Politics Won't Stop Deletion of Zeros After Coming Out of Chapter 7

[Rayzur]

ABTAN FOR: AWAN ": THE POLITICAL PROBLEMS WILL NOT AFFECT THE PROJECT TO DELETE THE ZEROS AFTER COMING OUT OF CHAPTER VII

 

 

BAGHDAD - Awan

Predicted the parliamentary economic committee member Abdul Hussein Abtan, Sunday, that does not affect the political problems on the project to delete the zeros from the Iraqi currency, pointing out that Chapter VII was largest Maroqat the implementation of the project in terms of demand مدخري currency damages.

Abtan said in a statement to "Awan", that "the central bank introduced an integrated project to the government and parliament, and held long discussions about it with experts and specialists, as shares ease the caveats of the deletion process."

He said, "Everyone sees positives raise zeros from the currency more than disadvantages, as well as being an economic process strategy while the negatives can be avoided within a record period, according to the central bank."

The Alabtan noted that "this does not mean the absence of negatives in the project, there are administrative and financial effort will be made ​​for the success of the operation, in addition to the possible existence of obstacles and other financial arrangements may get during the deletion because it requires a new edition of the coin."

He pointed out that "the seventh item that came out of him Iraq was a bigger obstacles implementation of the project, to the possibility of a claim مدخري currency abroad damages, but after the end of this obstacle has become necessary to start deleting the zeros", indicating that the monetary reserves of the Central Bank of $ 76 billion, and that Iraq has turned from a debtor country to a donor country, and has a clearly defined economy. "

He cautioned that "experience has proved successful in neighboring and regional countries such as Turkey, Lebanon and others, there is no need to worry about a relapse currency and the economy."

The deputy governor of the Central Bank of the previous appearance of Mohammed Saleh warned of starting a lifting of the zeroes at the moment, due to Iraq on the blockbuster 2014 parliamentary elections could create a a transitional confused situation affects negatively on the price of the currency.

 

 

http://awaniq.com/index.php/en/2013-06-20-22-37-32/405-2013-07-07-07-40-42        

Edited July 8, 2013 by Rayzur

[sandfly]

THANKS

[Rayzur]

My pleasure.... how's the weather over there.... besides really annoying.... I guess going into winter will keep things a tad cooler... 

[Sweet baby dinar]

Sounds goods , thanks for the post

[RodandStaff]

Thanks Rayzur... and it's a good thing... I don't know if they will ever get their act together enough to not have some major differences... but they can at least agree to "Git-r-dun" and RV their currency!!!    

[docneedles]

So much good news in this article.

Everyone sees the positive to raise the zeros from their currency.

It requires a new edition of coins. 

Iraq has turned from a debtor country to a donor country.

Iraq has a clearly defined economy.

 

I just don't know how the 2014 elections can create a transitional confused situation. Thats Seleh for you. I am hoping IMF has more control that Seleh right now and gets this done.

[bigwave]

"Everyone sees positives raise zeros from the currency more than disadvantages, as well as being an economic process strategy while the negatives can be avoided within a record period, according to the central bank."

 

Sounds good to me too.

 

Come on RV
 

[lone star]

Encouraging article. I wonder when they will realize there will always be risks and simply get on with it?

[docneedles]

"Everyone sees positives raise zeros from the currency more than disadvantages, as well as being an economic process strategy while the negatives can be avoided within a record period, according to the central bank."

 

Sounds good to me too.

 

Come on RV

 

 

They can do it. +1 for you

 

 

 

Encouraging article. I wonder when they will realize there will always be risks and simply get on with it?

exactly, there are always risks, so what. +1 for you

[sandstorm]

Please dont delete three zeroes. i planned on making some money

[JWJW11]

Please dont delete three zeroes. i planned on making some money

No worries...they gotta delet the zeros if they raise the value.....you cant walk around with $100k in your pocket

[FlintNPebbles]

No worries...they gotta delet the zeros if they raise the value.....you cant walk around with $100k in your pocket

But I would like to try....at least once

[dontlop]

I WILL NEED A HUGE DUMP  TRUCK TO CARRY AROUND ALL MY DINARS IF THEY DONT DELETE THE ZEROS  AND JUST CONVERT THEM INTO SINGLE DINAR COINS .. SO I WILL HAVE TO PUT THEM INTO A BANK IN DIGITAL FORM AND USE MY DEBIT CARD

[JWJW11]

But I would like to try....at least once

me too!

[ReVbo]

I WILL NEED A HUGE DUMP  TRUCK TO CARRY AROUND ALL MY DINARS IF THEY DONT DELETE THE ZEROS  AND JUST CONVERT THEM INTO SINGLE DINAR COINS .. SO I WILL HAVE TO PUT THEM INTO A BANK IN DIGITAL FORM AND USE MY DEBIT CARD

 

I dunno, DL. I'm thinking about getting me a silo full of one dinar coins and swimming around in them like Scrooge McDuck. 

