yota691 Posted November 24, 2013 Report Share Posted November 24, 2013 (edited) Central Bank: the envelope is not suitable for the deletion of zeros from currency 11/24/2013 - 14:47 | Source: Economy and business 156 views Editor: Nihad Qais Alsumaria News / Baghdad counting the Central Bank of Iraq, Sunday, the current situation is "appropriate" for the deletion of zeros from the Iraqi currency, stressing that he would announce "early" to the public when it decided to delete it. said Bank Governor Abdul-Basit Turki said in an interview for "Alsumaria News", "project to delete the zeros from the Iraqi currency is not on the cards now," adding that "the current situation is not suitable for the deletion of zeros." said Turki that "the central bank will announce early to the public when it decided to delete the zeros," stressing that "the justification for continuing failure to delete the list until now. " The Committee on the economy and investment representative demanded, in (July 6, 2013), Central Bank of Iraq need to begin the process of deletion of zeros from the currency to raise the economic level, arguing that Iraq is ready for this after his release from Chapter VII. confirmed the central bank, in (April 25, 2013), that there is no intention at this time to restructure the currency and deleting three zeros from them. noteworthy that the General Secretariat of the Council of Ministers announced that, in the (April 12, 2012), for a patient in the application of the process of deletion of zeros from the national currency, which had to be shut down procedures all relating to the operation mentioned until further notice. Edited November 24, 2013 by yota691 Link to comment Share on other sites More sharing options...
sandfly Posted November 24, 2013 Report Share Posted November 24, 2013 UNTIL NOW IT SAYS Link to comment Share on other sites More sharing options...
yota691 Posted November 24, 2013 Author Report Share Posted November 24, 2013 Central Bank: the envelope is not suitable for the deletion of zeros from currency 11/24/2013 | (Voice of Iraq) - Add a comment - Alsumaria News / Baghdad counting the Central Bank of Iraq, Sunday, the current situation is "appropriate" for the deletion of zeros from the Iraqi currency, stressing that he would announce "early" to the public when it decided to delete it. said Bank Governor Abdul-Basit Turki said in an interview for "Alsumaria News", "project to delete the zeros from the Iraqi currency is not on the cards now," adding that "the current situation is not suitable for the deletion of zeros." said Turki that "the central bank will announce early to the public when it decided to delete the zeros," stressing that "the justification for continuing failure to delete the list until now. " The Committee on the economy and investment representative demanded, in (July 6, 2013), Central Bank of Iraq need to begin the process of deletion of zeros from the currency to raise the economic level, arguing that Iraq is ready for this after his release from Chapter VII. confirmed the central bank, in (April 25, 2013), that there is no intention at this time to restructure the currency and deleting three zeros from them. noteworthy that the General Secretariat of the Council of Ministers announced that, in the (April 12, 2012), for a patient in the application of the process of deletion of zeros from the national currency, which had to be shut down procedures all relating to the operation mentioned until further notice. Link to comment Share on other sites More sharing options...
jeepguy Posted November 24, 2013 Report Share Posted November 24, 2013 not sure how to translate what they mean , first read , they seem to be saying they can not accommodate the lifting of zero`s off the smart card, because of the computer technology isn`t there , { 25,ooo in a computer is still 25,ooo -- with a one to one value but how would they lift zero`s if 25,ooo might now be worth say around 32,400 per dinar ----using a random number folks as a n example only-- } they would need a little more computer soft wear I would imagine , a lot of man hours to transfer those numbers . { and it can be said also to go other way too , 25,ooo now is worth say 12,400 ---- also an example ---- still need a lot of man hours to do the book work , but one thing for sure it would lead a lot of people to know what the value of the dinar would be real quick ! I,m,o Link to comment Share on other sites More sharing options...
dontlop Posted November 24, 2013 Report Share Posted November 24, 2013 I think the Iraqis will be surprised They stated awhile back they had enough foriegn reserves to back the dinars by 2 and. Half times I think they will be surprised when they revalue their currency to 3 and a half times the dollar They need a little more time to build up the reserves necessary to reach that goal of $3.50 per dinar after deleting the zeros Link to comment Share on other sites More sharing options...
Carvette Posted November 24, 2013 Report Share Posted November 24, 2013 We'll all be surprised when it's 30+............Go RV & GCR Link to comment Share on other sites More sharing options...
magawatt Posted November 24, 2013 Report Share Posted November 24, 2013 (edited) The "current situation is "appropriate" for the deletion of zeros from the Iraqi currency" BUT "the current situation is not suitable for the deletion of zeros." Appropriate but not suitable. Huh? Edited November 24, 2013 by magawatt Link to comment Share on other sites More sharing options...
GGGECKO Posted November 24, 2013 Report Share Posted November 24, 2013 Do something Iraq..... Stop talking ...... Go RV! Good Luck everyone! Link to comment Share on other sites More sharing options...
ronscarpa Posted November 25, 2013 Report Share Posted November 25, 2013 Thanks 4 the articles YOTA, but not sure what Turki actually means...LOL 1) the Central Bank of Iraq, Sunday, the current situation is "appropriate" for the deletion of zeros from the Iraqi currency 2) Bank Governor Abdul-Basit Turki said in an interview for "Alsumaria News", "project to delete the zeros from the Iraqi currency is not on the cards now," adding that "the current situation is not suitable for the deletion of zeros." 3) Said Turki that "the central bank will announce early to the public when it decided to delete the zeros," Link to comment Share on other sites More sharing options...
kenshin7 Posted November 25, 2013 Report Share Posted November 25, 2013 lets start a travel pool , and pool enough money to send all the gurus over Link to comment Share on other sites More sharing options...
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