describe your pain."
By observation, the pain level of many in Dinarland must be OFF the charts. How long can a human being "bite the bullet"?
As A mother, I have experienced a soul splitting degree of emotional pain as one of my own rebelled and denied my affection. In hind sight, I remember handling the long term event the best I way I thought was appropriate. I had not caused the child physical pain, but my words, that were meant to get my daughters attention, cause a painful amputation and life long distance into our relationship. Time heals, breaks down a few walls but the rubble and scars of any disastrous event can remain eternal reference points.
One person's statement can become catastrophic to one or to man, just as the pointed, critical or demeaning comments of many can topple the strongest leader or implode the most bonded community. Our words speak beyond the black and white page; they can pierce, or they can heal.
Not totally separate from the RV, it is imperative to realize that "people called to bless" understand that blessing begins from the heart.
In order to be a blessing, the heart must be called upon before "all" communication. If the heart is damaged, then it must be healed. In a healed condition, our words can become effective weapons for peace as well as a healing ointment. Our responsibility lies in what we need to do to assure that the purpose of our words are for blessing. K