MillionDay chat on the deletion of the zeros

MillionDay chat on the deletion of the zeros

Iraqi Dinar Guru[millionday] Yaseri that the Finance Committee “supports the changes to the local currency because of the economic importance to the country.” the Central Bank said that the deletion of zeros is part of a plan to develop monetary policy and currency management reform.

The CBI had said in August that it planned to delete the zeros of the Iraqi dinar to facilitate financial transactions made through criticism most often.Among the difficulties facing Iraq if he wanted to delete the zeros of the dinar is pulling about 30 trillion dinars circulating in the Iraqi market is then discarded and replaced with a new currency.

 

[cookie2] Wow!

[wmawhite] They are beginning preparations.

[millionday] my mood can not be changed tonight smile

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[MeKevinB] will start preparations? ugh!

[millionday] on the 27th

[snowflake59] Big smile

[millionday] what is the date today hmmm

[Godsalli/Jim] Why does it say CBI said in August?

[ROBINREDHED] 27th

[millionday] Parliamentary Finance: Central Bank starts during the current year measures the deletion of zeros from currency Baghdad. Sabah said parliamentary Finance Committee, the central bank, according to correspondences official start of this year procedures deleting three zeros from the local currency, saying that it would lead to the development of cash transactions and economic international.

A member of the Finance Committee Abdul Hussein al-Yasiri Center Brief for the Iraqi Media Network (IMN) It “According Almkhtabat official with the central bank, it is supposed to start this year Balastaadadt necessary to delete three zeros from the local currency.”

and noted that “the local currency will reduce from four billion units to one billion units which will make there Anciabh in the process of the transfer of currency.” and between Yasiri that “the Finance Committee supports changes to the local currency because of the importance of the country’s economic

[myblifeguard] Godsalli/Jim that was LAST August

[cookie2] August of last year?

[millionday] Godsalli/Jim probably because that is 4 days away

[wmawhite] Godsalli/Jim ………….It is a comment that the CBI recommended to do this last August.

[CashMoney] sorry but that is the exact definition of a REDENOMINATION or AKA LOP

[CashMoney] delete the zeros of the dinar is pulling about 30 trillion dinars circulating in the Iraqi market is then discarded and replaced with a new currency

[millionday] oh i see that — right

[millionday] CashMoney a redenomination is not the same as a lop

[millionday] >>>>>>>>>>>>>>>>>>>>>>>>>economic international

[wmawhite] CashMoney ………A LOP is a reduction in the value of a currency. Iraq is telling us that they will increase the value of the IQD.

[Godsalli/Jim] Come on Iraq lets do this!!!

[millionday] a lop is done when the inflation and the pricing and the currency has three or four or five zeros — this is not a lop NOT smile

[CashMoney] if they have 30 trillion in circulation how are they gonna cover that?

[Godsalli/Jim] NOT

[wmawhite] CashMoney …..because the current value is so little they currently need larger notes. With the increase in value there will be no need for the 000a.

[wmawhite] 000s

[faith1] reserves

[millionday] CashMoney what will happen is that our country will hold in reserves and many countries will use the dinar to raise their value in reserves and that will raise the value of their currency as well

[millionday] therefore — the global economic condition will be effected by this plan through iraq and that is the largest in how

[CashMoney] im not here to argue with anyone – you can believe whatever you like – but if there is 30 trillion in circulation they will redenominate first then increase the value

[wmawhite] CashMoney ….the CBI has told us in the ARTICLES that with their current reserves that they can support a value of $2.50

[millionday] no-regret no hun — they said they are beginning it today and that goes right with the major international banks making a huge speech for their entire country

[JamVox] CashMoney they don’t have 30 tril in circ, they have been withdrawing it for the last two years auctions

[no-regret] millionday thx

[millionday] CashMoney the increase in exchange rates will be a result

[Godsalli/Jim] Million that sounds soooooo gooooood

[CashMoney] JamVox not according to the article MD just posted

[myblifeguard] Wow….macro and microeconomics at the same time….

[CashMoney] like i said im not here to argue with anyone

[millionday] CashMoney and we dont argue here hun — you are free to speak your opinion with no negative result what so ever i promise you that

[JamVox] CashMoney don’t believe everything you read

[CashMoney] lol

[no-regret] CashMoney they will not have to cover 30 trillion because they have been pulling it off the streets by the auctions everyday

[wmawhite] CashMoney CashMoney …..the redenomination has been in process for well over a year. The larger notes have been reduced greatly.

