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Economic Commission: to delete the zeros will be implemented over the next five years


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Economic Commission: to delete the zeros will be implemented over the next five years


22/10/2014

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BAGHDAD / JD / .. excluded the parliamentary Economic Committee, the application of the project to delete the three zeroes from the currency early next year in 2015, while suggesting it had agreed with the Central Bank to implement the project over the next five years.
Said committee member Nora told Albjara / JD /: that "its Committee met with the Governor of the Central Bank and the Agency on the Keywords and discussed with him the most important issues related to the monetary policy of the country, including the project to delete the three zeroes from the currency."
She added: "The Governor of the Central Bank and the Agency confirmed that the project to delete the zeros is ready technically and logistically and waiting for the right time to implement it," noting that "he was supposed to be applied to the project since 2013 and until 2016, but the security conditions and the economic situation is stable led to the identification another period by the central bank to be applied starting from 2015 up to 2020. "
Albjara ruled out, the application of the project in the next year and even the years 2016 and 2017, due to the lack of appropriate conditions for the application of such a large project.
And was a member of the parliamentary Economic Committee Abdul Salam al-Maliki pointed out earlier that the central bank will begin to apply the project early next year 2015 / Finished / 8 /
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Iraq_currency.jpg

 

 

Author: 10.22.2014 12:31 PM Number of Views: 6 

 

 

 

 

 

Orbit -


Follow-up confirmed for the economic and investment commission in the Iraqi parliament that the deletion of zeros from the Iraqi currency will enter into force next year, noting at the same time it will be discussed during the coming period laws regarding the banks, and the central bank, and the fight against money laundering. 
said Member of the economy and investment in the Iraqi parliament , Jawad al-Bolani, said that 'the deletion of zeros from the Iraqi currency will be it next year. 
was the Iraqi government project about deleting three zeros from the Iraqi currency to reduce inflation winning currency, however, has been postponed. 
added Bolani, in a press conference held in the building of the Iraqi parliament, that foreign exchange reserves in the Central Bank of Iraq amounted to 76.3 billion dollars, while the estimated currency markets Iraqi estimated at 40 trillion Iraqi dinars. 
reported Bolani he will discuss some of the laws that would 'promote the Iraqi economy' he said, and he mentioned the laws of the banks and the bank Central and Money Laundering Act. 
noteworthy that the Iraqi Central Bank authority independent of the government is not entitled to state intervention work, under Iraqi laws.

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The central bank is to remove zeros within five years

 

Published on Tuesday, 21 October 1 / Okrudolf 2014 12:00 Written by: Sheikh Salem Hits: 119

26-2523.jpgBAGHDAD / Center Brief for the Iraqi Media Network ( IMN ) -qal Member of the economy and investment representative Ali al-Maliki that the central bank promised to remove the zeros currency during the next five years and make it tamper-proof .

 

And between Maliki's ( IMN ) that "the new currency will cost more than its monetary value because of the security issues that will be placed inside and will be strongly the security of the Australian currency," pointing out that it "will include several categories of up to 200 dinars, which corresponds to 200 dinars in the current currency."

 

In the view of economists that the removal of zeros will not increase the purchasing power of the currency, but that would end removed to ensure that the number of billionaires in the budget, and trading in the market .

 

From: Firas al-Kadhim, Edit: Laith Mohammed Reza

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project to delete the zeros is ready technically and logistically and waiting for the right time to implement it

I think what he is really trying to say is that had Maliki not been embezzleing the bank dry, and screwing up the whole Iraqi finacial system, dropping the zeros would have already started and we would of already been in the middle of the project today..... Get me a rope! I'll go hang em myself if no one else will!!!!! They are still trying to shore up the damages that weak minded doodle squat did to the economy. The moment it was discovered was the moment you saw Abadi diving over the table to get to Malik's throat to strangle him his self!

Edited by jcfrag
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Economic parliamentary: the currency will be replaced by early 2016

Thursday, 23 October 1 / Okrudolf 2014 10:47

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[baghdad - where]

Showed the parliamentary Economic Committee on Thursday that "the replacement of the existing currency will be early in 2016."

