Kap / Tlar & Dinar Alert Member Discussion
Baghdad (newsletter). Economic expert Ghazi al-kinani, the deletion of zeros is vital but the timing was not appropriate.
He said Al-kinani (News Agency): the project delete zeros now not appropriate for security reasons and in addition to political vulnerability to currency counterfeiting.
He added: the process of deleting zeros will have a bad psychological effect on people with tremendous difficulty coping with the new currency will have a million dinars dinar only in the process of debt repayment.
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He continued that the parliamentarians have no adequate study of this complex project must include studies about its advantages and disadvantages and political dimensions.
The parliamentary Economic Committee outweighed the implementation date of the project to delete the three zeros from the currency when early next year./finished/5 p. x/ LINK I report…you decide.
Tgirl: 13:21 07/12/2013 Economist: the project to delete the zeros is appropriate at this time
Follow-up – and babysit -
Said economic expert Ghazi al-Kanani, said the project to delete the zeros is a vital issue, but the timing is not appropriate.
Kanani said: that the project to delete the zeros work now is not suitable for security and political reasons, in addition to the vulnerability to currency counterfeiting.
He added: that the process of deletion of zeros will have a bad psychological effect on the citizens where Salaqon difficulty coping with the new currency which will be one million dinars thousand dinars, especially in the process of debt repayment.
Between: he Although Qudamah project, but he did not do until now, noting that the law of the deletion of zeros need to Bramjat and processors and economic and educational seminars.
He continued: parliamentarians do not have enough study on this complex project, which should include accurate studies on the pros and cons and political dimensions.
The parliamentary economic committee suggested that the date of implementation of the project to delete the three zeroes from the currency at the beginning of next year M. J LINK I report…you decide.
ZenMav: I guess 30+ years of Saddam & 22 years of Ch VII squalor weren’t enough to toughen the peoiple of Iraq. Apparently, present day Iraqi’s are so mentally fragile that adding value to the currency is just a pressure they couldn’t handle. Civil War would be just fine with these guys, but modernity would be too much. Another Maliki stooge.
Carrello: Whoops! I posted this too in a separate thread.
Question: Is he stating a LOP, or that the zeros will be dropped from the currency?
Tlar: He is not stating lop. His concern is the confusion that will undoubtedly be caused by the shock of removing the zeros on debts and salaries etc. There is a nugget of something good in this article. It is the last sentence.
”noted that the Economic Commission representative suggested that the date of implementation of the project to delete the three zeroes from the currency at the beginning of the year next. / End / 5. b. PVC /”
I hope this guy knows what he is talking about and is privy to the plan because if he is, the CBI intends to do this sooner than the 1st of the year.
This best guestimate I’m about to make assumes that the CBI does not listen to this guy. So to me that leaves the end of Ramadan, right after Eid (pretty sure that’s the name of the feast), the great feast when traditionally Muslim governments “gift” their citizens, or the very end of September or October 1st because this is the beginning of the next accounting period.
These potential start dates are just my best guesses logically, so please don’t nail me later and say I was wrong. We all know logic is not something we find a lot of in Iraq.
Wn: Deja vu
Sadie: They had Shabibi there for years explaining it to them….If they have new Parlimentary elections, I hope they get some new savy guys in there, so we don’t have to start all over…
Kaperoni: TY Carrello
Economist: the project to delete the zeros is appropriate at this time
12-07-2013
Baghdad (news) .. Said economic expert Ghazi Kanani, said that the project to delete the zeros is the subject of a vital, but the timing is not appropriate. said Kanani (of the Agency news): The work project to delete the zeros now is not suitable for security reasons and political addition to the vulnerability of the currency to fraud.
said: that the process of deletion of zeros will have a psychological impact Bad citizens where Salaqon difficulty coping with the new currency which will have a million dinars thousand dinars, especially in the process of debt repayment.
between: that in spite of Qudamah project, but he did not do until now, he said, adding that the law of the deletion of zeros Need Bramjat processors and seminars economic and educational. ,
and continued: parliamentarians to study enough for this complex project, which must include accurate studies of pros and cons and keep him politically. noted that the Economic Commission representative suggested that the date of implementation of the project to delete the three zeroes from the currency at the beginning of the year next. / End / 5. b. PVC /
http://www.ikhnews.com/index.php?page=article&id=91772
Corvetteman: I think they been drinking to much fred flintstone juice
Boomer911: I have a quick question….if they do a float and the zeroes come off gradually, what is to stop the whales from buying up all the currency knowing Iraq has stated they intend to restore it to its former glory. Wouldn’t an immediate RV to a 1:1 solve that problem?
I mean if the dinar is still worth less than a $1, what is the incentive to want the dinar? I know Kap has stated that Maliki isn’t on board with that but do you think he could change his mind?
Thanks in advance….Also, wouldn’t a direct question from a reporter like “Do you mean the deletion of zeroes from the bills or the nominal rate” be an outstanding question at this junction?
–Proverbs 3:5-6 Trust in the Lord with all your heart; do not depend on your own understanding. Seek his will in all you do, and he will show you which path to take.
PGLD: An “Expert” in their country is the equivalent of a fifth-grader at a really poor inner city public school. They get confused remembering what planet they live on, so this is not surprising, if it is indeed, NOT intentional propaganda. World’s fastest golf swing
2COLLECTG: PGLD, if he`s an expert then he should know international monetary law states a sovereign country must stand on they`re own sovereign currency!
I bought this stuff for a penny i just want to sell mine back for a dime!
