sandyf: "A redenomination would increase the value of the "Dinar" and reduce the amount in circulation" 12/2/19
Page 1 of 1
sandyf: "A redenomination would increase the value of the "Dinar" and reduce the amount in circulation" 12/2/19
by RamblerNash Mon Dec 02, 2019 7:11 pm
sandyf
CBI and so many others have all but said the Dinar is going up in value, The "Dinar" is the monetary unit of Iraq, as opposed to the currency. A redenomination would increase the value of the "Dinar" and reduce the amount in circulation. I have referred in the past to 2 entities that I had dealings with that were outside the realm of dinarland. In the middle of last year both were shut down by the authorities. One was revealed to be a scam and legal proceedings were initiated. The other however was given a clean bill of health and came back to life. They are now making encouraging noises about something happening later in the month with the outcome being visible in the new year. People really should consider the possibility of 2 separate events rather than getting hung up on Iraq. The deletion of zeros is purely an Iraqi issue and could be a long time away.
12/2/19
CBI and so many others have all but said the Dinar is going up in value, The "Dinar" is the monetary unit of Iraq, as opposed to the currency. A redenomination would increase the value of the "Dinar" and reduce the amount in circulation. I have referred in the past to 2 entities that I had dealings with that were outside the realm of dinarland. In the middle of last year both were shut down by the authorities. One was revealed to be a scam and legal proceedings were initiated. The other however was given a clean bill of health and came back to life. They are now making encouraging noises about something happening later in the month with the outcome being visible in the new year. People really should consider the possibility of 2 separate events rather than getting hung up on Iraq. The deletion of zeros is purely an Iraqi issue and could be a long time away.
12/2/19
RamblerNash- GURU HUNTER
- Posts : 24174
Join date : 2015-02-19 
Similar topics» sandyf: "A redenomination means a change in the monetary unit and any such changes must be approved by parliament" 9/20/20
» SandyF - No Redenomination Anytime Soon! 11/26/18
» Guru Jeff: "That's all this is...a last-ditch effort to reduce the amount of dinar in the county of Iraq" (So They Wont Be Using IQD In Iraq Anymore? LOL) 12/21/20
» sandyf: "The correct terms are Redenomination or Re-basing the currency" 8/28/19
» sandyf: "A redenomination in Iraq would bring the currencies much closer together" 7/7/21
» SandyF - No Redenomination Anytime Soon! 11/26/18
» Guru Jeff: "That's all this is...a last-ditch effort to reduce the amount of dinar in the county of Iraq" (So They Wont Be Using IQD In Iraq Anymore? LOL) 12/21/20
» sandyf: "The correct terms are Redenomination or Re-basing the currency" 8/28/19
» sandyf: "A redenomination in Iraq would bring the currencies much closer together" 7/7/21
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» LOOKING FOR UPDATES
» The Central Bank announces the achievement of the largest cash reserve in its history
» Modher Muhammad Salih to / NINA /: Currency and gold reserves are a cover of the country's short-term foreign debts
» Tony say: You cut off!
» Mountain Goat - The “project to delete the zeros” explained 9/10/18
» The Central Bank intends to issue a banknote of 20 thousand dinars
» The Governor of the Central Bank of Iraq is hosted by the Al-Rafidain Forum
» After resignation, Iraq's Parliament Speaker warns of the "dangerous" stage
» Al-Kazemi: Changing the dollar exchange rate against the dinar is the most successful decision
» Current Iraqi dinar’s US dollar peg will be fixed in 2022 budget bill
» CHAT
» Zig's Dinar Story - Is Yours The Same?
» The central bank denies granting sums of money to citizens
» Report: Iraq Is Nearing the Brink of a Shiite Civil War
» Al-Kazemi’s advisor: The foreign exchange reserve represents real monetary stability for the country
» The Central Bank reveals 4 priorities adopted by its policy in Iraq
» The Central Bank transcends economic and financial challenges and moves to achieving monetary stability and promoting economic growth
» Popping in for a Cuppa Joe
» Bank Story #422 By MarkZ - if she had seen the new rainbow currency yet…..you should have seen the surprised look in her eyes
» Bluwolf - This Blessing is about to Begin!
» Sterling Currency Group - Restitution and Forfeiture Hearing 7-12-2022 at 2 PM
» Totally Frustrated and Sad
» The House of Representatives begins the new legislative session next Saturday
» Iraq on a new rollercoaster: "No more projects"
» Is Iraq on the brink of a new civil war?
» Al-Maliki's rhetoric pits him against fellow leader of Coordination Framework
» The World Bank is ready to support Baghdad in achieving economic reforms
» Iraq's foreign exchange reserves rose to the highest level since 2003
» Association of Private Banks: The percentage of financial inclusion in Iraq has risen to 33.5%
» Following the Science? – 159 Children dead, 1.2k disabled, 14.5k hospitalised & 55k injured due to COVID Vaccination in the USA according to CDC
» OPENING DAY: MY SON HUNTER: (Full Movie)
» Another person bites the dust
» Report: More violence likely in Iraq if political deadlock persists
» White and black days.. Economists warn of what looms on Iraq's economic horizon
» Parliamentary Finance resolves the controversy over next year's expenditures with no budget
» Vaccinations Are Injecting Parasites Into Our Children
» Fitch announces the credit rating of Iraqi Islamic banks
» SAD & UCOD
» Violence In Iraq Could Throttle The US Economy. Here’s How