Dinar RV Report


THE INTENT: THIS REPORT IS TO SHOW THE CONSISTENT PATTERN OF EVENTS THAT HAVE BEEN DOCUMENTED OVER THE LAST 5 YEARS.WE'RE GOING TO START WITH THE OLD AND GET TO THE NEW, SO PLEASE BE PATIENT, IT'S ALL AMAZING STUFF!

THE PLANNING: IT WAS ORIGINALLY ORIENTED BY DR. SINAN SHABIBI AND I'M SURE THE CBI COMMITTEE TO BRING IRAQ OUT OF THE SANCTIONS WITH AN ECONOMIC RE-INSTATEMENT OF THE TRUE VALUE OF THE IRAQI DINAR WHEN THE TIME WAS RIGHT. I HAVE INCLUDED A COUPLE OF STATEMENTS BY ECONOMISTS, FINANCE COMMITTEE MEMBERS AND THE CBI DEPUTY GOVERNOR MOHAMMED SALEH STATING THAT IN ORDER TO HAVE THE RIGHT ATMOSPHERE FOR THE REVALUATION OF THE CURRENCY THEY HAD TO HAVE POLITICAL, SECURITY AND ECONOMIC STABILITY.

RATE: YOU DON'T GET OFF THAT EASY, I WILL TELL YOU WHAT I THINK THE RATE IS SOMEWHERE IN THE BODY OF THE TEXT, PLEASE READ ON!

DATE: AGAIN, AFTER YOU HAVE READ SEVERAL OF THE MESSAGES IN THE BODY OF THIS TEXT YOU WILL FIND MY PREDICTION SOMEWHERE IN THERE!

WHY: WHY I FEEL THE WAY I DO IS GOING TO BE NEAR THE BOTTOM OF THE PAGE, ENJOY THE READING IT'S NOT THAT LONG AND YOU REALLY DO NEED TO SEE THE CONSISTENCY OF THINGS. I WILL PLACE VARIOUS COMMENTS FOR YOU TO READ ALONG THE WAY WITH THIS (* *...)!
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 April 13th 2010. Tags: WTO

“Iraq needs a new study for its economic system to be a member in the World Trade Organization (WTO),” an official in the Iraqi Finance Ministry said today.

 ”The Iraqi committee gave its final results about the Iraqi acquisition of the membership in the World Trade,” The Economic Advisor in the Finance Ministry, Abdul Alim Kadhim, told The Independent National News Agency of Kurdistan (AK news)

The Committee called for reducing the difference between the U.S. dollar and the Iraqi dinar, activate the role of the private sector, open the world markets in Iraq with customs on imported goods that commensurate with the economic laws applied in the country,” he added.

       

 ”The organization called Iraq to pay half of its debts, in order to be a member in the WTO which will improve the economic and commercial situation in the country,” Kadhim pointed out.


He stressed on the need of improving the Iraqi economy according to modern economic frameworks found at the present time among the economically developed countries.

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**Exerpts fron Shabibi’s speech at the Chamber of Comerce in NYC

April 19th 2011

Shabibi: AH… we collect questions and we respond to them one by (mumbling) ok we respond, well thank you very much for this  question and ah… ah… (long hesitation) of all the things I know of this I can not tell you, (laugh) but the thing is, No I think that the question is all, you can not have an economist saying without, chance are it depends, so the question here is actually a revaluation with ah… which really is going to depend on, on to what extent we are, don’t continue ah… let us say, controlling inflation, ... (Talk about incoherent mumbo jumbo!) his answer continues for several minutes yet with no real conclusion.

Then the second question is asked to him about the removal of the three zeros:

Question two: Thank you governor this may be the same question so I can understand if you can’t answer it but, I’ve heard a report that, Oh, my name is Bob Kelly,

I’m an investor in Iraq, the Summit Hotel in the international zone, with the Opec financing, but I’ve heard a report in the last couple of days that Iraq is about to cut

three zeros off the currency and that they call that re-denomination, that may be the same question that you just received but I wondered if you had any information on that?

**Here is a partial excerpt of what he said more toward the end of answering this question from his very mumbo jumbo answer to it, but this really is an answer to the first question in disguise....So, ah… the only way to combat all of these things at the time is increase the denomination of three zeros. I think, I think ah… to bring back the Iraqi Dinar, were actually the three zeros are removed, and of course you have to, this will have gone hand in hand with monitoring of the exchange rate and all these things and, and you will see I think now it is, it is probably ah… we are, we are studying, not studying, we haven’t decided actually when to remove that, remove these three zeros it’s very soon, but of course, this requires not only the central bank activity, this requires, because I mean something you have to make a lot of propaganda,...

* * OVER THE YEARS I'VE COME TO REALIZE THAT THE IRAQI OFFICIALS NO MATTER WHAT CAPACITY THEY'RE AT LIKE TO GIVE YOU HOPE, BUT WITH LANGUAGE THAT IS FAR FROM THE TRUTH!

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Central Bank of Iraq to retract from the process of deletion of zeros

  September 13th 2011

خاص _بغداد بوست _ Special Baghdad Post

أكد البنك المركزي العراقي انه لاتراجع عن مشروع حذف الاصفار مؤكداً وجود قوى سياسية لتعطيل مشروع حذف الاصفار . The Central Bank of Iraq was to retract the deletion of zeros from the draft confirming the presence of political forces to disrupt the project to delete the zeros. وقال نائب محافظ البنك المركزي مظهر محمد صالح لـ"بغداد بوست " أن " البنك المركزي عازم على إعادة هيكلة العملة من خلال حذف الاصفار بعد ان يشرع البرلمان العراقي قانوناً مناسباً وتعطيل مشروع قوى سياسية تحاول تخريب الاقتصاد العراقي ". The deputy governor of the Central Bank of the appearance of Mohammed's "Baghdad Post" that "the central bank is determined to restructure the currency through the deletion of zeros after the Iraqi parliament is prescribed legally appropriate and disable the draft political forces trying to sabotage the Iraqi economy." وأضاف إن" تأخير مشروع حذف الاصفار الثلاثة من العملة العراقية خاطئه جدا ويجب الاسراع بعملية حذف الاصفار لنهوض بالواقع الاقتصادي العراقي" . He added that the "delay the project to delete the three zeroes from the Iraqi currency is very wrong and should speed up the process of deletion of zeros to the advancement of the economic reality of Iraq."

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 September 14th 2011

THIS IS FROM AN OLDER ARTICLE TRANSLATED AS YOU SEE FROM ARABIC…  (you're just getting a smidgen of it, it's long!)

لا تتناسب فئات العملة الحالية مع الوضع الاقتصادي الراهن والمقبل.فعلى سبيل المثال وقبيل اندلاع الحرب العراقية الايرانية كانت فئة الـهل حان وقت حذف ثلاثة أصفار من العملة العراقية

Is it time (for) deleting three zeros from the Iraqi currency 25 دينارا تعادل 75 دولارا بالقوة الشرائية لذلك الوقت او ما يعادلها في الوقت الحاضر 300 الف دينار.  Categories do not fit with the current currency of the current economic situation and the next. For example, before the outbreak of the Iran-Iraq war was the category of 25 dinars equivalent to $ 75 purchasing power of the time or the equivalent in the present 300 thousand dinars.ونحن بحاجة اليوم الى اعادة هيكلة العملة.  We need today to restructure the currency.


http://translate.google.com/translate?sl=ar&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.middle-east-online.com%2F%3Fid%3D117385

(link still good)


* * AND OF COURSE HERE THEY GIVE YOU THE VALUE OF THE DINAR BACK IN THE GOOD OLD DAYS!  BASICALLY 3USD TO 1 IQD!

