Editorial: The essence of the deletion of zeros .. Technical or economic?
Posted: February 24, 2012
23/02/2012 In Laymen terms...
There are discussions ongoing about the importance of changing the
currency or the deletion of zeros in particular, and most recently told
the CBI on the intention to perform this task next year, this issue is a
technical matter of form, but in fact is directly related to the
general economic situation, it is wrong to the large separation of
monetary policy economic policy, there is a close correlation between
them. There are ongoing discussions about deletion of the three zeros. Most recently the CBI has stated it's intent to perform this task by next year. This is technical matter at heart but is also related directly to the economic situation. It is wrong to separate monetary policy and economic policy because of their close relationship.
And if we wish to offer on such a step we have to look at the
economic reality and analyzed accurately, the country in a difficult
regardless of the talk is much that is said here and there, it’s economy
is not uniform and suffers from gaps seriously, the situation in
Kurdistan separate cases almost in terms of economic processes and
financial and in the provinces are making contacts and initiatives and
attempts to declare the so-called federalism here and there. We have to analyze accurately at the economic reality if we are to take such a step. The country is in a difficult economic situation as it stands and regardless of talk, there are many gaps that are not uniform. There are several gaps in Federalism between the different provinces, like in Kurdistan, the situation is different, we have a problem when it comes to how contracts are signed and economic progress is monitored.
When we take the monetary policy we have to work out an account of
the situation in banking .. The problems of monetary policy in some way
highlight the crisis in the banks .. The problems of monetary policy are highlighted because of the crisis in the banks with the monetary accounts.
Us, nearly seven state banks, and nearly 42 private banks (my family)
.. Research into this issue in isolation from the problem of banks, a
big problem. If we want to be a natural case of banks which is an
essential point for monetary policy, it would be wrong to imagine that
monetary policy can promote and advance unless there is life sound
banking. Ourselves, nearly seven state banks and nearly 42 private banks have done research into this problem. We found that some banks are isolated from the others. So if we want our banking processes to go smoothly, there has to be some advancement in order to have sound banking processes.
Life Banking in Iraq still depends on the state where the two banks
large possess About 90 percent of bank deposits and otherwise, the 10
percent return for domestic banks that are really more like houses by
private and is a big problem for Iraq .. if we like it that we step
forward in this area we have to calculate the account for the reform of
the banking sector is justified. I have seen some of the details
recently. Said that the National Bank, a bank my family, could not
change its location without the
approval of the Central Bank Is this can be true or logically? This is a
very serious matter and you need to discuss seriously. That means if
you had a site in this area and you want to change to another locality,
how to take the time? How many procedures and communications must be
made to achieve this goal?
The second task is the state dealing with private banks as a natural way
to deal with government banks? I think this is now based in Iraq .. Ninety percent of societal banking in Iraq, is still handled by the two largest state banks, while only ten percent is handled by the smaller domestic banks. If we are to move forward, there has to be drastic banking reform and the details have to be cleared up. One example of banking problems is, in order to change locations, we have to have approval from the Central Bank. Does this sound logical? This matter needs serious discussion and in order to do that, many procedures have to be followed and discussions held. The second problem is the state doesn't deal with private banks the same way they deal with government banks.
This is indicated by the World Bank report issued last September on the status of the financial sector in Iraq. This was brought to the forefront by a report issued by the World Bank last September about the financial sector in Iraq.
I do not agree with the notion that the issue of art, then it could
be only a technical issue and you have a unified economy is structurally
distorted and fragmented, and its institutions ineffective. I don't agree that this is only a technical issue when you don't have an economy that is uniform, and Iraq's institutions are structurally distorted, fragmented and ineffective.
Now is not the Iraqi economy by the close correlation exists, as in
earlier periods or for the economies, led by oil as in Saudi Arabia,
Qatar and other Gulf regions, and when looking this issue we have to
take into account the situation of the banking sector and the
difficulties it faces. There is no close correlation in the Iraqi economy in comparison to oil centered nations like Saudi Arabia, Qatar and other gulf regions when it comes to the economy.
Ask here hoping to discuss the idea is clear: what is the problem that arise on the link between inflation and currency? We're asking for discussion and for a clear idea as to what the link is between inflation and currency?
I am the truth so far have not fully absorbed Inflation in Iraq is
not the case for a separate state of the economy, trade policy in Iraq
is now supported on the outside, you can not now be moving in any field
unless you think in the import of this item or that. In return for this
we note that domestic goods are more expensive than imported goods such
as fruits, vegetables and other things similar. To tell the truth, we have not understood how inflation is separate from the state of our economy and trade policies in Iraq now supported from outside sources? If you think you can examine the categories of domestic goods, and compare import and local prices, why are local prices more expensive than imported goods like for example, fruits and vegetables and similar things?
We have another problem related to trade policy, as it is in Iraq,
which fails to protect (Protectionism) We have no definitions Kmarkip
complete, a rarity in the world and can not to this country to continue
in this way remains an open economy and suffers from serious
consequences. We also have another problem in Iraq that fails to support protectionism. We have no definitions when it comes to markups on the products. We can not remain this way if we are to have an open market economy, there are too many consequences.
And can not control the currency and we can not announce the
deliberations of cash are controlled if they were not to have the keys
and clear to all the economic situation, there is the banking sector and
trade policy, Add to that the fiscal policy, where it is policy based
on spending, primarily because the resources are guaranteed and are
derived from oil, and if I got no problem now for the oil, the economy
depends.
If we don't hold the key to a clear banking sector and trade policy, we can not control the deliberations of cash and we can not control the currency. The economy depends primarily on guaranteed natural resources like oil.
There are more than 5 million people beholden to the state of
employees and retirees, and if we assume that the number of family
members per 5 people, there are 25 million people beholden to the state
(5 million × 5 مليون = 25 million) This is a big problem for Iraq in
many ways, economic and livelihood. There are more than 5 million people supported by the state between employees and retirees. We can assume that the number is equal to about 5 people per family so there are at least 25 million people depending on state funds. This is a big problem for Iraq when their livelihood depends on it.
Who will speak on the subject of the currency in terms of technical
and isolating it from the financial and economic situation in a big
mistake Vsika Valmsaltan are interrelated. Who is it that is technically isolating the subject of currency from the financial and economic situation in Iraq? This is a big mistake because they are all interrelated.
The other problem is the unemployment situation in Iraq as it is not a
simple matter. Recently it was said that the unemployment rate became
15 percent, I do not know any scales depend, and what criteria are used?
Unemployment situation is very bad in Iraq, there are people who
Aaoklon and this fact is not exaggerated, but the fact is clear
everywhere. The problem of unemployment in Iraq is not a simple matter either! It has been estimated that the unemployment rate is at 15%, what are they comparing it with, or how are they measuring it? The unemployment situation in Iraq is very very bad and these people are distorting it and underestimating the real numbers. However, if you look, it is clear everywhere.
Is there a clear plan of the Central Bank in the field of currency
exchange? This is an important question if there was a plan must be
discussed. And I like to know what is the case for other areas related
to currency. Does the Central Bank have a plan concerning the issues of currency exchange, if they do, it needs more discussion and how it will relate to the other areas not yet brought up that will be affected.
The other thing is the case of salaries and wages, which are really
one and connected per second and this also needs to discuss and clear
and explicit, and I think that what happened in Turkey as mentioned
began in 2005 and ended in 2009. Pre-2005 Turkish economy rebounded and
became another case is different. For this I imagine that the thinking
on this issue should be linked to the plan are clear and well thought
out so that we can reach a reasonable result, any issues addressed in an
overview and interdependent. The other issues concerning this is that of salaries and wages which are connected and need to be discussed and made clear. I think that what started happening in Turkey in 2005 and ended in 2009 is different from this case in Iraq. Before 2005 the Turkish economy had rebounded. This is not the case in Iraq. So our plans have to be clear, well thought out and that will allow us to reach reasonable results and have an overview of any issues that may be interdependent.
http://bit.ly/AdUTDv
CBI: [Denies] the news is true for the
deletion of zeros from the currency in next May
Posted: February 21, 2012
21/02/2012 PM – 3:18 PM | Hits: 24
Denied the deputy governor of the Central Bank of the appearance of
Mohammed Saleh, the central bank measures to remove zeros from the
currency in the month of May next.
He said in a press statement that “what appeared in the media about
the start of procedures to delete the zeros in the month of next May, is
unfounded,” noting that such a move begins with the beginning of the
new fiscal year and not in the middle of it.
Saleh continued, “the central bank will, starting from tomorrow new
measures provide for the banks interest rate on the price of foreign
currency to the sale of not more than 10 dinars, because the central
bank sold dollars to banks at 1179 dinars, and should not be selling
them to citizens more than the price of 1189 dinars. “
He noted that banks in case of violation of the new instructions will
be the withdrawal of a license to deal in the market, including the
central bank auctions of foreign currency.
