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TLM724 and Shredd views on article  "Economist: the time is right to apply the project to delete the three zeroes from the currency"  DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

TLM724 and Shredd views on article "Economist: the time is right to apply the project to delete the three zeroes from the currency"

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Post by Ponee Fri Dec 06, 2013 8:33 am

12-6-2013 Newshound Guru tlm724 Article: "Economist: the time is right to apply the project to delete the three zeroes from the currency" Quotes: "Said economic expert Dargham Muhammad Ali, to the present time appropriate for the application of the project to delete the three zeroes from the Iraqi currency, the fact that the exchange rate of the dinar relatively stable during the current period." "the central bank is linked to coordination with the governmental institutions and the private sector to encourage the promotion of the new currency in the market".
 
12-6-2013 Newshound Guru tlm724 he is saying the CBI "could" do it as they are linked already and will offer incentives to the banks to encourage them to "push" the new dinar...he is saying the dinar is nice and stable (within the 2 % threshold set by the IMF) and they have plenty of reserves to back the new currency. Quote: "where the intervention of all within the existing equivalent of the dollar" I believe he is saying it will equal to a dollar.


1-6-2013 Newshound Guru Shredd it really makes common sense for this situation that, to remove the larger notes, a par rate would be necessary.
 
Read the article here ----> https://www.dinardaily.net/t29717-the-time-is-right-to-apply-the-project-to-delete-the-three-zeroes-from-the-currency

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Post by Ponee Fri Dec 06, 2013 8:39 am

LOP?

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Post by Kevind53 Fri Dec 06, 2013 9:20 am

Not necessarilly ... but maybe .... it depends on how they handle any adjustment to the rates and the exchange of the large notes.

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 TLM724 and Shredd views on article  "Economist: the time is right to apply the project to delete the three zeroes from the currency"  2805820865  TLM724 and Shredd views on article  "Economist: the time is right to apply the project to delete the three zeroes from the currency"  2805820865  TLM724 and Shredd views on article  "Economist: the time is right to apply the project to delete the three zeroes from the currency"  2805820865  TLM724 and Shredd views on article  "Economist: the time is right to apply the project to delete the three zeroes from the currency"  2805820865
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Post by catman Sat Dec 07, 2013 2:02 am

If they LOP, they can raise the rate to the 1 to 1 area and by far have the strongest currency in the ME,  They could even go to 3 or 4 to 1 an still be very strong.
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