Delete the zeros and the fate of the currency .. In the hands of the experts at the table

[Alexyn1006]

Thank you Yota for finding this article and thanks to Stryker for the breakdown. You're both a great team!!!

BAGHDAD - Yasser incumbent - Haider al-Rubaie Flaih - Hussein Tgb Tamimi

opened the round table organized by the Center for Strategic Studies in the morning newspaper in collaboration with the Economic Section Multi file deletion of zeros, which is the richest insights and analyzes the value and put points on the letters in decoding choking on a lack of understanding subject .

and reach a group of experts who participated in this table to the fact that such an important decision and dangerous at the core of the economic problem needs to law and legislation to ensure not falling mistakes incurred country moral and material losses large in Iraq indispensable.

For the first time in the most if not all seminars previous economic converge policies have monetary and fiscal table (morning) this sporting spirit of understanding in order to solve the problem and thus contributing to the distance from the potential risks that may accompany the process of change or raise zeros.

was submitted magnificent deputy central bank governor the appearance of Dr. Mohammed Saleh historical overview of money and commitments as a prelude to clarify participants had enriched everyone of the importance of lifting of the zeroes and convincingly and striking contrast representative of the Ministry of Finance d.

Hilal Taan vision on the action and despite the emergence of intersection in the two views in the apparent but in sub converge policies have cash financial and in one pot, but a careful to keep the national economy from additional shocks. Taan focused on the obstruction, the only way to delete the zeros is the psychological aspect of a group of Iraqi businessmen who have devoted culture of the state and rely on the dollar, while noting the experiences of other countries reservations تجارهم to rely on is their currency and a way to force their economic activity.

This analysis led to the development of ideas converged on the timing of the deletion of zeros and receded in the availability of envelopes firstly cover legislative saves currency from acting qualitative and secondly create a culture of attention in the national currency and this is governed by a matter of time blaming devices media responsibility to adopt this role.

