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


yota691
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I guess its time to get back on the horse and take another shot at this.

Its good to see the 50's go bye bye.

Its good to see all that gold there (and oil)

Its good to see the Kurds happy? (we will see)

Its good to see all the positive thoughts (again)

Lets be patient and get ready for one of two things... Either way I know it wont change me!

But it will change the world! Game on!

 

The Dude Abides...

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okay here's the BING translation of the above

 

 

Tue, 03 Mar 2015 12:00:35

The Central Bank shall execute "delete zeros from the Iraqi currency

 

SAMA news agency Baghdad-Baghdad

Iraqi Central Bank Governor disclosed the relationship on Tuesday, giving the green light for the immediate implementation of the file delete zeros from the currency, with the complete management of this file will take two years, the Bank began to create models of the new currency and said the relationship at a press conference held by the Bank building in the Jadiriyah district in central Baghdad, "the file delete the zeros of the Iraqi currency was put into effect,"

 

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.

 

That there is the wording I've been waiting for. Deleting the 3 zero notes from the new currency not the currency already in circulation. In other words, there will be no more 5k, 10k and 25k bank notes being produced but these high denominations notes will be allowed to remain in circulation for up to 2 years as they gradually withdraw them from circulation and the world bank basically saying cool let's do this. Am I right?

Edited by NextYear
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I'VE NOT YET SEEN THIS ARTICLE - WITH THIS TRANSLATION POSTED - 

 

BING TRANSLATION=

 

 

Relationship: constant dollar cash sale.. No ceilings on funds withdrawal

 

Baghdad/Amer reviver (AMER MOHI)
 

Font Size:03/03/2015 (22:09)   -   the number of readings: 281   -   number (3303)

 

The Central Bank denied Tuesday to stop selling the dollar, noting that the Bank gave the green light to a project to delete zeros from the currency, while adopting new procedures to trade in dollars, expecting the parliamentary Finance Committee's decision to return the dinar the Central decisions, strength returned to "good" because they limit smuggling currency out of the country.

 

He said the parliamentary Finance Committee decision Ahmed Hama Rashid, for "the range", that "the plan of the Central Bank abolished the auctioned daily currency and $ 75 million a day, is a good step to prevent the smuggling of foreign currency out of the country", adding that "the decision returned good benefit during this period."
 
 
Rashid said that "prices of hard currency stabilized after a few days of taking the Central Bank's decision to cancel the daily auction, and that this contributed to the strengthening of the dinar," predicting that "the coming days will see the return to power of the new dinar".
 
 
"The meeting was held between the parliamentary Finance Committee, the Central Bank and discussed many issues including the issue of daily auction for currency and strengthen the Iraqi currency", pointing to "a temporary mini Financial Committee to discuss the latest developments with the Central Bank through the hosting relationship."
 
 
The Bank Governor said the relationship during a press conference held at the Bank building in the Jadiriyah district of Baghdad, "the Central Bank went to the new mechanisms on window selling the currency after studying extensively the already affected in one way or another on the market because they carry with them a lot of problems, including money-laundering," pointing out that "the existing mechanism will maintain the market economy, as well as support for the dollar exchange rate for the dinar by connecting external transfers By financial deposit paid by the dealer before buying the goods and placed in banks abroad, so we do not conflict with the dollar, and the entry of the goods in whole by invoices ".
 
 
He said that "the cash sale of the dollar by selling the currency window continues and there is no interruption but it will be a new format there are ceilings for the amounts for those wishing to get a dollar."
 
 
The relationship drew attention to "the Bank going to genuinely and effectively towards the support of private banks in Iraq by persuading the Government to develop a financial deposit with the banks as well as dealing with instruments in all State services," Noting that "the Bank is now studying law and is now under
 
preparation and should be completed in the next few days will be paid to the Council of representatives for approval".
 
 
Revealed that "the deletion of zeros for the currency and had not been abolished but is now in preparation, study, at least during the next three years will be in great shape for this important administrative and financial operations cannot rush it."
 
 
The expert said the Economic Affairs Majid in an interview for "the range", to "cancel the auction currency came to regulate the sale of currency on the market, especially after the big smuggling currency out of the country after the auction opened on a daily basis", stating that "the basic problem is a paragraph in the federal budget for selling the dollar on the Central Bank's daily auction, and Central plans are good for organizing the sale of hard currency to the market."
 
 
Mock said that "the presence of hard currency by more than 150% of the domestic currency issuer which is good and indicates that Iraq will suffer from a shortage of hard currency", stating that "the existence of large amounts of dollars to the dinar against the dollar strengthens and regulates the sale of currency". The CBI, denied Tuesday, closing a window selling the currency and take "new mechanisms for selling the dollar."
 
 
The parliamentary Finance Committee were held (2 March 2015) meeting with the Governor of the Central Bank agency relations and Director of TBI hamdiya dry to discuss the financial situation and the question of transfers of commercial bank to Kurdistan without collateral.
 
