DELETING THE ZEROS

DELETING THE ZEROS, TODAY I WANT TO TALK ABOUT COUNTRIES THAT HAVE UNDERGONE DELETING THE ZEROS OF THEIR NATIONAL CURRENCY. SINCE 1960 GOVERNMENTS OF DEVELOPING COUNTRIES AND TRANSITION ECONOMIES HAVE RE-DENOMINATED THEIR CURRENCIES ON APPROXIMATELY SEVENTY OCCASIONS. RE DENOMINATION GENERALLY INVOLVES THE PROCESS WHEREBY A COUNTRIES CURRENCY IS RE CALIBRATED THROUGH REDUCTION IN THE NUMBER OF ZEROS IN THE CURRENCY WITH A GOAL TO ACHIEVING A SET OF GIVEN ECONOMIC AND FISCAL OBJECTIVES.

WHILE DECISIONS ON DENOMINATION AND DESIGNS OF CURRENCIES SEEM MORE LIKE A TECHNICAL ISSUE RATHER THAN A POLITICAL ONE A GOVERNMENTS CONTROL AND ADMINISTRATION OF ITS CURRENCY AND TRANSACTIONS WITHIN ITS BOUNDARIES IS ONE OF THE HALLMARKS OF THE MODERN NATION-STATE. EVEN THOUGH SUCH MONETARY CONTROL BEGAN IN THE MID-NINETEENTH CENTURY, TODAY, THE MAIN STRUGGLE IS STILL TO MAINTAIN THIS CONTROL PARTICULARLY IN THE FACE OF CIVIL CONFLICT OR ECONOMIC COLLAPSE.

ACCORDINGLY, RESEARCHES CONTEND THAT CURRENCY RE DENOMINATION MAY COME AS PART OF A BROAD PACKAGE OF ECONOMIC AND POLITICAL REFORMS, AS WAS THE CASE IN AFGHANISTAN IN OCTOBER 2002, FOLLOWING THE YEARS OF DECLINE IN THE CURRENCY’S VALUE A NEW AFGHANI WAS INTRODUCED WITH 3 ZEROS REMOVED; OR A MEANS BY WHICH CREDIBILITY OF THE CURRENCY WOULD BE RESTORED, AS WAS THE CASE IN TURKEY, LEADING TO THE REDUCTION IN THE NOMINAL VALUE OF IT’S LIRA BY 6 ZEROS; OR A MEASURE BY WHICH GOVERNMENT ATTEMPT TO REASSERT MONETARY SOVEREIGNTY AND COUNTRY CITIZENS’ LOSE OF CONFIDENCE IN THE NATIONAL CURRENCY AS WAS THE CASE RECENTLY IN ZIMBABWE AND GHANA WHERE 3 AND 4 ZEROS WERE REMOVED FROM THE OLD ZIMBABWEAN DOLLAR; OR WHEN COUNTRIES ARE EXPERIENCING HYPER INFLATIONARY PRESSURES WHICH HAVE THE EFFECT OF MAKING ITS LOCAL CURRENCY UNATTRACTIVE, AS WAS THE CASE BEFORE RE-DENOMINATION IN BRAZIL, ARGENTINA, AND PERU.

YOU CAN READ A MORE IN DEPTH STUDY OF RE-DENOMINATION FROM THE UNIVERSITY OF NORTH CAROLINA
https://www.unc.edu/~lmosley/APSA%202005.pdf

