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Economists: the decision to delete zeros from the currency. Need


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1 - 29 - 2013

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Before the decision was announced near delete three zeros of the Iraqi currency, and that the project will be launched early next year and will last for two to three years. Then came other statements Announces Government Act implementation of the present resolution and postponed to a later date.

It will project permission on paper as dub, Deputy Director of the Central Bank of the appearance of Mohammed Saleh? .... The decision was to delete the zeros of the Iraqi currency with a lot of pros and cons, economists believed that the resolution would lead to the collapse of the national currency and see some of the latest that he would return to the country with great interest and unfortunately wait in its implementation of a joint project between the Government and the Central Bank. As long as the Government seeks to postponed due to security concern, it could not be implemented in this year or the following year as Deputy Director of the Central Bank, the timing is very important in this case and that its implementation must coincide with the beginning of the fiscal year, so you will not find space for inevitably implementation this year. Valid regrets on delaying the project for the country's economic performance as long as it will improve the efficiency of cash and reduces the impact of big numbers, monetization needs to cash large and small groups will be dealing with categories such as (50 dinars (f) 100 dinars) and (200 dinars) in addition to less of the dinar (JD half and quarter-dinars) and (50 Fils, 25 Fils).

And is confirmed by the economic and financial expert at the Central Bank who doesn't see Majed mock difficulty in the implementation of the resolution as it will help in the process of reducing the volume of currency trading in large transactions and will lead to more accurate price policy in the future as long as it will be dealing with thousands and millions rather than billions as well as its role in the detection of forgeries before the Central Bank will impose on banks using state-of-the-art techniques for the detection of forgeries. Adds «and the techniques to be used in printing the new currency will be strong only if behind that organized gangs or assisted by the State because the precise specifications and methods established by the Central Bank will be very strict.

In contrast, the Economist warns Tawfik inhibitor from the collapse of the national currency in the case of application of the decision to delete the three zeros, indicating the need to prolong the currency switch and not drag the old currency and the new release directly, but do this together so as not to cause harm to the economy or any direct impact on the living conditions of the citizens.

On the other hand, the mana that the counterfeiting of currency is another reason in its collapse so warns this occurs particularly that there are large gangs and Division of work capable of forging the largest Iraqi currency.

Most citizens regarded the decision to delete the three zeros from the currency look apprehension after they used their pocket to carry paper large groups and stakeholders, including dealing with the hundreds of millions.

Businessman Saleh believes wazani deleting zeros would be detrimental to the stock trading level in Iraq market for securities, because there will be lost if shares delete zeros. And works in the area of stock weighted since 2005 and has increased his fondness when developed using electronic screens, but does not hide his fear of failure to deal, in particular, that the stock will drop foreign stock to block the signing of agreements with foreign investment companies that believe that currency will reduce profits.

Meanwhile, Assistant Professor in the Faculty of administration and economy just Abdul Jalil that Iraq is not ready to delete the zeros of the dinar, because it needs to stabilize the political and economic security, and Iraq the banner does not need replacement currency as much as is needed to control the oscillation in the dinar against the dollar. And Abdul Jalil said the lifting of zeros would cost the State budget amounts and may open the door to corruption and waste of public money as well as not addressing the inflation problem because Iraqi market importers of all goods and services from abroad means a significant drain of foreign exchange.

In response to these concerns, the Deputy Director of the Central Bank to force Iraqi dinar which has become similar to hard currency policy of the Central Bank controlling Monetary liquidity in the local market. There was a large cash reserve of hard currency is kept to face difficult circumstances that may occur in the country that gives power to the dinar currency. The policy of the Central Bank according to the benefit to the stability of the dinar to the US dollar, the Iraqi dinar price weighted equal to the US dollar over the next two years after implementation of the project to delete the three zeros of the Iraqi currency. Saleh believes Iraqi citizen needs to make in the villages and towns and also school students and that the media's role in helping citizens to receive project.

Economic expert confirms this view Majed mock, explaining that the new currency would be gradual so as not to experience ' to any defect or blackmail from stakeholders until the old currency is withdrawn completely, also required a large information campaign run by the Central Bank and its associates to educate the citizen.

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Man this is a great article .

"

"The policy of the Central Bank according to the benefit to the stability of the dinar to the US dollar, the Iraqi dinar price weighted equal to the US dollar over the next two years after implementation of the project to delete the three zeros of the Iraqi currency. "

Edited by R Veyron
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" the Iraqi dinar price weighted equal to the US dollar over the next two years AFTER implementation of the project to delete the three zeros of the Iraqi currency ", Can some experts explain to us please " it is a good news ( RV first then delete or delete first then RV ) because it mentions the word " AFTER "? I hope I was wrong.

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Man this is a great article .