[millionday] you may always speak — we are adults and that is what the best thing is about this site

[millionday] The central bank says that the deletion of zeros comes within the plan for the development of monetary policy and the reform of currency management. and was a member of the Finance Committee parliamentary Haitham al-Jubouri,

had said in an earlier statement to him that “replacement currency and delete Ocefarha will features the best and the biggest decrease of the volume of inflation and revive the dinar due to lack of demand for the dollar,

which comes positive aspects significant to the economy of the country, and replaced revive economy Alibd but needs political environment and economic environment for the implementation of the project without facing any obstacles lead to the deterioration of the currency Iraqi “.

was the Iraqi Central Bank has pointed out last August that plans to delete the zeros from the Iraqi dinar to facilitate financial transactions made ​​through cash in most cases.

[millionday] lets actually put the whole thing together and see if it makes sense and then we will quit

[millionday] Start delete actions 3 zeros from alamlha July 27, 2013 : Start delete actions 3 zeros from alamlha Baghdad, Iraq (CNN)–Iraq’s parliamentary Finance Committee that the Central Bank, according to official correspondence, will start this year with three zeros deleted from the local currency,

saying it will lead to the development of international economic and monetary transactions, in a new twist in the Iraqi currency, which suffered waves of inflation and exchange rates.

“The Iraqi media network,” the official, a member of the Finance Committee, Abdul Hussein Al-yasiri, said that he would begin preparations for the deletion of three zeros from the local currency, adding that the local currency “will cut 4 billion to billion, which will make a smooth transfer currency”.

Yaseri that the Finance Committee “supports the changes to the local currency because of the economic importance to the country.” the Central Bank said that the deletion of zeros is part of a plan

[millionday] Yaseri that the Finance Committee “supports the changes to the local currency because of the economic importance to the country.” the Central Bank said that the deletion of zeros is part of a plan to develop monetary policy and currency management reform.

The CBI had said in August that it planned to delete the zeros of the Iraqi dinar to facilitate financial transactions made through criticism most often. Among the difficulties facing Iraq if he wanted to delete the zeros of the dinar is pulling about 30 trillion dinars circulating in the Iraqi market is then discarded and replaced with a new currency.

[millionday] Parliamentary Finance: Central Bank starts during the current year measures the deletion of zeros from currency Baghdad. Sabah said parliamentary Finance Committee, the central bank, according to correspondences official start of this year procedures deleting three zeros from the local currency, saying that it would lead to the development of cash transactions and economic international.

A member of the Finance Committee Abdul Hussein al-Yasiri Center Brief for the Iraqi Media Network (IMN) It “According Almkhtabat official with the central bank,

it is supposed to start this year Balastaadadt necessary to delete three zeros from the local currency.” and noted that “the local currency will reduce from four billion units to one billion units which will make there Anciabh in the process of the transfer of currency.”

and between Yasiri that “the Finance Committee supports changes to the local currency because of the importance of the country’s economic.”

[millionday] The central bank says that the deletion of zeros comes within the plan for the development of monetary policy and the reform of currency management.

and was a member of the Finance Committee parliamentary Haitham al-Jubouri, had said in an earlier statement to him that “replacement currency and delete Ocefarha will features the best and the biggest decrease of the volume of inflation and revive the dinar due to lack of demand for the dollar, which comes positive aspects significant to the economy of the country,

and replaced revive economy Alibd but needs political environment and economic environment for the implementation of the project without facing any obstacles lead to the deterioration of the currency Iraqi “.

was the Iraqi Central Bank has pointed out last August that plans to delete the zeros from the Iraqi dinar to facilitate financial transactions made ​​through cash in most cases

[purecountry] adding that the local currency “will cut 4 billion to billion, which will make a smooth transfer currency”. Am I reading that right? a $4 rate just to make it an easy adjustment for the citizens?

[millionday] the raise in the exchange rates to all countries is a result from this and this is great — the application of the monetary policy starting today is what some have been hearing and some of us have great and i mean great sources smile

[ROBINREDHED] wow

[millionday] so now for that drink wow is right

[ROBINREDHED] thats huge

[cookie2] Wooooooooooooooooooooooooooooooooooooooooooooooooo oo Hooooooooooooooooooooooooooooooooooooooooo!!!!!!!! !!!!!!!!!!!!!!!!!!!!!

[millionday] one day off — not bad smile cheers

[Godsalli/Jim] That would be awesome

[EduKate] millionday are you saying what I think you are saying?

[ROBINREDHED] ya milly what ya sayin?

[janiem] millionday – sorry I am lost. What is one day off?

[Godsalli/Jim] Answer the Hag lol

[ROBINREDHED] lol, right?

[EduKate] millionday it may be the wine talking, but I love you

[millionday] i am saying i should have had this article yesterday lol

[millionday] i think the august point was to brag of their prediction

[no-regret] i think the 4 billion to 1 billion is talking about the number of bills

[millionday] i think the august point was to brag of their prediction

[millionday] so lets cross our everything — sounds good to me

[millionday] thANKS all and i pray this is it for ya — really i pray this is the beginning of what we have waited for — it sure does look good with the banking release speech

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