 
She is a member of the parliamentary Finance Committee majda Al-Tamimi (2 February 2015) that high dollar exchange rate will not last long "and called for the Central Bank to use monetary tools to control the market.
 
 
The Committee expected the high exchange rate of the dollar to dinar, when you select the $ 75 million cap for auction, the Central Bank, the general budget law, and while not continuing that height long, asked the Central Bank to use monetary tools to control the market.
 
 
MP Magda El-Tamimi said the parliamentary Finance Committee predicted a rise in the dollar exchange rate dinar, when you select the $ 75 million cap for auction, the Central Bank, the general budget law ", noting that" put that paragraph to the Iraqi Central Bank sales were between 200 to 250 million dollars a day, leading to the depletion of the country's foreign exchange reserves decreased from 77 to 67 billion dollars or less.
 
 
Edited by TBomb
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I NEED TO DISCUSS THIS FURTHER WITH BUTI - SHE'S ASLEEP RIGHT NOW - SHE DID TELL ME THAT THEY'RE CHANGING THE AUCTIONS TO EVERY FIFTEEN DAYS - SO I WANT TO TALK TO HER FIRST AND THEN I'LL GET BACK TO YOU.

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Rashid said that "prices of hard currency stabilized after a few days of taking the Central Bank's decision to cancel the daily auction, and that this contributed to the strengthening of the dinar," predicting that "the coming days will see the return to power of the new dinar"

I like this paragraph  :eyebrows: 

 

Delete 2 of the three 00 and put them here - B    M

 

G B)  RI     G :peace:  RV

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Central Bank announces start implementing the deletion of zeros from currency

Published in the Economic

03 March / March 2015

[image-alnoornews332015z1] Light News / Baghdad

Iraqi Central Bank announced on Tuesday that he gave the green light to direct the implementation of the deletion of zeros from the currency, pointing out that it takes two years.

Alak said at a news conference, child "Light News," that "the file to delete the zeros of the Iraqi currency is put into effect, and the World Bank gave the green light to implement it."

He added that "the completion of administrative matters on this file will take two years," adding that "the Bank began creating models of the new currency." https://translate.google.com/translate?sl=ar&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Falnoornews.net%2Findex.php%2F2011-11-12-17-32-20%2Fitem%2F20098-%25D8%25A7%25D9%2584%25D8%25A8%25D9%2586%25D9%2583-%25D8%25A7%25D9%2584%25D9%2585%25D8%25B1%25D9%2583%25D8%25B2%25D9%258A-%25D9%258A%25D8%25B9%25D9%2584%25D9%2586-%25D8%25A7%25D9%2584%25D8%25A8%25D8%25AF%25D8%25A1-%25D8%25A8%25D8%25AA%25D9%2586%25D9%2581%25D9%258A%25D8%25B0-%25D8%25AD%25D8%25B0%25D9%2581-%25D8%25A7%25D9%2584%25D8%25A3%25D8%25B5%25D9%2581%25D8%25A7%25D8%25B1-%25D9%2585%25D9%2586-%25D8%25A7%25D9%2584%25D8%25B9%25D9%2585%25D9%2584%25D8%25A9&edit-text=&act=url

THE WORLD BANK GUYS and GIRLS

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Launch the green light to the deletion of zeros from the Iraqi dinar
  • Agency eighth day
  • March 4, 2015, 11:48
  • No comments
  • 124 Reading
 
 BAGHDAD - ((eighth day)) Governor of the Central Bank announced on the Keywords, to delete the zeros existing project, as pointed out it was given the green light for its implementation, he stressed that this process will be preceded by regulatory and administrative operations.   And he said: "The project to delete the zeros is based was put into practice, and we gave the green light to start with," noting that "The project needs a period of time may extend to two years or more."   Keywords and added that "this process will be preceded by regulatory and administrative processes and the form in which it will start moving in," adding that "the Bank began creating currency models and training of cadres to it."   The Iraqi Central Bank announced in May 2012 that the process of deletion of zeros from the country of Iraq will be transferred to the trillions of billions, indicating that the process of replacing the currency needs to be approved by parliament.   He accused the central bank, in (12 September 2011), government agencies obstructing monetary reform and vowed to persecuting, blaming those actors responsible for exposing the financial interests of the country to danger.   It is noteworthy that some economists believe that Iraq is not ready at the moment to delete the zeros from the Iraqi dinar, pointing out that the deletion needs to security and political stability as well as the stability of the economy. ST |

http://8th-day.com/?p=98534

Edited by Butifldrm
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They just said it. Trillions to billions. You da man Yota!

 

Agreed!  Remove 3 zeros from a trillion and you get a billion.  Deleting 3 zeros gets a green light so our green light to the bank can't be far away!

 

Thanks Yota!

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