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The deletion of zeros from the Iraqi currency restores its monetary value - Fahd Antar Dokhi
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The deletion of zeros from the Iraqi currency restores its monetary value - Fahd Antar Dokhi
Was Alojdrb (Bremer) head of the Iraqi destruction authority when it canceled the Iraqi currency of the former regime the end of 2003 to find a coin which reduces the presence of zeros, the fact that the Iraqi economy, the traditional inflation stages exceeded even arrived to the brink of collapse, and this procedure is one of the means at hand to address the weakness of the value of the Iraqi dinar, according to the monetary and banking law, has to be a return to basic sources which constitutes a strong factor in restoring confidence to our national currency, it is deleted three zeros from Almtadolh currency now put metal and paper dinar parts, including (5, 10, 25, 50, 100, 250 and 500 fils) .. which will bring the following benefits:
1. Ease of circulation and clarity and knowledge of monetary value easily even to foreigners and Hmaaaml Assistant to buy and handle them and trust the other hand, the lifting of monetary value against other currencies ..
2. Altfelicat paper perishable and damage, in contrast, the coin is not affected trade and the use and therefore can be manufactured again.
3. reduces the cost of printing Tabaha.az that JD (25) which will replace the 25 thousand dinars Alnaamhalmtdoualh currency is currently easier and quality will be high ..
4. strengthen the fabric and improved through the addition of the elements of the global currency that is not affected by natural factors such as water, and bear scrubs and tear resistance and decay.
5. reduce the cost of storage in banks, because we need to Qasat less and less effort and also the lower the number of employees by the more control and insurance prohibitively high.
6. easily transported over long distances and easily provide a high proportion of them safely.
7.. Strong cash currency contribute to strengthening the elements of the national economy.
8. provides speed and accuracy in trading in settling accounts. 9. gives the workers, giving them greater self-confidence.
10. is the risk of error in the calculation of its simplicity and clarity.
11. This will rebuild global confidence by banks and increases traded.
12. also provides cash to expand its value against the US dollar, the euro and the EU.
13. The printed specifications make them immune to fraud. There are a lot of countries that embarked on this procedure, including the Turkey even scrapped term million to replace the thousand, and can develop a mechanism to withdraw the old currency by subtracting the new currency with them and set a time ceiling to suspend trading Balkadimh record for a period of Omayorasth months, in light of that holds the government banks did not place them again in the Dealing even decay within the period specified ..
* Fahd Antar Dokhi member Iraqi Economists Association
https://urukpace.wor...عراقية-يعيد-له/
READ THE UPDATED TRANSLATION BELOW!
Last edited by Ponee on Sun Jan 21, 2018 4:16 pm; edited 1 time in total
Ponee- Admin
- Posts : 38267
Join date : 2011-08-09
Re: The deletion of zeros from the Iraqi currency restores its monetary value - Fahd Antar Dokhi
It looks like the translator technology has improved over the years. This is what I get today. Quite a difference...
Delete zeros from the Iraqi currency restores its monetary value - Fahd Antar Dukhi
29 May 2015
Fahad Antar Aldokhi
When the Iraqi currency abolished the former regime at the end of 2003, it was found that the Iraqi currency had reduced the presence of zeros, because the Iraqi economy exceeded the traditional inflation stages until it reached the brink of collapse. This measure is one of the means to address the weakness of the value of the Iraqi dinar, In accordance with the monetary and banking law, it is necessary to return to the main sources which constitute a strong factor in restoring confidence to our national currency, namely, the deletion of three zeroes from the current currency and the offering of the parts of the metal and paper dinar, including 5, 10, 25, 50, 100, 250 and 500 fils.
1. Ease of circulation and clarity and knowledge of monetary value easily even for foreigners, and this helps to buy and deal with the confidence of the counterpart by raising their monetary value against other currencies ..
2. Paper leaflets can be damaged and damaged. In contrast, the currency is not affected by circulation and use and therefore can be manufactured again.
3. Reduces the cost of printing. The printing of (25) dinars, which will replace the (25) thousand dinars soft currency currently stretched and easier and quality will be high ..
4. Strengthen its texture and improve it by adding the elements of the world currencies that are not affected by natural factors such as water, and bear the cracks and resistance to tear and decay.
