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SWFloridaGuru
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4-4-2012 SWFloridaGuru: The CBI released a statement saying that the draft to delete the zeros does not need a new law, but simply regulation. A new law is not what is required. This includes the issuing of currency, which has already been approved. Great news for us. This is a tool for the CBI to regulate a law that has already been implemented. Shabibi is in control and new regulations will be implemented this week. The project needs to make a regulation and a directive published in the Official Gazette, and the CBI. The Central Bank law gave full power to the Monetary Authority to change the structure of the Iraqi currency. The law clearly states that the CBI shall issue regulations as necessary for the implementation of this law. Read this document: http://cbi.iq/documents/Moneylaundringinstructionlaw-En_f.pdf Shabibi is in control and look for new regulations to be implemented this week. We have tariffs going into effect on June 1st and a new currency they are prepping for release soon (LD's). The CBI is taking all the necessary steps to ensure the projects success and move forward with phase 2. When they are ready they will send an IMF approved, adjusted rate to the BIS and from there released back to all the central banks, which is when we will get our first public glimpse of it. I speculate that we don't have much further to go.

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And the one before that and the one before.... But I still admire the poster ( you responded to) enthusiasm.....

Let's hope he / she is correct.

Umb,

This year is different than last year... this year is a leap year lol lol

Just teasing you...

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The CBI has used the term "next few days", the value of the dollar would be reduced in articles for the past 3 weeks. I would think even Iraqi's are getting fed up with the term by now. Even the translation in Arabic can't mean this long!! The USD is being limited on the streets, and wheelbarrows of Dinar are not practicle. The people have to be getting pissed by now with all the delays. :angry: IMO

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