Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."


Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

Iraq Central Bank ‘To remove 3 Zeroes from Dinar”  4/14/11 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Buy and Sell

Iraq Central Bank ‘To remove 3 Zeroes from Dinar” 4/14/11

Go down

Iraq Central Bank ‘To remove 3 Zeroes from Dinar”  4/14/11 Empty Iraq Central Bank ‘To remove 3 Zeroes from Dinar” 4/14/11

Post by Ssmith on Sun Apr 07, 2019 8:57 am

Iraq Central Bank ‘To remove 3 Zeroes from Dinar”

14th April 2011


Iraq’s Central Bank announced on Tuesday that the project to re-denominate the Iraqi Dinar, removing three zeroes, is close to completion.

According to the report from Alsumaria TV, the re-denomination project is believed to be a strategic plan that will be passed to the ministerial council and Parliament once complete.

A Central Bank’s advisor, Mothahhar Mohammed Saleh, said in a statement to the agency that the plan aims to reduce transactions costs and help people carry less money.

Iraq’s central Bank has managed during the past five years to reduce inflation rates from 34% to 3 or 4% and stabilize Iraqi Dinar exchange rate, he said.
In an earlier statement to Alsumaria News, he confirmed that the bank plans to remove three zeroes from the Iraqi Dinar, noting that the zeroes which were added to the Iraqi currency previously constituted a large money supply estimated at 27 trillion Iraqi Dinar.

Saleh revealed on the other hand that Iraq engages for the first time in banks payment system as it moved from manual to electronic clearance. The system includes six banks in addition to electronic deeds exchange, he said adding that the smart and credit cards will be bound to the central bank system.
Iraqi economists believe the re-denomination of Iraqi Dinar will not have a major influence on the purchasing power of the Iraqi Dinar “which the government has hopes high on it”.

(Source: Alsumaria TV)   LINK
Ssmith
Ssmith
GURU HUNTER
GURU HUNTER

Posts : 20038
Join date : 2012-04-10

Back to top Go down

Iraq Central Bank ‘To remove 3 Zeroes from Dinar”  4/14/11 Empty Re: Iraq Central Bank ‘To remove 3 Zeroes from Dinar” 4/14/11

Post by 7star on Sun Apr 07, 2019 3:09 pm

what was that 8 years ago?  lmao

7star
Active Member
Active Member

Posts : 75
Join date : 2016-07-30

Back to top Go down

Iraq Central Bank ‘To remove 3 Zeroes from Dinar”  4/14/11 Empty Re: Iraq Central Bank ‘To remove 3 Zeroes from Dinar” 4/14/11

Post by Ssmith on Sun Apr 07, 2019 9:40 pm

@7star wrote:what was that 8 years ago?  lmao

Yes,,,  And some people actually think that Iraq's currency is going to revalue 100,000%+ of today's value when they can't even carry out a plan from 8 years ago.

It would be funny if it wasn't so sad.
Ssmith
Ssmith
GURU HUNTER
GURU HUNTER

Posts : 20038
Join date : 2012-04-10

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum