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Former Deputy In The Finance Committee: The Current Time Is Right To Delete The Three Zeroes From The Local Currency !


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CNN. Broadcasting While Checking The Time !

 

 

 

 Former deputy in the Finance Committee: the current time is right to delete the three zeroes from the local currency

7/25/2015 9:47 
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BAGHDAD / Nina / called a former member of the Finance Committee secretary Hadi al-Yasiri, the central bank to speed up the application of the project to delete the zeros and make it parallel with the money, which began shortly before laundering law. 

Yasiri said the National Iraqi News Agency / Nina / that "the project to delete the zeros old project was supposed enacted and implemented years ago, but some economic matters has affected negatively on the approval, stressing that" the market work and the issue of external and internal debt and the work of the Iraqi Stock Exchange are all related to the deletion of zeros and must Coordination with the government to have the project ready for implementation." 

He added, "The current time is right to implement the project to delete the zeros to be parallel to the process of money laundering and controlling money smuggling operation abroad, adding that "money laundering and smuggling abroad adversely affect the price of the dinar, and a lot of private banks are benefiting from the price difference between the central bank and the market price." 

The Council of Ministers in the previous session postponed the application of the decision to delete the zeros from the current currency, without specifying a time limit before they resume the parliamentary finance committee and the central bank steps discuss implementation of the resolution at the current session on the 2016 early next year, will be introduced in principle ./anthy8 




http://translate.google.com/translat...253d&sandbox=1

 

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Increase the exchange rate first, collect all 000's notes and at the same time introduce the lower denomination notes.!

The CBI has been collecting 000's notes for long time... Reducing the note count.

 

That has been somewhat my understanding of this collection process for a few years, starting with the first major collection of the 50 Dinar note back in April?

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Here's BondLady's Admin Tlm's Comments On It ...

 

 

 

Former deputy in the Finance Committee: the current time is right to delete the three zeroes from the local currency

[tlm724] called a former member of the Finance Committee secretary Hadi al-Yasiri, the central bank to speed up the application of the project to delete the zeros and make it parallel with the money

[tlm724] which began shortly before laundering law

[tlm724] hmm thats an interesting statement !

[tlm724] "the project to delete the zeros old project was supposed enacted and implemented years ago, but some economic matters has affected negatively on the approval

[tlm724] project was supposed enacted and implemented years ago,

[tlm724] no kidding  

[tlm724] stressing that" the market work and the issue of external and internal debt and the work of the Iraqi Stock Exchange are all related to the deletion of zeros and must Coordination with the government to have the project ready for implementation.

[tlm724] a coordinated effort no doubt, remember Shabibi said he could do it easily by computer program that would adjust the pricing

[tlm724] "The current time is right to implement the project to delete the zeros to be parallel to the process of money laundering and controlling money smuggling operation abroad,

[tlm724] so he suggests delete the zero's while implementing the anti-money laundering law

[cat] tlm724 yes

[tlm724] The Council of Ministers in the previous session postponed the application of the decision to delete the zeros from the current currency, without specifying a time limit

[tlm724] discuss implementation of the resolution at the current session on the 2016 early next year, will be introduced in principle

[tlm724] there seems to be a concensus among the economist that the time is about right, not all but many are saying it is time
   

[tlm724] adding that" money laundering and smuggling abroad adversely affect the price of the dinar, and a lot of private banks are benefiting from the price difference between the central bank and the market price.

[tlm724] the lions share of that ^^^ will stop when they use a single currency

~~~

Parliamentary Economy: Investment Law will be amended for the third time in order to suit the conditions of the country

[tlm724] confirmed Monday that the Investment Law No. 13 of 2006 will be amended for the third time in order to keep pace with the evolution in investment

[tlm724] revealed that sessions Council next House of Representatives will vote on the law.

[tlm724] *hallelujah* Very Happy

[tlm724] "the launch of the third amendment to the investment law to work effectively it is possible to happen a quantum leap in the field of investment

[tlm724] I love quantum leaps !

~~~

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How would the Former deputy in the Finance Committee know the time is right to delete the zeros? Why would we listen to the former deputy in Finance?

probably still has friends in high places.........somethng tells me we are in a good spot, maliki needs to get arrested, you will see the final needed laws past in short order, then monetary reform should start moving forward swiftly, JMHO...............aug has things cooking in our favor.

Edited by chinadawg
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