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alan_coaks_3
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Posts posted by alan_coaks_3
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the 3 zeros will come off the currency
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6 - 15 - 2012
President of the International Union of businessmen of the penitentiary, the capacity of Iraq Hamid rival Iraq economically developed States in the event of natural resources investment.
He said punitive (News News Agency): that Iraq possesses huge natural wealth is oil and gas, phosphates and sulphur and other minerals, the invested means great economic boom in the country.
He said that this process does require people with the competence and experience of putting appropriate plans for how to invest and eliminate corruption and give an active role for the private sector in market competition, to be advanced States refineries Iraq in economic areas such as Eastern Asia.
He said that because the Iraqi economy on oil revenue only due to the absence of economic vision for the economy as they employ in place did not make forward.
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6 - 10 - 2012
The parliamentary Finance Committee asked private banks dealing with the sale of hard currency in certain controls to curb smuggling dollars abroad. Deputy Chairman of the Committee and the Kurdistan Alliance Deputy Ahmed Hassan iceberg l/JD/"private banks must deal with sale of foreign currency in accordance with the regulations and instructions are included in the Bank's records and documentation for those seeking to obtain currency. The Vice-Chairman of the Committee, stressed financial and parliamentary deputy from the Kurdistan Alliance on these controls should be immutable. The Central Bank of Iraq was revealed to him by a specialized offices in monitoring and controlling the movement of money inside Iraq to counter money laundering cases that occur. Director of research and statistics in the Bank's Abdul Nabi in Walid told former reporter/agency/JD, "Central Bank of Iraq emphasized through controls and restrictions established by the law (930) on combating money-laundering and smuggling of currency in the country." He added, "there is coordination between the Iraqi banks and laundering offices on the Ministry of the Interior on the other hand". Abdel Nabi said, that the Central Bank closely monitors the continued movement of cash inside Iraq, along with control of volume of exports and imports of foreign currencies in various border crossings. " The Director of the statistical research in the Central Bank, "the movement of funds are all smoothly unimpeded".
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6 - 10 - 2012
Baghdad (newsletter) ... Said Deputy Energy Commission decision/alkordstanet/Coalition blocs Kassem Mohammad Qasim, Iraq was able to control world oil prices in the future, since he has large oil deposits clog the oil needs of the world.
Kassum (News Agency news) on Sunday: that the world geological surveys confirmed that Iraq is rich in natural resources, particularly oil and gas, has large oil deposits and reserves of an identifiable need world of oil.
And continued: this will make Iraq an influential actor and master control in world oil prices through pumped for oil or shrink, but requires multiple to export ports and the development of oil fields and the restructuring of the oil pipeline infrastructure that mostly outdated.
He added: the oil Ministry work hard to raise my energy production and export Iraq take advantage of the natural wealth of the country through investment.
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6 - 9 - 2012
Economic Committee member excluded from Iraqi coalition/MP/Qusay Juma, lifting Iraq on pain of item VII soon, as a result of not resolving outstanding issues between Iraq and Kuwait.
He said Gomaa (News Agency news) on Saturday: despite the formation of joint committees to negotiate between the Iraqi and Kuwaiti sides to resolve outstanding matters as compensation and debt but did not reach the result through lifting Iraq on agenda item VII.
He said that Chapter VII was a internationalist and requires certain obligations provided by the other party "any Iraq" to item for submission, saying the Iraqi Government's lack of interest in the subject, what will make it take a long time to resolve.
Said: there must be a serious negotiations with the Kuwaiti side in which conventions are held to resolve all outstanding issues between the two countries for Iraq exit from huge chapter VII.
Iraq reportedly subjected to international sanctions after the 1990 invasion of Kuwait, including putting it under item VII which permits the use of military force against him and to identify the movement of the army as a country threatening world peace and security at the time.
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6 - 8- 2012
According to a member of the Finance Committee, the National Alliance Deputy//Abdul Hussein Al-yasseri, that Iraq did not enter in WTO membership, due to the harsh conditions established by the organization.
He said Al-yasseri (News News Agency): the WTO has set tough conditions prevented Iraq from entering as a member, stating that the conditions include a large tax on materials and goods imported by Iraq service.
He added: there must be a suitable tax system in Iraq, where a few tax on foodstuffs, but in its current state does not serve Iraq's economic situation.
