Central Bank confirms its willingness to delete the zeros from the currency after the formation of the government directly

[DinarTaino]

<font size="3"><span id="result_box" class="long_text">Not sure if this was posted earlier, any comments about this news ?

Author: HM

Editor: SS | MF

Tuesday, 14 September 2010 07:24 GMT

11199 http://www.alsumarianews.com/ NewsDetails

Alsumaria News / Baghdad

The Central Bank of Iraq, on Tuesday, his willingness to delete the zeros of the Iraqi currency after the formation of the Iraqi government directly, pointing at the same time that those zeros that are added to the Iraqi currency during the last period formed a cluster of large cash amounted to 27 trillion Iraqi dinars.

Sorry, here it is again.....

<font size="4"><span id="result_box" class="long_text">Author: HM

Editor: SS | MF

Tuesday, 14 September 2010 07:24 GMT

11199 http://www.alsumarianews.com/ NewsDetails

Alsumaria News / Baghdad

The Central Bank of Iraq, on Tuesday, his willingness to delete the zeros of the Iraqi currency after the formation of the Iraqi government directly, pointing at the same time that those zeros that are added to the Iraqi currency during the last period formed a cluster of large cash amounted to 27 trillion Iraqi dinars.

[dlbfilm]

We will all know the real answer shortly....

[mrref]

"]CBI going to take the zero's off, CBI will not take the zero's, CBI going to take the zero's off, CBI will not take the zero's off. Do you relaize how many times CBI is or will not take the zero's off has been stated, Way to many times for me to remember. CBI is just like the rest of these marons playing mind games.. [/b]

[quadraph0nic]

let me you Maximus,

Central Bank confirms its willingness to delete the zeros from the currency after the formation of the government directly

الكاتب: HM Author: HM

المحرر: SS | MF Editor: SS | MF

الثلاثاء 14 أيلول 2010 07:24 GMT Tuesday, 14 September 2010 07:24 GMT

11199 http://www.alsumarianews.com/ NewsDetails 11199 http://www.alsumarianews.com/ NewsDetails

السومرية نيوز/بغداد Alsumaria News / Baghdad

أكد البنك المركزي العراقي، الثلاثاء، استعداده لحذف الأصفار من العملة العراقية بعد تشكيل الحكومة العراقية مباشرة، لافتاً في الوقت نفسه إلى أن تلك الأصفار التي تمت إضافتها للعملة العراقية خلال الفترة الماضية شكلت كتلة نقدية كبيرة بلغت 27 ترليون دينار عراقي. The Central Bank of Iraq, on Tuesday, his willingness to delete the zeros of the Iraqi currency after the formation of the Iraqi government directly, pointing at the same time that those zeros that are added to the Iraqi currency during the last period formed a cluster of large cash amounted to 27 trillion Iraqi dinars.

وقال مستشار محافظ البنك المركزي العراقي مظهر محمد صالح في حديث لـ"السومرية نيوز"، إن "الأصفار التي تمت إضافتها للعملة العراقية، خلال الفترة الماضية، شكلت كتلة نقدية كبيرة بلغت أكثر من أربعة ترليون ورقة نقدية، بقيمة مالية بلغت 27 ترليون دينار عراقي، بعد أن كانت 25 مليار دينار في عام 1980"، مشيراً إلى أن "العراق غير قادر على إدارة هذه الكتلة لأنه بلد صغير حيث أن كثرة الأموال المتداولة في السوق العراقية أدت إلى حصول إرباك في التعاملات التجارية الضخمة وفي عمل المصارف". Adviser, said Iraqi Central Bank Governor appearance of Mohammed Saleh said in an interview for "Alsumaria News", "The zeros that are added to the Iraqi currency, during the last period, formed a cluster of large cash amounting to more than four trillion paper cash, financial value of 27 trillion Iraqi dinars, up from 25 billion dinars in 1980, "adding that" Iraq is not capable of managing the bloc because it is a small country where the large number of money circulating in the Iraqi market has led to a confusion in business dealings in the work of large banks. "

