patriotic party girl Posted April 17, 2012 Report Share Posted April 17, 2012 Iraqi government decided to dismiss the deletion of three zeros from the national currency. She noted the Department of Cabinet Affairs in a brief statement that the decision requires to stay the proceedings relating to the operation until further notice. The cabinet took this decision based on what presented to the Economic Affairs Committee.The Central Bank of Iraq announced in August last year that he plans to delete the zeros in order to facilitate financial transactions and that the bank's proposal to restructure the Iraqi dinar is awaiting approval of Parliament.The Reuters news agency quoted the Secretary-General of the Council of Ministers on the Keywords that the Economic Committee discussed this issue as well as the Council of Ministers and that there is likely to cause the process of deleting the zeros of some problems in the economic situation as well as the operation was so great that the Government considers that the circumstances are not suitable for the feet of them.Radio Free Iraq met with Iraqi Deputy Governor of the Bank of the appearance of Mohammed Saleh, who confirmed that the patient in the deletion of zeros does not mean to keep it indefinitely because of the official and popular consensus on the need to delete it in the end.He also explained that the reason for slowdown in the deletion of zeros is the unwillingness of destinations such as the Ministry of Finance and the Office of Financial Supervision of the project such a large extend from official circles, through computer programs to his small shop.He warned the deputy governor of the Central Bank of zeros to cancel the project to delete or postpone it for a long time at the same time expressing his appreciation to the government's decision because of current economic conditions.Member of the drafters of Finance in the House of Representatives Najiba Najib pointed out that Iraq is a political crisis and other economic turnout because of Iran and Syria to the Iraqi market, the dollar to ease the effects of the economic blockade on them.But the President Economic Information Center non-governmental Dargham Muhammad Ali saw that the deletion of zeros from the national currency is not related to the high demand for the dollar and the falling exchange rate of the Iraqi dinar.He expressed a professor of economics at the University of Mustansiriya Abdul Rahman al-Mashhadani surprise at the government had backtracked on the restructuring of the Iraqi dinar, especially as it is proposed that the central bank Zllk five years ago.The volume of money supply in circulation in Iraq is more than 30 trillion Iraqi dinars. And was scheduled to facilitate the transfer of the banknote trading category thousand dinars to one dinar without losing something of value.File contributed to the Radio Free http://translate.google.com/translate?u=http%3A%2F%2Fwww.iraqhurr.org%2F&langpair=ar|en&hl=en&ie=UTF8 2 Link to comment Share on other sites More sharing options...
aaanth Posted April 17, 2012 Report Share Posted April 17, 2012 (edited) this refers to "the council of ministers" and "the cabinet" none of whom have any say in the deletion of the zeros's process. look for a statement from the cbi or parliament regarding this. otherwise it's just maliki trying to make it look like he has made this decision. he as well as the council of ministers have no say. period, end of story. saleh or shabibi would make this announcement if it were true. shabibi is going before parliament to discuss and enlighten them regarding cbi policy, if he hasn't already. then we'll know what's up. Edited April 17, 2012 by aaanth 2 Link to comment Share on other sites More sharing options...
PD46 Posted April 17, 2012 Report Share Posted April 17, 2012 aaanth, you are absolutely correct!!! The Council of Ministers, the Prime Ministers, the Cabinet, and the remaining GOI has no say so over the the CBI or CBI policy. CBI policy and procedure is up to Shabibi. We must be getting very close to the RV, otherwise Maliki and his political hacks wouldn't be saying they "don't support the process and the process is suspended / on hold until further notice". Link to comment Share on other sites More sharing options...
DMOT Posted April 17, 2012 Report Share Posted April 17, 2012 Both of you are right on point!!! Link to comment Share on other sites More sharing options...
fishing Posted April 17, 2012 Report Share Posted April 17, 2012 We are very close! Link to comment Share on other sites More sharing options...
truthful1 Posted April 17, 2012 Report Share Posted April 17, 2012 (edited) Do you think shabbibi would act, given the government said to stop? I dont think so. i think shabs will keep his plan but will push it down the road a little further. he has to have the support for it to be successful. he could do it anyway, but with resistence, it could lead to a big failure. so shabs will hold off a little longer out of respect, but he will make the monetary policy. jmo Edited April 17, 2012 by truthful1 1 Link to comment Share on other sites More sharing options...
winterset Posted April 17, 2012 Report Share Posted April 17, 2012 If I remember correctly, they did have a say so in the printing of new currency. Link to comment Share on other sites More sharing options...
MrFnHappy Posted April 17, 2012 Report Share Posted April 17, 2012 Do you think shabbibi would act, given the government said to stop? I dont think so. i think shabs will keep his plan but will push it down the road a little further. he has to have the support for it to be successful. he could do it anyway, but with resistence, it could lead to a big failure. so shabs will hold off a little longer out of respect, but he will make the monetary policy. jmo Radio Free Iraq met with Iraqi Deputy Governor of the Bank of the appearance of Mohammed Saleh, who confirmed that the patient in the deletion of zeros does not mean to keep it indefinitely because of the official and popular consensus on the need to delete it in the end. Read more: There ya go truthful1, Saleh says they'll wait awhile, but not forever. 1 Link to comment Share on other sites More sharing options...
zigmeister Posted April 17, 2012 Report Share Posted April 17, 2012 I agree truthful, I have always said the deletion of zero's needed government cooperation if it were to succeed. So they wait, but in the meantime the compromise might be to begin the process of incremental RV's. Link to comment Share on other sites More sharing options...
unirod Posted April 17, 2012 Report Share Posted April 17, 2012 Notice the article is calling for a SLOWDOWN in the deletion of the zero's. Why? because the Ministry of Finance and the Office of Financial Supervision of the project, need to get their computor systems up to speed and modernized. So there is a removal of notes going on but it needs to slow down because apparently even their offices are too small to audit the project. Maybe they need more table space to stack all the notes on?....This is what I'm getting from this article Link to comment Share on other sites More sharing options...
keepmwlknfny Posted April 17, 2012 Report Share Posted April 17, 2012 this refers to "the council of ministers" and "the cabinet" none of whom have any say in the deletion of the zeros's process. look for a statement from the cbi or parliament regarding this. otherwise it's just maliki trying to make it look like he has made this decision. he as well as the council of ministers have no say. period, end of story. saleh or shabibi would make this announcement if it were true. shabibi is going before parliament to discuss and enlighten them regarding cbi policy, if he hasn't already. then we'll know what's up. They actually do...its written in the constitution of Iraq..... Link to comment Share on other sites More sharing options...
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