A redenomination is a whole different animal. I use to think that Iraq was not talking about redenomination when they were talking about raising the value of the currency and dropping the Zeros. After all how could Iraq do this with a 50, 250, and 500 in circulation? The basic Guru presentation is they will remove the 25,000 10,000, 5,000 and 1,000 notes. (The notes with three zeros) and then they will raise the value of the existing notes and introduce lower denominations. This will happen in one night as trillions of dinars suddenly rise in value. No one stops to consider the economic chaos that will come from this. Not only has an RV this big never happened before in history. This scenario has never happened before in history.
The truth is redenominations happen all the time. Reducing the amount of currency people carried, dropping the zeros, and raising the value is all redenomination language. When a redenomination happens a new ISO currency code is released. (AKA ISO 4217 Country-Currency Code) The ISO code is 3 letters that identifies the Currency for a country. For example, USD = US Dollar, IQD = Iraqi Dinar
In a straight across redenomination a new series of currency will be released and a new ISO code is issued. There is a trade in period or time frame when both series of currencies will coexist. Once the time frame expires the old series will no longer be valid. Every note in the old series will be taken out of circulation. If Iraq redenominates the 500, 250, and 50 notes will all be removed and will not be valid after the trade in period. Here is how a straight across redenomination will work.
OLD CURRENCY IQD NEW CURRENCY NEW ISO
One 25,000 note old dinars = One 25 note new dinars
One 10,000 note old dinars= One 10 note new dinars
One 5,000 note old dinars= One 5 note new dinars
One 1,000 note old dinars= One 1 note new dinar
Two 500 notes old dinars= One 1 note new dinar
Four 250 notes old dinar= One 1 note new dinar
Twenty 50 notes old dinar= One 1 note new dinar
Keep in mind that the dinar further breaks down in units of fils, Kind of like our dollar breaks down into cents. This will be reflected in the redenomination process.
A redenomination is a whole different animal. I use to think that Iraq was not talking about redenomination when they were talking about raising the value of the currency and dropping the Zeros. After all how could Iraq do this with a 50, 250, and 500 in circulation? The basic Guru presentation is they will remove the 25,000 10,000, 5,000 and 1,000 notes. (The notes with three zeros) and then they will raise the value of the existing notes and introduce lower denominations. This will happen in one night as trillions of dinars suddenly rise in value. No one stops to consider the economic chaos that will come from this. Not only has an RV this big never happened before in history. This scenario has never happened before in history.
The truth is redenominations happen all the time. Reducing the amount of currency people carried, dropping the zeros, and raising the value is all redenomination language. When a redenomination happens a new ISO currency code is released. (AKA ISO 4217 Country-Currency Code) The ISO code is 3 letters that identifies the Currency for a country. For example, USD = US Dollar, IQD = Iraqi Dinar
In a straight across redenomination a new series of currency will be released and a new ISO code is issued. There is a trade in period or time frame when both series of currencies will coexist. Once the time frame expires the old series will no longer be valid. Every note in the old series will be taken out of circulation. If Iraq redenominates the 500, 250, and 50 notes will all be removed and will not be valid after the trade in period. Here is how a straight across redenomination will work.
OLD CURRENCY IQD NEW CURRENCY NEW ISO
One 25,000 note old dinars = One 25 note new dinars
One 10,000 note old dinars= One 10 note new dinars
One 5,000 note old dinars= One 5 note new dinars
One 1,000 note old dinars= One 1 note new dinar
Two 500 notes old dinars= One 1 note new dinar
Four 250 notes old dinar= One 1 note new dinar
Twenty 50 notes old dinar= One 1 note new dinar
Keep in mind that the dinar further breaks down in units of fils, Kind of like our dollar breaks down into cents. This will be reflected in the redenomination process.
salah info nie jeneral THX...
tak nampak mana point nak ci kan jadi jutawan nanti...
nie sumber tipu nie...
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[URL="http://carigold.com/portal/forums/showthread.php?t=372882"][SIZE="3"][B][COLOR="BLUE"][CENTER]ΩΩΩ <GEMPAR> MADU HERBA PENAWAR Batuk Kahak, Asma, Kesihatan Dalaman! Testi Page 1!!!Meh sini Beli MADU HERBA HIMALAYA Kualiti TINGGI!!! ΩΩΩ[URL="http://carigold.com/portal/forums/showthread.php?t=369990"][COLOR="Red"]JAM TULEN HARGA MURAH!!![/COLOR][/URL][/CENTER][/COLOR][/B][/SIZE][/URL]
biarlah xda harapan jd jutawan
terima dgn sedanya
sekurang2nya xdala nk tambah dosa
asyik duk ngutuk dan memerli jer kerjanya
jgn putus harapan bro....
org kata, agi idup agi ngelaban
takde rezeki kat iqd, kat gold, silver mungkin lebih cerah...
janji kita tak sakitkan ati orang kan kan...
jgn putus harapan bro....
org kata, agi idup agi ngelaban
takde rezeki kat iqd, kat gold, silver mungkin lebih cerah...
janji kita tak sakitkan ati orang kan kan...
ya betul tu bro
janji xsakit hati org... janji diri sendiri happy
mana ada putus harapan pun...
ni kira side2 jer...
buat keje tetap macam biasa
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