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The Iraqi currency change will not have any effect on the international value of the Iraqi dinar and economy DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

The Iraqi currency change will not have any effect on the international value of the Iraqi dinar and economy

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The Iraqi currency change will not have any effect on the international value of the Iraqi dinar and economy Empty The Iraqi currency change will not have any effect on the international value of the Iraqi dinar and economy

Post by RamblerNash on Sat Mar 31, 2018 10:26 pm

Dinarbeleiver December 18, 2013 at 12:01 PM

Economist calls for a reduction of currency in circulation; Says GOI should adopt modern card systems
10/24/2013 12:00 AM

called researcher economic state fair government banks to develop its adoption of modern technology to reduce the size of the money supply in circulation.

said in a statement (morning) that the systems of modern banking in the state banks would activate the automated systems of the card electronic what keeps more liquidity in the bank accounts.

confirmed just post 13 banks from private banks based clearing mechanism, which includes clearing instruments electronic.

showed researcher economic importance of expediting the transition to trading currencies mail through the deployment of banking culture because the citizen believes that government banks the best and safe from civil and more assured in recover his money in case of exposure to risk.

http://bit.ly/1gIQbRU


Replies

Brian Simpson December 18, 2013 at 12:40 PM

So yet again you post an article describing a redenomination (lop) and crayon in "Go RV" without understanding it? And THIS is your PROOF? ROFL!!!! "RV's" do not remove any money from circulation - only redenominations do. An RV is just an external peg adjustment - it takes no money out of circulation internally. My God you really are totally clueless about this stuff aren't you?

Rather than carry on your childlike desperate crusade, why don't you do yourself a favor and actually listen to what Iraq are telling you:-

- "The new 50 Dinar bill will have a value of approx $43 [2x 25,000 current notes]... The Iraqi currency change will not have any effect on the international value of the Iraqi dinar and economy" - Central Bank of Iraq

- "This redenomination had previously been applied in countries such as Turkey, who deleted six zeros from their currency" - Dr. Mohammed Saleh, Central Bank of Iraq

- "The exchange rate between the new banknotes and the old ones will be 1:1,000" - Mahma Khalil, Member of the Iraqi Parliament and official spokesperson of Iraq's Economic Committee

- "The change that will take place with the Iraqi currency will change the face value of the dinar and not the real value as measured by the value of Iraqi dinar against the dollar and gold" Sami Atrushi, Iraqi Finance Committee

- "The step to delete zeros is merely an administrative process, and the currency equation should remain the same. This means that the purchasing power of the new currency should be equal to that of the old currency" - Nafee Elias, Iraqi North Bank.

- "The deletion of zeros will not affect the Iraqi dinar’s purchasing power" - Ahmed Faizullah, deputy head of the parliamentary Finance Committee

- "The intention would be to drop three zeros from the nominal value of bank notes; but the actual value of the dinar would remain unchanged" - XE.COM

- "CBI has announced that it intends to implement a long-planned redenomination of the Iraqi dinar by eliminating three zeros from the nominal value of bank notes" - SIGIR quarterly reports.

The only thing you've proven is both how shockingly clueless you are on what a "redenomination" is, and that your entire "evidence" is nothing more than a misinterpretation of a barely legible Google translation of a redenomination... LOL.

How long are you going to make a fool of yourself trying to "explain" what Iraq are "really doing" by ignoring everything everyone in Iraq are actually saying?

http://dinardouchebags.blogspot.com/2013/12/i-just-came-across-this-article-from.html

(In the comments)
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The Iraqi currency change will not have any effect on the international value of the Iraqi dinar and economy Empty Re: The Iraqi currency change will not have any effect on the international value of the Iraqi dinar and economy

Post by trishmc on Wed May 02, 2018 2:36 pm

Why would the CBI go to the expense of printing new currency, deleting the zeros , if it has no increase in value ?

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Post by ReapAndSow73 on Wed May 02, 2018 3:43 pm

@trishmc wrote:Why would the CBI go to the expense of printing new currency, deleting the zeros , if it has no increase in value ?
Because it's a ledger-line trick and hyperinflation hedge...it could increase in value over 10-12 years, unless CBI continues to print and borrow, which they will most-likely continue to do...and will continue to service sovereign debts with weak currency, because that's what central banks do...CBI is no different from every other central bank, suckling at the teet of IMF/WB and their cheap money...
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