And between: the Iraq request membership to the WTO, but not approve membership only accept conditions which affect the interest of the country
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lol yeah this is real funny
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6 - 5 - 2012
lol
Miami Zombie Attack Prank
Very Dangerous Prank! Almost Got Shot at
! DO NOT TRY IT!-
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5 - 31 - 2012
Economic Committee member confirmed Deputy/Iraqi/coalition, determination albegari Noora Central Bank to implement the draft deleted three zeros from the currency early next year despite calls for postponement, noting that he agreed in principle with corporate promotional currency and typographical errors.
She albegari (News Agency news) on Thursday: the Central Bank prepared a comprehensive study on the three zeros deleted project where its pros and cons of the project and handed over to the Commission and the House's economic ministers to look at the relevance of the project to the Iraqi economy.
She added: the Central complete all procedures related to the project and began a phase of negotiation and agreement in principle with corporate promotional to advertise the project and other companies for printing the new currency, noting that the Central Bank would not reveal the nationalities of the companies that will agree with them for the implementation of the project.
She: you must carefully before applying so large project because affect the national economy directly in terms of both its pros and cons, especially that Iraq today is in conditions of unstable politically and economically.
Albegari: noted that the project had been exploited by the weak souls admitted counterfeit currency could create confusion in the economic process of the country.
She is a member of the Commission on the economy: Central Bank of Egypt to implement the project early next year, despite objections to implementation and governmental claims to wait.
The Central Bank of Iraq was announced (September 29, 2011) to 2013 will delete the zeros and the currency changeover, which warned officials and economists because of its work preparing for faking maviat trillion Iraqi dinars in light of upcoming changes for a replacement.
With the Central Bank of Iraq accused the Government of obstructing the monetary reform and vowed to prosecute because it shows the financial interests of the country risk.
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5 - 29 - 2012
The parliamentary Economic Committee described the step taken by the Central Bank to successful and smart by pulling the rug from under the feet of the currency speculators who dictatorial on the domestic market. She is a member of the Committee of agency/albegari Noora may news that the Central Bank was able to expand outlets the dollar and estimated customer review any branch of State banks and soon to be eligible for the sale or purchase of the dollar currency. "
Albegari added that "the Central Bank possesses the rudder in determining the value of exchange for dinar, through ownership of dollar and put to sale price which it deems appropriate to enhance the value of the dinar.
On the influence of Iran and Syria, said albegari "the two followed it after rhythm by economic sanctions, they shifted from selling their products to the dealer any local currency exposure of the Toman and the Syrian pound to the dollar to ease sanctions, and here would have been better to deal with the Iraqi merchant in accordance with the principle of hard currency even though the dollar value, the actual measurement of the equivalent in national currency terms.
Albegari said that "strange thing that Iranian or Syrian defected product of smart trick is maintaining the same commodity value and calculated in dollars, and ought to evaluate according to the size of the depreciation of the currency, for example that the Toman declined to half its value to the US dollar, as well as Syrian pound by the sanctions, here it be calculated half-priced commodity but as stated previously dealt with us intelligently, and would have been better to confront our businessmen to refrain from buying products and switching to another origin"
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yeah this sounds good
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- Popular Post
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5 - 29 - 2012
The Central Bank announced new steps would raise the value of the Iraqi dinar against the dollar. Deputy Central Bank Governor Mohammad Saleh appearance in a special correspondent (JD) that the Central Bank began applying a new strategy will emerge with the equation equal the dollar if the dinar had the right atmosphere. Saleh said the new strategy will upgrade the Iraqi dinar as a step towards reform of the financial system in Iraq and stimulate the economy, and then move the draft to delete zeros out the equation equal the Iraqi dinar with the dollar and this requires several factors such as the advancement of agricultural, industrial and service sector investment. The current situation is optimistic about the future of the economy and devaluation and their purchasing power.
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5 - 28 - 2012
Iraq is to emerge as the world’s top exporter of oil in 2017, replacing Saudi Arabia which has dominated world oil exports for decades, U.S. ambassador to Iraq James Jeffery said.
Jeffery made the remarks at the end of his term as U.S. ambassador to Iraq. He said he was pleased with the economic development taking place in the country but emphasized that the country needed to diversity its income in order to sustain economic growth.
The ambassador said Iraq was turning into something like a magnet for international firms with companies from the world’s major economic powers currently present in the country.
But the leaps Iraq has made in its oil industry received most of the ambassador’s praise.
Iraq’s standing as an oil exporter in international markets has been consolidated recently as its exports averaged 2.5 million barrels a day last month, surpassing those of Iran.
But Jeffery said Iraq should develop economic sectors other than oil to generate income. He mentioned services and tourism as the sectors that are in need of urgent investment.
Iraq’s oil revenues are mushrooming and this year the country expects a surplus that will be enough to address its budget deficit and set aside billions of dollars to be distributed to low-income groups in the society.
