Iraq Redenomination File

[alan_coaks_3]

5 - 19 - 2012

here a center of middle east strategies file

My link

[KamelKeeper]

I just glanced over this report, but it looks really interesting, and I look forward to reading it. Thank you.

[Laid Back]

Iraq to cut off dinar zeros by January

2013

Iraqi Parliament Finance Committee

revealed, on Tuesday, that cutting zeros

off Iraqi dinar and its redenomination will

be taking place in January 2013 adding

that printing the new currency will start as

of September 2012.

“Zeros will be cut off Iraqi dinar and the

currency will be denominated in January

2013,” Finance Committee member

Haitham Al Jabouri told Alsumarianews

noting that printing the new currency bills

will start in September 2012.

“The redenomination of old Currency

requires a whole year and the old

currency will be fully withdrawn from Iraqi

market in the first half of 2014,” Jabouri

said stressing that cutting the three zeros

off the currency and its redenomination

intend to stabilize Iraqi Dinar and

decrease demand on the hard currency.

“Central Bank of Iraq dissipated all fears

from money laundering during the

redenomination process,” Jabouri stated

explaining that it has a special apparatus

to fight money laundering.

“Reform of Iraqi currency management

system is a major duty of Central Bank of

Iraq and cutting zeros off is one of its

strategic tasks,” Jabouri uttered assuring

that the Parliament Finance Committee

support Central Bank’s strategy.

Iraqi Cabinet Secretariat issued a

resolution, on April 2012, to halt all

procedures relating to cutting zeros off

the dinar until further notice.

Iraq is not ready yet for this step, some

economic experts believe pointing out

that such action requires security and

political stability in addition to economic

stability.

Central Bank of Iraq announced, on

January 2012, it is determined to release 3

Iraqi dinar bills of high value i.e. 200, 100

and 50 dinars after the cutting off of zeros

from the currency. Dinar redenomination

requires 2 years, Central Bank of Iraq

informed.

Keep it real

[KamelKeeper]

Laid Back, let's hope it is a LOP and then an RV.

Thanks for the clip from the document. Did you have to get out of the hammock to do that? Bummer.

[alan_coaks_3]

keep why dont you ever get on chat

[Laid Back]

Laid Back, let's hope it is a LOP and then an RV.

Thanks for the clip from the document. Did you have to get out of the hammock to do that? Bummer.

KamelKeeper,

I'm hoping this 0.00086 = 0.86

Not really. I have my laptop on the hammock.

[billiebobt]

5 - 19 - 2012

here a center of middle east strategies file

My link

Didnt you already post this last week sometime? I thought I remembered seeing it. Good info though.

[alan_coaks_3]

nope this is the first time

[keepmwlknfny]

keep why dont you ever get on chat

LOL cause most of the people I knew in chat are gone.....not to mention no one likes to hear what I have to say half the time! I think Im too grounded now and not enjoyable

[leesburg]

the report is basically what we have been reading over the last few months

the united states has around 46 billion in foriegn reserves .. and around a little less than one trillion in actual cash ... the rest is electronic currency to support our 14 trillion a year gdp

i guess our cash is pocket change ,,, walking around money

iraq is holding 60 billion in foriegn reserves ,,, wants 28 billion in actual cash notes ,,, with a govt budget of 120 billion dollars most of which will be electronic cash .. i wonder what iraqs gdp is ?

i heard awhile back iraqs govt budget is only 20% of iraqs gdp..so is the iraqi gdp 2.4 trillion ?.. we need around 10% of our gdp for walking around cash ..

if iraq uses a simular platform .. they would need 240 billion in cash .... almost like erasing 2 zeros not 3 ..

but iraqis dont use banks like the united states does .. wouldnt they need more of a percentage of their gdp in cash notes than the united states does?

[welcome007]

Laid Back, let's hope it is a LOP and then an RV.

we get nothing if that happens

[alan_coaks_3]

lol kamel

[Nelg]

5 - 19 - 2012

here a center of middle east strategies file

My link

Thanks, but I think this is just a rehash of all the articles and events in the news. Most of it (concerning Iraq) we have read of DV. I don't think there is any "strategies" that have not been released and discuss. But good material. Placed it in my permanent file. Thanks.

[KamelKeeper]

we get nothing if that happens

How can you say that if you don't know how many zeroes could be dropped, and you don't know the revalue amount?

[keepmwlknfny]

How can you say that if you don't know how many zeroes could be dropped, and you don't know the revalue amount?

Well all they have talked about is 3 zeros....and they have mentioned that afterwards the dinar would be almost on par with the USD....not much profit for us there!

[skrappyone]

Well all they have talked about is 3 zeros....and they have mentioned that afterwards the dinar would be almost on par with the USD....not much profit for us there!

I don't know why people negged you for you stating what has been said over and over and over again. I personally hope that if they l0p it is off the .00086 and not the currency. Either way I evened you out. +1:lol: