This seems to be talking in circles

[acceb75]

The future of Iraq / special

with the approach of the countdown to reduce the zeros of the Iraqi currency by three zeros to the bottom step of the Central Bank of Iraq to rearrange the rules of the Iraqi economy, began to supported groups inside the Green Zone, assigned to currency traders collect and store a currency U.S. dollar in preparation for phase determine how zeros of the Iraqi currency and Tbdlleha to become a thousand dinars, dinars, and access to the numbers Alumblyaria that invaded the culture of the Iraqi economy.

source from inside the Green Zone, says that some of the condos with leaders and officials and officers turned to the banks not matching the specifications of the storage of financial because they were filled with U.S. currency the dollar, a gain is added to the dealers in this matter than profit rate of 100%, where it will be the amount sold by the Iraqi currency and buyer of U.S. currency the dollar is the same amount will buy him the Iraqi dinar once again after the whistle of the Iraqi currency.

This process has affected and three days ago at the level of trading of the currencies in central Iraq but are invisible to this moment, but will cause major problems on the economic level for the next period.

traders the opportunity who make a living on such stages are active in damaging the Iraqi economy and raise the crisis between the people who started many of them converts from its own funds to the U.S. currency, an approach that is almost universal in Iraqi markets you are looking for safety in the maintenance of its financial resources by turning them into dollars and then deal with the new Iraqi currency, Valqnaah that prevail in the market now, that the process of replacement of zeros of the Iraqi currency, which is moving the government seeking to implement it during the period between this month and the end of this year.

It is expected to break out conflicts and problems in society and in the Iraqi economy if the project was carried out without the education and promotion by the government in the media and open channels of its own government to alter the currency and not to rely on the black market and banking companies, which accuses currently being fed the subject of rumors about what will happen with if the project was implemented as a means to increase the chances of speculation by raising the purchase price of the dollar against the Iraqi dinar in the exploitation of blatant ignorance of the public the fact that a step the central bank.

constituencies economic demanded an integrated program for public awareness and offer transparent to the deletion of zeros, because these decisions are not just decisions purely financial, but is located in the into the daily life of citizens.

[Kimberlye]

Acceb75, where did this come from? I agree, it is confusing. This article says "replacement" of zeros??? To me, that word sounds better than delete and remove, maybe. Hopefully one of our more knowledgeable members can explain what this means.

Thanks for the post,

Kimberlye

[acceb75]

It came from another site and I think a similar version of it was already posted but I still don't really understand. Here is the link: http://www.almustakbalpaper.com/articleshow.aspx?id=5973

[kenshin7]

* Traders are involved in damage to the opportunity of the Iraqi economy .. Officials are turning their homes into shops for the banking pending delete zeros dinar

July 19th, 2011 05:48 pm · Posted in NEWS (Iraq & World Currency)

The future of Iraq / special

with the approach of the countdown to reduce the zeros of the Iraqi currency by three zeros to the bottom step of the Central Bank of Iraq to rearrange the rules of the Iraqi economy, began to supported groups inside the Green Zone, assigned to currency traders collect and store a currency U.S. dollar in preparation for phase determine how zeros of the Iraqi currency and Tbdlleha to become a thousand dinars, dinars, and access to the numbers Alumblyaria that invaded the culture of the Iraqi economy.

source from inside the Green Zone, says that some of the condos with leaders and officials and officers turned to the banks not matching the specifications of the storage of financial because they were filled with U.S. currency the dollar, a gain is added to the dealers in this matter than profit rate of 100%, where it will be the amount sold by the Iraqi currency and buyer of U.S. currency the dollar is the same amount will buy him the Iraqi dinar once again after the whistle of the Iraqi currency.

This process has affected and three days ago at the level of trading of the currencies in central Iraq but are invisible to this moment, but will cause major problems on the economic level for the next period.

traders the opportunity who make a living on such stages are active in damaging the Iraqi economy and raise the crisis between the people who started many of them converts from its own funds to the U.S. currency, an approach that is almost universal in Iraqi markets you are looking for safety in the maintenance of its financial resources by turning them into dollars and then deal with the new Iraqi currency, Valqnaah that prevail in the market now, that the process of replacement of zeros of the Iraqi currency, which is moving the government seeking to implement it during the period between this month and the end of this year.

It is expected to break out conflicts and problems in society and in the Iraqi economy if the project was carried out without the education and promotion by the government in the media and open channels of its own government to alter the currency and not to rely on the black market and banking companies, which accuses currently being fed the subject of rumors about what will happen with if the project was implemented as a means to increase the chances of speculation by raising the purchase price of the dollar against the Iraqi dinar in the exploitation of blatant ignorance of the public the fact that a step the central bank.

constituencies economic demanded an integrated program for public awareness and offer transparent to the deletion of zeros, because these decisions are not just decisions purely financial, but is located in the into the daily life of citizens.

[acceb75]

It still sounds like chaos to me.

[zaborniake]

I think that it means that people are hoarding dollars because they know the currency is about to change, and they know the dollar is good. They aren't 100% on the new dinar value. It's going to take time for them to get used to the fact the dinar will have value similar (hopefully) to the dollar.

[binko]

This is great. All this confusion and run on the dollar - (I mean just how much more valueless can the dinar get! - its just misguided fear) - the confusion and disruption points to the need for a speedy implementation.

And the zeros will go with a simple RV, its the best cleanest quickest solution IMO........everyone will be very happy on the ground and us outside holding the big notes.

[RichNick123]

After reading this over 20 times, I have a different interpretation. Feel free to correct me if you think I am totally wrong. Here is my synopsis:

1. Three days ago the rate and plan was revealed or discovered by government and local government officials.

2. They began to trade currency out of their condos and apartments, non banking institutions.

3. They are using US dollars to buy Dinar at the current exchange rate, 1170, and doing so by using the fear and ignorance of the local population who has trust in the dollar and no trust in the Dinar.

4. Currently this is showing no effect on the local economy but will cause problems later when the new rate is understood by the uneducated locals. The locals will be totally urinated off to find..........

5. The rate of the dinar will be equal to that of the US dollar! There will be an uproar when they find their government officials have not helped them but taken them to the cleaners!

[vato96]

Before long with news like this Iraq may have no choice but to rv because speculation is running wild