Popular Post Butifldrm Posted April 3, 2018 Popular Post Report Share Posted April 3, 2018 Is it time to delete three zeros from the currency? Iraqi currency Reports Economy News Baghdad: The central bank submitted a project to delete three zeros of the currency, in order to confront inflation and stimulate the economy, but was forced to stop because of the deteriorating security and political situation in the country. The governor of the Central Bank, Ali al-Alaq, in a discussion session with the editors of a number of Iraqi media, including "Economy News", "The subject of deleting zeros from the currency is ready, but it needs an environment suitable to apply," noting that " To prevent manipulation and fraud by the owners of weak souls. " The central government stands with the central bank's draft to delete three zeros of the currency, because it sees it "hurt the efficiency of the system of cash payments," according to the financial adviser to the prime minister. He added, the appearance of Mohammed Saleh, in an interview, "the economy News," that "the current environment suitable for this project because there is financial and political stability witnessed by the country, especially after the salvation of the organization (da'ash)." He stressed the need not to rely on the project to support the Iraqi dinar, but "focus on the creation of all conditions that would support the Iraqi dinar and represented by political and economic stability," pointing out that "the central bank has accumulated experience in dealing with the subject." The economist said, in the name of Jamil Anton, for "Economy News", "The current environment is not suitable for the project to delete the zeros at the moment, because the security situation has not settled so far in the ideal form." He pointed out that "the project needs educational campaigns to be accepted by citizens and does not affect the movement of the market," noting that "the project has the benefits of reducing the amount of money used in deposits, which helps accountants not to fall in error in dealing with zeros in large amounts, As well as reduce the number of trustees funds and protect money from theft. " Antoine predicted that the project would be implemented after the legislative elections scheduled for next May. http://economy-news.net/content.php?id=11818 6 3 17 Link to comment Share on other sites More sharing options...
colts469 Posted April 3, 2018 Report Share Posted April 3, 2018 Just deleted some zeros out of a Krispy creme box, 11 Link to comment Share on other sites More sharing options...
slb Posted April 3, 2018 Report Share Posted April 3, 2018 3 Link to comment Share on other sites More sharing options...
justchecking123 Posted April 3, 2018 Report Share Posted April 3, 2018 Floridian will be checking in shortly. 2 1 3 Link to comment Share on other sites More sharing options...
Floridian Posted April 3, 2018 Report Share Posted April 3, 2018 58 minutes ago, justchecking123 said: Floridian will be checking in shortly. Yes, here I am and this is what I have to say about it. Educate the "vulnerable souls" right away, so that nobody takes advantage of them. We don't want to wait until May and we don't want Maliki (or any lackey of his) in power. If Abadi RVs the currency before elections, he's got a sure "win". "Antoine predicted that the project would be implemented after the legislative elections scheduled for next May" 8 Link to comment Share on other sites More sharing options...
yota691 Posted April 3, 2018 Report Share Posted April 3, 2018 Well looks like it gonna take some more time..Thanks @Butifldrm. Publication of the Budget won't change things even tho the Gurus will say the opposite...Have a Great Day everyone 2 3 4 Link to comment Share on other sites More sharing options...
ScaryMary Posted April 3, 2018 Report Share Posted April 3, 2018 But I don’t want to wait until May elections Antoine. 1 5 1 Link to comment Share on other sites More sharing options...
Floridian Posted April 3, 2018 Report Share Posted April 3, 2018 And the problem is - How we gonna pay all those new taxes that are in the budget, fellow citizens? We gonna eat less? 7 Link to comment Share on other sites More sharing options...
justchecking123 Posted April 3, 2018 Report Share Posted April 3, 2018 28 minutes ago, yota691 said: Well looks like it gonna take some more time..Thanks @Butifldrm. Publication of the Budget won't change things even tho the Gurus will say the opposite...Have a Great Day everyone Hopefully hopium inhalers read this. 2 2 2 1 Link to comment Share on other sites More sharing options...
Half Crazy Runner Posted April 3, 2018 Report Share Posted April 3, 2018 5 minutes ago, Floridian said: And the problem is - How we gonna pay all those new taxes that are in the budget, fellow citizens? We gonna eat less? I imagine they’ll be eating less sugar and honey as they are now taxed at 200% 😐 Also, it’s just this one guys opinion that it needs to wait until after the elections. You can’t give these guys an open ended time frame like that, they need a concrete deadline or they just kick it down the road month after month. 1 8 Link to comment Share on other sites More sharing options...
