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DELETE the THREE ZEROES from the CURRENCY will not see the light after dismissal AL-SHABIBI! (17 April 2013 16:50)

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Delete the three zeroes from the currency will not see the light after dismissal Alshabibi.

 

 

 

 

Wednesday, 17 April / May 2013 16:50
 
 

 

 

ruled out the decision of the Economic Committee in the House of Representatives Mahma Khalil, Wednesday, that is to delete the three zeroes from the currency of Iraq over the next year, returned to the changes, which affected the CBI may prevent the process of restructuring the national currency, as well as having a previous request to the government to wait In the beginning the currency exchange procedures.

He was a member of the Finance Committee parliamentary Abdul Hussein al-Yassiri had announced, earlier, that the central bank and according to official communications of the current year starts procedures for deleting three zeros from the local currency, stressing that it would lead to the development of cash transactions and international economic.

Khalil said in an interview with "Twilight News", that "the project to delete three zeros from the Iraqi currency had arrived from the Central Bank of the parliamentary economic committee earlier."

However, Khalil said that "the Iraqi government has asked to wait to begin the project under false pretenses, although the application and currency restructuring is purely economic projects as well as it contributes to the safety of the national currency."

He believes that "the policy of the central bank policy today is unsuccessful, did not succeed in lifting the siege of the Iraqi dinar, and the issue of the currency exchange as she could not keep the hard currency within the environment of Iraq."

He described the decision of the Economic Committee that "the interest of Iraq to conduct restructuring of the Iraqi currency and delete the three zeroes, which is a vital economic project and to keep the currency from counterfeiting and damage."

According to Khalil, the "There are international companies giant has a desire to implement this project, and sent appliances for this purpose for Iraq," noting that "Iraq is not the only country that is restructuring its currency national, has preceded us Turkey so, as there are many countries that its economy Exhausted the structuring of its national currency. "

He pointed out that "the printed forms of the new currency (after deleting three zeros) include half a dinar and five dinars and ten dinars, 25 and 50 dinars, and the parameters of the country and its culture," noting that "if the deletion of zeros, the value of the dinar per be equal one dollar or so."

And on the possibility to witness the next year, the birth of the new Iraqi currency, Khalil said, "We serve as the economic and the central bank is linked with us, we demanded from the bank to keep this project exists," but he also said, "The government asked to wait, and I think that what happened on the Central Bank of the changes and the appointment of New Acting Governor means that this project will not even see the light in the coming year as well. "

The Iraqi government has decided to end of October last year, set the head of the Office of Financial Supervision Abdul Basit Turki, rather than Shabibi article the former government's decision, after criticism by the parliamentary Finance Committee relating to the mismanagement of funds and addressed to Alshabibi and other bankers officials.

The CBI had said in August that it plans to delete the zeros from the Iraqi dinar to facilitate financial transactions carried out through cash in most cases.

Among the difficulties faced by Iraq if they are to foot on the deletion of zeros from the dinar is pulling about 30 trillion dinars in circulation in the Iraqi market now, then get rid of them and replace them with a new currency.

The Finance Ministry has ruled out earlier in the deletion of zeros from the local currency in 2013 because the budget is calculated in current currency.
 

 

 

 

THE LINK : http://www.shafaaq.com/sh2/index.php/news/economy-news/56188-2013-04-17-13-55-00.html

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Ya right, tomorrow another story, well maybe Monday after the Holiday. Wish we had half the Holidays Iraq has.

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Interesting - it seems they are basically saying a couple things:

One - if they were to LOP, they likely are not doing it this year or the coming year as well

Two - the budget would relate to whether they could or wouldn't LOP, and what I mean by that is the budget would represent the new lopped rate or the old rate, if old rate is still there they can't LOP

 

And oddly enough any guru who believed the rate was tied in with the budget would actually be somewhat correct

Just that they forgot to add the detail the new rate would be the lopped rate.

 

Weird when you think about it?

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Holy To Moly !!! Make up your minds. There is definitely a woman behind this mess. Why, you ask? This woman will not makeup her mind. Delete the Zero's, no don't delete the Zero's. Oh, go ahead delete the Zero's the new currency will look better without them. Oh no, I changed my mind keep the Zero's. Now I'm getting a headache. Let me think on this some more.

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Why is this always being brought up when some of us know that they are not going to delete the 000's!! Just tired of seeing the same things being brought up.

