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Delete Three Zeros = Redenomination
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Delete Three Zeros = Redenomination
Mahma Khalil Member of the Iraqi Parliament and official spokesperson of the Economic Committee says an agreement has been reached about the mechanisms of introducing the new banknotes after a series of meetings and discussions with the CBI Governor Dr. Sinan Al Shibibi.
He added the exchange rate between the new banknotes and the old ones would be 1:1,000
yes Dr. Sinan Al Shibibi is not the gov of the cbi anymore but Abdul Basit Turki Saeed is
his take on the dinar is to Redenominate aka delete three zeros on the iraqi currency link here http://goo.gl/B8VBsH
Governor of the Central Bank Abdul Basit Turki Saeed said the deletion of zeros is a necessary and useful step to restructure the currency and the economy," noting that "the relevant committees in parliament, called for the need to wait in the project, in order to provide the right conditions and time.
2010 Document - Special Inspector General for Iraq Reconstruction to The United States Congress
Dinar Redenomination
The CBI has announced that it intends to implement a long-planned Redenomination of the Iraqi dinar by eliminating three zeros from the nominal value of banknotes.This process is meant to ease commercial
transactions by reducing errors and confusion that hyper-inflated currencies often cause. Now that Iraq’s inflation rate has achieved a level of stability, the move could serve to bolster confidence in the
country’s currency.
If you need to know what deleting of the three zeros means look no more i have it all right here.
http://goo.gl/0cgfpl
http://goo.gl/IotREJ
if you go to each link you will see what all the exchange rate from old to new is 1000 to 1 new looks familiar ? Iraqi Dinar http://goo.gl/d9CeSH
Venezuela - http://goo.gl/bhNxtF
Indonesia - http://goo.gl/RFyUFb
Mexican peso - http://goo.gl/PzwPlf
bulgaria lev - http://goo.gl/MdyD8V
Russian ruble - http://goo.gl/8N1tva
Israel shekels - http://goo.gl/oNsF16
Paraguay guarani - http://goo.gl/AvsKKg
Brazil Real - http://goo.gl/Tsi2ur
Colombia peso - http://goo.gl/X59Q6I
Zambia - http://goo.gl/2SHK52
Afghanistan - http://goo.gl/m8kXn4
here's just a few examples
He added the exchange rate between the new banknotes and the old ones would be 1:1,000
yes Dr. Sinan Al Shibibi is not the gov of the cbi anymore but Abdul Basit Turki Saeed is
his take on the dinar is to Redenominate aka delete three zeros on the iraqi currency link here http://goo.gl/B8VBsH
Governor of the Central Bank Abdul Basit Turki Saeed said the deletion of zeros is a necessary and useful step to restructure the currency and the economy," noting that "the relevant committees in parliament, called for the need to wait in the project, in order to provide the right conditions and time.
2010 Document - Special Inspector General for Iraq Reconstruction to The United States Congress
Dinar Redenomination
The CBI has announced that it intends to implement a long-planned Redenomination of the Iraqi dinar by eliminating three zeros from the nominal value of banknotes.This process is meant to ease commercial
transactions by reducing errors and confusion that hyper-inflated currencies often cause. Now that Iraq’s inflation rate has achieved a level of stability, the move could serve to bolster confidence in the
country’s currency.
If you need to know what deleting of the three zeros means look no more i have it all right here.
http://goo.gl/0cgfpl
http://goo.gl/IotREJ
if you go to each link you will see what all the exchange rate from old to new is 1000 to 1 new looks familiar ? Iraqi Dinar http://goo.gl/d9CeSH
Venezuela - http://goo.gl/bhNxtF
Indonesia - http://goo.gl/RFyUFb
Mexican peso - http://goo.gl/PzwPlf
bulgaria lev - http://goo.gl/MdyD8V
Russian ruble - http://goo.gl/8N1tva
Israel shekels - http://goo.gl/oNsF16
Paraguay guarani - http://goo.gl/AvsKKg
Brazil Real - http://goo.gl/Tsi2ur
Colombia peso - http://goo.gl/X59Q6I
Zambia - http://goo.gl/2SHK52
Afghanistan - http://goo.gl/m8kXn4
here's just a few examples
alan_coaks_3- New Member
- Posts : 3
Join date : 2013-11-25
Re: Delete Three Zeros = Redenomination
so if true folks go on down to the local drug store and go by some ky you will need it
Jayzze- VIP Member
- Posts : 5986
Join date : 2011-06-23
Re: Delete Three Zeros = Redenomination
Well I guess TD , Relix was right. A history of LOP's so it would seem Iraq will follow suit.
Guest- Guest
Re: Delete Three Zeros = Redenomination
most people think the iraqi dinar is undervalued but its not true. the IMF said The low level and the relative stability of inflation do not suggest any significant over- or undervaluation of the Iraqi dinar.
alan_coaks_3- New Member
- Posts : 3
Join date : 2013-11-25
Re: Delete Three Zeros = Redenomination
Exactly alan ! I remember reading that in an article ! I wish I could find it to reference it here.
Ponee- Admin
- Posts : 38267
Join date : 2011-08-09
Re: Delete Three Zeros = Redenomination
page 10 http://goo.gl/ELBVeLPonee wrote:Exactly alan ! I remember reading that in an article ! I wish I could find it to reference it here.
alan_coaks_3- New Member
- Posts : 3
Join date : 2013-11-25
Re: Delete Three Zeros = Redenomination
Goooo, LOP!!!!
Oldtimer61- VIP Member
- Posts : 454
Join date : 2017-01-18
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