BLC Admin Tlm - Article: Deletion Of Zeros In 2014 .. Project Is Ready And Implementation Of A Deferred !

[DinarThug]

CNN. Broadcasting A Copy Of The Article With Highlights On Steroids By WalkingStick At Ktfa Followed By A Discussion Of The Article By Tlm - An Admin On BondLady's Site !

 

 

 

(by walkingstick)

Deletion of zeros in 2014 .. project is ready and implementation of a deferred



18/12/2014
Deletion of zeros in 2014 .. project is ready and implementation of a deferred

BAGHDAD / JD / .. affected by the project to delete the three zeroes from the currency unchanged if the rest of the major strategic projects, the unstable security situation in the country, where he was supposed to be implemented early 2014 after the creation of the logistical and technical measures by the central bank, but the deterioration of the situation security in most parts of the country, which saw control of some terrorist groups.


Sparked fears the government and parliament and the Central Bank of the implementation of this major project, which some have described as possibly exploited by outlaws in achieving their ends despicable, prompting the central bank and in agreement with the financial and economic committees Alniabaten to postpone the implementation of the project over four years to come, until the creation of the appropriate security conditions for its implementation.

Member of the Committee on Economy and Investment Attorney Nora Albjara, attributed the lack of implementation of the project to delete the zeros during 2014 to the unstable security situation in the country, as suggested implemented over the next four years.


She Albjara Agency / BD /: "The Central Bank of Finance, Economy and Investment in the House of Representatives and the Committees agreed to postpone the implementation of the project to delete the three zeroes over the next four years, although the central bank completed all technical and logistical procedures relating to the implementation of the project."


She added: "The reason for the postponement of the implementation of the project and not to be applied in 2014, due to the unstable security situation in most parts of the country, especially in the provinces experiencing control organization (Daash), because it may take advantage of the project by the terrorist groups to achieve their goals Katsyev currency or manipulation of the price of exchange which affects the economic situation in the country. "


The central bank had announced in 2012 that the application for the project to delete the zeros will be in early 2014, after being able to complete all procedures related to the stages of implementation of the project Ktba currencies and contracting with companies.


As a member of the Finance Committee MP Jamal Joker, stressed that the large project is not affected by the security situation, the fact that the central bank taking all things into consideration, noting that the process will be in the form of stages, so do not affect the market or citizen.


Some of the House of Representatives and economists Odhu jurisdiction rejecting the idea of ​​postponing the implementation of the project over four years to come, and called on the central bank to apply the project in early 2015, the fact that the project is of strategic projects that need to be implemented because it will overhaul the local currency strengthens.


Joker told / BD /: "The central bank completed all necessary and essential for the implementation of the reform project of the currency measures, which are now ready for implementation, but some parties called for apostponement of this project under the pretext of the security situation."

The member of the Finance Committee, the central bank to implement the project in early 2015 to be implemented in the form of any phases are thrown coins ancient coins and withdrawgradually so do not affect the market and citizens.

The parliamentary finance committee has announced (October 28, 2013), that 2014 will see the implementation of the project to delete the three zeroes from the Iraqi currency, indicating that the deleted will be in coordination with the Central Bank. / End /

http://www.dananernews.com/News_Details.php?ID=5396

 

 

 

 

Deletion of zeros in 2014 .. project is ready and implementation of a deferred 

[tlm724] Deletion of zeros in 2014 .. project is ready and implementation of a deferred 

[tlm724] lets see who is saying this 

[tlm724] Member of the Committee on Economy and Investment Attorney Nora Albjara

[tlm724] ok now we know who is speaking in this first part    

[tlm724] where he was supposed to be implemented early 2014 but did not due to the security situation 

[tlm724] after the creation of the logistical and technical measures by the central bank,

