BondLady's Chat No. Two - Monday, September 12, 2011 - Update from Shabibi's Meeting with Parliament (Found on BLC)
shabibi met sat and sun in parliment to talk about the removing of the 000 notes an releasing the ld's, and imo ...IMO...... they passed the law for him altho ive not found any thing yet to prove that buttttttttttttt because the goi which maliki didnt want it passed and the media who is mostly controlled by maliki both started bashing shabibi and the cbi so shabibi did a press release.....................
Central Bank accused of obstructing governmental bodies and threatens the monetary reform persecuting
12/09/2011 4:09 09/12/2011 Economy no comments no comments
Iraqi Central Bank Governor Sinan Shabibi
"Portal Iraq," Baghdad - accused the Central Bank of Iraq, on Monday, government agencies of obstructing the idea of monetary reform in Iraq, said that while reserve the right legal entity in the defense, blaming the authorities responsible for endangering the financial interests of the country to danger.
A statement issued by the Central Bank of Iraq, today, that "some government officials are waging an unprecedented media attack on the bank, considering that there is work outside the law mar the idea of monetary reform carried out by the Central Bank".
He was Adviser to the Prime Minister for Economic Affairs said in a twenty-fifth of August, that lifting the zeros from the currency is the biggest corruption in Iraq if it was during this period, and fall under the name of tampering with the economic, warning of "mafias currency" is preparing to rig the trillion Iraqi dinars to replace in the light of the planned changes.
The statement added that "the Bank has already received an official letter from the Committee on Economic Affairs in the cabinet in 2007 when the bank is appealing to study the draft of the Iraqi currency reform by restructuring and deleting three zeros from them."
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The statement noted that the speech was designed to "facilitate the cash trading and reduce the cost of cash transactions in the context of a reform strategy for the system of monetary management in the country, like what was done by the majority of the countries of the world, particularly those that left the turmoil and economic decline, which seeks to rebuild the cash."
The statement noted that "the Bank finds that such irresponsible acts in the launch of the charges baseless and motivated by an unknown direction contrary to the rules of behavior that should be adhered to by state officials in tackling the issues of different countries, especially sensitive of them."
He stressed the bank that "will retain the right to legal defense of his being, and download those authorities responsible for endangering the interests of the country's finances to the risk of prejudice to the irresponsible," noting that "these actions are meant to expose the centers of legal and international central bank to the risk of moral hazard to the public in various forms."
The Iraqi Central Bank Governor Sinan Shabibi said at a meeting of independent bodies with Prime Minister Nuri al-Maliki, which took place in the 19 of June 2011, ready to create all the supplies to replace the Iraqi currency.
As Vice President of the Central Bank of Iraq the appearance of Mohammed Saleh, said in an interview earlier "Alsumaria News", the bank's readiness to delete the zeros of the Iraqi currency, pointing out that those zeros that are added to the Iraqi currency during the last period formed a cluster of large cash amounted to 27 trillion Iraqi dinars .
The Central Bank of Iraq, has four branches in Basra and Sulaymaniyah, Irbil and Mosul, which was established as a bank independent Iraqi under the law of the Central Bank of Iraq issued on the sixth of March 2004, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and the management of reserves and the issuance of foreign currency management, as well as to regulate the banking sector
********************and this one************
Central: we are attacked by the media an unprecedented idea of deletion of zeros from the currency
12/09/2011 7:29 Baghdad, "Iraqi gate," Mohammad Sharif
Iraqi Central Bank said on Sunday, said some government employees who hold jobs in the positions of the state media are waging an unprecedented attack on the bank, accusing him of acts that are beyond the law mar the idea of monetary reform.
He said in a statement received "the gate of Iraq," a copy of it, he had already received an official letter from the Committee on Economic Affairs in the Cabinet in 2007 appealing to the bank to consider a draft reform of the system working in Iraq expressed by restructuring and deleting three zeros, and on some easy cash trading and reduces cost of cash transactions as part of a reform strategy for the cash management system in the country.
And had the idea of deleting zeros from the currency strong views both for and against, and some economists need this measure to reduce the money supply and thus facilitate the trades towards creating a climate suitable money for investment and reconstruction, but others did not see in this project, but a cosmetic rather than more, and some go to further argue that this project would harm the national economy at this particular time on the grounds that the security situation confused and widespread phenomena of corruption and a weak regulatory authorities will encourage the creation of a climate of speculation and fraud, and that this measure does not need to be in a stable economic environment, and the target moral stated years ago, has no relationship to inflation, and this goal in light of global economic conditions in the confused and continued dependence on oil, Iraq, without diversity in revenue would be difficult to achieve.
