Return to delete the zeros of the Iraqi dinar

[Smokeyblizzard]

11 - 23 - 2014

 

"The decision of zeros and a broad debate between supporters and opponents .. We wish debate broader in universities and the House of Representatives and the rest of the institutions ... but an explanation of image, sound and cartoons to prepare the public for this process. However, Valenqashat healthy phenomenon for mature opinion. Especially with the availability of all the information, such as the money supply and the number of securities and cash exchange rates and others. When the basic information for any file is available, the debate becomes positive, and not just rumors and controversies in newspaper headlines and news bar.

Objections to cancel the zeros process addressed the likelihood of fraud. She cited the changing currency (15/10 / 2003- 15/1/2004), which were marred by a stampede -okasr Madh- No doubt, some of the fraud, despite the fact that this process has allowed them to achieve many things ..

1. currency unification of major currencies instead of at the time, a Swiss dinar and Saddam dinar and the dollar .. except many other traded in certain areas Kaltoman Iranian and Turkish Lira and the Jordanian dinar.

2. The single currency has allowed the organization of a successful monetary policy of the Central Bank in difficult circumstances .. lifted Iraq reserves from scratch to reach 58 billion US dollars a day .. and controlling inflation exceeded three figures before 2003 .. and reached 75% per year four years ago to reach today .. to 5.2% per annum .. and maintain currency stability and strength .. which was born tranquility markets and transactions .. The basic goals of cash does not diminish that some of the gaps and mistakes.

3. It must be recognized that the central bank restored some of the people's money for the people .. as calculated value of 1500 dinars = dollars when changing currency and its value today .. 1180 dinars to the dollar .. any regained every citizen the equivalent of 21.3% of its cash holdings. Unlike previous policies that ate monetary assets to reach the 3,000 dinar / dollar and more.

The objections about the difficulties of the replacement process .. Vsttrah the new currency, and the two currencies will coexist for a year or two. And is withdrawn with zeros gradually whenever reach of banks, you will not get to defend .. but may allow the process to disclose fraud traded currency today .. The objections costs, the printing papers with less (1000) times the securities traded would be more feasible necessarily, knowing that copyright is an ongoing process annually for the withdrawal of the damaged leaves or to increase the money supply.

Zeros from the currency's value will not change, and will help to ease currency trading and fragmentation, storage and calculated .. This is a good qualities of the coin, which, of course, the most important of stability and confidence in them. "

 

http://goo.gl/6zA44k

 

 

[Rhona]

This I think is a repeat of a older article

[WheresmyRV?]

These deletion of the zero articles just won't go away.

[Laid Back]

The two currencies will coexist for a year or two. And is withdrawn with zeros gradually whenever reach of banks,

Woooohoooo.!!!

If the CBI increase the exchange rate $1:1.13 my 000's notes will be the first ones reaching the bank.

Go increase exchange rate

[zul]

I think this is key - "Zeros from the currency's value will not change".

What that means is, eventho the new currency will not have 3 zeros (3 zeros deleted ), the zeros from the currency (the one that we hold) will not change.

[Laid Back]

I think this is key - "Zeros from the currency's value will not change".

What that means is, eventho the new currency will not have 3 zeros (3 zeros deleted ), the zeros from the currency (the one that we hold) will not change.

Zul, I agree with you.

Increase the exchange rate, collect all 000's notes in 2 years and at the same time introduce the lower Denomination notes

[Texas1]

These deletion of the zero articles just won't go away.

Lol. I'm over it too

[sandfly]

THANKS

[zul]

Zul, I agree with you.

Increase the exchange rate, collect all 000's notes in 2 years and at the same time introduce the lower Denomination notes

Exactly

[unirod]

It is agreed then. Our currency with 000 zeros retain their value.

[Laid Back]

Correct unirod, our 000's notes will retain their value.

This is a HUGE piece of the puzzle. I'm surprise not many people has pay attention to this article

Go increase exchange rate.!

[Butifldrm]

These deletion of the zero articles just won't go away.

 

What's interesting about this article is the author.

 

Return to delete the zeros of the Iraqi dinar

Adel Abdul-Mahdi - 11/23/2014 - 0:40 | Hits: 906

18/10/2011 wrote in the opening below, I saw a useful re-published: 

 

http://translate.google.com/translate?hl=en&sl=ar&u=http://aladalanews.net/%3Fshow%3Dnews%26action%3Dcat%26id%3D24&prev=search

Edited November 25, 2014 by Butifldrm