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Economic Parliamentary: Delete the three zeroes from the currency will not see the light after the dismissal of Shabibi
 
 
 
 
Wednesday, 17 April / May 2013 15:20

 

Ruled out the decision of the Economic Committee in the House of Representatives Mahma Khalil, Wednesday, that is to delete the three zeroes from the currency of Iraq over the next year, returned to the changes, which affected the CBI may prevent the process of restructuring the national currency, as well as having a previous request to the government to wait to start proceedings currency exchange.


He was a member of the Finance Committee parliamentary Abdul Hussein al-Yassiri had announced, earlier, that the central bank and according to official communications of the current year starts procedures for deleting three zeros from the local currency, stressing that it would lead to the development of cash transactions and international economic.

Khalil said in an interview with "Twilight News", that "the project to delete three zeros from the Iraqi currency had arrived from the Central Bank of the parliamentary economic committee earlier."

However, Khalil said that "the Iraqi government has asked to wait to begin the project under false pretenses, although the application and currency restructuring is purely economic projects as well as it contributes to the safety of the national currency."

He believes that "the policy of the central bank policy today is unsuccessful, did not succeed in lifting the siege of the Iraqi dinar, and the issue of the currency exchange as she could not keep the hard currency within the environment of Iraq."

He described the decision of the Economic Committee that "the interest of Iraq to conduct restructuring of the Iraqi currency and delete the three zeroes, which is a vital economic project and to keep the currency from counterfeiting and damage."

According to Khalil, the "There are international companies giant has a desire to implement this project, and sent appliances for this purpose for Iraq," noting that "Iraq is not the only country that is restructuring its currency national, has preceded us Turkey so, as there are many countries that its economy Exhausted the structuring of its national currency. "

He pointed out that "the printed forms of the new currency (after deleting three zeros) include half a dinar and five dinars and ten dinars, 25 and 50 dinars, and the parameters of the country and its culture," noting that " IF THE DELETION OF THREE ZEROES, THE VALUE OF THE DINAR per BE EQUAL TO ONE DOLLAR or so."

And on the possibility to witness the next year, the birth of the new Iraqi currency, Khalil said, "We serve as the economic and the central bank is linked with us, we demanded from the bank to keep this project exists," but he also said, "The government asked to wait, and I think that what happened on the Central Bank of the changes and the appointment of New Acting Governor means that this project will not even see the light in the coming year as well. "

The Iraqi government has decided to end of October last year, set the head of the Office of Financial Supervision Abdul Basit Turki, rather than Shabibi article the former government's decision, after criticism by the parliamentary Finance Committee relating to the mismanagement of funds and addressed to Alshabibi and other bankers officials.

The CBI had said in August that it plans to delete the zeros from the Iraqi dinar to facilitate financial transactions carried out through cash in most cases.

Among the difficulties faced by Iraq if they are to foot on the deletion of zeros from the dinar is pulling about 30 trillion dinars in circulation in the Iraqi market now, then get rid of them and replace them with a new currency.

The Finance Ministry has ruled out earlier in the deletion of zeros from the local currency in 2013 because the budget is calculated in current currency.

 

 

 

THE LINK : http://www.lalishduhok.com/lalish/index.php?option=com_content&view=article&id=23095:2013-04-17-15-23-31&catid=45:2010-10-12-15-08-38&Itemid=116

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And the beat gos on, like it has for years.Maybe one day but not to day LOL.Ill be to old to get to the bank when this thing Pops.

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Economic Parliamentary: Delete the three zeroes from the currency will not see the light after the dismissal of Shabibi

 

 
 
 
Wednesday, 17 April / May 2013 15:20

 

Ruled out the decision of the Economic Committee in the House of Representatives Mahma Khalil, Wednesday, that is to delete the three zeroes from the currency of Iraq over the next year, returned to the changes, which affected the CBI may prevent the process of restructuring the national currency, as well as having a previous request to the government to wait to start proceedings currency exchange.

He was a member of the Finance Committee parliamentary Abdul Hussein al-Yassiri had announced, earlier, that the central bank and according to official communications of the current year starts procedures for deleting three zeros from the local currency, stressing that it would lead to the development of cash transactions and international economic.

Khalil said in an interview with "Twilight News", that "the project to delete three zeros from the Iraqi currency had arrived from the Central Bank of the parliamentary economic committee earlier."

However, Khalil said that "the Iraqi government has asked to wait to begin the project under false pretenses, although the application and currency restructuring is purely economic projects as well as it contributes to the safety of the national currency."

He believes that "the policy of the central bank policy today is unsuccessful, did not succeed in lifting the siege of the Iraqi dinar, and the issue of the currency exchange as she could not keep the hard currency within the environment of Iraq."

