OIL 101: ENERGY ECONOMICS
OIL 102: PEAK CHEAP OIL
OIL 103: SHALE OIL
OIL 104: ENERGY & THE ECONOMY
CENTRAL BANKING 101: COMING SOON
CENTRAL BANKING 102: COMING SOON
CENTRAL BANKING 103: COMING SOON
CENTRAL BANKING 104: COMING SOON
MONEY 101: MONEY CREATION
MONEY 102: MONEY AS DEBT
MONEY 103: COMING SOON
MONEY 104: COMING SOON
Results 1 to 5 of 5

Thread: Member in parliamentary rule out economy near the deletion of zeros from currency

  1. #1
    Med is offline "ASK NOT WHAT YOUR COUNTRY CAN DO FOR YOU" BUT "WHAT CAN YOU DO FOR YOUR COUNTRY"
    Join Date
    Dec 2009
    Location
    Yooperland USA
    Posts
    3,048

    Default Member in parliamentary rule out economy near the deletion of zeros from currency


    Member in parliamentary rule out economy near the deletion of zeros from currency

    Friday, October 26 1 / Okrudolf 2012 09:37
    [Baghdad - where] Excluded member of the Committee, investment and economic reconstruction hold parliamentary process of deletion of zeros from the Iraqi currency.

    Said committee member Nahida Daini told all of Iraq [where] on it was "unlikely to be a process of deletion of zeros from the currency in the near future but for several reasons, notably instability economic conditions and security in the country and the lack of control at the required level and volatility exchange rate against the dollar in addition to the adoption of Iraqi market to a free economy.

    " She added, "as that rising prices and falling also linked to the regional situation near Iraq, as this situation also occurs in most countries of the world" excluded "the possibility of fixing the exchange rate of the dollar as a measure to maintain the stability of prices in the local markets."

    The Cabinet decided in its meeting held in April 10 last patient in the application process of deletion of zeros from the national currency until further notice.

    The Central Bank of Iraq, and on the lips of bank adviser appearance of Mohammed Saleh, has confirmed to [where] the need for Iraq to process administrative reform of the currency cash, and that the project to delete the zeros is a step comes as part of the country's need to process administrative reform of the currency, in order to reduce the cost of cash transactions in the economic process, in addition to the need to provide small denominations coins used in daily circulation of small transactions.

    The officials at the central bank, as well as some politicians and economists, urged the government to delete the zeros from the currency, and the issuance of a new currency denominations large cash, in addition to a small Coins.

    The economic expert described as beautiful, invoke the security and economic situation, and work to delay the process of lifting the zeros from the currency arguments "flimsy."

    Jamil told [Wayne], that "everything in Iraq has become a subject of political decisions and moods, pointing out that" one of the paragraphs of the Central Bank Act, allows him to print and change the currency. "

    Observers say the government really intends to delete the zeros from the currency as a step towards improving the purchasing power of the Iraqi dinar, but economists played down the importance of this step, considering that the cost of raising the zeros will be greater than the benefit expected from the lifting of zeros. Ended 2.


    http://translate.googleusercontent.c...8CipsmTNjS8TZg

  2. #2

    Default Re: Member in parliamentary rule out economy near the deletion of zeros from currency


    OK, I'm guessing Med thinks this is a real important article to put it in 4 times so that we wouldn't miss it. Nice read. Thank you Med.Its articles like this that cause me to keep changing my mind about this investment.

  3. #3

    Default Re: Member in parliamentary rule out economy near the deletion of zeros from currency


    Parliment doesnt control CBI, CBI is seperate from government policies. Just thought id remind everyone, therefore this article doesnt mean squat! RV is eminant! NOt smoke and mirrors trying to forget about it. Malikis not in power, hes running out of petro dollars!

  4. #4

    Default Re: Member in parliamentary rule out economy near the deletion of zeros from currency


    cool61mrn do you realize you are replying to a post that was posted October 26, 2012? The "sticky" note articles, like this one, are placed at the top of the forum, but may be old articles. There is a newer article saying the deletion of the zeros was postponed to 2017, unless I missed one.

  5. #5

    Default Re: Member in parliamentary rule out economy near the deletion of zeros from currency


    Yeah I realized that is older. But also still implies to 2017, and remember that in 2010, oil contracts were extended to 2017. It's nice to see all the daily news in our forum's lead step by step closer to a very bold event that Iraq is all about, as we truly see the whole picture. That's the beauty of dinar speculator. No other news source has ever informed as the dinar speculator. Its Like gold in my pocket for truth. Thanks to very wise evaluation like you guardian and MED. It's been a real journey through it all. Worth every moment and to use as a catalyst for the reality of event's present and future. I'm sure this will pay off very soon. We're definitely seeing what this website has pronounced, as I'm sure Iraq's government and the USA are well benefited by also.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •