Unlike political economist on the deletion of zeros from the currency, and experts are putting the decision, however, the central

[yota691]

 

 

CDs of the Iraqi currency in a bank

Unlike political economist on the deletion of zeros from the currency, and experts are putting the decision, however, the central

 

Author: AHF, MJ 
Editor: AHF, HH 9/20/2014 11:58Number of readings: 151 

 

Long-Presse / Baghdad

Counting Economists, on Saturday, the deletion of zeros from the Iraqi currency trend "sensitive and dangerous" in light of the situation, which passes through the country, and while Okdakharon that the process is left to the decision of the CBI for being concerned only in the monetary policy of the country, he stressed deputies in the Parliament on the need to be the process of deletion of zeros techniques and procedures in accordance with the sound.

He said the former deputy governor of the Iraqi Central Bank Mazhar Mohammad Saleh in an interview to the (long-Presse), "The time is not ripe for the implementation of the policy of the central bank with regard to the deletion of zeros from the local currency, because this process needs to political and security stability, and Iraq today are exposed to terrorize large and fierce war , "noting that" the process of monetary reform of this magnitude take place in conditions of peace and significant economic growth. "

Saleh added that "this issue is sensitive and dangerous and should be avoided, and can be applied at least in the medium term through the next two years."

For his part, Undersecretary of the Ministry of Planning Mahdi Keywords in an interview to the (long-Presse), that "this issue is linked to the expertise and advice that enjoyed by the CBI when it decides to delete the zeros."

He explained: "It perhaps this trend is not a priority for the central bank during this period," attributing it to "the lack of significant effects for the deletion of zeros on the overall economic activity now."

He pointed out that the relationship "This measure is one of the phenomena that must pay attention to it Petrhik display the currency."

For his part, President of the Association of Iraqi banks Adnan Chalabi said in an interview to the (long-Presse), "The process of deleting the zeros belonging to the Central Bank of Iraq alone," noting that "this process needs to techniques and technical aspects, we can not interfere with the central bank is alone on this It's because it is monetary policy. "

In turn predicted MP Ali Fayad said in an interview to the (long-Presse), that "the coming times may provide a base for building a new economy by changing the currency and delete the zeros of some of them."

Fayad confirmed that "This measure will give durability and optimism strongly the Iraqi currency," stressing the need to "be subject to the mechanics and relevant experts in the field of banking and monetary aspects of the economy, and must be accurate so as not to affect the local economy."

 For his part, former MP Abdul Xiaa Sudanese in an interview with the (long-Presse), said that "it is very important that the current government to delete the zeros from the currency," noting that "the previous government was not able to perform this operation, although it reached its final stages, but fell After that deteriorated the Iraqi currency in 2012. "

He pointed out that the Sudanese "the deletion of zeros from the currency needs to stabilize the currency and this is currently available in Iraq."

 The Finance Committee of the House of Representatives unveiled in the former, (August 15, 2013), the postponement of the process of deletion of zeros from the currency until after the next parliamentary elections, while confirming that the government has demanded guarantees for the non-return of the currency markets and substituted falsified.

The CBI emphasized, in the (April 25, 2013), that there is no intention at this time to restructure the currency and deleting three zeros of them, denying the reports in this regard.

Referred to the General Secretariat of the Council of Ministers announced (April 12, 2012), wait for the application process to delete the zeros from the national currency, which had to stop all actions relating to the operation mentioned until further notice.

It is noteworthy that some economists believe that Iraq is not formatted for the time being to delete the zeros from the dinar, pointing out that the deletion needs to stabilize the political and security as well as stability Alaguetsada.okan CBI confirmed, (in the July 3, 2013) that Iraq is "in control of his money The treasury of gold "in global banks, which of acting out, denying" the existence of frozen funds outside the control of the Iraqi administration, "While revealed that the Bank reserves reached 76 billion dollars in the month of May last year, counting out of Chapter VII that" will allow Iraq's freedom to act to attract more foreign investment. "

The International Monetary Fund, announced, in the (March 23, 2013), that the financial balances preventive in the Development Fund for Iraq rose in 2012 to 18 billion dollars, and the cash reserves of the Central Bank of hard currency to 70 billion dollars, and pointed out that this increase came from the "revenue oil unexpected ", called on the Iraqi government to end the control of the state-owned banks on the banking sector, he stressed the need for the strengthening of Iraq's public financial institutions to ensure efficiency and transparency in the use of oil revenues.

