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kaperoni Found this article posted on an Iraqi forum. There is no date but i think it is fairly current. In any case, there is clarity to the process of the "delete 3 zeros" which is why i am posting it anyway. Everyone should read it.---------------------
Senior Iraqi currency change
Considered as deputy in the Iraqi parliament, on Wednesday, the central bank's decision to cancel the zeros of the Iraqi currency is expected Ttabekaya end of this year is a positive step for the Iraqi economy, was described as an economic advisor to Prime Minister decision as "ridiculous."
He says a member of the Finance Committee in the Iraqi parliament Sami Atrushi that "the deletion of zeros from the Iraqi currency will leave a positive impact on the Iraqi economy during the next phase," noting that "the deletion process does not mean the removal of the monetary value of the Iraqi currency, as understood by the other."
The Advisor to the Governor of Central Bank of Iraq the appearance of Mohammed Saleh announced in a press statement, on Tuesday, the Bank will work to replace the Iraqi currency gradually the end of this year, indicating that the purchasing power of the new currency will remain stable.
Atrushi and adds in an interview for "Alsumaria News", that "the fact of change that will be on the Iraqi currency will change the face value of the dinar and not the real value is measured by the light of the value of the Iraqi dinar against the dollar and gold," as he put it.
He stressed Atrushi the need to "adopt the central bank a new strategy in the coming period to educate citizens about the change that will happen in the currency Kalastratejah adopted in the process of changing the currency," pointing out that "this strategy will spare the Iraqi economy, the risk of manipulation of traders in the new currency that will be in the market." .
Attention Atrushi that "the plan, which will be followed by the central bank to delete the zeros do not necessarily begin in the year 2010," asserting that "the economic conditions that were experienced by Iraq during the past period the bank paid to the non-application of the process of removing the zeros from the currency."
For its part, considered an economic expert safety Sumaisem that the process of deletion of zeros from the currency is a good step but needs to efforts of the media more than economic efforts, "attributed the reason that" the market will be exposed to vibration once believed the citizen that the deletion of zeros will affect negatively on the real value of the currency " .
It adds Sumaisem in an interview for "Alsumaria News", that "the real value of the coin is the value of goods received by the individual and that on the strength of the national economy," asserting that "these things can be achieved stable security situation, in addition to the information effort senior economist to educate citizens about the positive results of the process of deleting the zeros. "
For his part, describes the economic advisor to Prime Minister Abdel Hussein Anbuge in an interview for "Alsumaria News", the process of changing the currency to "fake".
He says Anbuge that "there are so-called" cheat money "or monetary illusion and this illusion can be at the beginning of a client determine how the zeros of the currency that the citizens will feel better but in practice it takes a very short time to discover the citizen does not vary anything," calling the Iraqi Central Bank to "Cancel the zeros of the citizens' income, to improve its purchasing power," as he put it.
He adds Anbuge that "the monetary policy pursued by the central bank depends on the law of the bank, which put the civil administrator Paul Bremer after the year 2003, which gave independence almost entirely for the bank in managing monetary policy for the country," pointing out that "the Iraqi government is not satisfied with the political because of the problems economic disadvantages faced by Iraq. "
Indicates Anbuge that "the main problems experienced by the Iraqi economy is concentrated in the private sector and the trade imbalance, in addition to the weak structure of the spending problems that must find swift solutions to them and not concern issues of high school," stressing that the deletion of zeros from the currency is the process of fixing "the numbers do not economic value to them. "
The Advisor to the Governor of the Central Bank of Iraq the appearance of Mohammed Saleh, said in an interview earlier "Alsumaria News", last January, said that "the proposal to cancel some of the zeros of the Iraqi dinar, is one of the priorities of the Central Bank of Iraq, to reform the currency and the organization," noting that "of past wars fought by Iraq, and caused high inflation in the money supply of 25 billion dinars in 1980 to 23 trillion dinars now."
Associated with changing the currency in Iraq permanently the political situation and related major changes, when established the Iraqi state in 1921, has been minting new currency of the Kingdom of Iraq and continued until 14 July 1958, and after the declaration of the republican system has been replaced by the currency property currency of the Republic, when he fell the former regime in 2003, changing the currency bearing the image of former President Saddam Hussein and issue a new currency which is traded on the market.
The CBI, with headquarters in Baghdad and has four branches in Basra and Sulaymaniyah, Irbil and Mosul, he founded the bank independent Iraqi under the law of the Central Bank of Iraq issued on March 6, 2004, and shall be responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and management foreign reserves and the issuance of currency management, as well as to regulate the banking sector
Thanks kaperoni
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I got this from Dinar Alert I thought everone should see this so i brought it here
Senior Iraqi currency change
Considered as deputy in the Iraqi parliament, on Wednesday, the central bank's decision to cancel the zeros of the Iraqi currency is expected Ttabekaya end of this year is a positive step for the Iraqi economy, was described as an economic advisor to Prime Minister decision as "ridiculous."
