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DWS112

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About DWS112

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  1. If numbers in the 2019 budget have to change due to monetary reform, this may the reason for a delay in the budget: "The draft federal budget law for the year 2019 will be subject to discussion and reading and voting within the parliament during the three month of the beginning of next year," JMO
  2. Hi Jake21 - This article provides some insight I think: "Such a procedure starts at the beginning of the new fiscal year, not in the middle of it"
  3. This is an October 2018 article. It seems the Assistant Professor believes the project to delete the zeros should be delayed due to unstable conditions. I think this article is important because of his statement about the dinar going international: 10/18/2018 Assistant Professor Dr. Safwan Qusay Abdul Halim, said that the current economic situation does not allow the implementation of the project to delete zeros from the currency, attributed to the unstable conditions in the Middle East and the possibility of the existence of illegal local currencies looking for a way to enter the domestic banking system. Abdul-Halim said in a statement to the Iraqi National News Agency "Nina" The Iraqi Central Bank is trying to restore confidence in the Iraqi currency and enter into the international currency market and facilitate the task of calculations by deleting zeros, and pointed out that the project can cause confusion in monetary policy and the value of the Iraqi dinar. Therefore, the procedure to delete zeros is a correct measure, but the current government to choose the appropriate time to replace the currency and transparent and subject to the highest degree of control was the governor of the Central Bank Ali Alaq announced earlier in a press statement that currencies of small categories may prompt citizens to bid farewell to banks for difficulty to store As the central bank has a future plan to restructure the Iraqi currency, including the deletion of zeros. http://coadec.uobaghdad.edu.iq/?p=18893
  4. Turkey's Money Loses Its Zeros : Economic turnaround - While a new currency has been a Turkish goal for years, the government only put a transition program into effect last year, since for the first time in decades, the inflation level returned to single-digit territory, 9 percent. (guess it helped)
  5. undervalued - I agree I also think the CBI wants and needs this process to complete "without a hitch". To that end there are no mirrors, fake info or lack of transparency that could confuse the iraqi citizen at the critical time. These lop articles could be true just for this reason. IMO
  6. This article is comparing Iraq to Turkey. The results of removing zeros like in Turkey will be the same for Iraq!?
  7. Week of US Dollar Decline ... Boosts Iraqi Prospects (Trump statement on 3 zeros) Wednesday 28 November 2018 at 12:28 The US dollar is witnessing an unexpected decline against the Iraqi dinar, especially after news that the possibility of lifting three zeros from the Iraqi currency in a process equivalent to the US currency. Where relevant sources confirmed the decline of the US dollar against the Iraqi dinar after the news, specifically in Iraqi Kurdistan, where the exchange rate of $ 1,196,500. This decline comes in conjunction with the American interest in buying the Iraqi dinar recently after Trump's statement to strengthen the Iraqi currency in parallel with the United States.
  8. Maybe it is just a reminder to the citizen of the small denom categories that are coming? 1/4 dinar coin, 1/2 dinar coin, 1 dinar coin, 5 dinar note and the 10 dinar note
  9. Per this article, the deletion of the 3 zeros is to make currency trading easier, that's all? All the zeros are a nuisance?
  10. OR... a new 1 IQD note worth $.86 will buy what 1000 IQD note valued at $.86 will buy. Not good!
  11. Looking like fake news: "A source in the Central Bank's information office denied on Friday that the bank's governor Ali-al Alaq was dismissed and that Amad al-Sarraf was appointed in his stead." (baghdadtoday.news)
  12. I am probably reading too much into this statement but, are the new that have been issued and the existing just for local? What about international?
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