Hairball51

Just curious but was Turkey and Lebanon stable? That's a serious question and not a challenge...It would seem to me that their economies were a mess with staggering inflation...but that's just me...

This sounds to me like the cost estimates for introducing the new currency after they "remove" or "delete" the zeroes from the nominal rate. There is even mention within the cost breakdown of "media cost". I am assuming this is in regards to television and print to educate the Iraqi people on the new transaction process. You can't just turn this loose as street vendors would take advantage of some poor fool who wasn't aware of the new value. This is good in that there cannot be an issuing of new currency without an RV.

Yeah it does get frustrating for sure! Here's how I see it going down...They will "remove" or "delete" the zeroes from the nominal rate (.00086 to .86) sometime before the new year. Iraq could do this immediately as their reserves prove they could handle that rate but time will tell when they will do it. As I said though, I think it will be before the new year. They will allow this rate to float and let the market set any further movement. There was an article out the other day speaking of them moving to a more market driven economy which I'm sure includes the rate. The rate movement will more than likely be up as countries continue to invest and oil revenues increase both now and long term. And finally, the newer LD's will be released around January 1st replacing the HD's that Iraq has been buying back through auctions and from investors like us taking the .86 rate to the bank to cash in. IMHO.....

Absolutely! This has been their objective from the beginning. People see Turkey and Lebanon and assume they're talking about the same process, they're not. There are plenty of resources that show from the very beginning, the plan was to remove the zeroes from the nominal value even going so far as to mention in a few articles "decimal places". The only thing that deals with decimal places is the nominal rate. Through really bad translations, people have come to believe in a LOP.

They are removing money through the auctions which reduces the money supply I guess. For every 200 million dollar auction, they are pulling in about 172,000 dinar... In other words, it's dinar they've already bought back.

The point is that they have a ton of reserves especially when you consider all the frozen assets around the globe they should recover soon. I've seen estimates for those at around 80 billion. So, in other words, they're loaded! And when the lifting of the zeroes occurs and the exchange rate goes from .00086 to .86 and they let it float from there and let the market make any future adjustments, it will continue to rise. Their reserves can handle this scenario right now...yet we wait patiently.

Exactly! Right on Total! JWJW has some great articles posted on post #32...read those. Also hame55 makes a great point too...if they're delaying the deletion of zeroes til conditions are right, as many recent reports are claiming, logically they can't be talking about a LOP as there are no conditions necessary for a LOP to take place (other than staggering inflation which Iraq doesn't have but Turkey and Lebanon did)...they would just do it! And they would have a long time ago when a LOP would've made sense.

The last article in English is from The another site Newsletter which did not come through for some reason. What the hell is going on? I try to type another site newsletter and "the another site" newsletter pops up!!!! Ok let me try it this way....A m e r i c a n C o n t r a c t o r s N e w s l e t t e r Like I said, read it and you'll see what they're intentions have been all along. Turkey and Lebanon are two totally different entities all together. They both had staggering inflation with nowhere near the reserves and potential as Iraq. A LOP would be the craziest thing they could do not to mention, Mahi nailed it when he said they would've done it by now.

Sorry for the above post as some of it ran together and makes it difficult to follow. However, if you read it all, you'll see what I am talking about. They will NOT do a LOP!!!