OTHER COUNTRIES WHO RE-DENOMINATED THEIR CURRENCIES AND THIS IS A SHORT LIST THERE ARE OVER 70 TO DATE.
Brazil
– 18 zeros in 6 operations (1967/70/86/89/93/94) 18 zeros in 6 operations (1967/70/86/89/93/94)
Argentina
– 13 zeros in 4 operations (1970/83/85/92) 13 zeros in 4 operations (1970/83/85/92)
Israel
– 9 zeros in 4 operations (1980/85) 9 zeros in 4 operations (1980/85)
Bolivia
– 9 zeros in 2 operations (1963/87) 9 zeros in 2 operations (1963/87)
Peru
– 6 zeros in 2 operations (1985/91) 6 zeros in 2 operations (1985/91)
Ukraine
– 5 zeros in 1 operation (1996) 5 zeros in 1 operation (1996)
Poland
– 4 zeros in 1 operation (1995) 4 zeros in 1 operation (1995)
Mexico
– 3 zeros in 1 operation (1993) 3 zeros in 1 operation (1993)
Russia
– 3 zeros in 3 operations (1947/61/98) 3 zeros in 3 operations (1947/61/98)
Iceland
– 2 zeros in 1 operation (1981) 2 zeros in 1 operation (1981)

WHAT IS THE DIFFERENCE BETWEEN RE-DENOMINATION AND REVALUATION?
Revaluation (Definition): A calculated adjustment to a country’s official exchange rate relative to a chosen baseline. The baseline can be anything from wage rates to the price of gold to a foreign currency. In a fixed exchange rate regime, only a decision by a country’s government (i.e. central bank) can alter the official value of the currency.

Re-denomination (Definition): The process whereby a country’s currency is re-calibrated due to significant inflation and currency devaluation. Certain currencies have been re-denominated a number of times over the last century for various reasons.
The process of changing the currency value on a financial security.

Re-denomination has nothing to do with Re-valuation. When a currency is re-denominated the central bank of that country will reissue notes at decided ratios for both speculators and its citizens.

For ex., If you have a 1000 INR note and Reserve Bank of India (RBI) re-denominated at a ratio 1:10 then RBI will take your old 1000 INR note and issue you new 100 INR whose value stays the same.

The net value of old 1000 INR will be same as new 100 INR. The old notes are given certain time period for exchange and then destroyed once they are returned to RBI. Note that, the purchasing power remains the same throughout the transaction except you are getting new notes for old notes.

Differences between Re-denomination & Re-valuation: For re-denomination, All the old notes must be replaced with new notes. This is not needed for a re-valuation.
Re-denomination does not change the net value(Purchasing Power) while Revaluation does that.
Bank should announce in advance for a decision of Re-denomination while banks will never announce in advance for Revaluation.

SO WHEN WE SEE COUNTRIES TALKING ABOUT GETTING READY TO DELETE THE ZEROS THEY ARE TALKING ABOUT RE-DENOMINATING THEIR CURRENCY NOT CHANGING THE VALUE OF THEIR CURRENCY. WE CAN LOOK AT ALL THE EXAMPLES FROM COUNTRIES THAT HAVE RE-DENOMINATED OVER THE YEARS. THEY ALL DELETED ZEROS BUT THE VALUE DID NOT CHANGE.

I RECEIVED MANY EMAILS ASKING ME TO EXPLAIN THE RE-DENOMINATION IN TURKEY SO LET’S HAVE A LOOK
New Turkish Lira
http://alhurrahadath.net/10691–.html
As of 1st of January 2005, six zeroes have been deleted from our currency and YTL (New Turkish Lira) became the new currency unit of Turkey, so we started using the New Turkish Lira and the New Kurus (cent). The Law for YTL #5083 was published in the Official Gazette dated 31 January 2004

The composition of denominations for YTL banknotes are; 1,5,10,20,50,100, and denominations for coins are 1,5,10,25,50 New Cent and 1 YTL. The sub-unit of YTL is YKr (Yeni Kurus) and 1 YTL = 100 YKr.

Many countries that dropped zeros from their currency units opted for adding the adjective “new” before the name of their currency units in order to facilitate the transition and omitted the word “new” after a while. 49 countries so far removed zeros from their currency; Brazil deleted 18 zeros in 6 operations, Argentina 13 zeros in 4 operations, Israel 9 zeros in 4 operations, Poland 4 zeros in 1 operation, Greece 3 zeros in 1 operation. Etc.