Predicted USAID, in (December 3, 2012) that leads the Iraqi economy, the Arab countries during the five years, asserting that Iraq possessed all the qualifications to be a strong state Aqtsadia.oihol Iraq for years to attract foreign capital to develop its economy in the fields of industry, especially those related to oil housing and oil and gas extraction, and so need of the funds needed for infrastructure development and reconstruction, but Mariqben assert that lack of interest in the state to the private sector and the absence of investment laws which guarantees large investors and the absence of other laws are still obstacles to the development of the economy in the form required.

Depends Iraq, which has the fourth largest oil reserves in the world at 95 percent of its annual budget on its oil exports and currently produces about 2.0009 million barrels a day, while the issue up to 2.0002 million barrels a day.

The UN Security Council votes, Thursday (the 27th of June 2013), a unanimous decision to remove Iraq from Chapter VII, after more than two decades of sanctions imposed in the wake of which the invasion of the former regime of Kuwait in the second of August, 1990.

[gregp]

GM Yota. I feel like Maliki held me down, and Obummer kicked me in the teeth.

[dontlop]

I just can't believe people are so dumb

Here they are telling us their going to some day delete the zeros off the currency and were all going to be millionares of a couple thousand dollar investment and everyone else is to dumb o buy some dinar

It's right here on the Internet

They are going to delete th zero

I hope all the smart people have taken out loans sold their homes and talked as many people possible in their own family's and neighborhoods to buy up as much dinar as they can borrow money for

And go to work and show everyone these articles and tell them to do the same

The are deleting the zeros it's out in the public domain and if you can read you can be rich

Iraq is announcing it right out in the open before they do it so everyone can be rich in the world

We can get aliens to do our yard work

I m going to be sorry some day that I sold 99% of my dinar in july

Some times these smart people just can't be helped they just keep running in to the same wall over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over

[Mammaw]

Thanks Yota, I loved the part where you highlighted that the previous gov got to the final stage and couldn't implement. Which goes to show the information that was coming out that we were right there was correct. It just didn't happen...at that time. This looks promising. I hope it is. Would be nice if they were able to complete the process any day. Do you think they sometimes don't realize there are a lot of people out here reading their every word? As though they let the cat out of the bag and think only some of the locals are taking it in... Well, we appreciate you bringing it over. Very encouraging to say the least.

[dontlop]

Y'all have a nice day now

[MyLadiesDaddy]

Y'all have a nice day now

As smart as you are my friend, you're saying that you don't know what an opinion

piece is?

A couple of days ago Buti,or Tbomb gave a link to an IMF download of a situation

report on Iraq in 2013. 59 pages, and a very interesting read. Contained within this

Report was the staff recommendation , in explicit detail, on how to begin,"FLOATING",

the Iraqi currency. The fact that they have now reprinted the ten thousand dinar notes

Strongly suggest that is exactly what Iraq intends to do. The issue that the Staff

had was some technical difficulties with the CBI making money transfers more easily

accessible to international investors. And something to do with money laundering

and terrorists financing. Apparently there international standards set up for such

issues. We have witnessed in the last year these banking issues being resolved.

The only other issue was security and strong government. We are seeing both coming

to bear as we speak. But it should be noted, according to the Staff report only the

BANKING ISSUES that prevented the float.

There are clearly many people like Maliki, Sadr and Iran that don't want this to happen.

But it is my PERSONAL BELIEF that beginning from September 25th through September

13 of next year you most definitely will witness a more accurate, market based FLOAT

being I initiated.

PRAY FOR REVIVAL EVERYDAY

9-28-2014

[moneysoon]

Right On, LGD

[rockfl9]

Be careful of what you wish for!