We know that through the auctions, the CBI has been removing these HD's for a while by paying a fixed rate of around $1 per 1166 dinars. As these HD's disappear from the street there will be a need for LD's which will be released. We know they have them and are delaying the release. Any new LD has to be a part of an RV otherwise the LD release would be pointless. The article below is very telling as to what their intentions are. You'll see the term "gradual" used as well meaning a float will be part of the process. Also, every time an article mentions Turkey or Lebanon, who did lop their currency, people get concerned. Turkey removed the zeros off the currency which made the old currency obsolete. Iraq intends to still be collecting the old notes for at least two years, as you'll read below, and has stated that they will both be good currency and usable for that length of time. Ultimately the zeros will be gone off of the Iraqi currency as they were in Turkey's case but it is the way they are going to do it that is different. THERE WILL BE NO LOP!!!!! The reference to other countries is the result, not the process! I hope this helps everyone! Relax...it never has been their intention to drop zeroes from bills and these articles help explain that. Also, see badrabbit's posts that help further what I have put here.... Reveal the intentions of raising the value of each Iraqi dinars to equal one dollar Added by two rivers News A source at the Central Bank of Iraq for four companies currently competing to win a draft print the new Iraqi dinar, which will generate graceful after deleting three zeros from him, while Samay central bank to raise the value of the dinar against the dollar gradually down to the day to start replacementwhere the value will be in the absence of a fluctuating one Iraqi dinars equivalent to U.S. dollars one. The source said the bank and after remarking that blockbuster buy hard currency from the auction, which is supervised by the Central deliberately to sell the dollar worth less than the previous by 3.4 points, with the imposition of conditions buy to prevent the exploitation market meet the demands of neighboring countries, which suffer from sanctions economic and devaluation of their national currencies, all of this to re-balance the local market, which saw the result of what male fluctuate rapidly in prices dinar, adding that everyone knows that the central bank succeeded actually raise the value of the dinar is thoughtful and intelligent since 2003 until now that the price of the dollar equivalent to 240 dinars, but now price tag rose to 1120 per dollar, and this is one of the most important tasks of the central bank, which is responsible for monetary policy in the country, and one of the most important endeavors is to raise the value of the national currency to achieve a higher purchasing power of the Iraqi citizen. The Central Bank of Iraq announced, yesterday, doing the buying and selling dollar at 1166 dinars during the auction, which is evaluated daily with the participation of 23 banks, after it was sell it and buy it at the price of 1170 dinars to the dollar. The deputy governor of the Central Bank of the appearance of Mohammed Saleh in statements to the media », that« the bank to work on raising the prices of the Iraqi dinar against the dollar during its sessions for the sale and purchase of foreign currency by four dinars and by 3.4% to reach to 1166 dinars to the dollar », indicating that« dinar nominal is not commensurate with the purchasing power to him or the real price of the exchange rate of the dinar against the dollar. Saleh added that «the current account of payments Iraq where a large surplus relative to GDP and by 5-8%», stressing that «the surplus is the signal strength and not vice versa as well as the presence of large reserves of the Bank». Saleh pointed out that «the dollar exchange rates in the Iraqi market which recently experienced a slight increase will be affected by the decision of the Central Bank of Iraq, saying that «the Iraqi dinar will be attractive in the Iraqi market. The Deputy Governor of the Central Bank of the appearance of Mohammed Saleh earlier this year for efforts to obtain the approvals executive and legislative authority to ask three major categories after deleting three zeros from the Iraqi dinar, pointing out that the process of replacing the currency will take two years. As Saleh announced in (January 6 2012) from higher reserves the Iraqi Central Bank foreign currency to $ 60 billion, for the first time in the history of Iraq, while stressing its ability to curb inflation if arrived at two places decimal places, considered that current levels do not raise anxiety. Noteworthy that the CBI is being daily sessions for the sale and purchase of foreign currencies with the exception of public holidays during which depends on those auctions. And Zkrmzar Mohammed Saleh, said that the size of the money supply, which will be printed soon consist of 28 30 billion dinars, with calculation of the currency in circulation now reaches more than 32 trillion dinars, and you measure the size of Limbering which dominated the national currency, and the size of the benefits that will befall this project where withdraw monetary inflation and reduce the amount of cash and other. He revealed that the shape of the new currency would be like a mirror reflecting the history of Iraq and specifications will be even better