Council of Ministers intends to ask to postpone the new currency in the market

[yota691]

Council of Ministers intends to ask to postpone the new currency in the market

History of edits :: 1334307929

Cabinet intends to make a decision to postpone put the new currency in the market due during the month of September.

This came in the words of a source in the General Secretariat of the Council of Ministers, adding that this comes at a time was the completion of preparations for the launch of the new currency in the market.

For his part, said a member of the parliamentary Finance Committee Haitham Jubouri that "the central bank printing presses imported from abroad in preparation for the printing of the dinar in Baghdad as the first experiment of its kind in Iraq for decades."

He noted that "the central bank adopted the measurements for the new currency similar to the U.S. dollar."

It is noteworthy that Iraq had been adopted for decades and the printing of its currency abroad by companies specializing in this area, with printed currency currently used in the British Press. "/ / 5

13/04/2012 13:05

[magawatt]

Just how similar to the dollar is the question!

[yota691]

For his part, said a member of the parliamentary Finance Committee Haitham Jubouri that "the central bank printing presses imported from abroad in preparation for the printing of the dinar in Baghdad as the first experiment of its kind in Iraq for decades."

He noted that "the central bank adopted the measurements for the new currency similar to the U.S. dollar."

It is noteworthy that Iraq had been adopted for decades and the printing of its currency abroad by companies specializing in this area, with printed currency currently used in the British Press. "/ / 5

Edited April 13, 2012 by yota691

[yota691]

my bag forgot the link http://translate.google.com/translate?langpair=ar%7Cen&rurl=translate.google.com&u=http://www1.alforattv.net/modules/news/article.php%3Fstoryid%3D70854

[Sweetybird]

For his part, said a member of the parliamentary Finance Committee Haitham Jubouri that "the central bank printing presses imported from abroad in preparation for the printing of the dinar in Baghdad as the first experiment of its kind in Iraq for decades."

He noted that "the central bank adopted the measurements for the new currency similar to the U.S. dollar."

It is noteworthy that Iraq had been adopted for decades and the printing of its currency abroad by companies specializing in this area, with printed currency currently used in the British Press. "/ / 5

Yota, What am I missing here ( in red )? Break it down please while I go get my first cup of coffee. lol Thanks for all you do!!!

[zigmeister]

Sweety bird it seems Iraq bought some printing presses to print their new currency. Which may explain the high dollar on the delarue machines last summer, perhaps? It was for them a big deal to be able to print their own currency, as they had to have other countries print the dinar in the past.

The question for me is, if they have the machines, have they printed some LD's?

[the wolf]

So if they are postponing the deletion of the zeros, what happens to the theory that has been thrown around that the deletion of the zeros is the removal of physical currency which has been happening for some time as it is part of "phase I". If they are postponing it doesn't that mean that they have not been removing the three zero notes as many have stated? Things that make you go hmmmmm

[zigmeister]

So if they are postponing the deletion of the zeros, what happens to the theory that has been thrown around that the deletion of the zeros is the removal of physical currency which has been happening for some time as it is part of "phase I". If they are postponing it doesn't that mean that they have not been removing the three zero notes as many have stated? Things that make you go hmmmmm

It was a theory, and theories can be proven wrong, or right. We will see.

[a1911handler]

I used to be in the printing industry. If in fact Iraq has bought whole printing presses (MULTI MILLIONS of dollars for this type of printing) then they will be at least two or three YEARS in the learning curve to be able to print off of them. Unless the press came with a crew, then maybe a year and a half.

The technology involved in anti counterfeiting is amazing. The printed medium and all of the items that go into it to make it money are not available everywhere. There are only two or three printing companies in the world that can handle production of such a complex note.

Oh yeah, the people running the presses, whose pocket are they going to be in? Because they are literaly printing money. You think there will be any corruption in that office? Probably not, it's Iraq and no one there would ever think of such a thing. Especially not a government official. Whose job it is to print money.

[zigmeister]

I used to be in the printing industry. If in fact Iraq has bought whole printing presses (MULTI MILLIONS of dollars for this type of printing) then they will be at least two or three YEARS in the learning curve to be able to print off of them. Unless the press came with a crew, then maybe a year and a half.

The technology involved in anti counterfeiting is amazing. The printed medium and all of the items that go into it to make it money are not available everywhere. There are only two or three printing companies in the world that can handle production of such a complex note.

Oh yeah, the people running the presses, whose pocket are they going to be in? Because they are literaly printing money. You think there will be any corruption in that office? Probably not, it's Iraq and no one there would ever think of such a thing. Especially not a government official. Whose job it is to print money.

Sometimes Iraq likes to brag even if its not a reality yet. So who really knows if they do or don't.

[matthew6:19-21]

Wait a minute, just a couple of post ago they had postponed the "deletion of the zeros". Now they are saying that they are "intending" to make a decision to postpone the "deletion of the zeros". These people don't know one day from the next.

[Nani?]

I have noticed they do a lot of wanting to postpone things when it comes time to extend DFI funds...

[zigmeister]

Wait a minute, just a couple of post ago they had postponed the "deletion of the zeros". Now they are saying that they are "intending" to make a decision to postpone the "deletion of the zeros". These people don't know one day from the next.

much has to do with translations. This is Friday, so we get a lot of regurgitated articles from yesterday and this week. Sunday should be interesting.

[AVENGER]

Are they saying they don't want this new money printed in Baghdad

but in Great Briton like always?

I used to be in the printing industry. If in fact Iraq has bought whole printing presses (MULTI MILLIONS of dollars for this type of printing) then they will be at least two or three YEARS in the learning curve to be able to print off of them. Unless the press came with a crew, then maybe a year and a half.

The technology involved in anti counterfeiting is amazing. The printed medium and all of the items that go into it to make it money are not available everywhere. There are only two or three printing companies in the world that can handle production of such a complex note.

Oh yeah, the people running the presses, whose pocket are they going to be in? Because they are literaly printing money. You think there will be any corruption in that office? Probably not, it's Iraq and no one there would ever think of such a thing. Especially not a government official. Whose job it is to print money.

They did put out an article several months ago stating that they spent 12 or 14 million on

delaru machines

Edited April 13, 2012 by AVENGER

[thatoneguy]

And the speculating continues.... sigh.