Economic parliamentary calls for the central bank need to delete the zeros

[yota691]

 Economic parliamentary calls for the central bank need to delete the zeros

06-07-2013 01:14 PM

 

Baghdad (news) .. Demanded economic and investment commission parliamentary Central Bank of Iraq, the need to delete the zeros from the currency, after the available floor exit of Iraq from Chapter VII. said Rep. Mahma Khalil in a joint conference with the members of the Committee on the economy and investment MPs Abdul Hussein Abtan and Abdul Salam al-Maliki: the central bank to start project structuring currency being an issue purely economic, noting that the Iraqi economy is expected Mzaah we are out of Chapter VII on the level of the economy.said: that Iraq is not the only country that deletion of zeros from its currency Previously Turkey and Lebanon have succeeded the stability of the economic situation altogether deleted zeros from their currency. ' He pointed out: that the project to delete the zeros Old and the objections of the Central Bank and the Iraqi government demanded to wait until the provision of appropriate time and after coming out of Chapter VII Sagttaat every reason to implement this project. ' and between: that the Iraqi constitution between the need to change and delete currency are required by the economic situation of the country, and for the benefit the Iraqi people, calling on the parliament and the government to support the country's economic identity, expected to be the next witness budgets increase and prosperity after the entry of investment companies to Iraq. / End / b. PVC /

Edited July 6, 2013 by yota691

[sandfly]

COME ON SO I CAN GO HOME

[puckster_guy]

I hear you bro. Lets go RV!!

[yota691]

 

Economic demands parliamentary Central Bank "speed up" the process of deletion of zeros from the currency to keep it 

 

Author: MK 

Editor: AJ, HH 

06/07/2013 13:24 

 

  

Range Press / Baghdad 

Asked the Economic Committee in the House of Representatives, on Saturday, the central bank to "speed up" the process of deletion of zeros from the Iraqi currency in order to maintain them, and confirmed that it is not in the interest of Iraq, the survival of its currency with so much and irregularly, as pointed out that the deletion process will increase the value of the Iraqi dinar and reduce unemployment and poverty. 

The decision of the Economic Commission Mahma Khalil during a press conference held by the Committee parliament building, and attended (Long Press), said that the Committee "demanded the CBI to speed up the process of deletion of zeros from the Iraqi currency, especially after the withdrawal of Iraq from Chapter VII and to preserve the Iraqi currency," noting that "the Iraqi government demanded earlier to slow down the process of deletion of zeros did not reject the project." 

  

Khalil added that it "is not in the interest of Iraq to be its currency are so irregular." 

  

For his part, member of the Committee MP Abdul Salam al-Maliki, said that "after the withdrawal of Iraq from Chapter VII expect soon to head the government for approval on the process of deletion of zeros from the currency," he said, calling on the government to "take urgent steps in this direction." 

  

Maliki said that "the Commission will conduct economic correspondences with the competent authorities on this matter," noting that "the process of deleting the zeros increase the value of the Iraqi dinar and will be reflected positively on the issue of reducing the rate of unemployment and poverty." 

  

The CBI said, in (25 April 2013), that there is no intention at this time to restructure the currency and deleting three zeros of them, denying reports that in this regard. 

  

It is noteworthy that the General Secretariat of the Council of Ministers announced in (12 April 2012), the patient in the application process to delete the zeros from the national currency, which had to stop all actions related to the mentioned process until further notice. 

  

It is noteworthy that some economists believe that Iraq is not ready at the present time to delete the zeros from the dinar, pointing out that the deletion needs to stabilize the security and political as well as economic stability. Was the Iraqi Central Bank confirmed, (on July 3, 2013) that Iraq is "in control of the funds and treasury of gold "in international banks, one of the acting out, denying" the existence of frozen funds outside the control of the Iraqi administration, "While revealed that the reserve bank amounted to 76 billion dollars in the month of May last year, counting out of Chapter VII that" will allow Iraq more freedom to act to attract foreign investment. " 

  

The International Monetary Fund, announced in the (March 23, 2013), that the funds preventive in the Development Fund for Iraq rose in 2012 to $ 18 billion, and cash reserves of the Central Bank of hard currency to $ 70 billion, and pointed out that this increase came from "revenue unexpected oil ", called on the Iraqi government to end the control of the state-owned banks on the banking sector, he stressed the need for Iraq to strengthen public financial institutions to ensure efficiency and transparency in the use of oil revenues. 

