Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Monday Early AM Chat 11-21-16
loop says():FOund a Deletion of the 3 Zeros Op Ed piece.
DIGIman1 says():gm loop
loop says():Raise three zeroes from the Iraqi currency's progress and evaluation
Amer al-Abadi Monday November 21.2016 It seemed Iraqi dinar value worth (7) grams of gold at the beginning of its release by Release Act in 1931, and in 1959 was issued a new law of the Iraqi national currency Iraqi monetary and banking system continued to evolve, and reached the value of the Iraqi dinar to (3.3) billion until the beginning of the war with Iran , which led to a significant breakdown in Iraqi currency in 2004 , the former Governing Council to replace the previous currency ,
which was a symbol of the former regime new are currently traded in the currency and is now dealing in the currency of the seven categories: 50, 250, 500 and 1,000 and 10,000 and 25,000 dinars. Unlike the Arab countries do not exist in Iraq about 25 years since the coins.
It was scheduled to be the project to delete the three zeroes in 2011 and did not perform and then postponed to 2013 .. then postponed to 2015 .. and now the decisions implementing the plan early in 2017 knowing that the process of deleting the zeros have occurred in several countries.
Delete the three zeroes from the Zimbabwe dollar in 2006 and Romania omitted four zeros from its currency in 2005. deleted Bolivia three zeros from its currency in 2008.
Turkey removed six zeros from its currency in 2005. Sudan delete the zeros from its currency in 2007 , has said the central bank director Mahdi Keywords saying " The central bank began the first steps of the project through the selection of designs, companies and the country that will be printed currency."
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 known dynamic in order to preserve liquidity in the market."
Justification for the replacement process
1. presence worth 30 trillion dinars cluster of large cash the number of leaves 4 billion paper
2. currently the largest category of cash is 25,000 dinars , equivalent to $ 21 almost This requires larger and effort great to settle daily transactions therefore became the amounts in excess Akiemha for the 20 million are in dollars.
3. The existence of damage to a large proportion of private small categories currency and inadmissible in circulation and make up one - third of the money supply almost
4. difficulty making the calculations under the numbers increase the number of Ocefarha 14 zero practical, technical and probability of error occurred either by adding a zero or delete it .
The benefits of the replacement process
1. security .. reduce the risks entailed in carrying large amounts.
2. fall counting the costs and Altdeghiq.ma categories were the biggest
3. The lifting of zeros will create a psychological effect among citizens through the strengthening of its currency and adopted more broadly rather than foreign currency
4. Aldenarabraghi inclusion within the global currency basket and handle it officially the world 's stock exchanges and financial markets.
5. possibility of economic agreements to deal in national currency and this will cover a very large part of the foreign remittances that are squandering of national wealth from foreign exchange.
6. will be disposed of manipulating the currency exchange market
george says():I don't understand this part: 3. Foreign shares of the Stock Exchange will be reduced to 20% on foreign investment because the thought that a change in currency will reduce profits.
Read More :http://www.dinarupdates.com/showthre...uation-Opinion
sagecanyon says():This is good!! Thank You Loop!
george says():It should increase confidence and investment correct?
DIGIman1 says():i like #3...
Doug_W says():that is dedolorizing if I have ever seen it Digi
loop says to george():It's an opinion piece so you always needs to ask yourself does this person know what they are talking about or not.
Okie Dinar says to Doug_W():GM!
Okie Dinar says to DIGIman1():Good Morning :)
DIGIman1 says():lots of noise on the auctions too....
DIGIman1 says to Okie Dinar():good morning :)
Okie Dinar says to loop():Good Morning and thank you!
george says():Thanks Loop. I saw your notes at the bottom of the piece, but never sure how influencial the person is. WE know they put a lot of stock in their economist views and I am unsure if this person has similar weight.
Doug_W says to george():one morning we will wake up and it will have happened George :) till then we wait!
Doug_W says():GM Kountry
loop says to george():I tend to get more excited then one of the major players are talking. I would imagine that when the project was created by the 3 Amigos that they factored in things like the impact to stockes. But who knows.
loop says to george():When one..
george says():Good point
loop says to george():Of course that is just my OPINION.
Elane says():The stability of the dollar exchange rate in local markets
economy Since 21.11.2016 at 12:28 (Baghdad time) Baghdad balances News
Recorded foreign currency markets in Iraq, on Monday morning, a stable dollar exchange rate against the Iraqi dinar.
Buying and selling prices of the dollar and has been in banking companies with closing stocks struggle in Baghdad today to consider a public holiday on the occasion of the visit Arbain:
The sale price of US $ = 130.500 dinars, ie 130 thousand and 500 dinars for one hundred dollars.
The purchase price of US $ = 129.500 dinars, ie 129 thousand and 500 dinars to the dollar.
Flynn says():Hutch I have a interesting question. Does anyone know how many people have dinar and what the average amount is? will this help our national debt?
DIGIman1 says to Flynn():i have heard there are about 800k that hold dinar with the average being under 1M
baxter says():Digi... really? thats all... under a million?
DIGIman1 says to baxter():yup.....not including those overseas....thats just US and Canada....
DIGIman1 says to baxter():we are not that plentiful....certainly not enough to cause lineups at banks...
baxter says():Watch these sites for years... and have less than a million... wow..
jetset says to Flynn():i've heard 3million people... no idea how much... i would agree that under 1million is probably likely
jetset says to Flynn():1million dinar that is