Many of the participants all agreed on the need to provide a suitable environment for such a move is important, acknowledging its importance due to the fact that the currency represents infrastructure sober for the country's economy, and on the grounds that the country's economic strength stems from the power of her money. need to reform the system of payments deputy central bank governor the appearance of Dr. Mohammed Saleh pointed out that under the price stability and optimism in Iraq Development, it became necessary radical reform on the system management of currency as well as the re-structure commensurate with the price structure new and different, stable and levels of wages and salaries, which differed significantly from the last thirty years, as well as handle the mass of large cash weak components so that it has become the largest category currency Atsawi only $ 21 U.S. at the present time. noting that the increase in gross domestic product of Iraq from $ 140 billion at year-end 2010 to more than $ 300 billion at the end of 2015, will raise the money supply exporting of 30 trillion dinars to about 70 trillion dinars. And weak structure in the currency structure as mentioned above may take adds cost called the cost of cash transactions in terms of trading, whether between individuals themselves, individuals and banks within the banking system itself. Saleh said that in Sweden, for example, having now one of the best systems of cash payments in the world and despite that, the cost of trading cash counting, transmission and storage of the coin costing the national economy accounted for 4 percent of the gross domestic product of Sweden. Wondering how to compare that in a country like Iraq shall be managed so huge amounts of cash weak structure, adds the cost of cash transactions may reach 8 percent or more of GDP, a burden borne by the individual in his dealings which took reduces the efficiency of cash as an institution social support to institutions economy different, including the market as evidenced by the decline in cash transactions because of falling efficiency and installation of the money supply current. and pointed out that the multiplicity of zeros raises the denominations with declining purchasing power has enormous difficulties, including the difficulty of expression for the cash value as well as the same difficulties of monetary operations and technical problems in the recording of statistical data in the accounting books and changing accounting systems and settlement systems, as well as prices figures show long difficult counters or digital devices read Asfarha in gas stations or other digital devices. and continued on this basis has become a need to reform the system of cash payments through several advantages, the first on the horizontal plane and is deleting three zeros any transfer 30 trillion dinars to 30 billion Dolaran by deleting three zeros from the current currency and replace it with a new currency making it easier to handle arithmetic with numbers are less numerous in terms of accounts the federal budget, the budgets of banks and companies as well as balancing family cash (individuals) without incurring any change or switch on the wealth of cash for natural persons and moral as well as non-depressing contracts and obligations between natural persons and all concerned. , which called generating function sports political debate or political debate of the world (1752) Effect of nominal price levels with a high amount of money, such as the transition from Roman numerals to Arabic numbers (the numbers in English now), that the transition to ايغير of the basic principles of science and math. High amounts of money leads to higher prices for the same without the impact's real economy results. The level vertical any restructuring of the currency and fitted it to the category large amount of 25,000 dinars are alone (two thirds of the amount of securities traded), the issuance of larger groups mean reductase four billion banknotes in circulation now and converted to a number equal to (1.180) billion paper cash. As Stakhtzel large groups of currency nearly 80 percent -90 percent of the total new categories exported to trading (such as 50, 100, 200 new dinars). Said based on the foregoing, the cost of cash transactions between individuals and banks and between individuals themselves or natural moral fall inevitably in terms of the costs of counting and checking. If Maalmana, that banknotes traded eroded the average over a period of five years, which means replacing enormous mass weak structure and consequent costs typographical specifications high security is another burden borne by the issuing authority cash is a relic Management System cash generated economic downturn former became not fit, stability and economic progress desired. said that money is anything agreed upon the community to become a medium of exchange and a store of value and unit account, the money (legal) issued by the monetary authority under the law and with the power of discharge of accounts receivable, seen as a social institution, where increasing the efficiency of the economy and its operations in moving efficiently exchange those social institution money, and vice versa. explaining that continuous inflation led to rising currency of 23 billion dinars in 1991 to about (30) trillion dinars over time. In this drawing new inflation figures for the currency traded add three zeros which increased the nominal amount of cash operations and consequent costs of producing large amounts of Maraafqatha, storage, and distribution operations, sorting and checking accompany her and doubling levels, the growing operational risks associated. And concluded by saying that the reasons for changing the currency current reflects the fruit of economic stability and the success of policies CBI in maintaining stability and of the stability of the dinar and falling inflation to the rank of one decimal and build foreign reserves support of the Iraqi dinar levels never achieved during the thirty years, which is the cover of the Iraqi currency. In addition to improving the system of cash payments and make it leave actual adhesion combination for the past economic اختلالاته and rebuilt on the future of economic development and real and nominal givens. Action needs to review minutes either an economic expert Dr Akram Abdel Aziz began her several questions came in the forefront of any mechanisms that depend upon the implementation of this approach and implement the replacement process and ensures that there is no manipulation during the switching process in the sense of protecting this step of fraud ? And added that the economic situation need to follow all his joints which are needed to promote it, as the money spent on switching process must achieve the goal. Continued its questions you were to stop at concerns and that this process may increase smuggling money abroad, especially that the process of deletion of zeros procedural difficult and complex and require statistics and accurate figures and must stand at the effects on the stock market. They pointed out that this issue if has not been studied extensively and the quality of community, the process of subtraction will of the Iraqi market to imbalance and jerks just because the citizen can imagine that the deletion of zeros will affect the real value of the currency, stressing that the strategy proposed must correlate between the money market and the labor market, as she wondered whether that outlook be comprehensive nature of inflation in terms of it's not the high cost of production and a series elevations price of interest joints much-needed citizen. said that direct this trend needs to be a thorough review of the reality of the Iraqi economy and its institutions of public and private and the extent and effectiveness trends credit support for the work of the private sector . It showed that the basis of the success of any reform process and administrative needs radical treatment and serious fiscal imbalances, monetary and administrative constitute an obstacle to development cash development in Iraq. deficit financing most prominent reasons for the low value of the currency and despite the fact that the process of deletion of zeros from the currency traces can be negative on counterfeiting operations that will accompany it, but the economic expert, Dr. Hilal Taan said during his speech at the symposium opposite when he pointed to the possibility of several gains from behind changing the currency, is to provide a strong cash flow and global Iraq, which is needed to large groups of cash in value and small in size perform functions of money, as well as the deletion of zeros will play a positive role in business dealings, according to Taan who said that other positive which will be produced by changing the currency is escorted to the stage of economic growth and prosperity growing for Iraq, therefore, change the currency is essential This is in line with this optimism in the national economy. reviewed Taan some detail the chronology of the Iraqi dinar and witnessed volatility of price, explaining that in 1980 amounted to release cash in Iraq four billion dinars, and was then the highest denomination is 25 dinars, equivalent to then $ 75, and reached the bloc in 1992 about 25 billion dinars, and increased in 2003 to reach six trillion dinars, and rose this block to reach now 35 trillion dinars. Despite increasing the money supply in this way large compared with the year 1980, which was equal to the highest category of cash which is 25 dinars about $ 75, the Taan For comparison pointed out that the highest category of cash now stands at 25 thousand dinars is it not worth only $ 22. explaining that this shows the size of the collapse happening in the Iraqi currency The wrought by a series of factors do not stand Pferdha deficit financing process in the forefront of those factors but also contributed to other causes in a collapse of the structural changes that have occurred on the size of the budget after 2003, which led to the increase of cash, and this increase resulted in the higher costs Additional transactions, so in the case of deletion of zeros, these costs will decrease inevitably. Taan hinted that Iraq since the eighties resorted to the use of deficit financing policy, and that policy in developed countries achieved positive effects unlike in developing countries, where the States have developed a device productive flexible able to face demand and therefore increase investment, savings and get the economy moving, either in developing countries When Released new cash gets to meet a large amount of money goods are few and services is low, and a productive is flexible and a rise in prices and the flight of capital, stressing that all these negative factors took place in Iraq, and increased rates of inflation, and these negatives according Taan can not be solved without deleting three zeros from the currency. Turning Taan to the importance of the availability of a number of things he said was necessary to initiate the process of deletion of zeros, pointing out that there are factors to concrete and other significant impact material, and also said: that to change the currency prerequisites should be available before this, the first of the reserve strategic direct, any balance of gold and foreign currency, and I see that the dinar Iraqi covered with good foreign currency is according to the Central Bank of 67 billion dollars. believes Taan he Furthermore, the second factor that must be made ​​available to initiate the process of deletion is in the size of the reserve strategic indirect, and intended to natural resources, and this is positive now, especially since Iraq has become the second country after Saudi Arabia in the volume of production and exports of oil to OPEC members, explaining that the third thing is the factor psychological, any behaviors and activities to some wholesalers, who became not like to deal in Iraqi dinars, and preferred the dollar, despite the fact that The currency is a commodity, the greater the demand for that commodity value rises, and vice versa. has provided a number of experts and researchers interventions task enriched table ideas and solutions, including the Executive Director of the Association of private banks in Iraq Abdul Aziz Hassoun, and banking expert Abdul Hussein Mundhiri, and economic researcher Thamir Alheimus and economic analyst, Dr. Hussein Allawi, and a number of other businessmen, including investor Hadi Hndas, and investor Ibrahim Jaber Hussein, and Ibrahim Mohamed Ali investor.

