Open up of shops in Green Zone for Exchange to Prepare for Delete the Zeros

[EternalReality]

The future of Iraq / special

with the approach of the countdown to reduce the zeros of the Iraqi currency by three zeros to the bottom step of the Central Bank of Iraq to rearrange the rules of the Iraqi economy, began to groups supported inside the Green Zone is assigned currency dealers collect and store a currency U.S. dollar in preparation for stage determine how the zeros of the Iraqi currency and Tbdlleha to become a thousand dinars, dinars, and access to the numbers Alumblyaria that invaded the culture of the Iraqi economy.

source from inside the Green Zone, said that some of the condos with leaders and officials and officers turned to the banks do not comply with the specifications of the storage financial because they were filled with U.S. currency U.S. dollar, a gain added to the dealers in this matter than profit rate of 100%, where it will be the amount sold by the Iraqi currency and the buyer of the U.S. currency dollar is the same amount will buy by the Iraqi dinar once again after the whistle of the Iraqi currency.

this process affected and three days ago at the level of trading of the currencies in the Iraqi Central but are invisible to this moment, but will cause major problems on the economic level of the next period.

traders the opportunity who make a living on such stages are active in damaging the Iraqi economy and provoke crises among people who started a lot of them turn of his money to the U.S. currency, an approach that is almost universal in the Iraqi market you are looking for safety in the maintenance of its financial resources by turning them into dollars and then deal with the new Iraqi currency, Valqnaah that prevail in the market now, that the process of replacement of zeros of the Iraqi currency, which is moving the government seeking to implement it during the period between this month and the end of this year.

It is expected to break out conflicts and problems in society and in the Iraqi economy if the project was implemented without the education and promotion by the government in the media and open channels of its own government to alter the currency and not to submit to the black market and banking companies, which accuses currently being fed subject of rumors about what will happen with if the project was implemented as a means to increase the chances of speculation by raising the purchase price of the dollar against the Iraqi dinar in the exploitation of blatant ignorance of the public the fact that central bank's move.

community economic demanded an integrated program of public awareness and its width is transparent for the deletion of zeros because these decisions are not just financial decisions purely it is located in the the heart of the daily life of citizens

http://www.almustakbalpaper.net/ArticleShow.aspx?ID=5973

[waterman13]

Interesting article, and:

"a gain added to the dealers in this matter than profit rate of 100%, where it will be the amount sold by the Iraqi currency and the buyer of the U.S. currency dollar is the same amount will buy by the Iraqi dinar once again after the whistle of the Iraqi currency."

WM13

Edited May 23, 2012 by waterman13

[Halo9678]

I may be missing something but it looks like people were hoarding US dollars to convert to Iraqi dinar only to convert them back to dollars after the RV (whistle). So, they've been anticipating the RV so they buy dinars with dollars only to convert them back to dollars after the RV. Sounds like currency speculation to me. This proves capitalism is alive and well in Iraq. 1166IQD:1USD... RV.... 1IQD:.86-1.17USD. Well then. Considering that the education phase is done, let's get on with the show, shall we...

[TheArtistFormallyKnownAs]

"This month and the end of this year"

Good stuff Guy thanks for sharing.

8 )

TAFKA

[MANNY99]

It is old article from 07 / 2011

[magawatt]

I believe there were reports of these Green Zone Condo Banks about a year ago. It was probably pumper bait then, maybe it is significant now?

If the story arc follows form we'll soon be hearing more about the big screen TVs.