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Everything posted by alan_coaks_3

  1. 5 - 26 - 2012 Erbil June 25 (aknews) – the Finance Committee in the House of representatives race Monday the legislature to support the Central Bank policy on deleting zeros from the currency. The Central Bank says it completed a road map to get rid of three zeros from the currency to reduce the money supply and ease of financial transactions to suit the new situation of the Iraqi economy. But the Government and the Securities Commission have expressed objections fears affect negatively financial trading operation in Iraq market for securities. She is a member of the parliamentary Finance Committee said Najib Risalat news Kurdistan (aknews) that "there is a trend by the legislature to support political Central Bank restructuring Iraqi currency and delete the zeros at the beginning of next year." "This subject started maturing day by day for the members of the Finance Committee and the ECE", noting that "preparations for the Central Bank to implement the project was underway but incomplete so far." The market has been volatile for weeks in Iraqi dinar exchange rate against the US dollar which experts attributed to the limitations imposed by the Bank on its sales of hard currency. And the imposition of tougher Bank at auction to sell the greenback after the currency go to neighbouring countries, especially Syria and Iran imposed by economic sanctions. She is a Vice-President of Najib Kurdistan Alliance "project will be implemented over two years through State banks, will be among the new currency coins of small groups as there will be considerable currency corresponding to 180 dollars a 200,000 Iraqi dinar current Exchange". "Through extensive discussions with the Central Bank and the US studies of the World Bank, the project aims to support the Iraqi currency in addition to the introduction of new categories of currency market by reducing the size of the money supply as well as inclusion in Arabic and Kurdish currency". Tasks of the ECB in the management of monetary policy in the country and raising the value of the Iraqi dinar and inflation in the country. My link
  2. in arabic it's titled The legislature directed the Central Bank support for the deletion of zeros currency
  3. yep sounds like a lop. removing the zeros a 250 dinar not will is worth 20 cents. redenomination - To promote the usage of coins and thus a more efficient pricing and payments system. The removal of three zeros is expected to raise the value of the Dinar as well as facilitate dealing with the currency and the payroll system in the country.
  4. either fly to iraq or do exchange it threw a dinar dealer online
  5. if i had more then 2 million dinars i would worry about a lop but under 1 mill its not that bad but still kinda hurts.
  6. i am keeping my dinars just in case too even if i lose a couple hundred . but there is a ? i have been trying to find out
  7. 6 - 24 - 2012 Mohammed Morsi was declared Egypt's first Islamist president on Sunday, chosen in the freest elections in history that left the nation deeply polarized between supporters of an old regime figure and those eager for democratic change. It was the culmination of the tumultuous first phase of a transition launched 16 months ago with the uprising that ousted autocratic leader Hosni Mubarak, who was replaced by a ruling military council headed by Mubarak's defense minister of 20 years. It is the start of a new struggle with the military to restore the powers that the ruling generals stripped from the presidency even before the victor was declared. And it was not the outcome desired by most of the liberal and secular youth groups that drove the uprising. "The revolution passed an important test," said Yasser Ali, a spokesman for Morsi's campaign. "But the road is still long." Morsi now has to calm public fears that he will push to remake Egypt as an Islamist state and show that he will represent a broader swath of the public beyond his own fundamentalist group, the Muslim Brotherhood. He will also have to try to urgently address the major problems facing Egypt, a sharp deterioration in security and a flailing economy. Morsi narrowly defeated Mubarak's last Prime Minister Ahmed Shafiq with 51.7 percent of the vote versus 48.3, the election commission said. Turnout was 51 percent. Just one week ago, at the moment polls were closing in the runoff election, the ruling generals issued constitutional amendments that stripped the president's office of most of its major powers. They made themselves the final arbiters over the most pressing issues still complicating the transition— such as writing the constitution, legislating, passing the state budget— and granted military police broad powers to detain civilians. A few days before that constitutional declaration, a court dissolved the freely elected parliament, which is dominated by the Muslim Brotherhood. A huge crowd of Morsi supporters celebrated in Cairo's Tahrir Square, the birthplace of the uprising, as soon as the result was announced on live television. Some released doves with Morsi's pictures over the square and others set off fireworks. Morsi's spokesman Ahmed Abdel-Attie said words cannot describe the "joy" in this historic moment. "We got to this moment because of the blood of the martyrs of the revolution," he said at a news conference after the results were announced. "Egypt will start a new phase in its history." The country's last four presidents over the past six decades have all came from the ranks of the military. This is the first time modern Egypt will be headed by an Islamist and by a freely elected civilian. "Congratulations because this means the end of the Mubarak's state," said Shady el-Ghazali Harb, a prominent activist who was among the leaders of the protests in January and February last year. Farouk Sultan, the head of the commission, described the elections as "an important phase in the end of building our nascent democratic experience." The results of the elections were delayed for four days amid accusations of manipulation and foul play by both sides, raising political tensions in Egypt to a fever pitch. Heavy security was deployed around the country, especially outside state institutions, in anticipation of possible violence. Workers were sent home early from jobs, jewelry stores closed for fear of looting and many were stocking up on food and forming long lines at cash machines in case new troubles began. Brotherhood members and experts said the results were used a bargaining chip between the generals and the Brotherhood over the parameters of what appears to be a new power sharing agreement. The country's new constitution is not written and the authorities of the president are not clear. The country is deeply divided between supporters of the Brotherhood, liberals and leftists who also decided to back them as a way to stand up to the military, and other secular forces who fear the domination of the Brotherhood. The small margin of victory for Morsi also sets him for a strong opposition from supporters of Shafiq, viewed as a representative of the old regime. Khaled Abdel-Hamid, a leading leftist politician, said Morsi must fight to get his powers back or he will lose any popular support he may have garnered. "If he fights to get his power back, we will support him. But if does fight back, then he is settling for siding with the military," he said. Protesters in Tahrir have said they will not leave the square, in which they have been holding a sit-in for nearly a week, until Morsi can restore his rightful powers. My link
  8. Redenomination can sometimes reduce inflationary tendencies in an economy if the underlying causes of chronic or hyperinflation and low valued local currency are resolved before the redenomination exercise and if the process is well managed. This is why re-denomination should be implemented in the latter stages of an economic stabilization package or reform. Historical evidence suggests that redenomination had been very successful in an environment of macroeconomic stability, declining inflation, stable exchange rates, fiscal restraint and prudence and rational expectations of policy credibility.
  9. when currency RD there exchange rate will either be 1 million to 1 or 1000 to 1 or 100 to 1 or 10 to 1 and an articals that have been coming out have been saying they want to bring the dinar exchange rate down to 1000 to 1 in the next 6 months. here it is the central bank governor has promised to reduce the exchange rate of the dollar against the dinar after 6 months from now to make one U.S. dollar is equivalent to (1000) dinars.
  10. i have never hered of any currency that took off zeros that wasnt called an RD if so i would l;ike someone to find me 1. and oh yeah the us dollar didnt RD there high nots they used to have they just elimnated them thats all not an RD . and for those people saying i am a " lopster " i assure you i have dinar
  11. it wouldn't suprise me if they yuan became the global reserve currency in the next 20 years
  12. 6 - 19 - 2012 'Iran, Russia, China, Syria plan massive war game' By JPOST.COM STAFF 06/19/2012 12:31 Over 90,000 troops from 4 countries due to participate in Middle East's largest ever war game, according to Iranian media. Photo: REUTERS/Raheb Homavandi Iran, Russia, China and Syria will hold the Middle East's largest ever war game, Iranian news outlets reported quoting unnamed sources. According to the report, 90,000 troops, 400 warplanes and 1,000 tanks from the four countries will take part in land and sea exercises. The war games will feature Russian atomic submarines, according to Iranian media, as well as warships, aircraft carriers and mine-clearing destroyers. Semi-official Iranian FARS news agency stated that the exercise was being planned in coordination with Egypt, which recently acceded to grant the passage of 12 Chinese warships through the Suez Canal. The report stated that the Chinese naval convoy is due to dock in Syrian harbors within the next two weeks. Regarding the timing of the planned exercise, FARS quoted unnamed Syrian officials as saying the war game would be held "soon." Iranian news outlets also included details of Russian plans to send two of its Black Sea fleet ships to Syria's port of Tartus to protect Russian citizens. Russian news outlet RIA Novosti contradicted this report, quoting a Navy official as saying the Caesar Kunikov ship did not set course from Sevastopol to the Mediterranean, and that it is rather en route to measure magnetic and acoustic fields, adding that both ships in the Black Sea fleet were carrying out scheduled routine maintenance. Other Russian media outlets also contradicted the Iranian media reports. My link
  13. this is basically taking about what designs will be on there new currency
  14. 6 - 19 - 2012 Having contributed to lower prices and declining inflation rates Baghdad-Haidar fleih, vernal Can't say for sure that the Central Bank had succeeded in reducing the value of the dollar, which hit a record over the past months, however, (Central) and to a large degree of continuing high dollar against the dinar, and succeeded in imposing a monetary policy aimed at reducing the high levels of inflation, which can be obtained by increasing the prices of materials, goods and services that sometimes because of the dollar price spikes to obstruct trade movement. Opinion of specialists Central should work intensively on creating balance fixed price with dollar Iraqi dinar, this command by specialists would eliminate mutations in prices in local markets. And amid an expected Central Bank Deputy Governor Dr. Mohammad Saleh appearance with the fall in the price of the dollar in the coming days, commissioned articles in local markets without movement, although the vast majority of materials available in local markets and importers depend primarily on prices in dollar prices in Iraq, but have not seen any decline in the dollar despite the decline will clearly inform 123 thousand dinars for every $ 100. Observers attribute partly to increase demand for goods and products in local markets, and this creates a kind of imbalance between supply and demand, demand and limited supply remain on what is it so the price goes up or in rare cases a certain price settle at, and this is what is happening now in local markets despite the decline of the dollar in Iraq which is the base currency to finance imports and most commerces entering the country. Economic expert commends on Andrew, by Central when allowed to sell the dollar at low prices to citizens in Government and private banks, this is likely to reduce foreign currency value clearly in the coming days, particularly on the future numbers of Central participants in its auctions daily to sell the dollar according to Andrew, which noted that monetary policy is moving steadily towards correcting the many tracks economic and lifting Iraq dinar to the rest of the foreign currency Notably the dollar. Despite what Andrew sees positives in the process of selling dollars in Government and private banks, economic researcher raised good underlines the importance that the sale process is adjusted, should be limited to cases identified by the only Central and to overcome some of the obstacles faced by those wishing to get a dollar from the Government or private banks. Hassan said that selling the dollar in Bank outlets other than the Central Bank would reduce prices significantly, however, Hassan expressed fear that gets out of selling to speculators and therefore the potential economic gains would dissipate before that step. Hassan urged the need for the expansion of private and Government banks in selling the dollar, calling on them to search for persons who wish to replace the local currency to the dollar, particularly patients and persons who transfer funds simple abroad for study or other purposes only to be commercial. The Central Bank announced that the Rafidain Bank and Rasheed directly selling the dollar for IQD 1189 rate citizens, as well as grant powers to sell the dollar for four private banks Central's price, considering that the move to benefit the citizen directly from currency away from the monopoly exercised by the other. Deputy Central Bank Governor Mohammad Saleh appearance that Rafidain Bank and Rasheed started selling the US dollar monetary price determined by citizens Bank and is around 1189 dinars to the dollar. Saleh said the sale would be under instructions and current uses in the use of foreign currency and travel, treatment, testimony and pilgrimage, noting that the amount required by tourism is about ten thousand dollars. Saleh said that the purpose of this step is to benefit Iraqi citizen directly from currency away from monopoly by some, pointing out that what we are witnessing today from the fluctuation in currency exchange is just bubble soon evaporate. Inflation ratios have declined markedly during the last month compared to the same month last year, inflation fell by 2 percent in the month of may of last month in the past year and 1.3 compared with last April. Linking a number of specialists in economic decline rates of inflation that the depreciation of the dollar, arguing that the dollar is the monetary value of the total imports in Iraq, which led to a decrease in total imports prices fell after the dollar. According to a statement by the Ministry of planning that the CSO's annual inflation report was completed for the period between May 2011 and may 2012, based on field data collection on prices of goods and services through the consumer basket sample selection of outlets in the governorates of Iraq All, stating that these rates are calculated from the goods and services, including food, rent, transport and communications, health, education and other consumer possesses it. The report showed that annual inflation indicators for the period decreased by 2 percent as inflation has become compared to the previous year 7 percent after inflation was registered 9 percent, indicating that the decline in annual inflation due to lower prices of food, especially vegetables, this demonstrates that the Iraqi market is closely linked to the dollar and inform him of exchange rates, which the Central bound by economist Mehdi Al-Ani to seek tirelessly behind the factors which it deems effective in reducing dollar rates, suggesting Increase sell auctions, and to allow for the application of this idea in a number of provinces, particularly trade, expected to happen is some kind of balance between the dollar and demand it. My link
  15. 6 - 19 - 2012 Central bank 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) .. He said a 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 a picture of the Ishtar Gate in memory of great Iraqis. My link