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 Iraq Economic Committee: deletion of three zeroes from the Iraqi currency will increase confidence internationally

Posted: October 4, 2011

Economic parliamentary: the deletion of three zeroes from the Iraqi currency will increase the confidence internationally. The decision of the Economic Committee in the Iraqi parliament on Saturday that the deletion of three zeros from the Iraqi currency will increase the confidence and international credibility in Iraqi currency, noting that the Central Bank of Iraq has a real strategy on the matter, adding that the dinar Iraq will be the strongest in the Middle East.

* * (it dawned on me that this could mean because of the backing, Iraq’s resources)

The Mahma Khalil told the Kurdish news agency (Rn), announced today that “the Iraqi government go really about the process of removing the zeros from the Iraqi currency and giving the fundamental pillars of it, so that there is a balance between the value in the hands of the citizen with the appropriate and value of the real exchange rate in the market.” . Noting that “the deletion of zeros will increase the confidence and international credibility in Iraqi currency, particularly that Iraq possesses huge economic resources.”


* * ALL READY IN 2011 THEIR TALKING ABOUT AN OPEN MARKET ECONOMY USING THE WORD INTERNATIONALLY!

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CBI: Deleting the zeros law will strengthen value; Economist says Dinar to equal one USD

  October 10, 2011
 

Dinar is equal to the dollar
Deputy Governor of the Central Bank of the appearance of Mohammed Saleh: that the bill included proposals for a new currency and the groups that carried and details of technical and economic.

Saleh pointed out during the permit media to switch the currency and the 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 in the favor of the view that,

This law, if approved, will have a positive impact on the Iraqi currency in several aspects of the need during the next phase, which will strengthen the value of the Iraqi currency. He described the favor of a system of cash payments of the current Iraqi regime miserable, noting that the largest denomination in which value does not exceed twenty dollars, stressing that the deletion of zeros will enhance the value of the Iraqi currency, and reduces the cost of handling cash, currency should its current estimated size of today Petrlionat dinars, making the process of dealing monetary cost is high. And the concerns of rigging the new currency in the event made or it will affect negatively on the economic situation, responded in favor of: that it reflects the look bleak, do not forget that there are 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 thus Iraq is not engaged in unknown waters or walking on the road did not knock him one before is likely to include the new currency for the population of the coin by the paper.

The increased zeroes on the Iraqi dinar to the days of inflation, which came on the value of the Iraqi currency as a result of previous wars and the subsequent economic blockade was over, the currency of Iraq to the paper was printing the former regime, issued in large quantities without the cover, while the Iraqi dinar until the mid-eighties equivalent of more than three U.S. dollars. But the adviser to Iraqi Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge said in a press statement: that corruption is rampant 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. He pointed to what he said that he was pitfalls will change the currency, and the deletion of zeros, including the risk of fraud and increasing the demand for goods for reasons of fake due to payment of dinars instead of a thousand dinars, as now, explaining that the re-printing of new currency will have the costs of expensive, stressing that attempts will be made to convince the bank Central plans to slow down in this regard.

Previously, the President of the Iraqi Securities Commission confirmed that, earlier, that the deletion of zeros from the Iraqi currency will not affect trading in the Iraqi Stock Exchange and its shares. The director of a money transfer companies externally Sami Rashid: I think that lifting the zeros from the currency will increase confidence in the currency, and will lead to increased purchasing power of citizens, and the phenomenon of trading blocs will drop large cash used by Iraqis since the nineties. He believed economic analyst Talal Jassim said the switch of the Iraqi currency a necessary but pointed to the need to provide the conditions necessary for its implementation, particularly the security and political stability, adding that the relative stability of the Iraqi currency after the issuance of currency recently, and the result of the return link Iraq to the global economy and the availability of reserves of foreign currency due to oil exports , encouraged the Central Bank to consider the deletion of zeros. Jassim (economist) added that the lifting of the zeroes of the three will lead to an exchange rate of one dollar per dinar to Jasim, who called to the need to follow the policies of peaceful citizens and to persuade them to get used for a period not exceeding two years.


These are all articles from my site! Here’s one of the pags:  https://sites.google.com/a/easyenglish4u.com/www/central-bank-iraq-articles/central-bank-iraq-related/central-bank-related/central-bank-related-older-archived


* * KEEP THIS IN MIND, EARLY ON IN THIS PROCESS THE ECONOMISTS GOT IT WRONG ALL THE TIME BECAUSE THEY WERE ONLY ASSUMING THEY KNEW WHAT THEY WERE TALKIONG ABOUT WITH CERTAIN ASPECTS OF AN RV! BUT, 1 TO IS OFTEN MENTIONED AS WE PROGRESS DOWN THE PAGE!

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Iraq Coinage One Step Closer to Reality

October 19, 2011 

Iraq may soon see its first circulating coinage since 2004, but it might be quite different from what was used in the past. Alsumaria Iraqi satellite television reported on Sept. 3 that, “The denomination of the Iraqi currency reached its final stages as the study and draft resolution reached the Cabinet after being sent by [the] Iraq Central Bank. Iraq Central Bank said that it won’t only delete the zeros, but it will also change Iraq monetary structure in order to provide bigger currencies. According to this project, coins will appear again in the Iraqi currency. As for the bank notes, the Central Bank will recourse to international institutions to print them.”

* * DID YOU PICK UP ON THAT PHRASE,"CHANGE MONETARY STRUCTURE?"

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In an article titled: Ministry of Finance refuses to apply the Commission’s decision to support the economic sector, the private banks

December 17, 2011

In this side said an adviser to Prime Minister for Economic Affairs Abdullah Al-Hussein Anbuge in a press statement that the phase transformation to a market economy requires a private sector a more active role and be directed to the economy of the country, pointing out that such approach requires the creation of a bank Ghaderaly mobilization of financial savings will be huge waiting for Iraq, and that, especially coming on the stage of economic growth and broad, as well as follow-up of the various economic projects, and stand at the economic feasibility verified. He Anbuge in his statement that the process of economic reform requires that the head of government banks towards lending to private banks, to expand its work and services

that must be provided to the local economy. Experts argue that the trend toward a market economy in Iraq requires the activation of the private sector and support, especially in the banking sector so as to enable it to support investment projects and the various economic at the same time attract foreign capital to work in Iraq.


* * KEEP THIS IN MIND, THEY USED TO USE THE WORD ACTIVATE OFTEN. ACTIVATE IS A VERB USED TO INSINUATE A SUDDEN EVENT!

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CBI wants Iraqis to drop the dollar in internal commercial transactions

June 29, 2012


The Central Bank has decided to remove three zeros from the dinar, a move it sees essential to strengthen local currency and tempt Iraqis to stick to it. For months, the bank has been mulling the issue but only recently it said a decision has been made and it was a matter of time to translate it into action. The knocking out of zeros will save Iraqis using massive sums of paper money in their transactions,” said Central Bank Deputy Governor Mudher Saleh.


Saleh, speaking in a seminar on currency organized by the High Institute of Accounting in Baghdad, assured skeptic Iraqis that the removal of zeros from the currency “shall not affect your earnings, wealth, financial transactions, financial obligations and duties.” He said, on the contrary, the Iraqi economy and Iraqi citizens were to benefit from the move. The Central Bank, awash with hard cash reserves estimated at more than $60 billion, is working hard to boost the dinar’s value against major convertible currencies.