He stressed that this measure was to prevent the monopoly of the
banks that are not consistent with the policies of the Central Bank,
which states not to take advantage of citizens to raise interest rates
to the degree of influence on the exchange rate of foreign currency in
the domestic market.
The news indicated the start of the process of deleting the zeros in
the beginning of next May
http://bit.ly/zeRyWa
Banks follow the procedures; CBI to reduce
the counterfeit currency…Start the process of deleting the zeros in
September next
Posted: February 20, 2012
Announced that the
Economic Commission for parliamentary [in] agreement with the Central
Bank of Iraq to begin the process of removing zeros from the local
currency in September.
The central bank announced earlier that he is considering the
requirements of the project to delete the zeros of the local currency
with the Council of Ministers in terms of need process for the enactment
of the organized or not.
A member of the Economic Commission Abdul-Hussein Abtan told the
Kurdish news agency said that «the Economic Commission agreed with the
Central Bank to begin the process of changing the local currency in
September next».
He added that «the grant
agreement to ensure the process of switching the currency for a full
year that the two currencies are traded the old and new in the market
during this phase».
And describes the CBI process of switching the currency national
project in support of the economy in the country, while expressing the
Iraqi government for fear of the project as it will increase the
phenomenon of money laundering «according to the belief», which is
working to convince the central bank to stop the implementation of the
project, and be approved by the securities the government’s position of
deletion of zeros and says it will affect negatively on the financial
trading in the stock market.
The Abtan that «the process
of removing the zeros from the currency will contribute to dealing with
inflation and facilitate economic cooperation with international banks
and reduce the differences of living in the community».
The Committee emphasized the financial representative that the
central bank tarry in the provision of a bill to delete the zeros from
the currency to the Committee for the purpose of his study, saying that the law was passed would
give Iraq an opportunity to address economic inflation, as experts
predict a rise of inflation in the budget in 2012 because of continued
attention to operational aspects at the expense of part investment from
the general budget.
And inflation is excessive
in the general level of prices and rising incomes as well as higher cash
costs and create excessive cash balances.
He concluded his speech by saying that Abtan «Central Bank looking to send a bill
to change the currency to the House or not because the law gives the
Central Bank of implied powers to delete the zeros of the local currency».
The functions of the central bank conduct of monetary policy in the
country, including exchange
rate policies and the management of foreign reserves and the issuance of
currency management, and raise the level of the values of the Iraqi
dinar and deal with inflation in the country, which is
responsible also for the maintenance of price stability, as well as to
regulate the banking sector.
For its part, reduced the Finance and Administration Committee in the
province of Salah al-Din of the size of the spread of counterfeit
currency in the province and confined to banking offices, while
affirming that they follow closely Thread to guard against any forms may
occur.
And entered the Iraqi market in recent times large quantities of
counterfeit currency into the category of 10 thousand dinars, which led
to the reservation of many shopkeepers to handle them.
An official of the Finance Committee and Administrative Council in
the province of Salah al-Din Niazi Muammar Ihsanoglu told the Kurdish
news agency, maintaining that the banks follow the procedures and
instructions by the Central Bank of Iraq and move according to his
instructions.
Ihsanoglu said that the proportions of fraud in the province do not
indicate a concern and that more money is discovered by the banking
offices rather than state banks.
And warned the financial authorities in Iraq, the owners of banking
offices from the exploitation of their offices in the illegal operations
such as the promotion of counterfeit currency, or involvement in money
laundering operations, which reports local and international that it
takes place on a large scale in Iraq and that most affected are traders
and staff.
Ihsanoglu pointed out that any amount paid to the citizen will be
examined and audited by the Treasurer, as a people Bank staff also
examined, and can be a citizen of the refund in the event of any fraud
discovered before going out from the bank, noting that most of them
workers with experience.
The official said Finance and Administration Committee that he had
told state banks to maintain non-payment of any amount deposited in the
same day and wait 24 hours and subsequently disbursed to those who
deserve it after making sure no forgery.
http://bit.ly/y3F0WU
Removing zeros from Iraqi dinar, replace
current banknotes with new ones to start in September
Posted: February 20, 2012
20/02/2012 10:15
BAGHDAD, Feb. 20 (AKnews) –
The process of removing three zeros from the Iraqi dinar and replacing
current banknotes with new ones will begin in September, announced the
economic committee of the Council of Representatives as part of an
agreement with the Iraqi Central Bank (ICB).
The announcement, which
will see the ICB re-print 30tr dinars ($26bn), was made despite
government fear over the project.
Economic committee member
Abdul-Hussein Abtan said: “The agreement includes granting the process
of switching currency [for a] full year where [both the] old and new
currencies will be dealt in the market during this stage.”
The ICB described the project as a positive move for the Iraqi
economy.
But particular arms of government expressed fear that the project
will increase cases of money laundering and are working to convince the
ICB to stop the process.
The securities committee said deletion of the zeros will affect
negatively financial trading in the stock market.
Abtan added however that the process “will contribute to dealing
[with] inflation and facilitating economic cooperation with
international banks and reducing social differences in the community.”
The ICB previously said
that it will consider the requirements of the project with the Council
of Ministers to determine whether or not a law needs to be implemented.
The financial committee of
the Council of Representatives said on Sunday that the passing of such
law would allow Iraq to address economic inflation.
The move to delete the zeros will reduce the number of bank notes in
circulation and simplify Iraq’s payment system.
The ICB is responsible for maintaining price stability, implementing
monetary policy and regulating the banking sector.
http://bit.ly/yxQTZt
Remove zeros from currency in September
Posted: February 19, 2012
Posted 19/02/2012 08:05 AM
BAGHDAD – Babinaoz (Reuters) – announced that the Economic Committee
in the House of Representatives, in an agreement with the Iraqi Central
Bank to begin the process of
removing zeros from the local currency in September.
The central bank had announced earlier that he is considering the
requirements of the project to delete the zeros of the local currency
with the Council of Ministers in terms of need process for the enactment
of the organized or not.
A member of the Economic Commission Abdul-Hussein Abtan “Economic Commission agreed with the
Central Bank to begin the process of changing the local currency in
September next “.
He added that “the
agreement granting process to ensure the currency switch for a full year
on the two currencies that are traded the old and new in the market
during this stage.”
Abtan explained that “the
process of removing the zeros from the currency will contribute to
dealing with inflation and facilitate economic cooperation with
international banks and reduce the differences of living in society.”
He described the Abtan plan the Central Bank in the subject as good,
he said, “It was the Bank’s previous experience in the replacement of
the currency and thus became his experience there will not be any
problems associated with the process of deleting the zeroes on the
reverse of what it was the situation when you decide to switch the
operation several years ago.”
And describes the process of the Iraqi Central Bank currency exchange
project in support of the national economy in the country, while the
Iraqi government expresses its fears of the project will increase as the
phenomenon of money laundering, “according to her belief ” , and is
working to convince the central bank to stop implementation of the
project, agree the Securities Commission with the government’s position
to delete the zeros and says it would negatively affect the financial
trading in the stock market .
http://bit.ly/ywiNJp
Parliament Economic Committee: Process to
start removing zeros from the currency in September
Posted: February 18, 2012 in Iraqi
Dinar/Politics
 Baghdad, February 18
(Rn) – The parliamentary economic committee, Saturday, in agreement with
the Iraqi Central Bank to
begin the process of removing zeros from the local currency in September
next.
The central bank announced earlier that he is considering the
requirements of the project to delete the zeros of the local currency
with the Council of Ministers in terms of need process for the enactment
of the organized or not.
A member of the Economic Commission Abdul-Hussein Abtan told the
Kurdish news agency (Rn) that “the Economic Commission agreed with the
Central Bank to begin the process of changing the local currency in
September next.”
He added that “the
agreement granting process to ensure the currency switch for a full year
that the two currencies are traded the old and new in the market during
this stage.”
And describes the CBI process of
switching the currency national project in support of the economy in the
country, while expressing the Iraqi government for fear of the project
as it will increase the phenomenon of money laundering, “according to
belief,” and is working to convince the central bank to stop the
implementation of the project, and be approved by the securities the
government’s position of deletion of zeros and says it will affect
negatively on the financial trading in the stock market.
Abtan explained that “the
process of removing the zeros from the currency will contribute to
dealing with inflation and facilitate economic cooperation with
international banks and reduce the differences of living in the
community.”
The Committee emphasized
the financial representative, on Sunday, the central bank tarry in the
provision of a bill to delete the zeros from the currency to the
Committee for the purpose of his study, saying that the law was passed
would give Iraq an opportunity to address economic inflation, as experts
predict a rise of inflation in the budget in 2012 because of the
continuing interest in aspects of operational at the expense of the
investment part of the general budget.
And inflation is excessive
in the general level of prices and rising incomes as well as higher cash
costs and create excessive cash balances.
He concluded his speech by saying Abtan that “the central bank looking to send a
bill to change the currency to the House or not because the law gives
the Central Bank of implied powers to delete the zeros of the local
currency.”