"

"The policy of the Central Bank according to the benefit to the stability of the dinar to the US dollar, the Iraqi dinar price weighted equal to the US dollar over the next two years after implementation of the project to delete the three zeros of the Iraqi currency. "

This is the opposite of what we want, (after the impletentaion to delete 3 zeros), this means LOP!!! This is a horrible article!!!!

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Well, if they were intending to re-denominate their currency, it is looking to be at about 2+ years out from even now. That is crazy to think - because that means if a R/D is truly the end-game of this, than we're looking to 2+ years for disappointment.

This also conflicts w/ the Turki translation as well. Confusion........

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At some point the CBI will have to delete a few zeros and reinstate their currency to a value that is reflective of their current economy and balance sheet. I don't think that the Iraqi's can get away with their current charade, indefinitely.

It's too bad that there are so many USD's on the streets in Iraq. Our government shipped too many pallets. The Iraqi's use our money to trade with. That is not good. There is no telling how much USD has been moved to Syria, Iran and other countries that I'm not aware of.

USD is the instrument of trade in Iraq. I doubt that Iraq is in a hurry to adjust the value of their currency.

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" the Iraqi dinar price weighted equal to the US dollar over the next two years AFTER implementation of the project to delete the three zeros of the Iraqi currency ", Can some experts explain to us please " it is a good news ( RV first then delete or delete first then RV ) because it mentions the word " AFTER "? I hope I was wrong.

NOT Good news- this is A LOP article. Our 25,000 present note becomes a 25 note- then after one or two years, it will be on par with the U.S. dollar- meaqning it will be worth 25 bucks U.S.

READ People- this is NOT what we want!!!

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Yes the first part is talking about a lop... But it also talks about how the citizens are apprehensive about it and how it will be bad for shares being lost in the stock markets. So not everyone's on board with delete the zeros which still gives us hope. They could have deleted the zeros a long time ago but they still continue to talk about it... Why would they ever tell us anything different other than delete the zeros? They wouldn't.

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Yes the first part is talking about a lop... But it also talks about how the citizens are apprehensive about it and how it will be bad for shares being lost in the stock markets. So not everyone's on board with delete the zeros which still gives us hope. They could have deleted the zeros a long time ago but they still continue to talk about it... Why would they ever tell us anything different other than delete the zeros? They wouldn't.

Agreed! The educational campaign has gone on for so long, even when it is supposedly right in their face about to happen it seems the citizens won't be able to react or prepare for it. Honestly, when you consistently hear about something happening soon and it never does your about to believe it will never happen regardless of what the media says. Its like the story of the boy who cried wolf, but in this case I question if that wolf will ever come.

But, at first it appears like you said, speaking of a re-denomination. But, it points out many reasons on why it shouldn't happen or should be delayed. They function now w/o doing it, why not continue the trend and allow a gradual increase in value over the next many years?

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KUWAITI blew the same colored smoke just before a huge BOOB revaluation.

Very True , come on gang we are speculators, and position all your assets. if it came in at .10 (as Adam stated in the past ) BINGO ! Say it does LOP , (would need a huge value) some were saying par with Kuwait (3.86) BINGO !!! . Just a ting , Don't keep all your eggs in one basket ! However your willingness to dream, PRICELESS !!! Pause . We don't know yet ! Quite sure the world is in charge , and we will be surprised . Be at peace , you are in speculation territory ( Best in my life time) we will see , down payment on a house , or an Island . Dream , Not a loosing Prop . Diversify , ( either way a great addition to my portfolio) But keep your day Job . just sayin . It is one of those win wins , dependent on how you see it , Profit or Profit . Stay grounded .

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Oh yes and I might add , The in country dinar vs worlds . Iraq has over 163 years at 2m barrels (of oil) a day discovering more almost everyday (plus precious metal and nat gas) the currency out of country is simply required foreign reserve (asset backing to print treasury notes and such ) . Iraq will never see the cash in of the world , Just the confidence we have in their people (futures bright won't cost them a dime ) . Bread basket of the world in such turmoil ( In the words of our savior and god) , Go figure :blink:/>

Anything is possible :rolleyes:

Edited by Telabiz
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Sorry Keep so long to respond , spend most of my time off these sites . The confidence , hope you have in a safe place . We are the confidence , Paid in full . Iraq is already past that issue . Been awhile , say hello to scoot for me Bro . :)/>

Oh and heavy !!

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Businessman Saleh believes wazani deleting zeros would be detrimental to the stock trading level in Iraq market for securities, because there will be lost if shares delete zeros. And works in the area of stock weighted since 2005 and has increased his fondness when developed using electronic screens, but does not hide his fear of failure to deal, in particular, that the stock will drop foreign stock to block the signing of agreements with foreign investment companies that believe that currency will reduce profits.

Read more:

Didn't they say a month or two ago that the ISX was going to be traded electronically from anywhere in the world on a certain date in February? I can't see that happening with Chapter 7 in place and I also don't see anyone trading the ISX without Iraq making concrete guidelines for their currency. No real direction of the Iraqi dinar would lead to uncertainty in investing in the ISX. What investor would put "real money" (a billion dollars) in a market that could turn it to a million over night? So I think once they figure out that the real money players don't want none, then Iraq will have to put a real currency solution in place...