  

They expected USAID, in (December 3, 2012) that leads the Iraqi economy, Arab countries within five years, stressing that Iraq possessed all the qualifications to be a powerful country economically. Iraq is trying for years to attract foreign capital to develop its economy in the fields of industry especially oil, including housing and oil and gas extraction, for need of funds for infrastructure development and reconstruction, but Mariqben contend that the lack of interest of the state to the private sector and the absence of investment laws which guarantees for investors and the absence of other laws that are still obstacles to the development of the economy in the form required. 

  

Iraq relies which has the fourth largest oil reserves in the world at 95 percent of its annual budget on its oil exports and currently produces about two million and 900 thousand barrels per day, while the issue up to two million and 200 thousand barrels per day. 

  

The UN Security Council voted on Thursday (27 June 2013), unanimously approved the decision to remove Iraq from Chapter VII, after more than two decades of sanctions imposed whereby in the wake of the former regime's invasion of Kuwait on the second of August 1990. 

  

 

 

[yusofsabri]

When?

[vomer]

Makes me feel all goodie

[IQD1217]

Delete the zero's , don't delete the zero's!! It's on it's off !! Gota love these guys ..

[jeepguy]

 me--- I do not like them talking , how turkey deleted zero`s ,  these means the bad deal for us,,, unless they have been reading  the l,o,p,  stories from all the dinar speculators post , and are now trying to scare off the speculator,  looks like a flop       mmmmm  lets see ,, if they l,o,p,   25,ooo =`s 25.oo ----> yep  done for ------> let us hope they again change their out look on our larger notes

[gregp]

There went them diapers again.

[IQD1217]

I think it's good brings down the money supply , they have tons of reserve 's oil, gold hard currency to back it up .. Don't forget they are purposely keeping the rate down !! The 1166 isn't the true rate .. It's all a well originzied plan

[Psych]

For anyone who has been involved in this speculation for awhile, you know to simply avoid the zillion and one three zeroes articles.  There is simply no substance to them.  The pendulum swings back and forth fairly quickly...one moment the lifting of the zeroes is imminent, then it needs further study....then it's totally off until there is "stability" in Iraq, which essentially means NEVER.  

[IQD1217]

Question is didn't the US get ride of the larger bills ? Of course they did the world end no!! If you get rid of the larger bills the money supply goes down adding value correct? So that means the value has to go up it can't stay the same .

If they put out the small bills it can't have the same value as the larger bills makes no sense!! They would have to raise the value of the Dinar!!

[Cynthia AH]

Me to Sandfly, Me to, going home!!!!!   

[abby01]

"the survival of its currency with so much and irregularly, as pointed out that the deletion process will increase the value of the Iraqi dinar and reduce unemployment and poverty."

Taking the zeros off their currency and leaving the value of the dinar as low as it is will not accomplish the above objective! BUT an RV would. Any thoughts?

[lone star]

We hope they delete the zeros ... from the exchange rate.

lone star

[yota691]

one more...Economic parliamentary demanding the implementation of the project to delete the zeros from the currency to raise the economic level 

06/07/2013 - 13:53 

| Source: 

Economy and Business 

 

Editor: pro-Tayeb 

 

  

 

Alsumaria News / Baghdad 

Demanded economic and investment commission parliamentary CBI, Saturday, need to begin the process of deletion of zeros from the currency to raise the economic level, arguing that Iraq is ready for this command after his release from Chapter VII. 

 

A member of the Committee Deputy Mahma Khalil during a joint press conference with members of the Committee of Economy and Investment, in the parliament building attended by "Alsumaria News", "on the central bank to start a project structuring currency and the implementation process of deleting the zeros of them being an issue purely economic," noting that "the Iraqi economy expected advantages we are out of Chapter VII on the economic level. " 

 

Khalil added that "the project to delete the zeros Old and the objections of the central bank and the government has demanded بالتريث for while providing an appropriate time and after coming out of Chapter VII fell every reason not to implement this project," adding that "Iraq is not the only country that deletion of zeros from عملته فسابقا Turkey Lebanon has succeeded to the stability of the economic situation while deleted zeroes from their currency. " 

 

The Khalil that "the Iraqi constitution shows the need to change and delete currency are required by the economic situation of the country and for the benefit of the Iraqi people," and urged parliament and the government to "Identity support the country's economic and witness budgets next increase and prosperity after the entry of investment companies to Iraq." 

 

Moreover, he criticized the MP Abdul Hussein Abtan "survival of the zeros of the Iraqi currency," stressing, saying "it is not reasonable to be Iraq's central bank reserves of $ 76 billion and even now dealing thousands." 

