File: political reading of the draft decision to delete three zeros from the Iraqi currency

[dflake]

Poster note:

I realize that this is dated Dec 2010, but read the article, no there is no short summary. In order to understand you must read! Just happened to find it looking through some older news paper articles. This may be easier to read from the source.

File: political reading of the draft decision to delete three zeros from the Iraqi currency

Author: conscious Cairo - 17/12/2010 00:08:11

http://translate.googleusercontent.com/translate_c?hl=en&sl=auto&tl=en&u=http://www.iraq4allnews.dk/ShowNews.php%3Fid%3D2622&rurl=translate.google.com&usg=ALkJrhgVQd_pWFByik1TcWQ7ctbfhYmUYg

1- - Introduction:

Did not touch the people of Iraq during the lean years of the eight that have passed from history, which is groaning from the weight of the occupation is perched on a sky, and land, and its people, what can be felt from the development in any field of civilized life, as he claimed is still an alliance, he came to save the people of Iraq from darkness to light, to prove the facts of those years of occupation, that the alliance may move the people of Iraq really a glimmer of light that was illuminating fields of life, Multimedia, and building in which his or her own, into the darkness, no longer a wish but to return to the same was upon that glimmering of light, to a period of national governance.

Government of Iraq for a year after the invasion and occupation of Iraq in 2003 was not the people of Iraq in its agenda, and programs of the government, but a number capable of being easy to forget, neglect?! Came its decisions on the broader, no place for the people in terms of improved and reality in which they live, and what appears in the media, particularly satellite channels including the facts of catastrophic and terrifying, on the situation of unemployment, poverty, and arbitrary detention is unjustified, and torture illegal and immoral, and corruption, which eating away at the joints of the Iraqi state, without exception, and ... etc., where the list goes on and I think it's easy to end?! تؤكد على ما ذهبنا إليه آنفاً. Emphasize what we have referred earlier.

A new draft resolution seeking government clinging to power of the "al-Maliki" to work on its activation, is to "delete the three zeroes from the Iraqi currency," and what it was like that project was hurt primarily in the interest of corrupt those in authority in Baghdad occupied, I am I'll discuss it, and analysis of political , in the light of a number of facts confirms what I went to him earlier, according to the following sequence:

2- the facts ", a bill deleting three zeros from the Iraqi operation":A - subject the above-mentioned proposed during the past years, the life of the occupation of Iraq multiple times, the mismatch for example, during the month of December 2007 (), and during the month of August 2009 (), and then re-released during the month of December December 2010 In the three instances above, was launched in particular by Mr. "the appearance of Mohammed Saleh," Chancellor at the CBI, as well as being Director of Planning and Statistics and Studies in the bank itself, which is the view of monetary policy in occupied Iraq, and is a personal financial adopts put this project.

B - defending Mr. "fit" in Tnzirh for his project that, among other arguments, including: a return to the value of the Iraqi currency, which had prevailed in 1979 and thereafter, until about the mid-eighties, and that this project will reduce the "runaway inflation" which is wreaking destruction in the Iraqi economy.

T - rested on Mr. "fit" to a string of numbers, confirms what goes to it, namely:

(1) in 1980 was rolling from the Iraqi currency in the Iraqi market 25 billion Iraqi dinars. ( ) ()

(2) in the early nineties, the higher the rolling of the Iraqi currency in the Iraqi market, including slightly more than 40 billion Iraqi dinars.

(3) in 2004 rose from the Iraqi currency trader in the Iraqi market to 6 six trillion dinars.

(4) in 2010 rose from the Iraqi currency trader in the Iraqi market to 27 trillion dinars.

(5) in 1979 and the period that accompanied the Iran-Iraq war, the highest / largest category of cash in circulation is 25 dinars, equivalent to $ 75 at the time, as well as the circulation of the paper and the groups small.

(6) in 2010 and earlier, the highest / largest category of cash in circulation is 25 thousand dinars, which is not equivalent to only $ 23, while the smallest coin in the same period is 250 dinars.