than printing the dollar, and are impossible with falsified, and will be charged properties technical and aesthetic features of an Iraqi national tells the story of civilization and achievements since the dawn of history, as well as she would Arabic and Kurdish as the constitutional text on This addition to the English language as a global system in place in all countries of the world. He said the groups would be equal between the metal and paper issued class (25, 50, 75 and 100) dinars metal and there are groups of 5, 10 and 25, 50 and 100 dinars paper. In order to shed light on the history Iraqi currency was hired to study integrated worked on writing the responsible engineer Mahmoud Shaker al-Rubaie, who was able to document the history of the dinar in this country since its inception and so far, which stated: - Talking about the Iraqi currency and a broad and large is linked political circumstances unstable experienced by Iraq, which led to the entry foreign currency of the policy of the occupied country, when Iraq was under Ottoman control, the (Majidi) is the currency traded in the deal has been named this currency rate to the Sultan Abdul Majeed's father Sultan Abdul Hamid, and parts Majidi is (Alaqچh and righteous ) and continued deal Ottoman Palmgide until the entry Englishmen in 1917 and extract the country from Ottoman control was introduced with the British (Indian Rupee) as an alternative currency in dealing and trading and parts (Anna) and usual that the new currency expel the old currency .. So ended the trading currency Ottoman having entered wild Indian to the Iraqi market and the reason for making the trading Barabah Indian instead lb English due to most troops English territories are Indians Sikhs and Alkirkh. Having crystallized when the British idea of ​​a (Kingdom of) in Iraq and became talk about A boys Sharif Hussein to rise this task has happened in 23 / August / 1921 as crowned Faisal Ibn Sharif Hussein king of Iraq must be of this political shift that is reflected at all levels and to find him there in the currency change. It began pumping Iraqi currency called a new (penny) and this word is out of Byzantine and consists of a small circle of copper in the middle category number and below the word fils and around the circle Kingdom of Iraq and on her right Hijri and to the left Gregorian date other side image of King Faisal I written on it King of Iraq on the right and Faisal I on the left. With the passage of (Iraqi penny) continued (Indian Rupee) trading until the first of October 1932 deal was canceled. After the issuance of (penny) issued a coin is (two mites) and with the same specifications penny but larger than a little then appeared (pubic), a four fils a reward currency English (brown), one of the parts pound continued to issue categories in ascending appeared ten fils a copper then Twenty penny called (the Koran) and the dirham and equal to 50 fils after emerged percent fils then two hundred fils and called (Rial) and equivalent (shilling) currency English which is made of sterling silver and a picture of King Faisal I on the one hand and the other three palms engraved on the thick branch of a tree which large size relatively. and ten years after the coronation of King Faisal I was established Iraq Currency Board in London in 1931 and a law 44 of the same year by which printed paper currency in the sixteenth of March 1932 saw the light first Iraqi dinars bearing an image of King Faisal I on right and the name Kingdom of Iraq at the top and category number in the middle which is written in English and the second in English, where the company (Dollarroa) British print dinar also been printed in small denominations of paper (quarter and half) in India and began the Iraqi dinar expelled wild Indian, according to the rule referred to even end the deal in October 1932. The Iraqi dinar equals 1,000 fils also been printed Order of five dinars and ten dinars and then was put carpaccio% Royal dinars. With the development of political events, specifically on 26 / November / 1934 appeared new dinar He holds a picture of King Ghazi has happened after the departure of King Faisal I quickly changed this picture to be replaced by a picture of King Faisal II in late 1939, when the departure of King Ghazi. Has Council continued the Iraq Currency printing Iraqi currency until the Act No. 43 of 47 and under which was established (National Bank of Iraq), and specifically on the twentieth of July 1947 to adopt Multi printed Iraqi currency and the existence of this bank has been dispensed currency board and its Abolition in 1949, and after several years, specifically in the first of July 1956 a law was passed 72 under which changed its name National Bank of Iraq to (CBI). has not changed form the Iraqi currency and continued printing until the Republic of Iraq in 1958 and the emergence of leader Abdul Karim Kassem in his time occurred many amendments on the currency notes and coins It raised the pictures of the three kings of all currencies were replaced (slogan Republican) new and in the eighth of July 1958 and get a lot of variables on a coin as canceled class (Filsin) and added fils to (pubic) to become (five fils) and Hausa popular salutes leader his work is (lived leader who Zaid pubic .. fils ..) as well as canceled (the Koran), a twenty fils replaced (twenty five fils) while retaining Dirhams and percent fils and cancel (Rial) which is equal to 200 fils, the terms of paper currency, the class percent dinars were canceled and keep the rest of the categories of paper with the addition of symbols Iraqi her like (Palm filling Darbandikhan filling Dukan and Fort Phaenicia and Daura and waterfall entirely on your beacon humpback and Basrah silo and Helicobacter and bull winged and Lion of Babylon and ascend Kut and harp and obelisk of Hammurabi has changed shape currency only a slight change until the revolution of the seventeenth of July 1968 and began to raise the banner of the Republic to be replaced by the aforementioned Iraqi symbols. With the beginning of the eighties of the last century began to appear a coin to replace bank notes small Fezhrt 250 fils compared to quarter dinars and 500 fils, compared to half dinars and 1000 fils against the dinar also issued CBI alloy of gold to the categories (gold dinar and five dinars and ten dinars gold) and sold rate prevailing gold for a short period, and in the mid-eighties of the last century began (feminine) size paper currency from quarter dinars and end Balashr dinars and more characteristic of this phase is the emergence of the Order of the ten dinars and has a picture of the world the great Hassan Ibn al-Haytham that Ohmt people that this currency is not Iraqi!! With the deterioration of the political situation and falling exchange rate of the dinar against the dollar proceeded government to print new class bearing the number 25 dinars and on his face the first image of Arabian horses and the other side is for the coin was then put a picture of former Iraqi President Saddam Hussein instead of Arabian horses were printed this category in Russia. At second of August 1990 got evolution in Iraqi politics overshadowed the dark on the country in general and the currency, especially by imposing (policy economic blockade) by America and its allies, which led to the disappearance of original currency for each category and the emergence of currency printed locally Bmtaba newspapers and journals which lean and devoid of controls applicable universally. . With advancing years siege increased print size and say the dinar exchange rate against the dollar even arrived in 1995 to 3000 dinars to the dollar, which produced tons of currency printed locally. That monetary policy is losing its balance due (currency prosthetic) For the purpose of controlling inflation large began printing classes undefined earlier, such as the fifty and one hundred dinars, carrying a picture Unknown Soldier new Baghdad clock hand and a picture of former President Saddam Hussein from the second and then a class Almaútan and fifty dinars a poster of President as well. did not hold these banknotes in front of the dollar exchange rate with the continued printed locally up seemed meager worthless and large size افقدها prestige .. And continued in 2002 to issue a new class is a paper (10000) dinars to absorb inflation gorge and sagging currency big hit, but to no avail. After more than thirteen years on the policy of blockade and the advent of the CPA and the occupation of the country by the United States and set the civil governor Paul Bremer, who began amending Iraqi laws as it deems is if adopted the Law on the Central Bank No. 73 of 2004 amended, which provides for printing Iraqi currency new currency and rely on dinar Republican in terms of shape and change the category to be consistent with what the corresponding currency printed locally if adopted form quarter dinars to become 250 dinars and half becomes 500 dinars dinar becomes 1000 dinars, as well as five and ten dinars become five thousand and ten thousand dinars with the introduction of class new (25000) dinars to absorb hyperinflation in cash which are of red dye was also an instrument of coins from class 100 dinars and 50 dinars and 25 dinars, but has not been activated widely because of the conditions of inflation and price increases have begun replacing the currency from 01/10/2004 until 28/02/2005 and continuing currency trading referred to above to the present day and talk about the intention of the government remove three zeros from the Iraqi dinar to reach levels comparable with the exchange rates of foreign currencies dry Iraqi dinar back to glory and weighs a healthy beautiful green color.Also, something that is very telling is the April 2012 SIGIR (Special Inspector General for Iraqi Reconstruction) report that said this: "...official exchange rate for Iraqi dinar strengthened marginally against the U.S. dollar, selling at 1,166 per dollar through much of the quarter. That rate is down slightly from 1,170—a level that had held constant for the past three years. However, a spike in demand for dollars generated by merchants from neighboring Iran and Syria—suddenly unable to procure sufficient amounts of the U.S. currency at home because of international sanctions—helped drive the unofficial street exchange rate above 1,320 dinar in mid-April. In April 2012, the CoM postponed indefinitely plans for a currency reform that would have removed three zeros from the Iraqi dinar in 2013 and required the issuance of new currency notes. The reform would have made the dinar’s value slightly less than $1. It is currently worth less than one tenth of a cent .376." http://www.sigir.mil/files/quarterlyreports/April2012/Report_-_April_2012.pdf#view=fit (Look to page 94 in the file to find the above quote) Plus, as badrabbit made mention of in the videos and