Delete the three zeroes from the Iraqi currency

[nevermore]

From time to time ask the CBI idea of ​​raising three zeros from the Iraqi currency, and announced that he is nearing completion on finalizing the drafting of the law to regulate the process of lifting to be sent to the Council of the Prime Minister and then to the House of Representatives to decide whether there is a need to raise three zeroes from the Iraqi currency or not, as was confirmed a senior official at the Monetary Authority that the Council of Representatives is the author of the recent decision in this regard.

Adviser says the Iraqi Central Bank: The project will organize a mechanism for lifting the three zeroes for the advancement of the value of local currency in circulation economic, external and internal , and the project was considered a strategic project aimed at reducing inflation suffered by the Iraqi market, The Ministry of Finance announced last February that the deletion of zeros from the local currency will liberate the Iraqi economy from the constraints and enhance the value of the Iraqi dinar in the World Bank Fund.

We believe that the project raise three zeroes from the Iraqi currency is the glory and not raise the value of the Iraqi dinar and will add when applied to the problem of several other dimensions to the many problems that afflict the Iraqi economy deteriorating, and this problem is the confusion and disorganization of the market in buying and selling and debt among the citizens, as well as confusion mental state that will plague the Iraqi people as a result of the emergence of a new phenomenon requires the intellectual and psychological stress of the back and accepted.

On the other hand requires the project and before applying Stamping small denominations of the currency represents parts of the dinar, which will be worth a penny, note that the SEC this small change would cost the state large sums of money, then the project does not enhance the value of the Iraqi dinar ((says the Ministry of Finance)) where it will remain worth as it is ((if offered equal amounts of other equal results are equal)).

In a statement different from the Iraqi Central Bank that the process of removing three zeroes from the local currency is a complex process and need to study the economic extensive, also pointed adviser to the CBI we have to deal with this issue cautiously and carefully as it may cause economic problems in the event of rush or do any Another thing confusing economic situation in Iraq.

And we say to guard and to pay the occurrence of such problems, see better and more useful to put the project on Iraqi public opinion with an invitation for specialists in economics to indicate their opinion and familiarity with it before sending it to the prime minister and parliament.

And promises to start see the futility of the project - as we believe - it does not lead to raise the value of the Iraqi dinar, we aspire to adopt the CBI and economists project that aims to raise the value of the Iraqi dinar to its previous value to return is equal to (3.33) U.S. $ through a package of measures and bold decisions, the first review of the operation import wrong and reduced to the extent necessities, as the import open wide to drain the excess foreign currency and deposited with the Central Bank of Iraq in support of the Iraqi currency, and not put up for sale through auction for those wishing to by the Iraqi traders to cover Astiradathm of goods, as well as the review in order to reduce public expenditure to the State and its departments in regards to import furniture is expensive, they can be obtained from the local market, which encourages and supports the sector of local industry and create jobs for the unemployed, also support the development of the agriculture sector by helping farmers with seeds and agricultural machinery in order to increase production of agricultural crops.

There are also other things to support the Iraqi currency, including: reducing operations Aliivadat staff and make it only for the purpose of training and development

http://www.babnews.com/inp/view.asp?ID=38753

Nevermore says THE RAVEN

[Workinchump]

Its great to see this stuff in the news, But does shed any new light.

I would like to point out....

"we aspire to adopt the CBI and economists project that aims to raise the value of the Iraqi dinar to its previous value to return is equal to (3.33) U.S. $ through a package of measures and bold decisions, the first review of the operation import wrong and reduced to the extent necessities, as the import open wide to drain the excess foreign currency and deposited with the Central Bank of Iraq in support of the Iraqi currency, and not put up for sale through auction for those wishing to by the Iraqi traders to cover Astiradathm of good"

[tim5400]

the article that the link takes u 2 is dated today BUT this could be a retreaded article from the past....I hope it is current....go rv

[keepmwlknfny]

This particular article is basically saying they plan on redenominating (lopping the zeros) and then returning the rate back to the 3 dollar range.....not what we wanted, but it would be a decent profit none the less.......hope they dont pass this in parliment.....

[hoosier1470]

I believe they will do it, and with no lop....

This particular article is basically saying they plan on redenominating (lopping the zeros) and then returning the rate back to the 3 dollar range.....not what we wanted, but it would be a decent profit none the less.......hope they dont pass this in parliment.....

The first couple lines of the third paragraph stated that they feel lifting the zeros would cause too many problems...I be lieve you are misunderstanding what they are saying..I could be wrong, but sounds great to me!

If I am reading this correctly, means straight rv...no lop...back to 3.22! Anyone? Anyone?

[JohnnyZ]

Anytime an article says "lift or raise the zeros" that is not a lop.

[keepmwlknfny]

I believe they will do it, and with no lop....

The first couple lines of the third paragraph stated that they feel lifting the zeros would cause too many problems...I be lieve you are misunderstanding what they are saying..I could be wrong, but sounds great to me!

If I am reading this correctly, means straight rv...no lop...back to 3.22! Anyone? Anyone?

They are discussing the pros and the cons....thats why one side says it would be a problem, they think its too much to accomplish right now with everything going on and that it would just add confusion having the larger bills and smaller bills coexist because the 25k would have the same purchasing power as a new 25 note......there is no way the rate will jump to 3.22 overnight and especially with the amount in circulation.....

Anytime an article says "lift or raise the zeros" that is not a lop.

Lifting or raising the zeros is a lop.....research Turkey and when they lifted/raised/deleted/removed the zeros.....its the same thing.....they redenominate making 1000 old dinar equal to the purchasing power of 1 new dinar.....stop listening to the fairy tale, twisted version of these articles and read up on what they really mean....I refused to believe it for so long until I verified my own information and stopped listening to whatever just sounded good.....again, hopefully this is not passed when it goes to parliment!! This is NOT what we want.....

[quadraph0nic]

option 2 lop +rv

[dinarck]

They are discussing the pros and the cons....thats why one side says it would be a problem, they think its too much to accomplish right now with everything going on and that it would just add confusion having the larger bills and smaller bills coexist because the 25k would have the same purchasing power as a new 25 note......there is no way the rate will jump to 3.22 overnight and especially with the amount in circulation.....

Lifting or raising the zeros is a lop.....research Turkey and when they lifted/raised/deleted/removed the zeros.....its the same thing.....they redenominate making 1000 old dinar equal to the purchasing power of 1 new dinar.....stop listening to the fairy tale, twisted version of these articles and read up on what they really mean....I refused to believe it for so long until I verified my own information and stopped listening to whatever just sounded good.....again, hopefully this is not passed when it goes to parliment!! This is NOT what we want.....

Agreed Keepem,

I think the gurus have earned their money making people beleive this doesnt mean LOP but a little common sense goes a long way. Dont know why we are even still debating what these articles mean. Think its time to move on to whether they implement it or not. Wish we had a little more info on where they are as far as the vote. Surely we can get some info on a time frame for implementation.

[speculatorsRIDE]

If Ali got word of a straight RV at $3.22, it would make sense that he would close down. We know he has sold billions of IQD and that he is very rich from it. However, he will not be able to cash in his customers at this rate. Perhaps the pieces of the puzzle are coming into place.

[DinarDiva007]

If Ali got word of a straight RV at $3.22, it would make sense that he would close down. We know he has sold billions of IQD and that he is very rich from it. However, he will not be able to cash in his customers at this rate. Perhaps the pieces of the puzzle are coming into place.

That does not make a lick of sense??? The money is not coming out of Ali's pocket.

[keepmwlknfny]

That does not make a lick of sense??? The money is not coming out of Ali's pocket.

Exactly.....I think some people reach too far to try and turn anything into a huge RV....

Agreed Keepem,

I think the gurus have earned their money making people beleive this doesnt mean LOP but a little common sense goes a long way. Dont know why we are even still debating what these articles mean. Think its time to move on to whether they implement it or not. Wish we had a little more info on where they are as far as the vote. Surely we can get some info on a time frame for implementation.

Well it seems we have been getting more and more newer people to this site and they have been subjected to the nonsensical garbage from the other gurus so this could be the first time they are hearing what it actually is instead of what just sounds good for them and our investment.....it seems we are at the final steps, them submitting the plan to parliment for approval......wonder how long that will take.....another freakin 6 months? LOL

[UofIGuy]

That does not make a lick of sense??? The money is not coming out of Ali's pocket.

Agreed. Some people just do not know.

[mrsonnyr]

This is the Microsoft Translator Version...a bit easier to understand. I don't think he is discussing both sides of the argument at all.

He is saying that he doesn't agree that the "project to raise the three zeros from the currency of the issuer would be effective in raising the value of the IQD.

(this should quell the "argument that the lifting means off of the exchange rate...IT'S VERY CLEAR he's stating 3 zeros OFF OF THE CURRENCY)

AT THE SAME TIME, he's saying that he does NOT agree that the "project" would have the effect of raising the VALUE of the IQD like they desire!

"Promises to start seeing the futility of the project-we believe-does not lead to the lifting of the Iraqi dinar (value-mine) we aspire to adopt the Central Bank of Iraq, economists project that aims to raise the Iraqi dinar value for equal to (3.33) dollars through package and bold decisions,,

It appears IMO, that what they support is NOT removing the zeros, but rather, a straight-up RV, then as our previous studies and articles have shown,

then simply remove the larger denom notes from circulation as they come in to the CBI.

This is obviously my opinion, but surely appreciate "nevermore" for posting the original article. That being said, this article is ALSO ONLY ONE GUY'S OPINION. GooooooooooooooooRV!!!

Below is the complete translation:

Delete three zeros from currency

Sabih Al-Hafiz

Posted 08/05/2011 10:00 AM

From time to time...the Central Bank raised the idea of raising three zeros from the Iraqi currency, and he almost completed a draft law to regulate the process of delisting to be sent to the Cabinet Council and then to the House to decide whether there is a need to raise the three zeros from the currency of the issuer, where a senior official confirmed The Monetary Authority that House is the final decision in this regard.

Iraqi Central Bank adviser says: the project will be organized to raise three zeros to the advancement of local currency in circulation economic external and internal, strategic project aimed at reducing inflation suffered by the Iraqi market, the Finance Ministry announced in February that delete zeros from the currency will free the Iraqi economy and enhances the value of Iraqi dinars in Fund The World Bank.

We believe that draft raised three zeros from the currency but glory and of Iraqi dinar when applied will add another problem many multidimensional problems affecting the deteriorating economy, these problems is confusion and clutter the market buy and sell debt among citizens, as well as confuse mood that will haunt the Iraqi citizen by appearance New phenomenon requiring intellectual and psychological stress of familiarity and acceptance.

On the other hand requires the project before its small population categories represent parts of the dinar currency will be worth a penny, note that these small currencies would cost the State large sums, then the project does not enhance the value of Iraqi dinars ((according to the Ministry of Finance)) where the value will remain unchanged ((if equal amounts of the other results are equal equal)).

And in contrast to the Iraqi Central Bank that the process of raising three zeros from the local currency is a complex process requiring extensive economic study , also Central Bank adviser said we have to deal with this issue with caution and Tan because it may cause economic problems in case of premature or do anything else confusing economic situation.

We say a conservative and push those problems feel better it put the project on the Iraqi public with invited competent in economics to demonstrate their familiarity before being sent to the Cabinet Council and Parliament.

Promises to start seeing the futility of the project-we believe-does not lead to the lifting (value-mine) of the Iraqi dinar we aspire to adopt the Central Bank of Iraq, economists project that aims to raise the Iraqi dinar value for equal to (3.33) dollars through package and bold decisions,, first review the import process and reduced To import necessities, as wide open drain excess foreign currency held by the Central Bank of Iraq in support of Iraqi currency, and not for sale by auction of the willing by Iraqi businessmen to cover asteradathm of goods, as well as review to reduce public spending and services in relation to import expensive furniture, obtainable from market Local, which encourage and support local industry and jobs for the unemployed, also support and develop agriculture through assisting farmers with seeds and agricultural machinery in order to increase the production of agricultural crops.

There is also other things to support Iraqi currency: reduction operations staff testimony and made only for the purpose of training and development.

[truthful1]

Its great to see this stuff in the news, But does shed any new light.

I would like to point out....

"we aspire to adopt the CBI and economists project that aims to raise the value of the Iraqi dinar to its previous value to return is equal to (3.33) U.S. $ through a package of measures and bold decisions, the first review of the operation import wrong and reduced to the extent necessities, as the import open wide to drain the excess foreign currency and deposited with the Central Bank of Iraq in support of the Iraqi currency, and not put up for sale through auction for those wishing to by the Iraqi traders to cover Astiradathm of good"

I would like to point out....

"On the other hand requires the project and before applying Stamping small denominations of the currency represents parts of the dinar, which will be worth a penny, note that the SEC this small change would cost the state large sums of money, then the project does not enhance the value of the Iraqi dinar ((says the Ministry of Finance)) where it will remain worth as it is ((if offered equal amounts of other equal results are equal))."

Read more:

My advice is for people to look at the entire content, not to just pick out what may be positive.

[Buckeye Pilot]

They are discussing the pros and the cons....thats why one side says it would be a problem, they think its too much to accomplish right now with everything going on and that it would just add confusion having the larger bills and smaller bills coexist because the 25k would have the same purchasing power as a new 25 note......there is no way the rate will jump to 3.22 overnight and especially with the amount in circulation.....

Lifting or raising the zeros is a lop.....research Turkey and when they lifted/raised/deleted/removed the zeros.....its the same thing.....they redenominate making 1000 old dinar equal to the purchasing power of 1 new dinar.....stop listening to the fairy tale, twisted version of these articles and read up on what they really mean....I refused to believe it for so long until I verified my own information and stopped listening to whatever just sounded good.....again, hopefully this is not passed when it goes to parliment!! This is NOT what we want.....

Keepnlost,

NO..... IT IS NOT A LOP.!!!

I swear man you would argue if I told you the Sun was HOT.

Either get with the program or GET THE HELL OUT.

Edited May 8, 2011 by Buckeye Pilot

[M.D.]

Thanks for the post very difficult to sort all of this out imho

[keepmwlknfny]

Keepnlost,

NO..... IT IS NOT A LOP.!!!

I swear man you would argue if I told you the Sun was HOT.

Either get with the program or GET THE HELL OUT.

By get with the program, you mean believe in all the rainbows and unicorns with the rest of the disney squad because its what everyone wants to hear whether its right or not?? No thanks bro.....Ill stick with my grip down here on earth......Dont get upset because its beyond your understanding....Ive tried to break it down for you in so many ways but your just not getting it.....I wont hate you for it I promise....some just have more difficulties it seems when learning......Removing/deleting/raising/lopping the zeros means all the same thing.....Put down the kool-aid for just a little while, drink some water, to wash your system out, then come back and talk to me when your ready to learn about the reality of the situation......Ill even get a box of tissues for you if you need them to let out all your frustration for being mislead all this time.....would you like the ones with aloe so they wont irritate your nose??

[wicked93gs]

I believe a LOP and then a RV to 3.x will happen, now that being said, what it seems to me this article is saying that a LOP was considered, but is now being reconsidered as a waste of time that will just confuse the situation, it also seems to be saying that they would rather revalue through bold packages and deals, note that he said BOLD...indicating risky, risky because they may not be able to afford a straight revalue?...but bold also indicates that just because its risky it wont neccesarily stop them from attempting it(not sure how they think they can afford it, but evidently they believe its possible, or at least the writer of this article does). I dont think they can do it that way myself...but I could be wrong...as a co-worker of mine used to say.. "I was wrong once"

[Pitcher]

I'm not reading this as a lop. I still believe they RV somewhere around .15 to .35 and then let it float up over an extended period of time. To me this just makes the most sense for everyone including the Iraq economy. It wouldn't even surprise me to see another RV after 6 mos to 1 year at a much higher rate. If it goes down this way I'm selling a big portion of my stash in the lower RV and reinvest and then hold on the the rest for a higher rate. If they make us turn it all in then so be it. I also think we will be funneled into a number of the bigger banks and be forced to pay their BS fees or spread. The govt. going to be watching this deal real close so they get their share.

[zaborniake]

Every time an article like this (which I think is an opinion piece) is posted, we get into the same freaking back-and-forth about LOP or no LOP. Get over it already.

[IowaDinar]

By get with the program, you mean believe in all the rainbows and unicorns with the rest of the disney squad because its what everyone wants to hear whether its right or not?? No thanks bro.....Ill stick with my grip down here on earth......Dont get upset because its beyond your understanding....Ive tried to break it down for you in so many ways but your just not getting it.....I wont hate you for it I promise....some just have more difficulties it seems when learning......Removing/deleting/raising/lopping the zeros means all the same thing.....Put down the kool-aid for just a little while, drink some water, to wash your system out, then come back and talk to me when your ready to learn about the reality of the situation......Ill even get a box of tissues for you if you need them to let out all your frustration for being mislead all this time.....would you like the ones with aloe so they wont irritate your nose??

You have ALLWAYS been a naysayer & a lopster. I bet you have a sad life as negative as you are. I would suggest drinking to escape your negative life! go RV!

[wicked93gs]

There is nothing wrong with being a "lopster" it is after all the most logical approach to this whole fiasco, its the only scenario in which the math adds up, the only way a full RV at 3.22 is going to happen is if the rest of the world gets involved in order to help support the IQD, Iraq cant do it on its own

[dinarck]

Every time an article like this (which I think is an opinion piece) is posted, we get into the same freaking back-and-forth about LOP or no LOP. Get over it already.

I think you just made our point for us. Everytime one of these articles comes out is right. They keep coming out over and over. How many more do we need to see before some begin to see what we are being told? It is comical to hear people say they arent talking about a LOP. How many times do they need to mention Turkey or actually say straight up it would make a 1000 note a 1 note. I know this many people cannot be this blind. True they are arguing pros and cons but do you really deny what they are talking about. Man, maybe the pumpers anf gurus have done a better job than I thought. Before you freak out Zaborniake I am not talking about you, just the numerous people with their heads in the clouds in general.

[aferriss]

Whether they redenominate or not...whether they revalue or not... or whether they do both or not, it's in the hands of the Iraqis. They are going to do what they think is best for Iraq. It could go a variety of ways. It's foolish to say it will go this way or that. Especially when none of us are in control. I see nothing wrong with speculating and speaking what is perceived or believed individually, but I implore and beg everyone to attempt to respect each other. This thing is difficult enough to wait through with all its ups and downs without the biting and ugliness.

And the positive thing...whatever is to happen is imminent now. It's just a matter of the trigger being pulled. Keep grounded and keep your chins up. We'll know for sure what is to happen soon enough. I truly believe that.

Respectfully yours,

aferriss