http://www.alsabaah.com/ArticleShow.aspx?ID=34237

Here is Stryker's breakdown on this article for anyone that's interested:

OK FOLKS, THIS ONE IS LONG BUT LET’S SEE IF IT HAS ANYTHING TO ADD OR UNCOVER TO OUR ALREADY CONFUSING DELETION OF THE ZEROS SUBJECT….

IT LOOKS LIKE ANOTHER ROUND TABLE FULL OF EXPERTS THAT WAS ORGANIZED BY THE STRATEGIC STUDIES TOOK PLACE, SEE HERE;

**** opened the round table organized by the Center for Strategic Studies

IT LOOKS LIKE THERE IS MORE THAN JUST ONE WAY OF LOOKING AT THE DELETION OF THE ZEROS AS YOU CAN TELL BY THIS STATEMENT;

**** Economic Section Multi file deletion of zeros….. MULTI FILE…

WHICH THEY SEEM TO BE LOOKING HARD TO SEE IF THEY CAN UNDERSTAND THE IMPACT THESE DELETION OF ZERO FILES WILL MAKE ON THE ECONOMY;

**** which is the richest insights

**** and analyzes the value

**** and put points on the letters in decoding

AND IT IS CONFUSING TO THEM, AS IT IS TO US;

**** choking on a lack of understanding subject

LISTEN, I BELIEVE THEY ARE OVER THEIR HEADS WITH THESE FILES BECAUSE OF THEIR LACK OF ECONOMIC UNDERSTANDING, YOU NEED TO HAVE THE UNDERSTANDING THAT IS IN DR. SHABIBI’S MIND TO UNDERSTAND WHAT HE HAS PLANNED IMO.

IN THIS NEXT PARAGRAPH, YOU SEE THAT THEY STILL NEED LAWS THRU LEGISLATION THAT NEEDS COMPLETED, WE HAVE READ THIS OVER AND OVER IN THE LAST YEAR PLUS….BUT WE ALSO KNOW THRU ARTICLES THAT THE LAWS ARE READY FOR PARLIAMENT…**** a group of experts who participated in this table to the fact that such an important decision and dangerous at the core of the economic problem needs to law and legislation to ensure not falling

I THINK THE LAWS ARE READY TO BE VOTED ON AS SOON AS THE POLITICAL ISSUES ARE SOLVED, THEN THE RV IS READY TO GO….

HERE IT SEEMS SHABIBI IS SPELLING IT OUT FOR THEM TO UNDERSTAND THAT THEY HAVEN’T HAD IN THE PAST SEMINARS AND THEY ARE READY TO GO;

**** For the first time***in the most if not all ***seminars previous****economic converge policies have monetary and fiscal table….. SEE WHAT I MEAN?...

Maliki’s hours are numbered….Implement or Get Out of the Way

….OK, I FIND THIS INTERESTING AND YOU SHOULD TOO FURTHER PROOF THAT THEY HAVE AN UNDERSTANDING NOW;

**** understanding in order to solve the problem and thus contributing to the distance from the potential risks that may accompany BUT THEY STILL ARE NOT GOING TO TELL FOR SURE

**** the process of change or raise zeros. CHANGE OR RAISE ZEROS….

**** Dr. Mohammed Saleh historical overview of money and commitments as a prelude to clarify participants had enriched everyone of the importance….

**** of lifting of the zeroes LIFTING THE ZEROS

OK, I’LL BREAK THIS DOWN

“CHANGE OR RAISE ZEROS”….“LIFTING THE ZEROS”

“RAISE” THE RATE BY CHANGING THE VALUE

“LIFTING” THE OOO NOTES FROM THE MARKET

“DELETION OF THE ZEROS” IS TO NOT HAVE THE OOO’s ON THE NEW NOTES THAT WILL BE OR ARE ALREADY PRINTED

THIS PART SOUNDS A LOT LIKE THE TWO VIEWS OF HOW SOME LOOK AT THE DELETION OF THE ZERO, SEE; **** despite the emergence of intersection in the two views

I REALLY BELIEVE THAT SHABIBI KNOWS WHAT HE WILL DO BUT Finance d. Hilal Taan MAY THINK HE HAS ANOTHER VISION AS YOU WILL SEE HERE BUT IN REALITY THEY ARE ONE IN THE SAME BUT SHABIBI CANNOT LET IT BE HIS IDEA, IT NEEDS TO BE THE GOI’s IDEA, SHABIBI WORKS FOR AN INDEPENDENT COMPANY THAT STANDS TO MAKE BILLIONS FROM THE CHANGE SO THE LAST THING HE NEEDS IS IT TO BE HIS IDEA;

**** and striking contrast representative of the Ministry of Finance d. Hilal Taan vision on the action

**** in sub converge policies have cash financial and in one pot, …CASH RESERVES

**** but a careful to keep the national economy from additional shocks. …IMO A LOP WOULD NOT TAKE THIS CLOSE OF STUDY AND WOULD NOT HAVE ANY SHOCK ON THE ECONOMY BUT UNVEILING THE REAL VALUE MAY CAUSE A SHOCK TO NOT ONLY THEM BUT TO US TOO. BTW, I WOULD LOVE TO BE SHOCKED IN A GOOD WAY MYSELF

Maliki’s hours are numbered….Implement or Get Out of the Way

HERE IS WHERE IT GETS INTERESTING AGAIN….

**** Taan focused on the obstruction,

**** the only way to delete the zeros is the psychological aspect of a group of Iraqi businessmen..PSYCHOLOGICAL

PSYCHOLOGICAL is an academic and applied discipline that involves the scientific study of mental functions and behaviors.[1][2] Psychology has the immediate goal of understanding individuals and groups by both establishing general principles and researching specific cases,[3][4] and by many accounts it ultimately aims to benefit society AND IN MANY ACCOUNTS IT ULTIMATELY AIMS TO BENEFIT SOCIETY

**** who have devoted culture of the state and rely on the dollar,

**** while noting the experiences of other countries reservations….. NOT THE RIGHT WAY TO DO IT, OTHER COUNTRIES EVEN HAD RESERVATIONS WHILE AND AFTER THEY DID A LOP

BUT THEY SHOULD HAVE RELIED ON THEIR CURRENCY AS A WAY TO FORCE THEIR ECONOMIC ACTIVITY, SEE HERE; ?????? to rely on is their currency and a way to force their economic activity.

HERE IS WHERE HE TALKS ABOUT WHEN WOULD BE A GOOD TIME;

**** This analysis led to the development of ideas converged on the timing of the deletion of zeros and receded in the availability of envelopes ***

**** firstly cover legislative saves currency from acting qualitative….QUALITATIVE IN THIS MEANING IS A HIGH DEGREE OF SUBJECTIVITY, OR BETTER PUT; THE LAWS WILL CAUSE LESS CONFUSION TO THE CITIZENS IMO

**** secondly create a culture of attention in the national currency….A HIGHER VALUE WOULD DO THIS

**** and this is governed by a matter of time blaming devices media responsibility to adopt this role….SOME OF THE ADVERTISING THAT SHABIBI HAS TALKED ABOUT THRU THE MEDIA,

**** Many of the participants all agreed on the need to provide a suitable environment for such a move is important, …THIS IS WANT IS BEING DONE NOW AS WE CAN SEE

**** acknowledging its importance due to the fact that the currency represents infrastructure sober for the country's economy, ….SOUNDS SOBERING TO ME

**** and on the grounds that the country's economic strength stems from the power of her money. ….YES IT DOES

Maliki’s hours are numbered….Implement or Get Out of the Way

**** need to reform the system of payments deputy central bank governor the appearance of Dr. Mohammed Saleh pointed out that under the price stability and optimism in Iraq Development, OIL PRODUCTION IS AT ITS HIGHEST SINCE THE 80’s

**** it became necessary radical reform on the system management of currency as well as the re-structure commensurate with the price structure new and different, …THIS IS WHAT NEEDS CHANGES, THEY NEED CURRENCY THAT IS EASLIY HANDLED LIKE THE US DOLLAR IS, LESS ZEROS

**** stable and levels of wages and salaries, WE HAVE READ OF THIS BEING DONE TOO BUT THEY MAY HAVE A FEW MORE THAT NEEDS DONE,

SEE HERE THE SYSTEM NEEDS TO BE BACK TO WHERE IT WAS 30 YEARS AGO BECAUSE THINGS ARE BACK LIKE THEY WERE THEN****which differed significantly from the last thirty years, as well as handle the mass of large cash weak components so that it has become the largest category currency Atsawi only $ 21 U.S. at the present time. BUT THE DINAR IS NOT WORTH BUT $ 21U.S.

BUT SEE THE GDP WILL MORE THEN DOUBLE BY 2015 **** noting that the increase in gross domestic product of Iraq from $ 140 billion at year-end 2010 to more than $ 300 billion at the end of 2015,

THIS TALKS ABOUT THE REASON WHY THE VALUE IS WHERE IT IS **** will raise the money supply exporting of 30 trillion dinars to about 70 trillion dinars. And weak structure in the currency structure as mentioned above may take adds cost called the cost of cash transactions in terms of trading, whether between individuals themselves, individuals and banks within the banking system itself.

HERE THEY WANT TO BE LIKE SWEDEN AND IT ONLY COST THEM 4% OF THE GDP COMPARED TO IRAQ AT 8 % AND IT IS ALL DUE TO THE 000’s MAKING IT HARDER TO COUNT, HANDLE, ETC… **** Saleh said that in Sweden, for example, having now one of the best systems of cash payments in the world and despite that, the cost of trading cash counting, transmission and storage of the coin costing the national economy accounted for 4 percent of the gross domestic product of Sweden. Wondering how to compare that in a country like Iraq shall be managed so huge amounts of cash weak structure, adds the cost of cash transactions may reach 8 percent or more of GDP, a burden borne by the individual in his dealings which took reduces the efficiency of cash as an institution social support to institutions economy different, including the market as evidenced by the decline in cash transactions

because of falling efficiency and installation of the money supply current. and pointed out that the multiplicity of zeros raises the denominations with declining purchasing power has enormous difficulties, including the difficulty of expression for the cash value as well as the same (YOU THINK THEY NEED A CHANGE ??) difficulties of monetary operations and technical problems in the recording of statistical data in the accounting books and changing accounting systems and settlement systems, as well as prices figures show long difficult counters or digital devices read Asfarha in gas stations or other digital devices. and continued on this basis has become a need to reform the system of cash payments through several advantages,

GIVE THIS NEXT PART TO THE LOPSTERS BECAUSE IT BACKS UP THEIR UNDERSTANDING OF WHAT THEY BELIEVE WILL HAPPEN

**** the first on the horizontal plane and is deleting three zeros any transfer 30 trillion dinars to 30 billion Dolaran by deleting three zeros from the current currency and replace it with a new currency making it easier to handle arithmetic with numbers are less numerous in terms of accounts the federal budget,

**** the budgets of banks and companies as well as balancing family cash (individuals) without incurring any change or switch on the wealth of cash for natural persons and moral as well as non-depressing contracts and obligations between natural persons and all concerned. ,

**** which called generating function sports political debate or political debate of the world (1752) Effect of nominal price levels with a high amount of money,

OK FOLKS YOU JUST READ HOW EASY IT WOULD BE TO LOP THE ZEROS, HOW EASY IT WOULD TO EXPLAIN TO EVERYONE….EASY….EASY….EASY RIGHT, RIGHT SO WHY ALL THE STUDIES, WHY ALL THIS?

**** such as the transition from Roman numerals to Arabic numbers (the numbers in English now), that the transition to ????? of the basic principles of science and math. BASIC PRINCIPLES OF SCIENCE AND MATH

NOW THIS STATEMENTS SAY WHY;

**** High amounts of money leads to higher prices for the same without the impact's real economy results.

**** the level vertical any restructuring of the currency and fitted it to the category large amount of 25,000 dinars are alone (two thirds of the amount of securities traded),

Maliki’s hours are numbered….Implement or Get Out of the Way

**** the issuance of larger groups mean reductase four billion banknotes in circulation now and converted to a number equal to (1.180) billion paper cash.

MORE HISTORY IS NEXT THAT’S ALL….NOT BREAKING THIS DOWN BUT SHOWING EVERYTHING BECAUSE I DON’T WANT ANYONE TO SAY I CHANGED OR TOOK ANYTHING OUT

As Stakhtzel large groups of currency nearly 80 percent -90 percent of the total new categories exported to trading (such as 50, 100, 200 new dinars). Said based on the foregoing, the cost of cash transactions between individuals and banks and between individuals themselves or natural moral fall inevitably in terms of the costs of counting and checking. If Maalmana, that banknotes traded eroded the average over a period of five years, which means replacing enormous mass weak structure and consequent costs typographical specifications high security is another burden borne by the issuing authority cash is a relic Management System cash generated economic downturn former became not fit, stability and economic progress desired. said that money is anything agreed upon the community to become a medium of exchange and a store of value and unit account, the money (legal) issued by the monetary authority under the law and with the power of discharge of accounts receivable, seen as a social institution, where increasing the efficiency of the economy and its operations in moving efficiently exchange those social institution money, and vice versa.

THIS EXPLAINS HOW INFLATION INCREASED SO DID THE AMOUNT OF THE DINARS OVER TIME BUT THIS IMO IS WHY THEY JUST CANNOT TAKE THE ZEROS OUT OF CIRCULATION ALL AT ONCE AND IT MOST AND HAS BEEN DONE OVER TIME, IMO THEY HAVE BEEN TAKING THE LARGE 25,000 AND OTHER NOTES OUT THRU THE AUCTIONS BUT NOT REVEALING IT …. YOU CAN LOOK AT IT THE WAY THE LOPSTERS DO OR THE WAY I DO AND I CONCEDE MY THEORY IS BASED ON THEM DOING THIS SO THE ONES THAT DON’T SEE IT THIS WAY REALLY DON’T NEED TO COMMENT AS I HAVE CONCEDED TO YOUR THINKING ALREADY **** explaining that continuous inflation led to rising currency of 23 billion dinars in 1991 to about (30) trillion dinars over time.