وقام العراق وبشكل تدريجي بإصدار أوراق نقدية جديدة بعد سنة 1991 حين بدأت العملات تشح في السوق العراق لأسباب عدة أبرزها الطلب العالي عليها لسد عمليات البيع والشراء وكذلك عمليات تهريب العملة إلى الخارج, والى شمال العراق الذي انفصل وقتها عن الإدارة المركزية، مما جعل الحكومة العراقية تجيز للبنك المركزي طبع أوراق نقدية جديدة لسد الحاجة المحلية، واستمرت عملية رفع الاصفار للدينار إلى ما بعد عام 2003 من خلال إصدار فئة نقدية تبلغ 25 ألف دينار. The Iraq and gradually issuing new banknotes after 1991 when it began currencies are scarce in the market Iraq for several reasons, notably the high demand for them to meet sales and purchases, as well as the smuggling of currency abroad, and to the north of Iraq, which split its time for the central administration, which made the Iraqi government allows Central Bank of printing new banknotes to meet local needs, and continued the process of lifting the zeroes of the dinar to the post in 2003 through the issuance of a class of cash amounting to 25 thousand dinars.

وأضاف صالح أن "البنك لديه الاستعداد الكامل لحذف الأصفار من الدينار العراقي، بمجرد تشكيل الحكومة العراقية"، مشيراً إلى أن "حذف الأصفار هي قضية وطنية وقد تحتاج إلى تشريعات خاصة، على الرغم من أن البنك المركزي العراقي يعتبر إصلاح نظام إدارة العملة من صلب عمله، وأن حذف الأصفار تعتبر من الوظائف الإستراتيجية للبنك المركزي العراقي". Saleh added that "the Bank has fully prepared to delete the zeros of the Iraqi dinar, once the Iraqi government," noting that "the deletion of zeros is a national issue and may need to special legislation, despite the fact that the Central Bank of Iraq is a reform of the currency management system from the core of his work , and delete the zeros is one of the strategic functions of the Central Bank of Iraq. "

وأشار صالح إلى أن "البنك استطاع، خلال الفترة الماضية، من خفض مستوى التضخم إلى مرتبة عشرية واحدة، بعد مرور أكثر من عشرين عاما"، مبينا أن "العراق استطاع ولأول مرة من خفض التضخم إلى 3% وهو ما يعكس نجاح سياسة العراق النقدية". Saleh pointed out that "the Bank had, during the last period, to reduce the level of inflation to the level of one decimal place, after more than twenty years," noting that "Iraq could for the first time to reduce inflation to 3%, which reflects the success of Iraq policy," monetary .

من جهته قال الخبير الاقتصادي باسم جميل أنطوان في حديث لـ"السومرية نيوز"، إن "العراق غير مهيأ في الوقت الحاضر لحذف الأصفار من الدينار العراقي"، مشيرا إلى أن "حذف الأصفار يحتاج إلى استقرار أمني وسياسي، إضافة إلى الاستقرار الاقتصادي". For his part, said the economist Bassem Jamil Antoine in an interview with "Alsumaria News," that "Iraq is not ready at the present time to delete the zeros of the Iraqi dinar," noting that "the deletion of zeros needed to stabilize the security and political, as well as economic stability."

وأضاف أنطوان أن "البنك المركزي بسعيه لحذف الأصفار من الدينار العراقي يهدف إلى إعطاء قوة معنوية وليس قوة مادية للدينار"، مبينا أن "حذف الأصفار يحتاج إلى تهيئة وتوعية ثقافية للمواطن العراقي وللسوق العراقية". Antoine said that "the central bank by attempting to delete the zeros of the Iraqi dinar is designed to give moral force, and not the material of the dinar," noting that "delete the zeros needed to create and cultural awareness for the Iraqi people and the Iraqi market."

