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:

sandyf: "There is a basic accounting principle that dinarland prefers to ignore" 2/13/20 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

sandyf: "There is a basic accounting principle that dinarland prefers to ignore" 2/13/20

Go down

sandyf: "There is a basic accounting principle that dinarland prefers to ignore" 2/13/20 Empty sandyf: "There is a basic accounting principle that dinarland prefers to ignore" 2/13/20

Post by RamblerNash on Thu Feb 13, 2020 10:20 pm

sandyf   

["If there is to be any return on this venture it will not be the result of anything done by Iraq."...Then by whom?...if not the CBI...] [reference Guru sandyf post 2-12-2020]  There is a basic accounting principle that dinarland prefers to ignore, the liabilities must be less than the assets or the entity is technically bankrupt.   Currency issued is a liability on the CBI and the CBI has no control over the value of it's assets, the bulk of the assets are foreign currency denominated and effectively fixed in value. There is limited equity in the accounts so no scope to increase the value of the dinar by any significant amount.   Any change to how the value of the assets could be calculated would have to be by international agreement and nothing to do with the CBI.


2/13/20
RamblerNash
RamblerNash
GURU HUNTER
GURU HUNTER

Posts : 17751
Join date : 2015-02-19

Back to top Go down

Back to top


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