The functions of the central bank conduct of monetary policy in the
country, including exchange rate policies and the management of foreign
reserves and the issuance of currency management, and raise the level of
the values of the Iraqi dinar and deal with inflation in the country,
which is responsible also for the maintenance of price stability, as
well as to regulate the banking sector.
http://bit.ly/xzBgg1
Parliamentary Finance Committee: Delete the zeros and the process of administrative reform of the Iraqi currency
Posted: February 2, 2012
01/02/2012
Denied a member of the parliamentary finance committee Ibrahim Rikabi
possibility of money laundering and financial corruption Adareifa the
process of deleting the zeros of the Iraqi currency
Affirming that are untrue news or fears of these processes as much as is the process of reform and management of the currency. “
“ It is expected to be a
process of replacing the currency, according to the reports of the
Finance Committee and estimates of the Central Bank during the year and a
half after it begins trading currency, the old El Jadida of
through the payment of salaries to civil servants in ministries and
government institutions and the establishment of private banks replace
balance of cash, or even through a review of the citizen himself to
these banks and to replace the amounts.
“and we are talking some time ago regarding the change of currency, and issuing a new currency,
be noted that there are changes that will occur in the form of Iraq’s
new currency, including the removal of zeros, and the inclusion of the
Kurdish language to the Arabic language in the currencies.
http://bit.ly/x9YPQp
MP: Deleting the zeros from dinar is a bold
step – would raise exchange rate; It’s impact will be greater if placed
within an economic plan
Posted: February 2, 2012
Delete the zeros dinar a bold step and its impact will be greater if placed within the plan
01-02-2012
Praised the MP for the mass of the citizen Hussain Abtan, the central
bank steps to delete the zeros of the Iraqi dinar, pointing out that these steps be a greater impact on the Iraqi economy in the event of a court established within the plan.
Abtan said in a statement to the Euphrates News Agency that “the central bank steps to remove the zeros of the Iraqi dinar, a bold and would raise the exchange value of the dinar against the U.S. dollar.”
Iraq is working on a
project to delete the zeros from the currency to facilitate financial
transactions in the country with the country’s openness to international
markets and try to attract capital and investors to contribute
to government efforts to rebuild the crumbling infrastructure as a
result of decades of war and siege.
Abtan said, that “the steps
the bank will be the largest impact on the Iraqi economy and the lives
of citizens in the event of an economic plan put in one of its
components are the central bank.”
The CBI had announced
earlier that the new Iraqi 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 MP said that he “can not load the bank’s management responsible
for the deterioration of the economic reality in the country, he is
responsible for fiscal policy only.”
http://bit.ly/xLvAgQ
CBI responds: Our “Dropping of the Zero’s”
policy is successful and Anbuge personal criticism doesn’t represent the
opinion of the government
Posted: January 29, 2012
 29.01.2012 | Baghdad described the Central Bank of Iraq, Sunday, his policy
of raising the value of the Iraqi dinar against the dollar to
“successful”, saying that the criticisms made by the Adviser to the
Prime Minister for Economic Affairs Abdullah Al-Hussein Anbuge personal
and do not represent the opinion of the government.
See related article: http://wp.me/pZC7o-ccX
The deputy governor of the Bank Mazhar Mohammad Saleh in an interview for “Alsumaria News”, “The
Central Bank maintained the value of Iraqi dinar and stability in the
difficult conditions that prevailed in the country,” noting that “the
Iraqi government and international organizations confirmed that the
policy Bank raised the value of the dinar against the dollar successful.
“
Saleh added that “the Director of the
IMF France Christine Lagarde praised the other successes of the Central
Bank of Iraq during a meeting with Prime Minister Nuri al-Maliki in
Washington,” adding that “the Bank has a lot of problems, he was able to
achieve some goals. ” Prime Minister Nuri al-Maliki visited, in the 12
of December last in 2011, Washington, at the head of a delegation that
included a number of ministers and advisers in the government, where he
met President Barack Obama and a number of American officials.
Salih stressed that “the
purchasing power of Iraq at this time a stable and good, compared to
previously when it was the Iraqi citizen carries money is worthless,
“pointing out that” the criticisms made by the Adviser to the Prime
Minister for Economic Affairs Abdullah Al-Hussein Anbuge the bank does
not represent the opinion of the government. “
He was an adviser to Prime Minister for the economic Abdul Hussein
Al-Anbuge criticized, on Saturday (January 28 now), the policy of the
Iraqi Central Bank to lift the Iraqi dinar against the U.S. dollar,
while noting that the bank had not coordinated with the economic system
in addressing the situation, saying that such policy violates the
productive base in Iraq . and had previously objected Anbuge the policy
of the Iraqi Central Bank aimed at deleting three zeros from the Iraqi
dinar and the currency exchange, noting that this would cause great
mischief.
The Deputy Governor of the Central Bank of the appearance of Mohammed
Saleh in the 19th of this January, for having raised Iraqi dinar
against the dollar during the sessions for the sale and purchase of
foreign currency at the rate of four dinars, indicating that the rate of
the dinar nominal is not commensurate with the purchasing power to him
or the real price of the exchange rate of the dinar against the dollar.
(Note: The recent increase equated to .34%)
It is noteworthy that the CBI is being daily sessions for the sale
and purchase of foreign currencies with the exception of public holidays
on which depends the Bank for these auctions, and is the Central Bank
of Iraq under the law issued on the sixth of March of 2004, which refers
to him as an independent body which is responsible for maintaining
price stability and the implementation of monetary policy, including
exchange rate policies and management of foreign reserves and the
issuance of currency management, as well as to regulate the banking
sector to promote the financial system competitive and independent.
http://bit.ly/AmVXsN
CBI to study the legislation to legalize the process of removing zeros from the local currency
Posted: January 30, 2012
Baghdad, January 30 (Rn) – The Central Bank of Iraq, on Monday,
he began to study the need of the project to delete the zeros to submit a
bill to the House of Representatives for the purpose of legislation
setting out the mechanisms and controls the process of removing three
zeroes from the local currency, stressing that its law gives him the
powers of a change in their local currency.
This comes at a time confirmed the Parliamentary Finance Committee,
on Sunday, the central bank lingered in the provision of a bill to
delete the zeros from the currency to the Committee for the purpose of
his study, confirming the same time the law was passed that would give
Iraq an opportunity to address inflation.
And inflation is the excessive rise in the general level of prices
and higher cash income as well as high costs and create excessive cash
balances.
It is expected to increase inflation in the budget in 2012 due to
continued attention to the operational aspects at the expense of the
investment part of the budget.
The deputy governor of the Central Bank of the appearance of Mohammed
Saleh told the Kurdish news agency (Rn) that “the CBI submitted a
working paper for the project to delete the zeros of the local currency
to the Council of Ministers for the involvement of ministries and bodies
in the requirements process to delete the zeros to prevent harm from
the process.”
The Iraqi government says that the process of deletion of zeros from
the local currency will increase the phenomenon of money laundering and
is working to convince the central bank need to stop work on the
project.
Saleh added that “the central bank is considering sending a bill to
the House or not because the law gives the Central Bank of implied
powers to delete the zeros of the local currency.”
The Central Bank of Iraq four branches in Basra and Sulaymaniyah,
Erbil and Mosul, where the established bank independent Iraqi under the
law of the Central Bank of Iraq issued on the sixth of March / March
2004, which is responsible for maintaining price stability and the
implementation of monetary policy, including exchange rate policies and
the management of foreign reserves and the issuance of and currency
management, in addition to the organization of the banking sector.
He continued that “the proposed deletion of zeros from the currency
needed to raise the awareness of national popularity and status of the
regulations limiting the phenomenon of currency manipulation during the
period of replacement.”
The main Manmam Central Bank in managing monetary policy in the
country and raise the level of the values of the Iraqi dinar and
tackle inflation in the country.
http://bit.ly/xIl06a
Finance Committee: CBI to wait to introduce
Currency reform bill; Committee to study bill further and revise to
address inflation and security issues
Posted: January 29, 2012
 Parliamentary Finance: Central lingered in the provision of a bill to delete the zeros
Baghdad, January 29 (Rn) – The parliamentary Finance Committee,
Sunday, to loiter in the Central Bank to introduce a bill to delete the
zeros from the currency to the Committee for the purpose of his study,
saying [if ]the law was passed that would give Iraq an opportunity to
address inflation.
A member of the Committee Najiba Najib told the Kurdish news agency
(Rn) that “the central bank lingered in the provision of a bill to
delete the zeros of the local currency to the Finance Committee to study
and add some stuff it and then submitted to the House of
Representatives for the purpose of voting upon approval.”
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.”
And inflation is the excessive rise in the general level of prices
and higher cash income as well as high costs and create excessive cash
balances.
It is expected to increase
inflation in the budget in 2012 due to continued attention to the
operational aspects at the expense of the investment part of the budget.
She noted that the deletion
of zeros from the currency requires a “big job”, because this task
requires the provision of economic security for the commercial market in
Iraq.
