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Parliamentary Finance: Delete the zeros from the currency needs to be two and three stages


trooper
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"That is the second phase that people think we are in. My point was that just because the first phase is done doesn't mean that they are automatically in the second. I've been wrong before, so we'll see. "

Two still comes after one in my book. Why, in Allah's name, would they even TALK about three phases and mention that they have finished phase one? I understand that some people have a need to be contrarian, but that's just rediculous.

FNB, I'm leaning towards Fastarnie's postion. Projects come in phases, it doesn't mean that there won't be a second phase, just that they may not have started the second phase. For instance, If I'm constructing a building, and the first phase is laying the foundation, and then the second phase is the frame, and the third phase is the exeterior and roofing, etc... I can lay the foundation, and complete the first phase, but still not start on the second phase of the framing the house. There could be many reasons for not starting the second phase, but until I start putting up the framing, I've only completed the first phase.

We're just waiting, perhaps you are correct and the second phase has started, possibly with the recent lowering of the exchange rate? Who knows?

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I still believe Randalln is on to something BIG in that indeed they are already working the new currency out into mainstream.... So sayith Randalln's friend...and that sure does seem to fall in line with what this article is reporting on. We never really SAW phase one take place, so why would we notice phase two going into effect?

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Carrello, you know how much I love and respect your opinions, hell we talk on the phone a few times so please don't take this wrong but I believe the last time we all had a posting conversation about the CBI purchase of the machines even DinarDana said she could be wrong. Hey believe me she could be spot on but my research as come up with a different conclusion. Not 100% because unless you can see an invoice or the machines themselves there can be no guarantees about them.

I concur with the point that if these were printing machines there would be no necessity of scattering them throughout Iraq. What, is someone thinking Iraqis will be needing lower denominations even before the ink is dry? I doubt it very much.

Edited by Sanssouci
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JMO...Please tell me your thoughts! Thanks!

PHASE 1 Printing new dinars...that's happening now, has been for awhile...phase 1 will continue during 2 and 3!

PHASE 2 Pulling in current dinars with large auctions...that's happening now.

Now it's saying two currencies at the same time...current dinars, which we own (that they are pulling in) and US dollars that they are handing out! Two currencies in country! I think we will be told at some point that if you want to get your money out of what you have...you better turn them in. (deadline maybe?)

Phase 3 Having US dollars be turned back in for new dinars at a rate of 1 to 1? then you'll have everything changed over to new dinars by the end of 2013. Then you'll see the value go up in the $3, where we think it belongs.

?????

MAKEITRAIN...

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JMO...Please tell me your thoughts! Thanks!

PHASE 1 Printing new dinars...that's happening now, has been for awhile...phase 1 will continue during 2 and 3!

PHASE 2 Pulling in current dinars with large auctions...that's happening now.

Now it's saying two currencies at the same time...current dinars, which we own (that they are pulling in) and US dollars that they are handing out! Two currencies in country! I think we will be told at some point that if you want to get your money out of what you have...you better turn them in. (deadline maybe?)

Phase 3 Having US dollars be turned back in for new dinars at a rate of 1 to 1? then you'll have everything changed over to new dinars by the end of 2013. Then you'll see the value go up in the $3, where we think it belongs.

?????

MAKEITRAIN...

I do believe it would not US dollars they are handing out but the freshly printed brand new IQD currency.

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while the second phase of the introduction of two currencies at the same time, and will last six months to pull the old currency and the survival of the new currency."

Read more: http://dinarvets.com/forums/index.php?/topic/101379-parliamentary-finance-delete-the-zeros-from-the-currency-needs-to-be-two-and-three-stages/#ixzz1k89PGRK1

That's just it people claim we are in the second phase. Now if that were true, it states in the article the introduction of two currencies at the same time. Which we have not seen. Bottom line is there's no proof that the second phase has started. Unless I missed it, but honestly I'm on here everyday and have been looking for this to be announced. :)

That is the second phase that people think we are in. My point was that just because the first phase is done doesn't mean that they are automatically in the second. I've been wrong before, so we'll see. :)

I see what your talking about now.......I see it being two different things tho....

the currency that has already been and being brought in now thru the auctions and maybe thru people depositing their dinar and the CBI putting them in their vaults has nothing to do with what this article is talking about IMO,

This article is talking about the third stag being the currency that is brought in as the new currency (stag 1) is put out to the population thru the exchange of it....

This article is educational to the public and has nothing to do with the big finance part of the project....two different things all together...

That's my take on it but again I could be wrong....

Sorry I should have used the word phase not stag.......

Phase i........print currency

Phase 2.......distribute new currency

Phase 3.......bring in the old

2 - 3 two currencies will co exist at the same time

Edited by Stryker365
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This news story might shed some light:

15/01/2012 11:43:00

Signed by the parliamentary Finance Committee Haitham Jubouri currency to be replaced by deleting three zeros from the end of 2013.

