More PROOF not rumor of EXCHANGE RATE w/link

[Aqua Dude]

Since the central bank announced a plan to the deletion of three zeros from the Iraqi currency minting a coin to the banknotes currently in circulation.

واستعرض البنك المركزي في حينه المصاعب التي تسببها العملة العراقية بفئاتها الحالية التي تتصدرها حفنة اصفار في التعاملات التجارية. He reviewed the Central Bank at the time, the difficulties caused by the current Iraqi currency Pfiadtha led by a handful of zeros in the trade. ولفت الى المضايقات التي تسببها هذه العملات للمواطن الذي يتعين عليه ان يستخدم اكياسا معبأة برزم من الدنانير لشراء سلع بسيطة. He pointed to the harassment caused by the currency of the citizen who should be used as bags packed stacks of dinars to purchase goods is simple.

كما ان التعامل بأكوام من الدنانير في الحياة اليومية بهذه الطريقة يحول دون استخدام مكائن الصرف الآلي التي اصبحت شائعة في البلدان الأخرى لكنها ما زالت غير عملية في العراق. Also, dealing with piles of dinars in daily life in this way preclude the use of automated teller machines, which have become common in other countries but still is a process in Iraq.

ويعود تطفل الاصفار على الدينار العراقي الى ايام التضخم الجامح الذي أتى على قيمة العملة الوطنية نتيجة الحروب السابقة وما تلاها من عقوبات دولية دمرت الاقتصاد العراقي واحالت عملة العراق الى ورق كانت مطابع النظام السابق تصدره بكميات ضخمة دون غطاء. Due to the intrusion of zeros the Iraqi dinar to the days of hyperinflation that brought the value of national currency as a result of previous wars and the subsequent UN sanctions destroyed Iraq's economy and sent the currency of Iraq to the paper was printing the former regime, issued in large quantities without the lid.

ولكن الاستقرار النسبي للعملة الوطنية وعودة ارتباط العراق بالاقتصاد العالمي وتوفر احتياط من القطع الأجنبي بفضل صادرات النفط ، كلها شجعت البنك المركزي على التفكير في حذف الاصفار. But the relative stability of the national currency and the return link Iraq to the global economy and the availability of foreign exchange reserves, thanks to oil exports, the central bank are all encouraged to think in the deletion of zeros. ولكن القناعة التي ابداها مسؤولون في البنك بهذا الاجراء لاقت تحفظات من مسؤولين في الحكومة وضعوا علامة استفهام على جدوى مثل هذه الخطوة وتوقيتها. But the conviction displayed by officials in the bank this measure met with reservations from officials in the government and put a question mark on the feasibility of such a move and its timing. وفي هذا الاطار لاحظ مستشار رئيس الوزراء للشؤون الاقتصادية عبد الحسين العنبكي في حديث خاص لاذاعة العراق الحر ان الفساد المستشري في مؤسسات الدولة وهبوط مستوى كفاءتها والوضع الاقتصادي عموما في هذا الوقت ليس لصالح رفع الاصفار ، بحسب رأيه. In this context, he noted adviser to Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge in a special interview for Radio Free Iraq that the rampant corruption in state institutions and the low level of efficiency and economic situation in general at this time not in favor of lifting of the zeroes, according to his opinion.

ولكن مستشار محافظ البنك المركزي مظهر محمد صالح وصف نظام المدفوعات النقدية الحالي بالنظام البائس حيث اكبر فئات العملة فيه لا تزيد قيمتها على عشرين دولارا لافتا الى ان هذا الحكم على تركيب العملة العراقية اصدره البنك المركزي بعد دراسة استمرت خمس سنوات. However, Advisor to the Governor of the Central Bank of the appearance of Mohammed Saleh described the system of cash payments current system, where the miserable largest denomination in which not more than twenty dollars worth pointing out that this provision is the installation of the Iraqi currency issued by the Central Bank continued to study after five years.

مستشار رئيس الوزراء للشؤون الاقتصادية عبد الحسين العنبكي نبه من جهته الى المطبات التي ستواجه تغيير العملة وحذف الاصفار بما في ذلك مخاطر التزوير وزيادة الطلب على السلع لأسباب وهمية ناجمة عن دفع دينار بدلا من الف دينار كما الآن. Adviser to the Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge warned his part to the bumps that will change the currency, and the deletion of zeros, including the risk of fraud and increasing the demand for goods and for reasons arising from the payment of fake dinars instead of the thousand dinars, as now.

