alan_coaks_3

doctor your right because it is

it was in a artical about the 1000 to 1 new dinar it isnt a theroy sumone just made up

7 - 15 - 2012 Baghdad (News) ... She is a member of the Economic Commission of the Iraqi coalition Deputy from//aldaini, the likelihood of nahida entry of counterfeit currency to Iraq and replaced with hard currency when international economic sanctions on Iran, calling for control of border with Iran to prevent the entry of those currencies. She aldaini (News Agency news): that Iraq possesses multiple border ports with no real control over Iran by the Federal Government, have made trade with Iran led to the uncontrolled entry of prohibited goods and goods (such as drugs and hashish) due to the absence of Government oversight. She added: the economy will not be affected when new economic sanctions on Iran that Iraq is surrounded by several States could turn to other countries for trade-Turkey or Iran as Jordan or Saudi Arabia and Kuwait. Noted: that Iran is trying to drain hard currency of Iraq in any way either through the export of goods to poor country or export electrical energy which now most provinces supported on Iran by processing power, or there are other things illegally exploited by Iran to get dollar currency of Iraq. Reported: that the Iranian side may be paid to the introduction of counterfeit currency and replacing it with a valid currency, as happened recently, which will cause "economic catastrophe" in the country if not taken strict measures to prevent the entry of those currencies. The International Federation has given Iran in May last year to hand over nuclear reactor until July 1st, otherwise will be tougher international economic sanctions that include reducing trade and preventing the export of oil. My link

7 - 15 - 2012 Central Bank of Iraq confirmed that the process of printing a new currency with the deletion of three zeros will cost the state less money sad re-sustain damage because of the current currency and economic expansion, noting that the new edition will reduce the risk of errors accounting system. The deputy governor of the Central Bank of Iraq the appearance of Mohammed Saleh told / JD / that "printing the new currency would cost the state large sums of money but the fact that the current currency and because of the high value and liquidity will cost the state more simply by typing denominations themselves of the same coin because of the damage and the expansion of the economy." "The cost of the current more because when replacement will be the categories of large Vtakhtsr Cache We have now 4 billion securities traded out of 34 Tleraon amount of cash if exported large groups 50 dinars and 100 dinars and 200 dinars, equivalent to 200 thousand dinars, the 4 billion banknotes and shorten billion of which to one billion and a half billion of these banknotes Falclfah be relatively less at the same time shortened (Cache) Cash too ".. He added that "there is also a shortcut numbers The country is dealing with (10 S-12) a trillion, but when replacement deletion of the country will deal with 10 S-9, and this is a big difference, explaining that the switch will reduce the risk of currency accounting system errors. My link

