Keywords: delete the zeros existing project and we have given the green light for its implementation

[TBomb]

He said from the CURRENCY not the VALUE of the currency.theres a huge difference in these two words,brothers.

THANKS STEALTH, BUT I'M NOT TALKING ABOUT THAT STEALTH, BUT THANK YOU - I'M SAYING THAT MOHSEN (SAID HIMSELF) THAT THE PARLIAMENT NEEDS TO APPROVE THE DELETION OF THE ZEROES APPLICATION - HE'S SAYING THAT - AND AGAIN, I CAN ONLY SPEAK RE THE ARTICLES POSTED IN THIS THREAD VS CBI LAW, THE CBI LAW STATES THAT ALLOCATIONS TO INTERNATIONAL ORGANIZATIONS VIA THE CBI, HAS TO HAVE REMUNERATIONS/PAYMENTS ALLOCATED TO THOSE INTERNATIONAL ORGS, VIA APPROVAL OF FUNDS ALLOCATIONS FROM THE GOI - THE GOI HAS TO APPROVE THE MONIES ALLOCATED TO CBI FOR SAID PAYMENTS TO THESE WORKING RELATIONSHIPS/CONTRACT WITH INTERNATIONAL ORGS.

 

 

SO, IN SHORT, THE GOI HAS TO APPROVE THE MONIES WHICH THE CBI IS TO PAY TO THE INTERNATIONAL ORGS IN CONTRACTING WITH THEM RE PRINTING THE CURRENCY.

[Markinsa]

1. The CBI, established under the Central Bank of Iraq Law, Law No. 64 of 1976, as amended from time to time, is a legal entity with the full capacity to enter into contracts, to sue and be sued, and to carry out its functions under this and any other law. In carrying out its functions, the CBI may: (i) administer and hold property, (ii) hire staff, define their duties, and determine their compensation; and (iii) determine and fund its own budget. Nothing in this Law shall be construed to interfere with the continuation of the existence of the CBI as a legal entity under prior law, or with any of the authority, rights, duties or obligations of the CBI under prior law, except as otherwise provided for under this Law.

 

"Determine and fund its own budget" includes printing and issuing currency, which is part of the CBI's function.

 

-

[boosterbglee]

Thank you all for the wealth of information you bring to this discussion...I find this very interesting...you all rock! 

 

Who would have though these three little words could be so complex...."Delete the Zeros!" 

[TBomb]

(iii) determine and fund its own budget.

 

YES, THE CBI IS RESPONSIBLE FOR DETERMINING AND FUNDING ITS OWN BUDGET, BUT THAT IS NOT TO SAY THAT EACH AND EVERY BUDGET THE CBI AUTHORS, ENTAILS THE PRINTING OF CURRENCY, WHICH REQUIRES THE WORKING WITH INTERNATIONAL ORGS - AGAIN, WORKING WITH INTERNATIONAL ORGS IS REFLECTED IN ART 24-25

 

ALSO THE CBI, IN DETERMINING AND FUNDING THEIR OWN BUDGET IS NOT WORKING WITH AN INTERNATIONAL AGENCY - LIKE THEY DO WHEN THEY HAVE TO DETERMINE CURRENCY PRINTING REGULATIONS, EXECUTIONS, ETC....SO WHAT YOU'RE QUOTING DOES NOT APPLY

 

AGAIN I STATE:

 

SECTION 24 ADDRESSES THIS RE PRINTING CURRENCY AND WORKING WITH THE WORLD BANK IN DOING SO, IS IN RELATIONSHIP PERTAINING TO :

"(ii) the CBI shall not perform any financial operation which
involves bearing financial obligations or liabilities (direct or indirect) on behalf of the
Government ; and
e. perform, to the extent the Government determines, tasks derived from the State’s
membership in international, financial and monetary institutions."
"2. The CBI shall be remunerated by the Government on a cost recovery basis for carrying out
the functions under this Article."

THE WORLD BANK IS AN "INTERNATIONAL, FINANCIAL AND MONETARY INSTITUTION"

QUOTE FROM ABOVE ARTICLE YOTA POSTED"

"he said, adding that "the World Bank gave the green light to implement this." the relationship, that "complete administrative matters on this file will take Two ", stating that" the World Bank began to create models of the new currency. "the Central Bank said, in (28 November 2014), defer the deletion of zeros from the current currency."

c. participate with other representatives of the Government or, with the Government’s
permission, represent the Government in negotiations with foreign countries as well
as with international institutions on monetary and financial issues;
d. perform financial operations, at market rates, in relation to deposits, foreign
exchange operations or other operations based on payment, clearing or economic
agreements arising out of international financial arrangements concluded by the
Government with foreign parties, provided that (i) the Government shall bear all
financial obligations and liabilities incurred by the CBI with respect to such
performance and (ii) the CBI shall not perform any financial operation which
involves bearing financial obligations or liabilities (direct or indirect) on behalf of the
Government ; and
e. perform, to the extent the Government determines, tasks derived from the State’s
membership in international, financial and monetary institutions.




THIS RELATES TO THE ABOVE - AND THE ABOVE IS DIRECTLY ADDRESSING THE WORKING RELATIONSHIPS AND SUBSEQUENT TASKS BETWEEN THE CBI (THE GOI) AND THE INTERNATIONAL INSTITUTIONS
"2. The CBI shall be remunerated by the Government on a cost recovery basis for carrying out
the functions under this Article."

THE CBI LAW , UNDER SECTION 24, CLEARLY REQUIRES THE GOI'S PERMISSION FOR REMUNERATION OF MONIES TO THE CBI, FOR WORKING WITH INTERNATIONAL MONETARY ORGANIZATIONS, THE GOI WOULD NEED TO REMUNERATE THE CBI RE ANY COSTS TO THE INTERNATIONAL ORGANIZATIONS, AND WOULD THEREFORE NEED THE GOI'S PERMISSION TO PAY THESE INTERNATIONAL ORGS.

WHY WOULD ANYONE THINK THAT THE CBI DOES NOT HAVE TO ANSWER , IN ANY WAY, FOR ANY REASON, TO THE GOI? THE GOI IS THE UMBRELLA.

THE ARTICLES WHICH YOTA POSTED ARE STATING CLEARLY THAT MOHSEN IS SAYING HE NEEDS THE PARLIAMENT'S APPROVAL....

Read more: http://www.iraqcoali..._with_Annex.pdf

SECTION 4—RELATIONS WITH THE GOVERNMENT
Article 24 Consultation with the Government
1. The Governor and other representatives of the CBI and officials of the Government shall
hold regular meetings to exchange information and opinions on the extent to which monetary
and fiscal policies can, each within their own areas of responsibility, be coordinated, and on
other matters of mutual interest and responsibility.
2. The Governor and the Deputy Governors may, upon invitation by an official of the
Government, attend meetings with the Government at which they may provide, on behalf of
the CBI, advice and information within the CBI’s area of competence.
Article 25 Actions on behalf of Government
1. The Government may entrust the CBI with the following:
a. hold the Government’s accounts; - 18 -
b. engage in and manage, as fiscal agent, domestic and foreign borrowings by the
Government;
c. participate with other representatives of the Government or, with the Government’s
permission, represent the Government in negotiations with foreign countries as well
as with international institutions on monetary and financial issues;
d. perform financial operations, at market rates, in relation to deposits, foreign
exchange operations or other operations based on payment, clearing or economic
agreements arising out of international financial arrangements concluded by the
Government with foreign parties, provided that (i) the Government shall bear all
financial obligations and liabilities incurred by the CBI with respect to such
performance and (ii) the CBI shall not perform any financial operation which
involves bearing financial obligations or liabilities (direct or indirect) on behalf of the
Government ; and
e. perform, to the extent the Government determines, tasks derived from the State’s
membership in international, financial and monetary institutions.
2. The CBI shall be remunerated by the Government on a cost recovery basis for carrying out
the functions under this Article.
Read more: http://dinarvets.com...7#ixzz3TMGbu2Az

I DO NOT AGREE - WHERE, ABOVE, IN SECTION 25 DOES IS SPECIFY IN THE LANGUAGE, IN SECTION 25 THAT THEY ARE ONLY SPEAKING TO THE ISSUANCE OF BONDS OR BILLS, PLEASE?

"I didn't realize you had two articles in your quote, Remuneration only applies to Article 25 when the CBI performs actions on behalf of the Government, like issue Bonds, or Bills, etc..."

SECTION 25 IS (ALSO) ADDRESSING THE RELATIONSHIP BETWEEN THE CBI AND INTERNATIONAL ORGANIZATIONS AND ARRANGEMENTS BETWEEN THEM AND IS ALSO STATING THAT THE CBI DOES NOT HAVE SOLE PERMISSION TO ISSUE PAYMENTS TO SAID ORGS - THE GOI MUST APPROVE THE PAYMENTS.

ALSO SECTION AMEN/33 DOES NOT SAY, ADDRESS ANYWHERE WHO'S PAYING FOR THE PRINTING OF THE CURRENCY - IT DOESN'T SAY THAT THE CBI HAS PERMISSION TO ALLOCATE MONIES FOR PRINTING OF CURRENCY - THE GOI HAS TO APPROVE THIS
HERE'S ARTICLE 33


Article 33 Printing of banknotes and minting of coins; accounting treatment of
currency issued
1. The CBI shall determine by regulation the denominations, measures, form, material,
content, weights, designs, and other features of banknotes and coins. The plates necessary to
print or mint the currency and the intellectual property rights to the designs of the currency
shall be the property of the CBI.
2. The CBI shall arrange for the printing of banknotes and the minting of coins, and for the
security and safekeeping of banknotes and coins that have not yet been issued.
3. The CBI shall be exclusively responsible for the safe and secure destruction of banknotes
and coins and for the custody and destruction, as may be necessary, of plates, dies, and
retired banknotes and coins. The CBI shall have the exclusive right to melt coins and to sell
the metals derived thereby.
4. Upon request by any individual or entity, the CBI shall exchange, free of charge or
commission, banknotes and coins with other banknotes or coins in equivalent amounts.
5. The aggregate amount of circulating banknotes and coins issued by the CBI shall be noted
in the financial statements of the CBI as a liability; such liability shall not include banknotes
and coins in the currency reserve inventory.

THE ABOVE IS THE ENTIRETY OF ARTICLE 33 -NOWHERE IN HERE DOES IT SAY THAT THE CBI IS SOLELY ALLOWED TO ALLOCATE MONIES FOR THE PRINTING OF THE CURRENCY - THAT'S ONLY ALLOCATED TO THE CBI VIA PERMISSION OF THE GOI - THE GOI IS TO ISSUE FUNDS TO THE CBI FOR THE PRINTING AND WORKING WITH INTERNATIONAL ORGS IN THEIR EXECUTION AND ABILITY TO PRINT THE CURRENCY

Read more: http://dinarvets.com/forums/index.php?/topic/198263-keywords-delete-the-zeros-existing-project-and-we-have-given-the-green-light-for-its-implementation/page-8#ixzz3TMLDd2J1

BRING SOME MORE ON, MARKINSA...I'M READY

[TCRooster]

Everyday I get into dinarvets and I immediately look for your posts yota!  You really are one of the best on this site.  Thanks for all you do and for what you bring to this site.

Yota has been my first "Go To" for real RV related info for a while now.   Thanks YOTA!     and I'm not saying anything bad about anyone else's info...  Just taking time out to Thank Yota.  That's all! 

Edited March 3, 2015 by TCRooster

[FatMan]

Lmao... Thanks Guys

[KDuesing]

Ask yourselves this, could they really come out and say that they have the green light to re-value the Iraq dinar?

 

That is why its called deleting the zero's.

[TBomb]

(iii) determine and fund its own budget.

 

YES, THE CBI IS RESPONSIBLE FOR DETERMINING AND FUNDING ITS OWN BUDGET, BUT THAT IS NOT TO SAY THAT EACH AND EVERY BUDGET THE CBI AUTHORS, ENTAILS THE PRINTING OF CURRENCY, WHICH REQUIRES THE WORKING WITH INTERNATIONAL ORGS - AGAIN, WORKING WITH INTERNATIONAL ORGS IS REFLECTED IN ART 24-25

 

ALSO THE CBI, IN DETERMINING AND FUNDING THEIR OWN BUDGET IS NOT WORKING WITH AN INTERNATIONAL AGENCY - LIKE THEY DO WHEN THEY HAVE TO DETERMINE CURRENCY PRINTING REGULATIONS, EXECUTIONS, ETC....SO WHAT YOU'RE QUOTING DOES NOT APPLY

 

AGAIN I STATE:

 

SECTION 24 ADDRESSES THIS RE PRINTING CURRENCY AND WORKING WITH THE WORLD BANK IN DOING SO, IS IN RELATIONSHIP PERTAINING TO :

"(ii) the CBI shall not perform any financial operation which

involves bearing financial obligations or liabilities (direct or indirect) on behalf of the

Government ; and

e. perform, to the extent the Government determines, tasks derived from the State’s

membership in international, financial and monetary institutions."

