Central Bank: raise zeros from the currency Gurenaf Author conscious - Cairo Monday, July 5th, 2010 15:36

[sessi]

Hmmmm. Comments from the great and the good would be welcome.

CD Deputy Governor of the Central Bank that the process of lifting of the zeroes of the Iraqi currency require more time, being a very complex process because of the actions required by the routine, while denying any role played by this process in support of the Iraqi economy.

Ahmed Salman Jumaili: "The process of changing the Iraqi currency at present is facing more difficulties due to overlaps of Iraq's financial with the countries of the regional and global." He added that "changing the Iraqi currency at the present time did not affect the economy, Iraq, but is a matter of both administrative regulatory only." associated with changing the currency in Iraq permanently on the political situation and related major changes, when established the Iraqi state in 1921, has been coined a new currency of the Kingdom of Iraq and continued until 14 July 1958, after the announcement of the republican system has been replaced by currency Property currency of the Republic, when he fell the former regime in 2003, changed the currency bearing the image of the symbols of the former regime and issuing a new currency is traded on the market. and Jumaili "Raising the zeros of the three for the Iraqi currency will not be overnight and the situation in the country to Aithml such a change in the present time" . He pointed out that "the process of change will ensure its future, and there is no intention at the present time the central bank changed it possible in the future if needed." The CBI, with headquarters in Baghdad and has four branches in Basra and Sulaymaniyah, Irbil and Mosul, he founded the bank under the law of an independent Iraqi Central Bank of Iraq issued on 6 March 2004, and shall be responsible for the maintenance of price stability and the implementation of monetary policy, including exchange rate policies and management of foreign reserves and the issuance of currency management, as well as to regulate the banking sector.

[viper51]

Thanks for the post. Interesting to say the least.

[jnpii]

Where's the link to the article?

Sound old. No current dates in the post.

Where's the link???????

[sessi]

Sorry I do not post very often. This came from Nenosplace which is affiliated to Dinar Trade. Forgive me if it offends, but it has got today's date on it.

[jnpii]

Sorry I do not post very often. This came from Nenosplace which is affiliated to Dinar Trade. Forgive me if it offends, but it has got today's date on it.

No worries. Just post the link to the article.

Thanks

[Kimjackie]

Probably will happen. I believe they will allow the dinar to regulate itself in the market place and it will rise gradually, NO BIG RV IMO

[carlablum]

Where's the link to the article?

Sound old. No current dates in the post.

Where's the link???????

http://translate.googleusercontent.com/translate_c?hl=en&ie=UTF-8&sl=ar&tl=en&u=http://www.iraq4allnews.dk/econemy/13485-2010-07-05-12-42-00.html&prev=_t&rurl=translate.google.com&usg=ALkJrhipbOWnJr4vj8dsTJcq4v-s13V03w

http://www.iraq4allnews.dk/images/stories/2.png

[Traconesu02]

Hmmmm. Comments from the great and the good would be welcome.

CD Deputy Governor of the Central Bank that the process of lifting of the zeroes of the Iraqi currency require more time, being a very complex process because of the actions required by the routine, while denying any role played by this process in support of the Iraqi economy.

Ahmed Salman Jumaili: "The process of changing the Iraqi currency at present is facing more difficulties due to overlaps of Iraq's financial with the countries of the regional and global." He added that "changing the Iraqi currency at the present time did not affect the economy, Iraq, but is a matter of both administrative regulatory only." associated with changing the currency in Iraq permanently on the political situation and related major changes, when established the Iraqi state in 1921, has been coined a new currency of the Kingdom of Iraq and continued until 14 July 1958, after the announcement of the republican system has been replaced by currency Property currency of the Republic, when he fell the former regime in 2003, changed the currency bearing the image of the symbols of the former regime and issuing a new currency is traded on the market. and Jumaili "Raising the zeros of the three for the Iraqi currency will not be overnight and the situation in the country to Aithml such a change in the present time" . He pointed out that "the process of change will ensure its future, and there is no intention at the present time the central bank changed it possible in the future if needed." The CBI, with headquarters in Baghdad and has four branches in Basra and Sulaymaniyah, Irbil and Mosul, he founded the bank under the law of an independent Iraqi Central Bank of Iraq issued on 6 March 2004, and shall be responsible for the maintenance of price stability and the implementation of monetary policy, including exchange rate policies and management of foreign reserves and the issuance of currency management, as well as to regulate the banking sector.

