1:31 PM [michigander0131] 10/07/2012 2:12 The deputy governor Iraqi Almkza Bank the appearance of Mohammed Saleh, said that the central bank was briefed on the frequency of news refers to postpone the implementation of the restructuring of the Iraqi currency project and deleting three zeros.
Saleh added in a statement singled out by the reporter, "Iraqi news agency Independent" that while the stress that this project is important and vital for our country and our economy and society, the requirements of coordination and cooperation between us and the legislative and executive branches have to adjust the timing of the launch of implementation, despite the central bank completed the bulk of the proceedings.
Moreover, the development of new currency in circulation (upon completion of print) must be the beginning of the calendar year where it has been determined to begin implementation and not through it. LINK
Read More Link On Right
1:36 PM [michigander0131] Economist: project application must delete the three zeroes to serve the citizens and the local currency Issue no: 2588 Issue Date: 10/07/2012: Sunday Last Update: 07/10/2012 BAGHDAD - A follow-up: Stressed the economic expert Shammari, the need to apply the project to delete the three zeroes from the currency because it hurt to serve the citizen and the national currency by reducing the monetary blocs with large groups in the local market.
Al-Shammari said: The implementation of the project restructuring of the Iraqi currency after deleting three zeros which is necessary for it would serve the citizen and the national economy, considering that large groups will turn into a thousand small units, which will facilitate transactions in the market and accounts for government departments.
He added: that the project will provide additional financial resources of the country through printed Coins (quarter dinars and a half dinars dinar) where the life span of these categories (25) year, while paper-old does not exceed three months for it's fast handling and damage.
He pointed out: that the state is printed annually Banknotes limits (250 - 750) million dollars per year, when the implementation of the project will cut the federal government for printing new currencies annually saving money could be used in projects of the country.
This central bank is preparing for the implementation of the project to delete the three zeroes from the national currency after the completion of all procedures related to the project, but so far no date has been set for its application due to calls from some officials to postpone it. LINK
1:36 PM [cjswest] hello1 michigander0331 thanks for updates
1:37 PM [michigander0131] very good article here explaining that their will be no lop
1:37 PM [michigander0131] It seems plain as day to me... and EXCITING as all get out! A" large group " turning into a "thousand small units".. means that a single 25,000 note ( large group) will turn into a thousand 25 dinar notes ( thousand small units) - a 1,000 note will become one thousand small units of one dinar.. This CLEARLY INDICATES NO LOP!
1:38 PM [michigander0131] Rush to delete the zeros currency .. Vice: You must start early 2013 10/07/2012 12:00 am BAGHDAD According to a member of the Economic Committee in the House of Representatives Abdul Hussein Abtan, the need for the Iraqi market, to the project to delete the zeros from the Iraqi currency early 2013 to save the country from increasing rates of economic inflation, stressing that the postponement of the project to 2014 will hurt the country's economy.
1:39 PM [michigander0131] hmmmmm looks as if they are in a hurry
1:40 PM [michigander0131] Many Iraqis have lost confidence in the Iraqi dinar , but he is big profits for some foreign speculators. This disparity highlights the uncertainty surrounding the investment in Iraq while recovering from years of war and economic sanctions.
And depends on the rise of the dinar speculators on a simple logic has increased Iraqi oil exports to 2.6 million barrels per day in September / registered their highest level in three decades and Iraq seeks to export six million barrels per day by 2017, which would make him closer to the current Saudi level.
Even if the event of political instability and insurgent violence and bureaucratic without achieving this goal, Iraq still seems on the threshold of an oil boom will lead to a shift in the financial situation. Has granted the flow of oil revenues the new Iraq a large surplus in foreign transactions and enhance the conditions of public finance in the late decade .. This is the traditional recipe for a strong currency. LINK
1:40 PM [michigander0131] this article clearly states how they know we all have dinar and are waiting for the final button pushing
1:41 PM [michigander0131] cjswest hello and your welcome
1:42 PM [cjswest] michigander0131 always appreciate your hard work in finding great articles,
1:48 PM [michigander0131] well thank you always enjoy bringing a little bit different stuff than just stuff from sources and such
1:49 PM [michigander0131] Tariff and the World Trade Committee emphasized the economy and investment parliamentary, that the application of Iraq tariff system will enter into the World Trade Organization, noting that the government has an obligation to take action to protect the economy and prices do not rise.
The Finance Minister Rafie al-Issawi announced, last week, for the first identification of next June as the date for the work of the tariff regime in Iraq after it has been postponed twice, "stressing that" this time can not be postponed. LINK
1:49 PM [cjswest] michigander0131 just wish their hurry up thing was really going to happen in 2012
1:50 PM [michigander0131] cjswest me too
1:50 PM [cjswest] michigander0131 maybe in arabic 13 looks like 12 , or other way around,
1:51 PM [michigander0131] Sunday, 07 October 1 / Okrudolf 2012 10:23 Weak Good Twilight News / Deputy Prime Minister, Sunday, Iraq's access to the "green light" from the United Nations; to reduce the amounts of compensation ratios invasion of Kuwait from 5% to 2 or 3% of the proceeds of Iraqi oil exports. Said Rose Nuri Shaways, in a statement reported for "Twilight News", "Iraq got the green light from the United Nations to reduce the rates of the amounts of compensation invasion of Kuwait of 5 percent to 2 or 3 percent of the revenues of Iraqi oil exports," noting that "this important but will prolong the repayment period is about to end soon. " LINK
1:52 PM [michigander0131] so now the UN has ok,ed the reduction of compansation to kuwait from iraq//so lets get it done already ch 7 that is
1:53 PM [michigander0131] Sunday, 07 October 1 / Okrudolf 2012 01:09 [Baghdad - where] The Chairman of the Committee on Foreign Relations parliamentary Hamoudi complicated procedures to remove Iraq from Chapter VII marched country and committed to its implementation, and is now waiting to take him out of this item.
He told all of Iraq [where], that "the country out of Chapter VII is not easy nor is based on emotions, there are complicated procedures walked where Iraq, and committed to their implementation, and much has been done, and now my understanding that the ball in the court of the Kuwaiti side that is peace" LINK
1:53 PM [michigander0131] cjswest yes could be
1:54 PM [michigander0131] im just ready to put this computer down for good//once this happens im done with iraq and any news articles //
1:57 PM [michigander0131] The time on Sunday, 07 October 1 Baghdad / Orr News Reveal the Integrity Committee in the House of Representatives today in a press conference a new list of the names of senior officials implicated files financial and administrative corruption, includes a number of ministers, deputy ministers and directors-general of the former and current.
The Committee pointed out that there are ten houses to senior officials in the state was restored and rehabilitated inside the Green Zone, cost millions of dinars of public money and will announce the names of those owners. LINK
1:57 PM [michigander0131] this is no surprise ok all have a good afternoon//wave
2:06 PM [cjswest] michigander0131
2:08 PM [sandinar] and we wait some more ,this sure gets old
2:09 PM [golddust] Got to go deliver dinner
2:33 PM [cjswest] all
2:33 PM [cjswest] come on rv show up today