Floridian Posted April 3, 2018 Report Share Posted April 3, 2018 (edited) Anybody find the real estate and income taxes in the budget? This is what's really gonna hurt the people, if they don't raise the dinar rate soon. 14 new tax waiting for Iraqis with the entry into force of the budget 14:10 - 31/03/2018 0 Post it on Facebook Twitter on Twitter Information / Baghdad ... The Parliamentary Finance Committee revealed on Saturday the entry of 14 new taxes into force immediately after the publication of the budget law in the official newspaper, noting that the government has been subject to the conditions of the International Monetary Fund to impose such taxes within the budget. "With the entry into force of the budget law, 14 new taxes will come into force," Commission Rapporteur Ahmad Hama told Al-Mawloom. "The government has met the conditions set by the International Monetary Fund to impose taxes." He added that "the budget includes the imposition of 10% on goods sold in malls and shopping centers and services provided in men's and women's barbershops and all hotels, as well as 20% of the tax on the sale of phones and cards, Internet and 15% for the import of cars. "The government also imposed 12 percent as a tax on real estate and a similar percentage as income tax, in addition to imposing fees on airports, tickets for 25 thousand dinars on foreign trips and 10,000 dinars on internal tickets," he said, adding that "200% was imposed on cigarettes and honey Alcoholic beverages and 10 cents per liter of sweetened beverages. " End 25 d http://www.almaalomah.com/2018/03/31/296126/ Edited April 3, 2018 by Floridian 1 1 5 Link to comment Share on other sites More sharing options...
Starrider Posted April 3, 2018 Report Share Posted April 3, 2018 Suks to be them Starr 1 1 1 Link to comment Share on other sites More sharing options...
navira45 Posted April 3, 2018 Report Share Posted April 3, 2018 The confusion...this is so to prevent manipulation n fraud. Bump this 2 1 2 1 Link to comment Share on other sites More sharing options...
10 YEARS LATER Posted April 3, 2018 Report Share Posted April 3, 2018 At the current value of the IQD, the government will drive its people into the ground like a tent stake-yea, I know: even more so than before. Their only salvation comes with a Globally recognized currency bringing with outside investment. That and hopefully after the elections, a competent GOI:unlike the present company of baboons occupying the Parliament building. 1 5 Link to comment Share on other sites More sharing options...
navira45 Posted April 3, 2018 Report Share Posted April 3, 2018 Botswana, yup. After this publication, the iqd rate will increase and the auction sell will decrease (will decrease further to where they will introduce the lower denoms) 3 3 1 Link to comment Share on other sites More sharing options...
NEPatriotsFan1 Posted April 3, 2018 Report Share Posted April 3, 2018 1 hour ago, Half Crazy Runner said: I imagine they’ll be eating less sugar and honey as they are now taxed at 200% 😐 Also, it’s just this one guys opinion that it needs to wait until after the elections. You can’t give these guys an open ended time frame like that, they need a concrete deadline or they just kick it down the road month after month. Diabetes Drugs in country will start dropping! Quick sell shares of Iraqi Pharmaceuticals...... lol 3 Link to comment Share on other sites More sharing options...
bostonangler Posted April 3, 2018 Report Share Posted April 3, 2018 Economy News Baghdad: The central bank has submitted a project to delete three zeros of currency, with the aim of coping with inflation and revitalizing the economy, but has had to stop it because of the worsening security and political situation in the country. The governor of the central bank, Ali relationship, said in a discussion session with the editors of a number of Iraqi media, including the "Economy News", that "the theme of deleting the zeros of the coin are ready, but it needs an appropriate environment to apply it, noting that" providing the right environment contributes to preventing manipulation and fraud By the weak souls. " The central government stands with the central Bank project to delete three currency zeros, because it sees "hurt in raising the efficiency of the cash payments system", according to the financial advisor to the head of government. "The current environment is suitable for this project because there is financial and political stability in the country, especially after the salvation of Isis," said Mohammed Saleh, in an interview with the economy news. He stressed that the project should not be relied upon to support the Iraqi dinar, but rather "focus on creating all the conditions that would support the Iraqi dinar and political and economic stability, pointing out that the central bank has accumulated experience in dealing with the subject. The Economist, in the name of Jamil Anton, told the "Economy News", "the current environment is inappropriate for the current zeros project, because the security situation has not yet stabilized in perfect form." "The project needs educational campaigns to be accepted by citizens and does not affect market traffic," he said, stating that "the project has the benefits of reducing the amount of money used in deposits, which helps accountants not to make mistakes in dealing with zeros in the amounts. Large, as well as reduce the number of fund secretaries and protect money from theft. " Antoine predicted that the project would be implemented after the legislative elections scheduled for next May. Total No. 2318 Date of additional 03/04/2018 http://economy-news.net/content.php?id=11818 B/A 1 9 Link to comment Share on other sites More sharing options...