SEE IT TOOK 30 YEARS FOR THIS TO HAPPEN SO THEY CANNOT CHANGE IT OVER NIGHT AND THAT IS WHY I BELIEVE THEY HAVE BEEN REDUCING THE MONEY SUPPLY OVER THE LAST YEAR THROUGH MY RESEARCH **** In this drawing new inflation figures for the currency traded add three zeros which increased the nominal amount of cash operations and consequent costs of producing large amounts of Maraafqatha, storage (SEE THE INFLATION COMES DOWN SO SHOULD THEY BRING THE LARGE ZEROS OFF THE MARKET THUS THE LARGE STORAGE FEES), SEE THEY HAVE MORE THEN 4 TRILLION WORTH OF DINARS IN THE MARKET BUT THEY JUST HAPPEN TO BE IN USD, ONCE THEY DE-DOLLARIZE THAT USD WILL GO STRAIGHT INTO THE CBI RESERVES TO BACK SOME OF THE NEW PRINTED DINAR WITH THE ZEROS DELETED FROM THEM (LD IQD)

**** and distribution operations, sorting and checking accompany her and doubling levels,

**** the growing operational risks associated.

**** And concluded by saying that the reasons for changing the currency current reflects the fruit of economic stability SEE THEY WANT IT TO WORK THE WAY IT SHOULD, YOU TAKE AWAY YOU GIVE IT BACK THE SAME WAY, YOU DON’T LOP IT FROM THE PEOPLE…. THAT WOULD BE THE WAY COUNTRIES WITH HIGH INFLATION WOULD DO IT IMO

**** and the success of policies CBI in maintaining stability and of the stability of the dinar and falling inflation to the rank of one decimal THIS LOOKS LIKE A ONE (1) DECIMAL MOVE IN THE EXCHANGE RATE OR IS IT THREE (3) AND THEY WILL JUST NOT TELL US AT THIS POINT

**** and build foreign reserves support of the Iraqi dinar levels never achieved during the thirty years, which is the cover of the Iraqi currency. ….THEY ARE SAYING THAT THEY ARE DOING IT THE WAY WE/I BELIEVE BECAUSE THE RESERVES AND THE PRODUCTION HAVE NEVER SEEN IT THIS HIGH SINCE THE 80’s (THE PAST 30 YEARS)……ALL THEY NEED TO BE, IS LIKE THEY WERE THEN WHEN THE MONEY SUPPLY WAS 23 BILLION DINAR AND THE CURRENCY WOULD HAVE THE SAME VALUE AS IT WAS BACK THEN

**** In addition to improving the system of cash payments and make it leave actual adhesion combination for the past economic ????????? and rebuilt on the future of economic development and real and nominal givens.

MORE TALK ABOUT IMPLEMENTATION **** Action needs to review minutes either an economic expert Dr Akram Abdel Aziz began her several questions came in the forefront of any mechanisms that depend upon the implementation of this approach and implement the replacement process and ensures that there is no manipulation during the switching process in the sense of protecting this step of fraud?

IS IT WORTH THE MONEY SPENT, THEY WILL MAKE THIS BACK IN THE 4% SAVINGS EVERY YEAR**** And added that the economic situation need to follow all his joints which are needed to promote it, as the money spent on switching process must achieve the goal.

**** Continued its questions you were to stop at concerns and that this process may increase smuggling money abroad,

**** especially that the process of deletion of zeros procedural difficult and complex

**** and require statistics and accurate figures and must stand at the effects on the stock market.

**** They pointed out that this issue if has not been studied extensively and the quality of community,

**** the process of subtraction will of the Iraqi market to imbalance

**** and jerks just because the citizen can imagine that the deletion of zeros will affect the real value of the currency,

**** stressing that the strategy proposed must correlate between the money market

**** and the labor market,

**** as she wondered whether that outlook be comprehensive nature of inflation in terms of it's not the high cost of production and a series elevations price of interest joints much-needed citizen.