He said in a statement to the Agency for National Iraqi News / Nina / Today: “The process of replacing the currency will be three stages of the first printing of new currency and the second came on the market and the third withdrawal of old currency, adding that he will be the completion of the purchase of equipment printing the new currency in the first half of this year “.

He Jubouri: “The Finance Committee was wary of deleting three zeros from the currency and cause an increase of the rate of inflation and exploited in the process of money laundering, but we got assurances scientific specialists in the Central Bank and Cdo that the replacement will support the Iraqi currency against other currencies so that there is a balance between the value in the hands of the citizen with the commensurate with the value of the real exchange rate markets. “

He explained: “The replacement of the existing currency will be accurate and thought no need to fear them or of the fraud, because it will print with the latest devices that can not be forged, adding that the process of replacing the currency does not need to be approved by Parliament, but was consulted committees of financial and economic developments in the House of Representatives He received the Central Bank approval.

He was adviser to the CBI the appearance of Mohammed Saleh said in a press statement prior to the completion of preparations for the implementation of the project to delete the zeros and the issuance of a new Iraqi currency, in the framework of the currency reform of management system in preparation for the next stage.

He noted that the decision by deleting the zeros will be followed by a period of awareness to dispel fears and shed light on the fact that the reform measure designed to facilitate the exchange will not affect the incomes and wealth.

The Iraqi Central Bank estimates that the amount of Iraqi dinars traded rose from about $ 25 billion in 1980 to about 27 trillion at the present time it has increased any thousand and eighty-fold.

Link: http://translate.google.com/translate?hl=en&langpair=ar|en&u=http://ninanews.com/arabic/News_Details.asp%3Far95_VQ%3DFJKIFL

This story aligns with that one and it says the timeline for buying the equipment is the first half of this year. Although there is no mention of when the new equipment will be used, I think that is a closely guarded secret that only a few privileged people know.

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Carrello, you know how much I love and respect your opinions, hell we talk on the phone a few times so please don't take this wrong but I believe the last time we all had a posting conversation about the CBI purchase of the machines even DinarDana said she could be wrong. Hey believe me she could be spot on but my research as come up with a different conclusion. Not 100% because unless you can see an invoice or the machines themselves there can be no guarantees about them.

I hear you, maybe Dana can chime in again. I take what Dana says with great value - she is a currency consultant and knows DLR well.

No harm, no foul Stryker. This is what makes the conversation lively and educational. Keep the Carrello suite open!

Desert Update: Bob Hope was cancelled today because of the wind - between 40 and 80 mph.

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So I just got on board with all of this about a week ago. As a "newbie" I have been reading and reading. I am beginning to get a grasp of all the lingo. I can't seem to find what the "LOP" means though. Also, I keep reading blogs/sites of how the dinar gets broke down. I bought 5000000 and I have been told that it will then be converted to 5000USD when all is done. Does that mean if they delete 000's? IF not..........then they RV will it be 50000? I am lost lol

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I hear you, maybe Dana can chime in again. I take what Dana says with great value - she is a currency consultant and knows DLR well.

No harm, no foul Stryker. This is what makes the conversation lively and educational. Keep the Carrello suite open!

Desert Update: Bob Hope was cancelled today because of the wind - between 40 and 80 mph.

Strkyer, this is the response Dana gave me last Sunday when I asked about the printing machines:

"I would be highly surprised if a war torn country has the "experts" to print their. own currency. NO, No, no they mean something else - No they cannot afford the startup costs alone with such low purchasing power to purchase the experts, supplies., technology, nor equipment. This is a very poor translation and I believe if you replace the word equipment with supply then it may make sense."

Read more:

One more thing: As long as we are going to buy the Belagio, I say we buy Penske's big oval track too. My motto is methanol in the morning!

Edited by Carrello
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Zig, sorry I must have over looked your post.....I believe I answered your question above on this page #5, if I have not just let me know and we can all work thru this together like always...

I know you answered....did I double post? huh.....doing two things at once, having a toddy and warming up left overs! We're good.

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Zig, sorry I must have over looked your post.....I believe I answered your question above on this page #5, if I have not just let me know and we can all work thru this together like always...

The information you are bringing forward is so well thought out and informative, and it is so pleasant to watch everyone working together. You and Zig make a good team. Thanks for everything you both bring to DV.

Ah, it is cocktail time. Thanks Zig!

Edited by Carrello
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Strkyer, this is the response Dana gave me last Sunday when I asked about the printing machines:

"I would be highly surprised if a war torn country has the "experts" to print their. own currency. NO, No, no they mean something else - No they cannot afford the startup costs alone with such low purchasing power to purchase the experts, supplies., technology, nor equipment. This is a very poor translation and I believe if you replace the word equipment with supply then it may make sense."

Read more:

One more thing: As long as we are going to buy the Belagio, I say we buy Penske's big oval track too. My motto is methanol in the morning!

You got it Carrello, we can burn thru some methanol in the mornings.......my wife L has a 69 Camaro that's ready for a kick a## motor to be dropped in and your going to like what we did to it.............post RV buckle up for the ride of your life....... B)

As for the machines.........who really cares....all we should care about anyway is a end to this crazy ride called the dinar.........