يذكر أن البنك المركزي العراقي، ومقره الرئيسي في بغداد، لديه أربعة فروع في البصرة والسليمانية وأربيل والموصل، وأسس كبنك عراقي مستقل بموجب قانون البنك المركزي العراقي الصادر في السادس من آذار 2004، وهو مسؤول عن الحفاظ على استقرار الأسعار وتنفيذ السياسة النقدية بما فيها سياسات أسعار الصرف وإدارة الاحتياطات الأجنبية وإصدار وإدارة العملة، إضافة إلى تنظيم القطاع المصرفي. The CBI, with headquarters in Baghdad, has four branches in Basra and Sulaymaniyah, Irbil and Mosul, and founded a bank independent Iraqi under the law of the Iraqi Central Bank of the sixth of March 2004, which is responsible for maintaining price stability and the implementation of monetary policy, including policies, prices exchange and management of foreign reserves and the issuance of currency management, as well as to regulate the banking sector.

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Sounds like a lop but we have heard this from this Saleh guy before and I think he is just an "advisor"

What I want to see is CBI come out with another article disputing this.

The article bothers me a little because when I researched the lop back in feb or march, I realized that countries who redenominate usually pass legislation and notify the public before they do so for obvious reasons...

Here in this article thats what they are talking about......

With 3% inflation though, redenomination is a hyperinflation solution which this country doesnt have....

Thanks for the article Maximus

Edited September 14, 2010 by quadraph0nic

[franmike]

What this and the "sorry" post indicate is that we are all screwed with this investment--more "deadlines" that sound so good in our minds planted there by pumpers will come and go and they dealers are the ones making out like bandits in this whole scheme.

Iraq will not make garbabe collectors in Tikrit rich and they will not make us rich either--chalk up another life lesson.

[FMCC]

What this and the "sorry" post indicate is that we are all screwed with this investment--more "deadlines" that sound so good in our minds planted there by pumpers will come and go and they dealers are the ones making out like bandits in this whole scheme.

Iraq will not make garbabe collectors in Tikrit rich and they will not make us rich either--chalk up another life lesson.

The 3 zeros are for the currency of the people in Iraq. Our currency abroad will be worth the revalued rate. Why would you think that countries like China, Kuwait, Japan can revalue their currency and people got rich from that and not Iraq? I think there would be a war. Look at the amount of dinar that China and USA hold? They would never let an outside Iraq LOP happen. We continue to wait. We are already blessed. Just be thankful to God.

[Kimjackie]

What this and the "sorry" post indicate is that we are all screwed with this investment--more "deadlines" that sound so good in our minds planted there by pumpers will come and go and they dealers are the ones making out like bandits in this whole scheme.

Iraq will not make garbabe collectors in Tikrit rich and they will not make us rich either--chalk up another life lesson.

Even if they did this lop you are not screwed. One million dinar would be $3,000 if they came out at $3. Sure its not $3 million but it is $2,000 more per million then you paid. I have reservations about this happening anyway and wont sweat it til I see it with my own eyes. My dreams will just have to get much smaller if it happens.......

[kingcamera82]

anyone else find it strange that the internet was going crazy with rumors for it to happen this morning then we get an article like this indicating a lop......is big brother watching lol?

[quadraph0nic]

What this and the "sorry" post indicate is that we are all screwed with this investment--more "deadlines" that sound so good in our minds planted there by pumpers will come and go and they dealers are the ones making out like bandits in this whole scheme.

Iraq will not make garbabe collectors in Tikrit rich and they will not make us rich either--chalk up another life lesson.

Whatever, its not over yet. We speculate thats what we do!

So why don't take your negativity back and sell some of your dinars till your at a comfortable level and can handle this investment because apparently, you bought way too much.

Hows that for a life lesson?

[greebs]

FMCC-That's pure gibberish.

[franmike]

ok I get a -4 for speaking out (I do not have that much dinar) and fmcc gets a positive for an answer that does not make sense but sounds good.

That is the problem there is too much kool-aid being drunk here.

will be interesting to see further comments today since nothing happened.