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Well you can go with Kuwait did it but remember , And i no lots of you no it to. We have seen B/S news like this be for many times, get us all pumped and nothing happens. So we sit wait and hope. Don't get your panties bunched up yet folks. :rolleyes:

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I'm not sure, but I believe this is an old article. When you actually go to the link, there is no date. I doubt Mohammed Saleh is allowed to speak for the CBI since his incarceration.

Economists: the decision to delete zeros from the currency. Need

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Iraqi currency in need of political decision to save it

The name Rashad Other articles written by

Before the decision was announced near delete three zeros of the Iraqi currency, and that the project will be launched early next year and will last for two to three years. Then came other statements Announces Government Act implementation of the present resolution and postponed to a later date.

It will project permission on paper as dub, Deputy Director of the Central Bank of the appearance of Mohammed Saleh? .... The decision was to delete the zeros of the Iraqi currency with a lot of pros and cons, economists believed that the resolution would lead to the collapse of the national currency and see some of the latest that he would return to the country with great interest and unfortunately wait in its implementation of a joint project between the Government and the Central Bank. As long as the Government seeks to postponed due to security concern, it could not be implemented in this year or the following year as Deputy Director of the Central Bank, the timing is very important in this case and that its implementation must coincide with the beginning of the fiscal year, so you will not find space for inevitably implementation this year. Valid regrets on delaying the project for the country's economic performance as long as it will improve the efficiency of cash and reduces the impact of big numbers, monetization needs to cash large and small groups will be dealing with categories such as (50 dinars (f) 100 dinars) and (200 dinars) in addition to less of the dinar (JD half and quarter-dinars) and (50 Fils, 25 Fils).

And is confirmed by the economic and financial expert at the Central Bank who doesn't see Majed mock difficulty in the implementation of the resolution as it will help in the process of reducing the volume of currency trading in large transactions and will lead to more accurate price policy in the future as long as it will be dealing with thousands and millions rather than billions as well as its role in the detection of forgeries before the Central Bank will impose on banks using state-of-the-art techniques for the detection of forgeries. Adds «and the techniques to be used in printing the new currency will be strong only if behind that organized gangs or assisted by the State because the precise specifications and methods established by the Central Bank will be very strict.

In contrast, the Economist warns Tawfik inhibitor from the collapse of the national currency in the case of application of the decision to delete the three zeros, indicating the need to prolong the currency switch and not drag the old currency and the new release directly, but do this together so as not to cause harm to the economy or any direct impact on the living conditions of the citizens.

On the other hand, the mana that the counterfeiting of currency is another reason in its collapse so warns this occurs particularly that there are large gangs and Division of work capable of forging the largest Iraqi currency.

Most citizens regarded the decision to delete the three zeros from the currency look apprehension after they used their pocket to carry paper large groups and stakeholders, including dealing with the hundreds of millions.

Businessman Saleh believes wazani deleting zeros would be detrimental to the stock trading level in Iraq market for securities, because there will be lost if shares delete zeros. And works in the area of stock weighted since 2005 and has increased his fondness when developed using electronic screens, but does not hide his fear of failure to deal, in particular, that the stock will drop foreign stock to block the signing of agreements with foreign investment companies that believe that currency will reduce profits.

Meanwhile, Assistant Professor in the Faculty of administration and economy just Abdul Jalil that Iraq is not ready to delete the zeros of the dinar, because it needs to stabilize the political and economic security, and Iraq the banner does not need replacement currency as much as is needed to control the oscillation in the dinar against the dollar. And Abdul Jalil said the lifting of zeros would cost the State budget amounts and may open the door to corruption and waste of public money as well as not addressing the inflation problem because Iraqi market importers of all goods and services from abroad means a significant drain of foreign exchange.

In response to these concerns, the Deputy Director of the Central Bank to force Iraqi dinar which has become similar to hard currency policy of the Central Bank controlling Monetary liquidity in the local market. There was a large cash reserve of hard currency is kept to face difficult circumstances that may occur in the country that gives power to the dinar currency. The policy of the Central Bank according to the benefit to the stability of the dinar to the US dollar, the Iraqi dinar price weighted equal to the US dollar over the next two years after implementation of the project to delete the three zeros of the Iraqi currency. Saleh believes Iraqi citizen needs to make in the villages and towns and also school students and that the media's role in helping citizens to receive project.

Economic expert confirms this view Majed mock, explaining that the new currency would be gradual so as not to experience ' to any defect or blackmail from stakeholders until the old currency is withdrawn completely, also required a large information campaign run by the Central Bank and its associates to educate the citizen.

http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http://www.annaharkw.com/Annahar/Article.aspx?id=371567&date=29012013

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