**** said that direct this trend needs to be a thorough review of the reality of the Iraqi economy

**** and its institutions of public

**** and private

**** and the extent

**** and effectiveness trends credit support for the work of the private sector .

It showed that the basis of the success of any reform process and administrative needs radical treatment and serious fiscal imbalances,

**** monetary

**** and administrative constitute an obstacle to development cash development in Iraq.

**** deficit financing most prominent reasons for the low value of the currency and despite the fact that the process of deletion of zeros from the currency traces can be negative on counterfeiting operations that will accompany it,

**** but the economic expert, Dr. Hilal Taan said during his speech at the symposium opposite when he pointed to the possibility of several gains from behind changing the currency, POSSIBILITY OF SEVERAL GAINS

**** is to provide a strong cash flow and global Iraq,

**** which is needed to large groups of cash in value

**** and small in size perform functions of money,

**** as well as the deletion of zeros will play a positive role in business dealings,

**** according to Taan who said that other positive which will be produced by changing the currency is escorted to the stage of economic growth and prosperity growing for Iraq,

**** therefore, change the currency is essential

**** This is in line with this optimism in the national economy.

**** reviewed Taan some detail the chronology of the Iraqi dinar

**** and witnessed volatility of price,

BRING THE MONEY SUPPLY DOWN AND YOU HAVE IT WHERE IT WAS BECAUSE EVERYTHING ELSE IS WHERE IT WAS THEN, INFLATION AND PRODUCTION ARE WHERE THEY WERE IN THE 80’s

****** explaining that in 1980 amounted to release cash in Iraq four billion dinars, and was then the highest denomination is 25 dinars, equivalent to then $ 75,

**** and reached the bloc in 1992 about 25 billion dinars,

**** and increased in 2003 to reach six trillion dinars,

**** and rose this block to reach now 35 trillion dinars.

**** Despite increasing the money supply in this way large compared with the year 1980, which was equal to the highest category of cash which is 25 dinars about $ 75, the Taan For comparison pointed out that the highest category of cash now stands at 25 thousand dinars is it not worth only $ 22.

**** explaining that this shows the size of the collapse happening in the Iraqi currency The wrought by a series of factors do not stand Pferdha deficit financing process in the forefront of those factors but also contributed to other causes in a collapse of the structural changes that have occurred on the size of the budget after 2003,

**** which led to the increase of cash,

**** and this increase resulted in the higher costs Additional transactions,

**** so in the case of deletion of zeros, these costs will decrease inevitably.

**** Taan hinted that Iraq since the eighties resorted to the use of deficit financing policy, and that policy in developed countries achieved positive effects unlike in developing countries,

**** where the States have developed a device productive flexible able to face demand and therefore increase investment,

**** savings

**** and get the economy moving,

**** either in developing countries When Released new cash gets to meet a large amount of money goods are few and services is low,

**** and a productive is flexible and a rise in prices and the flight of capital,

**** stressing that all these negative factors took place in Iraq,

**** and increased rates of inflation,

**** and these negatives according Taan can not be solved without deleting three zeros from the currency.

THIS CAN BE HANDLED TWO WAYS….LOP OOO’s OR SUCK THE MONEY SUPPLY DOWN OVER TIME LIKE I BELIEVE THEY HAVE AND REVALUE THE CURRENCY TO WHAT IT SHOULD BE FOR THEIR PEOPLE.…

Turning Taan to the importance of the availability of a number of things he said was necessary to initiate the process of deletion of zeros,

**** pointing out that there are factors to concrete

**** and other significant impact material,

**** and also said: that to change the currency prerequisites should be available before this,

**** the first of the reserve strategic direct,

**** any balance of gold and foreign currency,

**** and I see that the dinar Iraqi covered with good foreign currency is according to the Central Bank of 67 billion dollars.

**** believes Taan he Furthermore, the second factor that must be made available to initiate the process of deletion is in the size of the reserve strategic indirect,

**** and intended to natural resources, BINGO

**** and this is positive now,

**** especially since Iraq has become the second country after Saudi Arabia in the volume of production

**** and exports of oil to OPEC members,

**** explaining that the third thing is the factor psychological,

**** any behaviors

**** and activities to some wholesalers,

**** who became not like to deal in Iraqi dinars,

**** and preferred the dollar,

**** despite the fact that The currency is a commodity,

**** the greater the demand for that commodity value rises,

**** and vice versa. has provided a number of experts

**** and researchers interventions task enriched table ideas and solutions,

**** including the Executive Director of the Association of private banks in Iraq Abdul Aziz Hassoun,

**** and banking expert Abdul Hussein Mundhiri,

**** and economic researcher Thamir Alheimus

**** and economic analyst, Dr. Hussein Allawi,

**** and a number of other businessmen,

***** including investor Hadi Hndas,

**** and investor Ibrahim Jaber Hussein,

**** and Ibrahim Mohamed Ali investor.

THIS WAS A TIME CONSUMING TASK BUT I HOPE THIS HELPS, LOP THE 000’S WOULD HAVE BEEN DONE LONG AGO WHEN SHABIBI BROUGHT THE INFLATION DOWN TO 3 % LAST YEAR BUT THEY HAVE A BIGGER PLAN FOR IT….WATCH WHAT THE WORLD IS ABOUT TO DO WITH THE BILLIONS ABOUT TO BE PUT INTO SPAIN, GERMANY AND OTHER EUROPEAN COUNTRIES!!! THIS IS JUST PART OF THE BIGGER PICTURE FOLKS.

I DID THIS BECAUSE YOTA ASK ME TOO; HE IS A REAL FRIEND, A PATRIOT OF THE USA AND A PATRIOT OF OUR INVESTMENT INTO A COUNTRY THAT WAS WORTH SAVING IMO……

GOD BLESS OUR FALLEN SOLDIERS

[simon8957]

WOW..that was alot of readin..thanks Yota for the article and Stryker for the break down...much appriciated!!!!

