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The Central bank: the project to delete the zeros will be applied beginning of the year 2017

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The central bank project to delete the zeros will be implemented in early 2017
Last updated 10/11/2016
And independent Iraqi news agency and /. X
 The governor of the Iraqi Central Bank, on Thursday, said the project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project.
Keywords and said that " the goal of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency," returned him as "that strategic project will serve the country 's economy."
he added that " the Bank is working on the mechanisms in place towards the implementation of this project is expected to commence by the beginning of 2017 , " noting that " the central bank began the first steps of the project through the selection of designs, companies and the country that will be done Print currencies. "
He noted that" the introduction of new currency does not mean the destruction of ancient coins , but it will continue to trade to about ten years , "pointing out that" this period will enable the central bank to withdraw the old currency in accordance with the mechanics will maintain market liquidity. "
Finance Committee and was in former House revealed, (2013 August 15), the postponement of the process of removing zeros from the currency until after the next parliamentary elections, while confirming that the government is demanding guarantees for non - substituent currency back to the markets and forge.
the Central Bank of Iraq confirmed, in the (April 25, 2013 ), that there is no intention at the moment to restructure the currency and delete the three zeroes of them, denying the reports in this regard. it is
note worthy that the General Secretariat of the Council of Ministers announced (April 12, 2012), for the patient in the application process of deletion of zeros from the national currency, which had to be stop all procedures related to the transaction mentioned until further notice. It is
noteworthy that some economists believe that Iraq is not formatted for the time being to delete the zeros from the dinar, pointing out that the deletion needs to be a security and political stability as well as economic stability.
 
 
 
 
The Central bank: the project to delete the zeros will be applied beginning of the year 2017
Tomorrow Press / BAGHDAD:
The governor of the Iraqi Central Bank, on Thursday, that the project to delete the zeros will be implemented in early 2017, indicating that the Bank embarked on the development of the first steps of the project. Keywords and said for “tomorrow Press”, “The goal of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency “, he returned him as” that strategic project will serve the country’s economy. ”
He added that “the Bank is working on the mechanisms used to implement this project is expected to start by the beginning of 2017,” noting that “the central bank began the first steps for the project through the selection of designs, companies and the country that will be done printed currencies “. He pointed out that “the introduction of new currency does not mean the destruction of the old currencies, but it will continue to trade to about ten years,” pointing out that “this period will enable the central bank to withdraw the old currency in accordance with the mechanisms will maintain market liquidity. ”
The Finance Committee in the House of Representatives earlier revealed, (August 15, 2013), the postponement of the process of removing zeros from the currency until after the next parliamentary elections, while confirming that the government is demanding guarantees for non-substituent currency return to markets and forgery. The Central Bank of Iraq confirmed, in the (April 25, 2013), that there is no intention at this time to restructure the currency and delete the three zeroes of them, denying the reports in this regard. It is noteworthy that the General Secretariat of the Council of Ministers announced (April 12, 2012), for the wait in the application of the process of deletion of zeros from the national currency and that require action to stop all associated with the operation mentioned until further notice. It is noteworthy that some economists believe that Iraq is not formatted for the time being for the deletion of zeros from the dinar, pointing out that the deletion needs to be a security and political stability as well economic stability.
 
Alghadpress.com
Edited by newbieDA
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1 hour ago, newbieDA said:
 " the Bank is working on the mechanisms in place towards the implementation of this project is expected to commence by the beginning of 2017 "

I like that part. I take it to mean before 2017. I sure hope so...soon !!

Thanks for posting newbieDA.

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He pointed out that “the introduction of new currency does not mean the destruction of the old currencies, but it will continue to trade to about ten years,” pointing out that “this period will enable the central bank to withdraw the old currency in accordance with the mechanisms will maintain market liquidity. ”

This is the key statement that keeps my hope alive.

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Thanks newbieDA, if this is the case we are home free. I just find it hard to believe that they would just announce something of this caliber (rumor or not).  I'm very sure over the next while we are going to see very contradicting information and this roller coaster ride will have more loops in it then ever before. 

DV, by far, the most grounded, informative, professional site on the net. Honored to be here :tiphat:

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2 minutes ago, Wiljor said:

Thanks newbieDA, if this is the case we are home free. I just find it hard to believe that they would just announce something of this caliber (rumor or not).  I'm very sure over the next while we are going to see very contradicting information and this roller coaster ride will have more loops in it then ever before. 

DV, by far, the most grounded, informative, professional site on the net. Honored to be here :tiphat:

Agreed on all counts, Wiljor.

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http://www.ina-iraq.net/content.php?id=27583

 



And independent Iraqi news agency and /. X 

 The governor of the Iraqi Central Bank, on Thursday, said the project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project. 

Keywords and said that " the goal of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency," returned him as "that strategic project will serve thecountry 's economy." 

he added that " the Bank is working on the mechanisms in place towards the implementation of this project is expected to commence by the beginning of 2017 , " noting that " the central bank began thefirst steps of the project through the selection of designs, companies and the country that will be done Print currencies. " 

He noted that" the introduction of new currency does not mean the destruction of ancient coins , but it will continue to trade to about ten years , "pointing out that" this period will enable the central bank to withdraw the old currency in accordance with the mechanics will maintain market liquidity. " 

Finance Committee and was in former House revealed, (2013 August 15), the postponement of theprocess of removing zeros from the currency until after the next parliamentary elections, while confirming that the government is demanding guarantees for non - substituent currency back to themarkets and forge. 

the Central Bank of Iraq confirmed, in the (April 25, 2013 ), that there is no intention at the moment to restructure the currency and delete the three zeroes of them, denying the reports in this regard. it is 

noteworthy that the General Secretariat of the Council of Ministers announced (April 12, 2012), for thepatient in the application process of deletion of zeros from the national currency, which had to be stop all procedures related to the transaction mentioned until further notice. It is 

noteworthy that some economists believe that Iraq is not formatted for the time being to delete the zeros from the dinar, pointing out that the deletion needs to be a security and political stability as well as

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4 minutes ago, Bama Girl said:

Agree, this is the only way to survive this ride. :praying:

Yeah, what else can you do? Unfortunately the excitement of it all is long gone - they love to talk but don't implement. HOPE 2017 is our year though. :confused2:

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I doubt that they would give any heads up to any possible revaluation/reveal ....

 

I mean come on seriously...

 

Would happen well before said events...

 

Remember the rich want to keep us begging for Penny's

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43 minutes ago, Gypsygirl11 said:

We shall see when 2017 rolls around.....  :rocking-chair:

Agreed and unlike other years a lot of things are in place for it to happen that weren't before.

 

6 minutes ago, Officiallytook said:

I doubt that they would give any heads up to any possible revaluation/reveal ....

 

I mean come on seriously...

 

Would happen well before said events...

 

Remember the rich want to keep us begging for Penny's

Well, this isn't the first time a 2017 target date was given. There have been a few articles that dropped this date down over the few years.

Edited by NextYear
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8 minutes ago, NextYear said:

Agreed and unlike other years a lot of things are in place for it to happen that weren't before.

 

Well, this isn't the first time a 2017 target date was given. There have been a few articles that dropped this date down over the few years.

Numerically 2017 when added up becomes a number 1 - which means the beginning of a new cycle.......Lord, Im ready for a great new cycle!!!!!    Trump as President and money in the bank sounds like a good start to me.

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