7 - 15 - 2012 Baghdad (News)/report/Hussein Faleh/... With the busy traders and markets in how to turn a profit during the month of Ramadan, and the experts are likely to decline in the purchasing power of citizens due to an expected increase of food prices is equivalent to daily income. They warned the dinar decreased significantly in Ramadaan, because of confusion in the local market and the possibility of high inflation, and to address such possibilities put the Central Bank plan to preserve the value of the dinar, which had been sent to the Commission in the Council of Ministers for approval to be effective. In this regard, a member of the Finance Committee/National Alliance MP Faleh Sari/(News Agency news): the Central Bank taking into account possible decrease the dinar against the dollar during the month of Ramadan, a financial plan will reduce risk if approval. Confirmed: the Commerce Ministry promises to distribute share complete with additional material in Ramadan did not affect prices will resume, he said, adding that the Ministry had not died to now promises. For his part said economist Tawfiq inhibitor that weakened the purchasing power of citizens during Ramadan as a result of the increased prices in local markets is not commensurate with the monthly income. The inhibitor (News Agency news): that Iraq did not possess a system (quota), due to confusion in the economic process and business in the country. And (quota) trading system means a specific price ceiling imposed by the Government to traders, shop owners and require in the sale of goods and materials specified price no matter what. He added: the expensive prices also affect local currency by increasing demand for the dollar and make exchange rate has fluctuated, particularly since the dinar currently declining dollar. Solution expert suggested that the Ministry of Commerce and deliver business processes particular ration cards file for the private sector to do its tasks, creating competitive atmosphere in local markets by providing material as required by the competitive price. For his part, Deputy Economic Committee member/Iraqi/coalition Qusay Fri: the price increase during the month of Ramadan is normal under increased demand for purchase at this without the rest of the months. He said Juma (News Agency news): supposed to Department of Commerce provide all ration vocabulary to make a stable price in the domestic market, the price increase will affect directly to citizens, especially those with limited incomes. Expected survival of the dinar against the dollar remained stable during the month of Ramadan. For the Member of the Committee on the economy and investment/National Alliance Deputy/Abdul Hussein ressan, it criticized the absence of the Trade Ministry plans and preparations for the holy month of Ramadan. Husseini said in an earlier statement received (News Agency news) version of it: that food prices in the markets began to rise with the near by the holy month of Ramadan, due to a growing demand by citizens, criticising the lack of Trade Ministry plans in this regard. And hold ressan: do you think that the Iraqi citizen can only distribute five kilograms of flour per family and zero kilo and a half of first grade basmati rice and a quarter kilo Adass every citizen in the country during the holy month of Ramadan is balanced? $ 100 billion. And new Economic Committee member: confirmed the absence of any mechanism to control the rising food prices that preceded the holy month of Ramadan. The ration items supplied to the consumer's dilemma after year 2003 became, and shrunk its terms Despite the high incidence of poverty and unemployment, official statistics indicate there are seven million Iraqis under poverty line, and failed efforts to implement resolution reduce material ration, but stakeholders and specifically the Ministry of trade that resolution reduction came to political ratified by Congress and the Department of Commerce. My link

i agree with you on this 1 but i would make a few changes to it but basiclly yep

7 - 14 -2012 the parliamentary Finance Committee, Saturday, that the process of replacing delete zeros from the currency and will be gradually beginning next year, noting that the process takes two to three years. Member of the Committee and the Iraqi list MP Hassan aozmn news agency of Kurdistan (aknews) that the Central Bank of Iraq will drag the current currency next year start gradually and keep the current currency trading to give citizens sufficient time to Exchange ". He aozmn Exchange and delete zeros successful and useful for the Iraqi economy through its success in several other countries, pointing out that "process will contribute to ease carrying banknotes to the citizen and will not have any negative impact on the economy (according to him). He did not rule out aozmn new counterfeiting attempts but: security measures to be taken to protect the currency would distinguish easily between the old currency and the new currency. The parliamentary Finance Committee announced early this month that next year's budget in the new currency will be 2013 after deleting three zeros from the current currency, saying that the reluctance of traders and trading companies behind the Iraqi currency the Central Bank adopted draft delete zeros. Some economists believe that Iraq is not formatted for the time being to delete the zeros of the Iraqi dinar, noting that deletion requires political stability and security as well as economic stability. My link

7 - 14 - 2012 Twilight news/revealed the Finance Committee in the House, Saturday, postponed delete zeros of the Iraqi currency, the Central Bank intended to launch in 2014. She is a member of the Finance Committee in Parliament MP Magda Abdel Latif for "twilight news" that "the deletion of zeros from the Iraqi currency and that it was hoped to begin in the coming year will wait to 2014". The request came from the Cabinet Secretariat, Economic Chamber, Chamber belief that Iraqi environment currently unprepared for this operation. " AE said that "the Finance Committee was with this request and there is a series of measures must be taken to ensure a high-quality currency." "Must take a series of measures to prevent fraud and updated previous experience." Deputy Central Bank Governor Mohammad Saleh appearance, had earlier, currency and switch to delete zeros will not be completed this year, delivery will take approximately two years. Saleh said "preparations and preparations for the changeover and delete zeros started more than a year and will take about two years." He said the completion of the project is the improvement of payments and facilitate trading in currency that will process the exchange of currency and improve its value in the domestic and global market, denying any effects caused on the standard of living of the individual. Little house Finance Committee revealed for "twilight news, earlier this month, prompting Prime Minister Nouri al-Maliki for the Central Bank to wait to delete the zeros of the Iraqi currency, noting the presence of several foreign companies vying for printing the new currency My link

7 - 14 - 2012 Confirmed the Finance Committee in the House of representatives that the Bank needs another year to begin the process of replacement of local currency, while the Central Bank required ready for this step, Haidar Al-Abadi said "Sumerian news," the draft switch good currency provided that the Central Bank was ready to move on and implement the accuracy ", stressing the need to" be good and correct Bank procedures ". Abadi "with the currency Commission was altered during the past year 2010, if the Bank prepared for such action," he said, adding that "the Central Bank need another year to begin the Exchange." Al-Abadi said that "the Finance Committee is not with hasty application", underlining the importance that "hold up the process before the switch would not be forgery and handling damaged dinars". The Finance Committee in the House of representatives announced (July 11) willingness to clarify the reasons for the reluctance of the Council of Ministers on the changeover, although the Central Bank confirmed its ability to it without fraud affect the national economy. The parliamentary Finance Committee member Najib announced Risalat (July 3) that the budget for next year in the new currency will be 2013 after deleting three zeros from the current currency, saying that the reluctance of traders and trading companies behind the Iraqi currency the Central Bank adopted draft delete zeros. Wedift parliamentary Finance Committee (26 June) Deputy Central Bank Governor Mohammad Saleh appearance to discuss the mechanism to be followed by the Bank in the process of deleting zeros and how long this process and the variables that expose the exchanged currency. He was a member of the Finance Committee has hitham Al-jaburi in 15 may 2012 to January of next year will see the delete three zeros 2013 and Exchange, with next September 2012 will begin printing the new currency in various categories. He accused Central Bank, (12 September 2011) Government of obstructing the monetary reform and vowed to prosecute those responsible for exposing, blaming the country's interests to financial risk. As aide to the Prime Minister on Economic Affairs (25 August 2011) to raise zeros from the currency is the biggest corruption in Iraq if during this period, under the title economic absurdity, warning of "Division" is preparing to falsify trillion Iraqi dinars to replace them in the light of the forthcoming changes. Said economist Husam Ebeid step delete zeros of the Iraqi currency has become an urgent necessity in order to raise the value of the Iraqi currency to add FX to maintain balance on the market. Obeid said in a press statement that this action need political decision "and called for" the need for the speedy delete the zeros of the Iraqi currency in this step of the great and positive returns on the Iraqi economy. " "This step does not entail any negative repercussions, as it is a very positive step to give strength and contribute to the Elimination of negative consequences of monetary density as highlighted the problems we are experiencing in the banking business, both in the currency and sort categories and destroyed poor and provide the necessary security measures for transfer". The Central Bank and the Bank's adviser said the appearance of Mohammed Saleh confirmed to [Wayne] need Iraq to the administrative reform of the currency and the delete zeros is a part of the country need to process administrative reform of the currency in order to reduce the cost of cash transactions in the economic process as well as the need to provide small groups of coins used in daily circulation of small transactions. The officials at the Central Bank as well as some politicians and economists urged the Government to delete zeros from the currency, issuing new currency in big cash categories in addition to the presence of small coins. Observers say that the Government intended to delete zeros from the currency as a step towards improving the purchasing power of the Iraqi dinar but economists underestimated the importance of this step considering that the cost of raising zeros will be greater than the benefit desired to raise zeros. My link

