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Friday, November 11, 2016

TNT UPDATE, 11 NOV

Hecatesol :   Rayren said about 2 est, that iraq was doing deletion of the zeros! They have to change their currency if they are doing that We were very excited!

OKRocks:  .GM all I give thanks for what we are about to receive

OKRocks:  its the way it came > DELTA: FRANKIE . .JUST IN FROM IRAQI TV : CBI BEGINS THE PROCESS of deleting zeros . CODE RED ..BROTHER .

OKRocks:  "Code Red" = "Highest Level 'Situation Alert".....

OKRocks:  Frank26: you cannot implement the project of lifting the value of your currency by lifting the 000’s of the IQD without increasing the value first...

Lvrofrdsox68 :  It sounds like things are definitely moving in the right direction woohoo go rv

Mangelo:   if they delete the zeros then they would have a new rate


RayRen98:  IF ZERO'S GET DELETED A 25 DINAR NOTE CAN'T BUY THE SAME AS A 25,000 NOTE WITHOUT A PRICE CHANGE IN GOODS OR A VALUE CHANGE IN CURRENCY.....RIGHT???

Gar2441:  How does the deleting of the zeros by Iraq affect the currency that I hold in my position?

MoEagle:  Today... a 25,000 dinar might buy you a dozen hamburgers in Iraqi.   Assume the RV comes in at $2 US dollars... then a 10,000 dinar note would be worth $20,000 US$$ ...... how could you spend 20,000 to buy hamburges and expect change....

When the IQD RVs... the existing notes are too BIG for every day use.  Thus, the lower demons are needed to do daily business and the so called 3 zero notes can not be used on the street in every day use due their value... unless you want to buy thousands of hamburgers at one time.

When the lower denoms come out.... these big notes are no longer needed and therefore the saying DROPPING THE THREE ZEROs..  
 
JJBeck:  I believe that has to do only within the country of Iraq.

CountryGal:  What still makes sense to me is the deleting the zeros..means in country only..and it is not droping the zeros from the notes but deleting the 3 zero notes from curculation and the process has begun now by asking citizens to exchange them and that this was expected to be competed by 2017 ...just my understanding of the process

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