He says a member of the Finance Committee in the Iraqi parliament Sami Atrushi that "the deletion of zeros from the Iraqi currency will leave a positive impact on the Iraqi economy during the next phase," noting that "the deletion process does not mean the removal of the monetary value of the Iraqi currency, as understood by the other."
The Advisor to the Governor of Central Bank of Iraq the appearance of Mohammed Saleh announced in a press statement, on Tuesday, the Bank will work to replace the Iraqi currency gradually the end of this year, indicating that the purchasing power of the new currency will remain stable.
Atrushi and adds in an interview for "Alsumaria News", that "the fact of change that will be on the Iraqi currency will change the face value of the dinar and not the real value is measured by the light of the value of the Iraqi dinar against the dollar and gold," as he put it.
He stressed Atrushi the need to "adopt the central bank a new strategy in the coming period to educate citizens about the change that will happen in the currency Kalastratejah adopted in the process of changing the currency," pointing out that "this strategy will spare the Iraqi economy, the risk of manipulation of traders in the new currency that will be in the market." .
Attention Atrushi that "the plan, which will be followed by the central bank to delete the zeros do not necessarily begin in the year 2010," asserting that "the economic conditions that were experienced by Iraq during the past period the bank paid to the non-application of the process of removing the zeros from the currency."
For its part, considered an economic expert safety Sumaisem that the process of deletion of zeros from the currency is a good step but needs to efforts of the media more than economic efforts, "attributed the reason that" the market will be exposed to vibration once believed the citizen that the deletion of zeros will affect negatively on the real value of the currency " .
It adds Sumaisem in an interview for "Alsumaria News", that "the real value of the coin is the value of goods received by the individual and that on the strength of the national economy," asserting that "these things can be achieved stable security situation, in addition to the information effort senior economist to educate citizens about the positive results of the process of deleting the zeros. "
For his part, describes the economic advisor to Prime Minister Abdel Hussein Anbuge in an interview for "Alsumaria News", the process of changing the currency to "fake".
He says Anbuge that "there are so-called" cheat money "or monetary illusion and this illusion can be at the beginning of a client determine how the zeros of the currency that the citizens will feel better but in practice it takes a very short time to discover the citizen does not vary anything," calling the Iraqi Central Bank to "Cancel the zeros of the citizens' income, to improve its purchasing power," as he put it.
He adds Anbuge that "the monetary policy pursued by the central bank depends on the law of the bank, which put the civil administrator Paul Bremer after the year 2003, which gave independence almost entirely for the bank in managing monetary policy for the country," pointing out that "the Iraqi government is not satisfied with the political because of the problems economic disadvantages faced by Iraq. "
Indicates Anbuge that "the main problems experienced by the Iraqi economy is concentrated in the private sector and the trade imbalance, in addition to the weak structure of the spending problems that must find swift solutions to them and not concern issues of high school," stressing that the deletion of zeros from the currency is the process of fixing "the numbers do not economic value to them. "
The Advisor to the Governor of the Central Bank of Iraq the appearance of Mohammed Saleh, said in an interview earlier "Alsumaria News", last January, said that "the proposal to cancel some of the zeros of the Iraqi dinar, is one of the priorities of the Central Bank of Iraq, to reform the currency and the organization," noting that "of past wars fought by Iraq, and caused high inflation in the money supply of 25 billion dinars in 1980 to 23 trillion dinars now."
Associated with changing the currency in Iraq permanently the political situation and related major changes, when established the Iraqi state in 1921, has been minting new currency of the Kingdom of Iraq and continued until 14 July 1958, and after the declaration of the republican system has been replaced by the currency property currency of the Republic, when he fell the former regime in 2003, changing the currency bearing the image of former President Saddam Hussein and issue a new currency which is traded on the market.
The CBI, with headquarters in Baghdad and has four branches in Basra and Sulaymaniyah, Irbil and Mosul, he founded the bank independent Iraqi under the law of the Central Bank of Iraq issued on March 6, 2004, and shall be responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and management foreign reserves and the issuance of currency management, as well as to regulate the banking sector
Thanks kaperoni
[You must be registered and logged in to see this link.]
I got this from Dinar Alert I thought everone should see this so i brought it here
Last edited by deniscanada on Mon Sep 26, 2011 2:38 am; edited 1 time in total (Reason for editing : added link)