7 - 14 - 2012 the Iraqi Central Bank estimated cost speculative project to delete the zeros from the currency up to 172 billion dinars .. The study by a private project delete the zeros received / JD / copy: The total cost of speculative to project the deletion of zeros up to a hundred and seventy-two billion dinars, ".. the bank said in his study that the wages of transport and insurance of the role of copyright to the Baghdad International Airport up to (140), calculated on the basis of the ratio between the highest and lowest price (90-189) billion dinars from the presentations made by companies .. He added that "the cost of speculative Stamping coins of the new currency of (16) billion dinars," the bank .. He continued, "The wages of cargo , Fridays and official holidays, overtime, etc. .. of (15) billion dinars ".. He pointed out that the cost of the media campaign and the costs of different limits (1) billion dinars, the bank .. and recalled the cost of the replacement process for the period from 15/10/2003 to 15 / 4/2004 amounted to the wages of the printing and transfer of currency to (240) dinars, and wages of minting coins up to (16) billion dinars, and a ring of total costs allocated to the banks amounted to (13) billion dinars. and attributed the bank the reasons for the deletion of zeros for three reasons First, the process Delete the zeros will be an opportunity to add new features of the Iraqi currency to prevent potential counterfeiting of the new currency through the use of specifications of high security, leading to increased customer confidence (public institutions) as a result of low or no cases of fraud .. He pointed out that the second reason that the process of removing zeros will to reduce Alokiem digital currency and financial Almahacbah and may reduce the role of time, effort and cost required to complete financial transactions and accounting as well as the possibility of reducing the number of banknotes traded, especially if banknotes were printed large categories ".. He said the third reason Vankh enhances the possibility of maintaining the Iraqi dinar exchange rate against foreign currencies gained the confidence of its customers. The central bank has decided to adopt some of the features and pictures to be developed on the new currency after deletion of zeros .. And obtained by / JD / a copy of the book's central bank, which included the historical and cultural landmarks and images to be placed on the implications of the currency close to the mentality of the Iraqi public and culture .. According to the authors included a paper currency a number of monuments and pictures the most important, put a picture to bridge the imams and the magnitude of the significance of high-value if it reaches the bridge between both sides of the River Tigris and the terminal Mrakadi Imams Musa al-Kazim (AS) and Abu Hanifa (ra) .. The book entitled the bank to the Directorate General for the issuance and cabinets: This is dedicated to the highest class of the new currency a category (200) two hundred dinars and the dinars on the back of this paper and put a picture of the Baghdad school .. He said the central bank: put on the face of the category (100) dinars, hundred dinars, pictures of Azwaip area in Baghdad, one of the areas which was set up by the ancient suspension bridge, one of the achievements of the Iraqi state .. Iraq is one of the leading countries in the establishment of this type of bridges, shown in the image building of the Iraqi Central Bank, in addition to the building of the University of Baghdad, is the oldest scientific institution in Iraq in the second half of the twentieth century, while placed on the back of the paper image (ziggurat), one of the features of construction Iraq at the dawn of history .. According to the book's central bank: put on the face of the paper of class (50) JD (fifty dinars) image of the King Codaa one of the most kings of the dynasty of Lagash II (King XII), a God of growth and fertility, while the back of the paper have included a picture of Fort Ukhaydir a Fort archaeological its construction dates back to the Abbasid era forts and defensive unique in a deserted area, such as those constructed in which this fort is located to the south-west of the city of Karbala .. The central bank said: that in the face of the banknote (25) dinars (twenty five dinars) was developed, the image of King Hammurabi receiving the law .. This is the spiritual father of the King humanitarian legislation, as written in the custody of the rules governing the life and transactions in the famous Mselth either the back of the paper have included a picture of a peasant of Iraqi Kurdistan with the help of men in the preparation of the field of agriculture .. He said the central bank: put on the face of the banknote (10) dinars (ten dinars), a dinar, the Arab-Muslim This is a dinar, which was minted in the reign of the Umayyad dynasty beginning of the circulation of money in the Islamic state, which hit the inside and one features of the state and its sovereignty and economic independence, The back of the paper has developed a picture of the lighthouse Hadba in Mosul, one of the landmark development of excellence in our beloved Iraq .. Either category (5) dinars (five dinars) was placed on the face of her paper image of a waterfall entirely on Beck in Kurdistan Iraq, a reference to the state's interest in water and its sources in addition to the interest in tourism and the environment either the back of the paper has developed a picture of a palm Iraq, a sign of a property for each land black from southern Iraq to the north and to honor the (aunt Palm), said Mustafa (peace be upon him) and the central bank said in writing: in line with the best applications and international experiences, he decided to stop the basic parameters of the currency notes of the categories (25000,10000,5000) JD Traded to the road as it is in the new series (25,10,5) dinars to enable the audience with her as a thousand imprinted in his memory. The bank was keen to choose the designs of the coins are the generality and comprehensiveness of significance, and have a positive impact on all the people of Iraq, where he put on the aspects of coins map of Iraq and highlights where the Tigris and the Euphrates, and the center of the map a circular area to install the coin mineral, while the other side of coins have included, first class (2) JD's image (the Monastery of Saint Matthew), a historical site and my soul is located in the north of Iraq, and taken by the Iraqis of different sects and religions shrine to seek blessings and tourism. Included in category (1) BD image and reality are inspired from the displacement of Kurds Faili designed and prepared the Ministry of Culture. Has been developed on the category (500) fils image to fill a modern on the River Euphrates, and was intended to highlight the importance of water and means of storage and organization in Iraq, and on the category (250) fils putting pictures to fill Kut on the Tigris River, for the same purpose, and put on a category (100 fils), a picture of a lion Babylon, symbol of the power and vigor of the nation of Iraq. and put on a class (50) fils a picture of the palm, the symbol of Mesopotamia. and class (25) fils put a picture of the Ishtar Gate in memory of great Iraqis. My link

