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About slb

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  1. I did as well . It is one of the e-mails listed on his web site.
  2. Worked for me this morning. Second CBI site still showing 1.2 .
  3. Like stated above I may be interested in 500K if by pay pal.
  4. These two are why we need term limits. Who cares what they think!
  5. Let me see if I can summarize,,,,,, We all have no friends and they are listing products in mostly IQD now. How did I do?
  6. Yep. in this case the price seems wrong......
  7. Here is a few....
  8. He pointed out that “the introduction of new currency does not mean the destruction of the old currencies, but it will continue to trade to about ten years,” pointing out that “this period will enable the central bank to withdraw the old currency in accordance with the mechanisms will maintain market liquidity. ” This is the key statement that keeps my hope alive.
  9. They have been saying some form of this since 2011- as in this article..... AKnews reports that the Iraqi Central Bank (ICB) has confirmed it will issue a new bill with a value of 50,000 IQD ($43) but marked as 50 dinars. Deputy chairman of the ICB Dr Muzher Saleh said the bank is working to issue this new money in addition to coins in both Arabic and Kurdish in an effort to address the liquidity problem in Iraq. The largest currency in the country is now 25,000 Iraqi dinars (pictured) and its purchasing power is about $23. The new currency will include symbols that reflect the diversity of Iraq’s sects and cultures including the Kurdish culture. “Iraq needs to support its economy and its currency through the issuance of a currency similar to foreign ones like the $100 bill,” Saleh added. The main tasks of the ICB are to maintain price stability, implement monetary policy, manage reserves of foreign currency, issue and manage the currency and regulate the banking sector. The inflation rate in Iraq stood at 7.3% in September. (Source: AKnews)
  10. I was taking a shot at it.......
  11. Economists Divided Over Deletion Of Zeros Posted by Iraq News Journal on Jan 28, 2014 | Leave a Comment Economists Divided Over Deletion Of Zeros The Central Bank of Iraq (CBI) has been attempting to delete three zeros from the Iraqi currency since 2003. This project has raised many concerns among the Iraqi public and within the business community, and Iraqi economists are divided. While some support the project and consider it a chance to decrease inflation and unemployment, others warn of economic shocks that may prevail over the Iraqi market as a result of the project’s implementation. Following amendments made by the CBI, implementation of the project has been postponed several times. This is because of fears that are mostly related to the lack of security, the presence of a market open to foreign commodities without any restrictions, the prevalence of counterfeit money in the market and rampant corruption in the country. The independent Iraqi News Agency (INA) quoted Abdul Hussein al-Yasiri, a member of the Iraqi parliamentary Finance Committee, as saying that 2014 will witness the deletion of zeros from the Iraqi currency. He noted that the deletion will occur in coordination with the CBI, and that as a result of the project, the number of banknotes in circulation will be reduced from 4 billion to 1 billion. Haider al-Abadi, the head of the Iraqi parliamentary Finance Committee, told Al-Monitor that while deleting zeros from the current currency is possible, this has been postponed until after parliamentary elections. He noted that studies are being carried out to ensure that, following the currency change, counterfeiting is limited and that Iraqis don’t go back to trading in the old currency. The step to delete zeros from the currency has been postponed several times, leading the parliamentary Economic Committee to demand that the CBI accelerate this project, as Al-Sharqiya reported. In a news conference held July 6, the Economic Committee confirmed that the deletion of zeros will lead to an increase in the value of the Iraqi dinar and will have positive repercussions, including a reduction in unemployment and poverty rates in the country.
  12. Click on currency auctions its updated to the 31st.