  16. 6 - 19 - 2012 Baghdad (News) ...Central Bank adviser said the appearance of Mohammed Saleh, the tax system and the banking sector suffered from major problems impeding the workflow. He said Saleh (News Agency news) on Tuesday: the tax and banking sectors suffer from problems hampering the progress of their work include mental Bank inadvertent still dominant banks and absence of tax culture and lack of modern electronic system. Saleh said: the tax system and the banking sector needs to develop the structure of banking systems and open workshops and intensive seminars and need global expertise to advance the long dormant banks, stating: the parliamentary Finance Committee initiative invested her meeting with the US delegation to ask the banking sector problems and taxation is an important initiative. Central Bank adviser said: America has one of the best arts tax in the world so that step being taken by technical assistance by providing workshops and training for Iraqi bank managers are good steps to improve the infrastructure of the banking sector and tax to stabilize economic growth in Iraq. Valid to: drew that Congress plays a significant role in promoting enterprise in Iraq, including the Central Bank, which is one of the best projects carried out, and it commended the role, adding, without Congress, since the Central Bank's presence in Iraq. The parliamentary Finance Committee held a meeting with a delegation from the US Treasury Department and the u.s. Embassy in Baghdad, where the most discussed problems of the banking system and taxation in Iraq and how to find the most rapid solutions. My link
  17. 6 - 19 - 2012 Member of the Finance Committee Deputy/block change/shorish Mustafa Haji, requiring banks to specific controls to sell hard currency to prevent a recurrence of the smuggling operations abroad. Said Hajji (News Agency news) on Tuesday: a recent Central Bank to open multiple ports to sell hard currency in all Iraqi banks, would help stabilize Iraqi dinar against the dollar, but with specific controls must oblige banks to prevent the occurrence of cases of smuggling of currency abroad. Noted: when the Central Bank allowed the Iraqi banks sell foreign currency to follow certain mechanisms manifesto, how to sell, but most Iraqi banks failed to comply with legal proceedings, and perhaps still existing smuggling because of the lack of effective control by Central. He added: we must control the formation of committees to follow up the work of Iraqi banks for selling hard currency to prevent the recurrence of cases of smuggling abroad, because it will affect the national economy and local currency. The Central Bank allowed all Iraqi Government and private banks to sell hard currency "US dollar", due to the increase in the value of the dinar in the past weeks, constant pressure was born at central to open multiple ports to sell hard currency to return dinar US dollar natural. My link
  18. 6 - 17 - 2012 According to Deputy Economic Committee decision//Kurdish blocs Coalition mohama Khalil, that change the shape of the local currency after deleting three zeros which does not need a new law legislation of their own that the Iraqi banks allowed the Central Bank to issue new currency and choose format. He said Khalil (News Agency news) on Sunday: Although the Iraqi Constitution or refusing to issue new currency printing and chose format by the Central Bank without a new law legislation so permits, issued by the Central Bank to Act (2004) central power reshape granted currency and issued with new look. He added: the old law is in effect, the lack of enactment of the new Central Bank, so that the three draft delete zeros Iraqi currency does not need a new law, but legislation that fully empowered central. He noted: the project is very important for the Iraqi economy because it will reduce large cash estimated at 33 trillion dinars in particular and that the future Iraq to increase its balance sheet for the coming years, the implementation of the project is necessary and has to be applied. The Central Bank of Iraq was announced (September 29, 2011) to 2013 will see the deletion of zeros and the currency changeover, which warned officials and economists because of the Division of work preparing to falsify trillion Iraqi dinars to replace them in the light of forthcoming changes. My link
  19. 6 - 16 - 2012 According to economist maysam, that proposal would replace the currency to another "free" zeros and switch symbols as a graphic (alskorh) is the culmination of efforts by the Monetary Authority in stabilizing the exchange rate of the Iraqi dinar. He would (for the news agency news) on Saturday: plans and ideas in Central Bank Exchange was the culmination of efforts by the Monetary Authority in stabilizing the dinar, indicating that this process will not affect the value of the real currency and will be simply trshik currency and make it look more toxic. He added: the replacement of Iraqi currency by the Central Bank early next year, like a doctor to beautify some facial features to make it more toxic and more confident self-confidence, when replacement of currency symbols and logos logo design reflects the civilization of Mesopotamia gave currency greater confidence in performing its functions. Said: that the disarmament process will facilitate the zeros exchange currencies when replacement (dollars needed to give an interview (122) approximately 1,000 Iraqis and carry more categories grouping until you reach (100) dollars. And: every State sets its own currency logo reflecting American civilization, place a picture of the late President Washington and Europe put stars representing the EU and Iraq will alskorh which reflects the civilization of Mesopotamia, an important step in the development of Iraqi currency. My link
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