ولكن مستشار محافظ البنك المركزي مظهر محمد صالح اعتبر ان الخوف من عصابات التزوير ينم عن نظرة سوداوية مذكِّرا بأن دولا أخرى أقدمت على تبديل عملتها وأسقطت منها اصفارا مثل تركيا ورومانيا والبرازيل دون ان يتعرض اقتصادها الى هزات وبالتالي فان العراق لا يخوض مياهاً مجهولة أو يسير في طريق لم يطرقه احد من قبل. But the adviser to the Governor of the Central Bank of the appearance of Mohammed Saleh considered that the fear of fraud rings reflects the look bleak reminder that other countries in deciding to switch its currency and dropped them zeros, such as Turkey, Romania and Brazil, without being of its economy to shocks and therefore, Iraq is not engaged in water unknown or walking in the way of did not knock him one before.

مستشار رئيس الوزراء للشؤون الاقتصادية اشار الى التكاليف الباهظة لاعادة طبع عملة جديدة مؤكدا ان محاولات ستُبذل لاقناع البنك المركزي بالتريث في خططه بهذا الشأن. Adviser to the Prime Minister for Economic Affairs pointed out the high costs of re-printing of new currency, stressing that attempts will be made to persuade the central bank plans to slow down in this regard. ولكن مستشار محافظ البنك المركزي اوضح ان تبديل العملة وحذف الاصفار قرار تتخذه السلطة التنفيذية وتقره السلطة التشريعية وانه مشروع لن يُنفذ بعجالة بل ستؤخذ جملة عوامل في الاعتبار قبل البدء بتنفيذه بما في ذلك موعد السنة المالية وقوة الاقتصاد الوطني من بين مؤشرات أخرى. But the adviser to the Governor of the Central Bank explained that the currency exchange and deletion of zeros decision taken by the executive branch and approved by the legislature and that the project will not be implemented hastily, but will be taken among other factors to consider before you start to implement it, including the date of the financial year and the strength of the national economy, among other indicators.

واعرب مظهر محمد صالح عن تفاؤله بآفاق تطور الاقتصاد العراقي مشددا على ان اصلاح نظام العملة يرتبط بقوة الاقتصاد وان الهدف من مثل هذه الخطوة هو اعادة الدينار العراقي الى قوته السابقة. And the appearance of Mohammed Saleh expressed optimism about the prospects for the development of the Iraqi economy, stressing that the currency reform is strongly linked to the economy and that the goal of such a move is to restore the Iraqi dinar to the previous strength.

المحلل الاقتصادي باسم جميل انطوان رأى ان تبديل العملة العراقية اجراء لا بد منه داعيا الى استيفاء الشروط اللازمة لتنفيذ العملية وفي مقدمتها الاستقرار الأمني والسياسي. Economic analyst Bassem Jamil Antoine believed that the switch to hold the Iraqi currency is not inevitable and called for meeting the conditions necessary for the implementation process, particularly the security and political stability.

مر وقت حتى منتصف الثمانينات كان الدينار العراقي يعادل أكثر من ثلاثة دولارات اميركية. Over time until the mid-eighties the Iraqi dinar was equivalent to more than three U.S. dollars. ويُقدر ان رفع الاصفار الثلاثة سيؤدي الى سعر صرف قدره دولار واحد للدينار الواحد. It is estimated that raising the three zeros will lead to the exchange rate of one dollar per dinar.

ساهم في الملف مراسل اذاعة العراق الحر في بغداد خالد وليد Contributed to the file via Radio Free Iraq in Baghdad, Khalid Waleed

http://translate.googleusercontent.com/translate_c?hl=en&ie=UTF8&langpair=ar%7Cen&rurl=translate.google.com&u=http://www.iraqhurr.org/content/article/24316965.html&usg=ALkJrhjy6Elte44NNzQ2S3BNlTTQGgKMHg

+1 if you like REAL PROOF FROM REAL IRAQI NEWS HUBS

Edited September 3, 2011 by Aqua Dude

[easyrider]

I totally agree they wil come out around the a buck be prepared people.

[goldengoose]

'Aqua Man',

Sorry could not resist changing your name!!!!!

+1 for good news!!!!

