dinarbeleiver Posted April 19, 2018 Report Share Posted April 19, 2018 another site Intel Report (ACIR) 04/18/2018 In the course of the next few months you may quite possibly see media reporting about a delete the zeros project. According to the intel I have, as well as info I received today from a banker, the delete the zeros project is going to be progressing at a much faster pace, and word has it that new information will be published after Ramadan. In February 2012, the Central Bank of Iraq (CBI) circulated reports to the Baghdad media that they were going to introduce three new banknotes. They were reported as follows; the 50, 100, and 200 Iraqi dinar currency. The reports also made mention of coins however, coins are not very popular with the Iraqi’s. So, who can tell, it may or may not happen with the coins. Everything from this point on is riding on the upcoming national and local elections (May 12). There appears to be a vast more supporters than not for the delete the zero’s project. The CBI would like to gain control and lower the inflation and boost the economy. At least that is their intention. The company that will be printing the new bank notes has already been selected, the authorization is the only delay in moving forward with the print. You may see some action possibly after the elections, depending on which party has control of the government. The Iraqi parliament will have to vote on the delete the zeros project given that they did not get the opportunity in 2012. The Iraqi cabinet stopped it because they believed the economic climate was not yet ready. The GOI has had concerns about the mafia gangs inside Iraq that are taking advantage of the situation. But that’s a whole separate issue they need to tackle. Oil prices are continuing to go up and businesses are returning although cautiously and investing in startups and existing companies. You will learn of the delete the zeros project getting ready to be implemented when you read that there is an education campaign going on inside Iraq. The education campaign will consist of news media, flyers, and radio advertising to get the word out. The CBI wants to make sure that everyone is informed about the delete the zeros project. The banking system in Iraq is not up to par with 21stcentury banking standards. There is a plan in place to modernize the banking. The CBI does not care to see the Islamic banks outperforming the other banks. The counterfeit dinar problem continues to be an issue. In Iraq, every bank manager turns in all of the counterfeit notes that he encounters from his depositors each week to the Central Bank of Iraq (CBI). The bank is rewarded for this and receives a credit from the CBI. 3 1 1 6 Quote Link to comment Share on other sites More sharing options...
dinarbeleiver Posted April 19, 2018 Author Report Share Posted April 19, 2018 From AC 2 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted April 19, 2018 Report Share Posted April 19, 2018 2 hours ago, dinarbeleiver said: The banking system in Iraq is not up to par with 21stcentury banking standards. There is a plan in place to modernize the banking. The CBI does not care to see the Islamic banks outperforming the other banks. Thank You, DinarBeleiver, AND The Best Of Your Morning To You!!! My opinion is this statement is very outdated. Various current Iraqi News Articles have indicated otherwise. This statement was true at one time but no longer. In The Mean Time.................... Go Moola Nova (YEAH, BABY!!!)!!! 1 5 Quote Link to comment Share on other sites More sharing options...
dinarbeleiver Posted April 19, 2018 Author Report Share Posted April 19, 2018 32 minutes ago, Synopsis said: Thank You, DinarBeleiver, AND The Best Of Your Morning To You!!! My opinion is this statement is very outdated. Various current Iraqi News Articles have indicated otherwise. This statement was true at one time but no longer. In The Mean Time.................... Go Moola Nova (YEAH, BABY!!!)!!! Defo agree with that part but the rest of it seems ok. AC has been pretty much spot on over the years. He is one person who I trust with his contacts. The education program has definitely got to start before we see the RV 1 1 Quote Link to comment Share on other sites More sharing options...
jeepguy Posted April 19, 2018 Report Share Posted April 19, 2018 3 hours ago, Botzwana said: Well AC is on record that he believes in a lop. Is that " stop, drop, and lop ". Hahahaha 3 Quote Link to comment Share on other sites More sharing options...
WheresmyRV? Posted April 19, 2018 Report Share Posted April 19, 2018 I believe their banking system is just about up to par with the rest of the world and if we wait for parliament to pass through the deletion of the zeros we could be here for a while more. Quote Link to comment Share on other sites More sharing options...
King Bean Posted April 19, 2018 Report Share Posted April 19, 2018 From a different viewpoint ( IMHO ) the delete the zeroes is a process, not a law. The CBI would make the decision after approval of the IMF and COM, mainly the PM and Minister of Finance. HOR may be 'informed' but they don't need to pass anything ( as they do nothing anyway ). It may be September before there is full parliament assembly and they get their political shiz together. And if we remember earlier last year, the CBI said they had been given the 'green light' to proceed. Then last month said they were 'ready'. But just in case, let me check my Magic 8 Ball................... 4 2 1 Quote Link to comment Share on other sites More sharing options...
jeepguy Posted April 19, 2018 Report Share Posted April 19, 2018 Haha , shake it again , king beans 2 Quote Link to comment Share on other sites More sharing options...
boosterbglee Posted April 19, 2018 Report Share Posted April 19, 2018 Shake....... the ball...please! 2 Quote Link to comment Share on other sites More sharing options...
slb Posted April 19, 2018 Report Share Posted April 19, 2018 It had one job...... 3 Quote Link to comment Share on other sites More sharing options...