The Iraqi government says
that the process of deletion of zeros from the local currency will
increase the phenomenon of money laundering and is working to convince
the central bank need to stop work on the project.
And harmony of the Securities of the government’s position to delete
the zeros and says that adversely affect the financial trading in the
stock market.
The Central Bank of Iraq four branches in Basra and Sulaymaniyah,
Erbil and Mosul, where the established bank independent Iraqi under the
law of the Central Bank of Iraq issued on the sixth of March / March
2004, which is responsible for maintaining price stability and the
implementation of monetary policy, including exchange rate policies and
the management of foreign reserves and the issuance of and currency
management, in addition to the organization of the banking sector.
The main Manmam Central Bank in managing monetary policy in the
country and raise the level of the values of the Iraqi dinar and
tackle inflation in the country.
http://bit.ly/xFlWZd CBI responds: Our “Dropping of the Zero’s”
policy is successful and Anbuge personal criticism doesn’t represent the
opinion of the government
Posted: January 29, 2012
29.01.2012 | Baghdad described the Central Bank of Iraq, Sunday, his policy
of raising the value of the Iraqi dinar against the dollar to
“successful”, saying that the criticisms made by the Adviser to the
Prime Minister for Economic Affairs Abdullah Al-Hussein Anbuge personal
and do not represent the opinion of the government.
See related article: http://wp.me/pZC7o-ccX
The deputy governor of the Bank Mazhar Mohammad Saleh in an interview for “Alsumaria News”, “The
Central Bank maintained the value of Iraqi dinar and stability in the
difficult conditions that prevailed in the country,” noting that “the
Iraqi government and international organizations confirmed that the
policy Bank raised the value of the dinar against the dollar successful.
“
Saleh added that “the Director of the
IMF France Christine Lagarde praised the other successes of the Central
Bank of Iraq during a meeting with Prime Minister Nuri al-Maliki in
Washington,” adding that “the Bank has a lot of problems, he was able to
achieve some goals. ” Prime Minister Nuri al-Maliki visited, in the 12
of December last in 2011, Washington, at the head of a delegation that
included a number of ministers and advisers in the government, where he
met President Barack Obama and a number of American officials.
Salih stressed that “the
purchasing power of Iraq at this time a stable and good, compared to
previously when it was the Iraqi citizen carries money is worthless,
“pointing out that” the criticisms made by the Adviser to the Prime
Minister for Economic Affairs Abdullah Al-Hussein Anbuge the bank does
not represent the opinion of the government. “
He was an adviser to Prime Minister for the economic Abdul Hussein
Al-Anbuge criticized, on Saturday (January 28 now), the policy of the
Iraqi Central Bank to lift the Iraqi dinar against the U.S. dollar,
while noting that the bank had not coordinated with the economic system
in addressing the situation, saying that such policy violates the
productive base in Iraq . and had previously objected Anbuge the policy
of the Iraqi Central Bank aimed at deleting three zeros from the Iraqi
dinar and the currency exchange, noting that this would cause great
mischief.
The Deputy Governor of the Central Bank of the appearance of Mohammed
Saleh in the 19th of this January, for having raised Iraqi dinar
against the dollar during the sessions for the sale and purchase of
foreign currency at the rate of four dinars, indicating that the rate of
the dinar nominal is not commensurate with the purchasing power to him
or the real price of the exchange rate of the dinar against the dollar.
(Note: The recent increase equated to .34%)
It is noteworthy that the CBI is being daily sessions for the sale
and purchase of foreign currencies with the exception of public holidays
on which depends the Bank for these auctions, and is the Central Bank
of Iraq under the law issued on the sixth of March of 2004, which refers
to him as an independent body which is responsible for maintaining
price stability and the implementation of monetary policy, including
exchange rate policies and management of foreign reserves and the
issuance of currency management, as well as to regulate the banking
sector to promote the financial system competitive and independent.
http://bit.ly/AmVXsN
Member of Parliamentary Commission on the Economy: Not afraid of the money laundering associated with currency exchange
Posted: January 24, 2012
Confirmed Member of the Economic Committee in the Iraqi Council
of Representatives, the Committee Otmint procedures for the central bank
to prevent money laundering associated with replacement of the Iraqi
currency
Said Abdul-Hussein told Resan Dhi Qar news “that the Committee hosted
the Director General of the Division of laundry in the Central Bank and
the Ministry of Interior to discuss the measures to prevent these
operations.”
He Resan “that the Committee supported the measures and procedures of
the Central Bank and Ministry of Interior, which will accompany the
process of replacing Iraqi currency in early 2013.”
The central bank has approved in earlier deletion of three zeroes
from the Iraqi currency to curb inflation happening in the Iraqi
currency.
Iraq has seen this in 2004 the process of switching the currency and
then there was talk about big money laundering operations accompanied
this process.
http://bit.ly/AfRAYz
Bill deleted three zeros from the currency carries a positive effect
Posted: January 22, 2012
22/01/2012 06:42
Three zeros formed state of the debate and questions among the
circles of the citizens in the event of adjournment of the Iraqi dinar
Economists are interested in and confirmed that the step has a positive impact on the Iraqi currency .
The draft law submitted to the Council of Ministers stressed that
the central bank holds in its several steps, including changing the
structure of the Iraqi currency.
http://www.imn.iq/news/view.9508/
Delete the zeros from the IQD: the fear of inflation and overloading of the shoulders of the citizen
Posted: January 24, 2012
01.22.2012
Mutnon expressed concern about the project to delete three zeros from
the Iraqi currency, which called for by the Central Bank of Iraq
recently, saying that «the project would put particular strain the
shoulders of the Iraqi citizens and raise the price of materials,
particularly of food in the market is not subject to any control».
While the central bank recently said that «the three categories
consist of 200 dinars, which is equal to 200 thousand dinars at the
present time and a 100 dinars, which is equal to 100 thousand dinars,
and the category of 50 dinars, which is equal to 50 thousand dinars, in
addition to the coin of the category of the dinar and Dinarin as well as
half and quarter dinars and 100 fils and dirham».
But the citizens feared «re-experience the abolition currency small
and put in place of another currency, and that was parallel to it, most
likely, will not be dealt with at the level of traders, which leads to
weakening and then cancel at the level of trading between citizens and
between small traders and others» , confirming that the »Delete the
zeros will cancel the usual small currency in circulation by the local
class (250) such as rent, for example, transfer».
Pointing out that «the category of (250) is one of the categories the
task and traded heavily in the vegetable market of Iraq in particular»,
noting that they they adopt in the purchase of vegetables, seasonal
«For example, the price per kg of tomatoes was recently (750) dinars,
and like the islands, but onion has reached its price (500) BD »,
according to the saying.
Member of the Finance Committee in the Iraqi Council of
Representatives confirmed this by saying «the project to delete three
zeros from the currency, according
to the Parliamentary Finance Committee, will not lead to increase the
value of the Iraqi currency, but the project was accompanied by
significant inflation in the country, which would put particular strain
the shoulders of the Iraqi citizen».
And called on the Attorney Najiba Najib to find the means and studies
in order to strengthen the Iraqi currency, noting that the project to
delete the zeros of the three will accompany high inflation in the
country does not lead to the strengthening of the currency.
Noting that the Central
Bank of Iraq is determined to implement the project under the pretext of
restructuring, wondering about the feasibility of re-structuring of
currency without increasing its value, citing the need to lay the
foundations and studies by the Central Bank in order to increase the
value of the Iraqi dinar against foreign currencies.
And demanded that the parliamentary finance committee of the Central
Bank to provide full studies on the project to delete three zeros to
determine the negative and positive aspects of this project, in addition
to that he needs new legislation and submitted to the House of
Representatives for a vote, as a matter of the draft of the Iraqi
people.
Najib said that «the project needs to have plenty of time to
implement it, and must develop a new mechanism and accurate by the
central bank to ease the currency switch to the Iraqi people.
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.
Deputy Governor of the
Central Bank of the appearance of Mohammed Saleh told a press, said that
«the Bank will present three classes a great addition to the categories
of mineral (metal), after the deletion of three zeros from the Iraqi
dinar», indicating that «the process of switching would reform
the system of currency management and ease of use» , and drew for that
«the deletion of three zeros from the Iraqi dinar would shorten the
number of banknotes of four billion and paper, which is equal to 30
trillion dinars exist in the Iraqi market to one billion and 800 million
paper only», stressing that «the currency exchange will not affect the
per capita income or wealth, or its contractual obligations».
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».
Salih stressed that «the process of replacing the currency will take
two years to prevent any disruption in the process of delivery and
receipt», pointing out that «the banks will continue to receive the old currency for ten years as rights, not for trading»,
and considered the Adviser to the Prime Minister for Economic Affairs
in August 2011, that the lifting of zeros for Currency is the biggest
corruption in Iraq if it was during this period, and fall under the name
of tampering with the economic.
http://bit.ly/yup7Gp
Jubouri expects deletion of zeros to be complete by end of 2013; Explains 3 stages of currency reform
Posted: January 17, 2012
15/01/2012 11:43:00
Signed by the parliamentary Finance Committee Haitham Jubouri currency to be replaced by deleting three zeros from the end of 2013.
