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 "Forward March" - Mon. PM KTFA Thoughts/News 3/18/19 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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"Forward March" - Mon. PM KTFA Thoughts/News 3/18/19

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Post by Ssmith on Mon Mar 18, 2019 10:20 am

KTFA

McDan » March 17th, 2019


IMO Iran CBI said the other day they were going to remove 4 zeros.

There currency becomes 4000 fils to the dollar or 1 usd x 4 Iran currency

Iraq is dropping 3 zero there currency becomes 1200 fols or .83 cents

to get the exchange rate of Iran and Iraq currency divide the 4000 fils by 1200 fils and it comes out to 3.33 Iran currency to equal one Dinar

Div 1.00 by 1.20 =.83 cents

Div. 4000 fils by 1200 fils = 333 fils = Iran currency to Iraq Dinar IMO

BDMous » March 17th, 2019

A few years ago, the CBI stated they would wait for Iran to revalue together. It is looking as they may/will. We pray it is soon.

Noneb4him » March 17th, 2019

The articles are coming out fast and furious pointing us to the end of this chapter. There is no denial of all this wonderful forward motion. Electricity becoming stable, MoUs turning into contracts, corruption being discussed and kept in the forefront, Iran being put on ice, visiting delegations from brother Arab countries, salaries being paid, wheat and rice delivered...

FORWARD March... left.. left... left, right, left.

I hear Bill Murray in Stripes as he marches his band of misfits to the graduation ceremony.

And when asked "you continued your training without your leader?" he replies.. "THAT'S A FACT, JACK!"

Samson » March 17th, 2019

Trade: Iraqi-Qatari economic forum will be held tomorrow in Baghdad


16th March, 2019

The Ministry of Commerce announced that Sunday will witness the establishment of the Iraqi-Qatari Economic Forum in Baghdad

The ministry said in a press statement, read by "Economy News", that "a large Qatari trade delegation headed by the Minister of Commerce of Qatar will visit Iraq on Sunday

She added that "the economic forum for businessmen between the two countries will be held at the Al-Rasheed Hotel LINK

Don961 » March 17th, 2019

Inflation in Zimbabwe erases the value of savings


Friday 15 March 2019

Agencies / follow-up

About two decades of corrupt monetary policies have destroyed Zimbabwe's economy, which has boosted rampant inflation, eroding people's savings twice.

Unrestricted inflation of 500 billion percent in 2008 caused the savings to be worthless and led to the cancellation of the local currency for the dollar the following year, according to a Bloomberg report.

In the year 2016, the former government of former President Robert Mugabe, who was in financial straits, introduced securities known as "Bond Notes", while maintaining their dollar-dollar trading.

In 2018, the government separated the cash deposits from the electronic currency in banks without reserves to support them, causing the collapse of the currency price on the black market (the informal market).

Last week, the Zimbabwean government admitted defeat and allowed the Bund Knut to trade within the market-defined range, which once again reduced the value of savings.

The decision came after the country in the southern part of Africa, facing shortages of bread and fuel from strikes and protests, as well as attempts by President Emerson Mengagawa to attract new investments.

According to Derek Matisak, a research adviser at the Zimbabwe-based Institute for Security Studies in Zimbabwe, the reason for all this is the currency crisis.

"This is similar to the creation of a giant Ponzi scheme that arose under Mugabe's leadership. What we are seeing now is that the Ponzi scheme is collapsing," he said.

Ponzi Scheme is a fraudulent tactic invented by Charles Ponzi, where he promises to give investors very high returns with low risk by providing returns to old investors through new people in a speculative system that continues until the bubble bursts.

«Hypothesis 1 to 1»

While the last step has been welcomed by the country's business sector, it is unlikely that Zimbabwe's problems will be solved because all they do in fact is that they reflect black market exchange rates, said Stephen Hank, a professor of applied economics at Johns Hopkins University in Baltimore.

Hank said the earlier hypothesis of a dollar-1-to-1 exchange rate was tantamount to science fiction, adding that the final decision officially said, "We will overlook what happened anyway," which means officially: "We stole you."

The exchange rate of the new currency between banks is about 2.5 per dollar, according to data published on the website of the Central Bank.

The figure is not significant as authorities fail to disclose trade volume, according to the Market Watch Zimbabwe website, which is run by financial analysts.

The site estimates the black market exchange rate of the single "Bond Note" at 3.31 per dollar. link
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