5 - Reduce the cost of storage in banks, as we need less and fewer less effort and the fewer the number of employees when control and insurance are high.
6. Easy to transport long distance and easy to provide a high safety rate.
7.. Strong monetary currency contributes to strengthening the fundamentals of the national economy.
8. Provides speed in trading and accuracy in accounting. 9. Give employees more confidence.
10. The probability of error in calculation is simple and clear.
11. This will restore the confidence of international banks and increase circulation.
12. It also provides the maximization of its monetary value against the US dollar and the Euro.
13. The specifications of its printing make it difficult to counterfeit. There are many countries that have carried out this procedure, including Turkey, even abolished the term million to replace the thousand, and can develop the mechanism of withdrawing the old currency by putting the new currency with them and set a time limit to stop dealing with old for a record period of six months, Dealing until dissolved during the specified period ..
* Fahad Antar Al-Dukhi Member of the Iraqi Economists Association
~~~~~~~~~~~~
Delete zeros from the Iraqi currency restores its monetary value - Fahd Antar Dukhi
29 May 2015
Fahad Antar Aldokhi
When the Iraqi currency abolished the former regime at the end of 2003, it was found that the Iraqi currency had reduced the presence of zeros, because the Iraqi economy exceeded the traditional inflation stages until it reached the brink of collapse. This measure is one of the means to address the weakness of the value of the Iraqi dinar, In accordance with the monetary and banking law, it is necessary to return to the main sources which constitute a strong factor in restoring confidence to our national currency, namely, the deletion of three zeroes from the current currency and the offering of the parts of the metal and paper dinar, including 5, 10, 25, 50, 100, 250 and 500 fils.
1. Ease of circulation and clarity and knowledge of monetary value easily even for foreigners, and this helps to buy and deal with the confidence of the counterpart by raising their monetary value against other currencies ..
2. Paper leaflets can be damaged and damaged. In contrast, the currency is not affected by circulation and use and therefore can be manufactured again.
3. Reduces the cost of printing. The printing of (25) dinars, which will replace the (25) thousand dinars soft currency currently stretched and easier and quality will be high ..
4. Strengthen its texture and improve it by adding the elements of the world currencies that are not affected by natural factors such as water, and bear the cracks and resistance to tear and decay.
5 - Reduce the cost of storage in banks, as we need less and fewer less effort and the fewer the number of employees when control and insurance are high.
6. Easy to transport long distance and easy to provide a high safety rate.
7.. Strong monetary currency contributes to strengthening the fundamentals of the national economy.
8. Provides speed in trading and accuracy in accounting. 9. Give employees more confidence.
10. The probability of error in calculation is simple and clear.
11. This will restore the confidence of international banks and increase circulation.
12. It also provides the maximization of its monetary value against the US dollar and the Euro.
13. The specifications of its printing make it difficult to counterfeit. There are many countries that have carried out this procedure, including Turkey, even abolished the term million to replace the thousand, and can develop the mechanism of withdrawing the old currency by putting the new currency with them and set a time limit to stop dealing with old for a record period of six months, Dealing until dissolved during the specified period ..
* Fahad Antar Al-Dukhi Member of the Iraqi Economists Association
*****************
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RamblerNash- GURU HUNTER
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Join date : 2015-02-19
Re: The deletion of zeros from the Iraqi currency restores its monetary value - Fahd Antar Dokhi
That is VERY INTERESTING!!! It makes you wonder how many other ARTICLES have been mis-translated and changes what the gurus have been pushing and pumping, doesn't it?
Ponee- Admin
- Posts : 38267
Join date : 2011-08-09
Re: The deletion of zeros from the Iraqi currency restores its monetary value - Fahd Antar Dokhi
It sure is interesting!
Any one who has been reading these articles for awhile, know that the meaning is not always how it was meant, and the Gurus all know that!
That's how they can play their silly little games with their audience. Sam has called out Delta (Frank26) on the translations for years.
Any one who has been reading these articles for awhile, know that the meaning is not always how it was meant, and the Gurus all know that!
That's how they can play their silly little games with their audience. Sam has called out Delta (Frank26) on the translations for years.
*****************
>>>TNTBS's YouTube Channel<<<
RamblerNash- GURU HUNTER
- Posts : 24270
Join date : 2015-02-19
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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