He said in a statement to the Agency for National Iraqi News / Nina / Today: “The process of replacing the currency will be three stages of the first printing of new currency and the second came on the market and the third withdrawal of old currency, adding that he will be the completion of the purchase of equipment printing the new currency in the first half of this year “.
He Jubouri: “The Finance Committee was wary of deleting three zeros
from the currency and cause an increase of the rate of inflation and
exploited in the process of money laundering, but we got assurances
scientific specialists in the Central Bank and Cdo that the
replacement will support the Iraqi currency against other currencies so
that there is a balance between the value in the hands of the citizen
with the commensurate with the value of the real exchange rate markets. “
He explained: “The replacement of the
existing currency will be accurate and thought no need to fear them or
of the fraud, because it will print with the latest devices that can not
be forged, adding that the process of replacing the currency does not
need to be approved by Parliament, but was consulted committees of
financial and economic developments in the House of Representatives He
received the Central Bank approval.
He was adviser to the CBI
the appearance of Mohammed Saleh said in a press statement prior to the
completion of preparations for the implementation of the project to
delete the zeros and the issuance of a new Iraqi currency, in the
framework of the currency reform of management system in preparation for
the next stage.
He noted that the decision by deleting the zeros will be followed by a
period of awareness to dispel fears and shed light on the fact that the
reform measure designed to facilitate the exchange will not affect the
incomes and wealth.
The Iraqi Central Bank estimates that the amount of Iraqi dinars
traded rose from about $ 25 billion in 1980 to about 27 trillion at the
present time it has increased any thousand and eighty-fold.
http://bit.ly/zCUmpB
Iraq Finance Committee: Announces the end of the first phase of the project to delete the zeros from the currency
Posted: January 7, 2012
 Saturday, 07 December / 2 January 2012 12:11
{Baghdad} Euphrates News announced the Finance Committee in the Iraqi
Council of Representatives on Saturday for the end of the first phase
of the project to delete the zeros of the Iraqi currency, which included
the purchase of equipment for the implementation of the project.
Iraq is working on a
project to delete the zeros from the currency to facilitate financial
transactions in the country with the country’s openness to international
markets and try to attract capital and investors to contribute
to government efforts to rebuild the crumbling infrastructure as a
result of decades of war and siege.
A member of the Committee Haitham Jubouri, told {Euphrates News} that “the proposed deletion of zeros from the currency of the Iraqi Atksm into three phases,
the first included the identification and purchase of equipment and the
necessary equipment and completed the start of this year, and it
is hoped that the project is completed within the next year to present
the new currency in the market and is then gradually withdraw the old. “
The CBI had announced earlier that the new Iraqi 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.
He Jubouri that “the
project will cost U.S. $ 150 million, and this little amount will be
offset by the profits derived by the World Bank and the State Treasury
of traders who Sistgnon the U.S. dollar, which they preferred for their
small size and high value, and Istbdoulh currency of the new Iraqi.”
http://bit.ly/xPslft
CBI: Parliament is convinced the process of deleting three zeros
Posted: December 19, 2011
The Central Bank of the
House of Representatives is satisfied the process of deleting three
zeros from the currency after examining the details of the project with
experts and economists in the House of Representatives. “
said the deputy governor of the Central Bank of the appearance of Dr. Mohammed Saleh (people) that “the
central bank was able to answer all questions and inquiries by the
Commission Parliament, which I listened to a detailed explanation on
this subject, and persuaded the House of Representatives in the project
and its positive effects on the Iraqi economy. “
He added that “The project is also being transmitted to the Economic
Committee in the Cabinet for discussion, indicating that the deletion of
the three zeroes from the local currency will be in 2013.”
He pointed to the “The system of
financial management suffers from the legacy of a large and need to
repair large to remove the legacy of the economy is open, which he
inherited Iraq because of the policies of the former regime.”
The central bank said it
plans to issue a new currency from the category of 50 dinars after
deletion of zeros which is equivalent to $ 50 thousand JD at the moment.
“
examines the central, since
last June deleting three zeros from the local currency in an attempt to
promote the value of currency in circulation, external and internal.
Will be added the Kurdish language to the new currency in addition to
Arabic. “
The Ministry of Finance to
delete the zeros will free the economy from the constraints and enhance
the value of the dinar in the International Monetary Fund.
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.
http://bit.ly/sQcBMk
Editorial: Three zeros and node statements!
Posted: December 18, 2011 in Iraqi Dinar/Politics
Tags: Arab, Arab people, Central Bank Iraq, Economy of Iraq, Iraq, iraqi, Iraqi dinar, Iraqi people
Issam Mahouelle why whenever we wanted to do something abound
our statements? did this passion killer to speak and when? always before
work! (proposed to build a statue of the word: I will because it is the
most widely used after the word forbidden!).
even if we have restored the vast amount of comments (Gentlemen )
officials since 1958 for the horses to us that we live on the moon!
And we imagine ourselves masters of the world and all human beings
come running to us to benefit from the ways we develop for life.
but … this is not the case and money! fact that we say M do not do …
and say before the verb as a way of self-love and show the ability to
draw the attention of Alglaby (! ) of the toiling masses.
Consider, for example: the question of the Iraqi currency. people living inflation without reservation definition. people live the tragedy of weakness of the Iraqi economy without the need to stock out for them trying to explain it!!
poor and living in poverty
are not required to explain his condition, such as the brunt of heat
summer, he does not want to say to him that above average temperatures!
with that out on people to speak about the deletion of zeros from the Iraqi dinar! Again and again and again!
He does not know that people are no personal interest in his words ….
just no longer care about the promises of electricity promised!
The odd thing is that one of the theorists in the affairs of the currency promised (!)
Said that it will be in three languages (Arabic / English and Kurdish …)!! I do not know how the forgotten Turkmen language and Akkadian and Sumerian, Assyrian …….. ….. etc etc !!!!!
this war against the Arab identity of Iraq addressed? that Iraq be treated like this? Is this a reasonable and permissible? not and God
http://bit.ly/uNg5WT
Read the article on the page titled "Iraq's Turmoil and Imploding Disposition" and then read the attached pdf at the bottom of the page if you can stomach it! Then realize corruption is our friend! These people are so corrupt that their greed is a motivating factor in the revalue as much as anything else would be, all politics aside! CBI says important for Iraqi parliament to be convinced to deleted 3 zeroes from the dinar
Posted: December 17, 2011
The central importance of the Iraqi parliament to convince deleted 3 zeroes from the dinar
16.12.2011
The center of divergence of views, economists about the timing and
feasibility of the project to delete three zeros from the dinar, the
official predicted that the Central Bank of Iraq is the implementation
of this project in 2013. The Central Bank of Iraq discuss the details of
the project with the Commission on the economy and investment in the
Iraqi Council of Representatives.
Deputy Governor of the Central Bank of Iraq appearance of Dr.
Mohammed Saleh In a statement made by Radio Free Iraq, confirmed that
the atmosphere of the discussions were positive, and the bank was able
to answer all questions and inquiries of the Parliamentary Committee,
which heard a detailed explanation on this subject, and convinced of the
project and its positive effects on the economy Iraq, adding that the
project is also referred to the Economic Committee in the Cabinet for
discussion.
He expected the Deputy Governor of the Central Bank of Iraq that is
to start the execution of the deleted 3 zeroes three of the coin with
the development of the budget year 2013, pointing to the bank’s plan to
implement the project will continue for two years and depends on
offering new dinar with the current currency in order not to get the
economy or the citizens harm.
Economic expert, Dr. Hilal Al-Taan consistent with the Central Bank
of Iraq in the importance of this project and its economic feasibility,
and finds that the current monetary bloc of 27 trillion Iraqi dinars, it
is necessary to delete three zeros to become a mass 15 billion Iraqi
dinars, which facilitates financial transactions daily.
However, the economic expert, Aladdin short does not agree with Taan,
but finds that the project to delete 3 zeros will not contribute to
improve the economy, but on the contrary, because of the security
conditions and the economic situation deteriorating, and the absence of
development programs, and the lack of a sound banking system, in
addition to corruption and bureaucracy in state institutions.
Amid the varied opinions of observers of the economic affairs of Iraq
about the effects of positive or negative for the deletion of three
zeros from the dinar, warned an economic advisor in the government Abdul
Hussein Al-Anbuge that the process of removing three zeros from the
dinar will increase the phenomenon of money laundering, and that the
government is working to convince the central bank need to stop working
the implementation of the project.
But economist Dr. Hilal Al-Taan respond to these warnings and fears
as unfounded, because the process is controlled by a careful and
deliberate
http://bit.ly/tIZf4J
Jubouri: There are indications that the Iraqi dinar is confirmed, the dollar during the next two years
Posted: December 12, 2011 in Iraqi Dinar/Politics
Most likely a member of the Finance Committee and the National
Alliance MP Haitham Jubouri price equal to the Iraqi dinar against the
dollar over the next two years after the implementation of the 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.