Iraq’s oil riches are estimated at 115 billion barrels of proven reserves, but officials at the Oil Ministry say the figure is likely to skyrocket once explorations in the country are completed.
Much of Iraq, particularly the central parts, remain unexplored.
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if they print all new iraq dinar and remove the zeros it would be considered an RD for the currency. and no its not just my OP look up other countries that did it there are alot of them out there
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Everyone has to realize that the deleting of the zeroes is a related, but separate, process from the RV. Granted, IMHO, both of these processes need to happen simultaneously, but "deleting of the zeroes" refers to getting the 3-zero bills out of circulation. The RV is a totally different animal.
Dr. Shabibi in an exclusive interview with (the people) shall be published later that the removal of zeros from the Iraqi currency at the moment was inevitable and will contribute to facilitate the work of the government and Atathirat real current economic situation, stressing that it will be canceled three zeros from the current currency will be printed six to seven categories of a new Iraqi cash.
so if they delete the zeros they will get aride of all of the currency not just the ones with 3 zeros
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Not quite. Anybody ever held a thousand dollar bill? It coulda been "all about the Grovers."
http://en.wikipedia....States_currency
The base currency of the United States is the U.S. dollar, and is printed on bills in denominations of $1, $2, $5, $10, $20, $50, and $100.
At one time, however, it also included five larger denominations. High-denomination currency was prevalent from the very beginning of U.S. Government issue (1861). $500, $1,000, $5,000, and $10,000 interest bearing notes were issued in 1861, and $5,000 and $10,000 United States Notes were released in 1878. There are many different designs and types of high-denomination notes.
The high-denomination bills were issued in a small size in 1929, along with the $1 through $100 denominations. The designs were as follows:
$500: William McKinley
$1,000: Grover Cleveland
$5,000: James Madison
$10,000: Salmon P. Chase
$100,000: Woodrow Wilson
yeah they started to take them out in 1969 and as of 2009 there still more out. i dont think iraq is going to wait over 60 years to take all the high notes out of circulation then RV
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Rabbi, you are exactly right; two seperate issues. I had to + you!
The statement is taken out of context by the finance minister. The minister is most likely stating that an RV must be come with the deletion of zeros (removing the large 3 zero notes from the street).
Just cutting the supply down on the street will do nothing for raising the value and helping the economy grow.
A little trivia for everyone........... does anyone know what other country removed their large notes from the street?
The answer should come as no surprise.
Happy Memorial Day everyone; and especially to our veterans and active military service members.
no other countries have just removed removed the large currency with zeros on them they do all of them
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5 - 27 - 2012
Baghdad (newsletter) ... Improved banking expert proposed to develop the banking sector through the introduction of modern electronic systems in its work to give confidence to foreign investors to invest in Iraq.
Ali (News Agency news) on Sunday: that the banking sector has become an urgent need of modern technology at the moment to boost investment in the country forward, the fact that the investor today needs a banker, forcing his newly on potential risks, pointing out that the banking sector plays a key role in attracting investors to the country.
Noted: that the Iraqi banking sector is currently underdeveloped and dominated by bureaucratic red tape because away evolution in the world unable to interact with the World Bank, calling on the Federal Government to seek to improve this sector through the use of modern technology in Bank management, in addition to opening regular training courses for personnel working in this vital sector.
The banking system consists of Iraq (43) a Bank as well as the Central Bank and distributed by ownership between (7) and banks (30) including Bank of native (7) in addition to Islamic banks (6) foreign banks.
Although the investment law No. (13) of 2006 investment in the banking sector were excluded from its provisions, however, investment in the banking sector takes its legal framework based on Central Bank legal number (56) of 2004 and banks no. (94) for the year 2004, the minimum to establish a bank in Iraq (100) billion Iraqi dinars (around 85 million dollars.
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they might just take it 1000 dinar to 1 dollar then cut the zeros off
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Nice. Is it a good thing that I don't have any money right now?? Does this have anything to do with this RV taking so long? Eight years for me. No comments if you've only been in a year or two. (Just Kidding). I want to hear all comments. Just because you've only been in Dinar for a short time doesn't mean you don't know anything. And like me, just because you've been in this forever doesn't mean you know anything either. So, let me know.
no this has nothing to do with the RV at all.
I think my conclusion is bad news for my near future hopes
in Opinions, Perspectives, and Your Two Cents on the Iraqi Dinar
Posted
lol it looks like there only a few of us here that actually do some deep research about this. i thought i was 1 of the only ones