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

[fastarnie]

I was told the Kurdish language can be printed onto the existing currency....simple and inexpensive process.

This is exactly what they told us about the currency we hold when it was printed.....its recycled garbage IMO. The dinar we hold has more security features then the dollar...

Now that I don't know. Maybe DinarDana can chime in on this. She seems to have some knowledge about currency and how it was made.

[JayP]

Thank god we have you!

Ive also seen many articles that state the will raise the exchange rate....its all interpretation and all what your mind will allow you to think....to many unanswered questions....that none of us will ever have the answers to.....people just follow JayP....hes the smartest! He reads better than anyone.....you know all you lopsters always wanna push the Oakie thing.....just because you have been scarred by the big guru turds of the dinar world doesnt mean we all have......honestly Ive never read about the dinar on any other site....couldnt even tell you what his site looks like.....but what I can tell you is the solid majority of the members here believe we will see an RV of around 1to1 at some point soon...and I tend to agree with them....so not really a need to let "us" know anything.....now the need truly is for you to let me know when you show me proof that an RV cant happen like we want....and dont give me a bunch of "oh theres to much in circulation" or the "CBI" says so" thats your interpretation of what you think cause you are being told to think outside the box a little JayP....they aint gunna tell us the truth about nothin....read between lines.....look at the big picture....

Here I will give you one riddle.......the cbi claims they want to delete the zeros AND the cbi has claims they've been "sucking" in trillions of dinar.......could they have anything to do with eachother?

Little help.....the cbi and the goi and us govt and the news says a lot!!!!! Half of which changes everyother day! :)

Well.. glad to be here

Well, this may come as a shocker (you may want to sit for this ) but I do agree with you to some extent, that you have to think outside the box a bit. I have heard that they were sucking up dinars from various others as well, so I have been looking for evidence of this as well. They said that in 2010 and 2011 as well, and I hoped that this would show in the CBI Annual Bulletin as well, so I watched the 2009 and 2010 reports when they were released, but there was nothing to support that, so I will definitely be watching for the release of the 2011. It was one of the things that was said that kept me hopeful though.

I know you are not interested is showing how you know this though as you indicated above, so I will not ask if you know where they say this, and how much they have been drawing in. Some out there have been saying that has been happening for a couple years now, so you would think that would be somewhere if we know it is happening... Easy to be skeptical when people say they know something, but not know how they know it though...

Oh and btw....im not guna find it for you but there is a post that zigmeister posted last week where the used that type of verbiage in an article and it was much clearer based on the topic.....you should check it out....didnt have much action but definitely cleared it up.

Thank you... I will look through Zigs posts to see what he may have posted that states this.. thanks for the lead at least

Edited February 17, 2012 by JayP

[fastarnie]

Well.. glad to be here

Well, this may come as a shocker (you may want to sit for this ) but I do agree with you to some extent, that you have to think outside the box a bit. I have heard that they were sucking up dinars from various others as well, so I have been looking for evidence of this as well. They said that in 2010 and 2011 as well, and I hoped that this would show in the CBI Annual Bulletin as well, so I watched the 2009 and 2010 reports when they were released, but there was nothing to support that, so I will definitely be watching for the release of the 2011. It was one of the things that was said that kept me hopeful though.

I know you are not interested is showing how you know this though as you indicated above, so I will not ask if you know where they say this, and how much they have been drawing in. Some out there have been saying that has been happening for a couple years now, so you would think that would be somewhere if we know it is happening... Easy to be skeptical when people say they know something, but not know how they know it though...

I believe that an art. in the past 2 months where Saleh said they drew in like 4 trillion in a very short time. Sorry I don't remember the title for you, and I realize that's a lot of digging. I don't keep art. or links on my computer, but I know I have read it.

[brandedbabe]

Now that I don't know. Maybe DinarDana can chime in on this. She seems to have some knowledge about currency and how it was made.

