JustNTime Posted March 20, 2012 Report Share Posted March 20, 2012 (edited) Sources: Central Bank began printing Iraqi currency after deletion of zeros Tuesday, March 20, 2012 08:18 BAGHDAD / Baghdadiya News / .... sources from within the Central Bank of Iraq that the latter already begun the contracting process to print a new Iraqi currency after deleting three zeros of which, Pointing out that the central bank just waiting to give him the green light if there were objections to the drawings and designs. The sources indicated in comments summarized by / Baghdadiya News / "The central bank introduced a draft law to delete the zeros to the Chairman of the House of Representatives Osama Najafi, and ensure that everything about this great project which will start work by the process of offering the new currency for circulation early next year, and will continue to drive the replacement of three years. "The House of Representatives has no objections to the project except the subject of graphics that will come within the designs, adding there are those favored by nature and one favored by Islamic history, stressing that the initial indications stating that everyone agreed on the historic monuments in Iraq. And was a member of the Economic Commission parliamentary Nora Salem Albjara described in a statement to / Baghdadiya News / replacement process and delete three zeros to "step" that Iraq must start with, but for many reasons, including elimination of the problems of the current currency, especially after the emergence of the phenomenon of counterfeiting of currency from the category of the ten thousand dinars. " She said also that "the restructuring of the currency has become an urgent need now, it is reasonable to continue the circulation of currency issued in times of Iraq was then suffering from inflation and the deterioration of Danarh, and this has increased the amounts of money in circulation in the market." She said "Iraq is currently trading at least 33 trillion dinars, and this is a very huge amount causes a lot of confusion in cash transactions, and more effort and time and a lot of risk in carrying large amounts of banknotes in the pocket, and this is why the Iraqi citizen of the tendency to deal in dollars, to become the market dollarized the Iraqi market, and must be maintained on the national currency. It showed that "new dinar will be printed also groups as large as the 100 dinars, equivalent to the current currency 100 thousand dinars, as well as 50 dinars and twenty-five and categories of the youngest is ten dinars, five dinars, which without it would be a coin will be the favorite being the most traded in return will not be worn out." http://translate.goo...J-AkAZHJAE.html Edited March 20, 2012 by JustNTime 8 Link to comment Share on other sites More sharing options...
Abarvets Posted March 20, 2012 Report Share Posted March 20, 2012 I love all these urgent articles now. Thanks for the post. 1 Link to comment Share on other sites More sharing options...
rsskelton Posted March 20, 2012 Report Share Posted March 20, 2012 33 Trillion Dinar in circulation? Ouch. 1 Link to comment Share on other sites More sharing options...
behaviorkat Posted March 20, 2012 Report Share Posted March 20, 2012 She has been a crap apple in the past ~ let's hope she is crabbing in the right direction. maybe 33 trillion is an old figure? Link to comment Share on other sites More sharing options...
sonny1 Posted March 20, 2012 Report Share Posted March 20, 2012 33 Trillion Dinar in circulation? Ouch. yeahhhhh, that is a lot if true 1 Link to comment Share on other sites More sharing options...
zigmeister Posted March 20, 2012 Report Share Posted March 20, 2012 I believe Stryker and many others have pointed out we were in phase 2, phase one was bringing in the dinar. Now as I understand this article they have begun printing and they have removed the 000 notes. If that is the case then this is very good news. 5 Link to comment Share on other sites More sharing options...
Alex38 Posted March 20, 2012 Report Share Posted March 20, 2012 1 to 1 all Damn day!!!! Sweet!!! 2 Link to comment Share on other sites More sharing options...
precious1 Posted March 20, 2012 Report Share Posted March 20, 2012 I'm with ya ZIg! I'm on the conveyer belt to RV! Keep those gret news articles comin'! 1 Link to comment Share on other sites More sharing options...
Elixirbaby Posted March 20, 2012 Report Share Posted March 20, 2012 But if you read the title, "Central Bank begin printing currency after deletion of zeros". My take on this is they are comfortable with the amount of large zero notes they have pulled in. Now with the contracting of 4 componies to print their new dinar, sounds like they are in a rush now. 2 Link to comment Share on other sites More sharing options...
zigmeister Posted March 20, 2012 Report Share Posted March 20, 2012 But if you read the title, "Central Bank begin printing currency after deletion of zeros". My take on this is they are comfortable with the amount of large zero notes they have pulled in. Now with the contracting of 4 componies to print their new dinar, sounds like they are in a rush now. I believe they are concerned if these articles are anywhere close to the truth in that, they do not want their hard currency supply to go dry. They seem to be in a spot, however it may be the spot CBI wants to be in to push this through the Parliament or who ever it is that is suppose to give them a grant. 1 Link to comment Share on other sites More sharing options...
bamagirl Posted March 20, 2012 Report Share Posted March 20, 2012 This reads like they have ALREADY deleted the zeros, as in pulling a satisfactory amount in, and now they're ready to continue....urgently!!! If I am taking this the right way it spells NO lop.....the 33 trillion number bit me but I don't believe the numbers they throw out....I hope I am not reading this wrong..... 2 Link to comment Share on other sites More sharing options...