"2. The CBI shall be remunerated by the Government on a cost recovery basis for carrying out

the functions under this Article."

THE WORLD BANK IS AN "INTERNATIONAL, FINANCIAL AND MONETARY INSTITUTION"

QUOTE FROM ABOVE ARTICLE YOTA POSTED"

"he said, adding that "the World Bank gave the green light to implement this." the relationship, that "complete administrative matters on this file will take Two ", stating that" the World Bank began to create models of the new currency. "the Central Bank said, in (28 November 2014), defer the deletion of zeros from the current currency."

c. participate with other representatives of the Government or, with the Government’s

permission, represent the Government in negotiations with foreign countries as well

as with international institutions on monetary and financial issues;

d. perform financial operations, at market rates, in relation to deposits, foreign

exchange operations or other operations based on payment, clearing or economic

agreements arising out of international financial arrangements concluded by the

Government with foreign parties, provided that (i) the Government shall bear all

financial obligations and liabilities incurred by the CBI with respect to such

performance and (ii) the CBI shall not perform any financial operation which

involves bearing financial obligations or liabilities (direct or indirect) on behalf of the

Government ; and

e. perform, to the extent the Government determines, tasks derived from the State’s

membership in international, financial and monetary institutions.

THIS RELATES TO THE ABOVE - AND THE ABOVE IS DIRECTLY ADDRESSING THE WORKING RELATIONSHIPS AND SUBSEQUENT TASKS BETWEEN THE CBI (THE GOI) AND THE INTERNATIONAL INSTITUTIONS

"2. The CBI shall be remunerated by the Government on a cost recovery basis for carrying out

the functions under this Article."

THE CBI LAW , UNDER SECTION 24, CLEARLY REQUIRES THE GOI'S PERMISSION FOR REMUNERATION OF MONIES TO THE CBI, FOR WORKING WITH INTERNATIONAL MONETARY ORGANIZATIONS, THE GOI WOULD NEED TO REMUNERATE THE CBI RE ANY COSTS TO THE INTERNATIONAL ORGANIZATIONS, AND WOULD THEREFORE NEED THE GOI'S PERMISSION TO PAY THESE INTERNATIONAL ORGS.

WHY WOULD ANYONE THINK THAT THE CBI DOES NOT HAVE TO ANSWER , IN ANY WAY, FOR ANY REASON, TO THE GOI? THE GOI IS THE UMBRELLA.

THE ARTICLES WHICH YOTA POSTED ARE STATING CLEARLY THAT MOHSEN IS SAYING HE NEEDS THE PARLIAMENT'S APPROVAL....

Read more: http://www.iraqcoali..._with_Annex.pdf

SECTION 4—RELATIONS WITH THE GOVERNMENT

Article 24 Consultation with the Government

1. The Governor and other representatives of the CBI and officials of the Government shall

hold regular meetings to exchange information and opinions on the extent to which monetary

and fiscal policies can, each within their own areas of responsibility, be coordinated, and on

other matters of mutual interest and responsibility.

2. The Governor and the Deputy Governors may, upon invitation by an official of the

Government, attend meetings with the Government at which they may provide, on behalf of

the CBI, advice and information within the CBI’s area of competence.

Article 25 Actions on behalf of Government

1. The Government may entrust the CBI with the following:

a. hold the Government’s accounts; - 18 -

b. engage in and manage, as fiscal agent, domestic and foreign borrowings by the

Government;

c. participate with other representatives of the Government or, with the Government’s

permission, represent the Government in negotiations with foreign countries as well

as with international institutions on monetary and financial issues;

d. perform financial operations, at market rates, in relation to deposits, foreign

exchange operations or other operations based on payment, clearing or economic

agreements arising out of international financial arrangements concluded by the

Government with foreign parties, provided that (i) the Government shall bear all

financial obligations and liabilities incurred by the CBI with respect to such

performance and (ii) the CBI shall not perform any financial operation which

involves bearing financial obligations or liabilities (direct or indirect) on behalf of the

Government ; and

e. perform, to the extent the Government determines, tasks derived from the State’s

membership in international, financial and monetary institutions.

2. The CBI shall be remunerated by the Government on a cost recovery basis for carrying out

the functions under this Article.

Read more: http://dinarvets.com...7#ixzz3TMGbu2Az

I DO NOT AGREE - WHERE, ABOVE, IN SECTION 25 DOES IS SPECIFY IN THE LANGUAGE, IN SECTION 25 THAT THEY ARE ONLY SPEAKING TO THE ISSUANCE OF BONDS OR BILLS, PLEASE?

"I didn't realize you had two articles in your quote, Remuneration only applies to Article 25 when the CBI performs actions on behalf of the Government, like issue Bonds, or Bills, etc..."

SECTION 25 IS (ALSO) ADDRESSING THE RELATIONSHIP BETWEEN THE CBI AND INTERNATIONAL ORGANIZATIONS AND ARRANGEMENTS BETWEEN THEM AND IS ALSO STATING THAT THE CBI DOES NOT HAVE SOLE PERMISSION TO ISSUE PAYMENTS TO SAID ORGS - THE GOI MUST APPROVE THE PAYMENTS.

ALSO SECTION AMEN/33 DOES NOT SAY, ADDRESS ANYWHERE WHO'S PAYING FOR THE PRINTING OF THE CURRENCY - IT DOESN'T SAY THAT THE CBI HAS PERMISSION TO ALLOCATE MONIES FOR PRINTING OF CURRENCY - THE GOI HAS TO APPROVE THIS

HERE'S ARTICLE 33

Article 33 Printing of banknotes and minting of coins; accounting treatment of

currency issued

1. The CBI shall determine by regulation the denominations, measures, form, material,

content, weights, designs, and other features of banknotes and coins. The plates necessary to

print or mint the currency and the intellectual property rights to the designs of the currency

shall be the property of the CBI.

2. The CBI shall arrange for the printing of banknotes and the minting of coins, and for the

security and safekeeping of banknotes and coins that have not yet been issued.

3. The CBI shall be exclusively responsible for the safe and secure destruction of banknotes

and coins and for the custody and destruction, as may be necessary, of plates, dies, and

retired banknotes and coins. The CBI shall have the exclusive right to melt coins and to sell

the metals derived thereby.

4. Upon request by any individual or entity, the CBI shall exchange, free of charge or

commission, banknotes and coins with other banknotes or coins in equivalent amounts.

5. The aggregate amount of circulating banknotes and coins issued by the CBI shall be noted

in the financial statements of the CBI as a liability; such liability shall not include banknotes

and coins in the currency reserve inventory.

THE ABOVE IS THE ENTIRETY OF ARTICLE 33 -NOWHERE IN HERE DOES IT SAY THAT THE CBI IS SOLELY ALLOWED TO ALLOCATE MONIES FOR THE PRINTING OF THE CURRENCY - THAT'S ONLY ALLOCATED TO THE CBI VIA PERMISSION OF THE GOI - THE GOI IS TO ISSUE FUNDS TO THE CBI FOR THE PRINTING AND WORKING WITH INTERNATIONAL ORGS IN THEIR EXECUTION AND ABILITY TO PRINT THE CURRENCY

Read more: http://dinarvets.com/forums/index.php?/topic/198263-keywords-delete-the-zeros-existing-project-and-we-have-given-the-green-light-for-its-implementation/page-8#ixzz3TMLDd2J1

BRING SOME MORE ON, MARKINSA...I'M READY

AGAIN THE IRAQI GOVT IS THE UMBRELLA FOR ALL ACTIVITIES IN IRAQ - HERE'S THIS AGAIN

 

 

FROM THE CONSTITUTION - 

 

Part  IV

Terms of reference of the federal authorities

Article (109): 

Federal authorities to maintain Iraq's unity and territorial integrity, independence and sovereignty and its democratic federal system.

Article (110):

The federal authorities have exclusive powers of the following:

First: Formulating foreign policy and diplomatic representation and negotiation of international treaties and conventions, and borrowing policies and signature and conclusion, and drawing foreign economic and trade policy sovereign.

Second, the development of national security policy and its implementation, including setting up and managing armed forces, to ensure the protection and security of Iraq's borders, and defend it.

Third: Drawing fiscal policy, and customs, and issuing currency, organizing trade policy among regions and provinces in Iraq, and the development of the state budget, and formulating monetary policy and the establishment of the Central Bank, and his administration.

Fourth: Regulating standards and weights, and measures.

Fifth: Regulating issues of nationality and naturalization, residence and asylum rights.

Sixth: regulation of broadcast frequencies and mail.

Seventh: put public investment budget bill.

    Eighth: policies related to water resources from outside Iraq and guaranteeing levels of water flow to him and fair distribution within Iraq, according to international laws and norms planning.

Ninth: the general census of the population.

 

 

 

HERE IS A COPY OF THE LANGUAGE LAW - LEGISLATION ISSUED BY THE GOI NOT THE CBI

 

 

Official Languages ​​Act

January 7, 2014

The people in the name of

the Presidential Council

on the basis of what was approved by the House of Representatives and approved by the President of the Republic and based on the provisions of item (I) of Article (61) and item (iii) of Article (73) of the Constitution

Act as follows:

No. () for the year 2013

Law

official languages

Article 1 -

(i) the official language: the language adopted by the State to speak and express and official correspondence and banknotes and stamps and official documents in respect of all matters of state at home and abroad and other other areas.

(Second) Language Local official: is the language that their applications comply with the official administrative units which constitute Speakers by population density.

Article -2 - Arabic language and the Kurdish language are the two official languages ​​of Iraq.

Article -3 - Official Gazette is issued in Arabic and Kurdish.

Article -4 - used languages ​​Arabic and Kurdish in official meetings and the House of Representatives and the Presidency of the Republic and the Federal Council of Ministers and the Supreme Judicial Council and the Federal agencies and institutions and other official meetings in the Kurdistan Region and its parliament and the presidency and

His government.

Article -5 - be speaking, addressing and expressing in official domains between the federal authorities and the authorities of the Kurdistan Region in both Arabic and Kurdish.

Article 6 - dependent documents and correspondence of the two official languages ​​at the federal and provincial authorities.

Article -7 - may be open to all levels of schools to teach Arabic or Kurdish or Turkmen or Syriac, or Armenian or Mandaean in government educational institutions, or any other language in private educational institutions in accordance with educational guidelines.

Article -8 - used in both Arabic and Kurdish as follows:

First, the issuance of currency. (CLEARLY THE GOI HAS A HAND IN THE FORMATION OF CURRENCY AND WOULD THEREFORE NEED TO APPROVE THE ALLOCATION OF FUNDS IN THE DEVELOPMENT AND DESIGN OF CURRENCY)

Secondly, passports and traffic indicator panels and boards on the significance of the ministries and departments of the Federal State and the Kurdistan Region.

Thirdly, the issuance of revenue stamps and mailing.

Article 9 - Turkmen language and Syriac language are official languages ​​in the administrative units that constitute the Turkmen or Syriac where population density.

Article -10 - each region or governorate may adopt any other local languageas an additional official language if approved the majority of the population in a referendum.

Article -11 - form a higher committee to follow up the implementation of thislaw linked to the Council of Ministers headed by a representative of the General Secretariat of the Council of Ministers and the membership of a representative of the Kurdistan Regional Government and a representative from the Office of the House of Representatives assisted by an ad hoc committee of linguists, academics and representatives of the Turkmen and Assyrians

And Mandaeans and its representative in addition to any language other Iraqi.

Article -12 - define the tasks and the convening of a quorum of the Committee provided for in Article (12) of this law, the instructions issued by the Prime Minister.

Article -13 -: This law aims to: -

First, to ensure respect for the Constitution and its activation to organize the use of the official languages ​​of the Republic of Iraq.

Secondly, awareness of language, in order to bring together Iraqi factions and deepen and consolidate the concepts of humanity and patriotism.

Thirdly, to achieve the spirit of pride in the mother tongue.

Fourth, ensure equality between Arabic and Kurdish rights and privileges for use in federal institutions.

V. and support the development of Arabic and Kurdish and other Iraqi languages, such as Turcoman, Syriac, and Armenian and Mandaean.

Article -14 - First: every Iraqi citizen or a foreign language teaching his sons mother.

Secondly, each component Iraqi has the right to create colleges or institutes and cultural centers or synagogues serving the scientific development of itslanguage and its culture and heritage.

Article -15 -: The Iraqi Academy of Science and the Academy of the Kurdish two certified reference to the interpretation of terms and words in the case where the difference is.