juliebug Posted April 3, 2018 Report Share Posted April 3, 2018 I'm soooo ready! Probably waiting for the 90 days of compliance with the spread. Maybe mid-June??? Let's hope!!! 1 Link to comment Share on other sites More sharing options...
jeepguy Posted April 3, 2018 Report Share Posted April 3, 2018 o kay this is the 2 nd time we have read or witnessed , this topic and type of post ----> in Iraqi time space and daily ways , 1 more time with this delete the zero`s and same wording from central bank is usually the " go time " for the process to start ... { the reason I say 3 times , is the way the budget has been presented in the past , they talk it to death and post it usually 3 times in the articles and it gets done in the next time frame , or it seems to be the structure of Iraqi information } and this number 2 was in a 3 day span , next week will be exciting in the news area I bet ! ( or I hope so ) 1 1 1 3 Link to comment Share on other sites More sharing options...
OldSailor Posted April 3, 2018 Report Share Posted April 3, 2018 So this looks like "a hold your breath" update..... 2 1 1 2 Link to comment Share on other sites More sharing options...
mr.unlikely Posted April 3, 2018 Report Share Posted April 3, 2018 (edited) Antione Jamil is obviously from the Maliki camp. Cause like what, there is not enough security and stability now, but there will be after the elections? Yeah, right! Let's see Ali Al Alak and Mohamed Sales are both saying the time is suitable NOW. So for me, I think that I will take central bank governors and deputy governors for 20,000,000.00 Alex! Edited April 3, 2018 by mr.unlikely 1 1 1 3 Link to comment Share on other sites More sharing options...
10 YEARS LATER Posted April 3, 2018 Report Share Posted April 3, 2018 (edited) So AFTER & NOT BEFORE ? BS or “ da TROOTH “ . . . Enquiering minds would like to know. I suspect we’ve not seen the last of these types of articles. If it’s after this is gonna take a while - you would think before the elections would make sense in clinching the elections for Abadi & crew —— but this is Iraq after all. Slow as molasses in January. stay tuned kids “ As the World Turns in Iraq “ soap opera is being renewed for another season. Oy. vey or not . . . Edited April 3, 2018 by 10 YEARS LATER 2 1 3 2 Link to comment Share on other sites More sharing options...
mr.unlikely Posted April 3, 2018 Report Share Posted April 3, 2018 1 minute ago, 10 YEARS LATER said: So AFTER & NOT BEFORE ? BS or “ da TROOTH “ . . . Enquiering minds would like to know. I suspect we’ve not seen the last of these types of articles. If it’s after this is gonna take a while - you would think before the elections would make sense in clinching the elections for Abadi & crew —— but this is Iraq after all. Slow as molasses in January. stay tuned kids “ As the World Turns in Iraq “ soap opera is being renewed for another season. Oy. vey or not . . . Ten you forgot to add that the molasses is traveling uphill in a snowstorm against a strong headwind. 2 6 Link to comment Share on other sites More sharing options...
jeepguy Posted April 3, 2018 Report Share Posted April 3, 2018 You are right , 10 years ,. They can just pause at any time.... And another thing you mentioned " they could be setting up a smoke screen , for the common Iraq , get those dinar in ... 3 Link to comment Share on other sites More sharing options...
Floridian Posted April 3, 2018 Report Share Posted April 3, 2018 My God! These people have to be the most aggravating people in the world. Their news articles say one thing today and the opposite tomorrow. Their parliament are crooks and don't want to work. I could make this list 10 miles long, if I think about it long enough. Sooooooo different from the rest of civilization. Hopefully, with the advent of internet, cellphones, etc. the younger generation will see what the rest of the world is like and won't stand for what previous generations have tolerated. 2 1 7 2 Link to comment Share on other sites More sharing options...
Recommended Posts