He described the decision of the Economic Committee that "the interest of Iraq to conduct restructuring of the Iraqi currency and delete the three zeroes, which is a vital economic project and to keep the currency from counterfeiting and damage."

According to Khalil, the "There are international companies giant has a desire to implement this project, and sent appliances for this purpose for Iraq," noting that "Iraq is not the only country that is restructuring its currency national, has preceded us Turkey so, as there are many countries that its economy Exhausted the structuring of its national currency. "

He pointed out that "the printed forms of the new currency (after deleting three zeros) include half a dinar and five dinars and ten dinars, 25 and 50 dinars, and the parameters of the country and its culture," noting that " IF THE DELETION OF THREE ZEROES, THE VALUE OF THE DINAR per BE EQUAL TO ONE DOLLAR or so."

And on the possibility to witness the next year, the birth of the new Iraqi currency, Khalil said, "We serve as the economic and the central bank is linked with us, we demanded from the bank to keep this project exists," but he also said, "The government asked to wait, and I think that what happened on the Central Bank of the changes and the appointment of New Acting Governor means that this project will not even see the light in the coming year as well. "

The Iraqi government has decided to end of October last year, set the head of the Office of Financial Supervision Abdul Basit Turki, rather than Shabibi article the former government's decision, after criticism by the parliamentary Finance Committee relating to the mismanagement of funds and addressed to Alshabibi and other bankers officials.

The CBI had said in August that it plans to delete the zeros from the Iraqi dinar to facilitate financial transactions carried out through cash in most cases.

Among the difficulties faced by Iraq if they are to foot on the deletion of zeros from the dinar is pulling about 30 trillion dinars in circulation in the Iraqi market now, then get rid of them and replace them with a new currency.

The Finance Ministry has ruled out earlier in the deletion of zeros from the local currency in 2013 because the budget is calculated in current currency.

 

 

 

THE LINK : http://www.lalishduhok.com/lalish/index.php?option=com_content&view=article&id=23095:2013-04-17-15-23-31&catid=45:2010-10-12-15-08-38&Itemid=116

 

or so

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Holy To Moly !!! Make up your minds. There is definitely a woman behind this mess. Why, you ask? This woman will not makeup her mind. Delete the Zero's, no don't delete the Zero's. Oh, go ahead delete the Zero's the new currency will look better without them. Oh no, I changed my mind keep the Zero's. Now I'm getting a headache. Let me think on this some more.

REALLY!!! Of course, even though women don't wield much power in Iraq, it must be a woman screwing it all up...Pleeezzzzeee!

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Here's a poser for you....

 

Bagdad Lighting and Fixtures sells a chandelier worth $3000 USD

Today, Maliki buys one for the office foyer and pays with a 25K IQD note (approx)

Tomorrow, the CBI announces they have removed 3 zeros from the currency and issued new bills

Maliki exchanges his old notes for the new ones

Maliki realizes he needs a second chandelier for the back foyer and goes in to purchase another one

Bagdad Lighting has one more in stock and it's still worth $3000 USD

How many IQD will it now take to make the purchase?

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Holy To Moly !!! Make up your minds. There is definitely a woman behind this mess. Why, you ask? This woman will not makeup her mind. Delete the Zero's, no don't delete the Zero's. Oh, go ahead delete the Zero's the new currency will look better without them. Oh no, I changed my mind keep the Zero's. Now I'm getting a headache. Let me think on this some more.

On the contrary my friend, women are very good at making decisions. That's because they look at all the details and then choose the right one.

 

Now, go take an aspirin and stay out of women's work. :P

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Here's a poser for you....

 

Bagdad Lighting and Fixtures sells a chandelier worth $3000 USD

Today, Maliki buys one for the office foyer and pays with a 25K IQD note (approx)

Tomorrow, the CBI announces they have removed 3 zeros from the currency and issued new bills

Maliki exchanges his old notes for the new ones

Maliki realizes he needs a second chandelier for the back foyer and goes in to purchase another one

Bagdad Lighting has one more in stock and it's still worth $3000 USD

How many IQD will it now take to make the purchase?

Wow, that would be a great deal to find something worth $3000 and only have to pay for it with a 25K IQD note worth about $20. We would have to know the exchange rate to figure the question out. If it was 1:1 then it would be 3000 dollars or 3000 IQD, unless they had another awesome sale.

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Great article. so...shabbibi was the lop master.....but with turki.....it wont see the light of day.

thats encouraging to me. no lop is great. ihope they never agree to do it

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This has always been my belief.  I am sure Shabibi is an upstanding banker and individual.  However he was looking at an RD, plain and simple.

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