Delete the zeros of the local currency enhances the value of Iraqi dinar in the International Monetary Fund

[DinarDana]

Iraq Finance Committee member Haitham Jubouri clearly states phase two will be the “introduction of two currencies as will be There are two currencies to trade at the same time go hand in hand), but (that the purchasing power of the new currency will remain fixed).

http://www.azzaman.c....htm&storytitle

Ahhhh yes, I remember now. I get the impression that they may introduce new banknotes, but not the entire set at once. Thanks for posting. Good information.

[DinarChiTown]

Please start replacing the word "Redenomination" with "Lifting the Zeros". Then there wouldn't be so much debate. It's plain and simple folks.

[trooper]

Ahhhh yes, I remember now. I get the impression that they may introduce new banknotes, but not the entire set at once. Thanks for posting. Good information.

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.

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.

Edited February 17, 2012 by trooper

[gregp]

I will probably regret I even brought it up,.........but..............LOPs don't liberate.

Yea.....You suck.

[alan_coaks_3]

Just do it already drop the zeros of the iraqi dinar currency hurry up iraq stop talking about it and do it

[zigmeister]

Yea.....You suck.

I hope your kidding.

[Joker017]

Yea.....You suck.

Not Cool...

[fastarnie]

DinarDana,

Thank you very much for the reply. Very professional response that is most respected. :twothumbs:

I hope your kidding.

Kidding I'm sure

Not Cool...

Slow down and read Carrellos' post one more time.

[zigmeister]

DinarDana,

Thank you very much for the reply. Very professional response that is most respected. :twothumbs:

Kidding I'm sure

Slow down and read Carrellos' post one more time.

After reading Carrello's post I don't find the humor in Gregs response. Maybe I am missing something....which happens. Perhaps I will go to bed and be enlightened by sunrise.

[DinarDana]

DinarDana,

Thank you very much for the reply. Very professional response that is most respected. :twothumbs:

And Trooper did a great job too. There is a treasure trove of information gathered in this thread. Thanks for asking and you are welcome!

[JustNTime]

Iraq Finance Committee member Haitham Jubouri clearly states phase two will be the “introduction of two currencies as will be There are two currencies to trade at the same time go hand in hand), but (that the purchasing power of the new currency will remain fixed).

http://www.azzaman.c....htm&storytitle

+1 Trooper!

trooper, on 16 February 2012 - 10:35 PM, said:

The CBI actually purchased ten machines from De La Rue in October 2011 for $15.9 million

http://cbi.iq/docume...versal-1.en.pdf

Haitham al-Jubouri: Deletion of zeros from currency needs to be two and three stages; 6 month intervals http://www.alforatne...25-57&Itemid=57

Iraq Finance Committee: Announces the end of the first phase of the project to delete the zeros from the currency http://www.alforatne...25-57&Itemid=57

<br style="font-family: tahoma, arial, verdana, sans-serif; font-size: 13px; text-align: left; ">

DinarDana

I believe those ten machines from De La Rue are sorting and counting machines. Thanks for posting those links.

DD I believe a machine that cost $1.5 MILLION should PRINT, sort, count, and ask how high you want it stacked, or do anything else you wanted it to do

Edited February 17, 2012 by JustNTime

[fastarnie]

After reading Carrello's post I don't find the humor in Gregs response. Maybe I am missing something....which happens. Perhaps I will go to bed and be enlightened by sunrise.

Not every ones humor is the same.

[leesburg]

go put in an order for 2 ta 4 .BILLION . coins and another 5 billion notes ..and see how long it takes to get them delivered ... i am a machinist and have been fo 35 years ... those presses stamping out those coins are not lightning fast .. and i dont think they would change a currency to a coin .. and start with just some of them .. ..they will wait till these coins are finished ..before the exchange takes place ... id say you could posibly get 50,000 coins on a good day ..from a press ... so whos doing this work ?....how many machines could be running and how long would it take to make a couple billion coins...these are not going to be run like a punch press making washers ... striking a coin is different ..any way after the coins are made they would need to be distributed.....thats no walk in the park either ..... they have only had their soverenty for a short time .. but things may of been going on for years ..and they may be close ....if it does turn out to be a lop .. im looking for a 3 to 4 dollar dinar ..... no lop we should see hopfully 30 cents for one dinar.. i just dont see iraq with 29 trillion dollars worth of new currency to spend ..the entire worlds money supply is around 56 trillion dollars worth... just an opinion ..not claiming anything is fact ..or any secret contacts

http://www.husseinandterror.com/

[fnbplanet]

DD I believe a machine that cost $1.5 MILLION should PRINT, sort, count, and ask how high you want it stacked, or do anything else you wanted it to do

For that much, it better have the vodka poured into the red bull at 5:30PM everyday and offer to babysit all evening.....

[Sector]

I have a question what is the difference between the gurus who predict the RV everyday and the lop gurus who predicts the lop will happen everyday?

Where did the word lop come from and what dose it mean?

I know what my motivation is to read this site every other hour. I mean I am stalking this site for new info. My motivation is the RV!!!

I ask this question why would any lopster waste all his time reading every acticle, reading every post and then take so much time resheaching to explain why there Is going to be a lop?

Why are lopsters wasting there time posting if they know it's nothing to gain?

What is a lopster motivation on this site? Can anybody please explain.

[Stryker365]

I have a question what is the difference between the gurus who predict the RV everyday and the lop gurus who predicts the lop will happen everyday?

Where did the word lop come from and what dose it mean?

I know what my motivation is to read this site every other hour. I mean I am stalking this site for new info. My motivation is the RV!!!

I ask this question why would any lopster waste all his time reading every acticle, reading every post and then take so much time resheaching to explain why there Is going to be a lop?

