Hecatesol : Rayren said about 2 est, that iraq was doing deletion of the zeros! They have to change their currency if they are doing that We were very excited!
OKRocks: .GM all I give thanks for what we are about to receive
OKRocks: its the way it came > DELTA: FRANKIE . .JUST IN FROM IRAQI TV : CBI BEGINS THE PROCESS of deleting zeros . CODE RED ..BROTHER .
OKRocks: "Code Red" = "Highest Level 'Situation Alert".....
OKRocks: Frank26: you cannot implement the project of lifting the value of your currency by lifting the 000’s of the IQD without increasing the value first...
Lvrofrdsox68 : It sounds like things are definitely moving in the right direction woohoo go rv
Mangelo: if they delete the zeros then they would have a new rate
RayRen98: IF ZERO'S GET DELETED A 25 DINAR NOTE CAN'T BUY THE SAME AS A 25,000 NOTE WITHOUT A PRICE CHANGE IN GOODS OR A VALUE CHANGE IN CURRENCY.....RIGHT???
Gar2441: How does the deleting of the zeros by Iraq affect the currency that I hold in my position?
MoEagle: Today... a 25,000 dinar might buy you a dozen hamburgers in Iraqi. Assume the RV comes in at $2 US dollars... then a 10,000 dinar note would be worth $20,000 US$$ ...... how could you spend 20,000 to buy hamburges and expect change....
When the IQD RVs... the existing notes are too BIG for every day use. Thus, the lower demons are needed to do daily business and the so called 3 zero notes can not be used on the street in every day use due their value... unless you want to buy thousands of hamburgers at one time.
When the lower denoms come out.... these big notes are no longer needed and therefore the saying DROPPING THE THREE ZEROs..
JJBeck: I believe that has to do only within the country of Iraq.
CountryGal: What still makes sense to me is the deleting the zeros..means in country only..and it is not droping the zeros from the notes but deleting the 3 zero notes from curculation and the process has begun now by asking citizens to exchange them and that this was expected to be competed by 2017 ...just my understanding of the process
Some Highlights from “The Big Call” Thursday Night 11-10-16 Bruce and Tank:
Full notes Here : http://www.dinarrecaps.com/our-blog/the-big-call-with-bruce-thursday-november-10-2016-intel-onlytranscribed-by-pinkroses
1. Yesterday in Iraq lower denominations of the Dinar in the tune of 38 trillion dollars went out to Iraqi banks all over the country. Again this morning 98 trillion dollars of the lower denominations were distributed.
2. In conjunction with release of the lower denominations Iraqi Smart Cards (paid government pensions, salaries) were filled today.
3. According to international law once the lower denominations of the Iraqi Dinar were distributed, the rest of the world has to RV within 24 hours
4. Bond offerings also completed today. They were sold to other countries.
5. Fireworks from China arrived in Iraq for a firework display in conjunction with celebrations that should happen tonight or tomorrow.
6. The Dinar international rate should go up.
7. The other currencies should hold their value. The rates are extremely good.
8. Dong Sovereign rate went up another couple of dollars yesterday.
9. Zim is very high because is tied in with a bond.
10. Zim holders will be asked to exchange early.
11. For the Sovereign rates Zim holders will be required to put most of their proceeds toward Humanitarian Projects, employment opportunities, infrastructure and inner city projects. That is going to take a lot of money, so the higher rates will be needed. Don't be afraid to ask for them.
12. Platform trades are paying out, or are about to pay out.
13. We should be ready to go soon for a shotgun start. The next step is the dissemination of the 800#s.
Don961: Today is 11/11
Don961: (On Alsumeria TV) ……Last 4 scrolling headlines from alsumeria TV , were there right after DELTA's announcement ..... but are now gone ... Do like the last one "US Embassy says Iraqi dinar is not a fraud " ..
BACKDOC: VERY ACCURATE! ADMISSION OF THE PROCESS IS HUGE! VETERANS DAY IS SO APPROPRIATE! THANKS TO ALL THE VETS AND ESPECIALLY THOSE WHO GAVE THEIR LIVES FOR IRAQS FREEDOM! 11/11 is a powerful date DOC IMO
RE: Late Thursday Night: DELTA: FRANKIE . .JUST IN FROM IRAQI TV : CBI BEGINS THE PROCESS of deleting zeros . CODE RED ..BROTHER . DELTA FROM My Cell .
MoneyTalks1: THis is very good news. IMO, this news just confirms what Frank said this evening that the CBI has almost "begged" the citizens of Iraq to bring in their 'buried' money..basically meaning lowering the note count or "deleting' the three zeros . But before they can send out the LD's, they have to raise the value. it all goes hand in hand. The big question is how long will it take the get the "desired' amount from the citizens that the CBI wants before they can raise the value.
StephenMac63: If I was cbi and wanted to get the unburied dinars returned to the banks...."You have 30 days to bring in your three zero notes, after that you can keep them as collectables. When you bring them in you will receive a card for your new account you just opened up. Oh, you would like some walking cash, sure, here are some lower denoms."