C - during 2003 - 2010 resulted in changing the structural levels of wages, prices, and the accompanying rise in liquidity, to the deterioration of "growth in real GDP" and "negative rates" compared with the population growth rate, did not exceed growth of 1% in the best conditions, to meet the average annual inflation increased to 50%.

H - As mentioned above, and in line with price stability, having changed the price structures, and wages, the economy needs to categories of cash, equivalent to what it was the economy in 1979, especially that he can not issue new money, generated by real income today, to serve Specifications of the economy, when he was in a runaway inflation and the budget financed by borrowing cheap, through cash or financing version of inflation.

X - The draft raise zeros, facilitate the work of the payments system of Iraq, and facilitate the work of trade exchanges, by issuing new classes, suited to the value of GDP, cash transactions large in the economy, it was noted that the use of United States dollars in payments of the Interior, and used as currency parallel help, come primarily due to weak purchasing power of the categories of the Iraqi currency to cover the transactions, especially the big ones.

D - that there are major disruptions in the movement of funds between citizens and between citizens and the banks by the circulation of more than four trillion paper reviews more than $ 27 trillion dinars, which requires re-installed, to reach a few billion, equivalent to 27 trillion dinars, without causing an imbalance in the rights and obligations and contracts. ( ) ()Y - The "fit" the completion of preparations for the implementation of the project to delete the zeros of the Iraqi currency, especially since a national project, matter the country, and the people, and therefore needs the support of legislative and executive branches, and requires the action carefully, and the decision to carry out this project, will be followed by a period of awareness to dispel fears, and to highlight the fact that the repair procedure, aimed at facilitating the exchange will not affect the incomes and wealth. ( ) ()

T - The "fit" to the new Iraqi dinar when asked, will remain on the symbols of Iraq, and holding the Ghtyh Co, Arabic and Kurdish. ( ) ()

G - in another statement to Mr. "fit" affirms, on: the process of lifting of the zeroes are: long-term policy adopted by the government and the central bank, a project that will direct it, as soon as the development of the Iraqi economy, and this may be the current year (2010), or the next (2011), probably will take longer, depending mainly on the stability that you need the process, and there is no need to rush the process at this time, but it is required at the same time, because it is the subject of reform, will not change the value of the currency thing, but will make it smaller, especially and Iraq during the next few years, and with the application of the new development plan, will raise its oil production, and resources will increase significantly, and therefore we need a strong currency and low at the same time and easy handling.

And about the criticism directed at the Central Bank because of his declaration to change the currency, said "valid": "He looks to the future of Iraq's overall economic optimism, and the failures of the present, and the situation is stable, it is not going to last forever, but the situation is constantly improving," adding that the ideas of the central "facing the progressive reactionary ideas you want to return Iraq to thirty years ago." ( ) ()

2-ا- analytical reading of the project to delete the three zeroes from the Iraqi currency:

In light of, inter facts mentioned above, and others at least who did not remind him not to spend too long, Mr. "appearance" in some of the evidence adduced by the above was right, but he was a high degree of accuracy, and how was it right, and that resolution? They lie in our analysis the following:

A - that the purpose for which Ncicvha of evidence of Mr. "appearance" in the adoption of this resolution is the return in monetary terms, and purchasing power, to the same as it was the Iraqi currency during 1079 and early eighties, and in this recognition that monetary policy are made known during the era of national governance , before the invasion and occupation in 2003 was correct, accurate, and reflect the same time, the Iraqi funds received from oil and other, were being exploited economically in accordance with political, economic, is fraught with a lot of right, which strengthened the case of the value of the Iraqi currency, and make significant against the U.S. dollar, where the Iraqi dinar at the time equivalent of three U.S. dollars, while the period after the invasion and occupation in 2003, the dinar, not the dinar, equivalent to the U.S. dollar per about 1116 Iraqi dinars per dollar, a figure that was characterized by relative stability during the years 2009 - 2010.