The facts that urged transition to a new currency unit stand as proof of the importance of the issue.

The high inflationary process, which started in 1970s, obliged expression of economic values in terms of billions, trillions and even quadrillions. In this process, the cash demand of economy was met by new banknotes in larger denominations that were put into circulation almost every two years since 1981. As a result of this process, Turkey was currently the only country where the highest denominated banknotes (20million TL banknote) were circulated. This fact was not only undermine the reputation of our currency but also adversely affected the currency’s functions as a medium of exchange and store of value. Also, figures with many zeros lead to problems in accounting and statistical records, IT, payment systems and transactions at the cashiers office.

Removing six zeros from the currency coupled with the ongoing efforts to driving inflation down to single digit numbers is a very important step from the point of its effects on the reputation of the currency. Meanwhile, deleting zeros from the currency will eliminate the technical as well as operational problems arising form the use of figures with multiple zeros. Therefore monetary expressions will be simplified and taking records and making transactions will become easier.

With the transition to YTL on 01.01.2005, both TL and YTL stayed in circulation for one year. People were able to use both types of money as they did their shopping. Meanwhile, since both currencies stayed in circulation through 2005, it was a legal obligation to show the prices of goods and services both as TL and YTL on price tags and lists until 2006. Now only YTL is in circulation.

Old banknotes and coins currently in circulation will be withdrawn as of 01.01.2006. However, for 10 years, these TL banknotes will be exchanged by the Branches of the Central Bank. Ziraat (Agriculture) Bank will carry out this task at cities where Central Bank does not have branches.

HERE IS MORE ON TURKEY
http://www.vostroknutov.com/pdfs/teaching/2008spring/glslides.pdf
Zeroing on too many zeroes
http://www.economist.com/node/3131705
Currency Reform in Turkey and Lessons from Re-Denomination and Euro Changeover
http://jme.mbri.ac.ir/article-1-69-en.pdf

THERE IS MUCH SPECULATION ABOUT UPCOMING RE-DENOMINATION OF OTHER CURRENCIES SUCH AS WITH IRAQ AND INDONESIA AND KOREA. AND IN ALL THE PREVIOUS RE-DENOMINATION CASES SUCH AS PERU AND TURKEY AND BOLIVIA AND AFGHANISTAN AND ISRAEL ETC..ETC… ZEROS WERE REMOVED FROM THE CURRENCY AND NO ONE BECAME MILLIONAIRES. IN ALL THESE COUNTRIES YOU STILL HAD THE SAME VALUE IN USD AFTER THE CONVERSION AS YOU HAD BEFORE. WHEN YOU WENT INTO PERUVIAN BANK TO EXCHANGE 1 MILLION INTIS FOR 1 SOL YOU WALKED IN WITH 1 USD WORTH OF MONEY AND YOU WALKED OUT WITH 1 USD WORTH OF MONEY. IT WAS A FLAT EXCHANGE. THE SAME WILL BE THE CASE FOR ALL FUTURE RE-DENOMINATING COUNTRIES. THERE WILL BE NO FLASH MILLIONAIRES.

LET’S HAVE A QUICK LOOK AT IRAQ TELLING US THEY ARE RE DENOMINATING.
http://alhurrahadath.net/10691–.html
It was scheduled to be the project to delete the three zeroes in 2011 and did not perform
And then postponed to 2013… then postponed to 2015 .. and now the decisions implemented early 2017 plan.

Note that the process of deleting the zeros have occurred in several countries. Delete the three zeroes from the Zimbabwe dollar in 2006 and Romania omitted four zeros from its currency in 2005. Bolivia deleted three zeros from its currency in 2008. Turkey removed six zeros from its currency in 2005. Sudan delete the zeros from its currency in 2007
Central Bank director Mahdi Keywords, said, “The central bank began the first steps of the project through the selection of designs, companies and the country that will be printed currency.” He pointed out that “the new currency entry does not mean the destruction of ancient coins, but will continue to trade for about ten years,” pointing out that “this period will enable the central bank to withdraw the old currency in accordance with the known dynamic in order to preserve liquidity in the market.”

