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Word for the day…
Mrs. BGG
Iraqi Dinar/Dollar auction 11-15-16 (most recent listing)
Currency Auctions Announcement No. 3319
This daily currency auction was held in the Central Bank of Iraq on the 11-15-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 34 |
| Number of remittance companies | 16 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 148,849,754 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 148,849,754 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver. – Ayn Rand
*** Current News ***
BGG (Dinar Guru) – […if three zeros are removed, a hypothetical is, eight $25,000 note would become a $25 note is that correct?] First off – it’s a 25k DINAR note… worth $25 USD (currently)…and when they get done revaluing – no matter what the USD value is – or should be OUT OF IRAQ…inside Iraq – 1 Dinar will still be worth 1 Dinar…a Dinar is a Dinar... so ask yourself – again, when they are writing these articles about their currency – who are they talking to? Iraqi’s – where a Dinar is still going to be worth a Dinar…so what are they removing? …it’s NOT A LOP – that is what taking a 25k (IQD) note to a 25 IQD note would be – and there’s NO WAY…So…if it’s NOT NOMINAL VALUE… AKA – .00086 >> .86 and it’s NOT A LOP… AKA 25,000 = a 25 IQD note…then what is it? a removal of the bigger – 3 zero notes over a period of time…
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SteveI (Dinar Guru) – [Dropping the three zeros is merely a description of the coming new lower denomination currency. On the magic day whatever day that is…The lower denominations will be announced and issued …including a 25 dinar note, a 10 dinar note, the 5 dinar note, and so on…Concurrent with that event the exchange rate will be updated to whatever value they have determined…Be it $.85 to the dinar, or $1.16 to the dinar, or $3.45 to the Dinar…] This is how we believe it to happen…
Read More: http://www.dinarupdates.com/observer/
Reasons to delete three zeros from the Iraqi dinar and what it means to delete the zeros from currency
Omar Al-Fateh – The reasons for deleting three zeros from the Iraqi dinar and what it means to delete the three zeroes from the Iraqi currency, the fact deleting three zeros from the Iraqi dinar, the official source at the Central Bank of Iraq, said that the beginning of the beginning of 2017, will the central Bey Iraqi deleting three zeros from the currency of Iraq, Finance Committee also announced in parliament that the central bank will start at the beginning of 2017 by deleting three zeros from the local currency, in other words, that the unity of the coin in 1000 dinars from the old currency will be replaced by only one denarius of the new currency, and so on.
Start procedures to delete three zeros from the currency in 2017
Going on in the minds of many Iraqis that the important question of whether to raise (the zeros from the Iraqi dinar) harm or benefit? Thus why do not we raise the zeros, the official source in the Iraqi Central Bank stressed that the purpose of deleting three zeros from the currency of Iraq is to lift the economy and prosperity to raise support for the dinar, which will be a key reason for the return of Iraq’s economy again in January 2017, the step by Iraq intended to reform the local currency system based on the use of the currency too high denominations, which leads to difficulties in handling and in private transactions accounts, as well as higher prices resulting from the use of monetary units higher categories, which leads to a decline in the currency and declining purchasing power exchange rate the dinar in a big way.
CBI decision to remove three zeros from the Iraqi dinar
Iraqi Central Bank chairman said that the deletion of three zeros from the Iraqi dinar will help in flourishing once again the Iraqi economy and the return of the Iraqi currency traded in international stock markets, the deletion of zeros restore Iraqi currency mind in periods of monetary turmoil and declining public revenues of the state at a time when the expenses increase, resort states often to print more of the local currency, leading to price hikes and the occurrence of high inflation, the need to cross categories with high currencies such as the one thousand and one million one hundred thousand … etc., and with every raise in the denomination as the economy enters the furnace of inflation.
Why delete the three zeroes from the Iraqi dinar
The aim of deleting three zeros from the currency of Iraq is one of the means to control the high inflation is monetary reform, coupled with a change in monetary policy by the old currency high Pfiadtha replacement of a new currency with lower categories so prices tend to decline, but does he have on inflation? The answer is no, because the elimination of inflation is required to follow state moderate monetary policy, an official at the Central Bank of Iraq and stressed that the Iraqi dinar will be the vital currency in global stock markets and the central bank is currently discussing the principles of starting the project and its laws on the beginning of the project of the year 2017 and stressed that the new currency will not have a significant impact on the major currencies, but will raise the Iraqi economy.
BGG (Dinar Guru) – …there have been several BARN BURNER ARTICLES lately…Here’s a couple of…headlines from the last few days… “Reasons to delete three zeros from the Iraqi dinar and what it means to delete the zeros from currency“; “The central bank begins its first steps to delete the three zeroes from the currency“; “The CBI decision to remove three zeros from the currency of Iraq beginning in 2017“. They are pretty much telling us what’s happening…it’s VERY EXCITING!
Read More: http://www.dinarupdates.com/observer/
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wmawhite (Dinar Guru) – […[BGG] mentioned it might come out as exotic currency what does that really mean?] If it has value and there is someone on this planet that will exchange it for me, it doesn’t matter.
Read More: http://www.dinarupdates.com/observer/
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The CBI decision to remove three zeros from the currency of Iraq beginning in 2017
An official source at the Central Bank of Iraq that the beginning of the beginning of 2017, will the central Iraqi Bey deleting three zeros from the currency of Iraq.
The official source at the Central Bank of Iraq emphasized that the purpose of deleting three zeros from the currency of Iraq is to lift the economy and prosperity to raise support for the Kuwaiti Iraqi dinar, which will be a key reason for the return of Iraq’s economy again.
He stressed that the Iraqi dinar will be the vital currency in global stock markets and the central bank is currently discussing the principles of starting the project and its laws on the beginning of the project from 2017 and confirmed that the new currency will not have a significant impact on the major currencies, but will raise the Iraqi economy.
Iraqi Central Bank chairman said that this step will help the Iraqi economy booming again and the return of the Iraqi currency traded in international stock markets.
I know the CBI decision to remove three zeros from the currency of Iraq beginning in 2017 through Thagafna source
Filkhbr.com
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The central bank begins its first steps to delete the three zeroes from the currency
The governor of the Iraqi Central Bank, said the bank began to develop the first steps of the project to delete the three zeroes from the Iraqi currency.
Between the Keywords in a statement that the aim of the deletion of three zeros is to support the Iraqi dinar, and make it a competitor to foreign currencies, pointing out that this project is strategic It will serve as the country ‘s economy, as the dinar will be included in the global basket of currencies in the vital exchanges. He added that the bank is working on mechanisms for the implementation of the project, it is expected to start at the beginning of 2017.
He pointed out that the Keywords introduction of the new currency does not mean the destruction of ancient coins, but will continue to trade for about 10 years.
Courtesy of RCookie
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Iraq:
Letter of Intent, Memorandum of Economic and Financial
Policies, and Technical Memorandum of Understanding
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| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1182.000 | 1180.000 |
| Euro | EUR | 1288.853 | 1288.208 |
| British pound | GBP | 1491.684 | 1490.938 |
| Canadian dollar | CAD | —– | —– |
| Swiss franc | CHF | 1199.635 | 1199.035 |
| Swedish krona | SEK | 130.107 | 130.042 |
| Norwegian krone | NOK | 141.403 | 141.332 |
| Danish krone | DKK | 173.179 | 173.093 |
| Japanese yen | JPY | 11.078 | 11.072 |
| Special Drawing Rights |
SDR | 1622.508 | 1621.697 |