johnfagan Posted October 27, 2010 Report Share Posted October 27, 2010 The Ministry of Finance is reducing reserves from 20% to 15%, whilst the central bank is responsible for maintaining price stability - which is not so easy when the government is spending money – and for implementation of monetary policy, including exchange-rate policy and managing foreign reserves, and regulating the banking sector. Reports that the central bank will be removing three zeros from the currency have been denied – though doing so wouldn’t cause, or prevent, further inflation. The central bank reports that core inflation is just 1.9%. Core inflation excludes fuel expenditure. Source: Iraq Business News Link to comment Share on other sites More sharing options...
SteveI Posted October 27, 2010 Report Share Posted October 27, 2010 The Ministry of Finance is reducing reserves from 20% to 15%, whilst the central bank is responsible for maintaining price stability - which is not so easy when the government is spending money – and for implementation of monetary policy, including exchange-rate policy and managing foreign reserves, and regulating the banking sector. Reports that the central bank will be removing three zeros from the currency have been denied – though doing so wouldn’t cause, or prevent, further inflation. The central bank reports that core inflation is just 1.9%. Core inflation excludes fuel expenditure. Source: Iraq Business News Link please? 1 Link to comment Share on other sites More sharing options...
johnfagan Posted October 27, 2010 Author Report Share Posted October 27, 2010 Sorry.......http://www.dinarbanker.com/2010-iraqi-dinar-news/removal-of-3-zeros-denied.html Link to comment Share on other sites More sharing options...
mrref Posted October 27, 2010 Report Share Posted October 27, 2010 The Ministry of Finance is reducing reserves from 20% to 15%, whilst the central bank is responsible for maintaining price stability - which is not so easy when the government is spending money – and for implementation of monetary policy, including exchange-rate policy and managing foreign reserves, and regulating the banking sector. Reports that the central bank will be removing three zeros from the currency have been denied – though doing so wouldn’t cause, or prevent, further inflation. The central bank reports that core inflation is just 1.9%. Core inflation excludes fuel expenditure. Source: Iraq Business News I've been in this investment for 7 years now and do you want to know how many times the zero's has been taken off and put back on, heck I lost count but its been a lot. So don't believe every thing that you read. Just a little of word of advise. Link to comment Share on other sites More sharing options...
bowling4dinars Posted October 27, 2010 Report Share Posted October 27, 2010 stand by for total conflicting report. Link to comment Share on other sites More sharing options...
SteveI Posted October 27, 2010 Report Share Posted October 27, 2010 I've been in this investment for 7 years now and do you want to know how many times the zero's has been taken off and put back on, heck I lost count but its been a lot. So don't believe every thing that you read. Just a little of word of advise. AMEN to that statement. Is it, is it not, is it, is it not. God Bless all of you who invested in this country. Be patient as it will unfold at some point. The harder you wish for it, the more agony and frustrated you are. Link to comment Share on other sites More sharing options...
All-In-4-RV Posted October 27, 2010 Report Share Posted October 27, 2010 (edited) This artical sounds as if it was an intentionally published or even republished just to screw with us peeps! Forget about it... It almost makes me happy to see this BS all over the news.... It means our RV is Coming! Yeah Baby! Edited October 27, 2010 by All-In-4-RV Link to comment Share on other sites More sharing options...
I AM WEASEL!!! Posted October 27, 2010 Report Share Posted October 27, 2010 ive been here about 2 weeks and i gotta applaud all of you who have been here 5+yrs dealing with this BS...it is nice to have those that have paved a way through the BS...thus giving a newb like me confidence to listen to good ol common sense.Thank You all for your exp. Link to comment Share on other sites More sharing options...
Nelson0528 Posted October 27, 2010 Report Share Posted October 27, 2010 (edited) The CBI must have this information on a continuous loop. This is the second or third time these exact words have resurfaced in the last couple of months. At least they are consistent! - GO RV !!!!! Edited October 27, 2010 by Nelson0528 Link to comment Share on other sites More sharing options...
RiverStyx Posted October 27, 2010 Report Share Posted October 27, 2010 Plus it was not from a news media or the CBI:o 1 Link to comment Share on other sites More sharing options...
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