B - The Mr. "appearance" figures on the quantum cash rolling / printed / raised in the Iraqi market during the period of national governance of Iraq, and the period of the invasion and occupation of the American / Zionist / Iran to Iraq, and the importance of being issued by the chief economist, working position of importance in the Central Bank Iraq, even as we prepare the scene for monetary policy in occupied Iraq, we have achieved the table below, which shows the numbers mentioned by the question itself, to conclude from the realities of constant, confirming what it was the economic situation of gravity during the period of national governance, and the opposite of it, was and still is the deteriorating economic situation, which reached the bottom, and the worst is to come, and the gravity / deterioration of the value of the Iraqi currency is only a guide and witness to the gravity / deterioration of the economy in both eras:

Comparative table shows the numbers Volume / printed from the Iraqi currency a year during the period of national governance of Iraq before 2003 ... And the rule of the American occupation / Zionist / Iranian of Iraq after 2003

Year rolling of the Iraqi currency market in billion Iraqi / period of national governance

اYear rolling of the Iraqi currency market, the Iraqi Baltrelion / period of the occupation American / Zionist / Iranian

1980 25 billion Iraqi dinars 20 046 trillion Iraqi dinars

1992 a represents the early nineties 40 billion Iraqi dinars 201 027 trillion Iraqi dinars

 العملية الحسابية الأولى:  The first calculation is:

To demonstrate the quantum rolling of the Iraqi currency during the period of national governance, between 1980 and early nineties, which we considered in 1992 conducting the following calculation:

1992 – 1980 = 12 سنة  years old  The first calculation is:

To demonstrate the quantum rolling of the Iraqi currency during the period of the invasion and occupation of Iraq between 2004 and 2010, conducting scientific calculations as follows:

2010 – 2004 = 6 years

 العملية الحسابية الثانية:  The second calculation:

The statement outlined for you before / printed from the Iraqi currency during the past 12 years the above, we are holding the following calculation:

40 Yanar 40 billion in 1992 - 25 billion dinars in 1980 = 15 billion dinars, rolling /, which was injected / printed in the Iraqi market in 12 years.  العملية الحسابية الثانية:  The second calculation:

The statement outlined for you before / printed from the Iraqi currency during the 6 years above, we are holding the following calculation:

6 trillion dinars during the year 2004-27 trillion dinars in 2010 = 21 trillion dinars rolling /, which was injected / printed in the Iraqi market during the past 6 years of occupation.

 العملية الحسابية الثالثة:  third calculation:

To demonstrate the quantum before / printed during each year of the past 12 above we process the following items:

15 ÷ 12 = 1,25 billion Iraqi dinars Matrouh / printed during each year of 12 years of national governance of Iraq.   third calculation:

To demonstrate the quantum before / printed during each year of the past 6 above we process the following items:

21 ÷ 6 = 3,5 trillion Iraqi dinars Matrouh / printed during each year of the 6 years of invasion and occupation of Iraq.

Appears from the table and calculations above, the enormous difference between the pump and catastrophic / printed 1.25 billion Iraqi dinars during one year from 12 years of age national governance, and between the pump / printed 3.5 trillion Iraqi dinars in each year of the six years of age the occupation of Iraq, so that what was printed / injected from the Iraqi currency over the past 12 years of age national governance, the ratio is marginal to what has been printed / injected from the Iraqi currency in one of the years of conquest and occupation of Iraq?!

Here, it is our right, and briefly before the conclusion of the table above are undeniable facts, or to evade them, to ask:

(1) Where the economic recovery promised by the U.S. occupation Iraqis raise their standard of living, and make them a role model in the Middle East, but not universal?!

(2) أwhere the role of economic reform to the Iraqi governments, that came to govern occupied Iraq during the period 2003 to 2010 and will come from the actions of the government's current owners, and political parties sectarian populism, even worse, and pray to God Almighty kindness and compassion the people of Iraq?!

(3) not finding digital in the table above shows, as witnessed by the Iraqi Central Bank, the monetary policy of the national government of Iraq for the period before 2003, which is an important part of overall economic policy at the time, was solid, and scientific in the interest of the Iraqi people?

(4) Where the people of Iraq's imports of hard currency (dollar) from the export of oil, during the lean years of occupation? التي بلغت أرقاماً فلكية؟! That have reached astronomical figures?! أDid not steal corrupt based on the rule of occupied Iraq, and the next with the U.S. occupation on the tank, plane and Zionism, and silencers and bomb the Iranian religious establishment.?!