A firmer currency along with the removal of zeros has been among the bank’s priorities. But Saleh said the bank was concerned to see the economy being dollarized and one target behind the new move was to lessen dependence on the dollar in domestic transactions and dealings by Iraqis. A dollar is now worth about 1,200 dinars.


* * OK, THIS ARTICLE IS AMAZING BECAUSE IT'S CONTRADICTORY, ON ONE HAND HE SAID IT WON'T AFFECT THEIR WEALTH, NOW, BUT IT WILL IF THEY HAVE ANY DINARS IN THEIR MATTRESSES! ALREADY BEFORE THE STATEMENTS START COMING OUT THIS IS THE FIRST INSINUATION ABOUT DE-DOLLARIZATION.

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CBI: Continue with the deletion of zeros despite calls to delay, wait

July 7, 2012


Baghdad/JD/…Member of the parliamentary Finance Committee and Attorney for the State of law Coalition Haytham Al-Juburi, that the Central Bank of Iraq informed the Committee that the deletion of zeros past despite Government demands a wait …

Transfer Al-Juburi/JD/: Deputy Central Bank Governor Mohammed appearance on the sidelines of the meeting yesterday “that the Bank is in the process of deleting zeros currency will be put on the first of January or after a short period.”. He added “that the Central Bank works to persuade the Government to delete the currency switch positives zeros and put forward early next year.”.

* * (THE FIRST OF THE YEAR IS THE TARGET)

He said the Central Bank has the right to replace the currency by regulations and instructions that authorized him to even without legislation by the House of representatives. “.

Promised parliamentary Finance Committee member and Deputy from coalition of State law to wait to put the currency requested by the Prime Minister of the Central Bank is coordination between fiscal policy and economic policy “.

The Central Bank has sent an official letter to the Iraqi Council of Ministers includes pros switch currency … She is a member of the parliamentary Finance Committee and MP for the Liberal block Magda El-Tamimi, yesterday, Saturday, for/JD/that “Central Bank Governor Sinan Al-Shabibi met with Prime Minister Nuri al-Maliki and spoke about the wait to switch currency and delete the zeros and the money supply.”


Tamimi said “that the Central Bank in an official letter to the Cabinet of Ministers ensures the pros switch currency and delete the zeros to reduce the money supply and to facilitate business processes and other” … And remedied “but the cabinet so far has not responded to the Bank’s book.”.

Tamimi said “the Government supports the Finance Committee to wait till the present time not suitable for switching currency, we fear the emergence of counterfeit currency dealers Division.”. According to the parliamentary Finance Committee member and MP for the Liberal block “switch currency after 2003 witnessed the emergence of economic Division and dealers were counterfeit currency in the market, maybe switch currency at the moment is in addition to the money supply will grow more.”


The Central Bank has said in the past week put new Iraqi currency after deleting zeros in January. Central Bank Governor Sinan Al-Shabibi/JD/”Bank will put up new Iraqi currency after deleting three zeros in 1/1/2013.”


He was Governor of the Central Bank has stated that “there are numerous and many misgivings on its implementation of the Bank is keen to be a safe and easy exchange.”.

The parliamentary Finance Committee revealed earlier Central Bank contracted with major companies to print the currency of high quality paper. “


She is a member of the parliamentary Finance Committee Magda Tamimi “cost actions devoted to switch currency at 150 million dollars.

* * THAT WAS 2012 AND NOW IT'S 2014 ALMOST 2015 AND TAMIMI IS STILL IN THE LOOP IN THE FINANCE DEPARTMENT, WHAT DOES THAT TELL YOU?

She noted that the “switch currency withdrawals be gradual through the check-in process at banks,” “currency be withdrawn gradually and not once as in the previous switch.”.

Tamimi noted that “the Finance Committee as a follow-up to the work of the Central Bank and abreast of what is going on with the printing of the new Iraqi currency. “The Finance Committee member of” parliamentary speech, “Central Bank Governor Sinan Al-Shabibi” deposit in banks when switching the currency would be in one place and controlled to protect the currency from counterfeiting. “

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CBI, Finance Ministry and Finance Committee reach agreement on currency reform; No objections

   July 7, 2012

Committee reveals tripartite agreement on the project to delete the zeros from the currency

BAGHDAD / Center Brief for the Iraqi Media Network – The member of the parliamentary finance committee that all parties involved to study the project to delete the zeros from the currency in line with each other and there is no objection to the project. Said Secretary Hadi’s (Center Brief for the Iraqi Media Network) that his committee “and the Ministry of Finance and Central Bank do not have any problem to the project to delete the three zeroes from the currency to be considered a project aimed at improving the economy.”   He said Hadi that “the Finance Committee recommended the Ministry of Finance and the Central Bank to develop a plan to ensure no rigging of the new currency in the inside or outside the country,” noting thatthe central bank was able to answer the inquiries made against him by all interested parties on the draft to delete the zeros.”  The government decided last week to wait to apply the draft to delete the zeros from the currency as a result of what she called “the economic problems expected to occur by the process of deletion of zeros.  Revealed the Finance Committee in Parliament that the budget for next year will be the new currency, the central bank as he emphasized that he needed two years to replace all the currency in Iraq.

* * AGAIN, BUDGET FOR NEXT YEAR! (YEA, 2013)

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Iraqi currency change to take effect next year

July 18, 2012


Many doubt that removing the zeros on the Iraqi Dinar will strengthen its value. As per a plan by the Central Bank of Iraq (CBI), new banknotes will be printed and introduced into the market starting from the beginning of 2013. The new banknotes will have three less zeros and the text and design will be modified as well. Although, some economists argue that the disadvantages of the change outweigh the advantages, the CBI will start the implementation of the plan at the beginning of 2013 without the approval of the Council of Ministers.


“The zeros are removed for the purpose of increasing the value of Iraqi Dinars in a way that one Iraqi Dinar will be equal to one US Dollar,” said Mahma Khalil, decision-maker of the parliament’s Economic and Finance Committee, who argues that due to the increase in the oil and gas revenue of the country, the currency change is needed. It is expected that this year’s oil revenue will reach USD 100 billion; and by 2014, this number is expected to rise to USD 300 billion. Dr. Ahmed Chawsheen, another member of the same committee, however, rejects this idea and argues that the value of money does not increase by removing zeros but rather by the development of industry and increase in domestic production. By production, MP Shawsheen does not mean only oil and gas, but rather producing majority of market demands domestically, “then the value of currency increases automatically.”


Aiyob Smaqayee, an economist, also argues that without a strategic planning for economic development, removing zeros would not only have little positive impact, but on the contrary

may lead to negative effects on the economy. A number of countries such as Turkey, Brazil and Argentine have in the past removed zeros from their currencies, but due to lack of strong economic policies, their currencies failed to gain notable value, and even depreciated afterwards. Preventing or paving the way for money forging? MP Khalil told the Kurdish Globe that by changing the currency, the possibility of forging money would be lowered, and hence he has expressed his support for the CBI initiative. MP Dizayee, however, does not agree with his committee’s head in this respect, and states that changing the currencies will create a complication in the market and paves the way for corruption and misuse.


“The banks might change the currencies easily for a group of people but not for another group,” Dizayee told the Kurdish Globe. “Moreover, there might be some wealthy people who keep their money to change it at a later stage if they think they make a profit out of it. These will create chaos in the market.” Reports have also indicated that in some countries, influential people had changed the old currencies in the banks and then withdrew them several times and changed them back again. Iraqi is already at the top of the list of the world’s most corrupt countries and this fact increases the possibility of further corruption through the currency change process.


Decreasing trust in Iraqi Dinars

In addition to internal chaos, Smaqayee also believes that changing the Iraqi Dinar several times would diminish the trust in the currency in the world markets and hence push its value down. While Dizayee believes that printing new banknotes would cost a lot and is a burden on the CBI, Khalil states that the cost is only USD 125 million, which is not significant compared to the USD 65 billion balance of the CBI. Smaqayee also argues that collecting the old notes and destroying them is yet another additional cost.


The nominations of the new banknotes

Khalil says the new currency will be in the shape of coins and banknotes. The coins will be in different nominations like IQD 0.25, IQD 0.5, IQD 1 and IQD 2. And the nominations of the banknotes will be IQD 5, IQD 10, IQD 25, IQD 50 and IQD 100. Moreover, for the first time the Kurdish language will also be used on the new currency in addition to Arabic and English, with a proposal to print a picture of a historical site in the Kurdistan Region on one of the denominations. According to the CBI plan, the new notes will be introduced in early 2013 and the changing process will be done gradually over a period of two years, during which both the old and the new currency will be used in parallel.


* * I LOVE THIS ARTICLE WITH THE LOWER VALUES IN IT, IT REAKS OF A VERY VALUABLE IQD!

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PUBLISHED BETWEEN APRIL 15TH AND MAY 15 2013

THESE NEXT SEVERAL STATEMENTS WERE CUT FROM AN ECONOMIST’S ARTICLE THAT ANALYZED THE IRAQI ECONOMIC SITUATION AND THEN MADE SUGGESTIONS DURING MALIKI’S REIGN!

Quick solutions (short-term): (EVERYTHING THIS ECONOMIST SUGGESTED BOTH SHORT AND LONG TERM IS DONE!)

• 1 - to reduce pumping hard currency (cash sales) in the central bank auction and the adoption of increased foreign remittances. * * (THIS IS REFLECTED IN LETTERS OF CREDIT)
• 2 - cash sales price increase in the central bank auction for the equivalent of selling price in the auction of foreign remittances in order to cancel the profit realized because of the difference between the two rates.

• 3 - buy and sell foreign currency for remittance companies and financial companies to mediate done by licensed banks in Iraq in order to reduce non-compliant transactions of the conditions and procedures adopted.
• 4 - forcing traders and dealers in the areas of trade exchange between Iraq and neighboring countries to deal financial transfer and letters of credit instead of cash purchases.
• 5 - commitment to a transparent auction information and cash transfers and development of an electronic information system.

Radical solutions (long-term):

• 1 - the audit of the financial policy of the state and reduce inflation in operational spending.
• 2 - need to speed up plans for banking reform measures in order to facilitate the cash exchange.
• 3 - to improve the tax code and work to expand horizontally while reducing tax evasion.
• 4 - activate the law of customs tariff because of its important role in providing incentives for producers with economic advantage, leading to a reduction in the volume of imports as well as improved operating income.
• 5 - improve the business environment in order to raise economic efficiency of production companies and local productive enterprises that will reduce imports and increase the intake of foreign currency through export and attract foreign investment.
• 6 - the use of modern electronic mechanisms in the distribution of salaries and the use of bank instruments and encourage saving. * * PHONE BANKING
• 7 - can issue a new currency or deletion of zeros from the current currency to have a positive psychological effects on the local currency dealers.
D. Kamal Al-Basri

* * YOU ONLY GOT THIS PART, THERE'S MORE TO THE REPORT ON THE LINK

http://translate.google.com/translate?hl=en&ie=UTF8&prev=_t&sl=auto&tl=en&u=http://www.albabelyia.net/%3Fp%3D5959&sandbox=0&usg=ALkJrhijqyUO9lXuFZ4oaA8nvOBFCFcKJQ

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ECLAC: delete zeros from the currency and restructuring is necessary to support the country's economic identity, especially after chapter 7 


Saturday, 06 July 2013

{Baghdad: Euphrates news} the parliamentary Economic Committee pointed out that the deletion of zeros from the currency and restructuring is necessary to support the country's economic identity, especially after the end of Chapter VII. Committee members said mehma Khalil and Abdul Hussein abtan told a press conference in the Parliament building attended by correspondent {forat news} we are "on the parliamentary Economic Committee feel that the time is appropriate to start deleting zeros from the currency and restructured to support the country's economic identity and for the benefit of the people." Khalil said that "after Iraq from chapter the dimensions, terminals and many promising and substantial benefits to the country's economy to support economic identity, Iraqi dinar, this case is purely economic objective of maintaining currency." Khalil called "Central Bank of Iraq to start deleting zeros of the Iraqi currency and restructured, adding that the project is an old Central Bank has demanded that the Government should wait until the appropriate time and today we see that the

time has come to start this project."

"As there is a clear constitutional provision provides for the issuance of coins and currency for economic purpose and benefit of the people, and today the Commission considers that the time is appropriate, given that there are promising the Iraqi economy to support economic identity, Iraqi dinar, the currency did not know her and promising future quotas." He said that "in light of the country's great potential and promising economic stations, we hope to be the next financial budgets." The parliamentary Economic Committee member Khalil mehma "current currency large bloated latlik of the country and the people a strong desire to keep the Iraqi dinar to the dollar and other currencies compete." Member of the parliamentary Economic Committee on citizen Abdul Hussein abtan block has indicated that "the Central Bank said the reserves reached $ 76 billion and have Iraqi dinar befitting the country and these deposits and payments it is delete zeros and structuring currency has become an urgent necessity."

* * (IT WAS URGENT IN JULY OF 2013)

"It is not reasonable to have Iraq reserve has reached $ 76 billion, and we are still dealing with 1,300 dinars to the dollar, then what is the benefit of these stocks and funds if not reflected positively on our citizens, where the unemployment rate is 7% and over 20% and the edge of the poverty line when more than 30%. Abtan said "we believe that the Iraqi dinar must improve against the dollar as it is not true that the reserve of the country today has reached $ 76 billion Iraqi dinar at 1280 for aldollar". "The improvement in the status of the Iraqi dinar is reflected on the lives of citizens and the purchasing power and everything is in the country of goods is imported, so when the improved purchasing power will be reflected positively on his life and that's what we expect from the Central Bank of Iraq".

The "multiple revenue growth in the country is modest and simple compared to existing privileges and the development of the Iraqi economy depends on vision and management economic profile better than the current situation." He is a member of the parliamentary Economic Committee, Abdul Hussein abtan said that "Turkey and Lebanon were zeros from their currencies, so how about Iraq that owns this alahitati great argument was chapter VII and now has gone and removed, why keep the zeros". Abtan concluded that "an increase in the Iraqi dinar against the dollar is very vital to the citizen, which is not enough to have deposits of billions at the Central Bank against poverty and unemployment, weak purchasing power." Over 1
Mehma Khalil called Central Bank currency structure project.


* * URGENT NECESSITY AND VITAL TO THE CITIZENS!

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Central Bank Governor promises bright future for Iraqis

By Adel Kadhem

Azzaman, July 9, 2013


Iraq’s financial capabilities are stronger than any challenges the country might be facing, said Deputy Governor of the Iraqi Central Bank Abdulbasit Turki. “The near future will be a surprise … our potentials are greater than any challenges we are going to face,” Turki said.