Rabbi Posted March 20, 2012 Report Share Posted March 20, 2012 (edited) Through the daily auctions, Shabibi has been taking in dinars and selling dollars. The question remains as to how many of those 33 trillion dinars are still in circulation outside the treasury at the CBI. 20 trillion? 15 trillion? Only Shabs knows I have always thought this pending RV to be analogous to an IPO, with Iraq being the corporation about to "go public" and the dinar as a share of stock in that corporation. In my analogy, (1) the RVed exchange rate is the IPO price, (2) the dinars in circulation are the shares of stock outstanding, and (3) the dinars in the CBI's vault (those that are no longer in circulation) as "treasury stock" of the company. In this scenario, the FMV of the company's assets (i.e., Iraq's oil, gas, gold, diamonds, phosphates, etc.) is applied ratably to each share of stock (i.e., each dinar) outstanding. The less shares of stock (dinars) that remains in circulation and outside of the treasury, the more of this wealth that can be allotted to each share of stock. In other words, the less dinar in circulation, the higher the exchange rate that can be justified economically to be applied to the dinar upon RV. Edited March 20, 2012 by Rabbi 10 Link to comment Share on other sites More sharing options...
cooked Posted March 20, 2012 Report Share Posted March 20, 2012 33 Trillion Dinar in circulation? Ouch. RV is toast if true. 2 1 Link to comment Share on other sites More sharing options...
DayTrader Posted March 20, 2012 Report Share Posted March 20, 2012 Through the daily auctions, Shabibi has been taking in dinars and selling dollars. The question remains as to how many of those 33 trillion dinars are still in circulation outside the treasury at the CBI. 20 trillion? 15 trillion? Only Shabs knows I have always thought this pending RV to be analogous to an IPO, with Iraq being the corporation about to "go public" and the dinar as a share of stock in that corporation. In my analogy, (1) the RVed exchange rate is the IPO price, (2) the dinars in circulation are the shares of stock outstanding, and (3) the dinars in the CBI's vault (those that are no longer in circulation) as "treasury stock" of the company. In this scenario, the FMV of the company's assets (i.e., Iraq's oil, gas, gold, diamonds, phosphates, etc.) is applied ratably to each share of stock (i.e., each dinar) outstanding. The less shares of stock (dinars) that remains in circulation and outside of the treasury, the more of this wealth that can be allotted to each share of stock. In other words, the less dinar in circulation, the higher the exchange rate that can be justified economically to be applied to the dinar upon RV. Very Well Put. So Says..................DayTrader 1 Link to comment Share on other sites More sharing options...
azgoldengirl Posted March 20, 2012 Report Share Posted March 20, 2012 Through the daily auctions, Shabibi has been taking in dinars and selling dollars. The question remains as to how many of those 33 trillion dinars are still in circulation outside the treasury at the CBI. 20 trillion? 15 trillion? Only Shabs knows I have always thought this pending RV to be analogous to an IPO, with Iraq being the corporation about to "go public" and the dinar as a share of stock in that corporation. In my analogy, (1) the RVed exchange rate is the IPO price, (2) the dinars in circulation are the shares of stock outstanding, and (3) the dinars in the CBI's vault (those that are no longer in circulation) as "treasury stock" of the company. In this scenario, the FMV of the company's assets (i.e., Iraq's oil, gas, gold, diamonds, phosphates, etc.) is applied ratably to each share of stock (i.e., each dinar) outstanding. The less shares of stock (dinars) that remains in circulation and outside of the treasury, the more of this wealth that can be allotted to each share of stock. In other words, the less dinar in circulation, the higher the exchange rate that can be justified economically to be applied to the dinar upon RV. Huh? Yeah....just like that I can't get past the 33 trillion Link to comment Share on other sites More sharing options...
asteckler Posted March 20, 2012 Report Share Posted March 20, 2012 But what about the statement in the last paragraph....: " It showed that "new dinar will be printed also groups as large as the 100 dinars, equivalent to the current currency 100 thousand dinars, Read more: http://dinarvets.com/forums/index.php?/topic/110594-central-bank-began-printing-iraqi-currency-after-deletion-of-zeros/#ixzz1pfXLKQOQ That is sounding frighteningly like a lop... Link to comment Share on other sites More sharing options...