He pointed to: that this was retained by selling huge amounts of
dollars at auction, and inject them into some other Iraqi banks to
control the price of the Iraqi dinar against the dollar.
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.
He continued, therefore, the citizen and the Iraqi trader does not
need to replace his money to Atarand buy a commodity or a car or not,
stressing that the project to delete the three zeroes from the currency
“based”, and issued its decision, irreversible and started his first
steps will be implemented during the next two years from now .
http://bit.ly/tylOnl
Editorial:Drop 3 zeros from the dinar
Posted: December 12, 2011 in Iraqi Dinar/Politics
Tags: Central Bank Iraq, Dinar, Iraq, iraqi, Iraqi dinar, Joe Biden, United States, United States Department of the Treasury
By: Iraq
Stay tuned the biggest scam on the Iraqi people, the process of dropping three zeros from the Iraqi currency!!
Said that the U.S. Treasury Department to buy the Iraqi dinar at a
rate of $ 150 million a day over the week and for the few months that
preceded the withdrawal of U.S. forces, “declared” out of Iraq.
Goal is to save part of the U.S. economy deteriorating, and the
process is a “recipe” on the backburner, underlying each of the “Chef”
Biden and his aides! Case simply as follows:
buy American today 1170 dinars Iraqi amount of $ 1 and keep the
financial asset beyond the stage of shooting down three zeros, then the
equivalent of the CBI value of Iraqi dinar to one dollar, and then
return the Americans to push Iraqi dinars, one for each dollar convicted
by the swap transactions of economic (oil) with Iraq … This way, they
pay the equivalent of $ 1170 “after dropping three zeros from the
dinar,” what they bought only one dollar!!
Is not up yet?! … Well … The simplest form:
Today, Americans buy Iraqi dinars, and the fall of Iraq tomorrow,
three zeros from its currency, bring down the effect of zeros does not
apply outside the borders of Iraq ( This new law, “Lange” Year of Biden …
Economists and butt their heads against the wall of the world!!)
Americans will respond to Iraq Iraqi amount of 1170 dinars for $ $
1170 is payable for Iraq, “How many barrels of oil price,” which has
already cost him just $ 1 …!
http://bit.ly/tWPlg
In the name of God the Merciful | ماذا وراء إسقاط "أصفار" الدينار العراقي؟! What is behind the drop "zeroes" the Iraqi dinar?! | شبكة البصرة Network Basra | | د. D. أبا الحكم Father of governance |
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 والتي لا تغطيها
سبائك الذهب، والعملة الأمريكية، الدولار, هي الأخرى تعيش حالة تضخم كبرى
طالما استمر إصدار العملة الورقية الأمريكية والضخ بها، ليس في الأسواق
المحلية فحسب، إنما ضخها في الأسواق الخارجية، الأمر الذي تسبب في زعزعة
الاستقرار النسبي لسلة العملات العالمية على السواء وخاصة الـ(يورو)
الأوربي!! In
this way, absorption of banknotes bloated from the market and not
covered by gold bullion, currency U.S. dollar, is also in a state of
inflation, a major as long as the issuance of paper currency of America
and the pumping out, not only in local markets only, but pumped in
foreign markets, causing destabilizing relative to a basket of world
currencies, especially on both the (euro) European!! اقتصاديات
دول العالم تتضرر بصورة عامة والدول المنتجة للنفط بشكل خاص جراء هذا
التضخم، وارتباط أسواق النفط بالدولار المريض، والمستفيد هي الخزانة
الأمريكية التي تسدد أقيام صفقات النفط بأوراق نقدية ليس عليها ما يسترها
من الذهب في الخزائن المركزية، ومع ذلك تسكت دول الخليج المنتجة للنفط
صاغرة!! The
economies of the world suffer in general and the oil producing
countries, in particular because of this inflation, and a link to oil
markets, the dollar the patient, and the beneficiary is the U.S.
Treasury that pay Okiem oil deals banknotes does not have what Istrha of
gold in the central coffers, however silent the Gulf oil-producing
recipient !! التضخم آفة، والعملة في كل أحوالها ترتبط أساساً بالناتج القومي الإجمالي (GNP) The scourge of inflation, and currency in all their conditions are mainly related to the gross national product (GNP)
للدولة، والمديونية الخارجية الأمريكية والتي هي (4) تريليون دولار باتت تأكل نسبة كبيرة من هذا الناتج.. Of the State, and U.S. foreign debt, which is (4) a trillion dollars now eat a large proportion of this output .. أما
الدينار العراقي فهو يعيش حالة التضخم ويفتقر إلى خيط يربطه بالناتج
القومي الإجمالي للعراق، حيث لا ناتج يمكن اعتباره بعد أن دمر الاحتلال
القاعدة الصناعية والإنتاجية للعراق، فكيف يتخلص الدينار العراقي من
التضخم، ويعدل وضعه دون أن يرتبط ذلك بالإنتاج؟!، فإذا كانت المصانع
والمعامل مغلقة والناتج القومي الإجمالي صفراً، فكيف تتم المعالجة؟! The
Iraqi dinar is in a state of inflation and lacked the taste of the GNP
of Iraq, where the result can be considered as having destroyed the
occupation of the industrial base and productivity of Iraq, how can get
rid of the Iraqi dinar against inflation, and adjusted in position
without being linked to production?!, If the plants and factories closed
and the gross national product is zero, what is the treatment?! هل بإسقاط أصفار الدينار؟ Do you drop the zeroes dinar? ربما
سحب الفائض من الورق، ولكن اللعبة الخطرة لا تكمن في أصفار الدينار
العراقي التي ستعمل الإدارة الأمريكية للاحتلال مع حكومة الاحتلال على
إسقاطها من الدينار العراقي معاً وبالتشاور المتزامن مع إعلان الانسحاب
الأمريكي المزعوم من العراق. May
withdraw the excess paper, but the game is not dangerous in the zeros
of the Iraqi dinar, the Department will work with the American
occupation of the Government of the occupation on the Iraqi dinar
dropped from both the simultaneous and in consultation with the
announcement of the alleged U.S. withdrawal from Iraq. لماذا
تشتري الخزانة الأمريكية مليارات الدنانير العراقية التي يأكلها التضخم
الآن؟!، ولماذا تزامنَ هذا الشراء مع الإعلان عن الانسحاب؟! Why
buy the U.S. Treasury billions of Iraqi dinars that inflation will eat
it now?!, And why this purchase coincided with the announcement of the
withdrawal?!
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?!
فالدولار الواحد يساوي (1،170) دينار عراقي.. The dollar is equivalent to (1170) Iraqi Dinars .. يشتري
الأمريكيون بدولار واحد ما يعادله ديناراً عراقياً ويخزنونه إلى ما بعد
إسقاط أصفار الدينار وقيام البنك المركزي العراقي من معادلة الدولار
بدينار، حيث يمسي الدولار يساوي الدينار، ويحفظون الكميات الهائلة من
العملة العراقية، ومن هذه الكمية الفائضة : Buy
one U.S. dollar equivalent of IQD and instead store to drop the zeros
after the dinar and the Central Bank of the Iraqi dinar dollar equation,
where the dollar is equal to the evening of the dinar, and keep the
massive amounts of Iraqi currency, and the excess of this amount: أولاً- تسدد أقيام النفط الذي تستورده الإدارة الأمريكية من العراق. First - paid Okiem oil imported by the U.S. administration of Iraq.
ثانياً- معالجة أزمة الاقتصاد الأمريكي الذي يعاني من الانهيار. Second - to address the crisis of the U.S. economy, which suffers from collapse.
ثالثاً-
طبع العملة العراقية وكمياتها وفئاتها ستكون بالملايين (ولا أحد يشرف
عليها)، والمتوقع نصفها يعلن عنه رسمياً، والنصف الآخر يدخل في الجيوب
الخاصة!! Thirdly
- printed Iraqi currency, quantity and categories will be millions (in a
supervised), and half expected to be announced officially, and the
other half enters the private pockets!! (جو
بايدن)، جاء إلى العراق ليحضر مراسم، قيل أنها تعبر عن الانسحاب العسكري
الأمريكي من العراق في الموعد الذي أعلنه (أوباما)، ويلقي خطبة مشحونة
بالمغالطات أثارت سخرية الشعب العراقي، الذي يدرك حجم انهيار الاقتصاد
العراقي المنهار، وحجم دماء العراقيين التي سفكت، وحجم الخسائر التي تعرض
لها العراق كدولة وكشعب لا أحد يستطيع أن يحجب حقيقة الدمار والنهب
والخراب. (Joe
Biden), came to Iraq to attend the ceremony, said to reflect the
withdrawal of U.S. military from Iraq by the date announced by the
(Obama), and delivers a speech fraught with fallacies raised the irony
of the Iraqi people, who realize the magnitude of the collapse of the
Iraqi economy collapsed, and the size of the blood of Iraqis, which shed
, and the size of the losses suffered by Iraq as a state and as a
people, one can not obscure the fact that the destruction and looting
and destruction. هذا
(البايدن) جاء من مطبخ البيت الأبيض ليحقق صفقة العمر، نفط بـ(بلاش)
ومعالجة الاقتصاد الأمريكي من أمراضه المزمنة، التي طالما عانت منها
الإدارات الأمريكية المتعاقبة وأضعفتها وأسقطت بعضها بغطاء السياسة!! This
(Albaidn) came from the White House kitchen to achieve the deal of a
lifetime, oil (b Baleish) and to address the U.S. economy from chronic
diseases, which has long suffered from successive American
administrations, and undermined and brought down some cover politics!!
