CBI Passed Plan To Remove Zeros!

[onerighthand]

greebs, Why are you here, wasting your time? Let me guess, just trying to save some poor souls from ourselves? I am curious as to why our government would pass a law that actually allowed its citizens to purchase this currency if it was such a "scam"? I'll wait for your answer.

I can answer for him/her

My reputation precedes me. Really! check it out.

I am here to bring cheer and good will to all that read my words and pass on a sense of positive Karma OR I just do not know what the heck I am saying!

[hspotman]

Why are you here, wasting your time? Let me guess, just trying to save some poor souls from ourselves? I am curious as to why our government would pass a law that actually allowed its citizens to purchase this currency if it was such a "scam"? I'll wait for your answer.

Seriously DR, why do these guys try and bring us down? Like we don't have a hard enough time "waiting" for this to happen(within a weeks time now let's hope). Is he looking for one of us to take him in our arms and say," it's ok little boy, you'll be alright.Nothing's gonna hurt you......"

[paramedic_usa]

To all the peeps that say the people in IRAQ get nothing out of this. What makes you so sure they are not turning in all the US dollars for dinars? Just something to think about.

[JugDawg1]

Seriously DR, why do these guys try and bring us down? Like we don't have a hard enough time "waiting" for this to happen(within a weeks time now let's hope). Is he looking for one of us to take him in our arms and say," it's ok little boy, you'll be alright.Nothing's gonna hurt you......"

Shine em on when they talk the smug talk.

Edited October 11, 2010 by JugDawg1

[Jerrial]

An Iraqi official announced the adoption of a new strategy intended to raise the value of the Iraqi dinar against foreign currencies.

2010/9/10

The chancellor said the Central Bank of the appearance of Dr. Mohammed Saleh in a statement: "I've been working for years to improve the value of the Iraqi dinar exchange, and was taking several measures until we came to the stability of its value at 1170 dinars to the dollar."

He explained that he had talked with some fluctuations up and down according to the impact of the overall situation in Iraq in the absence of stability.

Reform Progress

He disclosed that the new strategy has begun the reform of management system of the national currency and payment system of Iraq, said that this will be the basis in the application of Istratejp to reform the currency. The Iraqi official was likely that these steps will take a year or more.

On the zeros added in the Iraqi currency, which made the value of the disbursement of land, Saleh said that the zeros added that high inflation rates since the Iran-Iraq war and the subsequent siege and invasion, and thus doubled the cash block several times.

In 1990, the cash block of 28 billion dinars, and became a six trillion dinars in 2003, and now stands at 25 trillion dinars. He said that this has become necessary to change the payment system because of the Iraqi economy on the verge of developing and producing oil major which leads to a large expenditure.

According to the adviser at the CBI, the new strategy will transform the current monetary mass (25 trillion dinars) to $ 15 billion through the adoption of coins and the smaller Iraqi currency.

And the ability to withstand the Iraqi dinar against foreign currencies, Saleh said that "the Iraqi economy is strong and has great resources to qualify to stand in front of foreign exchange if there are economic and monetary policy is correct, and political and economic stability and security." He expressed optimism that the Iraqi economy will recover, which is reflected in the rise of the dinar against foreign currencies.

Relative stability

For his part, said a banking expert, Mohammed al-Samarrai said the Iraqi dinar is witnessing a relatively stable for the time being, and security conditions influenced the rise and a slight decrease is not as great as in the past.

He assured the island revealed that the dinar is witnessing now balanced and influenced by a simple economic decisions and the political right in the exchange rate, no prejudice was balanced.

He hoped that the high value if foreign investors have entered the Iraqi market, or if there is openness towards the private sector. He called Samurai to the reconstruction of the many industrial projects that have been stalled as a result of the blockade and invasion which led to the destruction of industrial facilities equipment.

He pointed to the neglect of a giant 36 factories in the past seven years. And the actions necessary to raise the value of the dinar against foreign currencies, "said Samarrai, including the stability of security and political situation, and make decisions and laws that encourage the private sector and supported by, and encourage the entry of foreign and domestic investment, and encourage the return of talent to rebuild it.

Surplus oil

The Iraqi banking expert Mohamed Kamel Hussein said that there was a perception among the Iraqi Central Bank to raise three zeroes from the value of the dinar, by issuing a new currency to improve its value.

However, he believed that the lifting of the three zeros will not change anything because the factors affecting the exchange of the dinar against foreign currency depends on the surplus that is supplied by oil revenues.

And provides lift the productive capacity of large oil revenues diminish the value of inflation, and thus raise the value of the dinar by providing a surplus of foreign currency.

The exchange value of the Iraqi dinar was the strongest region in the late seventies of the last century, but began to decline during the Iran-Iraq war before it could hit the siege.