YOU CAN READ THE REST ON YOUR OWN BUT THEY ARE TELLING YOU THEY WILL BE DOING AS THE OTHER COUNTRIES HAVE DONE.

LET’S LOOK AT INDONESIA
New banknotes launched, re denomination will go on
http://www.thejakartapost.com/news/2014/08/19/new-banknotes-launched-redenomination-will-go.html
Bank Indonesia (BI) says that it will go ahead with a re denomination plan that will slash three zeroes off the local currency, despite recently issuing new versions of rupiah banknotes.

Re denomination: How not to socialize policy
http://www.thejakartapost.com/news/2010/08/09/redenomination-how-not-socialize-policy.html

Indonesia to Re denominate Rupiah in 2014
http://www.2point6billion.com/news/2012/12/17/indonesia-to-redenominate-rupiah-in-2014-11916.html
Dec. 17 – The Indonesian government has announced plans to reduce the number of zeros on the rupiah by three beginning in 2014. The re-denomination will simplify payment processes in a national currency upon which many people already ignore the last three zeroes

INDONESIA HAS STILL NOT RE DENOMINATED THEIR CURRENCY.

ALRIGHT WELL I CAN GO ON AND ON IN EXAMPLES BUT I HOPE YOU ARE GETTING THE POINT AND YOU UNDERSTAND THE PROCESS OF RE DENOMINATING CURRENCY. YOU ALSO NEED TO REMEMBER THAT RE DENOMINATION HAS BEEN TAKING PLACE IN OVER 70 DIFFERENT CURRENCIES TO DATE AND NOT ONE OF THEM HAS EVER TURNED SPECULATORS INTO MILLIONAIRES.

PLEASE BE CAREFUL OUT THERE.

LOVE TO ALL …….MY LADIES

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22 thoughts on “DELETING THE ZEROS

  • Rod

    I just don’t see how people still think one particular country will be different than all the others.
    Great post

    • Memphis

      That’s a good and important point to bring up Rod.
      If all the things spoken of in this blog are true [and they are] then how could so many people be convinced that Iraq [for example] would be re-pricing or re-valuing their money differently than other nations who simply re-denominate [or ‘lop off’] their currency?!?!

      Well I can speak with personal xperience on this point!
      There have been multiple ‘press releases’ over the years that told us that the intent of the CBI [Central Bank of Iraq] was to increase the value of their money. I personally documented and pointed to these press releases and yet… nothing.

      The reader can draw their own conclusions as to who or what source has been behind this deception but regardless of the answer it still brings us to the inescapable conclusion that Iraq is not a ‘special case’.

      We must each then consider the words of Ayn Rand where she observed:
      “You can ignore reality but you cannot ignore the CONSEQUENCES of ignoring reality!”

      Blessings, Memphis

  • Farhad

    Well done ML.For Iraq to be able to revalue its currency to a much higher purchasing power relative to USD, it must be able to sell an enormous amount of USD reserves to buy IQD once it trades internationally in order to make up for the revaluation, which reserves She does not possess. Hence the simple logical statement that the fantasy of dinarland revaluation simply does not compute!!!

  • Trident704

    Well-said, Memphis. Thanks to MyLadies for putting it all together. I much prefer the truth, right between my eyes, than to waste valuable time, holding out for false hope.

  • Marc

    Plain, simple and direct!! Very well laid out thank you!!!

  • Ggrawlings

    If all of the above is true, and I am not saying it is not, why would My Ladies spend so much time telling everyone on more that one occasion “do not under any circumstances give your dinar to anyone”?

