Draft feminine change currency cash in line with economic growth

[.netnodoubt]

Economic adviser: Draft feminine change currency cash in line with economic growth .--------------------------------------------------------------------------------

.27/7/2011 12:00 صباحا 07/27/2011 0:00

.BAGHDAD - Iraq's future

.. Surprised at the appearance of the central bank adviser Mohammed Saleh, a project to change the delay to decide the currency by the executive and legislative branches, saying that the project contributes to the out of economic problems and conflicts in Iraq.

.. He attributed the reasons for changing the Iraqi currency was the result of inflation happening in Iraq as well as improve the value of the Iraqi currency, called on the government to speed up the feminine in the Iraqi currency and re-structure to facilitate cash transactions and projects. .. He stressed the need for feminine Iraqi currency because Iraq has today (30) trillion Iraqi dinars, indicating that with the growth of the economy will grow this money, and thus is enriched these figures on the property itself, while will be numbers Mrhqh, and commensurate with the facility or create a system reforms cash soft and easy to .

.And put on the timing of the coin, and whether it will precede the process of deleting the zeros? .. Between the benefit that the coin will be within the structure of currency and within the existing project and will be the currency after the deletion of zeros from the currency paper.

.. He explained that the purpose of the coin is to cover the transaction currency, considering the small groups of fast trading, especially as the age of the coin longer than cash, as well as that coin will be the proof of the strength of the Iraqi currency.

.. Saleh called on to encourage and support this step as a positive impact on the Iraqi economy.

.. The central bank decided to introduce coins as part of his plan to restructure the currency, which requires government approval and the Council of Representatives for a strategic plan that it will contribute in supporting the Iraqi dinar's value in financial trading.

http://translate.googleusercontent.com/translate_c?hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=ar&tl=en&u=http://www.almustakbalpaper.net/ArticleShow.aspx%3FID%3D6357&usg=ALkJrhjVoGxBsrtjMNcvZg7tbVdLOBUWDA

[merry1]

Good article, thanks!

[Nani?]

I don't understand what the Femanine thing translates as

[1xtradinar]

This is just a re-run. Someone has added their own little leader on it. Cute. But still old news.

[Dalite]

This is just a re-run. Someone has added their own little leader on it. Cute. But still old news.

http://www.almustakbalpaper.net/ArticleShow.aspx?ID=6357

Actually, it is a current article from an Iraqi publication bearing today's date.

Nothing has been added to the translation that I could see, but I included the link so you can verify.

[acceb75]

Economic adviser: Draft feminine change currency cash in line with economic growth .--------------------------------------------------------------------------------

.27/7/2011 12:00 صباحا 07/27/2011 0:00

.BAGHDAD - Iraq's future

.. Surprised at the appearance of the central bank adviser Mohammed Saleh, a project to change the delay to decide the currency by the executive and legislative branches, saying that the project contributes to the out of economic problems and conflicts in Iraq.

.. He attributed the reasons for changing the Iraqi currency was the result of inflation happening in Iraq as well as improve the value of the Iraqi currency, called on the government to speed up the feminine in the Iraqi currency and re-structure to facilitate cash transactions and projects. .. He stressed the need for feminine Iraqi currency because Iraq has today (30) trillion Iraqi dinars, indicating that with the growth of the economy will grow this money, and thus is enriched these figures on the property itself, while will be numbers Mrhqh, and commensurate with the facility or create a system reforms cash soft and easy to .

.And put on the timing of the coin, and whether it will precede the process of deleting the zeros? .. Between the benefit that the coin will be within the structure of currency and within the existing project and will be the currency after the deletion of zeros from the currency paper.

.. He explained that the purpose of the coin is to cover the transaction currency, considering the small groups of fast trading, especially as the age of the coin longer than cash, as well as that coin will be the proof of the strength of the Iraqi currency.

.. Saleh called on to encourage and support this step as a positive impact on the Iraqi economy.

.. The central bank decided to introduce coins as part of his plan to restructure the currency, which requires government approval and the Council of Representatives for a strategic plan that it will contribute in supporting the Iraqi dinar's value in financial trading.

http://translate.googleusercontent.com/translate_c?hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=ar&tl=en&u=http://www.almustakbalpaper.net/ArticleShow.aspx%3FID%3D6357&usg=ALkJrhjVoGxBsrtjMNcvZg7tbVdLOBUWDA

I thought they had 59 trillion?

[.netnodoubt]

This was not a rerun, only very similar to the usual, I like this one because it states the value will improve when zeros removed

[acceb75]

I thought they had 59 trillion?

I noticed that too

[Dalite]

If you want to sort the numbers out, here are two links.

First from the CBI

http://www.cbi.iq/documents/key%20financial.xls

This one explains M1, M2, etc.

http://dollardaze.org/blog/?post_id=00565

I believe the 30t is M1, and the 59t is M2, which the CBI spreadsheet should confirm.

The links above will let you form your own opinion, and have something to back it..