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Post by Madmoney on Wed Jan 25, 2012 3:07 pm

Understanding each market I find it funny how last year Iran was planning on removing 4 zeros from their currency
After a 24 month study by their central bank and vote by the public .. Now after new sanctions the value of the rial has dropped and they are raking in the old currency at a record pace.. I'm guessing there will be no war in iran but instead a well done currency play to revalue the rial/ new iranian parsi ..
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Post by openmind on Wed Jan 25, 2012 3:12 pm

Hmm...! Can you please link an article concerning this. Thanks.

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Post by landcareunlimited on Wed Jan 25, 2012 3:52 pm

A couple of observations that raise an eyebrow here:

1.) The use of the word "Redenomination" in conjunction with "dropping of the four zeros". Why is it we have NEVER heard that term used in conjunction with "dropping the three zeros" with the Iraqi Dinar? If we had, the debate would quickly be resolved. I have listened to the Shabbibi lecture and he does not used the term except in response to a direct question about redenominating, despite a much better grasp of the English language than most gurus. He sticks to the phrase "deleting three zeros". I think this is a positive indicator.

2.) This article has clearly not been translated from Arabic or Farsi...the writer is fluent in English. The source is also not cited...at least I could not find it.

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Post by Madmoney on Wed Jan 25, 2012 4:08 pm

The seconds link to wikipedia click on show value and scroll down to
The redenomination section .. I also find it strange the newer currency was
Printed in 2003 !!
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Post by DevaronDLH on Wed Jan 25, 2012 4:16 pm

Several months ago I read an online article (and if I can find it again I will post it) that stated the ""Coming War in Iran" is NOT about oil or nuclear weapons but it IS about the banking system. From the article I understood Iran is not party of the Rothchild world wide banking cartel... one of the 6 nations that has no affiliation to them... The fuss is not about nuclear weapons which Iran has NONE of but is about getting Iran under the control of the Rothchild's money [control] system... (the Rothschild family more than any family on the planet is the New World Order)...
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Post by therealbutterfly on Wed Jan 25, 2012 4:37 pm

@landcareunlimited wrote:A couple of observations that raise an eyebrow here:

1.) The use of the word "Redenomination" in conjunction with "dropping of the four zeros". Why is it we have NEVER heard that term used in conjunction with "dropping the three zeros" with the Iraqi Dinar? If we had, the debate would quickly be resolved. I have listened to the Shabbibi lecture and he does not used the term except in response to a direct question about redenominating, despite a much better grasp of the English language than most gurus. He sticks to the phrase "deleting three zeros". I think this is a positive indicator.

2.) This article has clearly not been translated from Arabic or Farsi...the writer is fluent in English. The source is also not cited...at least I could not find it.



http://www.rferl.org/content/iraq_said_planning_currency_overhaul_redenomination/24245867.html

http://www.iraq-businessnews.com/2011/09/06/iraq-58bn-in-currency-reserves-should-redenominate-soon/

http://www.iraq-businessnews.com/2011/06/27/iraq-prepares-to-redenominate-its-currency/

http://www.speroforum.com/a/56072/Iraq-Said-To-Be-Planning-Currency-Overhaul-Redenomination
In the longer term, Saleh said a redenomination is needed wherein three
zeros will be dropped so that the 25,000 Iraqi-dinar banknote --
currently the largest denomination -- becomes a 25-dinar note.


This is just the most recent batch of articles that state redenomination along with the dropping of the zeros.... they go back to 2006....
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Post by openmind on Thu Jan 26, 2012 11:15 am

Thanks ya'll!

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