Iraq cannot float the dinar until it is TRADEABLE. But if it does become tradeable ( a la FOREX) then demand TO BUY is the deternining factor. I think the value would fall. 

[yota691]

Y'all have a nice day now

Wait till I get this other article I found translated that seems it talking about the lower demons..the 5, 10, 25, and 50...your really going to be fuming with that...it really gonna raise that blood pressure of yours....  any way I hoping to get it back soon.... ..and post it....  

[dontlop]

I can't wait

My uncle just ordered 100 million dinars

We are going to be rich!

I don't want no float I want a rv

Wait till I get this other article I found translated that seems it talking about the lower demons..the 5, 10, 25, and 50...your really going to be fuming with that...it really gonna raise that blood pressure of yours....  any way I hoping to get it back soon.... ..and post it....  

Yep I seen it already yota

Couple days ago

I was fuming

Talkin about those lower denoms

It's just like that religious truck driver says its just a opinion article

It's not news till it happened

They don't pre announce it they just talk about it so we can get the inside scoop so we can get rich off it

Be careful of what you wish for!

Iraq cannot float the dinar until it is TRADEABLE. But if it does become tradeable ( a la FOREX) then demand TO BUY is the deternining factor. I think the value would fall.

The Iraqi dinar has never been tradable , it's always been a local currency

But they can trade it

If some one wants to trade it

I did

I traded 670 dollars for a million dinars in 2005

I paid a heavy fee for the trade losing some dollars for it at the time , I wanted it so bad

But it came back after a few years

I came out even

Because I sold it back they didn't like the dollars to much

They charged me a fee to sell them back too

I thought I was going to be rich in 2005 & 2006 & 2007 & 2008 &2009 & 2010 & 2011 & 2012 &2013 & 2014

But I wasn't

And now I'm fuming

Ah ha ha ha ha ha ha ha ha ha

[steveflex7]

Why are you even here bro? Lol

[MyLadiesDaddy]

DL.

Please friend, I would prefer not to be referred to as, "RELIGIOUS".

SPIRITUAL would be more correct, as I am a born again; bought by the blood of Christ,

Holy Spirit filled Christian. Suffice it to say I 100% absolutely, totally and unequivocally

despise RELIGION.

Religion is man attempting to get closer to God.

Jesus Christ is God's way of getting closer to man.And that through faith ALONE.

I have always respected you and have never insulted you. I find your input very

worthwhile, but when you call me a, "religious truck driver",I can think of nothing more

disrespectful nor insulting.

As for as the subject matter of the thread, I was merely pointing out what the

IMF intentions are. Nevertheless, we both know that the CBI has the FINAL say

and by law can do WHATEVER they want.

PRAY FOR REVIVAL EVERYDAY

9-28-2014

LGD your EVANGELICAL TRUCK DRIVER.

[dontlop]

DL.

Please friend, I would prefer not to be referred to as, "RELIGIOUS".

SPIRITUAL would be more correct, as I am a born again; bought by the blood of Christ,

Holy Spirit filled Christian. Suffice it to say I 100% absolutely, totally and unequivocally

despise RELIGION.

Religion is man attempting to get closer to God.

Jesus Christ is God's way of getting closer to man.And that through faith ALONE.

I have always respected you and have never insulted you. I find your input very

worthwhile, but when you call me a, "religious truck driver",I can think of nothing more

disrespectful nor insulting.

As for as the subject matter of the thread, I was merely pointing out what the

IMF intentions are. Nevertheless, we both know that the CBI has the FINAL say

and by law can do WHATEVER they want.

PRAY FOR REVIVAL EVERYDAY

9-28-2014

LGD your EVANGELICAL TRUCK DRIVER.

Sorry I just thought you were a religious truck driver

[MyLadiesDaddy]

It's all good brother.

I just prefer evangelical truck driver. LOL

PRAY FOR REVIVAL EVERYDAY

9-28-2014

[calkid11]

Thank you

[SocalDinar]

New meaning for RTD

LMAO thanks for the laugh

[MyLadiesDaddy]

Ya know what they say,

HE WHO LAUGHS LAST.