Article -16 -: treated contrary to the provisions of this law are as follows:

First, apply discipline sanctions against him if he was employed.

Secondly, the employee is threatening to remove the violation within fifteen (15) days, and when he refused to be punished by a fine of not less than (50) fifty thousand dinars each day it fails to remove all infringing.

Thirdly, each victim the right to move criminal cases when the violation of the provisions of this law.

Article -17 - The Council of Ministers issued instructions to facilitate the implementation of the provisions of this law.

Article -18 - This law shall be published in the official gazette and implemented after ninety (90) days from the date of publication.

Reasons

Pursuant to Article (4) of the Constitution and of respect for the diversity of national and linguistic in Iraq and confirmation of the consolidation of the human dimension of civilizations in the custody of the new union, and in line with the teachings of Islam which emphasizes respect for differing languages, and in order to enable the basic components of the Republic

Iraq from the free expression of their need and requirements in their originallanguage.

initiated this law

 

http://www.parliament.iq/details.aspx?LawN=%D9%82%D8%A7%D9%86%D9%88%D9%86%20%D8%A7%D9%84%D9%84%D8%BA%D8%A7%D8%AA%20%D8%A7%D9%84%D8%B1%D8%B3%D9%85%D9%8A%D8%A9

HEY, I'M JUST SAYING - MOHSEN/KEYWORDS SAID HIMSELF, HE NEEDS THE PARLIAMENT TO APPROVE THE PROJECT..WHICH ASPECT/ENTIRETY, WE DON'T KNOW - IT SEEMS BASED ON THE LEGISLATION THAT THE GOI HAS TO APPROVE THE FINANCING OF AT LEAST THE PRINTING - IN ONE OF THE ART'S YOTA POSTED, IT STATES THAT THEY'RE WORKING WITH THE WORLD BANK IN DEVELOPMENT OF THE CURRENCY - AND THEN IT SAYS IT WAS LAST DISUSCUSSED IN NOV 2014 - AND WOULD TAKE TWO YEARS..TWO YEARS FROM WHEN, IDK?

 

http://www.iraq-lg-law.org/en/node/2574

Edited March 3, 2015 by TBomb

[Markinsa]

Like I said, you are readying waaaaay too much into this.  Article 24 and 25 deals with how one independent organization works with the other.  The CBI Law states the CBI is Autonomous.  It was meant to be a completely separate organization to prevent the GOI from interfering with the CBI's functions.

 

Let's try to keep this simple. 

 

In general the CBI is supposed to keep Iraq's Economy going.  They are responsible for printing and issuing the currency.  As old currency is destroyed, they issue new currency.  The printing cost comes out of the CBI's bottom line.  The GOI doesn't pay for it, the CBI does.  Why does the CBI need permission?  The CBI can issue its own laws and regulations to promote the stability of Iraq's economy.  It is all laid out in the CBI Law.  Now of course the CBI does consult with the GOI of its plans, but it does not need the GOI's approval for anything it does.  See below excerpt from the CBI Law:

 

---

 

3. The CBI shall have the power to issue regulations for the purpose of implementing this Law and carrying out its functions under this Law. Regulations issued under this Law, and any subsequent amendments thereto, shall be published in the Official Publication.

 

4. If the CBI proposes to issue a regulation pursuant to this Law, it shall publish a draft of the proposed text of the regulation in a form and in a manner determined by it to be best calculated to bring the proposed regulation to the attention of the domestic financial sector and the general public. The draft shall be accompanied by an explanation of the purpose of the proposed regulation and a request for comments within a specified time of not less than one month after the date of publication of the draft. The CBI shall have regard to any comment received and issue the final text of the regulation accompanied by an account in general terms of the comments. The procedure set out in this paragraph shall not apply if the CBI determines that the delay involved would be a serious threat to the interests of the financial system or hinder the effective conduct of monetary policy, provided that such decision by the CBI shall be explained in the preamble to the regulation.

 

5. In carrying out its functions in accordance with the provisions of this Law, the CBI shall have the power to issue legally-binding orders addressed to specified individuals or entities and directing such persons or entities to undertake specific actions which are in accordance with this Law.

 

---

 

Article 16 Powers and functions of the Board

 

While observing the primary objective and other objectives set out in Article 3, the Board shall, within the limits set out in this Law:

 

a. develop and define the primary monetary policy objective;

 

b. formulate policies to attain the primary monetary policy objective, including the exchange rate policy, limits on open market operations to be conducted by the CBI, policies regarding interest rates for other provisions of funds to the banking sector, and the types and levels of reserves that banks will be required to maintain; except that the Board shall not have the power to enter into a fixed exchange rate regime, such as a monetary union or currency board.

 

c. decide on the issuance of Iraqi banknotes and coins in accordance with Article 32;

 

d. issue licenses or permits and adopt procedures to regulate the safety and soundness of banks as further specified in the Banking Law;

 

e. determine the terms for the provision of services as banker, advisor and fiscal agent to the Government in accordance with Section 4;

 

f. adopt the rules for payment systems in accordance with Article 39;

 

g. approve all reports and recommendations that the CBI is to make to the Government or the Legislature;

 

h. decide on the participation of the CBI in international organizations whose membership is open to central banks;

 

i. decide whether the CBI will open and maintain an account on its books for a foreign central bank, foreign government or international organization, and also whether the CBI will open and maintain an account in its name on the books of a foreign central bank or international financial organization;

 

j. decide whether debt securities should be issued by the CBI, and if so, the terms and conditions thereof;

 

k. determine the categories of assets that shall be suitable for the investment of the foreign exchange reserves and other financial resources of the CBI;

 

l. determine the terms pursuant to which discount operations may be engaged in by the CBI in accordance with Article 28;

 

m. approve, with the consent of at least three-fifths of the members of the Board present, each loan or guarantee to be extended to a bank under Article 30;

 

n. adopt by-laws, internal guidelines and rules applicable to the administration and operation of the CBI, and determine the organizational structure of the CBI, including the locations of any CBI branches;

 

o. approve procedures to be followed in the CBI’s internal decision-making process;

 

p. approve systems of internal controls within the CBI;

 

q. determine the annual budget and the personnel plan of the CBI;

 

r. approve, issue and publish the annual report and the annual financial statements; - 15 -

 

s. adopt all regulations and guidelines of general application to be issued by the CBI; and

 

t. take action upon any other matter, within the competence of the CBI, responsibility for which is not specifically assigned in this Law to any other person or group.