Central bank governor Al Shabibi PROMISED to get the Exchange rate of the dinar down to 1000 to 1 dollar. the artical came out 3 months ago. so if they Exchanged our old dinar we have for 1000 to 1 new dinar that means we would only get 86 for ever 1000 we turn in

well said doctor. now were all just waiting to see how many of our old dinars it will take to get 1 new dinar

because turkey RD there currency and it was very successful and it helped the economy and the people out.

Redenomination should be implemented in the latter stages of an economic stabilization package or reform.

yeah in my backyard

Redenomination is sometimes used to indicate that era of failed economic policies has come to an end and that the economy is poised to start on a new slate. This helps to ' increase confidence in the economy' ( improve ) sends a signal to both the local community and the international markets that high inflation and general macro-economic instability are a thing of the past.

7 - 9 - 2012 Proposed member of the Finance Committee, the National Alliance Deputy//Al-yasseri, abdolhossein new categories with 1,000 dinars (50) and 100,000 dinars for current currency instead of deleting three zeros, that present circumstances do not allow for the currency switch. He said Al-yasiri (News Agency news) on Monday: there are many problems accompany the restructuring project after deleting three zeros currency when applied to high prices of goods will cause in the domestic markets of the citizens they are fully aware of how to deal with the new currency. Was: well it would cause social problems (personal and creditor) any how to debt repayment, as well as a new Division for the counterfeiting of currency markets for prepared on the implementation of the project, as well as current circumstances affecting the country as political disputes and fluctuating dinar against the dollar does not replace the national currency, postponed and not applied. He added: you must add new currencies currency current category (50) thousand dinars and 100,000 dinars instead of issuing new currency three zeros omitted to reduce money supply liquidity sought by the Central Bank through the implementation of this project. The Central Bank seeks to apply the draft deleted three zeros from the Iraqi currency at the beginning of next year, despite calls by the Federal Government and some members of the House to wait. My link

i thught this was thread was about how iraq will RD

i agree

it was made to anyone

redenomination” refers either to a change in the number of zeros associated with a given currency, or it can apply to the introduction of a new currency. isnt this what iraq is doing ?

i love this lol

Redenomination is the process of changing the face value of banknotes. i could be wrong but isnt this what iraq is doing ?

lol jackster thats a RD

they will make a up a new exchange rate just for the old note will hold it wont be the exchange rate