King Bean Posted April 19, 2018 Report Share Posted April 19, 2018 2 hours ago, jeepguy said: Haha , shake it again , king beans 45 minutes ago, boosterbglee said: Shake....... the ball...please! 24 minutes ago, slb said: It had one job...... OK. OK. Man, you folks are relentless. Relentless. 2 5 1 Quote Link to comment Share on other sites More sharing options...
jeepguy Posted April 19, 2018 Report Share Posted April 19, 2018 Hahahaha , thanks buddy ! 1 1 1 Quote Link to comment Share on other sites More sharing options...
rissas dad Posted April 20, 2018 Report Share Posted April 20, 2018 Botzwana is correct, this person absolutely said a lop was going to happen. When i read this today, my first thought was wtf is this guy talking about here? King Bean is also spot on. Parliament has no such vote on the project. The cbi has control. Influenced by other forces yes but its ultimately up to the cbi. 2 Quote Link to comment Share on other sites More sharing options...
mr.unlikely Posted April 20, 2018 Report Share Posted April 20, 2018 That whole statement was not true. I read the articles that talked about the graphics on the new notes and hat they were going to be 1-5-10-20 -50-100. They will coexist side by side with the old notes for two years as the three zero notes are withdrawn and I do believe they said they/we, would have ten years to turn them in to the banks. More re recently I read, on this site, that the notes were printed and they had five trillion new polymer dinar ready for distribution. IMO waiting on the green light, the stars to line up, their numbers to be drawn, the last straw to be placed on the camels back or some other thing we don't know about. 5 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted April 23, 2018 Report Share Posted April 23, 2018 On 4/19/2018 at 9:16 PM, mr.unlikely said: That whole statement was not true. I read the articles that talked about the graphics on the new notes and hat they were going to be 1-5-10-20 -50-100. They will coexist side by side with the old notes for two years as the three zero notes are withdrawn and I do believe they said they/we, would have ten years to turn them in to the banks. More re recently I read, on this site, that the notes were printed and they had five trillion new polymer dinar ready for distribution. IMO waiting on the green light, the stars to line up, their numbers to be drawn, the last straw to be placed on the camels back or some other thing we don't know about. Now that is what I read too. 2 Quote Link to comment Share on other sites More sharing options...
skeetdog Posted April 23, 2018 Report Share Posted April 23, 2018 Thanks DB.... On 4/19/2018 at 8:16 PM, mr.unlikely said: MO waiting on the green light, the stars to line up, their numbers to be drawn, the last straw to be placed on the camels back or some other thing we don't know about. ...They've been sittin' on the pot a long time...Maybe they're out of PT.... 1 Quote Link to comment Share on other sites More sharing options...
IQD=freedom Posted April 24, 2018 Report Share Posted April 24, 2018 5 hours ago, skeetdog said: Thanks DB.... ...They've been sittin' on the pot a long time...Maybe they're out of PT.... Poilet Taper? 5 Quote Link to comment Share on other sites More sharing options...
skeetdog Posted April 24, 2018 Report Share Posted April 24, 2018 ............................. Quote Link to comment Share on other sites More sharing options...
gregp Posted April 24, 2018 Report Share Posted April 24, 2018 On 4/19/2018 at 8:16 PM, mr.unlikely said: That whole statement was not true. I read the articles that talked about the graphics on the new notes and hat they were going to be 1-5-10-20 -50-100. They will coexist side by side with the old notes for two years as the three zero notes are withdrawn and I do believe they said they/we, would have ten years to turn them in to the banks. More re recently I read, on this site, that the notes were printed and they had five trillion new polymer dinar ready for distribution. IMO waiting on the green light, the stars to line up, their numbers to be drawn, the last straw to be placed on the camels back or some other thing we don't know about. Agreed. AC is a DC. Dumb Charlie. 1 1 Quote Link to comment Share on other sites More sharing options...
jordan1 Posted April 24, 2018 Report Share Posted April 24, 2018 My belief is blah blah blah. Same old shiite new day. Can only hope in my lifetime I can dispose of this one way or another. Gets old. And unfortunately from a fundamental finance point of view there is no way this ever revalues. 1 3 Quote Link to comment Share on other sites More sharing options...
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