CBI: Reveals details of the Iraq new currency will increase by three zeros,

[trooper]

CBI: Reveals details of the Iraq Currency

October 13th, 2011 07:05 am

Palm – the central bank of Iraq, that Iraq’s new currency will increase by three zeros, indicating that he had conducted an extensive study concluded that the lifting of the zeroes will strengthen the value of the Iraqi currency.

The deputy governor of Central Bank of Iraq the appearance of Mohammed Saleh during a media statement: The Central Bank is determined to raise the three zeros from the currency of the new Iraqi and presented its project to the government and the House of Representatives and is awaiting the government’s decision and the Council of Representatives.

Economists and shows that the process of removing three zeros from the Iraqi currency will lead to increased value, and to increase the purchasing power of citizens, noting to the need to pursue policies to persuade the citizens quiet and get a feel for a period not exceeding two years.

And the benefit that the draft lifting the three zeroes from the currency made by the government five years ago to the Central Bank, and has undergone throughout this period to an extensive study over the need to raise zeros to strengthen the value of the Iraqi currency, adding that the deletion of zeros enhance the value of the Iraqi currency and reduce the cost of handling cash, and currency its current estimated size of today Petrlionat dinars, which makes the process of dealing with the monetary cost is high.

The Central Bank of Iraq began to discuss amending the categories of the dinar last year and is still a large part of the payments being in cash due to the evolution of the banking system, noting that the President of the Securities Commission of Iraq has said, earlier, that the deletion of zeros from the Iraqi currency will not affect the circulation of the Iraqi Stock Exchange and shares.

http://www.nakhelnews.com/pages/news.php?nid=11244

[TonyDownTheShore]

CBI is trying to pound this raising of the zeros into Iraqis peoples head for a while now,

my suggestion is JUST DO IT ALREADY.

Thanks for the post

[trooper]

CBI is trying to pound this raising of the zeros into Iraqis peoples head for a while now,

my suggestion is JUST DO IT ALREADY.

Thanks for the post

Yeah they pretty much covered it all here.. Increase the zero's.. Raise the zero's ... Lifting the zero's.... Removing the zero's.. Deletion of the zero's.. the Iraqi currency will not affect the circulation of the Iraqi Stock Exchange and shares.

[Jaysonguru1]

Im not a lopper i think it will rv. but is it possible that the value will be raised by 3 zeros with new currency meaning our bills that are 25k will be 25 bucks and the 25 bills (if made) will be worth 25 bucks so in essence they do raise value so its 1 to 1 but they do it so we dont make a penny?? I hope i explained that right because im afraid they can make currency worth 1 for one but still do it where we make nothing

[easyrider]

Yeah they pretty much covered it all here.. Increase the zero's.. Raise the zero's ... Lifting the zero's.... Removing the zero's.. Deletion of the zero's.. the Iraqi currency will not affect the circulation of the Iraqi Stock Exchange and shares.

if their shares are not going to be affected then that is not a classic RD so this tells me we might all be very happy in the end of this ride. When countries RD they need to adjust everything accordingly that includes shares, stocks, bank accounts etc.

Edited October 13, 2011 by easyrider

[RadioTom]

Im not a lopper i think it will rv. but is it possible that the value will be raised by 3 zeros with new currency meaning our bills that are 25k will be 25 bucks and the 25 bills (if made) will be worth 25 bucks so in essence they do raise value so its 1 to 1 but they do it so we dont make a penny?? I hope i explained that right because im afraid they can make currency worth 1 for one but still do it where we make nothing

That's what I've been wondering too. When they say raise zeros....it could mean an increase in value.

[Dinarabot]

Im thinking that there will be two exchange rates....one for the 3-0's and one with out....

[Heinzy444]

Im thinking that there will be two exchange rates....one for the 3-0's and one with out....

That should simplify things LOL LOL

[dhardage]

That should simplify things LOL LOL

uh huh........simple...............Iraqi (or any) Government.........Good luck with that!

[trooper]

if their shares are not going to be affected then that is not a classic RD so this tells me we might all be very happy in the end of this ride. When countries RD they need to adjust everything accordingly that includes shares, stocks, bank accounts etc.

My thoughts exactly..

[fastarnie]

I just wish Shabbs or Saleh would slip the word of when.