Thank you,

GG

[tyron]

It is estimated that raising the three zeros will lead to the exchange rate of one dollar per dinar. :lol: :lol: :lol: :lol:

Don't no one be coming to this thread to rain on my parade now.

[Aqua Dude]

God is good!

All the time!

stay strong yall!

[The Machine]

Cheers for the update ...... lets just hope it happens sometime soon +1

[SurfingTheDinarWave]

This also proves no lop...sorry all you lopsters but your theories are and always will be non-provable theories! Who's the &itch now!!

YAY...Play That Funky Music!!

[tyron]

Hey! who's been giving me all those (-)s for displaying unrestrained happiness?

[Theflyingbird]

I would not complain if it comes out at that rate.

[Shick]

Each day the reading of the forum becomes more and more promising, God I only hope and pray that the day of our waiting will be over and those that has been diligently patient will dance in the street . . . Overjoyed!

[Nelson0528]

Brilliant!!!.... Thanks AD!

[Theflyingbird]

Hey! who's been giving me all those (-)s for displaying unrestrained happiness?

Not I. Feel free to get excited.

[momoney1]

thx aqua my weekend keeps getting better with all the articles, however this one by far is the best yet

[Laid Back]

GO RV => GO STRONG

[WILLB]

I still think it will be higher, but very cool, thanks for the post

[zaborniake]

We'll see. Something is afoot!

Edited September 3, 2011 by zaborniake

[mqchau]

i still don't understand what deleting/raising the zero's fellas do they just want to get our bills out of circulation? or does our dinar 25k bills only worth $25 if the three zeros drop?

Thanks for any clear clarification...thank you

[xyzzy]

This also proves no lop...sorry all you lopsters but your theories are and always will be non-provable theories!

"proves"? Please. Hey a straight up RV would be glorious, but the obvious reading of this is an RD, of course raising (deleting) the 3 zeros will lead to an exchange rate 1000 times the current rate, i.e. around a buck, for the (new currency) dinars that have the 3 zeros removed, not for the (current currency) dinars with the 3 zeros. I don't like it, and if you want to revel in the fantasy then just skip this post, but realistically the article is not proof of a straight up RV to $1, no matter how much we'd all like it to be. Edited September 3, 2011 by xyzzy

[srdedeaux]

I'm sticking to the 3.0 Rate, Go RV, RV, RV........................................!

[otownpilgrim]

Great post AD, thanks.

[easyrider]

We'll see. Something is afoot!

are u phoenix now???? lol "something is afoot" love it when he says that i get this warm fuzzy sensation inside. It just sounds so right yet so weird.

[WILLB]

they said in most of the newest articles that they want to be the strongest currency in the middle east, can't do that at just a dollar since kawait is at 3.67...I say 3.68+ and crosses fingers

[DinarThug]

Hey! who's been giving me all those (-)s for displaying unrestrained happiness?

A +1 from Me. Idk why Somebody gave U a Neg.

Perhaps They felt that U should go to the Dong Site "for displaying unrestrained hapPiness".

:D

Plus 1 to U Aqua Dude for the Great Find ! Ur Awesome Dude !

[ZigsQuote]

i still don't understand what deleting/raising the zero's fellas do they just want to get our bills out of circulation? or does our dinar 25k bills only worth $25 if the three zeros drop?

Thanks for any clear clarification...thank you

That's my question also. I've never understood this three zero issue.

If I own a million dinar, am I gonna now own a million dollars or a thousand dollars?

[xyzzy]

Note that even if a big RV is coming, there can't really be articles that clearly, unmistakably, "prove" it is going to happen. That would just draw in huge amounts of speculation which would be an instant additional foreign exchange liability for the CBI.

I see other threads where folks have promoted the idea that articles discussing RDs are really propaganda designed to repel these same speculators. A country doing an RD would certainly want to extensively publicize it,. So the theory that these articles are only what the appear to be is certainly simpler than the theory that they are part of a propaganda campaign. All else being equal simpler is usually more likely. Also, Iraq is so factionalized that I think such a campaign would be very difficult to execute secretly. Alas I also think that an RV of 1.5x along with an RD of 1000:1 makes a lot more sense for Iraq than a 1000:1 RV alone (or a 100x RV or even a 10x RV I hate to say).

Edited September 3, 2011 by xyzzy