Alak said in a press conference held at the bank building and attended by Alsumaria News , "The project to delete the zeros is based was put into practice, and we gave the green light to start with," noting that "The project needs a period of time may extend to two years or more."
He Keywords that "this process will be preceded by regulatory and administrative operations and form in which it will be starting out in walking," noting that "the bank began creating currency models and training of cadres on it."
The Iraqi Central Bank announced in May 2012 that the process of deleting the zeros will be transferred Iraq from a country trillions to billions, noting that the currency replacing the process needs to be approved by parliament.
He accused the central bank, in (12 September 2011), government agencies obstructing monetary reform and vowed to persecuting, blaming those actors responsible for exposing the financial interests of the country to danger.
It is noteworthy that some economists say that Iraq is ready for the time being to delete the zeros from the Iraqi dinar, pointing out that the deletion needs to security and political stability as well as stability of the economy. LINK
[tlm724] The CBI says go baby go !
[cat] wow !
[tlm724] he stressed that this process will be preceded by the administrative and regulatory processes.
[tlm724] those are all the things we have seen the CBI do recently, all the steps necessary to make this project work, the auctions are stoppped and the bills are being paid through the banking system thus disabling any corruption, embezzling etc...
[bigdinaros] timmy does this need the parliament approval?
[tlm724] bigdinaros the CBI is an independant entity , they want the support of the GOI and they have it !
[tlm724] The project needs a period of time may extend to two years or more."
[tlm724] they have been telling us this, the time to draw in all the notes to completion will take years
[tlm724] that this process would be preceded by "organizational and administrative processes that will be launched by walking,
[tlm724] ease right into it, the CBI has already set the stage, hail just the other day the had an announcement about training employee's on how to deal with customers in English. There has been ongoing training all this time . We also saw them demand the banks bundle the notes and send them in Wink
[tlm724] Central Bank announced in May that the deletion of zeros from the country of Iraq would be redeployed to the trillions of billions, noting that the process of replacing the currency needs to be approved by the Parliament.
[tlm724] all the numbers will change throughout the country and when Shabibi was asked years ago how he would do that he answered simply it's easy I will just insert this disc.
[tlm724] The Central Bank, accused in (12 September 2011), the Government of blocking the monetary reform and vowed to prosecute, blaming them for endangering the interests of the country to danger.
[tlm724] CBI accused the GOI of stopping this, that is what got Shabibi in hot water, he called them (Maliki) out !
[tlm724] BondLady was right ! It was supposed to happen then and she proved it
[tlm724] Some economists believe that Iraq is now prepared to delete the zeros of the Iraqi dinar, stating that deletion requires political and security stability as well as the stability of the economy.
[tlm724] they have all they need, they are secure , Iraq will never be without violence it's the Middle East. They have a very secure and supportive GOI and a Prime Minister who is supporting them in all area's of monetary reform
[tlm724] so we have the green light, it's a go people Wink we are on our way. All these years of speculating WHEN it will start are over !
[cat] tlm724 yep
[tlm724] the last remaining question is where will they start as far as value and I think we will know that very soon, as every other day brings new light to us and our understanding of the currency reform ! Last thought, why do you think the GOI has hosted the governor so many times recently ? They have been putting the final touches on the plan Wink
Morning News Comments 03/03/2015 Today at 9:26 am
Today the launch of the workers' salaries
[tlm724] the ministry completed all distribution procedures salaries in coordination with the accredited bank in Baghdad and the provinces, as well as relevant to recipients card offices (Ki Card Smart) for the purpose of workers' salaries exchange secured. "
New mechanisms for auction currency in the Central Bank
[tlm724] has good revenue and there are no worries." While stressing that "the Iraqi dinar is covered at 150% of hard currency.
Governor of the Bank: Ahtiatatna of hard currency and very good cover of the Iraqi dinar to 150%
[tlm724] Governor of the Bank Iraqi dinar is covered at 150%, he has it covered Wink
Central Bank denies he stopped selling the dollar confirms: virtual height will not be long
[tlm724] pointed out that bank is considering various laws to support the banking process in Iraq
[tlm724] And the relationship, that "the bank is considering various laws to support the banking process in Iraq, including the law of deposit," and expressed hope that "the law provides to the Parliament and the citizens who will pay to put their deposits in their own expenses.