[yota691]

Thanks already post with Stryker Breakdown with it

Delete the zeros and the fate of the currency .. In the hands of the experts at the table (morning)

Read more:

[KNTIME]

Thanks to all gotta love strykers breakdowns and all of yotas groundwork!

[ladychurch]

Thank you!

[Dinar Buddy]

Still multiple years from happening... Caution all.

[dinaris4me]

I would disagree with stryker on many of his points and agree with a few of them. What most of the article explains is why it is necessary to replace the currency with a new one. If you look at the projected growth of their M1(cash dinar) from 30 trillion to 70 trillion in 2015, they are saying it would be much less expensive to replace it with a new one (minus the three zeros) than it would be to stay on the path they are on. Stryker and others who say the are "removing the three zero bills from circulation" miss a very very basic component. Since there is only 30 trillion in cash out of a basic money supply of 70 trillion, then the most they could remove if they took every cash dinar out of circulation would be 30 trillion, which would still leave 30 trillion and that is under the extreme and unattainable situation of removing ALL cash. So the best case would be maybe reducing it 5 to 10 trillion. That would get them no where near the 30 billion they need to be at.

[mrmcwhipit]

Thanks Yota, Thanks Stryker

[Joker017]

Thanks Yota & Thanks Stryker... Much Appreciated!

[tenmillion]

Thank you for the breakdown Stryker. Here is the part I don't understand:

"THIS EXPLAINS HOW INFLATION INCREASED SO DID THE AMOUNT OF THE DINARS OVER TIME BUT THIS IMO IS WHY THEY JUST CANNOT TAKE THE ZEROS OUT OF CIRCULATION ALL AT ONCE AND IT MOST AND HAS BEEN DONE OVER TIME, IMO THEY HAVE BEEN TAKING THE LARGE 25,000 AND OTHER NOTES OUT THRU THE AUCTIONS BUT NOT REVEALING IT …. YOU CAN LOOK AT IT THE WAY THE LOPSTERS DO OR THE WAY I DO AND I CONCEDE MY THEORY IS BASED ON THEM DOING THIS SO THE ONES THAT DON’T SEE IT THIS WAY REALLY DON’T NEED TO COMMENT AS I HAVE CONCEDED TO YOUR THINKING ALREADY **** explaining that continuous inflation led to rising currency of 23 billion dinars in 1991 to about (30) trillion dinars over time."

This is a screen shot of the latest CBI financials from the CBI website. These numbers are also used by the IMF for their reports. Line 79 shows over 30 Trillion Dinars in outside circulation. So are you saying that these numbers are incorrect?

Edited September 4, 2012 by tenmillion

[Dinar Buddy]

Still multiple years from happening... Caution all.

[tenmillion]

Okay...I guess Stryker is banned and can't reply to posts???

[Dalite]

Okay...I guess Stryker is banned and can't reply to posts???

Yeah, he apparently is, and his Mama dresses him funny.

The general idea I get from his/her analysis, combined with the opinions of folks who have been here longer than I have is that he/she possesses all the qualifications to be the "next" Villiage Idiot.

Here is the deal with the CBI key financial indicators... All the Pumpers have taught their followers to spread the word that the figures are the proverbial " smoke and mirrors".

Anything that gives a concrete basis to go forward is smoke and mirrors, and the next Harry Potter spreads the gospel ( as he flies through the air).

Illogical

[tenmillion]

"Stryker::: OK FOLKS YOU JUST READ HOW EASY IT WOULD BE TO LOP THE ZEROS, HOW EASY IT WOULD TO EXPLAIN TO EVERYONE….EASY….EASY….EASY RIGHT, RIGHT SO WHY ALL THE STUDIES, WHY ALL THIS?"

After I skimmed through this document on Venezuela's re-denomination, it doesn't look like a redenomination/lop would be "easy easy easy"

Maybe Stryker has more information on this subject than I do...

http://www.reconversionbcv.org.ve/englishversion/pdf/fundamentalscurrencyredenomination.pdf

[keepmwlknfny]

"Stryker::: OK FOLKS YOU JUST READ HOW EASY IT WOULD BE TO LOP THE ZEROS, HOW EASY IT WOULD TO EXPLAIN TO EVERYONE….EASY….EASY….EASY RIGHT, RIGHT SO WHY ALL THE STUDIES, WHY ALL THIS?"

After I skimmed through this document on Venezuela's re-denomination, it doesn't look like a redenomination/lop would be "easy easy easy"

Maybe Stryker has more information on this subject than I do...

http://www.reconvers...enomination.pdf

Apparently he does!! More then all of us put together.....quite a guy he is lol....

[TBomb]

I so admire people who bully over the internet, it increases their cowardice to a whole new and unforseen lower level.

[coldwarvet]

Thanks, Yota and Stryker. I've not seen anyone on this forum do the in depth analysis that Stryker just offered. Here's hoping he's right!