Latest topics
Enorrste feels that DELETE THE ZEROS means -- "remove the large notes from circulation."...
2 posters
Page 1 of 1
Enorrste feels that DELETE THE ZEROS means -- "remove the large notes from circulation."...
1-24-2014 Newshound Guru Enorrste
On the other hand, if, as the IMF has recommended...the dinar is allowed to "gradually rise in value" over time, then the issuance of smaller denominated notes would occur gradually, with small ones coming out as the value rose. By no coersion, then, but rather by choice, people in Iraq would trade in their large notes for the smaller ones as the large notes became more and more valuable, thereby limiting their own security risk exposure.
Finally...I have never found a single article from the CBI or the IMF that equates "delete the zeros" to the idea of "move the decimal point." Instead, the statements overwhelmingly come out to mean "remove the large notes from circulation."...
If they waited until 1 dinar equaled about $1 before issuing any new currency...then there would be 25000 dinar notes, worth close to $25000 a piece, floating around the country just prior to the issuance of the new currency. This does not seem practical, logical, or safe, to me. Of course it is theoretically possible that they could RV at $.86 to 1 dinar and then give, say, 30 days for people to turn in their large notes.
On the other hand, if, as the IMF has recommended...the dinar is allowed to "gradually rise in value" over time, then the issuance of smaller denominated notes would occur gradually, with small ones coming out as the value rose. By no coersion, then, but rather by choice, people in Iraq would trade in their large notes for the smaller ones as the large notes became more and more valuable, thereby limiting their own security risk exposure.
Finally...I have never found a single article from the CBI or the IMF that equates "delete the zeros" to the idea of "move the decimal point." Instead, the statements overwhelmingly come out to mean "remove the large notes from circulation."...
If they waited until 1 dinar equaled about $1 before issuing any new currency...then there would be 25000 dinar notes, worth close to $25000 a piece, floating around the country just prior to the issuance of the new currency. This does not seem practical, logical, or safe, to me. Of course it is theoretically possible that they could RV at $.86 to 1 dinar and then give, say, 30 days for people to turn in their large notes.
Ponee- Admin
- Posts : 38267
Join date : 2011-08-09
Re: Enorrste feels that DELETE THE ZEROS means -- "remove the large notes from circulation."...
Full of S*** there pal !
Deletion of zeros = LOP
Deletion of zeros = LOP
Guest- Guest
Re: Enorrste feels that DELETE THE ZEROS means -- "remove the large notes from circulation."...
Maybe, maybe not ... time will tell ...
*****************
Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
- Posts : 27254
Join date : 2011-08-09
Age : 24
Location : Umm right here!
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Yesterday at 6:02 am by Ditartyn
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Sat Mar 23, 2024 9:25 am by swizzlestick
» ZIGPLACE
Wed Mar 20, 2024 6:29 am by Zig
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej
» The second American Revolution has begun, God Bless Texas
Mon Jan 29, 2024 6:13 pm by kenlej
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
Sun Jan 28, 2024 3:28 pm by Mission1st
» Tucker talking Canada
Wed Jan 24, 2024 6:50 pm by kenlej
» Almost to the end The goodguys are winning
Mon Jan 22, 2024 9:03 pm by kenlej
» Dinar Daily Facebook Page
Mon Jan 22, 2024 3:34 pm by Ponee
» The Fundamentals of Finance and Pimpy Live
Thu Jan 18, 2024 7:17 am by Dinarhater
» Why Won't the Iraqi Dinar Scam Die?
Wed Jan 17, 2024 5:19 pm by RamblerNash