Has Iraq created a monster

[Biker]

Dinar Traders ~ turning their homes into shops for the banking pending delete zeros dinar ...

July 20, 2011

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

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.

http://www.almustakbalpaper.com/ArticleShow.aspx?ID=5973

Posted by Kel at 7/19/2011 10:41:00 PM Labels: "Iraqi Currency Iraqi Dinar" - "Remove Zeros", Iraqi Dinar RevaluationGoooooo RV

[oleman]

This is a rerun of this post.

[Biker]

LOL Sorry , Im Bad

[FRUSTRATED]

This would not be happenning if the GOI would stop dragging this out !!!!!!!!!

[Francie26]

An occasional re-run of information is not a deliberate insult, nor is it a slap in the face of those who have read it before. I, for one, had not read this article, and I am glad I had a chance to do so. What I can't figure out is how others here can locate so quickly a link to every article that's ever been posted here. I could have read this article a dozen times and still been unable to find it when someone posted it again.

[FlintNPebbles]

An occasional re-run of information is not a deliberate insult, nor is it a slap in the face of those who have read it before. I, for one, had not read this article, and I am glad I had a chance to do so. What I can't figure out is how others here can locate so quickly a link to every article that's ever been posted here. I could have read this article a dozen times and still been unable to find it when someone posted it again.

Me too...although I do read often enough where I have noticed a lot of repeats in the past few weeks. Not that I care....others reply and I get their POV too.