Have fallen to their lowest levels during the U.S. invasion in 2003, amounting to U.S. dollar exchange rate four thousand Iraqi dinars.

http://www.alaalem.com/index.php?aa=news&id22=6468

__________________

[Nova]

As we have read before in other articles from the CBI this has been under study for years and one of the last things we had from the CBI on this was that the decision was made and that they were waiting on the seating of the GOI before moving forward.

So this has been settled for quite sometime and we have all been waiting on the seating of the CBI.

I put forward in my last update the speculation that the delay was done by design to allow the US government and other governments time to put in place laws and or other reforms that would be needed to help control the proceeds and taxes forth coming from this "event'.

IMHO

Phoenix

Thanks for the response.......

[scotty1967]

In other words a LOP. Exactly what everyone has been telling us but nobody wants the hear.

Are you trying to catch up to me in the negs? lol If you say anything here that might make sence they will kill you with the negs. Dont believe me? look at my profile bro.lol

[radar47]

I hope we are moving in the right direction. GO RV!!!

[kamm]

Well, then that would make me almost all long term cap gains

Me Too hspotman. But I or we cant last another 7 months. Steve

[cgbrown]

An Iraqi official announced the adoption of a new strategy intended to raise the value of the Iraqi dinar against foreign currencies.

2010/9/10

The chancellor said the Central Bank of the appearance of Dr. Mohammed Saleh in a statement: "I've been working for years to improve the value of the Iraqi dinar exchange, and was taking several measures until we came to the stability of its value at 1170 dinars to the dollar."

He explained that he had talked with some fluctuations up and down according to the impact of the overall situation in Iraq in the absence of stability.

Reform Progress

He disclosed that the new strategy has begun the reform of management system of the national currency and payment system of Iraq, said that this will be the basis in the application of Istratejp to reform the currency. The Iraqi official was likely that these steps will take a year or more.

On the zeros added in the Iraqi currency, which made the value of the disbursement of land, Saleh said that the zeros added that high inflation rates since the Iran-Iraq war and the subsequent siege and invasion, and thus doubled the cash block several times.

In 1990, the cash block of 28 billion dinars, and became a six trillion dinars in 2003, and now stands at 25 trillion dinars. He said that this has become necessary to change the payment system because of the Iraqi economy on the verge of developing and producing oil major which leads to a large expenditure.

According to the adviser at the CBI, the new strategy will transform the current monetary mass (25 trillion dinars) to $ 15 billion through the adoption of coins and the smaller Iraqi currency.

And the ability to withstand the Iraqi dinar against foreign currencies, Saleh said that "the Iraqi economy is strong and has great resources to qualify to stand in front of foreign exchange if there are economic and monetary policy is correct, and political and economic stability and security." He expressed optimism that the Iraqi economy will recover, which is reflected in the rise of the dinar against foreign currencies.

Relative stability

For his part, said a banking expert, Mohammed al-Samarrai said the Iraqi dinar is witnessing a relatively stable for the time being, and security conditions influenced the rise and a slight decrease is not as great as in the past.

He assured the island revealed that the dinar is witnessing now balanced and influenced by a simple economic decisions and the political right in the exchange rate, no prejudice was balanced.

He hoped that the high value if foreign investors have entered the Iraqi market, or if there is openness towards the private sector. He called Samurai to the reconstruction of the many industrial projects that have been stalled as a result of the blockade and invasion which led to the destruction of industrial facilities equipment.

He pointed to the neglect of a giant 36 factories in the past seven years. And the actions necessary to raise the value of the dinar against foreign currencies, "said Samarrai, including the stability of security and political situation, and make decisions and laws that encourage the private sector and supported by, and encourage the entry of foreign and domestic investment, and encourage the return of talent to rebuild it.

Surplus oil

The Iraqi banking expert Mohamed Kamel Hussein said that there was a perception among the Iraqi Central Bank to raise three zeroes from the value of the dinar, by issuing a new currency to improve its value.

However, he believed that the lifting of the three zeros will not change anything because the factors affecting the exchange of the dinar against foreign currency depends on the surplus that is supplied by oil revenues.

And provides lift the productive capacity of large oil revenues diminish the value of inflation, and thus raise the value of the dinar by providing a surplus of foreign currency.

The exchange value of the Iraqi dinar was the strongest region in the late seventies of the last century, but began to decline during the Iran-Iraq war before it could hit the siege.

Have fallen to their lowest levels during the U.S. invasion in 2003, amounting to U.S. dollar exchange rate four thousand Iraqi dinars.

This has been posted before. But keep trying you will find something useful eventually.

[gfulcher66]

Well, Well, Phoenix..........I am buying another million Dinar today after praying over it this wknd and reading your posts!

I am hoping my Seychelles corp gets set up in time! Do you think its important to cash out ASAP? I would perfer to get it set up first and cash in a couple wks later but would hate to ruin this opportunity.

Thanks for all you do!