Sorry this is an excert from an old news article:

Central Bank: the Iraqi currency will not change in the near future

06/25/2010 14:28

Baghdad, June 25 (Akaniwz) - The deputy governor of the central bank, said Friday that the process of lifting the zeroes of the Iraqi currency require more time, being a very complex process because of routine procedures that require, while denying any role played by this process in support of the Iraqi economy. Ahmed Salman Jumaili, told the Kurdistan News (Akaniwz) that "the process of changing the Iraqi currency at the present time is facing more difficulties because of Iraq's financial interactions with States, regional and global." "The change of the Iraqi currency at the present time did not affect the economy, Iraq, but is a matter of both administrative regulations only." Associated with changing the currency in Iraq permanently on the political situation and related major changes, when established the Iraqi state in 1921, has been coined a new currency of the Kingdom of Iraq and continued until 14 July 1958, after the announcement of the republican system has been replaced by currency Property currency of the Republic, when he fell the former regime in 2003, changed the currency bearing the image of the symbols of the former regime and issuing a new currency is traded on the market. Jumaili and that "raising the three zeroes from the Iraqi currency will not be overnight and the situation in the country to Aithml such a change in the present time." He pointed out that "the process of change will ensure its future, and there is no intention at the present time the central bank changed it possible in the future if necessary." The CBI, with headquarters in Baghdad and has four branches in Basra and Sulaymaniyah, Irbil and Mosul, he founded the bank independent Iraqi under the law of the Iraqi Central Bank of 6 March 2004, and shall be responsible for the maintenance of price stability and the implementation of monetary policy, including exchange rate policies and management foreign reserves and the issuance of currency management, as well as to regulate the banking sector. (Akaniwz c) m 25/06/2010

http://translate.goo...oogle.com&twu=1

[keepmwlknfny]

Its just stating that IF they implement this plan to remove the three zeros it will take time because it is no easy task to complete.....but from what Ali and what Warka has stated there has been no talks to them of doing this.....so until there is actual contact from CBI to Ali and to Warka about this decision, its not valid and its simply just an idea on the books....nothing more.....

[Doc31]

Its just stating that IF they implement this plan to remove the three zeros it will take time because it is no easy task to complete.....but from what Ali and what Warka has stated there has been no talks to them of doing this.....so until there is actual contact from CBI to Ali and to Warka about this decision, its not valid and its simply just an idea on the books....nothing more.....

Ditto

[Trimark]

Sessi - Even though the article turned out to be an old one, please don't let that stop you from posting more. It was nice of you to post it for us.

[EBJNYC]

Hmmmm. Comments from the great and the good would be welcome.

CD Deputy Governor of the Central Bank that the process of lifting of the zeroes of the Iraqi currency require more time, being a very complex process because of the actions required by the routine, while denying any role played by this process in support of the Iraqi economy.

Ahmed Salman Jumaili: "The process of changing the Iraqi currency at present is facing more difficulties due to overlaps of Iraq's financial with the countries of the regional and global." He added that "changing the Iraqi currency at the present time did not affect the economy, Iraq, but is a matter of both administrative regulatory only." associated with changing the currency in Iraq permanently on the political situation and related major changes, when established the Iraqi state in 1921, has been coined a new currency of the Kingdom of Iraq and continued until 14 July 1958, after the announcement of the republican system has been replaced by currency Property currency of the Republic, when he fell the former regime in 2003, changed the currency bearing the image of the symbols of the former regime and issuing a new currency is traded on the market. and Jumaili "Raising the zeros of the three for the Iraqi currency will not be overnight and the situation in the country to Aithml such a change in the present time" . He pointed out that "the process of change will ensure its future, and there is no intention at the present time the central bank changed it possible in the future if needed." The CBI, with headquarters in Baghdad and has four branches in Basra and Sulaymaniyah, Irbil and Mosul, he founded the bank under the law of an independent Iraqi Central Bank of Iraq issued on 6 March 2004, and shall be responsible for the maintenance of price stability and the implementation of monetary policy, including exchange rate policies and management of foreign reserves and the issuance of currency management, as well as to regulate the banking sector.

The ONLY way the currency ISSUE can be dealt with is by DELETING THE ZEROES OFF THE EXCHANGE RATE ONLY -- NOT THE CURRENCY. The "Powers That Be" planned this whole currency THINGY way before the invasion. "Give Me Control Over a Nations Currency -- and I Care Not Who Writes Its' Laws --- N. Rothschild. The Rothschilds don't mind us small speculators compared to the HUGE PROFIT they'll make off the dinar --- However you better know how to protect once its RV's -- cause they'll (Rothschilds) will TAKE IT AWAY --- JUST LIKE YOU GOT IT !!

Edited July 6, 2010 by EBJNYC