Turki made the remarks during a celebration marking the 10th founding anniversary or Iraq’s Commercial Bank. Turki took over the Central Bank’s administration almost 10 months ago, following a period in which the bank’s former leadership was alleged to have pursued policies detrimental to the country’s economy and the exchange rate of its national currency, the dinar.


Iraqi Central Bank’s coffers are reported to be brimming with hard cash with reserves estimated at more than $70 billion. Turki said the short period in which he has been at the helm of the country’s most influential financial institution has provide him with evidence that Iraq will overcome its economic difficulties with great leaps forward in the near future.


He did not elaborate, but hinted that his bank was negotiating with international banking institutions to open branches in the country and at the same time encourage foreign investment. “We have met delegations from some of the world’s largest banks who are willing to start operating in Iraq,” he said. Turki said his institution wants to turn Iraq into an arena for investment, particularly by foreign firms and entrepreneurs to rebuild its infrastructure. “Iraq is open to all investors willing to invest in it and reconstruct its institutions,” he said.

http://www.azzaman.com/english/?p=855 link no longer good…


* * YOU GOT TO LOVE THE WORDS "COFFERS ARE BRIMMING," LOL!

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Economic parliamentary calls for the central bank put a new strategy to raise the value of the dinar for the advancement of economic reality and to achieve the desired goal

By khabaar khaba 

August 24th 2013

Et Baghdad

The parliamentary economic committee confirmed that the central bank has failed to invest out of Iraq from Chapter VII to enhance the value of the Iraqi dinar against the dollar confirming that it will host a proxy bank governor and officials to find out the reasons

He said the Commission's decision Mahma Khalil during a press conference the parliament building and was attended by the correspondent of the Agency for News News (et) The day balance sovereign Iraqi through more than $ 76 billion distributed in international banks and there is increasing balance and out of Iraq Iraq from Chapter VII is not reasonable to stay exchange rate in the market more than 1,200 Iraqi dinars, demanding the Iraqi Central Bank to improve the Iraqi dinar against the dollar. Khalil said that the central bank has failed to invest historic achievement which Iraq would emerge from Chapter VII, which was supposed to lead to the lifting of the value of the Iraqi dinar against other currencies.


He added that we are in the economic demand that officials at the central bank to develop a new strategy and policy and plan effective over a period of time to raise the value of the Iraqi dinar for the advancement of economic reality and to achieve the desired goal. Between Khalil that there must be a constant balance of Iraq fits with sovereign tally, stressing that there will be a host for acting central bank governor and officials to the Commission to find out what they are planning to him and put a correct policy to sell the dollar and raise the value of the dinar.


https://sites.google.com/a/easyenglish4u.com/www/central-bank-related-1


* * USE OF THE WORDS, SUPPOSED TO LEAD TO LIFTING, IS NOT REASONABLE TO STAY, THESE AREN'T PASSIVE STATEMENTS!

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                                                                          Author: Amina al-Dahabi
                                                                        
October 1, 2013

Categories: Authentic articles Iraq


The Central Bank seeks to delete the three zeros of the Iraqi currency since 2003. The project has been postponed after the Central Bank introduced its amendments, most of the time because of fears based on the most unruly security situation and open market to foreign goods and counterfeit currency circulating on the market in addition to rampant corruption in the country.

The independent Iraqi news agency quoted a member of the Finance Committee in Parliament, Abdul Hussein Al-yasiri in fourth from last September as saying that 2014 will delete the zeros of the Iraqi currency, in coordination with the Central Bank. Al-yasseri said that this project will reduce the size of the national currency in circulation of four billion Iraqi dinars to 1 billion(4/4=1) (THIS WOULD INSINUATE A 4.00 RV THEY DO LIKE TO ROUND ALL THEIR PRINTED FIGURES!)


Said the Chairman of the Finance Committee in the House of Haidar Al-Abbadi for "monitor" it is possible to delete zeros from the current currency, but it has been postponed until after the parliamentary elections, adding that studies are now to establish safeguards to reduce fraud, and make sure that trading in the current currency. The process of deleting zeros was postponed more than once, until called on Parliament's Economic Committee, according to the "East" in channel 7 last July from the Central Bank, to speed up the process of deletion of zeros of the Iraqi currency in a press conference that the deletion of zeros will increase the value of the Iraqi dinar will be reflected positively on the issue of reducing unemployment and poverty in the country.


Read more: http://131.253.14.98/proxy.ashx?h=DxKcdOwjQjdwHMKI8WAuj_2_Ho-9_w3n&a=http%3A%2F%2Fwww.al-monitor.com%2Fpulse%2Far%2Fcontents%2Farticles%2Fopinion%2F2013%2F10%2Fdinar-currency-iraq-plans.html#ixzz2gYukKG6O


* * SPEED UP THE PROCESS!


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CBI announces delivery of 90 tons of gold to support IQD

 April 4, 2014


Range/Baghdad
The Iraqi Central Bank, disclosed Thursday, the arrival of up to 90 tons of gold to support the value of the Iraqi dinar, stating that it contributes to the strengthening of the national economy. The Central Bank said in a statement (term), “to buy 60 tonnes of pure gold from around the world over the past two months in order to support the national currency, dinar,” Noting that “the amount of gold reserves which currently has reached 90 tonnes. The Central Bank, said that “on the gold reserves to support the value of the Iraqi dinar against other currencies and boost the national economy in General.” The Central Bank of Iraq was announced last March, to purchase 36 metric tons of pure gold to raise its reserve, returned it aims to achieve “the highest levels of financial integrity” of Iraq.


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(BELOW ARE VARIOUS STATEMENTS FROM SEVERAL ARTICLES DATED BETWEEN 2005 & 2014 I BROUGHT TOGETHER SO YOU COULD FEEL THEIR NEEDS!)  

THERE WERE MANY REPEATS, BUT TO AVOID YOUR BORDEM I CHOSE TO ONLY INCLUDE ENOUGH TO PAINT THE PICTURE YOU NEEDED! AS YOU FOLLOW THE HIGHLIGHTING AND UNDERLINING TOO, KEEP IN MIND THE DIFFERENCE IN PASSIVE PHRASING AND DEMANDING PHRASING. ALSO, THE WORDS ALLUDING TO BEING IN A HURRY, LIKE URGENT.


