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 No RV??? - GDP based only over time

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CDN
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PostSubject: No RV??? - GDP based only over time   Sat Sep 03, 2011 8:13 pm

[font=Arial Black]OKIE[/font]- What do you think about this?

Bank excludes revaluation by deleting three zeros

The director of the Association of private banks Abdul Aziz Hassoun that the project to delete the three zeroes from the Iraqi currency is simply a modification of the categories of cash and is not intended to raise the Iraqi dinar exchange rate against the dollar or other currencies, pointing out that the strengthening of the currency comes from the security and stability and increasing domestic production in country.
He said Hassoun (of the Agency news) said on Saturday that the project to delete the three zeroes from the Iraqi currency intended to modify the denominations do not is not to raise the price of the Iraqi dinar exchange and support, and continued as long as there is no local production is real and security stability in the country it is difficult to raise the exchange rate of the dinar IOKraq.[b]
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PostSubject: Re: No RV??? - GDP based only over time   Sat Sep 03, 2011 8:17 pm




Basically says that raising or deleting of the zero's does change anything or value of currency. Correct only a revaluation (RV) can do that! Go RV!!! bounce bounce bounce bounce bounce bounce bounce bounce bounce


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PostSubject: Re: No RV??? - GDP based only over time   Sat Sep 03, 2011 8:27 pm

I read it to say that Iraq must earn their rate increase over time through increasing GDP...not the overnight Lotto ticket we have all been led to believe in...I want it as bad as the rest of U, but that is what it says...
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PostSubject: Re: No RV??? - GDP based only over time   Sat Sep 03, 2011 11:50 pm

If the IQD had lost its value over time due to lowered GDP then I would tend to agree with this article.

However the IQD was artificialy lowered in value due to UN/IMF actions. that happened overnight.

I beleive the restoration of value will be simular to the loss of value.

just my opinion.
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