What does it mean to delete Iraq 3 zeros from the Iraqi dinar?
Three zeros to be cancelled from Iraqi currency, says MP
*** will begin in the current year by deleting three zeros from the local currency,
*** in other words, that the unit of currency category thousand dinars from the old currency will be replaced dinar and only one of the new currency, and so on.
THAT PART SURE SPELLS LOP BUT WHEN A COUNTRY LOPS OR DELETES THE ZEROS IT HAS ALWAYS CAUSED HIGH INFLATION AND NO GAIN IN VALUE, SEE HERE;
*** which leads to a decline in the rate Exchange rates and lower purchasing power of the dinar in a big way.
*** With every lift in the denomination as the economy enters in the midst of inflation.
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BUT THEY SAY TO CHANGE THE MONETARY REFORM AT THE SAME TIME:
*** One way to control high inflation is a monetary reform,
*** combined with a change in monetary policy by replacing the old currency Pfiadtha (WITH) high new currency classes (THAT HAS HIGH VALUE) even lower prices tend to decline.
*** But does he have on inflation? The answer is no, because the elimination of inflation required to follow the state moderate monetary policy.
YOU HAVE TO KNOW HOW TO READ THESE
SAME ARTICLE JUST ANOTHER BREAK DOWN SINCE NOW WE ARE GETTING A LOT OF ARTICLES THAT LOOK TO SAY THIS WILL NOT START UNTIL 2014 WHICH IMO IS NOT WHAT THEY ARE SAYING BUT JUDGE FOR YOURSELVES.
*** that the central bank will begin its procedures proactive implementation of the project during the current year Ktba currency
THAT STATEMENT MEANS THEY ARE GOING TO START RIGHT AWAY ******** during the current year Ktba currency
*** and contracting with companies to be after the process of replacing the currency in early next year,
THIS ONE IMO SAYS THAT THEY ARE GOING TO FINISH REPLACING THE CURRENCY BY EARLY 2014, HERE IS THE LAST PART AGAIN:
**** after the process of replacing the currency in early next year ....... MEANING THEY ARE GOING TO START NOW
YOU MUST KNOW HOW TO READ THESE THROUGH THE CRAPPY TRANSLATION
pointing out that the central bank put strict measures to prevent fraud that may accompany the replacement process.
THIS IS ALSO SAYING THAT THERE IS NO NEED FOR COUNTERING AFTER THE FIRST PART OF 2014 BECAUSE THE SECURITY MEASURES OF THE NEW CURRENCY ....