articles he posted, there has been mention of "decimal points" in certain articles. Below I have copy and pasted something I posted about a week ago. It goes right along with badrabbit's posts. I wanted to throw this out there for discussion about the "deletion" or "raising" of the zeroes. Not only has there has been a lot of chatter lately about when this may take place (recent CBI statements say they are suspending ideas to do it indefinitely) but also in regards to what they mean by "raising" or "deleting" the zeroes. I think I may have found something that will help explain what they mean. I would like to submit an article from January 1, 2012, found here http://www.alsumaria...ue-of-iraqi-din , in which the Deputy Governor of the Iraqi Central Bank Mozhar Mohammad Saleh is discussing the issue. The part of the article I would like to focus on is this: "Deputy Governor of Iraqi Central Bank Mazhar Mohammad Saleh revealed, on December 14, that Central Bank is willing to create 3 money categories following the deletion of 3 zeros from Iraqi Dinar. The currency exchange requires about two years, Saleh pointed out. Reserves of foreign currencies in Central Bank of Iraq increased, for the first time in Iraqi history, to 60 billion Dollars, Saleh announced on December 6 explaining that Central Bank can curb inflation if it reached two decimal ranks." The fact that he makes mention of "decimal ranks" (decimal points) is what I find so interesting. It leaves little doubt to me that the "raising" or "deletion" of zeroes is in reference to the exchange rate, currently 1 IQD = 0.000859900 USD, and NOT the deletion of zeroes from the bills themselves. This is the only place I've ever seen in all the reporting out of Iraq where "decimal" points is mentioned regarding the issue of zeroes. So, as so many have stated in other posts, if you "raise" or "delete" the zeroes from the exchange rate you get 1 IQD = 0.859900 USD. Perhaps this will be their jumping off point and allow it to freely float from there? Also, the line "Central Bank is willing to create 3 money categories following the deletion of 3 zeros from Iraqi Dinar". Is he talking about issuing the smaller denominations after the "deletion of 3 zeroes"? For example....1's, 10's, and 20's, or whatever....That would seem to make sense as well because as we know, they are not ready to release the LD's just yet which might be the reason the CBI recently said they're suspending the "raising of zeroes indefinitely". Adam has been saying all along that no RV could take place without the LD's being part of it. Read more: http://dinarvets.com/forums/index.php?/user/53592-hairball51/#ixzz2Yer7nnfT And finally, because I do not have all day to post some of these (there are a few more), I will submit the following report from The another site Newsletter. There is no need for translation on this article as it is in English and it is very clear in the article what the "removal" of zeroes means. I highlighted the important paragraph. Its amazing how the American contractors who were and still are on the ground in Iraq, know what they mean. Report from The another site October 24th 2011The Iraqi Minister of Oil recently announced that Iraq had increased their oil output to 2.9 million barrels a day. However,that figure is exaggerated. Iraq only exported 2.2 million barrels a day due to the limitations of the infrastructure. Iraq is hoping to reach 3 million barrels a day in out put oil production by the end of the month. This remains to be seen as going from 2.9 to 3 million barrels a day in output capacity with the current limitations will be difficult. In any case, this is a milestone for Iraq. http://www.foxbusiness.com/industries/2011/10/22/iraq-oil-output-capacity-jumps-to-250-million-bd-oil-minister/ The Troops here in Iraq are definitely leaving at the end of the year and with this goes the hundreds of millions of dollars the troops or the US government brought to Iraq. This will have a lasting effect on the Iraqi economy. This scenario could be short lived if the Iraqi government can acquire foreign investments. The Iraqi government will now have to find the funds to fill the void. After numerous meetings and consulting with various entities the consensus is that there will not be any movement with the Iraqi Dinar currency. The Iraq currency reform report will not commence this year as the Iraqi parliament will not schedule this for discussions. This remains in the hands of the Council of Ministries who have already reviewed the currency reform report courtesy of Governor Sinan al-Shabibi. In addition, the Currency Reform report has also been reviewed by a committee that has been set up by the Iraqi Parliament. There will be no action taken this year as more debates and discussions are continuing with the government and private enterprise. This is the reason for the continued articles in the media referencing the same facts over and over. The Central Bank of Iraq (CBI) continues to move at a snails pace when it comes to removing the 25k notes from circulation and at such time will be replacing those denominations with another newer Iraqi currency. There are six new denominations being considered and when the decision is finalized they will be printed. Many claim this is premature as the Iraqi Parliament, Council of Ministries and the legal department are still reviewing and debating the Central Bank of Iraq Currency Reform report.