    • MY LADIES

      WELL GGRAWLINGS I WILL ELABORATE, THE LONGER I’M IN THIS THE MORE I LEARN AND THE FURTHER I MOVE FROM IRAQ AND FOCUS GLOBALLY THE MORE THINGS MAKES SENSE. I USED TO STUDY IRAQ AND READ EVERYTHING AND TRANSLATE FROM ARABIC TO ENGLISH AND HAVE MY PARTNER READ TO ME IN ARABIC AND I WAS ALL IN 100%. BUT AS TIME PASSED AND I DUG DEEPER I FOUND THAT ALL THESE YEARS WHEN IRAQ WAS TALKING ABOUT 2017 THEY MEANT 2017, SO IN SEPT OF 2015 I STOPPED POSTING BECAUSE I KNEW THERE WOULD BE NOTHING TO SAY, AND LOOK WHERE ARE WE NOW?? THE END OF 2016 AND STILL WAITING RIGHT?

      AFTER THAT I BEGAN READING WHITE PAPERS ON GLOBAL FINANCE AND PUTTING MANY THINGS TOGETHER AND I CAME TO REALIZE THAT IRAQ IS NOT IN A BUBBLE AND THEY WILL FOLLOW WHAT EVERYONE BEFORE THEM HAS DONE. THERE IS SO MUCH VALUABE INFORMATION ON THE IMF WEB SITE AND NOTHING IS HIDDEN AND THERE ARE NO SECRETS SURROUNDING THIS WHOLE IRAQ THING.

      THEY ARE GOING TO RE DENOMINATE THEIR CURRENCY AND JUST LIKE 70 COUNTRIES OVER THE LAST CENTURY HAVE DONE THEY ARE GOING TO RE DENOMINATE, BUT WHERE DOES THAT SHOW THEY WILL CHANGE THE VALUE??? NO WHERE. SO I POSTED THE STUDY OF OTHER COUNTRIES AND AGAIN ALL THEIR RE DENOMINATION INFO IS RIGHT ON THE IMF WEBSITE FOR ANYONE TO SEE.

      NOW WILL DOWN THE ROAD IN THE FUTURE IRAQ GROW THEIR GDP AND BE ABLE TO ADJUST THE VALUE OF THEIR CURRENCY???? WELL MAYBE..BUT THEY WILL ALREADY HAVE RE DENOMINATED THE CURRENCY SO HOW WILL WE PROFIT FROM THAT??? AND AGAIN WHEN YOU STOP AND READ AND UNDERSTAND HOW A CURRENCY IS PRICED IT JUST DOES NOT HAPPEN ON A WHIM AND A BUTTON PUSH.

      THE MORE I STUDY THE MORE I LEARN AND I’M ONLY SHARING WHAT I FIND, BUT REMEMBER THESE ARE WHITE PAPER STUDIES NOT SOME HERE SAY FROM SOMEONE WITH MONETARY GAIN AT HEART….I HOPE THIS ANSWERED YOUR QUESTION AND WE HAVE ONLY A SHORT TIME TO WAIT AND SEE HOW IT ROLLS OUT BECAUSE THEY ARE TALKING ABOUT RE DENOMINATING IN JANUARY..AND I HAVE A SICK FEELING THAT MANY PEOPLE FROM THE COMMUNITY WILL BE JUMPING OFF BRIDGES WITH THE OUTCOME.

      BACK IN 2014 AND 2015 WHEN THOSE GROUPS WERE COLLECTING CURRENCY AND PROMISING GREAT RATES I SAID DO NOT GIVE YOUR CURRENCY TO ANYONE AND LOOK SOME FOLKS HAVE BEEN SEPARATED FROM THEIR CURRENCY FOR NEARLY 2 YEARS WITH OUT A THING TO SHOW FOR IT OR THE ABILITY TO GET IT BACK. IT HAS SOME VALUE IF ONE WANTED TO SELL IT BACK, BUT NOW BEING SEPARATED FROM IT EVEN THAT OPTION IS NO LONGER AVAILABLE.
      I HOPE I ANSWERED YOUR QUESTION FOR YOU…..THANK YOU FOR ASKING.