 

---

 

See "C" above.  Where above does it state anywhere that it needs to confer with the GOI?

 

I just read your last post about the law that was passed.  There is clearly a conflict between these two laws.  Here is states the CBI is completely autonomous, that law says that Parliament is responsible for issuing currency.  The simple matter that the cost of the Issuing of Currency hits the CBI's bottom line and is NOT part of the GOI's Budget, but comes out of retained earnings of the CBI.  I'm currently looking at the CBI's Financials trying to locate where they last paid for currency.

 

-

[TBomb]

I'M NOT READING TOO MUCH INTO THIS - I'D SAY, IF ANYTHING, YOU ARE NOT SUPPORTING YOUR POSTS WITH ENOUGH BROAD BASED INFO. IT'S A CASE OF FINDING ONE SET OF WORDING WHICH SUPPORTS WHAT YOU WANT TO HAPPEN, NOT BROAD LEGISLATION OR LEGAL INFO WHICH SHOWS US A BIG PICTURE.  

Edited March 3, 2015 by TBomb

[utah rock]

"Let's try to keep this simple."

That's funny right? I laughed. 

Great debate, thank you both.

[drj]

This project should kick in any day.  

 

I sure hope that you are right!

[Jaygo]

TBomb and Mark.... You will never agree.. Walk away.. Just walk away!! you crazy kids!!

[MyLadiesDaddy]

And to think, my post got deleted by our secret moderator. LOL

I'm just completely dumbfounded. And SERIOUSLY OFFENDED.

[asteckler]

My thoughts on whether to expect an RV, or redenominate, or lop.... Maybe we need to look back to the previous currency and how its value changed over the period of time that got us to this value.  The Saddam notes I'm talking...  So with the invasion and fall of Saddam, and the following new currency (now current currency) was it a 1 for 1 conversion rate?  Did the wealthy, and businesses, and whoever at that time exchange to the current currency at a 1 to 1 rate?  If so, I would think that they would want to keep that in line.   Did the value fall as an immediate function, or was it an avalanche of inflation that can be turned back upward? 

 

Not sure if the past can be any indication of what may happen here, just something to ponder as we all ponder this ponderment....

[TBomb]

AGAIN THE IRAQI GOVT IS THE UMBRELLA FOR ALL ACTIVITIES IN IRAQ - HERE'S THIS AGAIN

 

 

FROM THE CONSTITUTION - 

 

Part  IV

Terms of reference of the federal authorities

Article (109): 

Federal authorities to maintain Iraq's unity and territorial integrity, independence and sovereignty and its democratic federal system.

Article (110):

The federal authorities have exclusive powers of the following:

First: Formulating foreign policy and diplomatic representation and negotiation of international treaties and conventions, and borrowing policies and signature and conclusion, and drawing foreign economic and trade policy sovereign.

Second, the development of national security policy and its implementation, including setting up and managing armed forces, to ensure the protection and security of Iraq's borders, and defend it.

Third: Drawing fiscal policy, and customs, and issuing currency, organizing trade policy among regions and provinces in Iraq, and the development of the state budget, and formulating monetary policy and the establishment of the Central Bank, and his administration.

Fourth: Regulating standards and weights, and measures.

Fifth: Regulating issues of nationality and naturalization, residence and asylum rights.

Sixth: regulation of broadcast frequencies and mail.

Seventh: put public investment budget bill.

    Eighth: policies related to water resources from outside Iraq and guaranteeing levels of water flow to him and fair distribution within Iraq, according to international laws and norms planning.

Ninth: the general census of the population.

 

 

 

HERE IS A COPY OF THE LANGUAGE LAW - LEGISLATION ISSUED BY THE GOI NOT THE CBI

 

 

Official Languages ​​Act

January 7, 2014

The people in the name of

the Presidential Council

on the basis of what was approved by the House of Representatives and approved by the President of the Republic and based on the provisions of item (I) of Article (61) and item (iii) of Article (73) of the Constitution

Act as follows:

No. () for the year 2013

Law

official languages

Article 1 -

(i) the official language: the language adopted by the State to speak and express and official correspondence and banknotes and stamps and official documents in respect of all matters of state at home and abroad and other other areas.

(Second) Language Local official: is the language that their applications comply with the official administrative units which constitute Speakers by population density.

Article -2 - Arabic language and the Kurdish language are the two official languages ​​of Iraq.

Article -3 - Official Gazette is issued in Arabic and Kurdish.

Article -4 - used languages ​​Arabic and Kurdish in official meetings and the House of Representatives and the Presidency of the Republic and the Federal Council of Ministers and the Supreme Judicial Council and the Federal agencies and institutions and other official meetings in the Kurdistan Region and its parliament and the presidency and

His government.

Article -5 - be speaking, addressing and expressing in official domains between the federal authorities and the authorities of the Kurdistan Region in both Arabic and Kurdish.

Article 6 - dependent documents and correspondence of the two official languages ​​at the federal and provincial authorities.

Article -7 - may be open to all levels of schools to teach Arabic or Kurdish or Turkmen or Syriac, or Armenian or Mandaean in government educational institutions, or any other language in private educational institutions in accordance with educational guidelines.

Article -8 - used in both Arabic and Kurdish as follows:

First, the issuance of currency. (CLEARLY THE GOI HAS A HAND IN THE FORMATION OF CURRENCY AND WOULD THEREFORE NEED TO APPROVE THE ALLOCATION OF FUNDS IN THE DEVELOPMENT AND DESIGN OF CURRENCY)

Secondly, passports and traffic indicator panels and boards on the significance of the ministries and departments of the Federal State and the Kurdistan Region.

Thirdly, the issuance of revenue stamps and mailing.

Article 9 - Turkmen language and Syriac language are official languages ​​in the administrative units that constitute the Turkmen or Syriac where population density.

Article -10 - each region or governorate may adopt any other local languageas an additional official language if approved the majority of the population in a referendum.

Article -11 - form a higher committee to follow up the implementation of thislaw linked to the Council of Ministers headed by a representative of the General Secretariat of the Council of Ministers and the membership of a representative of the Kurdistan Regional Government and a representative from the Office of the House of Representatives assisted by an ad hoc committee of linguists, academics and representatives of the Turkmen and Assyrians

And Mandaeans and its representative in addition to any language other Iraqi.

Article -12 - define the tasks and the convening of a quorum of the Committee provided for in Article (12) of this law, the instructions issued by the Prime Minister.

