good dinar article

[sonny1]

Restructuring of the Iraqi currency without issuance of new categories

Posted 05/01/2011 12:00 PM

Baghdad (Alaa Youssef):

denied the Iraqi Central Bank Consultant Dr. Mohammad Saleh appearance of press reports that the Iraqi version of a new class of Iraqi currency worth one hundred thousand dinars, indicating that this is not the Central Bank programs.

He said that the central bank is considering the restructuring of the currency in terms of specifications and forms, not including the issuance of such a category,

where it is currently thought to reduce the zeros in the Iraqi currency, and not increase as stated in the news.

And saw the Iraqi currency inflation significantly after the first Gulf War in 1991, and the deterioration of Iraqi dinar exchange rate for up to three thousand dinars per U.S. dollar.

Apparent contradiction

The expert considers economic, financial and managing director of the Iraqi Islamic Bank as Kamal Mehdi,

the draft version of the paper reviews a class of one hundred thousand dinars, contrasts with the project raise zeros from the Iraqi currency.

He added that what is subtracted from

the issuance of such category of currency will increase the volume of currency inflation, and inflation zeros in the currency, and this leads to a decrease in price.

He stressed that the Association of Iraqi banks and bankers, some Iraqis did not support the well-known version of the currency of this category and that the central bank linger on this subject.

And the reflection of this project on the Iraqi currency Mahdi says, it will increase the degradation and decline in market disbursement, and calls for reducing the zeros for the purpose of raising the value of the Iraqi currency against foreign currencies.

Correct decision

And supports the financial and economic expert and director of the Warka Bank Muhammad al-Samarrai version of such a category, pointing out that the correct decision and the Iraqi economy is needed for some time.

He said the island revealed that the Iraqi economy witnessed a version of a new currency after 2003, and became a need to reduce the vast amount of paper currency issued during the recent years.

He adds that the issuance of currency greater value will be an important factor, especially in banks and cash dealers mass of banking companies, traders and even citizens.

And confirms that the effect is not al-Samarrai domain only economic, but the process of facilitating the circulation of cash and reduction of the currency and give more prestige to the Iraqi banknote, especially that there is a trend for the next phase after obtaining the financial and economic stability and even the political situation in the country.

He points out that there is an urgent need to initiate steps, to precede the process of lifting the zeros from the issuance of currency in terms of size the largest value and the creation of other circumstances relating to the general situation of the State

http://translate.goo....ww.babnews.com

as some already know, and some wont believe the rv process has started. when large notes are working there way back to the banks they are not going back out. there is a contractor over there that we talk to, and he says that when you go to the market now all change is coming back in 50 and 500 dinar notes, not 25,000-10,000-5,000-1000 being given back in change, and when the contractors are being paid they run there @sses off to go and get dinar, dealers over here may still have 25,000 notes but they are reserves that they still have......... we arent far off from the rv, they are cash starving there people, and making them use large amounts of paper currency to buy things, a new rate isnt far behind.....

[ThePeoplesChamp]

Thank you Sonny1.

I just wanted to say thanks for the intel you bring to us here at DV. The last topic of your chat was locked before I could post there but just wanted to let you know your imput is a pleasure to read.

Thank you!

TPC

[lechesuerte]

Thanks Sonny! GO RV !!!

[caz1104]

Thanks for the article Sonny1. Also thank you for the FREE info/intel you provide,I greatly appreciate it & you.................................GO RV 2011 BABY!!!!!!!

[Bucko]

so sonny, whats your take on the article?

[Sk 1962]

Thank you Sonny!

There are a lot of bad eggs on this forum, but most us - 99% of us really value your input on this crazy investment

GOOOOOOOOOOOOOOOO RRRRRRRRRRRRRVVVVVVVVVVVV

[Liljohn]

SONNY, MOST OF US REALLY APPRECIATE WHAT YOU DO, THANKS.

[florida42]

thanks sony.....looks like things are starting to happen.. great intel :D

[SFlorida]

Appreciate your post it has tremendous valued coming from you! Happy New Year.....

[Unitedrich]

Thank you Sonny!

There are a lot of bad eggs on this forum, but most us - 99% of us really value your input on this crazy investment

GOOOOOOOOOOOOOOOO RRRRRRRRRRRRRVVVVVVVVVVVV

Sonny1,

Would like to echo that. The vast majority, although unheard sometimes, really appreciate all of your input.

Thanks! UR

[gwright]

WoooooHoooo...there's our sonny...not here much anymore working my tail off..but sonny always appreciate your info...I'll stick with the best(sonny) to he.. with the rest! GW

[Texan49]

Thank you sonny for the article and your input as well.It appears the RV is imminent.Thanks again Sonny for all your contributions to the best dinar site on the net.

[sneakey]

Nice post.

[vern]

close but yet so far------- come on - hurry up--- Thanks-Vern

[FL.KEYS]

GOOD ONE SONNY1

[JCOUTEE]

Thanks for the post !!!!

[k98nights]

Yep it's coming!

[Dinerry]

Always look forward to your postings, Sonny1

WAY TO ROCK IT!!!!!!

GO RV!

[eileen]

Thanks Sonny!

[Kev]

Nice post Sonny..

[dng4462]

great - with us having so many 25000 notes we should still be ok correct - they have set no time limit on returning or eliminating those notes - same process as $500.00 and $1000.00 here in us? Just not coming back out once turned in?

[cdladner]

thanks Sonny

[cgbrown]

Thanks Sonny1-- always enjoy your post.

[geoyachtsus]

Sonny1 thanks for this posting.

[BAKid]

great - with us having so many 25000 notes we should still be ok correct - they have set no time limit on returning or eliminating those notes - same process as $500.00 and $1000.00 here in us? Just not coming back out once turned in?

Good question to an excellent post!