     >>>(UNTIL THE NEXT DIVIDING LINE, THIS IS MALIKI’S ERA TALKING)<<<

  • And is a member of the parliamentary Economic Committee, that "the existing reserves in Iraq and put the current economic is not commensurate with the size and value of the local currency, which contains the number of zeros, and the current currency does not befit the status of Iraq and strengthen its economy."
  •  Daini: out of Chapter VII made ​​it necessary to delete the zeros For its part, says a member of the parliamentary economic committee, Nahed al-Daini, in an interview to the (Presse term), that "the deletion of zeros from the currency became a reality, especially after the withdrawal of Iraq from Chapter VII of the Charter of the United Nations."
  • Daini and remember, that "the Economic Committee of the Council of Ministers were wary in the past of deletion of zeros from the currency of many considerations," and turned out to be "out of Chapter VII made it necessary to delete the zeros of the Iraqi dinar absolute privacy."
  • Najib: The project requires a genuine will and solidarity between the legislative and executive branches
  • Najib recalls that "the governing body of the former Central Bank presented a study on the preparation for the project to delete the zeros," and believes that "this study was professional, scientific and included companies that have been agreed with the implementation of the project." The Economic Committee of the House of Representatives, called for in (the sixth of July 2013 now), the central bank to "speed up" the process of deletion of zeros from the Iraqi currency in order to maintain them, and confirmed that it is not in the interest of Iraq, the survival of its currency with so much and irregularly, as indicated that the deletion process will increase the value of the Iraqi dinar and reduce unemployment and poverty.
  • The International Monetary Fund, announced in (the 23 of March 2013), that the funds preventive in the Development Fund for Iraq rose in 2012 to $ 18 billion, and cash reserves of the Central Bank of hard currency to $ 70 billion, and pointed out that this increase came from " unexpected oil revenues, "called on the Iraqi government to end the control of the state-owned banks on the banking sector, he stressed the need for Iraq to strengthen public financial institutions to ensure efficiency and transparency in the use of oil revenues.
  • They expected the U.S. Agency for International Development, (USAID) in (third from last December 2012) that leads the Iraqi economy Arab countries during the five years, stressing that Iraq possessed all the qualifications to be an economically strong state.
  • Member of the parliamentary Economic Committee on citizen Abdul Hussein abtan block has indicated that "the Central Bank said the reserves reached $ 76 billion and have Iraqi dinar befitting the country and these deposits and payments it is delete zeros and structuring currency has become an urgent necessity."
  • And regrets for the postponement of the project because it is economic benefit to the country as long as improve the efficiency of the currency and reduce the impact of large numbers, then dealing with cash needs into categories cash large and small, as will be dealt again categories such as (50 dinars) and (100 dinars) and (200 dinars) in addition to less than the dinar categories such as (half a dinar) and (quarter of a dinar) and (50 fils) and (25 fils).
  • Central Bank of Iraq announced, on January 2012, it is determined to release 3 Iraqi dinar bills of high value i.e. 200, 100 and 50 dinars after the cutting off of zeros from the currency. Dinar re-denomination requires 2 years, Central Bank of Iraq informed.
  • He added: that the success of the actions of the Central Bank in reducing the price of the dollar against the dinar would make one dollar is equal to one Iraqi dinar in the next few days.
  • Ministry of Finance has prepared a plan to increase the value of the dinar against the dollar and then delete the three zeros from the value of the dinar to contribute to the advancement of the Iraqi economy in the coming period, while the Iraqi Central Bank denied the rumors by making the dollar worth a thousand dinars, A statement issued by the Ministry of Finance, the Minister of Finance (Bayan Jabr) said during his recent visit to the Jordanian capital Amman, said the Central Bank of Iraq confounded financially estimated (twenty two) billion dollars and three tons of gold intended to support the dinar, noting that all efforts will be channeled to delete three zeros from the value of the dinar
  • Said Husam Obeid, an economist that the step to delete the zeros of the Iraqi currency has become an urgent necessity in order to raise the value of the Iraqi currency against foreign currencies added to maintain the balance in the market.
  • Chairman of the Board of Directors of banks, economy, investment and finance said that the deletion of zeros from the Iraqi currency has become an urgent need to raise the value of the currency and maintain the balance in the market.
  • He added that the “delete the zeros of the most prominent treatment of the local currency to solve the problem of inflation with the expansion of the investment plan of the budget and reduce spending.”
  • Some economists believe that Iraq is ready for the time being to delete the zeros of the Iraqi dinar, pointing out that the project needs to be political and security stability as well as economic stability, but the Central Bank of Iraq, he had revealed his intention to put forward three categories significantly after deleting three zeros from the Iraqi dinar, pointing out that the process of replacing the currency will take two years and is committed to withdrawing them from circulation three stages.
  • Saleh pointed out that «the Board of Directors has approved the decision to delete the zeros after the completion of designs currency bearing the legacy of Iraq and its history and civilizations, as well as for discussion by the Financial and Economic Committee of the Council of Ministers», stating that «the bank waiting for approval by the Council to begin the replacement of the new currency and which must be with the new financial year and proposed by the Bank with the beginning of the year 2013».
  • Signed by the parliamentary Finance Committee Haitham Jubouri currency to be replaced by deleting three zeros from the end of 2013
  • He International Monetary Fund last August to support the Iraqi economy in the event of his a number of economic measures, including raising three zeros from the local currency.
  • He Jubouri that the next two years will see a different direction with the central bank to make the Iraqi dinar is equal to the dollar by pumping larger quantities of the dollar and sell it at auction project to delete three zeros from the Iraqi currency.
  • Jubouri said that “the trend that the Central Bank of Iraq’s retention rate of the dinar against the dollar during the current period, this index indicates that monetary policy in Iraq is able to make the Iraqi dinar is equal to the dollar” offset any dinar per one dollar.
  • منذ عقود وفكرة إسقاط أصفار عن الدينار العراقي ما تزال قائمة، وهي أصفار تكشف عن التضخم المزمن، الذي يعاني منه الاقتصاد العراقي المريض. For decades, the idea of dropping zeros from the Iraqi dinar is still exists, and zeros reveal chronic inflation, which affects the Iraqi economy, the patient. وإذا ما سقطت أصفار هذا الدينار- الذي كان يعادل في ما مضى (3،3) دولار- فأن الدينار العراقي، كما قيل، سيتساوى مع الدولار، بمعنى (إن ديناراً عراقياً واحداً يساوي دولاراً أمريكياً واحداً).. If the dinar fell zeros - which was equivalent in the past (3.3) dollars - the Iraqi dinar, as has been said, is confirmed, with the dollar, in the sense (if one Iraqi dinar is equal to U.S. $ one) .. وبهذه الطريقة يمكن امتصاص الأوراق النقدية المتضخمة من السوق و
  •  دعونا ندخل في التفاصيل، على الرغم من أني لست اقتصادياً ضليعاً في مسائل المال والعملات، ولكن يمكن تناول الموضوع من زاوية التبسيط بناءً على ما تم نشره مؤخراً وبما له من علاقة مع عالم السياسة من (أن الخزانة الأمريكية تقوم منذ وقت بشراء الدينار العراقي بمعدل (150) مليون دولار يومياً وعلى مدى الأشهر القليلة التي تسبق الانسحاب الأمريكي المزعوم. والتساؤل هنا، لماذا هذا الاهتمام وخاصة فبل الانسحاب؟ ماذا تستفيد منه الخزانة الأمريكية وهي تعاني من المديونية الخارجية، ومن تضخم الدولار الذي لا قيمة ذهبية تغطيه؟!، ثم لماذا تسمح حكومة الاحتلال في بيعه أو تسمح في امتصاص الفائض (بعد إسقاط أصفار الدينار) لحساب الخزينة الأمريكية؟!Let's get into the details, although I am not economically well versed in matters of money and currency, but can approach the topic from the perspective of simplification based on what has been published recently, including his relationship with the world of politics (the U.S. Treasury are from the time of buying the Iraqi dinar at a rate (150) million dollars a day and over the few months preceding the withdrawal alleged U.S.. The question here is, why this interest, especially Fbl withdrawal? What are the benefits from the U.S. Treasury is suffering from external debt, and inflation, the dollar, which the value of gold covered?!, then why allow occupation government to sell or allow to absorb surplus (drop the zeroes after the dinar) for the U.S. Treasury?!
  • The Iraqi Central Bank has already announced its intention to raise three zeroes from the currency in order to reduce inflation and to increase our value of Iraqi dinar.
  • The Deputy Governor of Central Bank intervention who is in favor of the idea originally put forward the idea to delete the zeros from the dinar to the government in 2005, that was adopted by the Central Bank.
  • This requires us to accelerate the implementation of the project to delete the zeros, before of evil consequences.
  • The deputy governor of the Bank, the appearance of Mohammed, in a press statement yesterday, said that the Iraqi currency re prestige to what it was before the Iran-Iraq war and a national duty, we have to be met through the implementation of the project to delete the zeros.
  • BAGHDAD / JD / .. confirmed the parliamentary economic committee in the House of Representatives that the committee demanded that the Central Bank is implementing a project to delete the zeros from the Iraqi currency.
  • And promises to start see the futility of the project as we believe it does not lead to raise the value of Iraqi dinar,, we aspire to embrace the Iraqi Central Bank and economists project that aims to raise the value of Iraqi dinar to its previous value and return equal to (3.33) U.S. $ through a package of procedures and bold decisions.
  • Confirmed to the parliamentary Finance Committee, on Friday, that the implementation of the project to delete the zeros of the Iraqi currency and restructuring depends on the extent of control and control of the Central Bank of the exchange rate of the dinar against the dollar, as called for the adoption of new monetary policies before the implementation of the project.
  • She Najib that “the central bank is still working to control the lifting of the Iraqi dinar exchange rate against the dollar,” afterthought by saying that “political and security situation and economic development at the present time does not help to delete the zeros and the restructuring of the Iraqi currency.”
  • What are the expected reactions to this move?
    - Draft new dinar there, and the Iraqi central monetary authority which is responsible to delete the zeros project is an essential step because this deletion represents a restructuring of the national currency and the initiation of a new currency system.
  • Does the international donor institutions support this move?
    - Yes, that institutions support the restructuring of the currency to facilitate the deal.
  • The Alwani that “the deletion of zeros from the currency needs to be reviewed and in-depth study, because it depends on political situation and security and economic development in the country,” he said, adding that “the currency change would require a political consensus because the currency is one of the symbols in a sovereign country.”


