[michigander0131] Economist: you must apply three zeros deleted project citizen service and local currency Friday, 05 October 2012 The Economist stressed Abdulhasan alshammari, need to apply project delete three zeros currency because it hurt to serve the citizens and national currency by reducing cash large groups of blocks in the local market. He said Al-shammari (News News Agency): the implementation of the restructuring of the Iraqi currency after deleting three zeros were necessary because it will serve the citizen and national economy as large groups would turn into a small unit, which will facilitate market transactions and accounts for State services. He added: the project will provide additional financial resources for the country through printed coins (dinar and half quarter dinar, dinar) where the life span of these categories (25), while older paper no later than three months it's quick handling and damage.
[michigander0131] very good article and i will put in kaparonis response to it/because he does a way better job then me//
Read More Link on Right
[michigander0131] Sometimes the best articles are slipped in. Though this is not from the CBI, it is a very good article. As Bob already said, it clearly says that you have to apply this now because if you don't it will hurt the citizen and the currency because you removed the 3 zero notes (reduced the cash large groups). This also confirms we are right they are removing them. Even though LOPers keep telling everyone they are not. There is no reason to remove these notes if they were LOPing the value in advance of the re-denomination. This is confirmation again, that the CBI removed the larger 3 zero notes. And as we read already this spring, the CBI took trillions of them out of circulation through the auctions. Some 12-16 trillion alone in April-July. This economist is right on..he is saying you cannot take our currency away, and do nothing and not hurt the people and the currency. It makes sense to me he is right. Now,. you add the article from the other day about the condition of the currency, and the problem IMO becomes even more serious. They simply cannot do nothing. The country is very dollarized right now and that needs to change. I cannot see the CBI continuing this for weeks, let alone months under the current circumstances.
[michigander0131] in short they must start to move on their currency reform
[michigander0131] Date: 10/05/2012 08:43:34 Friday Baghdad (news) .. Attributed the economic expert Manaf Al Sayegh, the reasons for the recent actions of the Central Bank to raise (Kuta) Prices of Iraqi banks for the currency, to stabilize the exchange rate of the dinar against the dollar. Sayegh said: demand for the currency attack earlier prompting the central bank to restrict the display of foreign currency ceilings pricing and selling virtual currency in the banks to achieve a balance between the dinar and the dollar. He continued: to reduce the difference between the market price and the price of the bank to make a strong Iraqi dinar against the dollar, stressing that the coming period will see a level playing field between the dinar and the dollar.
[michigander0131] best part of this article is ........stressing that the coming period will see a level playing field between the dinar and the dollar.
[michigander0131] well ok when you all wake up there is some good reading///
[michigander0131] im still looking at sometime this year//we can only hope and pray