Post Emailed To Dinar Recaps
RETURN TO DELETE ZEROS OF IRAQ DINAR
The decision of zeros and a broad debate between supporters and opponents .. We wish debate broader in universities and the House of Representatives and the rest of the institutions ...
but an explanation of image, sound and cartoons to prepare the public for this process. However, Valenqashat healthy phenomenon for mature opinion.
Especially with the availability of all information, such as the money supply and the number of banknotes, exchange rates and others. When the basic information for any file is available, the debate becomes positive, and not just rumors and controversies in newspaper headlines and news bar.
Objections to cancel the zeros process addressed the likelihood of fraud. She cited the changing currency (15/10 / 2003- 15/1/2004), which were marred by a stampede -okasr Madh- No doubt, some of the fraud, despite the fact that this process has allowed them to achieve many things ..
1- Currency union major currencies instead of at the time, a Swiss dinar and Saddam dinar and the dollar .. except many other traded in certain areas Kaltoman Iranian and Turkish Lira and the Jordanian dinar.
2- The single currency has allowed the organization of a successful monetary policy of the Central Bank in difficult circumstances .. lifted Iraq reserves from scratch to reach 58 billion US dollars a day ..
and controlling inflation exceeded three figures before 2003 .. amounted to 75% per year four years ago .. to arrive today to 5 0.2% per annum .. and maintain currency stability and strength .. which was born tranquility markets and transactions .. The basic goals of cash does not diminish that some of the gaps and mistakes.
3- Must recognize the central bank that it has returned some of the people's money for the people .. as calculated value of 1500 dinars = dollars when changing currency and its value today .. 1180 dinars to the dollar .. any regained every citizen the equivalent of 21.3% of its cash holdings. Unlike previous policies that ate monetary assets to reach the 3,000 dinar / dollar and more.
The objections about the difficulties of the replacement process .. Vsttrah the new currency, and the two currencies will coexist for a year or two.
And is withdrawn with zeros gradually whenever reach of banks, you will not get to defend .. but may allow the process to disclose fraud traded currency today ..
The objections costs, the printing papers with less (1000) times the securities traded would be more feasible necessarily, knowing that copyright is an ongoing process annually for the withdrawal of the damaged leaves or to increase the money supply.
Zeros from the currency's value will not change, and will help to ease currency trading and fragmentation, storage and calculated .. This is a good qualities of the coin, which, of course, the most important of stability and confidence in them. "
Tlar: I see this article as a heads up to banks and the population. We know that there is a lot of Iranian made counterfeit currency circulating (dinars).
We know that the banks have been warned that the CBI will not cover their burden/loss if they accept it and try to pass it on to the CBI (Shabibi had told thrm this now years ago).
I think this is what this article is saying. If counterfeit currency is presented to the bank that there will be no arguing if it is counterfeit.
IT WILL BE CONFISCATED on the spot with no payment, and no matter what you have to say, it will fall on deaf ears. You will not have any chance to defend.
Most of the counterfeit currency at present in Iraq never reaches the bank. I see this is a heads to all banks and population to take away any argument that we did not know it was counterfeit and it will be confiscated.
Try reading it in this context and the article makes perfect sense. tlar