>>>>>>>>(EVERYTHING BELOW IS AFTER ABADI TOOK OFFICE)<<<<<<<<


  • BAGHDAD / obelisk: Parliamentary Finance Committee demanded, the Iraqi Central Bank to apply the project to delete the three zeroes from the currency early next year, because of its great importance to support the national currency. (recent 28/10/2014 statement)
  • He noted: "The present time appropriate for the application of the project, especially since Iraq has returned to the regional and international environment after the new government's policy to strengthen relations with all countries, where it will begin the Central Bank to implement the project in the form of stages," calling on the central bank to "start implementing the initial stages beginning the year 2015 ".
  • Yasiri : Delete the zeros from the currency raises the value of the dinar.
  • Committee for Economy and Investment parliamentary announced that the deletion of zeros from the Iraqi currency will be working by next year, while the Finance Committee promised to delete the zeros will contribute to raising the value of the dinar.
  • Announced the parliamentary Economic Committee, Monday, that next year will begin work to delete the zeros from the currency. The committee member said Abdul Salam al-Maliki at a joint news conference with committee member Jawad Alpolanin that "the Central Bank reserves to $ 76 billion in the fund 24 dfi Billion dollars, and the currency in the market Almtdoualh 40 million trillion. " He pointed out that "the deletion of zeros from the currency will be next year."
  • He was a member of the Finance Committee parliamentary Haitham al-Jubouri, had said in an earlier statement to him that "the replacement of the currency and delete Ocefarha will features the best and biggest reduce the size of inflation and revive the dinar due to lack of demand for the dollar, which comes advantages of a large economy of the country, and to replace it will revive the economy Alibd but needs to political and economic atmosphere appropriate to carry out the project without facing any obstacles lead to a deterioration of the Iraqi currency. " * * NOTICE HERE THE WORD SECURITY WAS DROPPED!
  • And a member of the Finance Committee said Abdul Hussein al-Yasiri Center Brief for the Iraqi Media Network (IMN) "It According to official Almkhtabat, with the central bank, it is
    supposed to start during this-General Balastaadadt for deleting three zeros from the local currency."
  • He pointed out that "the local currency will reduce from (four billion to one billion unit) which will make there in the process of transfer of the currency." * * AGAIN THIS IS A (4/4=1 this a $4.00 RV est.) rounding considered!
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>>>>>>>>EVERYTHING BELOW WAS PUBLISHED THIS YEAR<<<<<<<<

In Abadi’s “Document of Honor,” (as prime minister) he mentions these things..

http://www.easyenglish4u.com/abadi-s-document-of-honor-to-his-people

  • Resolve the orientation of the Iraqi economy to a market economy and the gradual abandonment of State for activities Economic.
  • Reconsider the financial and fiscal and monetary policy.
  • Third: to encourage a shift towards the private sector
  •  Change the structure of the industry for the benefit of the private sector and private sector development through
  • Restructuring of state-owned enterprises and converted to the private sector. >>>> * * PER THE IMF'S REQUEST!
  • Coordination between fiscal policy and monetary policy as the foundation of economic policy.
  • Fifth: the administrative and financial reform of government institutions * * PER IMF'S REQUEST!
  • D. Continue the reform of the financial and fiscal policy of the state management system
  • Reload administrative and technical measures adopted in the Iraqi Central Bank in accordance with international standards.

    * * THIS WAS A STATEMENT MADE BY ALBADI WHILE HE WAS THE HEAD OF THE FINANCE COMMITTEE IN 2011

  • The head of the Finance Committee, the parliamentary Haider al-Abadi, had confirmed that the deletion of zeros from the currency Iraq is an important and necessary condition that the procedures associated with sound and correct.  
NOTE: Abadi has laid out a strategic plan if you've reviewed that page to implement a successful government. The one thing he didn't do is put it into a logical application of implementation. So, only a person that is familiar with social, business, military, political and economic procedures can guess which are the most important steps to take first, and as always, there's a multitasking environment that is going on during the whole process.

RATE: I COULD SAY 1 IQD TO 3.00 USD, I COULD SAY 1 IQD TO 1 USD, I COULD EVEN STRETCH MY OPINION INTO A DREAM STATE AND SAY 1 IQD TO 4 USD ACCORDING TO SOME ARTICLES, HOWEVER I HAVE TO GO WITH MY GUT FEELING OF THE ORIGINAL 1.16 THAT SHABIBI MOVED THE FIXED RATE TO AND NEVER MOVED IT AGAIN, BUT I WANT TO QUOTE YOU 1.36USD TO 1 IQD. THERE ARE TWO REASONS, I'M ADDING ROOM FOR INFLATION, AND I BELIEVE THAT'S HIGH ENOUGH SO AS THE ONE ARTICLE SAID, TEMP THE IRAQI'S TO TRUST THE DINAR, I DON'T THINK THEY WOULD GIVE UP THEIR USD AT A 1 TO 1 RATE! I DO BELIEVE IT'S POSSIBLE WE COULD SEE A 1 IQD TO 3 USD RATE, THEN THERE WOULDN'T BE A NEED TO ADJUST LATER AND THIS WOULD PRETTY MUCH GUARANTEE EVERYONE WOULD CASH OUT AND IRAQ COULD GET ALL THEIR DINAR BACK.
 

