Folks, don't believe anything unless it comes from the CBI ....... Shabibi said this in a Press Release translated by Khoury (our translator) that was posted on the Arabic side of the CBI website a few months back.... and so far there is nothing announced about this by the CBI.
No disrespect to your guy yota but this is not what we want, IMO, if they drop the rate to 1000 : 1 we could see a longer wait or it could lead to a straight up re-denomination or what the Lopsters call a lop.
I sure hope I'm wrong and your guy is right if this does happen but in reality this is a perfect set up for a lop.
Read More Link On Right
But It is also hard for me to believe a few articles that are obviously written by the same person and distributed to several news sources at one time and on top of that they don't even have the facts straight, see here;
they talk about the reserves this way, *** which exceeded $ 65 billion .... when it states the reserves are at $67 billion on the CBI financials and other articles state the reserves at $70 billion here lately. Not to credible in my books but look at these too!
*** implies that the deletion of zeros will reduce the size of the money in circulation Kkamih, and indeed it does not reduce even by 1%
WOW, NOT EVEN 1% REALLY, AND WE ARE TO BELIEVE THIS WITH ALL THE STUDIES
THAT HAVE BEEN DONE AND ALL THE OTHER COUNTRIES THAT HAVE REDUCED THEIR
MONEY SUPPLY BY REMOVING ZEROS FROM THEIR CURRENCY .... SEE, THIS SEEMS
TO BE A MISDIRECTION CAMPAIGN, IMO
HERE HE TALKS OUT OF BOTH SIDES OF HIS MOUTH, SEE HERE HE SAYS THE
GOVERNMENT WANTS THIS WHEN HE JUST SAID IT WON'T EVEN REDUCE IT BY 1%....
*** although the government believes that the change of currency is a good thing in the case of appropriate conditions for its application
SEE, HE SAYS IT WILL NOT EVEN REDUCE THE AMOUNT BY 1% AND THEN HE SAYS IT IS A GOOD IDEA, NOT TO CREDIBLY AGAIN, IMO.
Also, the Board of Directors of the Council of Ministers gave the power to Turki and said for him to use your experience to determine the right time to implement the project, not some General Secretariat of the Council of Ministers. Again, this was translated from the Arabic side of the CBI website by Khoury, are translator, in December.
I do like this tho because we seem to be getting closer if things like this start popping up........thanks guys for the news....
__________________ ARTICLE & LINK
Cancelling zeros from currency unexpected, Cabinet 2/4/2013 2:32 PM
BAGHDAD/ Aswat al-Iraq: The General Secretariat of the Iraqi Cabinet did not expect that the Iraqi currency will be changed or cancelling the three zeros at this time.
Secretary General Ali Muhsin Ismael said that the government is trying to increase the value of the dinar to the US dollar.
He added that cancelling the zeros is "not of priority to the government".
Ismael expected that the Iraqi dinar value is expected to be increased in comparison to US dollar, due to the increase in the reserves in the Central Bank of Iraq which reached to 65 billion dollars.
He pointed out that the government is trying to reach the level 1000 Iraqi dinar as equivalent to one US dollar.