The statement, that the bank was surprised by an unprecedented media attack, accusing him of acts that are beyond the law mar the idea of monetary reform at the same time ignoring the long history of national monetary institution entrusted with the public money and protection for the stability and economic development in the country.
The sharp tone in his statement that he "finds that these actions is responsible for firing the charges baseless and motivated by an unknown direction contrary to the rules of behavior that should be adhered to by state officials in tackling the issues of different countries, especially sensitive of them."
The Advisor to the Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge, said in a press statement on the fourth of September, the current "The removal of zeros from the currency will cause the events of major problems and would disrupt the national economy" was the Sumerian News quoted Anbuge in the twenty-fifth of last August that "the lifting of zeros is the biggest corruption in Iraq, if made during this period and fall under the rubric of economic absurdity "
For his part, MP for the coalition of state law Mohammed Chihod Monday to "postpone the deletion of zeros from the currency to miss an opportunity to corrupt and counterfeiters, as they are conducted peacefully in the case at the present time of great harm on the Iraqi economy."
The Chihod in a press release "in light of the current situation where there are financial and administrative corruption is controlled and Matuverh sectarian and partisan of the cover for the corrupt and under the survival of Iraq under Chapter VII becomes a subject of the deletion of zeros from the currency of the errors very serious right of the Iraqi economy as a result of the deletion process will happen significant inflation. "
"The process of removing the zeros will be an opportunity for forgers in the introduction of large quantities of counterfeit currency to the banks and the new currency that replaced the corrupt exploitation of this process they will use the ugliest."
The central bank in its statement that "these actions represent a clear violation of the rules of conduct and acting career that are meant to expose the centers of legal and international central bank to the risk of moral hazard to the public in various forms, the central bank will retain the right to legal defense of his being loaded with the bodies responsible for exposing financial interests of the country to the danger of prejudice to the irresponsible
******************* so shabibis translation to the press release was this...........shabibi said, i know u all are hearing derogitory things about me and the cbi, he says the cbi is above reproach, he says the cbi records are open for view and every thing is in order, he said the cbi is internationally and globally respected, he says to the people donot believe these things to put there trust in him and the cbi.....................**************** then theres this article which leads me to believe the law was passed*********
Abadi: We are with the deletion of zeros is likely to begin replacement of the currency early in 2012
Monday, September 12 / September 2011 10:06
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 actions to be associated with a sound and correct.
Predicted told all of Iraq [where] that "the start of the new currency to replace the beginning of 2012, wondering whether enough time remaining to the procedures associated with currency exchange, or will be extended period of time longer."
Abadi said that "a number of precautionary measures have been discussed with the Central Bank because the replacement process be successful and correct."
He said deputy state law that "one of the precautionary measures is that the currency is safer and less fraud because the old currency, and the percentage of fraud where a few, but the quantity was great Xu," 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 countries. "
And Abbadi, "The new currency will not reflect negatively on the inflation situation in the country and will be dealing with finance in Iraq, the easiest and best delete the zeros."
He revealed that "the mechanism tends to replace the currency gradually and not all at once so as not to back the currency on our web site to the market again. Adding that" destruction of the old currency must be accompanied by strict measures to prevent the return of the old currency and the leakage to the market. "
He noted that "the new place that will bring the process of replacing the new currency and destroying the old currency has yet been set."
Abadi concluded his speech by saying 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 states have preceded us in this context, France and Turkey and others."
And we are talking some time ago in the Iraqi media regarding the change of currency, and issuing a new currency, and is noted that there are changes will occur in the form of new Iraqi currency, including the removal of zeros, and the inclusion of the Kurdish language to the Arabic language in the currencies.
There were conflicting reports on the feasibility of the deletion of zeros from the Iraqi currency, at a time which is regarded by some of the biggest financial corruption in Iraq because of money laundering is seen by many as the other comes in the framework of the currency reform of management system in preparation for the next phase. Ended
**************** now plz dont go crazy about the 2012 date on it there not gonna come out an tell u when they are rving..................but look at this line....................We are with the deletion of zeros is likely to begin replacement of the currency early in 2012
***********We are with the deletion of zeros ************imo this says we have accepted the law of the deletion of the 000 saying we are with u on this******************the next part to see is this............likely to begin replacement of the currency early in 2012****************............likely to begin ***************it doesnt say it will or it shall it says its likely to, anyways hope this has been of some help to yall...........ty for reading it and ty for your support.........BondLady