Economic parliamentary quest to confirm the deletion of zeros from currency

October 14th 2014

BAGHDAD / obelisk:   Confirmed a member of the parliamentary Economic Committee Najiba Najib's quest for its implementation of the project to delete the zeros from the currency. Pointing to the existence of some of the obstacles that have prevented its implementation. Najib said according to the Media Center Brief Alaariqa   "The Committee will host the central bank governor to learn practical steps for the implementation of the project to delete the zeros from the currency and in coordination with the Central Bank to determine the most prominent problems that hindered the implementation of the project." She added that "the project is still subject to extensive studies of the briefing in all its details." The Commission asked for the economy and investment representative, earlier, the central bank need to begin the process of deletion of zeros from the currency to raise its monetary value.

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Yasiri: Delete the zeros from the currency raises the value of the dinar

- October 26, 2014

Legal calls to pass the budget in the form of ancestor

Yasiri : Delete the zeros from the currency raises the value of the dinar

BAGHDAD - Ali al-Moussawi

Committee for Economy and Investment parliamentary announced that the deletion of zeros from the Iraqi currency will be working by next year, while the Finance Committee promised to delete the zeros will contribute to raising the value of the dinar. The former committee member Abdul-Hussein al-Yasiri yesterday that (lifting of the zeroes from the currency economic necessity to raise the value of the dinar against other currencies).

He said (this proposal has Tdarch a long time ago when Shabibi was governor of the Central Bank has agreed to this measure based on economic) scientific data. He explained that Yasiri (deletion of zeros will facilitate the carrying amounts of money for many leading to easy to carry and be stored and handled). For his part, said the economic and investment commission member Jawad al-Bolani said in a statement yesterday that (the deletion of zeros from the currency will be working with next year and the government had a project about deleting three zeros from the currency to reduce inflation quotient currency but it has been postponed). He added that the (foreign exchange reserves at the central bank stood at $ 76.3 billion that traded currency markets amounted to 40 trillion Iraqi dinars). Bolani said that (there are some laws will be discussed in the House of Representatives soon which banks and the central bank law and the law of money laundering and these laws will promote the national economy).

The last part of the parliamentary legal committee submitted a proposal to the House of Representatives for the purpose of passing this year's budget in the form of advances, while stressing the legal expert Tareq Harb he may not pass the budget in the form of advances to lose it legalized. A war of yesterday that (there is money spent in exceptional circumstances experienced by the country where the money spent in the form of expenses and revenues). He said (to try to pass the budget in the form of ancestor is not lawful because the only door that gives legitimacy to the money spent is not non-budget). Meanwhile, a member of the Committee on the gesture in a statement yesterday that the (fiscal year is nearing completion and the federal budget for 2014 did not vote on it until now). He said that (the Committee suggests the possibility of passing the budget in the form of financial advances made to the previous government and the approval of approval because it can not be the survival of the current fiscal year without a budget or pass a federal budget in 2015 instead). He pointed to the gesture (a discrepancy of exports and imports volume, which led to further delays hamper the voting process).

http://www.azzaman.com/2014/10/26/الياسري-لـ-الزمان-حذف-الأصفار-من-العم/?cat=49

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Parliamentary committee calls for the central bank to implement deletion of

zeros early next year

October 28 2014















BAGHDAD / obelisk: Parliamentary Finance Committee demanded, the Iraqi Central Bank to apply the project to delete the three zeroes from the currency early next year, because of its great importance to support the national currency.

A member of the Committee MP Jamal Joker he was "on the central bank to start the implementation of the initial phases of the project to delete the three zeroes from the currency, instead of resorting to the issuance of new editions of the coin with a large class K 50 000 dinars, or other."

He noted: "The present time appropriate for the application of the project, especially since Iraq has returned to the regional and international environment after the new government's policy to strengthen relations with all countries, where it will begin the Central Bank to implement the project in the form of stages," calling on the central bank to "start implementing the initial stages beginning the year 2015 ".

He ruled out the Joker, "for economic problems in the event of implementation of the project during the next few days," pointing out that "the project is one of the important strategic projects of the country being reduces the money supply and works to reduce the rate of inflation in the market."

The central bank is preparing to issue a new edition of the coin category 50 000 dinars, while noting that the project to delete the zeros will be implemented over the next five years.

  http://translate.googleusercontent.com/translate_c?depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sandbox=0&sl=auto&tl=en&u=http://almasalah.com/ar/NewsDetails.
aspx%3FNewsID%3D40543&usg=ALkJrhjOm3wyHt0RJJmjxK1rABn9fPH45g

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A member of the parliamentary Balaguetsadah: the project to delete the zeros is ready and needs to be

applied five years

Wednesday October 29, 2014


Search Bigger

Alsumaria News / Baghdad
Confirmed member of the Committee on Economy and Investment parliamentary, Wednesday, on the readiness of the project to delete

the zeros from the Iraqi currency at the central bank, as pointed out that implementation of the project need to five years, given the political

and security situation of the country is going through. Said committee member Nora Albjara in an interview for "Alsumaria News", "The project

to delete the zeros from the Iraqi currency at the central bank is ready, but is not applicable on the ground for political reasons and security."






She added that "the central bank's policy was provided to implement this project in 2015," noting that "the current situation and what the

 country is witnessing, in order to apply to the project after five years." He said the central bank, earlier, that the project to delete the zeros

will be implemented over the next five years. And announced to the parliamentary Committee of Economy and Investment, in

(October 20, 2014) for hosting the Governor of the Central Bank on the Keywords to discuss the issue of deletion of zeros and anti-money

laundering crimes and develop the work of private banks.



http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sl=ar&tl=en&u=http://www.sotaliraq.com/mobile-news.php%3Fid%3D
173166&usg=ALkJrhjMzHyNE1pGXH84PNmV8eXfKMExew#ixzz3HXUvEY9s

DATE: OK, LAST BUT CERTAINLY NOT LEAST, I BELIEVE STRONGLY, AFTER ALL THE EVIDENCE IS IN THAT THEY MAY RELEASE THE NEW VALUE WHATEVER IT IS BY THE NEW YEAR JANUARY 1ST. THEY HAVE DECLARED IT'S NECESSARY, IT'S URGENT, IT WAS SUPPOSED TO BE DONE WHEN CHAPTER SEVEN WAS DONE, IT IS NECESSARY TO ACTIVATE THE PRIVATE SECTOR, AND NECESSARY FOR JOINING THE WTO ACCORDING TO THE AGREEMENT THEY HAVE WITH THE WTO. BUT NOW, JANUARY 1ST HAS GONE BY!

I'VE HAD TO EDIT THIS CONCLUSION BECAUSE TAMIMI THE BUDGET DIRECTOR ON THE FINANCE COMMITTEE ORIGINALLY SAID, IF THEY DIDN'T GET EVERYTHING FINISHED BY JANUARY FIRST, THEY WOULD HAVE TO WAIT UNTIL MARCH. I ASSUME THE END OF MARCH BECAUSE THAT IS THE END OF FISCAL QUARTER NUMBER ONE IN IRAQ!
NOW, WE ACTUALLY HAVE A TOTAL AGREEMENT AND IRAQ SAYING THEIR GOING FORWARD WITH THE REMOVAL OF THE THREE ZEROS. YOU CAN READ ABOUT IT IN TWO PLACES ON THIS SITE, NEWS ABOUT THE THREE ZEROS AND CENTRAL BANK RELATED! SO MARCH 31ST IS A BIG POSSIBILITY!



                 

 

 

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