Why are lopsters wasting there time posting if they know it's nothing to gain?

What is a lopster motivation on this site? Can anybody please explain.

That alone is a bigger mystery than the RV of the Iraqi Dinar..... ...I too wonder these exact questions, either they office in the CBI and are trying to get us to sell our dinar back to the brokers or they have no life....either way..I could care less...wait one more they do not hold dinar and get their kicks from trying to make others as unhappy as they are in life.....I have my ignore and report buttons close by at all times now...

[hammer911]

I hate to be the person that says this and some one please correct me if I am wrong... But I thought that I had read this before and well...it is a great story and artical and I am sure JustN did not no it but here is the link to the firt time it was writen...Sorry guys......

http://articlesofinterest-kelley.blogspot.com/2010/11/finance-delete-zeros-of-local-currency.html

[Stryker365]

I hate to be the person that says this and some one please correct me if I am wrong... But I thought that I had read this before and well...it is a great story and artical and I am sure JustN did not no it but here is the link to the firt time it was writen...Sorry guys......

http://articlesofint...l-currency.html

Hammer, you're right recycled, I got it, it's the same employees of the CBI that are on here, they put these recycled lopster articles out and then they come on here to debate them. We are on to you guy's you can stop now….

JustNTime would you take this and make it big and colorful so all of them cans see it, I'm a big fan of your artistic work....

[JayP]

That alone is a bigger mystery than the RV of the Iraqi Dinar..... ...I too wonder these exact questions, either they office in the CBI and are trying to get us to sell our dinar back to the brokers or they have no life....either way..I could care less...wait one more they do not hold dinar and get their kicks from trying to make others as unhappy as they are in life.....I have my ignore and report buttons close by at all times now...

That's a real shame.. I was just thinking how this was one of the best threads I have read on here, with respectful opinions from many different angles, and now we go back to this method of trying to prove how one's opinion must be right over the other... such a shame.. we were so close... I think we have been watching the Iraqi politics for far too long... one step forward, 2 steps back.

Edited February 17, 2012 by JayP

[zigmeister]

That's a real shame.. I was just thinking how this was one of the best threads I have read on here, with respectful opinions from many different angles, and now we go back to this method of trying to prove how one's opinion must be right over the other... such a shame.. we were so close... I think we have been watching the Iraqi politics for far too long... one step forward, 2 steps back.

This is the problem with these articles, most of the time they are cut and paste with iffy translations. This being an old translation is normal for Iraq. The best gage is what are they doing as opposed to what they say they are going to do. We might glean more from their actions, as they don't always walk their talk.

[Carrello]

DD I believe a machine that cost $1.5 MILLION should PRINT, sort, count, and ask how high you want it stacked, or do anything else you wanted it to do

For that much, it better have the vodka poured into the red bull at 5:30PM everyday and offer to babysit all evening.....

There is much more to the printing of currency than just a machine, and Dana has explained this before. You must consider the printing expertise, security, expense, etc. But Dana is the currrency professional, and perhaps she will be back to address it. She is sure the purchased machines are not printers.

[JayP]

This is the problem with these articles, most of the time they are cut and paste with iffy translations. This being an old translation is normal for Iraq. The best gage is what are they doing as opposed to what they say they are going to do. We might glean more from their actions, as they don't always walk their talk.

Yes, that is true Zig.. That is the only problem with this particular news site as well. This may just be an old archived article, so it may be the same article. I noticed yesterday that the date is not on this article, so there is no way of telling when this article was from. Not that anything has really changed much since this article was published by the news site, and it did at least remind us that the IMF does support the plan, so even though it was older, it was useful in clarifying something for us.

I agree though, definitely keep on eye on what they do. I look at what they do to formulate an opinion as well, but then I look for something to verify my speculations based on what I see as well...

[fnbplanet]

There is much more to the printing of currency than just a machine, and Dana has explained this before. You must consider the printing expertise, security, expense, etc. But Dana is the currrency professional, and perhaps she will be back to address it. She is sure the purchased machines are not printers.

Sorry, I didn't use quotation marks in that copy/paste from another's comments. I don't believe they even have the security to print their own, let alone the expertise.

FYI - did you know that US "paper" currency doesn't have any PAPER in it? It's 75% cotten, and 25% some kind of linen. It's much more durable and harder to fake ( I can't spell counterfeit).

[Carrello]

Sorry, I didn't use quotation marks in that copy/paste from another's comments. I don't believe they even have the security to print their own, let alone the expertise.

FYI - did you know that US "paper" currency doesn't have any PAPER in it? It's 75% cotten, and 25% some kind of linen. It's much more durable and harder to fake ( I can't spell counterfeit).

fnbplanet, can you imagine the security required to print currency in Iraq?

I love those bits of trivia that make it interesting. Thanks.

Thank you for your response.

As TonyDownTheShore said, these Palm articles from http://www.nakhelnews.com are questionable as far as being up to date news. We have three, I believe, this morning, that are very positive, but have no date on them. Our news gathers need to watch the Palm news. I don't believe their "news" applies to our current status.

[JustNTime]

Hammer, you're right recycled, I got it, it's the same employees of the CBI that are on here, they put these recycled lopster articles out and then they come on here to debate them. We are on to you guy's you can stop now….

JustNTime would you take this and make it big and colorful so all of them cans see it, I'm a big fan of your artistic work....

Thanks Stryker! +1 back to ya, because someone neg you, wow.

I cant edit original article. It want let me.

But, I wonder again, you think the CBI could actually be behind these recent reprints?

As in, they were ready a ways back to RV and it didnt happen then, so now they are ready again and have informed reporters to reprint old articles, as they are back at the starting gate. just thinkin