(جو
بايدن) يراهن على تدمير الـ(يورو) الأوربي، ويراهن على وضع أوربا تحت
الخيمة الأمريكية أو بالأحرى منعها من الخروج عن تلك الخيمة، ومنعها من أن
تقف مستقلة، لها قرارها السياسي والاقتصادي، وقد بدأ الانهيار في اليونان
ثم امتد إلى ايطاليا واسبانيا والبرتغال.. (Joe
Biden) is betting on the destruction of the (Euro) EU, are betting on a
Europe under the tent of America, or rather prevent it from getting out
of the tent, and prevent them from standing independently, with its
political, economic, and began to collapse in Greece and then spread to
Italy and Spain and Portugal .. الانهيارات تأخذ مداها وتتسع كما لو أن (نظرية الدومينو) في الاقتصاد قد طغت في أوربا!! Collapses and expands its course as if (the domino theory) in the economy has been overshadowed in Europe!! والصفقة ستنتهي بأن يكون برميل النفط العراقي الواحد بدولار واحد!! The deal will end to be a barrel of Iraqi oil per one dollar!! 7/12/2011 7/12/20 |
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Finance Committee Member: Describes the deletion of zeros from the Iraqi currency; Says important and necessary
Abadi, describes the deletion of zeros from the Iraqi currency, provided that necessary measures be associated with incorrect ..
09/12/2011
The head of the
parliamentary Finance Committee Haider Abadi, that with the deletion of
zeros from the Iraqi currency as an important and necessary condition
that the procedures associated with sound and correct.
Abadi and predicted that
“the start of the new currency to replace the beginning of 2012,
wondering whether enough time remaining to the procedures associated
with the replacement of the currency or the extension period will be
longer.
Abadi said that a number of precautionary measures have been
discussed with the Central Bank to be the replacement process successful
and correct.
The MP for the rule of law that one of the precautionary measures are
to be currency safer and less fraud because the old currency and the
percentage of fraud where few but the amount was large, pointing out
that the fraud case of an international and not without a state by as
long as any fraud rings Valtzoar is in America, Britain and other
nations.
And Abbadi, “The new
currency will not reflect negatively on the inflation situation in the
country and financial transactions will be in Iraq, easier and better
delete the zeros.
He noted that “the new
place that will bring the process of replacing the new currency and
destroying old currency not yet been determined.
Abadi said that the size of the Iraqi currency has become
unreasonable and we are not the first country in the world to replace
its currency, because many countries have preceded us in this context,
such as France, Turkey and others.
http://bit.ly/w0kL8v
Economist: 6% inflation rate and raise zeros from the currency will not be less,
Posted: December 2, 2011 in Iraqi Dinar/Politics
Baghdad, December 2) Rn) – Iraqi economic Zkrkhbayr that the
rate of inflation in the market and the banks at the moment of 6 percent
and the lifting of the three zeros from the local currency will not
affect the size of the inflation in Iraq.
Said Dr. Abdul peace gesture Said, a professor at Baghdad University /
College of Business and Economics, told the Kurdish news agency (Rn)
said Friday that “lifting the
three zeroes from the local currency will not affect inflation in the
Iraqi market, but will work to find the mobility of economic more
effective than existing currency.”
“The inflation rate in the
market and banks now not as portrayed by some who see it as of 6%,” but
he also said, “It is not a frightening rate can affect the economic
growth in the country.”
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 bank said at the time
he was nearing the completion of the project raise zeros from the
currency, noting that a strategic project will be submitted to the
Council of Ministers and House of Representatives in the event of
completion.
http://bit.ly/w0KQ0b
Economist: Delete the zeros from the currency reform is it of the Iraqi currency or cash are
Posted: November 27, 2011 in Iraqi Dinar/Politics
Tags: bank, Central Bank Iraq, Currency, International Monetary Fund, Iraq, iraqi, Iraqi dinar, Monetary policy
Date: Wednesday, November 16, 2011
That the central bank adopts the so-called reform of management
system currency of any transition from a small amount in the currency
chasing a large amount of the price of services, which reflect the stage
of stability, growth and prosperity,
and on this basis, the
project to delete three zeros from the Iraqi dinar which made a thousand
dinars, worth one Dinar stems from the considerations of good
management of the monetary system and the shift of the mass of cash
flaccid of thirtieth trillion dinars and do not meet the needs of the
payments system in Iraq and encourage dollarization to the mass of cash
of not more than (30) billion dinars easy exchange and easy to deposit
in banks, stressing that the ability to savings banks are weak, for
reasons operational because the banks do not have adequate capacity for
counting and control currency counterfeit with tons of money it receives
each day, so commercial transactions between traders, which is now
resorting to weight rather than counting and sorting, and
carrying the sidelines of the risk (1.3)% at a cost of transactions
which is similar to the cost of counting is sometimes a cost inflation
added to the value per transaction.
On this basis, the stage of development of modern Iraq and to engage
in an era of stability and low inflation, rampant need to re-establish a
new currency to issue monetary of high-value low-volume and this is
what I did many countries in the world was suffering from
hyper-inflation, also underlines the bank stated that the process of
replacing the currency is not have an impact not only on the wealth of
citizens or on their income and the system price and is working on is
the process of organizing for macroeconomic management, a process that
has a high efficiency instead of using the payments system is a legacy
of the stages of the instability and economic inflation, the
monetary policy of the Central Bank of Iraq moving towards improve the
value of the dinar and enhance the value of exchange and long-term
program being in this direction to keep the dinar, a profit-Azam
because we are going to JD stronger and therefore bring the dinar
instead of foreign currency or other assets that will result in the loss
of the citizen and it should be encouraged citizen saving the Iraqi
dinar (national currency) and deal of banking to win twice, the
first benefit of the banking and the second high exchange rate of Iraqi
dinar, one of the results of economic prosperity in which they operate
monetary policy in Iraq to achieve it,
but there is another view in opposition to the proposal above confirm
that the automation of the banking system and find a bank teller and
(Alvezacart) and cards credit, remittances and exchange electronic
bypass functions of classical and traditional banks to modern functions
and new tools to ensure that the development of a system of risk
management banking and credit system to support development efforts and
reconstruction and to be diligent in the real side of the economy
support the efforts of the operating and investment to increase
production and to give facilities to ensure so do not run away to the
proceedings is the same feasibility, as some
believe that this operation will return Iraq to the economic period
brightly and will enhance the value of the dinar to the IMF and the
international community and will deal with economic problems,
particularly inflation, others believe in the process the loss of
currency value estimated one third Fbtkadirhm affected will be owners
of salaries and wages because they have to enter the purchasing power
less than the nominal value of the currency and believe that the
cancellation of zeros will lead to a monetary illusion, that these
attitudes are based on fragile foundations, and sometimes irrational, there is confusion and a clear distinction between cancellation of zeros and the improvement of the real exchange rate,
and mixing of a second between the cancellation and Altzkhm, mixing
third between this cancellation and reduction of the value of currency, the
first position is just wishful thinking can not be achieved by deleting
the zeros and the second position, with a mysterious how to delete the
zeros leads to financial loss and identified on the basis of any one
third?
Also, the deletion will not address inflation and will not contribute
to the aggravation, nothing to do with the illusion and (more correctly
illusion) cash subject matter, and notes that the process of deleting
the zeros are known in several countries have preceded us to that of
them delete the two zeros or three or even six zeros, as in Turkey, said
that the reasons for the deletion of zeros is almost confined to the
psychological aspect of Balbrgbh in the currency with the exchange rate
is high, and this increase into joy to the heart of Iraq, the
joy of the return of the dinar to its past, bright, but this joy does
not conceal his conviction that the process of removing zeros will not
address the economic crisis suffered
by the private decline in standard of living, unemployment and the
deterioration of security services, health, education and energy
services, it should be noted that Abannmk Central abandoned the
practice of fixed exchange rate system to adopt a floating and will lead
the deletion of three zeros to reduce the mass of cash (the strict
sense) and will be reflected directly on the nominal values of salary,
shares and bonds and the prices , where he leads the deletion of zeros
to the feeling of poverty, it had ten million dinars now has only ten
thousand dinars, may lead this feeling to reduce consumption, which
reflected negatively on the macroeconomic situation of the country, even
if we assume that the deletion of zeros alleviate inflation is no
longer useful for this event because the Iraqi Central Bank data
indicate that the rate of inflation has become only 7%.