 

[zigmeister]

What I know about RD's is usually they do not initiate them before an election.  Obviously for many reasons, politically is really the main factor.

[saradise]

Great article! Thanks Rayzur!

[sandstorm]

No worries...they gotta delet the zeros if they raise the value.....you cant walk around with $100k in your pocket

i know what your saying. im just not sure they mean what you do. we wait

[dog53]

 

ABTAN FOR: AWAN ": THE POLITICAL PROBLEMS WILL NOT AFFECT THE PROJECT TO DELETE THE ZEROS AFTER COMING OUT OF CHAPTER VII

 

 

BAGHDAD - Awan

Predicted the parliamentary economic committee member Abdul Hussein Abtan, Sunday, that does not affect the political problems on the project to delete the zeros from the Iraqi currency, pointing out that Chapter VII was largest Maroqat the implementation of the project in terms of demand مدخري currency damages.

Abtan said in a statement to "Awan", that "the central bank introduced an integrated project to the government and parliament, and held long discussions about it with experts and specialists, as shares ease the caveats of the deletion process."

He said, "Everyone sees positives raise zeros from the currency more than disadvantages, as well as being an economic process strategy while the negatives can be avoided within a record period, according to the central bank."

The Alabtan noted that "this does not mean the absence of negatives in the project, there are administrative and financial effort will be made ​​for the success of the operation, in addition to the possible existence of obstacles and other financial arrangements may get during the deletion because it requires a new edition of the coin."

He pointed out that "the seventh item that came out of him Iraq was a bigger obstacles implementation of the project, to the possibility of a claim مدخري currency abroad damages, but after the end of this obstacle has become necessary to start deleting the zeros", indicating that the monetary reserves of the Central Bank of $ 76 billion, and that Iraq has turned from a debtor country to a donor country, and has a clearly defined economy. "

He cautioned that "experience has proved successful in neighboring and regional countries such as Turkey, Lebanon and others, there is no need to worry about a relapse currency and the economy."

The deputy governor of the Central Bank of the previous appearance of Mohammed Saleh warned of starting a lifting of the zeroes at the moment, due to Iraq on the blockbuster 2014 parliamentary elections could create a a transitional confused situation affects negatively on the price of the currency.

 

 

http://awaniq.com/index.php/en/2013-06-20-22-37-32/405-2013-07-07-07-40-42        

 

 

Wow talk about blind faith.

There`s nothing good in this article at all

Turkey and lebanon

LOP`ed !!!!

This aint good  

 

[Laid Back]

Raise: lift or move to a higher position or level

0.00086 after raising the zero's = $0.86

Just my humble opinion .!!

Go RV

[sandstorm]

I dont see this as good. i mean...just rv...if we are so close. there is no reason whatsoever to bring up deleting three zeroes. It cant be to detour speculators, cause 3/4 of speculators think deleting zeroes is a rv

Edited July 8, 2013 by sandstorm

[Catluver67]

Raise: lift or move to a higher position or level

0.00086 after raising the zero's = $0.86

Just my humble opinion .!!

Go RV

That's exactly my opinion as well!! : ) Go RV!!

[dog53]

That's exactly my opinion as well!! : ) Go RV!!

 

 

Doesnt say raise

It says delete 

[Rayzur]

I understand what you last 3 guys are saying.... you'll note I didn't put a big ole yipppeeeeeee next to it.... 

I've personally never been all that keen on the delete a zero before valuing it at 10 cents kind of  program... (and yeah I would take a penny at this point)...  

What I found interesting about this article is it is the first quoted person I've noted talking about the zero program since Chapt 7... therein giving us some idea of what the thinking is for those who may have wanted to or thought they could be connected.... 

 

I also find this sentence interesting:

 

He pointed out that "the seventh item that came out of him Iraq was a bigger obstacles implementation of the project, to the possibility of a claim مدخري currency abroad damages, but after the end of this obstacle has become necessary to start deleting the zeros", 
Leaving me with questions and like the chat with RoadRunner.... that tiny little ole Arabic word gives total context to this sentence and could change dramatically the meaning of the sentence.... Ohhhhhh Road Runner..... where is your interpreter buddy please

I'm also wondering if whatever this obstacle and damage potential is... has it been mitigated, or are we in for a whole other set of factors and variables discussed in numerous articles about currency abroad. I've noticed its become topic... interested to see if we will begin to hear more... 

 

And agree with you Zigmeister..... the timing is is clearly impacted by several factors, the two strongest being economic need and politics... (political climate, perception of the people etc).... Read an interesting research paper suggesting that the second variable is indeed almost as strong as the first... if not stronger in some cultures/countries.... 

 

[Catluver67]

Doesnt say raise

It says delete

It's all the same...raise, delete, lift etc...means to remove it from the nominal rate not the notes.

.00086 = .86 after removing deleting lifting the zeros