PRAY FOR REVIVAL EVERYDAY

9-28-2014

LGD your EVANGELICAL TRUCK DRIVER

ETD

[skeetdog]

Thanks Yota...''Word''...

[kenshin7]

Well in my opinion this is probably the most important sentence in the document. To me this raises many questions now , they may have something else in mind .


In turn predicted MP Ali Fayad said in an interview to the (long-Presse), that "the coming times may provide a base for building a new economy by changing the currency and delete the zeros of some of them."

 

Edited September 21, 2014 by kenshin7

[yota691]

Economists and the time is appropriate for the central deletion of zeros from the Iraqi currency

 

September 21, 2014 10:41   Last Updated: September 21, 2014 10:41

 

 

 

 

Counting Economists, on Saturday, the deletion of zeros from the Iraqi currency trend "sensitive and dangerous" under conditions which passes through the country, while others stressed that the process is left to the decision of the CBI for being concerned only in the monetary policy of the country, he stressed deputies in the Parliament on the need to The process of deletion of zeros in accordance with the techniques and procedures Slama.bhsp newspaper term

He said the former deputy governor of the Iraqi Central Bank the appearance of Mohammed Saleh said that "the time is not ripe for the implementation of the policy of the central bank with regard to the deletion of zeros from the local currency, because this process needs for political and security stability, and Iraq today are exposed to terrorize large and fierce war," noting that "the process of monetary reform of this magnitude take place in conditions of peace and economic growth, great. "

Saleh added that "this issue is sensitive and dangerous and should be avoided, and can be applied at least in the medium term through the next two years."

For his part, Undersecretary of the Ministry of Planning Mahdi Keywords that "this issue is linked to the expertise and advice that enjoyed by the CBI when it decides to delete the zeros."

He explained: "It perhaps this trend is not a priority for the central bank during this period," attributing it to "the lack of significant effects for the deletion of zeros on the overall economic activity now."

He pointed out that the relationship "This procedure is a phenomena that must pay attention to it Petrhik display the currency."

For his part, President of the Association of Iraqi banks Adnan Chalabi, said that "the process of deleting the zeros belonging to the Central Bank of Iraq alone," noting that "this process needs to techniques and technical aspects, we can not interfere with the central bank is alone on this matter because it is monetary policy."

In turn, predicted that MP Ali Fayad, "The times ahead may provide a base for building a new economy by changing the currency and delete the zeros of some of them."

Fayad confirmed that "this procedure will give durability and strongly hopeful Iraqi currency," stressing the need to be "subject to mechanisms and relevant experts in the field of banking and monetary aspects of the economy, and must be accurate so as not to affect the local economy."

For his part, former MP Abdul Xiaa Sudanese that "it is very important that the current government to delete the zeros from the currency," noting that "the previous government was not able to perform this operation, although it reached its final stages, but retreated after that deteriorated the Iraqi currency in 2012 ".

He pointed out that the Sudanese "the deletion of zeros from the currency needs to stabilize the currency and this is currently available in Iraq."

The Finance Committee of the House of Representatives unveiled in the former, (August 15, 2013), the postponement of the process of deletion of zeros from the currency until after the next parliamentary elections, while confirming that the government has demanded guarantees for the non-return of the currency markets and the substituent to forge.

The CBI emphasized, in the (April 25, 2013), that there is no intention at this time to restructure the currency and deleting three zeros of them, denying the reports in this regard.

Referred to the General Secretariat of the Council of Ministers announced (April 12, 2012), wait for the application process in the deletion of zeros from the national currency, which had to stop all actions relating to the operation mentioned until further notice.

It is noteworthy that some economists believe that Iraq is not formatted for the time being to delete the zeros from the dinar, pointing out that the deletion needs to stabilize the security and political as well as economic stability. The CBI emphasized, (in the July 3, 2013) that Iraq is "in control of his money and treasury of gold" in global banks, one of the acting out, denying "the existence of frozen funds outside the control of the Iraqi administration," While revealed that the Bank reserves amounted to (76) billion dollars in the month of May last year, counting out of Chapter VII that "Iraq will allow for more freedom to act to attract foreign investment."

