Morning News Comments 04/13/2015
Measures to improve the Iraqi currency
[tlm724] the central bank from making swift action to improve the value of the Iraqi dinar against the dollar, the economic expert of new proposals to make it happen on the ground
[tlm724] by doubling the share exchange companies in Auctions sale of foreign exchange, and open ports to sell the dollar in state bank
[tlm724] as I keep yakin about, these are temporary measures while they get the final stages of currency reform ready to implement
Infallible and Chalabi discuss the financial situation of the country
[tlm724] shed Chalabi light on the efforts made by the Finance Committee in the House of Representatives to pass a number of legislation and drafts of proposed projects to strengthen Iraq's economic and financial capacity
[tlm724] come on show us !!!
Parliamentary economic announces near the new version of currencies category 50 and 100 thousand dinars
[tlm724] Economic Commission parliamentary revealed near issuing new coins from the category of 50 to 100 000 dinars, as shown that the central begun issuing new designs for the new currency
[dogznova] tlm724 what the hail is this 50,000 and 1000,000 dinar crap
[tlm724] its not they are gonna be 50 and 100 dinar
[tlm724] an economist said that the deletion of zeros and the issuance of large groups will help to raise the value of the Iraqi dinar, ruling out the implementation of the project in time current.
[tlm724] The project to delete the zeros from the currency will not be implemented because of the lack of success of the project appropriate economic environment, despite being one of the objectives of the Central Bank," adding, "was equipped to issue coins of type 50 100 thousand dinars by the central bank, has been designed form those currencies
[tlm724] thats from najbi, do believe she would know the real facts? hail no
[tlm724] noting that "the issuance of large coins will help in carrying large amounts of money simple sizes and without the need for bags to carry cash
[tlm724] class 50 000 dinars and 100 000 dinars have been by the Central Bank of Iraq," noting that "the project has been discussed with the Finance Committee in the House of Representatives is not in good standing
[tlm724] pointing out that "the Central Bank has provided an outline of those currencies by identifying colors and logos and symbols that will be used in the new banknotes."
[tlm724] you all know this is the expected denial right ??
[dogznova] yes cuz issuing a 50,000 note and a 100,000 note will hurt the value .. Not make it go up
[tlm724] dogznova right !
[dogznova] this is what they did in the 80' added zeros.. they are not gonna do that again
[tlm724] won't happen this time imo defeats the whole program and reform
[dogznova] saddam times... Not a chance
[tlm724] exactly !
[dogznova] so yeah.. What you talking bout willis
[tlm724] they are stalling dogz
[dogznova] more like lying
[cstacy] tlm724 what is left to do ?
[tlm724] pump some more dollars to calm the masses
[tlm724] cstacy hard to say exactly, they are hiding parts
[cstacy] tlm724 ok thanks
[tlm724] It would be great to see the banking laws ready or at least on the agenda and I would think putting security in place for the issue of the new currency would be a top priority, I mean security at the banks, traders etc..