Its pretty simple....if the lowers are printers and being held then their has been a "plan". I have always believed the lowers have been printed in the beginning of this mess....Iraq was not allowed to print the currency in the beginning and if they had lower denominations we would have seen them by now because of corruption. Here I will make it easy for you people about how this was explained to me...

30 trillion dinar was printed...

Half 15 trillion is lowers and the other half is "000" notes....

IMF or US has the lowers making sure their is no government loans or corruption going on to derail the progress being made.

It does not matter if the Kurdish language is on the lowers or not...you can guarantee the language will find its way onto all denominations eventually.

[JWJW11]

Well.. glad to be here

Well, this may come as a shocker (you may want to sit for this ) but I do agree with you to some extent, that you have to think outside the box a bit. I have heard that they were sucking up dinars from various others as well, so I have been looking for evidence of this as well. They said that in 2010 and 2011 as well, and I hoped that this would show in the CBI Annual Bulletin as well, so I watched the 2009 and 2010 reports when they were released, but there was nothing to support that, so I will definitely be watching for the release of the 2011. It was one of the things that was said that kept me hopeful though.

I know you are not interested is showing how you know this though as you indicated above, so I will not ask if you know where they say this, and how much they have been drawing in. Some out there have been saying that has been happening for a couple years now, so you would think that would be somewhere if we know it is happening... Easy to be skeptical when people say they know something, but not know how they know it though...

Thank you... I will look through Zigs posts to see what he may have posted that states this.. thanks for the lead at least

Man seriously with all due respect as I am truly tired of arguing with negative nellys...if you dont know the answers to these questions.....you can find the answers here. Just ask politely and the members here will help you. Theres some solid minds on this sight and we all can learn a lot from eachother. We all realize that an RD is a real possibility....anything is possible....Its possible that I could get hit by a bus tomoro to......

The info your lookin for is on this site....just use the search feature up top and its all there.....some of the brightest minds this site has to offer breakdown every stinkin article! Lol

Just take a look and all I ask of the lopsters nowadays is just please dont state your lop theory as fact cause its far from a fact.....could be but it also could be an RV and most of us like looking at the possibilities....and even you gotta admit the possibilities are there!

As we like to say goooo RV!!!!!

[Carrello]

Carrello....NNOOOOO!!! Don't go to the "Dark Side". You are right up there at the top of my Hall of Fame List!! No Lop!!! They just want to switch over to new currency over time.

Tell me you agree????

Go RV!!! NO Lopppppp!!!

I am with you on the Enlightened Side. I guess I didn't make myself clear. Anyway, I with you big guy! No worries.

[brandedbabe]

Its pretty simple....if the lowers are printers and being held then their has been a "plan". I have always believed the lowers have been printed in the beginning of this mess....Iraq was not allowed to print the currency in the beginning and if they had lower denominations we would have seen them by now because of corruption. Here I will make it easy for you people about how this was explained to me...

30 trillion dinar was printed...

Half 15 trillion is lowers and the other half is "000" notes....

IMF or US has the lowers making sure their is no government loans or corruption going on to derail the progress being made.

It does not matter if the Kurdish language is on the lowers or not...you can guarantee the language will find its way onto all denominations eventually.

It will be a 1usd to 1dinar until they bring all "000" notes. Iraq will eventually have 15 trillion paper dinar "all lowers"....

[Carrello]

Now that I don't know. Maybe DinarDana can chime in on this. She seems to have some knowledge about currency and how it was made.

Dana is a currency consultant.

[fastarnie]

Its pretty simple....if the lowers are printers and being held then their has been a "plan". I have always believed the lowers have been printed in the beginning of this mess....Iraq was not allowed to print the currency in the beginning and if they had lower denominations we would have seen them by now because of corruption. Here I will make it easy for you people about how this was explained to me...

30 trillion dinar was printed...

Half 15 trillion is lowers and the other half is "000" notes....

IMF or US has the lowers making sure their is no government loans or corruption going on to derail the progress being made.

It does not matter if the Kurdish language is on the lowers or not...you can guarantee the language will find its way onto all denominations eventually.