  • Anonymous

    May I ask why you have stated many times that you are “invested ” in the dinar and will keep your investment if in fact there is nothing to be gained from said investment as you state here ?

    • MY LADIES

      YES ANONYMOUS I GIVE THE SAME ANSWER TO YOU THAT I GAVE TO GRAWLINGS, IT HAS BEEN A VERY STEEP LEARNING CURVE FOR ME. MANY THINGS HAVE CHANGED AND MUCH MORE UNDERSTANDING HAS COME FROM STUDYING THE WORKING OF THE WORLD FINANCIAL SYSTEM. IN 2015 I STOPPED POSTING BECAUSE I SAID THERE WOULD BE NOTHING NEW UNTIL 2017 WHICH IS WHAT IRAQ SAID OVER AND OVER AGAIN AND WELL LOOK WHERE ARE WE???

      ALSO IN ALL THE THINGS IRAQ IS SAYING THE ONE THING THEY ARE NOT SAYING IS ANYTHING ABOUT REPRICING THEIR CURRENCY. THEY ARE TALKING ABOUT RE DENOMINATING IT.WELL THAT DOES NOT SPEAK T VALUE. I SPENT THE LAST FEW DAYS RESEARCHING ALL THE OTHER COUNTRIES OVER THE LAST CENTURY AND OVER 70 COUNTRIES THAT HAVE RE DENOMINATED THEIR CURRENCY AND THEY ALL DID IT THE SAME WAY. I POSTED THE LINKS AND THE CHARTS AND THE GRAPHS AND I HAVE TO WONDER WHY ON EARTH WOULD IRAQ DO IT ANY DIFFERENTLY???

      I WAS HEAVILY INVESTED AND I SOLD MUCH BACK IN 2015 I HELD ON TO A BIT BECAUSE I THOUGHT WELL WHAT IF…. BUT NOW AFTER READING ALL THAT I READ AND POSTED I AM FEELING A BIT STUPID I’LL TELL YOU THAT. NOW I DO NOT HAVE A CRYSTAL BALL AND I CAN NOT PREDICT THE FUTURE SO I WOULD NEVER EVER TELL YOU OR ANYONE ELSE WHAT YOU SHOULD DO BUT I DID SHARE WHAT HAS BEEN DONE PREVIOUSLY AND WHO EVER HAS AN INTEREST HAS THE FACTS AND CAN JUDGE THEMSELVES ACCORDINGLY.

      I AM CONFIDENT WITH MYSELF AND MY UNDERSTANDING TO SAY THAT WE WILL SEE A RE DENOMINATION VERY VERY SOON BUT I HAVE NO FAITH THAT WE WILL SEE A REPRICING AT THE SAME TIME. IT’S JUST NOT REALISTIC BUT I GUESS TIME WILL TELL THE STORY WON’T IT?
      I THINK THE WORDS LIFT THE ZEROS ARE VERY CLEAR, AND IS THE SAME VERBIAGE ALL 70 COUNTRIES BEFORE IRAQ HAVE USED AS WELL.

      I HOPE THIS ANSWERS YOUR QUESTION…THE MORE I RESEARCH THE BETTER UNDERSTANDING I HAVE AND I AM SIMPLY SHARING THE FACTS AS THEY HAVE HAPPENED. YOU DECIDE.

  • zlynn

    MyLadies, my late husband used to say a wise man changes his mind; a fool never does.:)

    Foreign currency is a complex topic. The evolution of trying to understand it takes a lot of time and study for the average person who has had little experience in the world of finance. While I am thankful that God has blessed my life with more than I need, I have never had millions to protect or understand. My ignorance does not mean I’m dumb; or that I was dishonest when I told my friends and family about the expected increase in value. It simply means I was uninformed then. So much more is available online now than when I first invested in dinars. Clearly, it was an investment; regardless of whether or not I make a profit.