If the deletion of zeros does not address inflation, it does not
contribute to the height that the removal of three zeros impose a
division of the nominal value of money is new to 1000 and at the same
time be divided by this figure salaries, wages and other entry and
nominal values of shares and bonds as well as the prices of goods and
services may increase the prices of some goods or services When you go
to the new currency generating a popular feeling that the currency led
to it, while must be pursued in the supply and demand to explain this
rise, since a few months a lot of talk in Iraq, the emergence of
monetary illusion in the case of Khzv zeros from the dinar, and the fact
that he does not link to just cash sense of the above to remove zeros,
because it requires high salaries by less than the rate of inflation,
and when there is no relationship between nominal income and inflation
is not correct to talk about the monetary illusion.
That the deletion of zeros may lead to the opposite sense of poverty according to the worker.
Any decline in consumption in the first stage and then returning to
normal status in the next stage, and in all cases, psychological factors
remain high and limited to a short does not apply to all individuals
with the same intensity.
The conclusion that the deletion of zeros is not much different from
adjusting the size of the banknotes or change colors or add a new fee or
remove the image of.
This article comes from the Baghdad Chamber of Commerce
http://bit.ly/teLGRw ________________________________________________________________________________________________________________________________________________________
|  |   | خبير اقتصادي: حذف الأصفار واستبدال العملة لها أثار سلبية على الاقتصاد العراقي Economist: delete the zeros and replacing negative currency effects on the Iraqi economy | بتاريخ : السبت 26-11-2011 12:57 مساء On: Sat 11/26/2011 12:57 |
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 بغداد
(الاخبارية)..حذر الخبير الاقتصادي أسعد العاقولي من استبدال العملة دون
العمل على دراسة بشكل دقيق من جميع جوانبه، مؤكداَ أن ذلك سيكلف ميزانية
الدولة مبالغ كبيرة، في وقتٍ توجد ردود أفعال واسعة بين الأوساط الاقتصادية
والمالية رفضت هذه العملية بشكلها الحالي، وتاثيراتها على الأسواق.
Baghdad (news) ..'s chief economist happiest bugsbunny of replacing the
currency without working on the study accurately in all its aspects,
emphasizing that it would cost the state budget large sums at a time
when there are reactions and wide between the economic and financial
circles rejected this process in its current form, and their effects on
the markets.
وقال
العاقولي(للوكالة الاخبارية للانباء) اليوم السبت:إن عملية حذف الأصفار
واستبدال العملة ستكون لها أثار سلبية على الاقتصاد العراقي، لافتاً الى أن
عملية رفع الأصفار تحتاج الى استبدال شكل العملة مما يعني تأثيرها على
الاقتصاد العراقي وميزانية الدولة. The bugsbunny (of the Agency
news) on Saturday: The process of deleting the zeros and replacing the
currency will have negative effects on the Iraqi economy, pointing out
that the process of raising the zeros need to replace the form of
currency, which means its impact on the Iraqi economy and state budget.
وبين
العاقولي: أن الاقتصاد العراقي حالياً يعاني من مشاكل عديدة واستبدال
العملة ستكون له نتائج سلبية في هذا الجانب، كما أن من السابق لأوانه
الشروع بتنفيذ هذه العملية في ظل الظروف الاقتصادية الحرجة الحالية،
وتابع: السوق يتاثر بالوضع الاقتصادي العام للبلد واي خطوة غير ناجحة ستؤدي
الى مشاكل أخرى، لاسيما أن البنك المركزي العراقي قد أعلن أن قرار رفع
الأصفار من العملة العراقية مُتخذ لكنه يحتاج الى عمل ميداني. And
bugsbunny: that the Iraqi economy is currently suffering from many
problems and the replacement of the currency will have negative results
in this aspect, as it is too early to begin the implementation of this
process in the economic circumstances of critical current, and
continued: the market is influenced by the general economic situation of
the country and any step is successful will to other problems,
especially since the Central Bank of Iraq has declared that the decision
to raise zeros from the Iraqi currency maker, but he needs to field
work.
يذكر
أن مستشارالبنك المركزي مظهر محمد صالح في تصريح سابق(للاخبارية):أن قرار
رفع الاصفار من العملة العراقية مُتخذ ولكنه يحتاج الى عمل ميداني على
مستوى المصارف والحسابات الدولية أضافة الى سحب العملة القديمة، وأن العمل
الميداني مهم لأتمام مثل هذه الخطوة كونها تحتاج الى تهيئة المصارف للتعامل
مع الأجهزة المختصة بالعملة الجديدة./انتهى/12.ن.ص/ The
Mscharalpennek appearance of the central Mohammed Saleh in an earlier
statement (the news) that the decision to raise zeros from the Iraqi
currency maker, but it needs to field work at the level of banks and
international accounts, the retirement of the old currency, and that
field work is important for the completion of such a step being the need
to create banks to deal with the competent organs of the new currency. /
End / 12. n. r / |
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http://www.ikhnews.com/news_view_25484.html
Iraq working to reduce the mass of cash through the deletion of zeros
Posted: November 16, 2011 by THE CURRENCY NEWSHOUND
 Baghdad,
November 16 (Rn) – The Central Bank of Iraq on Wednesday that seeks to
reduce the monetary mass of 25 trillion dinars to 15 billion dinars over
the deletion of zeros to facilitate cash transactions in the financial
markets and banks.
The appearance in favor of Bank vice-president, told the Kurdish news
agency (Rn) that “Iraq today is dealing lump cash of $ 25 trillion
Iraqi dinars, while the largest currency which does not exceed 25
thousand Iraqi dinars, and the purchasing power it does not exceed $
23.”
He pointed out that “in cash transactions in the Iraqi market needs a
large amount of banknotes and thus there is a difficulty in the
transfer of funds in the form of bags in case of large transactions.”
Saleh pointed out that “the Iraqi banks do not accept deposits,
sometimes due to problems in number and the account for such large
amounts of money.”
The vice president of the bank “We want to usurped the money supply
of 25 trillion to 15 billion dinars,” adding that “the central bank
fixes the payments system in Iraq and the policy of the monetary
authority.”
He stressed, saying “monetary mass will be reduced soon, through the issuance of new currency by three zeros are canceled.”
Salih stressed that “this action is an important part of the reform
process will facilitate the management of currency and payment system
and the elimination of the vestiges of past inflation through the mass
of strong cash handling and easy.”
http://bit.ly/vOQa1y
Round table discussion: Necessary for Iraq to reduce the money supply
Posted: November 14, 2011 by THE CURRENCY NEWSHOUND
 Confirmed
that the deliberations of the Round Table on the project to delete the
zeros of the Iraqi dinar, the need to reduce the money supply in the
country, and the radical reform of the management system of currency,
with the choice of time for the implementation of the project, and
benefit from the experiences of countries that have already replaced
their currencies, and the project is put on public opinion to be
discussed widely (for) by the direct implementation.
The table was convened last Friday before the Hall of Society of
Engineers in Baghdad, and the initiative of local intellectuals in the
Iraqi Communist Party.
Has contributed to a number of officials, politicians, economic
experts and specialized scientific personnel, who discussed the motives
and justifications put forward the project to delete the zeros of the
Iraqi currency, and reservations that have cropped out the idea.
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.
Salih stressed the importance of the project, and pointed to the
experiences of other countries, especially the Turkish experience and
the stages through which, also addressed the role of banks and
government agencies and citizens in the success of this experiment.
For his part, spoke an economist Majid picture about the role of
Iraqi banks in the implementation of the project, criticizing the fact
that banks, pointing out some of the properties and structure of the
Iraqi market that are influential monopoly of some senior traders and
economic operators, as reflected by the high profit margins and the
level of prices.
The independent political Mahdi al-Hafez, considered that the
project is not of a technical nature only, but has economic dimensions
and broader repercussions on economic activity and incomes, and thus the
living standards of citizens, and concluded that there is much importance
to this project that is connected and would fall within the
economic policy package.
And conclude comrade Raed Fahmi, a member of the Political Bureau of
the Iraqi Communist Dhav table conversation about the reality of the
Iraqi economy, also addressed the right conditions to start the
implementation of the project, and Tmahl government in dealing with the
ongoing economic process in the country, reinforcing his concrete
examples.
The table also participated in each of the President of the Union is
willing Blibl businessmen, and Saad bugsbunny editor of that Union, and
Khaled Cltag competent officer in the Iraqi Central Bank, and
businessman Hassan Shammari and industrial oil researcher and
high-Dabbas.
This will come back to the facts of the round table and results in a
broader report we publish in a forthcoming issue of our newspaper this
week.
Baghdad – by the people
http://bit.ly/v9W4JC |