Economic center: the success of the project to delete the three zeroes depends on the stability of the exchange rate of the dinar against the dollar

[yota691]

 

 

Baghdad (news) .. Said Prime Media Center Economic Dergham Mohammed Ali, that the success of the implementation of the project to delete the three zeroes from the national currency depends on the stability of the exchange rate of the dinar against the dollar and educate citizens and give them enough time to replace the currency.said Mohammed Ali (of the Agency news): The economic reality of the past year and the previous was fit better to receive the decision to delete the zeros of the capacity market to absorb its effects because of the high stability, which was dominated by the exchange rate of the dinar against the dollar at the time. continued: While the market has become more sensitive and broader change than it was a Mitrah question the reasons for the postponement of this decision, but The implementation is still possible in the event of education in a positive way and give long enough to bring a replacement span for two years as planned during which the currency traded zero and currency deleted zeros. said: that the central bank demands to confirm the unit value between the two currencies and start substitution out for the new currency and ادارجها within the trade and the rule of replacement controls strict and controlled high in order to prevent money laundering, and control strictly operations splurge of the coin ancient This allows the switch smoothly and safe. stressed: the need to focus the central bank on his tools to re-exchange rate of the dinar to the target levels, the successful implementation of the project. / End / 8 .. /

 

[Biker]

Good read Yota, BUT wish they would quiet talking turkey and do it, Same talk from 1-2 yrs ago and havent made a move yet. Lets hope there realy going to move on it this time.

[jeepguy]

Economic center: the success of the project to delete the three zeroes depends on the stability of the exchange rate of the dinar against the dollar

21-04-2013 11:36 AM said: that the central bank demands to confirm the unit value between the two currencies and start substitution out for the new currency and ادارجها within the trade and the rule of replacement controls strict and controlled high in order to prevent money laundering, and control strictly operations splurge of the coin ancient This allows the switch smoothly and safe. stressed: the need to focus the central bank on his tools to re-exchange rate of the dinar to the target levels, the successful implementation of the project. 

 let the target levels of re-exchange begin tomorrow      gives  2 years to have both currencies live on the markets also a good deal ,,,, thanks yota Edited April 21, 2013 by Markinsa
Fixed Quote Box

[hammer911]

Good morning Yota and DV!!!, Thanks for the post I think this article is more in depth than the normal one's expressing this.... This one has some added details... It's all good... GO RV!!!~~~

[dinarbeleiver]

thanks Yota good article

[sandfly]

LETS DOOO ITTTT RVVV

[SocalDinar]

Thanks for the article Yota.

Sounds like  Gov.Shabibi's 3 part plan.

[Tubbs]

For the third act give it up for Gov. Shabibi returning for an encore       

 

Go RV   

[10 YEARS LATER]

Good read Yota, BUT wish they would quiet talking turkey and do it, Same talk from 1-2 yrs ago and havent made a move yet. Lets hope there realy going to move on it this time.

 

[JMULS31]

Iraq keeps putting these articles out about the dinar.  Every week nothing happens.  Not even a little increase. Show something this week

[unirod]

One "UNIT VALUE" between the 2 currencies. So this confirms that the old and new will receive the same value at exchange just as it should be. Won't this  require an R/V to give the smaller denoms a chance to survive ?

[TQueezy]

Grumpy cat says "NO!"

[SWFloridaGuy]

Thanks Yota

[keepmwlknfny]

WOOOOHOOOOO!!  RV here we come!!!

[yota691]

WOOOOHOOOOO!!  RV here we come!!!

Don't know how to respond...can you break it down...

[keepmwlknfny]

Don't know how to respond...can you break it down...

I didnt know how to respond lol....apparently I have it all wrong and we are not supposed to make any money, and breaking even is what everyone is so excited about!!!

[Nelg]

Iraq keeps putting these articles out about the dinar.  Every week nothing happens.  Not even a little increase. Show something this week

Isn't it the same as "Wolf! Wolf!" or "The sky is FALLING! The sky is FALLING!"?  Same ol' story. 

[OfCamelot]

I didnt know how to respond lol....apparently I have it all wrong and we are not supposed to make any money, and breaking even is what everyone is so excited about!!!