    Admitting that we don’t think the same as we used to does not mean we are or have been dishonest because we said something different in the past; it means we have enough integrity and grace to correct ourselves. Publicly. Your integrity is showing, MyLadies!

    • MY LADIES

      THANK YOU ZLYNN SOMETIMES I JUST FEEL LIKE THE PORCUPINE IN A BALLOON FACTORY…

  • Reni

    Ahhh Memphis- your wisdom shines a light in a dark cavern of believing what one wants to believe. Yes those shadows of doubt (and not researching properly) can do that to one.. I’d rather stick to facts and knowing. However, ML (and I hope ALL of you had a fabulous, bodabulous T-day) I think of all those zeros- and I ask myself, will ANY of the zero’s matter in the digital/bitcoin age?
    Personally, I would LOVE to have a debit/credit card that reloads automatically from ‘s the Cosmos so that the balance never runs out!! Much like an eternal flame or endless waterfall. LOL.
    Now that is a pipe dream eh? Well, why must we pay to live on a planet ……? Because that is the way it is.
    Love y’all. Great Post.

  • Reni

    WOW, all way too quiet on the home front here folks. Wassup ML?
    Is this the calm before a storm? Is NO news good news? Well looking at the finance blogs I see
    Bloomberg tells a stories that are interesting and to me, one is in direct contrast with GREEN and that is
    the latest, hottest issue of the Dakota pipeline- https://www.bloomberg.com/news/articles/2016-12-04/u-s-army-corps-of-engineers-denies-dakota-access-pipe-permit
    the other is what is happening in elections across the pond- https://www.bloomberg.com/news/articles/2016-12-04/renzi-heading-for-defeat-in-italian-referendum-exit-polls-show
    Lots of change afoot besides how many zeros are dropped off a currency.
    I repeat- Wassup ML?

    • MY LADIES

      OOK RENI YOUR RIGHT IT IS WAY TO QUIET…I HAVE BEEN CRAZY BUSY BUT I WILL MAKE AN IN DEPTH POST SUNDAY AND WE WILL COVER ALL THINGS THAT ARE CURRENTLY HAPPENING..WE WILL DROP THE ZEROS TALK ONTO TE FLOOR AND GET BACK TO BUSINESS…THANKS

  • IT WOULD APPEAR FROM YOUR COMMENTS THAT, FIRST, YOU’RE NOT LOOKING FOR ANY VALUE INCREASE IN THE IQD. YOU SEEM TO BE INTIMATING A REDOM, WHICH AS YOU SAY ADDS NO VALUE TO THE CURRENCY. SO YOUR WHOLE POSITION SEEMS TO BE MOVE 09N FOLKS, NOTHING TO SEE HERE. BUT, THEN, YOU SLIP THIS LITTLE TIDBIT IN:

    “… I WAS HEAVILY INVESTED AND I SOLD MUCH BACK IN 2015 I HELD ON TO A BIT BECAUSE I THOUGHT WELL WHAT IF…. BUT NOW AFTER READING ALL THAT I READ AND POSTED I AM FEELING A BIT STUPID I’LL TELL YOU THAT.”

    SO, ARE YOU LOOKING FOR THE IQD TO RAISE IN VALE, OR IS IT JUST A LOP. (RE DENOMINATION?)

    WHAT IS IT THAT YOU ARE FEELING STUPID ABOUT AFTER YOU SOLD ALL YOU IQD IN 2015??

    • MY LADIES

      AAAANTH…I FIRMLY BELIEVE IRAQ WILL RE-DENOMINATE OR LOP IF YOU WILL AND AFTER THEY HAVE DONE THAT THEY WILL COME OUT INTERNATIONALLY. WHEN THEY SPEAK OF RAISING THE VALUE OF THE DINAR SIGNIFICANTLY MOST FOLKS DO NOT UNDERSTAND WHAT THAT MEANS. CURRENTLY THE PARALLEL MARKET IS AROUND 1300+ SO IF THEY RESTORE TO THEIR PREVIOUS VALUE MY UNDERSTANDING IS THEY WILL CLOSE THE GAP AND COME BACK TO 1166 OR 11 SOMETHING AND THAT WILL BE A SIGNIFICANT INCREASE FOR SURE.