Tripphood: It would seem that they should not have been released from Ch7 without an agreement for currency reform if in fact in order to be soverign then you need a tradeable currency. Maliki got what he wanted and now he seems to wants to keep things the same.
Tlar: Boomer you ask an intriguing question. There are a lot of pitfalls to gradually raising the value of the dinar not to mention if their intention to just go live with the present rate, what’s been the hold up?
The advantages of an RV IMO far outweigh the float theory. First off as a few of their own economists are starting to realize, you put a stop to counterfeiting. The new dinar is supposed to be as close to non counterfeit able as a currency can be.
The finance committee just came out with an article today the seems to show that they, as a group are now behind removing the zeros. They want the CBI to guaranty that the banks will not be exchanging new dinars for counterfeit currency. They are concerned that “mafias” are going to rig the swap.
It’s an odd concern unless the CBI intends to raise the zeros on the first go around meaning RV and not a gradual growth of value otherwise that concern exists today as counterfeit currency is already in the market and some has even slipped into independent banks either by accident or by involvement of that institution.
Gradually increasing value should not play into this as a major concern to warrant the finance committee asking for assurances unless they expect a tremendous amount of the current dinars being dumped all at once.
Also the article about setting up committees consisting of the government and parliament to supervise and monitor the destruction of the old currency as it comes in, seems premature to me if this is to be a gradual increase in value.
Again the old currency is already coming in as Iraq has been dollarizing now since the last quarter of last year. So why set up new committees if you are just going to float the currency?
I believe both of these articles are triggered the immediacy by the release of the new smalls. The quick release of the new smalls means RV to me, not a gradual float until it gets enough value to finally force a release of the smalls. I can assure you that a one dinar note will not see the light of day until there is enough value to warrant it. Rv or float, you decide.
WEDREAM: i agree 2C but PGLDhas a point iraqi education has been sorely lacking in the past 30 years its all about the dinar
Boomer911: Great point Tlar and thank you for responding! I had a similar response to the earlier posts and articles you are referencing in your reply.
“Also the article about setting up committees consisting of the government and parliament to supervise and monitor the destruction of the old currency as it comes in, seems premature to me if this is to be a gradual increase in value.”
This is another great point to me because if it’s going to be a gradual release they could gradually destroy it as it comes in unless there will be a huge exchange very quickly which I believe would be the result of an RV to 1:1….Thank you though for your comments.
Proverbs 3:5-6 Trust in the Lord with all your heart; do not depend on your own understanding. Seek his will in ll you do, and he will show you which path to take.
Kaperoni: Boomer, most currencies in the world float. Do you see people “buying it up?” No. Keep in mind, the dinar in circulation is not unlimited. It is controlled by the CBI. They know exactly how much is outside Iraq. Once the dinar starts to float, the CBI will use a host of tools to control the pace of the rise by controlling liquidity in circulation. That crap about “buying it up” is common BS guru talk to convince people it must RV. A gradual rise via float in which the world market sets the rate is exactly what the CBI/IMF want to do.
The original plan to set a “staging rate” at or about 1 to $1 (.86) was scrapped last April. Maliki has no interest in giving that much value to the dinar overnight. He wants a gradual rise in value over time based on the countries performance. We can prove that. The good news is it will go up, the bad news is we have to watch it rise rather than wake up to a higher rate.
Boomer911: Great explanation Kap! Your point about them knowing how much dinar is in circulation is right on and something I didn’t think of. Thank you
Proverbs 3:5-6 Trust in the Lord with all your heart; do not depend on your own understanding. Seek his will in all you do, and he will show you which path to take.
Kaperoni: Economist: delete the zeros is not appropriate at this time
12/7/2013 — 15:21:1 _ pm
Us news/agencies: economic expert Ghazi al-kinani, the deletion of zeros is vital but the timing was not appropriate.
Al-kinani said the project delete zeros now not appropriate for security reasons and in addition to political vulnerability to currency counterfeiting.
He added: the process of deleting zeros will have a bad psychological effect on people with tremendous difficulty coping with the new currency will have a million dinars dinar only in the process of debt repayment.
And: that despite him only he failed to do so far, adding that the deletion of zeros need to bramgat and wizards and economic and educational seminars.
He continued that the parliamentarians have no adequate study of this complex project must include studies about its advantages and disadvantages and political dimensions.
The parliamentary Economic Committee outweighed the implementation date of the project to delete the three zeros from the currency when early next year. LINK
Geezer: Hey Kap, With regard to your comment – “most currencies in the world float. Do you see people “buying it up?” No”.
Wouldn’t logic dictate that all other currencies in the world don’t get “swallowed up by whales” or bought up because other countries don’t have the underlying wealth and POTENTIAL to return to a once highly esteeemed position of 1+ or even 3+ in the “glory days”??
I agree with 99.9% of what you say but this thought process seems a little flawed. But not really that important….thanks!!
Shaund2073: THIS IS what I have been saying for awhile, I know kap has talked with what he calles the facilator and seems to have inside sources, but I dont see it floating from 1166,
They have been stating 1 to 1 for over a year. and I do not think maliki is an issue.. 1 to 1 will be any easy transistion for a counrty now well educated and able to be taken advantage of.. they could simply exchange back one dollar for one dinar..
I feel it will be like this for a little bit to ease the transition, then they can or will float from there back to its glory days of over 3 … all the points tlar makes seem logical and valid points…
again this is smething that has never happen before so we are all left to wonder and make our conclusions….. lets see
I still feel we should have a dinar alert members party when this is over an JOEG pay for it lol since he keeps staking those notes:D - the fiat currency will fall as asset back currency will take its place