 

For his part, member of the Committee MP Abdul Salam al-Maliki, during the conference, that "the Commission will take steps in this direction, make correspondences and appeals to those responsible for the deletion of zeros." 

 

The CBI, had confirmed Thursday (25 April 2013), that there is no intention at this time to restructure the currency and deleting three zeros of them, denying reports that in this regard. 

 

It is noteworthy that the General Secretariat of the Council of Ministers announced in (12 April 2012), the patient in the application process to delete the zeros from the national currency, which had to stop all actions related to the mentioned process until further notice. 

 

The UN Security Council voted, in (June 27, 2013), unanimously approved the decision to remove Iraq from Chapter VII, in the presence of Iraqi Foreign Minister Hoshyar Zebari, except that the State of الكويت confirmed, the day after the decision, that Iraq did not come entirely from the provisions of Chapter VII, pointing out that the file of compensation owed by Iraq is still under Chapter. 

[coolbeans]

BAM!  

 

and with those articles big mouth "know it alls" from all across dinar land are proven to be total idiots once again.

 

Kaperoni and Ennorsite are going to curl up into the fetal position today and suck their thumbs as they cry like babies.

 

[yota691]

and another...House of Representatives calls for the central bank officially delete the zeros from the Iraqi currency 

Saturday, July 6, 2013 14:03 

User Rating: / 1 

Twilight News / Committee demanded parliamentary economy and investment, on Saturday, the CBI need to delete the zeros from the currency, indicating that this ground for this action are available exit of Iraq from Chapter VII. 

 

 

 

A member of the Committee on the economy and investment Mahma Khalil told a news conference attended by the Committee "Twilight News", "on the central bank to start a restructuring of the currency being a purely economic issue, and that the Iraqi economy is expected to benefit from the advantages we are out of Chapter VII." 

 

He added that "Iraq is not the only country that deletion of zeros from its currency, Previously Turkey and Lebanon have succeeded to the stability of the economic situation when he slashed zeros from their currencies." 

 

Khalil pointed out that "the draft delete the zeros Old, and demanded by the central bank, but the Iraqi government demanded to wait until the time-saving manner, and after coming out of Chapter VII fell all the justifications for the implementation of this project." 

 

He said the "Iraqi constitution between the need to change and delete the zeros from the currency as required by the economic situation of the country, and for the benefit of the Iraqi people." 

 

For his part, criticized the committee member MP Abdul Hussein Abtan "survival of the zeros of the Iraqi currency." 

 

He explained, "is not reasonable to have the Iraqi Central Bank reserves and $ 76 billion so far to deal thousands." 

 

The CBI said, earlier, that the year 2013 will see the deletion of zeros and the currency exchange, and pointed out that the current currency formed a cluster of large cash estimated at 30 trillion dinars. 

 

He pointed out that the central bank strategy of deleting three zeros and the currency exchange will be at the beginning of a new year and a new budget of the Iraqi state, and predicted that the currency is altered in the new fiscal year for 2013. 

 

Economists see specialists that changing the Central Bank Governor Sinan Shabibi and his deputy, the appearance of Mohammed Saleh and a number of bank officials and bring them to justice on charges of mismanagement and corruption impact negatively on the project to change the currency and raise zeros. 

[dontlop]

it looks like they have been keeping the rv secret ,, not even the committee economic  members know  they have another plan to rv ..

geez they are going to be suprised when  they rv and those large notes just disapear because they dont have any use any more  in the private sector

Edited July 6, 2013 by dontlop

[yota691]

BAM!  

 

and with those articles big mouth "know it alls" from all across dinar land are proven to be total idiots once again.

 

Kaperoni and Ennorsite are going to curl up into the fetal position today and suck their thumbs as they cry like babies.

 

CoolBeans it not just their Thumbs that suck...+100

[EagleEye]

make it happen already !!

[dontlop]

do ya think the cbi should tell the committes what its doing ? so they can tell the press .. or would the cbi keep it quiet ..

 

even the lopsters tell you they would never pre announce a rv ..you cant tell anyone ..

 

so next will be the cbi response to their requests .. its another cycle  of this call to follow turkey when the cbi may have other thoughts they cant talk about

[dweave69]

Just do something.

[dontlop]

yep .. anyone can call for anything .. the question is ,, whats the cbi doing

[cheevo]

No kidding dweave........add value, lop it just get it over with already!! Years and years of all talk, and no action!!! All blow and no go!!!