AkinNAUY Posted March 20, 2012 Report Share Posted March 20, 2012 (edited) They always have to throw this in the mix... It showed that "new dinar will be printed also groups as large as the 100 dinars, equivalent to the current currency 100 thousand dinars, as well as 50 dinars and twenty-five and categories of the youngest is ten dinars, five dinars, which without it would be a coin will be the favorite being the most traded in return will not be worn out." Then again... Maybe she's just mentioning that the current value of 100,000 would be the highest value of the new currency? WHAT YOU GUYS THINK? Edited March 20, 2012 by AkinNAUY Link to comment Share on other sites More sharing options...
win1mich Posted March 20, 2012 Report Share Posted March 20, 2012 This reads like they have ALREADY deleted the zeros, as in pulling a satisfactory amount in, and now they're ready to continue....urgently!!! If I am taking this the right way it spells NO lop.....the 33 trillion number bit me but I don't believe the numbers they throw out....I hope I am not reading this wrong..... I agree with you, but I think the entire article is past tense. I think the 33 trillion is an old number, and I also think they have already printed the new currency. 1 Link to comment Share on other sites More sharing options...
bamagirl Posted March 20, 2012 Report Share Posted March 20, 2012 @win1mich....I totally agree with you too...I think the money is printed also...we are in wait mode now... Link to comment Share on other sites More sharing options...
truthful1 Posted March 20, 2012 Report Share Posted March 20, 2012 (edited) There are a lot of key words in this article. cbi waiting on agreement of design before printing. So there waiting for the green light before printing. so its been contracted out, yet not started. reference of the current currency and new currency. two different currencies. 100 new equal to 100k current. I hope no one wants there 100k in dinar being worth just 100 new dinar. And of course 33 trillion. Wow in the last few years, its gone from 24 trillion to 30 trillion and now 33 trillion. theres no reduction going on with that statement. in conclusion, not good news......at face value.... Edited March 20, 2012 by truthful1 1 Link to comment Share on other sites More sharing options...
VIZIOIRAQI Posted March 20, 2012 Report Share Posted March 20, 2012 funny because the Article on this last week said new currency was printed and printing, they even said what was on the bills . 1 Link to comment Share on other sites More sharing options...
oneremedy Posted March 20, 2012 Report Share Posted March 20, 2012 Everything is past tense with these peeps. Next is now. Soon is months away. Urgent is get off the crapper and go go go! Do they have crappers yet? "Make it fast, make it urgent!" Link to comment Share on other sites More sharing options...
zigmeister Posted March 20, 2012 Report Share Posted March 20, 2012 She said "Iraq is currently trading at least 33 trillion dinars, and this is a very huge amount causes a lot of confusion in cash transactions, and more effort and time and a lot of risk in carrying large amounts of banknotes in the pocket, and this is why the Iraqi citizen of the tendency to deal in dollars, to become the market dollarized the Iraqi market, and must be maintained on the national currency. My take on this statement; She says at least 33 trillion is being traded, currently. She says, the citizens tend to deal in dollars. Two opposite statements in my opinion. How could 33 trillion be in trade amongst the citizens when they tend to trade in dollars? I doubt they are under their mattress's by now. 5 Link to comment Share on other sites More sharing options...
caz1104 Posted March 20, 2012 Report Share Posted March 20, 2012 There are a lot of key words in this article. cbi waiting on agreement of design before printing. So there waiting for the green light before printing. so its been contracted out, yet not started. reference of the current currency and new currency. two different currencies. 100 new equal to 100k current. I hope no one wants there 100k in dinar being worth just 100 new dinar. And of course 33 trillion. Wow in the last few years, its gone from 24 trillion to 30 trillion and now 33 trillion. theres no reduction going on with that statement. in conclusion, not good news......at face value.... I agree 33 trillion is not a number we want to hear,if accurate. Best to all Link to comment Share on other sites More sharing options...
truthful1 Posted March 20, 2012 Report Share Posted March 20, 2012 My take on this statement; She says at least 33 trillion is being traded, currently. She says, the citizens tend to deal in dollars. Two opposite statements in my opinion. How could 33 trillion be in trade amongst the citizens when they tend to trade in dollars? I doubt they are under their mattress's by now. They also came out and said 2 billion dollars is gone from the market. so take a pick, no dinar or no dollars Link to comment Share on other sites More sharing options...
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