She said a member of the Committee and the fulfillment Kazem slugfest told all of Iraq [where] that "the Committee discussed with the Governor of the Central Bank of the process of replacing the currency and delete the zeros, and between that the issue of deletion of zeros deferred because of what is going through the country of the conditions of being an uninitialized Currently, stressing that the replacement of the currency and initiating so will be early in 2016. "

She added that the fight "reserve currency of the bank nearly 74 billion dollars, twice the mass of cash in circulation in the country and this is not in the best countries in the world and is a good indicator to reassure the Iraqi people."

He said economic expert Jamil Antoine earlier that the deletion of zeros from the currency is a restructuring of the currency, and to alleviate the accounts of digital large burden on treasurers, and alleviate the burden on accountants in counting the transfer of numbers, "noting that" the present time is not appropriate for the replacement of the currency, and so the lack of security and economic stability in the country . ended 80

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Economic parliamentary: Multi deferred deletion of zeros and the replacement of the existing currency early in 2016


  • Agency eighth day
  • October 23, 2014
  • Baghdad _ ((eighth day))


Showed the parliamentary Economic Committee on Thursday that that the issue of deletion of zeros deferred because of what is going through the country of the conditions of being an uninitialized currently indicating the replacement of the existing currency will be early in 2016.   A member of the Commission and the fulfillment Kazem "The committee discussed with the Governor of the Central Bank of the process of replacing the currency and delete the zeros, and between that the issue of deletion of zeros deferred because of what is going through the country of the conditions of being an uninitialized currently, indicating that the replacement of the currency and initiating this will be the beginning of 2016."     "The Reserve Bank's currency of nearly 74 billion dollars, twice the mass of cash in circulation in the country and this is not in the best countries in the world and is a good indicator to reassure the Iraqi people."   He said economic expert Jamil Antoine earlier that the deletion of zeros from the currency is a restructuring of the currency, and to alleviate the accounts of digital large burden on treasurers, and alleviate the burden on accountants in counting the transfer of numbers, "noting that" the present time is not appropriate for the replacement of the currency, and so the lack of security and economic stability in the country.                                                                                                    http://translate.google.com.pk/translate?hl=en&sl=ar&u=http://8th-day.com/&prev=/search%3Fq%3D8thday.com%26es_sm%3D93

Edited by lillymoon
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Parliamentary Finance: local currency will be Astpadalha early 2016

By Adminsa ten fifty a.m. 23.10.2014 | Views: 297

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Brother - Baghdad

Showed the parliamentary Economic Committee on Thursday that "the replacement of the existing currency will be early in 2016."

 

She said a member of the Committee and the fulfillment Kazem fight press statement seen by theAgency for News News (et) that "the Committee discussed with the Governor of the Central Bank of the process of replacing the currency and delete the zeros, and between that the issue of deletion of zeros deferred because of what is going through the country of the conditions of being an uninitialized Currently, stressing that Replace the currency and thus will initiate early in 2016. "

 

 

She added that the fight "reserve currency of the bank nearly 74 billion dollars, twice the mass of cash in circulation in the country and this is not in the best countries in the world and is a good indicator to reassure the Iraqi people."

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Sounds like we're screwed.

Even more so after these last couple of articles.

"Deletion of the zeroes", "replace current currency", "restructuring of currency" are not words I want to hear all in same couple of sentences.

At least we have another year for them to change their mind again.

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There will be massive disinformation of the increased valuation of the Dinar, then it will suddenly happen...the CBI cannot let it's hand show beforehand...as has been said by others, look at what they do and not what they say...it won't be announced before it happens, it may well seem like it will never happen, then bam, done...this article is interesting and not bad at all...that at least is my theory from watching this the last 10 years...in a line from a movie I like "we will seeeee precioussss, we will see" (literary license used in quote)...major waiting game...DT I need an appropriate clip or pic for that quote...any help bro? :shrug:

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project to delete the zeros is ready technically and logistically and waiting for the right time to implement it

 

So, I guess one could take that to mean that the long-term waiting for an RV "officially" begins in 2015?

 

Sure glad the past 7 years of waiting was only a practice session........

 

/sarc

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