I don't see how it would then cost $150'000'000 to slap some ink on bills that are printed, and that is what Shabibi said it would cost. You could be right and you could be wrong.

[JWJW11]

Well.. glad to be here

Well, this may come as a shocker (you may want to sit for this ) but I do agree with you to some extent, that you have to think outside the box a bit. I have heard that they were sucking up dinars from various others as well, so I have been looking for evidence of this as well. They said that in 2010 and 2011 as well, and I hoped that this would show in the CBI Annual Bulletin as well, so I watched the 2009 and 2010 reports when they were released, but there was nothing to support that, so I will definitely be watching for the release of the 2011. It was one of the things that was said that kept me hopeful though.

I know you are not interested is showing how you know this though as you indicated above, so I will not ask if you know where they say this, and how much they have been drawing in. Some out there have been saying that has been happening for a couple years now, so you would think that would be somewhere if we know it is happening... Easy to be skeptical when people say they know something, but not know how they know it though...

Thank you... I will look through Zigs posts to see what he may have posted that states this.. thanks for the lead at least

Now that youve settled in JayP you dont seem like that bad of a guy and honestly if I had the article I would post but I dont keep them.....hope you can find it

[fastarnie]

Dana is a currency consultant.

I don't really know the job description. Do you think she would have knowledge on this matter?

[JayP]

Now that youve settled in JayP you dont seem like that bad of a guy and honestly if I had the article I would post but I dont keep them.....hope you can find it

Thanks!! It's all good.. at least I have an idea where to look... thanks anyway...

[brandedbabe]

I don't see how it would then cost $150'000'000 to slap some ink on bills that are printed, and that is what Shabibi said it would cost. You could be right and you could be wrong.

Look back at how much of cost to print the "new" dinar we hold....$150 million....Iraq didn't pay to have their own money printed back then....it is all propaganda. Hypothetical...Also if they did say Iraq has to pay for a completely and it would cost the country $150m it would be in the budget.....its a GOI expense.

[Carrello]

I don't really know the job description. Do you think she would have knowledge on this matter?

I would think so. I sent a message to her and gave her this link, so hopefully she will pop in soon.

[zigmeister]

Someone asked in a post a couple days ago if the IMF supported this plan to delete the zeros. Unfortunately, it would seem that is the case. The good news is that I am not sure I have seen where the govt has agreed to their cooperation on this plan yet, so that is still a positive thing to hope that the govt does not support this... GO GOV'T! Finally, something we actually want the gov't to never be able to come to agreement with, and that is one thing we can usually count on them for!

Unfortunately I was the one that put forth the question. Actually at the time I had a feeling sure as shooting Iraq would post an article that the IMF was in compliance with the lifting of zero's and new currency. However as of this time I will agree the government is not. One thing I know for sure if they aren't on board CBI is going to have to figure something out. And right now it appears what the government feared, the money laundering did occur. So I am inclined to think they would be even less enthused to allow CBI to go further with their plans. My take on it.

Now getting back to the IMF, in this article it seems to me they are pushing Iraq to raise the exchange rate sooner than later. It is the first thing they address here. We have seen with the Iraq economy and the dinar dropping it has affected the dinar in such a way the people who trade and so on and so forth are pissed. They want something done yesterday. Sooooo.......I am hoping CBI is in a spot and needs to do something more than 4 pips.

I have to agree, at this juncture I am rooting for the government to stick to their guns.

[fastarnie]

I would think so. I sent a message to her and gave her this link, so hopefully she will pop in soon.

Thank you

[DinarDana]

I don't really know the job description. Do you think she would have knowledge on this matter?

Good evening, I just got the message from Carrello and I am settling in from a long intense day at work and some after work shopping therapy. I will reread the thread a few times to make sure I answer the right comments. I did skim this and off the top of my head, I will be very surprised if the lower denominations are printed with the kurdish language with the new security features. Let me get back to this in a bit. In the meantime, here are the newest security features being adopted by Sweden:

• 
  New security features
  All banknotes will be equipped with a new security feature, “Spark”, which is a colour-shifting ink. The colour shifts when the banknote is tilted. Special pigments in the ink give a three-dimensional visual image in the printing. Moreover, the higher denominations, that is, the 100, 200, 500 and 1,000 krona notes will have a further security feature known as “Motion”, which is a window thread with micro-lenses embedded into the banknote paper. The thread gives the impression of motion when the banknote is tilted. This feature is already used on the most recent version of the 1,000-krona banknote.

[DinarDana]

My qualifications are such I currently work in the secure ID industry, which mimics the same processes as currency, using the same software and printing processes. I have knowledge of the process because I once worked in product development. I now work in software design in the same industry. OK so enough about me. I recently read an article where the CBI stated that they were in the process of designing the new currency and it would take 18 months for the currency to be printed. I cannot find this article, but I did find this one which further gives a timeline as to when the new currency will be released.

Financial representative: the possibility to delete the zeros of the Iraqi dinar end of 2013.

Baghdad - and babysit - 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 press statement that the process of replacing the currency will be three stages of the first printing of new currency and relegated to the second and third market 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.

Read more: http://dinarvets.com.../#ixzz1mbT0flJf

Three stages of releasing the currency and two stages of withdrawal.... Do you suppose they may retire one note at a time?

Here is another article that basically say they are going to replace the 25,000 notes with a 50 note. Read more: http://dinarvets.com.../#ixzz1mbS1DMXf

and if you want to know more about how bank notes are printed and security features here is some good information.

https://en.wikipedia.org/wiki/Banknote

http://www.delarue.c...anknoteLifecyc/

http://www.delarue.c...s/Technologies/

[R Veyron]

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

Only if you think of it as being liberated to go backwards ....

[trooper]

The CBI actually purchased ten machines from De La Rue in October 2011 for $15.9 million http://cbi.iq/documents/Universal-1.en.pdf

Haitham al-Jubouri: Deletion of zeros from currency needs to be two and three stages; 6 month intervals http://www.alforatnews.com/index.php?option=com_content&view=article&id=3960:2012-01-07-08-57-41&catid=37:2011-04-08-17-25-57&Itemid=57

Iraq Finance Committee: Announces the end of the first phase of the project to delete the zeros from the currency http://www.alforatnews.com/index.php?option=com_content&view=article&id=3960:2012-01-07-08-57-41&catid=37:2011-04-08-17-25-57&Itemid=57

[trooper]

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.com/index.asp?fna...htm&storytitle

[zigmeister]

Thanks Dana, so they do not need approval of Parliament to give the go ahead? I don't know seems to me if everyone is not on the same page this is a doomed project.

[Carrello]

Good evening, I just got the message from Carrello and I am settling in from a long intense day at work and some after work shopping therapy. I will reread the thread a few times to make sure I answer the right comments. I did skim this and off the top of my head, I will be very surprised if the lower denominations are printed with the kurdish language with the new security features. Let me get back to this in a bit. In the meantime, here are the newest security features being adopted by Sweden:

• 
  New security features
  All banknotes will be equipped with a new security feature, “Spark”, which is a colour-shifting ink. The colour shifts when the banknote is tilted. Special pigments in the ink give a three-dimensional visual image in the printing. Moreover, the higher denominations, that is, the 100, 200, 500 and 1,000 krona notes will have a further security feature known as “Motion”, which is a window thread with micro-lenses embedded into the banknote paper. The thread gives the impression of motion when the banknote is tilted. This feature is already used on the most recent version of the 1,000-krona banknote.

Thank you Dana. You're the best!

[DinarDana]

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

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

Thanks Dana, so they do not need approval of Parliament to give the go ahead? I don't know seems to me if everyone is not on the same page this is a doomed project.

No in one of these articles posted by myself or Trooper it has been said they do not need the approval of the the Parliament.

Where in all these stages is the RV....oh we can only speculate.

[Rubberband King]

1166 = 1170 slide the True decimal you get $1.17 and I'm sticking to it!!

With you too Yota

Leggo RV!