All AGREE on deleting the zeroes

[keylime]

* CBI, Finance Ministry and Finance Committee reach agreement on currency reform; No objections

July 8th, 2012 04:01 pm · Posted in NEWS: Dinar Currency & World Currency News

BAGHDAD / Center Brief for the Iraqi Media Network – The member of the parliamentary finance committee that all parties involved to study the project to delete the zeros from the currency in line with each other and there is no objection to the project.

Said Secretary Hadi’s (Center Brief for the Iraqi Media Network) that his committee “and the Ministry of Finance and Central Bank do not have any problem to the project to delete the three zeroes from the currency to be considered a project aimed at improving the economy.”

He said Hadi that “the Finance Committee recommended the Ministry of Finance and the Central Bank to develop a plan to ensure no rigging of the new currency in the inside or outside the country,” noting that “the central bank was able to answer the inquiries made against him by all interested parties on the draft to delete the zeros.

The government decided last week to wait to apply the draft to delete the zeros from the currency as a result of what she called “the economic problems expected to occur by the process of deletion of zeros.

Revealed the Finance Committee in Parliament that the budget for next year will be the new currency, the central bank as he emphasized that he needed two years to replace all the currency in Iraq.LINK

[nightvision]

awesome!!!

[TQueezy]

Mark this down as the date the LOP was made official... maybe? Does anyone even know anymore?

Where's Keepm when you need him...

[powerpager]

NO LOP !!!

[Alex38]

Change that rate first!!!

[Markinsa]

Committee reveal a tripartite agreement on the project to delete the zeros from the currency

BAGHDAD / Center Brief for the Iraqi Media Network -

The member of the Finance Committee, the parliamentary all parties involved

to study the project to delete the zeros from the currency in line with each

other and there is no objection to the project. said Secretary Hadi's

(Center Brief for the Iraqi Media Network) that his committee "and the

Ministry of Finance and the Central Bank do not have any problem to the

project to delete the three zeroes from the currency to be considered a

project aimed at improving the economy. "

said Hadi that "the Finance Committee recommended the Ministry of Finance

and the Central Bank to develop a plan to ensure no rigging of the new

currency in the inside or outside the country," noting that "The central

bank was able to answer the queries made ​​against him by all interested

parties on the draft to delete the zeros."

The government decided last week to wait to apply the draft to delete the

zeros from the currency as a result of what she called "the economic

problems expected to occur by the process of deletion of zeros. revealed the

Finance Committee in Parliament that the budget for next year will be the

new currency, as he emphasized the central bank that it needs to two years

to replace all the currency in Iraq.

-

[Laid Back]

0.00086 after deleting the zero's 0.86 + 20% = $1+

This is how I see it......Just do it

[mrmcwhipit]

Mark this down as the date the LOP was made official... maybe? Does anyone even know anymore?

Where's Keepm when you need him...

Keepm ? why we already know what he will say.

Its going to lop of course,they are telling us all

the time so it has to be true.

[Carrello]

Keepm ? why we already know what he will say.

Its going to lop of course,they are telling us all

the time so it has to be true.

Yes, and that is why they would go the extreme expense of putting 36 security items on each worthless piece of wallpaper.

[skitealwedrop]

A LOP is inevitable in my mind. In turn, my belief is that there will an adjustment to offset the deletion of zeros resulting in a higher value of the IQD.

0.00086 after deleting the zero's 0.86 + 20% = $1+

This is how I see it......Just do it

I like your equation. I can roll with it.

[Double R]

Sure is a lot of consternation for a neutral event like a LOP.

[alan_coaks_3]

redenomination” refers either to a change in the number of zeros associated with a given currency, or it can apply to the introduction of a new currency.

isnt this what iraq is doing ?

[steveflex7]

redenomination” refers either to a change in the number of zeros associated with a given currency, or it can apply to the introduction of a new currency.

isnt this what iraq is doing ?

Yes that is exactly what Iraq is doing. We are banking on the fact that an RV of some type will accompany the RD process.

[alan_coaks_3]

i agree

[cashman54]

If they were going to LOP, why didn't they just go ahead and do it years ago? I heard Scooter saying that if it LOPed, they could have already done that years ago.

[alan_coaks_3]

If they were going to LOP, why didn't they just go ahead and do it years ago? I heard Scooter saying that if it LOPed, they could have already done that years ago.

Redenomination should be implemented in the latter stages of an economic stabilization package or reform.

[shabbadude]

Why, for the love of all things sacred do the lopsters get high centered on the lop? I get the point that anything is possible, but when I do a "Ben Franklin" the lop looses hands down.

[taji2]

Redenomination should be implemented in the latter stages of an economic stabilization package or reform.

If the budget will be based on LOP, because the LOPster would be saying "no change in value", then why is it significant to mention that next year's budget will be based on the new currency? So an RD as so nicely stated previously is done at the latter stages..., it has been 10 years now. Some people may get lucky and being rich "overnight", but that does not equal wealth...Iraqis know that we are consumers not producers, so they don;t care about making a few thousand millionaires in the US. We are near the end, and it appears that an RD&RV will occur simultaneously, to me that is.

[sportfisher]

redenomination” refers either to a change in the number of zeros associated with a given currency, or it can apply to the introduction of a new currency.

isnt this what iraq is doing ?

http://www.investopedia.com/terms/r/redenomination.asp#axzz20C4qYWOB

http://financial-dictionary.thefreedictionary.com/Redenomination

we don't know what they will do.

until they do it.

[MovieMaker]

Thanks for sharing

[easyrider]

They will raise the value and then they will need to RD the process will be removing the larger notes from circulation within the 2 years then being destroyed but they will honor the old notes on what ever value they set the exchange rate at thats what we are banking on here. This is the way i see it going down.

Edited July 10, 2012 by easyrider

[DoD]

They will raise the value and then they will need to RD the process will be removing the larger notes from circulation within the 2 years then being destroyed but they will honor the old notes on what ever value they set the exchange rate at thats what we are banking on here. This is the way i see it going down.

That's exactly what they will do easy...

[R Veyron]

One thing is for sure , this ride is coming to an end soon in the next few months. I say be prepared either way.