      THE THOUGHT OF THEM RAISING THE VALUE TO THE POSITIVE SIDE OF THE DECIMAL POINT IN A SNAP DOES NOT MAKE SENSE AND THEY DO NOT HAVE THE RESERVES TO BACK THAT. THAT IS NOT AN OPINION THAT IS A FACT.

      ADDITIONALLY I FIND IT HARD TO BELIEVE THAT IRAQ WILL BREAK FROM OVER 100 YEARS OF RE DENOMINATIONS TAKING PLACE AND DO ANYTHING ANYTHING DIFFERENT THAN ALL THE OTHERS BUT HEY STRANGER THINGS HAVE HAPPENED AND I DO NOT HAVE A CRYSTAL BALL AND I AM PERFECTLY WILLING TO BE WRONG ALTHOUGH IT IS NOT LIKELY.

      THE MORE WE LEARN THE CLEARER THE PICTURE BECOMES.

      • aaanth

        i don’t really see the numbers moving to the left side of the decimal point. That would be completely outrageous! There are many, however, who see the “three zero’s” as being the ones in the now quasi famous decimal .00086. This as we all know is the decimal equivalent of the 1182 IQD per 1 USD. The removal of THOSE three zero’s would actually place the value of 1 dinar slightly higher than 1 dollar, ( $1.00 divided by .86 = 1.16 IQD) thereby making it worth more and more desirable to Iraqi’s. That, many believe, would be the best and quickest way for Iraq to ‘de-dollarize’ without having to alter their currency. It would also explain why lower denoms even exist, let alone coins! lol It would also define how the currency that we hold could/would jump in value, thereby causing a viable “RV”.

        My question to you would be… is there any precedent in the studies and research you have done to support this approach to currency shifts in value in an international or sovereign nation type approach? Is this even a viable possibility or just one of those “dinarosphere’ musings?

        Thank you for the time you spend and for your insights.

        • MY LADIES

          AAANTH..THE SHORT ANSWER IS NO. THERE IS NO PRECEDENT AND WE WILL BE LOOKING TO INDIA AS AN EXAMPLE TO COMPLETELY UNDERSTAND DEMONETIZATION AND RESTRUCTURING OF CURRENCY.

          THOSE WHITE ELEPHANT LOWER DENOMS ARE MORE DINAR LAND JIBBER JABBER..

          STAY TUNED THINGS ARE ABOUT TO GET REAL WHETHER FOLKS WANT TO UNDERSTAND OR NOT.

          • aaanth

            Thank you. do you have a timeline on the “real” part?

          • MY LADIES

            LOL…THE TIMELINE IS NOW AND ACROSS THE GLOBE, WE AR SEEING DEMONETIZATION AND RE DENOMINATIONS AND MONETARY RESTRUCTURING EVERY DAY. JUST GO TO GOOGLE FOR A START AND TYPE IN INDIA DEMONETIZATION.

            I AM PUTTING IT TOGETHER NOW AND I THINK THIS IS THE MIRROR IMAGE OF IRAQ AND OTHERS.

  • Bk

    Mary,

    What happened to Wayne? How does he still feel and does he share the same thoughts as you?

    Been a long time since I followed the dinar but remember fondly your ccalls with him.

    Thanks

    • MY LADIES

      BK WAYNE IS FINE AND YES HE DOES FEEL THE SAME WE STILL HAVE THE SKYPE ROOM AND I TALK TO HIM A FEW TIMES A WEEK…IT’S GOOD TO SEE YOU HERE..

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