[tlm724] prompting the central bank and in agreement with the financial and economic committees Alniabaten to postpone the implementation of the project over four years to come,
~~~

 

[tlm724] I do NOT take that as waiting another 4 years   Wink   the CBI has said specifically that project will take 4-5 years to be completed

[tlm724] lets look at the other parts

[tlm724] The Central Bank of Finance, Economy and Investment in the House of Representatives and the Committees agreed to postpone the implementation of the project to delete the three zeroes over the next four years,

[tlm724] although the central bank completed all technical and logistical procedures relating to the implementation of the project.

[rsp1] "Do not affect the market or citizen"

[tlm724] the CBI has done everything needed to make it happen and that includes the new notes, they are prepared and we saw them begin already with the disturbtion of the new security notes,

that is part of it all, it was done for 2 reasons, to eliminate counterfeitting and to get more notes out to replace the tattered notes,

the Kurdistn region hardly has any notes at all and the ones they do have they can't use because they are in such bad shape, that is a currency vacuum and if it's happening to the kurds then it is happening in most of the provinces !

[tlm724] even though those notes have the zeros doesn't matter the CBI has what they need to keep going forward with the project

[tlm724] called on the central bank to apply the project in early 2015, the fact that the project is of strategic projects that need to be implemented because it will overhaul the local currency strengthens.

[tlm724] they absolutley need to go forward with this as it will strengthen the nation as a whole and it is part of Abadi's economic reform package of kick azz !

[rsp1] *hallelujah*

[RCS1947] timmie I thought it was a very postive article!

[tlm724] Some of the House of Representatives and economists Odhu jurisdiction rejecting the idea of ​​postponing the implementation of the project over four years to come, and called on the central bank to apply the project in early 2015

[tlm724] RCS1947 indeed it is !

[tlm724] called on the central bank to apply the project in early 2015

[cat] hello !

[tlm724] there are differing opinions on the project and that is what this article is, opinions

[tlm724] The member of the Finance Committee, the central bank to implement the project in early 2015 to be implemented in the form of any phases are thrown coins ancient coins and withdraw gradually so do not affect the market and citizens

[tlm724] so they are saying the gradual introduction of the notes and bubbies coins lol will make the transition easier on the people. As I said earlier we were already aware that the project will take years to complete

[tlm724] I believe the security situation is being handled with the help of the coalition forces and Abadi himself has said it will be under control in a matter of weeks and Jubouri said basically the same thing as you will see in a few minutes.

[tlm724] he has a tight rein on corruption and has pushed for the needed legislation as well, the investment law, product protection law are almost ready and they are working that budget with a fury too !


[tlm724] we should see many things in the coming new year and the project to delete the zero's is one of them !

[tlm724] this is a great opinion piece and as we know PM Abadi was the head of the economic commission, he knows what needs to be done  and we watch him make the nessecary moves everyday ! We are right on the edge of this thing !

We need to watch for the curtain to be lifted and see an increase in the value, even if it's a slight increase thats okay because once it starts it will be like a train coming down the tracks at full speed. Let me show what you a quote from Prime Minister Dr. Haider al-Abadi from yesterday :

Mr. Prime Minister, called on community leaders to take action to help the poorer classes in order to qualify and open new horizons in front of her, warning of the danger of concentration of wealth in a few hands, calling for a fair distribution of wealth and providing equal opportunities for all.

He stressed the need to improve the youth to take responsibility correctly, and that the Iraqi individual has the ability to withstand challenges, and that there is a possibility to come out stronger and more robust after bypass security challenges and the fight against terrorism and the budget and the lack of income  .

http://www.pmo.iq/press/17-12-20142.htm

[tlm724] that there is a possibility to come out stronger and more robust after bypass security challenges and the fight against terrorism and the budget and the lack of income .

[tlm724] come out stronger and calling for a fair distribution of wealth, after the budget

[tlm724] can I get a *hallelujah*  

[oldbarbie] *hallelujah*

[rsp1] *hallelujah*

[cat] hallelujah
~~~

Finance Minister: Budget will reach cabinet next Monday

[tlm724] that the ministerial committee in charge of preparing the budget, completed its work, and will provide the general budget in its final form to the Council of Ministers next Monday .

[tlm724] the government is determined to provide financial budget for next year, before the end of 2014"   

[tlm724] so Monday it tis  Wink

[moneysoon]

I am ready to be surprised. I am not sold on Monday. Maybe Christmas... but 2015 is looking more and more likely.

[Texstorm]

Thanks DT....I like BL, she is not a pumper and her corner always seems to make sense.

[Jaygo]

I feel that it is in ink.. It's just how you interpret it. You can't argue the ink.. Well you can but.....

I feel that it is in ink.. It's just how you interpret it. You can't argue the ink.. Well you can but.....

[Driver]

That's HUGE NEWS !!!!    I'm talking about the font size of course. 