[mrref]

let me you Maximus,

Central Bank confirms its willingness to delete the zeros from the currency after the formation of the government directly

الكاتب: HM Author: HM

المحرر: SS | MF Editor: SS | MF

الثلاثاء 14 أيلول 2010 07:24 GMT Tuesday, 14 September 2010 07:24 GMT

11199 http://www.alsumarianews.com/ NewsDetails 11199 http://www.alsumarianews.com/ NewsDetails

السومرية نيوز/بغداد Alsumaria News / Baghdad

أكد البنك المركزي العراقي، الثلاثاء، استعداده لحذف الأصفار من العملة العراقية بعد تشكيل الحكومة العراقية مباشرة، لافتاً في الوقت نفسه إلى أن تلك الأصفار التي تمت إضافتها للعملة العراقية خلال الفترة الماضية شكلت كتلة نقدية كبيرة بلغت 27 ترليون دينار عراقي. The Central Bank of Iraq, on Tuesday, his willingness to delete the zeros of the Iraqi currency after the formation of the Iraqi government directly, pointing at the same time that those zeros that are added to the Iraqi currency during the last period formed a cluster of large cash amounted to 27 trillion Iraqi dinars.

وقال مستشار محافظ البنك المركزي العراقي مظهر محمد صالح في حديث لـ"السومرية نيوز"، إن "الأصفار التي تمت إضافتها للعملة العراقية، خلال الفترة الماضية، شكلت كتلة نقدية كبيرة بلغت أكثر من أربعة ترليون ورقة نقدية، بقيمة مالية بلغت 27 ترليون دينار عراقي، بعد أن كانت 25 مليار دينار في عام 1980"، مشيراً إلى أن "العراق غير قادر على إدارة هذه الكتلة لأنه بلد صغير حيث أن كثرة الأموال المتداولة في السوق العراقية أدت إلى حصول إرباك في التعاملات التجارية الضخمة وفي عمل المصارف". Adviser, said Iraqi Central Bank Governor appearance of Mohammed Saleh said in an interview for "Alsumaria News", "The zeros that are added to the Iraqi currency, during the last period, formed a cluster of large cash amounting to more than four trillion paper cash, financial value of 27 trillion Iraqi dinars, up from 25 billion dinars in 1980, "adding that" Iraq is not capable of managing the bloc because it is a small country where the large number of money circulating in the Iraqi market has led to a confusion in business dealings in the work of large banks. "

وقام العراق وبشكل تدريجي بإصدار أوراق نقدية جديدة بعد سنة 1991 حين بدأت العملات تشح في السوق العراق لأسباب عدة أبرزها الطلب العالي عليها لسد عمليات البيع والشراء وكذلك عمليات تهريب العملة إلى الخارج, والى شمال العراق الذي انفصل وقتها عن الإدارة المركزية، مما جعل الحكومة العراقية تجيز للبنك المركزي طبع أوراق نقدية جديدة لسد الحاجة المحلية، واستمرت عملية رفع الاصفار للدينار إلى ما بعد عام 2003 من خلال إصدار فئة نقدية تبلغ 25 ألف دينار. The Iraq and gradually issuing new banknotes after 1991 when it began currencies are scarce in the market Iraq for several reasons, notably the high demand for them to meet sales and purchases, as well as the smuggling of currency abroad, and to the north of Iraq, which split its time for the central administration, which made the Iraqi government allows Central Bank of printing new banknotes to meet local needs, and continued the process of lifting the zeroes of the dinar to the post in 2003 through the issuance of a class of cash amounting to 25 thousand dinars.