I was thinking the same thing.  So we hang on to it after the zero's are eliminated.  And wait.

[keepmwlknfny]

I was thinking the same thing.  So we hang on to it after the zero's are eliminated.  And wait.

How long is the question lol.......

[ALBUNDY]

 

 

Economic center: deletion of zeros from the currency depends on the stability of the dinar exchange rate
 

 
04/21/2013 17:25:40

Baghdad / Iraq's future The head of the Economic Media Center Dergham Mohammed Ali, that the success of the implementation of the project to delete three zeros from the national currency depends on the stability of the exchange rate of the dinar against the dollar and educate citizens and give them enough time to replace the currency. He was a member of the Economic Council of Representatives has been ruled to be the deletion of zeros from the currency after the changes, which affected the CBI, while considered a specialist in economic affairs that the current period is not appropriate to start procedures to delete the three zeroes, expected to lead the move to the spread of counterfeiting and forgery currency as a result of the instability of the security situation and the political and economic development.

 

 

 

The head of the Media Center Economic Dergham Mohammed Ali in a press statement yesterday that the economic reality of the past year and the previous one was fit better to receive the decision to delete the zeros of the capacity market to absorb the effects due to high stability, which was dominated by the exchange rate of the dinar against the dollar at the time, adding, "while The market has become more sensitive and broader change than it was, which raises the question about the reasons for postponement of this decision, but the implementation is still possible in the case of education in a positive way and give a sufficient period of substitution and replacement extends for two years as planned during which the currency traded zero and currency deleted zeros.

 

 

 

He said Muhammad Ali that the central bank demands to confirm the unit value between the two currencies and start substitution out for the new currency and ادارجها within the trade and the rule of replacement controls strict and controlled high in order to prevent money laundering, and control strictly operations splurge currency old, which allows the switch smoothly and safe. stressed the need to focus the central bank on his tools to re-exchange rate of the dinar to the target levels, the successful implementation of the project.

 

 

 

ruled out the decision of the Economic Committee in the House of Representatives Mahma Khalil be deleted three zeros from the Iraqi currency during the next year, returned to the changes, which affected the CBI may prevent the process of restructuring the national currency, as well as the existence of a previous request to the government to wait to start procedures currency exchange., and was a member of the Finance Committee parliamentary Abdul Hussein al-Yassiri had announced, earlier, that the central bank According to the communications of the official start of this year procedures for deleting three zeros from currency local, stressing that it would lead to the development of cash transactions and international economic.

 

 

Khalil said in a press statement earlier that "the project to delete three zeros from the Iraqi currency had arrived from the Central Bank of the Economic Commission representative in earlier." However, Khalil saying that "the Iraqi government has asked wait to begin the project under false pretenses, although the application and restructuring currency is economic projects purely as well as contribute to the safety of the national currency. "He believed that" the policy of the central bank today is the policy is successful, did not succeed in lifting the siege of the Iraqi dinar, nor in the issue of the currency exchange, and she could not keep the hard currency within the environment of Iraq.

 

 

 

"He described the decision of the Economic Committee that" in the interest of Iraq, a restructuring of the Iraqi currency and delete the three zeroes, which is an economic project and is vital 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 the devices especially 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 currency National.

 

 

 

"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 Almost. "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 changes and the appointment of new governor proxy means that this project will not see the light until next year as well.

 

 

 

"He consultant North Bank for Investment and Finance wholesome Elias Abbou, that the current period is not appropriate to start procedures to delete the three zeroes from the Iraqi currency. said Abbou in a press statement earlier The process of deletion of zeros from the perspective of economic management process relies on how to control the deletion of zeros without imbalance between the monetary value of the previous and the new value, warning of the disruption of purchasing power after the deletion of zeros and damage to the consumer first., adding that the replacement restructuring of the Iraqi currency in the current circumstances action is right and will lead to the proliferation of counterfeiting and forgery operation as a result of the instability of the security situation, political and economic. " Abbo continued that the interest of the process of deletion of zeros is to reduce the money supply only need long time to define them as citizens and that the current circumstances is appropriate to start the process.

 

 

 

THE LINK : http://www.almustakbalpaper.net/news.php?id=17108