Samson: Basra: the theft of 116 kg of gold armed robbery
A security source said the exposure of three shops in the gold market Hussein neighborhood in central Basra area to an armed robbery and theft of the contents of those stores up their entirety to about 116 kg of gold jewelery and ornaments.
A security source said that "18 armed unidentified carrying Kalashnikov rifles and wearing military uniforms have robbed these shops after they detained the guards who are close to these stores in the market and numbering five and handcuffed."
He added that "armed attackers were able to seize 70 kg of gold from the first shop in stole about 40 kg of the second shop also seized 6 kg of the third shop. "
the source pointed out that" the competent organs, reached the scene and opened an investigation into the incident and started to take the necessary measures.
FrostyTheSnowman: Good morning WalkingStick ...
That's got TA-DA written all over it, doesn't it?
Walkingstick: Citizens are preparing "Alkashih" more assured their savings
Pushed the robbery he suffered a home (Abu Adel) two years ago to think in a new way to save his money and his savings away from theeyes of thieves, buried under Alard.mn his part , the central bank confirmed the receipt of large amounts of money buried.
Abu Adel mention in his speech (term ) that " an armed group broke into my house and stole about six million dinars and jewelry gold my wife, and the Baanjazna my wife and I in a room at home to be able to that gang to find the money and gold stolen, noting that, security and economic situation in the country is not safe and put the rest of the money in a secret location bottom of the wheel so as not to steal again, and that its neighbors have turned their money into dollars, some of them buried in the garden , " the
central bank said in a press statement on Wednesday, he said he" noted the increasing incidence of the audience to revisit replace buried currency amounts very large , "noting that" this process is a negative indicator of the lack of interest in the national currency. " the
bank , " he said the national currency was buried lead to damage deliberately national currency and holds additional Colva, "adding that" currency is a symbol of national sovereignty symbols " .
he called the bank "citizens ' interest in the national currency and not to bury it in the ground and go back to keep them at the government and private banks , " calling on them to " the acquisition of government bonds alternative to hoarding as a means of saving."
Director General of the banking and credit Ihsan al - Yassiri said in his speech (long) "We understand that people if they were reassured by both banks were deposited their money in" following up on that , "but some banks and not all of them let down their customers and there was abuse recovery of funds deposited them making citizens lose confidence in banks , " Mstrsla " The security situation requires the removal of money from the eyes of thieves than forced citizens to bury them sometimes , "
said Yasiri" bury money underground have no technical means to protect and moisture seeping banknote which leads to damage , "noting that" banknotes which replace the public is difficult to be stored with the rest of the papers, because most of them are rotten and the process of printing money is the process costly for the central bank , "
Abizaid banking director and credit , saying that" binding replacing currency bank that was damaged, because this symbol of the national symbols of sovereignty , "adding that" the start of a major campaign to raise public awareness of the need to maintain the national currency of the damage and must to Ancdja negative phenomena, and banking work civilized played by civilized nations , "
said Yassiri that" should the public directed to avoid banknotes buried and the possibility of deposit with thebanking system to keep them , "noting that" the citizen who does not want to be deposited in banks can save it in another, through government bonds benefits ranging from 8-10% , which is sovereign bonds guaranteed by the government , "
economic expert on behalf of Anton said in his speech (term) that" the Iraqi citizen Avadath, traditions and culture does not believe only in cash and distrust that deposit their money in banks , "following up" was better for the central bank to prevent this bonds into cash and pays the bank benefits for citizens instead of borrow government from the outside or from the inside , "adding that" the central bank demanded in previous incidents of citizens to buy treasury bonds to rescue financial and monetary country 's situation, but in return must be submitted temptations to submit citizen to replace his money these bonds "noting that" the goal is to shift savings from Aktnazih to investment savings , and there are many ways, including the pricing of interest at at least 10% and to give guarantees to the citizen to retrieve his money whenever he wants and so both parties benefit , "
said Anton that" there must be a media campaign to restore confidence between the citizen 's banking system that corrupted part of it for the purpose of the return of cash to trading rather than stay cache "
Professor Department of banking and Finance in the whole of management and Economics Maitham Laibi between in his speech (range) that the position of buried money (under Alkashih) as is customary for Aaakhlu of novelty that true, saying that " the true subject it reflects two facts Mamutain, first that there is a lack oftrust in the banking system, and lack of faith in the role of banks to protect depositors ' money and not theconviction that interest rates could be attractive" Mstrsla that " on the other hand there is a lack of confidence in the development of that money in the "contour", which is associated as it sounds cases of thefts suffered by individuals and armed robberies on the houses , "
he added Laibi" the currency is a symbol of the national symbols of sovereignty and the power of legal tender for issuance under the law, which is sometimes approaching science symbolic, therefore, the preservation of the damage is inevitable otherwise individuals bear sanctions, especially if it 's in large quantities deliberately "
and founded the CBI independent bank under the law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies are being daily buying and selling currencies sessions. LINK