The International Monetary Fund, announced, in the (March 23, 2013), that the financial balances preventive in the Development Fund for Iraq rose in 2012 to 18 billion dollars, and the cash reserves of the Central Bank of hard currency to 70 billion dollars, and pointed out that this increase came from the "revenue oil unexpected ", called on the Iraqi government to end the control of the state-owned banks on the banking sector, he stressed the need for the strengthening of Iraq's public financial institutions to ensure efficiency and transparency in the use of oil revenues.

Predicted USAID, in (December 3, 2012) that leads the Iraqi economy, the Arab countries during the five years, asserting that Iraq possessed all the qualifications to be a powerful country economically.Iraq is trying for years to attract foreign capital to develop its economy in the fields of industry, especially those related to oil, housing, and oil and gas extraction, and to his need of the funds needed for infrastructure development and reconstruction, but observers contend that the lack of interest of the state to the private sector and the absence of investment laws which guarantees large investors and the absence of Other laws are still obstacles to the development of the economy in the form required.

Depends Iraq, which has the fourth largest oil reserves in the world at 95 percent of its annual budget on its oil exports and currently produces about 2.0009 million barrels a day, while the issue up to 2.0002 million barrels a day.

The UN Security Council votes, Thursday (the 27th of June 2013), a unanimous decision to remove Iraq from Chapter VII, after more than two decades of sanctions imposed in the wake of which the invasion of the former regime of Kuwait in the second of August 1990

Yep I seen it already yota

Couple days ago

 

you not seen the article I'm referring to.....still waiting on translation...

[moneysoon]

Mornig Yota and DV,

 

Bring on the good news for the week. I am ready!

[MANNY99]

 

Economists and the time is appropriate for the central deletion of zeros from the Iraqi currency

 

September 21, 2014 10:41   Last Updated: September 21, 2014 10:41

 

 

 

 

Counting Economists, on Saturday, the deletion of zeros from the Iraqi currency trend "sensitive and dangerous" under conditions which passes through the country, while others stressed that the process is left to the decision of the CBI for being concerned only in the monetary policy of the country, he stressed deputies in the Parliament on the need to The process of deletion of zeros in accordance with the techniques and procedures Slama.bhsp newspaper term

He said the former deputy governor of the Iraqi Central Bank the appearance of Mohammed Saleh said that "the time is not ripe for the implementation of the policy of the central bank with regard to the deletion of zeros from the local currency, because this process needs for political and security stability, and Iraq today are exposed to terrorize large and fierce war," noting that "the process of monetary reform of this magnitude take place in conditions of peace and economic growth, great. "

Saleh added that "this issue is sensitive and dangerous and should be avoided, and can be applied at least in the medium term through the next two years."

For his part, Undersecretary of the Ministry of Planning Mahdi Keywords that "this issue is linked to the expertise and advice that enjoyed by the CBI when it decides to delete the zeros."

He explained: "It perhaps this trend is not a priority for the central bank during this period," attributing it to "the lack of significant effects for the deletion of zeros on the overall economic activity now."

He pointed out that the relationship "This procedure is a phenomena that must pay attention to it Petrhik display the currency."

For his part, President of the Association of Iraqi banks Adnan Chalabi, said that "the process of deleting the zeros belonging to the Central Bank of Iraq alone," noting that "this process needs to techniques and technical aspects, we can not interfere with the central bank is alone on this matter because it is monetary policy."

In turn, predicted that MP Ali Fayad, "The times ahead may provide a base for building a new economy by changing the currency and delete the zeros of some of them."

Fayad confirmed that "this procedure will give durability and strongly hopeful Iraqi currency," stressing the need to be "subject to mechanisms and relevant experts in the field of banking and monetary aspects of the economy, and must be accurate so as not to affect the local economy."

