Thank you Tlar for sharing your thoughts and explaining your perspective on the Dinar with the Dinar Community; and also those that research and bring the news
Tlar: “Very, very few articles coming out (that) support a float”
(More Tlar comments below)
General Discussion Posts > Expert:
Delete The Zeros Supports The National Currency And Reduce Inflation In The Country
Brule: Peace Sumaisem: introducing the subject of lifting the zeros from the Iraqi currency
OCTOBER 13, 2010
Said an economic expert Sumaisem peace that talk about the lifting of the zeroes from the Iraqi currency always appear whenever there is apolitical crisis in the country and was intended to occupy public opinion.
She Sumaisem in connection with the independent press (Iba), experts of the Central Bank confirmed that there is a project to raise zeros will be put to the House of Representatives, saying the reference afterthought, but when the House of Representatives held its first session and remains open indefinitely.
She noted that the process of changing the currency to be incurred to the state treasury more money available to replace the currency in a time when next year’s budget deficit of up to $ 11 billion, according
Brule: I haven't found past comments or indications in any article as to how the Dr. feels regarding revaluation, but she most certainly does have the credentials and experience to have more than a full grip on a revaluation.
Her vitae is here:
After reading her resume, her 1:1 looks like a current, solid prognosis to me.
NCtallguy: XXX, I highly doubt you're reading this but somewhere in the "project" there will be an overnight increase in the value of the dinar. We will go to bed at one rate and the next day the rate will be higher.
Will someone with nothing better to do do the math on 1166 rising by 2% then 90 days later 1166 plus the 2% increase rising another 2% and so on, and so on til the dinar is now equaling a dollar. that would tell us just how long using kap's theory it would take.
Tlar: XXX said the following... delete the zeros is the name for a project, not a single event. If you look at that way..you will realize this is not an overnight RV or some other action..it is a process..and the goal is 1 to $1. The dinar will rise gradually over a period of 2 years or more as stated..with the end result a new currency without the zeros.
Tlar: He is correct in that delete the zeros is the name of this project. He is wrong in that it is an event and is an overnight RV at some level. He is right in that it is a process.
He missed the boat altogether thinking that the two years stated has anything at all to do with the length of time it will take the dinar to gradually appreciate to a dollar. This was not a reference to support the float.
Quite simply this was a reference to both currencies circulating for two years at the same time which tells us that the only way both currencies could circulate is for the lower denoms to have been released. To try to connect it to a float scenario to prove it supports a float is ridiculous at best.
The only way the lower denoms could be released is with an immediate increase in value high enough to warrant their release. Catch 22 XXX. How many times has the CBI told us that both currencies will circulate for two years since 2010, 15, 20?
Very, very few articles coming out support a float. More and more continue to support an immediate rate change in value which at almost any rate kills your float theory starting at 1166 as you have stated.
A good question was asked earlier by someone on this site. Why would they want to bring out a currency at less than its true value. Quite simply they would not.
Tlar Continues: So now with the government firmly behind this project and Maliki not being able to stop or threaten the project or the people at the CBI as he did when he was PM, and with the fundamentals being at least 3x's better than they were in 2008 when the strategic study said that they could support an immediate increase of 1.13 to 1, I ask again, why in the world would they want to start the currency at 1166?
I can give you 20 good reasons why they would not, starting with it could potentially damage an already fragile economy struggling to recover. tlar
mystic137: great synopsis Tlar.....and someone here also said...if they were going to start at 1166 and rise gradually.....why would they not have started this already....that would be easy to do....
what would they be waiting for if it was as simple as starting to float upwards
everything getting lined up properly (to get it right the first time) seems to suggest a singular event.... (staged rate and then float....or some version like that