[wbuse984]

Sandlfy Clown...thanks :bump: :bump:

[deniscanada]

Thanx Thug

Its a good thing I have a vision problem, otherwise that would be hard to read.   

[10 YEARS LATER]

THOSE ARE SOME OF THE LOUDEST WORDS I HAVE EVER READ . . . MY EYES ARE STILL VIBRATING !!!!!!!!!!!!!!

 

Oh yeah . . . pull the trigger any time BOYZ .  .  . Daddy's got plans and he's tired of waiting 11 looooong years. Enuff is Enuff; Big Boy pants on - PLAY BALL !!!!!!!!!1

[DinarThug]

Here's Some Guru Chatter On This Article While Ur Bloodshot Eyeballs Recover ...

12-18-2014 Newshound Guru Kaperoni Article: "Deletion of zeros in 2014 .. project is ready and implementation of a deferred..." Let me just express my thoughts on this...and I am sure it get some all up in arms...I am still not 100% convinced that this delete zeros is a good thing for us. And I believe the reference (in other articles) to "monetary illusion" confirms that Shabibi may want to LOP or redenominate. Some articles even said, the people don't want this for there currency but want a strong currency that reflects the true nature of the countries wealth and investment. That being said, I think that is why they keep "kicking the can down the road" on this project. The bank may want it, but if they can get the contracts in place, the laws in place, the process can be what the IMF states "gradual appreciation based on the Balassa-Samuelson effect" rather than a redenomination (monetary illusion). ...I would rather not take the risk of what this is or isn’t. I would rather see what is correct and that is the dinar rise based on the market forces, investment, and economic growth (even if it takes 3-4 more years to achieve a good rate) than take a risk that this is some kind of reward for us.

12-18-2014 Newshound Guru Kaperoni ...there is clearly two plans. It was stated so in mid to late 2012. Since, there was also subsequent confirmations from various articles and such...we can say with certainty there is..."the original plan" and the new..."gradual appreciation (float) plan." The result could very well be the same, only the method is different. No way to know for sure. That being said, I personally want to see the second plan which is to see it rise based on forces (removing the larger notes, etc. as the value increases).

12-18-2014 Newshound Guru Enorrste Article: "Deletion of zeros in 2014 .. project is ready and implementation of a deferred..." I don't think that KAP [Guru Kaperoni...see post below 12-18-14] believes that Shabibi was ever going for a LOP. I agree with KAP. There was an original plan that got massaged into the current plan, which is to float the currency, go to Article VIII, and let natural market forces drive up the rate of the dinar. The issue is when they will begin the float. I can see in this article that there are forces asking for initiation as early as next year, 2015. That was the CBI and parliamentary position as recently as a few months ago. The others who are calling for a 4 year delay are not in a position to make the final decision. I still think all of the forces are in play for a rollout early next year.

12-18-2014 Newshound Guru Administrator Bob Article: "Deletion of zeros in 2014 .. project is ready and implementation of a deferred..." I think what Kap [Guru Kaperoni...see post below 12-18-14] is saying is there is no way to say with absolute certainty the original plan to delete zeros is to our financial benefit. Following monetary policy that allows a countries currency to appreciate based on real factors such low inflation, productivity growth, economic and political stability makes more sense in the long run and would provide absolute assurance that we would profit significantly.

12-18-2014 Newshound Guru tlm724 Press Release: "The Governing Council of the United Nations Compensation Commission, under the Presidency of Australia, held a special session today to consider the issue of the level of Iraq's contributions to the Compensation Fund." Iraq got their wish...they got their one year. This one year reprieval frees up a ton of dough and takes some of the pressure off of Iraq! I'll bet money that Zebari and the gang are like whew now lets get that budget passed. ...it's great news.

[sandfly]

THANKS CLOWN

[jcfrag]

Well now, that is some colorful news clown!!! I don't think Iraq wants to wait any longer than they possibly have to... But then and again, this should have already been done a while back. Abadi just knows how to make that country Iraq and roll like there ain't no tomorrow!!!!

Edited December 19, 2014 by jcfrag

[watercop]

Good job in helping us out all of you and Marry Christmas!!!

[skeetdog]

Thanks DT...''Word''...

[SnowGlobe7]

ty thuggie..Merry Christmas my friend