Article -13 -: This law aims to: -

First, to ensure respect for the Constitution and its activation to organize the use of the official languages ​​of the Republic of Iraq.

Secondly, awareness of language, in order to bring together Iraqi factions and deepen and consolidate the concepts of humanity and patriotism.

Thirdly, to achieve the spirit of pride in the mother tongue.

Fourth, ensure equality between Arabic and Kurdish rights and privileges for use in federal institutions.

V. and support the development of Arabic and Kurdish and other Iraqi languages, such as Turcoman, Syriac, and Armenian and Mandaean.

Article -14 - First: every Iraqi citizen or a foreign language teaching his sons mother.

Secondly, each component Iraqi has the right to create colleges or institutes and cultural centers or synagogues serving the scientific development of itslanguage and its culture and heritage.

Article -15 -: The Iraqi Academy of Science and the Academy of the Kurdish two certified reference to the interpretation of terms and words in the case where the difference is.

Article -16 -: treated contrary to the provisions of this law are as follows:

First, apply discipline sanctions against him if he was employed.

Secondly, the employee is threatening to remove the violation within fifteen (15) days, and when he refused to be punished by a fine of not less than (50) fifty thousand dinars each day it fails to remove all infringing.

Thirdly, each victim the right to move criminal cases when the violation of the provisions of this law.

Article -17 - The Council of Ministers issued instructions to facilitate the implementation of the provisions of this law.

Article -18 - This law shall be published in the official gazette and implemented after ninety (90) days from the date of publication.

Reasons

Pursuant to Article (4) of the Constitution and of respect for the diversity of national and linguistic in Iraq and confirmation of the consolidation of the human dimension of civilizations in the custody of the new union, and in line with the teachings of Islam which emphasizes respect for differing languages, and in order to enable the basic components of the Republic

Iraq from the free expression of their need and requirements in their originallanguage.

initiated this law

 

http://www.parliament.iq/details.aspx?LawN=%D9%82%D8%A7%D9%86%D9%88%D9%86%20%D8%A7%D9%84%D9%84%D8%BA%D8%A7%D8%AA%20%D8%A7%D9%84%D8%B1%D8%B3%D9%85%D9%8A%D8%A9

HEY, I'M JUST SAYING - MOHSEN/KEYWORDS SAID HIMSELF, HE NEEDS THE PARLIAMENT TO APPROVE THE PROJECT..WHICH ASPECT/ENTIRETY, WE DON'T KNOW - IT SEEMS BASED ON THE LEGISLATION THAT THE GOI HAS TO APPROVE THE FINANCING OF AT LEAST THE PRINTING - IN ONE OF THE ART'S YOTA POSTED, IT STATES THAT THEY'RE WORKING WITH THE WORLD BANK IN DEVELOPMENT OF THE CURRENCY - AND THEN IT SAYS IT WAS LAST DISUSCUSSED IN NOV 2014 - AND WOULD TAKE TWO YEARS..TWO YEARS FROM WHEN, IDK?

 

http://www.iraq-lg-law.org/en/node/2574

http://www.cabinet.iq/ArticleShow.aspx?ID=5011

ANNOUNCEMENT FROM THE COM - NOT THE CBI -

 

 

"4 - to approve the draft law on ratification documents of the Bucharest Conference of 2004 annexed Universal Postal Convention, signed on 04.10.2014, and referred to the House of Representatives, according to the provisions of Articles (61 / item first) and (80 / item II ) of the Constitution."

 

 

AND THEN THERE'S THIS - A PRESS RELEASE FROM THE COM :

Draft law of ratification documents of the Bucharest Conference to the House

20/7/2014 10: 56 am

The Secretariat announced the Cabinet approval of the draft law on the ratification documents of the Bucharest Conference else e 2004.

And a source in the Cabinet of the Government communication and information Office that the consent of the Council included referral to the House of representatives, based on the provisions of articles (61/item first) and (80, item II of the Iraqi Constitution.

The approval comes for ratification documents of the Bucharest Conference, signed on 4 October 2004, the Convention World Postal Act 1947, ratified by Iraq by Act No. 41 of 1950, as well as enhanced cooperation in the field of postal transportation planning, and provide the best means for global postal service.

 

 

http://www.cabinet.iq/ArticleShow.aspx?ID=5013

 

 

NOW THE DIRECT ABOVE "BUCHAREST" INFO PERTAINS TO THIS AND THIS DOC BELOW, WAS FOUND BY BUTIFLDRM..SHE'S THE BEST:

"COUNCIL OF THE EUROPEAN UNION

Brussels, 9 July 2004

11082/04

TELECOM 129

MI 205

"I/A" ITEM NOTE

from: General Secretariat

to : Permanent Representatives Committee (Part 1)/Council

No. prev. doc. : 11030/04 TELECOM 128 MI 202

No. Cion prop. : 10180/04 TELECOM 118 MI 183

Subject : Council Resolution on the preparation of the Universal Postal Union Congress

2004

1. On 4 June 2004, the Commission submitted to the Council a Communication on the Universal

Postal Union Congress 20041

. The 23rd UPU Congress will take place from 15 September to 5

October 2004 in Bucharest, Romania.

2. In its Communication, the Commission highlighted the importance of this Congress in

promoting the development of international collaboration in the field of international postal

services by revising the Acts of the UPU. Moreover, the Commission identified the main

issues for negotiation, some of which fall within the scope of Community legislation......

UNDERLINES that Member States should ensure, in association with the Commission, that

they do not undertake commitments which would not be compliant with the Community

acquis and that they will apply the Acts adopted by the Congress in accordance with their

obligations pursuant to the Treaty establishing the European Union, and specifically their

obligations arising from trade agreements or from existing Community legislation on the

free provision of postal services and on competition;"

http://register.consilium.europa.eu/...%202004%20INIT

HERE IS MORE ON/FROM THIS POSTAL LAW:

Privacy and data protection laws and regulations

Comprehensive law

In November 2001, the Parliament enacted Law No. 676/2001 on the Processing of Personal Data and the Protection of Privacy in the Telecommunications Sector6 and Law No. 677/2001 for the Protection of Persons concerning the Processing of Personal Data and the Free Circulation of Such Data.7 These laws follow very closely the European Union Telecommunications Privacy (1997/66/EC) and Data Protection (1995/46/EC) Directives respectively. Romania joined the European Union on 1 January 2007.8