Thank you UNEEK for bringing this in here. I go between this site and Kap's as I think they are the two best sites out there. I think what Tlar, Kap, and Ernorstre say is pretty logical stuff and have a lot of evidence to back it up. Truth is, they are not "GURU's" no matter how some want to portray them and dismiss what they say. Thanks again for bringing this here...

Right back at you my friend! I totally agree especially when you look back to the original intent of the new currency and the raising of the zeroes. I've been doing a lot of digging in the last 24 hours and have found some pretty good stuff that should help quell the fears of a LOP...I just need the time to post them...lol.

Amen to that!!!

Aaaaahhh yes I see it now... thanks...

What specifically hasn't update because I was able to see auction info and exchange rate info???

Phenomenal point and something I didn't think of...

I don't think anyone is advocating quitting their job and going nuts but this article, along with many that came out over the weekend, is a good reason to be optimistic....not foolish...but optimistic.

News just keeps getting better!!!

I'm lost as to why they would come out and say such things, no matter how great they may be for us, but they completely go along with what Kahlil said all weekend long!

The latest daily currency auction was held in the Central Bank of Iraq on the 8-Jul-2013. The results were as follows: DETAILS NOTES Number of banks 19 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 227,768,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 227,768,000 Total offers for selling (US$) -----

I thought I would throw this out there too! And this is from Maliki! Given this statement and what I posted above, if strengthening the dinar is their ultimate objective, a LOP just doesn't seem to be the way to do it. I believe the last line of this article is speaking directly about the purchasing power of the dinar against the dollar. Said a member of the Economic Committee in the House of Representatives Abdul Salam al-Maliki said the government tends to take urgent steps to strengthen the Iraqi dinar. Maliki said that the government would take steps to transform the Iraqi market to a promising market, noting that the Iraqi Central Bank is responsible for monetary policy and there is a tendency for the integration work between the central bank and the government to raise the purchasing power of of dinars Fimkabl the dollar. http://translate.google.com/translate?langpair=ar|en&u=http%3A%2F%2Fwww.imn.iq%2Fnews%2Fview.5514%2F

It's funny how two people can read the same articles and come to two different conclusions. I thought it was pretty good news in that in the first article they tie the deletion of zeroes into a currency exchange. They were discussing the deletion when they said "the parliamentary asked the central bank to wait on the subject of currency exchange" and to me that sounds like pulling in HD's and releasing LD's. I think this kind of backs it up when they said "a number of measures should be taken when you begin to replace the currency, including strengthening the purchasing power of the dinar." As I said, it sucks they're talking about delaying the process until perhaps after the e;ections but maybe this is a clue as to how they will go about doing it? In the second article, "during the deletion of the remake of the currency" sounds again a lot like pulling in HD's and releasing LD's. Plus, I think Iraq going from "debtor to donor" in the context of speaking of the reserves is good news as well. If they're wanting to give the dinar more purchasing power, a LOP seems unlikely. Just my opinion though...I don't want to see this thing in an unreasonable light. I think all the info we can get will help us to kind of see where they might be headed even if it is after the elections.