وأضاف صالح أن "البنك لديه الاستعداد الكامل لحذف الأصفار من الدينار العراقي، بمجرد تشكيل الحكومة العراقية"، مشيراً إلى أن "حذف الأصفار هي قضية وطنية وقد تحتاج إلى تشريعات خاصة، على الرغم من أن البنك المركزي العراقي يعتبر إصلاح نظام إدارة العملة من صلب عمله، وأن حذف الأصفار تعتبر من الوظائف الإستراتيجية للبنك المركزي العراقي". Saleh added that "the Bank has fully prepared to delete the zeros of the Iraqi dinar, once the Iraqi government," noting that "the deletion of zeros is a national issue and may need to special legislation, despite the fact that the Central Bank of Iraq is a reform of the currency management system from the core of his work , and delete the zeros is one of the strategic functions of the Central Bank of Iraq. "

وأشار صالح إلى أن "البنك استطاع، خلال الفترة الماضية، من خفض مستوى التضخم إلى مرتبة عشرية واحدة، بعد مرور أكثر من عشرين عاما"، مبينا أن "العراق استطاع ولأول مرة من خفض التضخم إلى 3% وهو ما يعكس نجاح سياسة العراق النقدية". Saleh pointed out that "the Bank had, during the last period, to reduce the level of inflation to the level of one decimal place, after more than twenty years," noting that "Iraq could for the first time to reduce inflation to 3%, which reflects the success of Iraq policy," monetary .

من جهته قال الخبير الاقتصادي باسم جميل أنطوان في حديث لـ"السومرية نيوز"، إن "العراق غير مهيأ في الوقت الحاضر لحذف الأصفار من الدينار العراقي"، مشيرا إلى أن "حذف الأصفار يحتاج إلى استقرار أمني وسياسي، إضافة إلى الاستقرار الاقتصادي". For his part, said the economist Bassem Jamil Antoine in an interview with "Alsumaria News," that "Iraq is not ready at the present time to delete the zeros of the Iraqi dinar," noting that "the deletion of zeros needed to stabilize the security and political, as well as economic stability."

وأضاف أنطوان أن "البنك المركزي بسعيه لحذف الأصفار من الدينار العراقي يهدف إلى إعطاء قوة معنوية وليس قوة مادية للدينار"، مبينا أن "حذف الأصفار يحتاج إلى تهيئة وتوعية ثقافية للمواطن العراقي وللسوق العراقية". Antoine said that "the central bank by attempting to delete the zeros of the Iraqi dinar is designed to give moral force, and not the material of the dinar," noting that "delete the zeros needed to create and cultural awareness for the Iraqi people and the Iraqi market."

يذكر أن البنك المركزي العراقي، ومقره الرئيسي في بغداد، لديه أربعة فروع في البصرة والسليمانية وأربيل والموصل، وأسس كبنك عراقي مستقل بموجب قانون البنك المركزي العراقي الصادر في السادس من آذار 2004، وهو مسؤول عن الحفاظ على استقرار الأسعار وتنفيذ السياسة النقدية بما فيها سياسات أسعار الصرف وإدارة الاحتياطات الأجنبية وإصدار وإدارة العملة، إضافة إلى تنظيم القطاع المصرفي. The CBI, with headquarters in Baghdad, has four branches in Basra and Sulaymaniyah, Irbil and Mosul, and founded a bank independent Iraqi under the law of the Iraqi Central Bank of the sixth of March 2004, which is responsible for maintaining price stability and the implementation of monetary policy, including policies, prices exchange and management of foreign reserves and the issuance of currency management, as well as to regulate the banking sector.

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Sounds like a lop but we have heard this from this Saleh guy before and I think he is just an "advisor"

What I want to see is CBI come out with another article disputing this.

The article bothers me a little because when I researched the lop back in feb or march, I realized that countries who redenominate usually pass legislation and notify the public before they do so for obvious reasons...

Here in this article thats what they are talking about......

With 3% inflation though, redenomination is a hyperinflation solution which this country doesnt have....

Thanks for the article Maximus

How many times have we seen this posted??? Hog wash

[uncs]

The key to the whole puzzle is where it says AFTER the formation of government. AFTER the formation of government.

[FMCC]

FMCC-That's pure gibberish.

China, Kuwait, Japan didn't revalue their currency? And people did NOT get rich??? I guess that was gibberish.