dogtrainer55

They already printed the lower denominations anyways. They also already had the second reading. I wonder why they are having another second reading. Is this the 3rd reading in disguise?!?

for something that's going to happen in "2013", so they say, they sure are talking about it a lot.

Link?

So I read something a few weeks ago (can't find it now, anyone heard this?) that only 10k and 25k notes will be taken out of circulation. Other large notes will be kept to conduct large transactions in the banks (1k, 5k). And they will introduce other low denominations that will mirror the US dollar (1, 5, 10, etc). Question, if this is true... 1. If they are not retiring all notes, my 50 dinar will be worth .05 cents...forever? Are they printing a new 50 dinar to be worth 50? So an old 50 bill is a nickle and the new 50 bill is really 50. Sounds complicated. 2. Large denominations that will be kept in circulation 1k and 5k, now are 1 and 5, how will the banks use that for large transactions? They can't. PS I think they are removing the large notes 25k and 10k over a period of time as soon as the lower denominations are out and they are able to revalue the currency. Makes more sense to me. RV RV RV!

Out of curiosity if you believe in a lop, what if I have low denominations without 3 zeros?

Okie for president!

Why would they care about smuggling old currency if it was worth the same as the new denoms? ie 25k is $25.00.... Guess it means they will be worth 25k still!

I agree but we did see an article not long ago saying that the 000s stuff will take 2-3 years to be complete, so 2-3 years before 2013 is NOW!

1. RV likely to come in closer to $1 and likely to rise over the next 5 years to $3 or so. 2. Everything that isn't in an article in the news is just speculation, and even the news articles out of Iraq are not reliable.

MED IS SAYING THAT THURSDAY IS THE 1ST VOTE ON THE CURRENCY CHANGE. NOT the DATE for the RV!

Yea I can see it now.. Caller: "Hi I'm inquiring about the RV" IMF person: "Haven't you heard? It's pinging, bank screens are green, Obama signed off, Shabs has a brand new shiny Easy Button and he will be pushing it tomorrow!"

(deleted)

KURDISTAN SPOKESMAN CALLED PARLIAMENT TO REJECT THE DRAFT LAW --- parliament is NOT in session until tomorrow so this was NOT rejected by parliament yet. Iraqi cabinet likes the draft law --- Kurdistan spokesman doesnt.....it's in parliaments hands for a vote ---- it's not rejected yet!

"The coming months will see the introduction of the new currency for circulation, and that the Finance Committee, experts and the Ministry of Finance discussed all the means that would not affect the process of removing the zeros, the citizens' income, or money, or owned by, or on the economic side in the daily dealings." Oh really.... Months!? COOL

Hahahahahaashhhdaadchyvkgchaha

I live in denver and was at dia today... Soooo I think the currency exchange is past security and you need a plane ticket to get there...it's in the B concourse I thought. Well then I looked it up and I was right. http://flydenver.com/ServicesDetail.aspx?URI=tcm:8-13572 So you just dropped in went through security without a ticket took a train to the exchange and heard all about the RV? wowie! I don't think so.

I think the redunance of articles just goes along with what they've said about how they are trying to get the word out to the Iraqis about what's ahead for their currency so that the transition is smoother.

More purchasing power means the dinar is worth more. i.e. go to the store and buy a loaf of bread with your 1 dinar instead of 1000 dinars for example.

I think it translated wrong. I think they mean it will increase the VALUE.

Here: Economist: Central Bank of tools to install the exchange rate raised the inflation rate Baghdad / Conference The economic expert Dargham Muhammad Ali that the causes of rising inflation in recent years caused by the tools used by the Iraqi Central Bank to stabilize the exchange rate with the lifting of the value of the dinar and maintain the stability of the market. Ali said in a study sent by (of the Agency news) said Thursday that the causes of rising inflation in the years latter caused by the tools used by the Iraqi Central Bank to stabilize the exchange rate of Iraq and raise the value of the dinar and maintain the stability of the market in conjunction with government policies wrong in drawing tracks economic cross-rein shocks inflationary raised the rates of inflation. He explained that the rates of inflation growing, in recent months, a matter of return for the reasons non-cash, but for reasons of legislative and legal, by imposing some restrictions of imports and the imposition of customs on imported goods, leading to high rates of annual inflation to (6.5%) during the two months the last. He added that this rise worrying signal needs to processors shared between the government and the central bank without the need to change interest rates current as at acceptable rates, where the group must be at the exchange rate if Matovrt flexibility to reduce the dollar exchange rate in conjunction with the imminent implementation of the policy to delete the zeros by the Central Bank. He said that making the annual inflation rate ranges during the last year and the beginning within the limits of (3 and 4%) which is internationally accepted depending on the dinar exchange rate stable and the relative stability of legislation and income levels. The expert stressed the economic need to ensure increased support for basic food commodities through the ration card which factors as a whole will lead to the absorption rate of inflation in conjunction with the need to work to improve the country's energy as it adds an element of the local product and the cost of basic services, in addition to the need to pressure non-essential government expenditures in the operational side.

I just found another link to it, not currency newshound PHEW My link

In my opinion, no. They're getting rid of the zeros regardless of what word they use. That's why they are making the new currency. BUT they already said that both the old and new currencies would coexist for 2 years so the zeros could be phased out. So I don't think we have to worry about them not honoring the notes we currently have with the zeros on them.

It's from news hound Edited by Vizio don't give links to other dinar sites , first warning

I interpreted this to mean that mid THIS month (August) he had announced that the bill was sent to parliament for consideration, but they have not yet voted on it, since a week or so ago I read an article stating that.

Oh cut it out already.