Millionday News 8/16/15 Part 1 of 2
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: WELCOME TO NEWSTIME EVERYONE
Millionday: THIS NEWS HAS SO MUCH INFO IN IT -- IT TAKES A MINUTE OR TWO TO LET IT SINK IN
Millionday: He stressed the economic expert on behalf of Jamil Antoine, Sunday, that the deletion of zeros from the Iraqi dinar will reduce the US dollar traded in the local market, noting that Matrouh this project four years ago, and deferred to notice another.
Millionday: NOTE -- THE DELETION OF THE THREE ZERO CURRENCY WAS SUPPOSED TO OCCUR 4 YEARS AGO AND IS NOW TO ANOTHER TO MOVE FORWARD -- OBVIOUSLY IN CBI
Millionday: NOTE -- I TOLD YOU SHOCKING AND THE REST -- WHOOPOW
Millionday: He said Antoine L / scales News /, that "the project to delete the zeros Matrouh four years ago and was intended to achieve the basic objectives, the requirement that there be a security and political stability, and economic order to the process is done, and the creation of the banking system fully to print the amounts.
Millionday: NOTE -- 4 YEARS AGO IT WAS TO ACCOMPLISH ALL THESE THINGS AND MORE OF COURSE
Millionday: He added that "in the era of Shabibi when he was governor of the Central Bank of this project has been delayed and lost stability and requirements factors and the ground for the implementation of this process, which is now deferred to notice another, while providing the appropriate conditions.
Millionday: NOTE -- SHABIBI WAS SUPPOSED TO MOVE FORWARD WITH IT BUT WAS UNABLE TO HOLD THE PROPER POSITION TO ACTIVATE -- NOW ANOTHER IS GOING TO DO IT
Millionday: DUE TO >>>>>>APPROPRIATE CONDITIONS ---WHOOPOW
Millionday: NOTE -- >>THE PROJECT >>.He pointed out that "This project will reduce the use of the dollar in the domestic market, and disposing of damaged currency, as well as to reduce the large numbers that are trading mathematically, and reduce the pressure on the Trustees of the Fund, and there are a lot of benefits from the deletion of zeros.
Millionday: NOTE -- THERE ARE ALOT OF BENEFITS --- ONE THAT STICKS OUT >>>THE DOLLAR WILL NOT BE AS VALUABLE
Millionday: NOTE --- NOW HOLD YOUR HAT AND GET YOUR MATH HAT ON --- SMILE
Millionday: HERE IT COMES
Millionday: HOLD YOUR HAT
Millionday: He explained that "the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75, this process will give the larger size of the local currency and reduce the use of the dollar in the domestic market.
Millionday: NOTE --- 25 DINARS WILL EQUAL 75$ AND WILL MAKE THE DINAR VALUABLE
Millionday: Antoine said that "the Iraqi people tend to use cash flow does not deal with modern facilities visas and Kart and instruments, and began this means Athjm role.
bobbi217: lol, is that a $3 rate?
Millionday: ACCORDING TO THIS IT IS SAYING 25K WILL BRING 75$ WITH THE EXCHANGE
Millionday: NO GUARANTEES
Millionday: IT IS NOT A PROMISE JUST A REPORT
wmawhite: Today, the Iraqis think of the 25K as $22.00......this is saying that once the delete the zeros happens the $22.00 will be as $75.00
Millionday: YOU HAVE TO KNOW THAT THIS IS TO THE CITIZENS IN IRAQ
paul-o: MD ACCORDING TO THIS IT IS SAYING 25K WILL BRING 75$ WITH THE EXCHANGE. MD, WHO is the person saying this??
Millionday: economic expert on behalf of Jamil Antoine,
Millionday: THIS IS TO THE CITIZENS AND SHOWING THEM THE VALUE OF THE BUYING VALUE THAT WILL COME FROM THE REMOVAL OF THE THREE ZEROS –
THIS IS A HUGE RISE IN IRAQ BUT IS NOT THE RELEASED INTERNATIONAL VALUE OF THE EXCHANGE RATE –
IT IS AN EXPLANATION OF THE BUYING POWER OF THEIR DINAR IN COUNTRY AND IS HUGE AND GREAT --- THIS IS GOOD NEWS BUT NOT A VALUE ON FOREX TO US OR ANYONE ELSE
Millionday: I DONT WANT YOU TO CONFUSE THE TWO
Millionday: THIS IS A HUGE LEAP IN THEIR ECONOMY AND WILL MAKE THE DINAR MUCH MORE POWERFUL BUT NOT THE MATH FOR THE EXCHANGE RATE HERE BUT THE RESULT IS THE IMPACT ON THE INTERNATIONAL RATES WHEN THEY ENTER THE MARKET ECONOMY –
THAT DETERMINES THE COST OF THE VALUABLE DINAR TO EVERYONE AND THE PRICE OF EXCHANGE ETC
ROBINREDHED: and so we care.....why?
Millionday: THIS WILL ALL GO TOGETHER ---- SO THIS IS HUGE NEWS
ROBINREDHED: ( I know its up to me to ask the tough questions)
Millionday: BECAUSE THE IMPACT OF THE REMOVAL IS ALSO THE EXCHNAGE OF ALL DINAR -- INSIDE AND OUT OF THE COUNTRY AND WILL ALSO DETERMINE THE EXCHANGE RATES TO ALL COUNTRIES
Millionday: SMILE -- THE RESULT THIS BRINGS IS EXCITING TO US
larrykn: at least if I'm reading this right the rate at least won't be 10 cents
Millionday: NO -- THIS IS IN COUNTRY AND DOES NOT SHOW THE OUT OF COUNTRY FOREX RATES
wmawhite: Folks,..this is telling the citizens that the 25K note that is currently treated as $25 in the shops will be worth $75 in the future.
wmawhite: This is very good.
Millionday: IT IS ALSO TELLING EVERYONE THAT IT WAS SUPPOSED TO OCCUR 4 YEARS AGO --- AND LET ME SAY THIS
Millionday: DOES THIS MAKE THOSE THAT HAVE CALLED IT 4 YEARS AGO RIGHT?
Millionday: DOES THIS STAND BEHIND THOSE THAT HAVE BEEN CALLED LIARS ?
Millionday: JUST A POINT --- SMILE
itsaboutjesus (IAJ): the post that MD brought up, the translation was from Google, and I saw some weird wording, so, I tried Bing, and there is the same paragraph
itsaboutjesus (IAJ): He noted that "this project will reduce the use of the dollar in the domestic market, and get rid of damaged, in addition to reducing the large numbers mathematically, traded and reduce the pressure on the Fund's Board of Trustees, and there are a lot of benefits from deleting zeros."
The largest denominations are the 25,000 dinar equal to $ 22, in the case of the deletion of zeros and converted to 25 dinars, it would be equal to $ 75, this process will give the larger local currency and reduce the use of the dollar in the domestic market ".
Antoine continued that "the Iraqi citizen tends to use cash and does not deal with the modern Visa card and instruments, these methods could devolve"
itsaboutjesus (IAJ): Just by reading it, without reading too much into it, it looks like to me 25 dinars = USD$75
Comments may be made at the end of Part 2 Thank You