(5) What is the fate of millions of dollars sometimes, and billions of dollars at other times, which Ostkarztha successive Governments to govern occupied Iraq, and culminated in borrowing in the reign of clinging to power, "al-Maliki," and his finance minister, "Bayan Jabor," whose name is associated in its ugliest crimes against the Iraqi people, those loans which were distributed to the International Monetary Fund, the World Bank, Japan, Iran, Italy, and ... etc., did not remain in Iraq, but to borrow from Somalia or Djibouti or the Comoros, especially since the Government, Minister In signing the minutes of those loans, they claim to revive the Iraqi economy?!

T - one of the constants on which the project is, that every one dinar new (after deleting the zeros), equivalent to one thousand dinars earlier (which do not delete it zeros), and one hundred dinars, new, equivalent to one hundred thousand dinars its predecessor, and one hundred thousand dinars, a new, equivalent to one million JD earlier, and so forth, then the new dinar in the deletion of zeros remains have the same monetary value, and the purchasing power enjoyed by the dinar zeros before deleting it, and this in turn means, according to our analysis, the following:

(1) that the standard of living very low for the Iraqi people remained the same even without any development of a relative.

(2) is Iijaith for the Iraqi people, in that instead of a thousand dinars, dinars, and will carry only one?! Perhaps here is the government that this project serves as an achievement for them because they reduced the proportion carried by the Iraqi citizen of funds, for the sake of his health.?!

Confirms what we have to be based on the private banks operating in Iraq, numbering between 37-38 Bank see: "The time is now appropriate for such a project, because the Iraqi economy is well refreshed, as well as the actual output of oil export revenues, not used correctly, for reconstruction and development, and rebuilding infrastructure, which makes the value of the item Iraqi greater than the value of the currency, thus raising the zeros now is not appropriate, because most of the assets of companies, banks, Iraqi still shares valued at the Iraqi dinar, and the event raised zeros, it means refer to the value of the penny, this is not an appropriate time being. Physical therapy .. " ( ) Is the one who decides whether or not to raise zeros.

(3) of the very important statement that the biggest beneficiary of this project, they are only accrued on the throne of power in occupied Iraq, as well as the characters of the political parties, militia leaders terrorist, and summarized this benefit simply, they are rather than make every effort themselves, carry bags promise-filled the people of Iraq stolen money, weigh their shoulders, they Sechtsrunha this project portfolio and one or two larger, filled with millions, and therefore remain intact bone and joints okay?!

(4) إWe conclude therefore, that the entire project is not only switch paper currency, currency and other paper, in other words, paper and paper only?!

W - the project until the present time not presented to the Iraqi Council of Representatives, which coalesce reunited on the initiative of treachery, predicted that Iraq is coming to what is worst?!

Initiative treachery of these, was the overthrow of b: "Iraqi List" led by Dr. "Iyad Allawi", and the loss of the electoral entitlement, in an agreement between the so-called leaders of political blocs, controlled the Msaleckh "taqiyya," damn, that made the hope that it entices the Iraqis a kind of security and stability, and put an end to Iranian interference in the whole of Iraq, and the return of displaced persons and migrants to their homeland, Iraq, and .. etc has been lost, were statements made by Mr. "fit" in this regard is stable, and that the provisions of Article (2 / y) where he refers to the completion of the preparations , and etc. .., while referring to the same Article (2 / g) that the project long term, and etc. ...?!

C - The project under consideration, and as noted above, was adopted by the Central Bank exclusively, as the official responsible for monetary policy in occupied Iraq, while adopting the Ministry of Finance fiscal policy to him, and as we pointed out that the project has raised multiple times, which payment of the influential people in occupied Iraq, to form a special committee of the bank in question (in 2007 or 2008, did not indicate the source for the year accurately), to study the feasibility of it, has reached the end of its meetings to the view: ((that the Iraqi economy is still suffering from what known as the "hyper-inflation," which simply means higher prices significantly and continuously, and this means that the value of the local currency continues to drop, so the edition (proposed) of the currency will lose value again: and so we need to issue large groups again, and it The Committee recommended to defer this process until a relatively stable prices at a later stage.)). ( ) ()

The Committee may therefore Ocyprt this project, because it is not feasible in the treatment of lesions suffered by the Iraqi economy, particularly that in the case of operation, a decision will be isolated from a comprehensive economic plan.