11:11 07/08/2013 Baghdad - and babysit - a member of the Finance Committee ruled Faleh parliamentary force the deletion of zeros from the currency during the current period due to poor political and security situation in the country. The sari in a press statement that "the Finance Committee, the parliamentary asked the central bank to wait on the subject of currency exchange due to the circumstances political, security and near the time of the parliamentary elections, noting that this topic would be delayed until after the next election can not proceed applied in the present time." "The experience of the deletion of zeros from the Iraqi dinar is not the first experiment of its kind, as some expected, but that there are many experiences in the world has proved successful, pointing out that a number of measures should be taken when you begin to replace the currency, including strengthening the purchasing power of the dinar." And "he must permeate the mechanism of deletion of zeros from the dinar great technique ensure that fraud when you change the currency, adding that the process of withdrawal of currency must fall within the mechanisms and procedures include the lack of pushing counterfeit currency where the new currency, and this will contribute significantly to the support of the Iraqi dinar and strengthening the economy, "... p / i http://translate.google.com/translate?hl=en&sl=auto&tl=en&u=http%3A%2F%2Falrayy.com%2F-- To me this screams removal of the higher denominations while releasing LD's and increasing the purchasing power of the dinar...RV perhaps? I know it says it should be delayed but as long as this is the process, we'll all be happy! Here is another positive article: Baghdad-time Member of the Economic Committee predicted Parliamentary Abdul Hussein abtan, Sunday, the political problems do not affect the project delete zeros of the Iraqi currency Pointing out that Chapter VII was the largest project of the marokat claimant damages currency accumulation. Abtan said in a statement to "time", "the Central Bank introduced an integrated project to the Government and Parliament, and long discussions with experts and specialists, contributed to ease caveats from the deletion process. And that "everyone finds positives to raise zeros from the currency more drawbacks, as well as being an economic strategy while inevitable drawbacks within record time by the Central Bank". Alabtan noted that "this does not mean the absence of negatives in the project, there will be administrative and financial effort for the success of the operation, in addition to the potential constraints and other financial arrangements may get during the deletion of the remake of the currency". He pointed out that "Item 7 which came out of Iraq was the greatest obstacles to the implementation of the project, the possibility of accumulation of currency abroad claim compensation, but after this, it became necessary to start deleting zeros ", indicating that the cash reserves in the Central Bank reached $ 76 billion, and that Iraq turned from debtor country to a donor country, is a clear". The "proven experience in neighbouring countries such as Turkey and Lebanon and other do not have to worry about currency and economy setback". He was Deputy Governor of the Central Bank of the former appearance of Mohamed Saleh warned start raising zeros at the present time, given the Iraq parliamentary election turnout of 2014 can create a transitional situation confused affect negative currency. http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.awaniq.com%2Findex.php%2Fen%2F2013-06-20-22-37-32%2F405-2013-07-07-07-40-42 To see Iraq as a donor nation and not a debtor nation to other nations makes sense to me only through the light of an RV. Am I being too naive? Lol....

I thought these minor fluctuations were the result of the dollars movement. As of now, the dinar is not trading internationally so these are fluctuations based off the dollar and CBI's auctions. This is a pinned topic and this should really help explain it: http://dinarvets.com/forums/index.php?/topic/102812-please-stop-looking-iqd-is-not-on-forex/

The news lately concerning the removal of zeroes seems to be all positive in that it is the kind of "removal" we're looking for...the removal of the higher denominations. They've been accompanied with statements about improving the purchasing power of the dinar and making a 25,000 dinar a 25 doesn't accomplish that objective. Try this too: http://dinarvets.com/forums/index.php?/topic/153565-possible-clarification-on-deletion-or-raising-zeroes/#entry1205082