Here's a toast to you and Zig, and everyone else out there have a toddi........ ;)

Edited by Stryker365
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You got it Carrello, we can burn thru some methanol in the mornings.......my wife L has a 69 Camaro that's ready for a kick a## motor to be dropped in and your going to like what we did to it.............post RV buckle up for the ride of your life....... B)

As for the machines.........who really cares....all we should care about anyway is a end to this crazy ride called the dinar.........

Here's a toast to you and Zig, and everyone else out there have a toddi........ ;)

What's a printing press or or two or ten between friends. Nothing.

I knew I would like L. My kind of woman. I hope she will take me for a drive after the Texas breakfast.

See you, friend.

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You got it Carrello, we can burn thru some methanol in the mornings.......my wife L has a 69 Camaro that's ready for a kick a## motor to be dropped in and your going to like what we did to it.............post RV buckle up for the ride of your life....... B)

As for the machines.........who really cares....all we should care about anyway is a end to this crazy ride called the dinar.........

Here's a toast to you and Zig, and everyone else out there have a toddi........ ;)

Here is a thought Stryker what if they pre printed new currency for just the moment. It has been sitting and waiting for the chapter 7 release? Just a thought.....but I suspect it.

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Here is a thought Stryker what if they pre printed new currency for just the moment. It has been sitting and waiting for the chapter 7 release? Just a thought.....but I suspect it.

Zig, I don't think I would bet against it........but I do think they have not had it printed for long....as in the last few weeks or sooner, just from the tone of a few articles lately,.... IMO.

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Zig, Carello, and Stryker,

Thanks guys, I appreciate what you all have brought to the table. Carello, I agree about Dinardana, she is awesome! Have not seen her around much lately but I really listen to what she has to say. Thanks again guys! :)

I will tell you what I really respect your point of view. And I think you are a top notch guy. :tiphat:

Zig, I don't think I would bet against it........but I do think they have not had it printed for long....as in the last few weeks or sooner, just from the tone of a few articles lately,.... IMO.

Stryker don't trust the articles, just watch they do.

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Desert Update: Bob Hope was cancelled today because of the wind - between 40 and 80 mph.

***///

Lousy golfer, who cares....

(actually, i played several holes behind him & clinton once, (the secret service closes 3 holes

front/back of the pres when he plays for security reasons) he was a better golfer than clinton, though!!!! :lol:

Now, back to our troop morale:

Do we still get that girlie... Ann Margaret...?

Woo-Woo! :P:wub:

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I will tell you what I really respect your point of view. And I think you are a top notch guy. :tiphat:

Stryker don't trust the articles, just watch they do.

Zig, I think you misunderstood me, i was agreeing with you on the printing of the currency, just think they just now got it printed in the last week or two.......or did I miss something in your post.......getting tired so forgive me if I did...

Zig, Carello, and Stryker,

Thanks guys, I appreciate what you all have brought to the table. Carello, I agree about Dinardana, she is awesome! Have not seen her around much lately but I really listen to what she has to say. Thanks again guys! :)

Thanks Unitedrich, I enjoy your input also and you are a stand up guy.....

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DeLaRue does not sell printing equipment. The only thing they actually still sell themselves is sorting equipment.

"De La Rue manufactures a range of machines to manage cash including banknote counters, banknote sorters, coin sorters, ATMs, and ticket dispensers. In September 2008, the majority of the cash handling division of De La Rue was the subject of a Carlyle Group-backed management buy-out (MBO) and renamed Talaris. Only the banknote sorter part of the business remained within the De La Rue group."

You can read all about them on their website. Interesting company.

The dinar that we hold, were printed by De La Rue machines from few different locations in several countries.....IF De La Rue does not sell printing equipment, I wonder where those countries got their machine from? hmmm...

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No, they were printed by DeLaRue and others. I don't think we know who actually built the presses. It is the plates and paper that are special. Once you have the plates, they run on conventional offset and letterpress equipment. DeLaRue assisted in the production of Iraqi Banknotes by leading a consortium of world wide currency producers back in 2003:

"News Release : 7 July 2003

In response to today's press announcements in Baghdad, De La Rue confirms that it is in discussions to assist in the production of banknotes for Iraq. The Company will lead a consortium of global currency specialists to manufacture the banknotes."

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No, they were printed by DeLaRue and others. I don't think we know who actually built the presses. It is the plates and paper that are special. Once you have the plates, they run on conventional offset and letterpress equipment. DeLaRue assisted in the production of Iraqi Banknotes by leading a consortium of world wide currency producers back in 2003:

"News Release : 7 July 2003

In response to today's press announcements in Baghdad, De La Rue confirms that it is in discussions to assist in the production of banknotes for Iraq. The Company will lead a consortium of global currency specialists to manufacture the banknotes."

Yup....totally agree..it is the plates and the paper. But i dont believe they run on ANY conventional offset equipment. :D

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