H - re-presenting the project as noted above, during the month of December 2010 despite the Commission's decision which we have to read in paragraph © above, and as it was his supporters, and supporters, and perhaps least of, on the other side, it was his opponents from the same institution that govern occupied Iraq, and perhaps the most vocal opponents ferocity to him, is "Abdul Hussein Al-Anbuge" Advisor to the Prime Minister, clinging to power, "al-Maliki," which denounced the project as a whole, and several projects and placebo did not interest him, in the Iraqi economy is suffering from problems her first, not her last, this is a very negative evaluation, stated, "Abdul-Hussein," as of 15/12/2010 him, saying, that: ((misconception of the nature of inflation in Iraq, prepared by the central result of the increased money supply, which is directly linked to purchasing power of the coin, and the ability of per capita income for goods and services)), wondering whether: ((delete the zeros will increase the power of citizen's purchasing power? Is that the zeros are the trap of this increase?)), confirming that this procedure: ((from could come from a luxury of economic, not a country filled with economic problems, her first and not her last, to go to the solutions, paper and fake .?!)), also that the deletion event conducted it: ((will leave after a simple onset, where there will be they cash will not get improve the standard of living and thus begin to calculate the new rates of inflation.)).

The solution to the problem of inflation rampant in Iraq, sees "Abdul-Hussein," It should come from: ((the fact that inflation Iraqi compound, comes because of the high costs, and the existence of the needs of non-saturated, and the structural imbalance, is crossed through, operating and investment, and re-building structures destroyed, and production management, as reflected positively on the standard of living of the individual, but to be deleted is the futility of the zeroes will cost the budget a lot, and has no justification for the current time)). ( ) ()

ما ذكره "عبد الحسين" يُمثل اعتراف رسمي بتدهور الاقتصاد العراقي، ووصولهِ لمراحل السقوط في قاع الهاوية، وهو الذي تبلغ إيراداته النفطية، أرقاماً فلكية، صاحبها فسادٌ أكثر فلكية، بحث نُهبت تلك العائدات المالية من النفط، ولا يعلم أحد من شعب العراق كيف نهبت؟ ولمن بالذات؟، هذا الأمر ليس اتهاماً للفاسدين المُتربعين على عرش الحُكم في بغداد المُحتلة، بل تقارير دولية عُرضت على الأمم المتحدة بالذات، بعد أن زكم الفساد حتى أنف إبليس اللعين، فقد أعلنت وكالة تابعة للأمم المتحدة: (( أنَّ مراجعة لإيرادات النفط العراقي توصلت إلى أن نظام متابعة إنتاج النفط ومبيعاته، يفتقر إلى أدوات الرقابة السليمة، مما أدى إلى سوء إدارة الأموال، وقالت مسودة تقرير أعدته "شركة ارنست اند يونج" لحساب المجلس الدُولي للاستشارة والمتابعة حول مبيعات صادرات النفط وإيراداتها لعام 2006 أن المخاوف السابقة بشأن الافتقار لوسائل المتابعة والإدارة المالية للنفط العراقي لم تُعالج.؟! وقال التقرير أنَّ المُراجعين أشاروا أيضا، إلى فروق كبيرة لا تفسير لها فيما يتعلق بعمليات الاستخراج، والإنتاج، ومبيعات التصدير، بسبب انه لا يوجد نظام شامل للرقابة على الإيرادات النفطية، وأن تركيب نظام لقياس الإنتاج تطبيقا لاقتراح سابق من المجلس سيؤدي إلى تحسن كبير في الرقابة العامة، وتابع التقرر: أنه في حين أن الوضع الحالي في العراق صعب فان من العوامل التي تبعث على القلق، عدم تحقيق تقدم كاف في معالجةِ نُقاط الضعف، التي أشارت إليها تقارير عن مراجعات سابقة، سيما وأنَّ المراجعة أثارت من جديد مخاوف سابقة عن إدارة عقود الوكالات الأمريكية في العراق.؟!)). ( ) وعلى ذات المنوال آنف الذكر الذي يؤكد حجم الفساد المُمنهج والمُخطط لهُ من قبل "حكومة المالكي"، كان المركز الإعلامي في الأمم المتحدة قد أعلن أن مجلس الأمن قد استمع بتاريخ 13/6/2008 (الجمعة) لإحاطة حول المجلس الدُولي للمشورة والمراقبة للعراق قدّمها "وارن ساش" الذي قال: ((إن المراقبة المالية على عائدات النفط العراقية البالغة نحو 100 مليار دولار تُعاني من القصور، على الرغم من إحراز بعض التقدم في بعض المناطق، مُشيراً إلى قصور في المراقبة المالية الداخلية، بما فيها عدم وجود ملفات كاملة في وزارة المالية العراقية حول عائدات النفط، وانعدام نظام لقياس النفط، وبيع النفط خارج صندُوق التنمية، وعدم وجود معلومات كافية حول عقود وكالات الولايات المتحدة مع المتعاقدين، فضلاً عن أنَّ الجانب الأكبر من التوصيات السابقة التي قدمت للوزارات العراقية لم يتم تطبيقها، مشيرا إلى ضرورة توفر تدابير لتعزيز المراقبة الداخلية على عائـدات النفـط)). ( ) ()

كما أنَّ نص اعتراف "عبد الحسين" أعلاه يؤكد ما أوردناه في المادة (2/أ) وذات المادة (2/ب) من أن السياسة الاقتصادية خلال فترة الحكم الوطني كانت أكثر رصانةً مما نحنُ عليهِ الآن.

خ- غالباً ما يستشهد أنصار، ومؤيدي هذا المشروع بدولٍ أخرى قامت بحذف أصفار عده من عُملتها، مثل البرازيل وتركيا التي حذفت ستة أصفار مرةً واحده، ولكن مثل الأمر لا يُمكن الاستشهاد به فيما يتعلق بالحالة العراقية، إذ أن البرازيل وتركيا وغيرُهما، عندما اتخذوا مثل هذا القرار الاستراتيجي على المستويين السياسي والاقتصادي، لم تكُن حكوماتهم تحت الاحتلال، أو أن اقتصادهم قد أُرتهن لدى صندوق النقد الدولي والبنك الدولي، ثم أنَّ حكوماتهم منتخبة انتخاباً حُراً ديمقراطياً، لم يكن فيه حيزاً للتزوير، أو تدخّل لدول الجوار، فكانت قراراتهم سيادية وطنية بالتمام والكمال، في حين أن الحالة العراقية على الضد، حيث يعيش شعب العراق تحت احتلال أركان نظرية المؤامرة الكونية الأولى، حكومة مُتشبثة بالسلطة، ، فقدان القدرة على اتخاذ أي قرارٍ وطني مُستقل، العراق مُهدد بالتقسيم يفتقد السياده على أرضه، وثرواته، أمن مفقود، شعب بين مُهجر ومُهاجر، ومُعتقل..إلخ، قافلة الشهداء يومية حيث قلما خليّ بيت عراقي من شهيد، أو أرملة، أو يتيم...إلخ، فساد مُتعاظم بمرور الأيام إن لم نقل بمرور الساعات، فكيف يمكن مقارنة العراق المُحتل بدول ليس فيها مما فيه، ثم على الأقل أنها غير مُحتلة.

Edited February 18, 2011 by dflake

[TimS]

Great....but translation is aweful. we need to have this translated by an individual who is familiar with the nuances of the language.....not a computer program. As we've seen in the past, the google translation loses much and makes for very confusing reading.

Is there anybody out there who can translate this better????

[terr]

I agree, don't understand what it states, it's like chicken scratch to me.

[dflake]

So sorry, I thought this was part of the translation I missed when cleaning it up. It is actually another section of the article.

Untranslated Paragraph at bottom of article:

TRANSLATION

What was said, "Abdul-Hussein" represents the official recognition of the deterioration of the Iraqi economy, and the arrival of the stages of falling in the bottom of the abyss, who reported revenues of oil has skyrocketed, the owner of corruption more astronomical, search looted the fiscal revenue from oil, does not know one of the people of Iraq how looted ? And to whom in particular?, This is not an indictment of the corrupt accrued on the throne of power in Baghdad territory, but international reports presented to the United Nations in particular, after the catch cold, corruption, even nose Satan dreaded, has announced that the agency of the United Nations: ((that a review of Iraq's oil revenues reached that the system of follow-up of oil production and sales, lacked proper controls, which led to the mismanagement of funds, said a draft report prepared by the "Ernst & Young" for the International Council for consultation and follow-up on oil export sales and revenues for the year 2006 that the previously expressed concerns over the lack of follow-up and financial management of Iraqi oil is not addressed.?! The report said that the reviewers also pointed to significant differences can not be explained with respect to the extraction, production, and export sales, because there was no comprehensive system for the control of oil revenues, and that the installation of a system for measuring production in application of the proposal former Council will lead to a significant improvement in overall control, and continued Altorteur: that while the current situation in Iraq is difficult, the factors that give rise to anxiety, lack of sufficient progress in addressing the weaknesses, which referred to reports of previous reviews, especially since the Reviewed raised fears of a new precedent for the administration of agency contracts in Iraq .?!)). () In the same vein, the above-mentioned stresses, the corruption is systematic and planned by "government of Maliki," the Media Centre at the United Nations has declared that the Security Council has heard on 13.06.2008 (Friday) for a briefing on the Council of the International Advisory and Monitoring Board for Iraq by "Warren Sach" which he said: ((The financial control over Iraq's oil revenues, amounting to about $ 100 billion suffer from inadequate, despite some progress in some areas, pointing to the lack of internal financial controls, including the lack of complete files in the Ministry of Finance of Iraq over oil revenues, and the lack of a system for measuring oil and the sale of oil out of the Development Fund, and the absence of sufficient information about the contracts and agencies of the United States with the contractors, as well as the fact that the bulk of the previous recommendations made to the Iraqi ministries are not applied, pointing to the need to provides measures to strengthen internal controls over oil revenues)). () ()

The text of the confession "Abdul-Hussein" above confirms what we will quote in the article (2 / a) of Article (2 / that the economic policy during the period of national governance was more sober than we are now.

X - often cites the supporters, and supporters of this project to other countries the deletion of zeros of several of its currency, such as Brazil and Turkey, which deleted six zeroes once, but like it can not be invoked with regard to the situation of Iraq, as Brazil, Turkey and others, when they took such This strategic decision on the political and economic levels, were not their own governments under occupation, or that their economy had been conditional upon the International Monetary Fund and the World Bank, and that their governments freely elected democratically, not the space for the fraud, or the intervention of neighboring countries, was the decisions of sovereign national Exactly and perfect, while the Iraqi situation on the opposite, where the people of Iraq under the occupation of Staff conspiracy theory Cosmic First, the Government adhered to the authority, loss of the ability to take any decision of a national independent, Iraq threatened division lacks sovereignty over the territory, and wealth, security is missing, the people between the displaced and immigrants, and detention, etc. .., where the daily convoy of martyrs rarely acetic Iraqi house of martyr, or a widow or an orphan ... etc., corruption is growing by the day, if not over hours, how can be compared to occupied Iraq, where the countries in which there is not , then at least it is not occupied.

[0331]

This is undoubtedly a proposal for a redenomination, or as some would say, a LOP.

The proposal is to strengthen the value of the Dinar while retracting the Money Supply.

Money Supply = 27 trillion Dinar / Lower Demons would = 27 billion Dinar

I understood the first half of the document to be a proposal for a redenomination, but the second half sounded VAUGELY like a counter argument to me. I don’t know if it was the poor translation or my wishful thinking.

If anyone disputes that the “LOP” is a serious possibility or likelihood, PLEASE FIND SOMEONE WHO IS CAPABLE AND SOMEONE YOU TRUST TO EXPLAIN IT TO YOU. IT IS A VERY REASONIBLE POSSIBILITY.

For those who still find the concept to be confusing, I will do my best to illustrate:

First off, a LOP or redenomination does not affect the wealth of the people. Their actual purchasing power remains unchanged.

Currently 1,000 Dinar is about equal to $1.00 USD

The NEW LOWER DENOMINATIONS would be worth 1000 times the Iraqi Dinar we currently hold.

(~ means about equal)

Currently 25,000 Dinar ~ $20.00 USD

Calculation [25,000 Dinar x .0008 (current exchange rate) = $20.00 USD

New Denomination 25 IQD = 25,000 Old IQD (the currency we currently hold) = $20.00 USD

This would mean a Redenomination and a Revaluation.

This means the old currency has a value of .0008 USD (25,000 IQD = $20.00 USD)

And the NEW LOWER DENOMINATIONS would have a value of $.80 [25 IQD (LOWER DENOMS) = $20.00 USD]

Weather you hold a 25,000 IQD note or a 25 IQD note you still have the purchasing power of $20.00 USD

The larger bills would be phased out just as if we were to phase out pennies. You would take 100 pennies to the bank and receive $1 so that you would not need to carry hundreds of pennies with you anymore.

Edited February 18, 2011 by 331

[DaveNC]

This article reads like a news report and the conclusion of the article is that it would not help the economical situation in Iraq at this time. It said it would serve to expedite hyper inflation. As you said read the article.

[Nelson0528]

This is undoubtedly a proposal for a redenomination, or as some would say, a LOP.

The proposal is to strengthen the value of the Dinar while retracting the Money Supply.

Money Supply = 27 trillion Dinar / Lower Demons would = 27 billion Dinar

I understood the first half of the document to be a proposal for a redenomination, but the second half sounded VAUGELY like a counter argument to me. I don’t know if it was the poor translation or my wishful thinking.

If anyone disputes that the “LOP” is a serious possibility or likelihood, PLEASE FIND SOMEONE WHO IS CAPABLE AND SOMEONE YOU TRUST TO EXPLAIN IT TO YOU. IT IS A VERY REASONIBLE POSSIBILITY.

For those who still find the concept to be confusing, I will do my best to illustrate:

First off, a LOP or redenomination does not affect the wealth of the people. Their actual purchasing power remains unchanged.

Currently 1,000 Dinar is about equal to $1.00 USD

The NEW LOWER DENOMINATIONS would be worth 1000 times the Iraqi Dinar we currently hold.

(~ means about equal)

Currently 25,000 Dinar ~ $20.00 USD

Calculation [25,000 Dinar x .0008 (current exchange rate) = $20.00 USD

New Denomination 25 IQD = 25,000 Old IQD (the currency we currently hold) = $20.00 USD

This would mean a Redenomination and a Revaluation.

This means the old currency has a value of .0008 USD (25,000 IQD = $20.00 USD)

And the NEW LOWER DENOMINATIONS would have a value of $.80 [25 IQD (LOWER DENOMS) = $20.00 USD]

Weather you hold a 25,000 IQD note or a 25 IQD note you still have the purchasing power of $20.00 USD

The larger bills would be phased out just as if we were to phase out pennies. You would take 100 pennies to the bank and receive $1 so that you would not need to carry hundreds of pennies with you anymore.

Oh boy... now you've done it. You said LOP! Now we're gonna have to move this post to the LOP forum...

Couldn't you have just said "Bunny Ears"?..... LOL (NOT LOP)

[PacoTaco]

No Loppy just RVVVVV!

[rsskelton]

The entire basis of unrest in Iraq is poor services to the people and the worthlessness of the dinar. It is soon to cause civil war IMO if not taken care of immediately. If a lop occurs, it adds no more value to their currency, thus not changing the situation. Sorry, but I just don't see the Lop as any type of viable solution. As I said, this is just my opinion.