For his part, former MP Abdul Xiaa Sudanese that "it is very important that the current government to delete the zeros from the currency," noting that "the previous government was not able to perform this operation, although it reached its final stages, but retreated after that deteriorated the Iraqi currency in 2012 ".

He pointed out that the Sudanese "the deletion of zeros from the currency needs to stabilize the currency and this is currently available in Iraq."

The Finance Committee of the House of Representatives unveiled in the former, (August 15, 2013), the postponement of the process of deletion of zeros from the currency until after the next parliamentary elections, while confirming that the government has demanded guarantees for the non-return of the currency markets and the substituent to forge.

The CBI emphasized, in the (April 25, 2013), that there is no intention at this time to restructure the currency and deleting three zeros of them, denying the reports in this regard.

Referred to the General Secretariat of the Council of Ministers announced (April 12, 2012), wait for the application process in the deletion of zeros from the national currency, which had to stop all actions relating to the operation mentioned until further notice.

It is noteworthy that some economists believe that Iraq is not formatted for the time being to delete the zeros from the dinar, pointing out that the deletion needs to stabilize the security and political as well as economic stability. The CBI emphasized, (in the July 3, 2013) that Iraq is "in control of his money and treasury of gold" in global banks, one of the acting out, denying "the existence of frozen funds outside the control of the Iraqi administration," While revealed that the Bank reserves amounted to (76) billion dollars in the month of May last year, counting out of Chapter VII that "Iraq will allow for more freedom to act to attract foreign investment."

The International Monetary Fund, announced, in the (March 23, 2013), that the financial balances preventive in the Development Fund for Iraq rose in 2012 to 18 billion dollars, and the cash reserves of the Central Bank of hard currency to 70 billion dollars, and pointed out that this increase came from the "revenue oil unexpected ", called on the Iraqi government to end the control of the state-owned banks on the banking sector, he stressed the need for the strengthening of Iraq's public financial institutions to ensure efficiency and transparency in the use of oil revenues.

Predicted USAID, in (December 3, 2012) that leads the Iraqi economy, the Arab countries during the five years, asserting that Iraq possessed all the qualifications to be a powerful country economically.Iraq is trying for years to attract foreign capital to develop its economy in the fields of industry, especially those related to oil, housing, and oil and gas extraction, and to his need of the funds needed for infrastructure development and reconstruction, but observers contend that the lack of interest of the state to the private sector and the absence of investment laws which guarantees large investors and the absence of Other laws are still obstacles to the development of the economy in the form required.

Depends Iraq, which has the fourth largest oil reserves in the world at 95 percent of its annual budget on its oil exports and currently produces about 2.0009 million barrels a day, while the issue up to 2.0002 million barrels a day.

The UN Security Council votes, Thursday (the 27th of June 2013), a unanimous decision to remove Iraq from Chapter VII, after more than two decades of sanctions imposed in the wake of which the invasion of the former regime of Kuwait in the second of August 1990

you not seen the article I'm referring to.....still waiting on translation...

 

[dontlop]

I wonder who's writing these stories

They really need to reduce the money supply before they add much value to it

The trade balance is important

The Iraqi people can't all the sudden have trillions of dollars to spend over seas

They would destroy the dinar in a week if the did

So I'd like to see some dollarization or de dollarization articles

Maybe they can write some of those for us

[SteveG]

Dontlop you’ve been wrong so many times no one cares about your opinion or sarcasm any more. Please give up trying to be a guru wannabe, you’re a troll with no life and no Dinars so find a new mission and soapbox nobody here needs you. 

[dontlop]

Dontlop you’ve been wrong so many times no one cares about your opinion or sarcasm any more. Please give up trying to be a guru wannabe, you’re a troll with no life and no Dinars so find a new mission and soapbox nobody here needs you.

Ok Stevie

You can tell people what to do

" if " they listen to ya then your successful

But if they ignore what you say like I'm going to do

Your words don't mean any thing do they ?

Just a waste of time and space

Little advice

Don't waste your time trying to tell me what to say or do

It won't work