IRAQ DINAR NEWS

[jlldrs]

Not sure if this has been posted yet!

The Iraqi Central Bank, willingness to deleve the zeros of the Iraqi currency, iraqi dinar after the formation of the Iraqi Govt

October 23, 2010

The adviser said the Iraqi Central Bank Governor appearance of Mohammed Salih in an interview with “Alsumaria News”, “The zeros that are added to the Iraqi currency, during the last period, formed a cluster of large cash amounting to more than four trillion paper money, financial value amounted to 27 trillion Iraqi dinars, after that was 25 billion dinars in 1980, “noting that” Iraq is unable to manage this block because it is a small country where the large number of funds that traded on the Iraqi market has led to confusion in transactions for large commercial banks and in the work. ”

The Iraq and gradually the issuance of new banknotes after 1991 when it began currencies scarce on the market Iraq for several reasons, most notably the high demand for the fill buying and selling and smuggling of currency abroad, and to the north of Iraq, which split its time for the Central Administration, making the Iraqi government allows Central Bank of printing new banknotes to meet the local need, and continued the process of lifting of the zeroes of the dinar to beyond 2003 through the issuance of a class of cash amounting to 25 thousand dinars.

Saleh added that “the Bank has fully prepared to delete the zeros of the Iraqi dinar, once forming the Iraqi government,” noting that “the deletion of zeros is a national issue and may need to special legislation, despite the fact that the Central Bank of Iraq is a reform of the currency management from the core work and to delete the zeros is one of the strategic functions of the Central Bank of Iraq. ”

Saleh pointed out that “the Bank was able, during the last period, to reduce the level of inflation to the level of one decimal place, after more than twenty years,” noting that “Iraq could for the first time to reduce inflation to 3%, which reflects the success of Iraq policy,” monetary .

For his part, said economic expert on behalf of Jamil Antoine in an interview for “Alsumaria News”, “Iraq is not formatted for the time being to delete the zeros of the Iraqi dinar,” noting that “the deletion of zeros needed to stabilize the security and political, as well as economic stability.”

Antoine said that “the central bank by seeking the deletion of zeros from the Iraqi dinar is designed to give moral force, not physical strength of the dinar,” noting that “the deletion of zeros needed to create and cultural awareness for the Iraqi people and the Iraqi market.”

The CBI, with headquarters in Baghdad, has four branches in Basra and Sulaymaniyah, Irbil and Mosul, and founded the bank independent Iraqi under the law of the Central Bank of Iraq issued on the sixth of March 2004, and is responsible for the maintenance of price stability and the implementation of monetary policy, including policies, prices exchange and management of foreign reserves and the issuance of currency management, as well as to regulate the banking sector. (Source) CBI

http://www.edinarfinancial.net/news/?quer=&nm=&ny=&nn=620

[Dinarmonsta]

Yes, its been posted. Thanks anyway.

Edited October 24, 2010 by Dinarmonsta

[NAHOKU88]

sooo basically we're just gonna break even??

[JugDawg1]

No were not going to just break even lop will not devalue dinar....there's been about 1000 post on this subject that seems like you've missed..... your fine.... dinars is good ....relax

Okay! Who are you and what have you done with the REAL Conkel?

[NAHOKU88]

i stepped into the LOP section....yikes... blew me right back out. bit confussing, must go back and try again later..

thanks

[JugDawg1]

BIG JDAWG I told you I'd be back like a ray of sunshine breaking through a rain cloud...get used to the sunshine Bra...That doesn't mean I'm not still scopen my field of fire.... you just have to change positions from time to time to keep from being spotted

You better still be fun.

[Butifldrm]

Don't sell your Dinar, we should expect these posts as days grow closer to the RV. JMO

[Captjohn]

ATTENTION ALL NEWBIES, CALLING ALL NEWBIES.........THERE WILL NOT BE A LOP. YOU CAN READ A ZILLIION POSTS ON THIS SUBJECT IN THE ARCHIVES.

Happy reading.....and, stay thirsty my friends. GO RV.

[JugDawg1]

ATTENTION ALL NEWBIES, CALLING ALL NEWBIES.........THERE WILL NOT BE A LOP. YOU CAN READ A ZILLIION POSTS ON THIS SUBJECT IN THE ARCHIVES.

Happy reading.....and, stay thirsty my friends. GO RV.

Oh ya? Well guess what. I just heard from my cousin's uncle's best friend's second cousin on his mother's side that they were in the process of setting a meeting to discuss having a committee look into forming a board of 12 Semi Smart Samaritans to vote on LOPping Malaki's head off.

[BtrFuture4All]

BIG JDAWG I told you I'd be back like a ray of sunshine breaking through a rain cloud...get used to the sunshine Bra...That doesn't mean I'm not still scopen my field of fire.... you just have to change positions from time to time to keep from being spotted

Conkel, Did you realize that was your Post #200 ? Do you get something special for having reached #200? Turning over a new leaf with a ray of sunshine. I like that

[Mongo]

BIG JDAWG I told you I'd be back like a ray of sunshine breaking through a rain cloud...get used to the sunshine Bra...That doesn't mean I'm not still scopen my field of fire.... you just have to change positions from time to time to keep from being spotted

your wearing a yellow BRA now We must have kicked him one time to many!!!

Edited October 24, 2010 by Mongo

[wmawhite]

sooo basically we're just gonna break even??

Wrong.