Law No. 676/2001 provides for specific conditions under which privacy is protected with respect to the processing of personal data in the telecommunications sector. In 2004, Law No. 676/2001 was, practically speaking, replaced by Law No. 506/2004,9 which closely follows Directive 2002/58/EC of the European Parliament and the Council on personal data processing and privacy protection in the electronic communications sector. This directive repealed and replaced Directive 1997/66/EC.10

Law No. 506/2004 divides the task of enforcing the personal data protection laws between two institutions: the National Regulatory Authority for Communication (later renamed the National Authority for Management and Regulations in Communications – Romania, or ANCOM11) for issues related to electronic communications and the People's Advocate Office (later renamed the Data Protection Authority, or ANSPDCP), which handles issues related to privacy. In this sense, ANCOM has competence in relation to: security measures for electronic communication; non-compliance with invoice issuing conditions; infringement of the obligations regarding the presentation and restriction of calling; and connected line identification.

http://books.google.com/books?id=Q5X...202004&f=false

NOW SEE THIS DOCUMENT WHICH CONTAINS LISTS OF ALL OF THE COUNTRIES OF WHICH PARTICIPATE IN THIS BUCHAREST POSTAL ACCORD....(THE DOC WON'T LET ME COPY AND PASTE, SO YOU'LL HAVE TO OPEN IT TO VIEW IRAQ'S POSITION THEREIN)

http://www.indiapost.gov.in/Pdf/Cust...nformation.pdf

 

 

HERE IS A SECTION FROM THIS (NO COPY NOR PASTE) PDF:

"15.6 BY 'CURRENCY NOTES" MEANS NOTES ISSUED BY GOVERNMENTAL, REGIONAL OR MUNICIPAL AUTHORITIES AS LEGAL TENDER, AS OPPOSED TO THOSE ISSUED BY BANKING HOUSES UNDER THE CONTROL AND WITH THE AUTHORIZATION OF THE GOVERNMENT. CHEQUES, SECURITIES PAYALBE TO BEARER AND GENERALLY SPEAKING ANY NEGOTIABLE INSTRUMENTS WHICH CAN EASILY BE CASHED AT A BANK SHALL BE CONSIDERED AS "SECURITIES PAYALBE TO BEARER". PAPERS "REPRESENTING A MONETARY VALUE", SUCH AS LOTTERY TICKETS, POSTAGE STAMPS AND TRANSPORT VOUCHERS, MAY BE ENDORSED IN UNREGISTERED PRIORITY ITEMS AND IN UNREGISTERED SEALED LETTERS, WHILE STILL PROHIBITED IN REDUCED RATE ITEMS. INFORMATION ABOUT THE ADMISSION IN REGISTERED ITEMS UNDER SEALED COVER ARE GIVEN IN THE LETTER POST COMPENDIUM."

 

 

http://register.consilium.europa.eu/doc/srv?l=EN&f=ST%2011082%202004%20INIT

 

 

THE BUCHAREST CONFERENCE GOVERNS HOW MONEY IS SHIFTED/ LEGALLY - PERTAINS ALSO TO COUNTERFEITING AND MONEY LAUNDERING -

GOVERNMENTS, ULTIMATELY, HAVE THE SAY SO RE THEIR CURRENCY - THE PRINTING AND THE DESIGN AND THE FEATURES..THEY HAVE TO REGULATE THIS FOR THE INTERNATIONAL MARKET - IRAQ AGREED TO INSTITUTE THE BUCHAREST CONFERENCE LAST YEAR - THE LINKS FROM THE COM ARE ABOVE - THIS SUPPORTS (FURTHER EVIDENCE) THAT IRAQ'S BEEN GEARING UP TO THIS -

 

THE GOI AND THE CBI WORK TOGETHER RE CURRENCY

 

IT'S ALL GOOD.

Edited March 3, 2015 by TBomb

[Texstorm]

My thoughts on whether to expect an RV, or redenominate, or lop.... Maybe we need to look back to the previous currency and how its value changed over the period of time that got us to this value.  The Saddam notes I'm talking...  So with the invasion and fall of Saddam, and the following new currency (now current currency) was it a 1 for 1 conversion rate?  Did the wealthy, and businesses, and whoever at that time exchange to the current currency at a 1 to 1 rate?  If so, I would think that they would want to keep that in line.   Did the value fall as an immediate function, or was it an avalanche of inflation that can be turned back upward? 

 

Not sure if the past can be any indication of what may happen here, just something to ponder as we all ponder this ponderment....

Yes the perplexity of this perpetual situation has indeed caused a periodical  permeation of the protoplasmic CPU !   

[Markinsa]

TBomb, that last post of yours is so incoherent I'm not even going to attempt to reply to it.

 

-

[Frangipani]

you just did

[TBomb]

TBomb, that last post of yours is so incoherent I'm not even going to attempt to reply to it.

 

-

it's not incoherent if you're intelligent enough to connect the dots

[Texstorm]

Tomorrows another day and boy am I looking forward to Adams chat as well as all of the great news coming forth !  

[Markinsa]

it's not incoherent if you're intelligent enough to connect the dots

 

I give you neatly organized posts, with my thoughts laid out, and everyone can see the quality of your posts, and now you are expecting me to follow your thoughts, and then you insult my intelligence?   The below states where the cost of printing banknotes is recorded on the CBI's Financial Statements.  

 

Page 16 from link above

 

p) Issued currency The liability of the CBI towards banknotes issued as a legal tender in Iraq under the CBI Law of year 2004 is stated at the face value. The issued banknotes that are returned to the CBI are reduced from the issued currency balance. Any un-issued and returned banknotes kept in the CBI vaults are not reflected in the financial statements. The cost of printing the banknotes is recorded in the income statement when incurred.

 

-

[IQD1217]

People need to chill and let it play out!!

[Integrativedoc]

My thoughts on whether to expect an RV, or redenominate, or lop.... Maybe we need to look back to the previous currency and how its value changed over the period of time that got us to this value.  The Saddam notes I'm talking...  So with the invasion and fall of Saddam, and the following new currency (now current currency) was it a 1 for 1 conversion rate?  Did the wealthy, and businesses, and whoever at that time exchange to the current currency at a 1 to 1 rate?  If so, I would think that they would want to keep that in line.   Did the value fall as an immediate function, or was it an avalanche of inflation that can be turned back upward? 

 

Not sure if the past can be any indication of what may happen here, just something to ponder as we all ponder this ponderment....

research how many saddam dinar were in circulation at the time

[BUSHMAN]

are they deleting what zero's on what