Central bank: the project raise zeros from the currency is still deferred

[jomans]

Central bank: the project raise zeros from the currency is still deferred

 

==========================

 

03-07-2013 07:34 PM
 

 

Karbala (news) said the Central Bank of Iraq, that the project raise zeros from the currency is still postponed until further notice, indicating that the Bank's gold reserves has not been affected by changes in the global market.

The central bank governor said Abdul Basit Turki told a news conference Wednesday afternoon on the sidelines of his visit to the city of Karbala for the opening of Dar financial control, which was attended by the Agency (news): The project raise zeros from the currency project is delayed due to the conditions experienced by the country, noting : The bank is still studying with experts and specialists how to change the currency but its implementation depends on the situation experienced by Iraq and this deferred offline.

Turki confirmed: that the bank reserves of gold is not affected by changes in the global market due to the financial plan developed by the bank a few months ago to avoid such a disaster, noting that the gold reserves in the Central Bank would be a big supporter of the Iraqi currency at any time, anywhere.

It is noteworthy that some economists believe that Iraq is not ready at the present time to delete the zeros from the Iraqi dinar, pointing out that the deletion needs to security and political stability as well as economic stability. / End / 11. O. P /

http://translate.google.com/translate?hl=en&sl=auto&tl=en&u=http%3A%2F%2Fwww.i khnews.com%2Findex.php%3Fpage%3Darticle%26id%3D904 36
 

[dinarbeleiver]

BS iraq

[SgtFuryUSCZ]

***///

 

So, to those of you who jumped straight off The Rollercoaster and onto the

 

Out-of-CHVII-here-comes-our-RV party train....... sure hope you're enjoying your

rickety-railed new ride..... 

 

at least up here the air is fresh and the view is great not to mention,

the exquisite company of intellectuals aboard our ride.

[sandstorm]

Very good news. deleting three zeroes is very very bad

Now maybe they can rv

[SgtFuryUSCZ]

Very good news. deleting three zeroes is very very bad

***///

 

Well said, fellow Intellectual...

[John in Kuwait]

Why do they call it "raise the zeros?" Wouldn't raising zeros add more zeros?

Or do they mean "erase the zeros?"

[BJinMontreal]

***///

 

Well said, fellow Intellectual...

 

Wait ... o_O ... You're implying You ladies are intellectually inclined?

[zigmeister]

Why do they call it "raise the zeros?" Wouldn't raising zeros add more zeros?

Or do they mean "erase the zeros?"

It is interesting, often when referring to postponing meetings they will reference it with raising the meeting until such and such time.  So to answer your question they mean erase the zero's.

[Dinar Buddy]

This entire process is still going to take time... 24 moths more to the banking industry is a very short period of time.  We might be on this track till 2015...

[sandstorm]

Why do they call it "raise the zeros?" Wouldn't raising zeros add more zeros?

Or do they mean "erase the zeros?"

check out the question section and even the lop section. thousands of threads that cover this subject from head to toe.

whatever you do.....dont listen to any guru on this issue. they downplay it if not totally ride it off as crazy. go get the definition...the historical precedence.....match it up with the cbis financials along side the cbis own comments, and come to your opinion. soo...many have no idea because they believed what someone told them. problem is...all gurus spendi.g time to talk dinar....also sell dinar...or tell you where to get it....sell you memberships for inside intel....dont take an opinion from someone profiting off what they tell you

[dinarbeleiver]

This entire process is still going to take time... 24 moths more to the banking industry is a very short period of time.  We might be on this track till 2015...

Not with the conversation I had with two banks in the UK -Late July 2013

[sandstorm]

And that topic....is too divisive for the main forum. go to the lop section and give the "fib" call. im sure hes down there somewhere

[SgtFuryUSCZ]

Wait ... o_O ... You're implying You ladies are intellectually inclined?

***///

 

We share a brain, but it's a pretty good one....! 

This entire process is still going to take time... 24 moths more to the banking industry is a very short period of time.  We might be on this track till 2015...

***///

 

What if  24 MOTHS  try n' eat our Dinar...?  

 

 

 

 

     sorry DinarBuddy, we couldn't help ourselves.!

[Maja1962]

Good or bad with reference to the "raising of zeros" would depend on what they mean (not how we interpret what it says).  For instance, if by "raising the zeros" they mean taking the rate .00086 and converting it to .86, we dinarians would see that as a good thing.  If they mean to remove the zeros from the currency with no revaluation, that would be bad.  If they mean the removal of the zeros from the currency in conjunction with a revaluation putting it on par with the USD so Iraqis will actually use it, that too, would be a good thing.

 

Good or bad, without additional information, is therefore difficult to gauge with regards to this article.

 

GO RV!!!!!!!!!!!!!!!!!!

