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Millionday says. "YES THE VALUE IS GOING TO BE RAISED. "
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Millionday says. "YES THE VALUE IS GOING TO BE RAISED. "
Guru Millionday Press Statement: "The process of deletion of zeros from the national currency will begin during 2014, through an agreement with the central bank" CONFIRMATION IS REAL THAT DURING THIS YEAR AND IN THE UPCOMING MONTHS...WILL SEE THE CHANGE IN THE RATE AND THE REMOVAL OF THE THREE ZERO CURRENCY -- THIS WAS ANNOUNCED IN A PRESS STATEMENT---THIS IS THROUGH THE POLICY OF CBI...THEY ARE WORRIED ABOUT FRAUD AND COUNTERFEITING BUT --- THE AMOUNT OF BILLS IN CIRCULATION WILL GO FROM 4 BILLION TO 1 BILLION ON THE STREETS --- THIS WILL ALSO BE DONE AT THE SAME TIME THE RATE AND VALUE WILL RISE --- THE CURRENCY HAS TO BE ALL DONE AT THE SAME TIME ---
~~~~~~~~~~~~~
Guru Millionday Report quote: "This project will lead to reducing the rate of the national currency in circulation from four billion to one billion. Added: The value will be reduced to the size of the quarter, and this will enhance the value and easy to transport, pointing out that fraud or manipulation of currency cash, it will be very difficult." THE REPORT IS SAYING THAT THE VALUE WILL CHANGE AND ALSO THE AMOUNT OF CURRENCY ON THE STREETS WILL GO FROM 4 BILLION BILLS TO 1 BILLION BILLS.
THEY EXPECT TO USE THE BANKING REFORM TO DO THIS AND THAT IT IS READY TO GO AND WILL BE DONE THEY ARE JUST ENSURING THAT THEY DONT HAVE A PROBLEM WITH COUNTERFEIT CURRENCY --- DOUBLE CHECKING THAT THEY WONT HAVE AN ISSUE WITH FRAUD --- SO THE NUMBER OF BILLS WILL BE REDUCED AND THEY ARE REMOVING THE 3 ZERO CURRENCY AND THAT YES THE VALUE IS GOING TO BE RAISED.
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Re: Millionday says. "YES THE VALUE IS GOING TO BE RAISED. "
:shootin the br Well Dollarday : How did you come up with 4 billion notes in circulation ?
Even the CBI has said there are Trillions out there. Estimates range from 20-80 Trillion.
And Deletion of the Zeros still most likely means LOP, only the pumpers believe that it means removing the notes off the streets.
And then there are the questions of time alloted to exchange the notes and whether or not it will be in house or worldwide.
And it's not the first time they've announced such plans only to scrap or delay them.
First things first : A functioning government providing stability and handling the security issue trumps all else.
Even the CBI has said there are Trillions out there. Estimates range from 20-80 Trillion.
And Deletion of the Zeros still most likely means LOP, only the pumpers believe that it means removing the notes off the streets.
And then there are the questions of time alloted to exchange the notes and whether or not it will be in house or worldwide.
And it's not the first time they've announced such plans only to scrap or delay them.
First things first : A functioning government providing stability and handling the security issue trumps all else.
Guest- Guest
Re: Millionday says. "YES THE VALUE IS GOING TO BE RAISED. "
4 billion notes is accurate. 4 billion notes x 10,000 average denomination = roughly 40 trillion in physical currency.
There's zero doubt that deleting/raising/removing/whatever the three zeroes means a lop. Only question is if they'll ever get off their asses and do it and end this charade once and for all (for most people anyway, some of the dumbest ones will probably still believe they're going to be rich any day off it).
There's zero doubt that deleting/raising/removing/whatever the three zeroes means a lop. Only question is if they'll ever get off their asses and do it and end this charade once and for all (for most people anyway, some of the dumbest ones will probably still believe they're going to be rich any day off it).
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