[R Veyron]

Gold took a dive last week and perhaps they may of been ready but are now hesitant to change the value of their currency for it to become more stable once again. Interesting to see them the value of dinar on par with gold and not all their resources as this is what the US currency is based off of and they could as well equal the value of the dinar to the US dollar.. Just a thought and opinion....

[vomer]

Better to measure twice and cut once ...

[imgesing]

Not with the conversation I had with two banks in the UK -Late July 2013

Interesting, what did they say? You do know that outside of Iraq and a few select people this is guarded intel beyond Fort Knox. So, I would tend to not believe (beleive) what most here say is intel. Even I had someone in the know say it would happen and I stand in wait. Hope they are just blowing smoke rather than dancing us all in circles. So many times they said it would be done by a certain time and that time has long past.

Peace.

Gold took a dive last week and perhaps they may of been ready but are now hesitant to change the value of their currency for it to become more stable once again. Interesting to see them the value of dinar on par with gold and not all their resources as this is what the US currency is based off of and they could as well equal the value of the dinar to the US dollar.. Just a thought and opinion....

The USA is no longer tied to a gold standard... Thanks to good ol Pres Regan. We just print what we need and the rest of the world has been tied to us. From what I hear they figured it out and now want to screw us for screwing them... I don't blame them! Yet they do need us regardless. I wish we could go back to the gold standard because our dollar would have more weight internationally and we would all be in a better place. Just for. What I know and IMHO....

Peace

[ddl]

Possibly the translator meant "raze" the zeros rather than "raise" the zeros.  That would mean to remove them.

[caz1104]

check out the question section and even the lop section. thousands of threads that cover this subject from head to toe.

whatever you do.....dont listen to any guru on this issue. they downplay it if not totally ride it off as crazy. go get the definition...the historical precedence.....match it up with the cbis financials along side the cbis own comments, and come to your opinion. soo...many have no idea because they believed what someone told them. problem is...all gurus spendi.g time to talk dinar....also sell dinar...or tell you where to get it....sell you memberships for inside intel....dont take an opinion from someone profiting off what they tell you

"don't take an opinion from someone profiting off what they tell you"..........................well that about eliminates almost anyone in any business, gov entity, or place of worship. 

[hame55]

Why do they call it "raise the zeros?" Wouldn't raising zeros add more zeros?

Or do they mean "erase the zeros?"

Raise as in "lift" or remove the zeros

 

also "raze" means to destroy or remove something

Possibly the translator meant "raze" the zeros rather than "raise" the zeros.  That would mean to remove them.

DDL

 

A fellow thinker in the language...ahhhhh

Most people don't know the meaning of raze.

[vomer]

It means they'll write it like this:        00      

                                                 1166:   0                                         

[unirod]

Old B/S different date = Reprint

[heywtfo]

To imegesing. Just an FYI Nixon took us off the gold standard not Reagan.

[dontlop]

A member of the Committee on the economy: the central bank attempts to replace the currency is unconstitutional

Friday, 06 June / July 2012 12:16 |  |  |

 

{Baghdad: Euphrates News} A member of the Committee on Economy and Investment parliamentary Salman al-Moussawi said the central bank attempts to replace the currency is unconstitutional and will lead the country into the unknown, which may not be dire consequences.

Al-Moussawi said in a press statement received by the agency {Euphrates News} copy of it today "has no right to the central bank's currency exchange because Article {110} of الدستورالعراقيstates that the right of federal authorities, policy-making and financial issuing currency in the country means the executive and legislative branches."

He continued that "the presidency of the Central Bank and more than a year raises Multi deletion of zeros from the Iraqi currency and attributes the reasons to strengthen the Iraqi currency and give them a universal value, but after that audited the subject and we found not a process of deleting the zeros, but replace the coin full merits."

And the MP for the coalition of state law that "the evidence of this is the change currency symbols current and the introduction of the Kurdish language confirms as the process of replacing not delete the zeros," expected to "result in the replacement process to the many problems which may enter the country's currency forged while we work on stabilize the market leads to the collapse of the Iraqi currency completely. "

He described the "central bank attempts to implement this project early next year, as a unilateral act is incorrect and unacceptable, because it is the process of replacing the unknown results."

He went on, "We replaced with the currency if there was economic benefit to the country, but after the study found the likelihood that are fighting Paschklat the many against the deletion of zeros and we do not know what Seoul future of the Iraqi economy."

He explained that "the stability of the economy and the Iraqi market is through the activation of income-generating sectors, and encourage the private sector and make the country an attractive environment for the economy and investment and not through the deletion of zeros."

The central bank announced that he intends to replace the current currency another, since it will remove the zeros from the new currency in a move that it says will help raise the value of the Iraqi dinar. Ended

 

[IQD1217]

It's werid that they came out and said they delayed the deletion of the zeros!! Of course they won't tell us when !! I think things will speed up now that they are out of chapter 7!! HCL will be passed soon then the formation of the government , national meeting .. Then RV!!