Central Bank of Iraq announced its intention to implement the project raise zeros from the currency in collaboration with the government

Central Bank of Iraq announced its intention to implement the project raise zeros from the currency in collaboration with the government - TY Bob at DA

Last updated: 17-04-2012 01:36 PM

The solution -
Baghdad

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Deputy Governor of Central Bank of Iraq the appearance of Mohammed Saleh said that the implementation of the project raise zeros from the currency and replacement, Machristdt of significant changes in the calculation in the country requires joint efforts and cooperation between the government and the Central Bank.

And praised for the role of financial institutions that worked on the preparation of the project raise zeros from the currency.
He criticized the favor at the same time the Ministry of Finance and Ozerha Rafie al-Issawi not to take any position or action towards this project, he said.

Salih stressed the importance of joint cooperation between the two sides to manage the monetary policy of the country, saying the central bank an independent body and this project is a joint work only. Ended

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Shredd you did it again.. TY for this good news... We knew all along that there had to be some collaboration.. good find..

P.S. don't you love the word.."replacement"... lol

NICE! post Shredd, thanks!

LOVE IT! Thank you kind sir.

MED's comments:

Med: NOW FROM WHAT I SEE FROM CBI IS THEY ARE GOING TO GO FORWARD

Med: AND THREW OUT AN OLIVE BRANCH SAYING IT WILL TAKE EVERYONE TO MAKE IT WORK SO IT APPEARS THAT THE CRISIS WE THOUGHT WAS GOING TO STOP THIS IS NO LONGER THERE

8888888888888888888888888 -- Continued Chat -----

Med (00:31:49): OK ONE THING AND THE ONLY ONE THAT COUNTS I READ TWO ARTICLES BEFORE I CAME BACK ON AND IT APPEARS THAT CBI HAS TOLD THE GOI TO P******* OFF

Med: THEY ARE GOING THROUGH WITH THE REMOVAL OF ZERO'S FROM THE NOMINAL VALUE NOW IF YOU REMEMBER THE COUNCIL OF MINISTERS SLIPPED UP AND STATED THAT THEY WERE GOING TO RELEASE IN SEPTEMBER

BUT WANTED IT STOPPED NOW IF THEY ARE STILL ON TRACK THERE IS YOU TIMELINE NOW ALSO THEY HAVE A DESPERATE NEED TO INCREASE THE VALUE OF THE IQD

Med: AGAINST THE USD THEY HAVE LOST ABOUT 120 PLUS PIPS OVER THE LAST TWO WEEKS THIS IS NOT GOOD FOR CBI OR THE CONSUMER WHO HAS LOST PURCHASING POWER AND IT HAD SO LITTEL TO BEGIN WITH

Med: THEY CANT AFFORD TO KEEP SEEING IT DIMINISH

Med: NOW I DONT THINK YOU ARE LOOKING AT AN EARLY ONE TO ONE RV I DO THINK THEY WILL HAVE TO START THE MOVE THEY STATED WAS GOING TO HAPPEN

irishbrian: I know you said Med that CBI told the GOI where to go, but what is Saleh saying they NEED to gov't to make it work?

Med: BRIAN IT IS AS I SAID EARLIER MY IRISH MUG HE THROUGH OUT AN OLVIVE BRANCH

irishbrian: That's threw see not such a mug LOL

Med: I WAS USING YOOPER LOL

irishbrian: OK I was hoping it was just kissy kissy talk

TBar52: the move you r talking about is the pip reduction?

Med: YES

Med: BUT THERE WERE REASONS FOR IT AND IT IS NOT MY OPINION I AM BASING IT ON FACT AND THAT IT WAS THE PLAN DESCRIBED BY CBI SO THAT NOT TO HAVE A STICKER SHOCK

Med: FOR VENDORS OR THE CONSUMER LOL

Med: I WILL BE BACK IN ABOUT 10 MIN
888888888888888888888888 Continued Chat -----
Med (01:30:21): HI BIG

Big: Hey. You sound in a really good mood! Yes!!!!

Med: I FEEL BETTER ABOUT THE DINAR IT WAS REALLY BOTHERING ME OK I WANTED MORE INFO AND IT WAS COMING SLOW I WAS LOOKING FOR SOMETHING OUT OF CBI AND MORE FROM THE PARLIAMENT AND IT CAME YOU KNOW HOW CAUTIOUS I AM IT HAS TO BE WORDED JUST RIGHT

Med: AND IT CANT BE SOMETHING I HAVE TO READ BETWEEN THE LINES ON

Med says to (01:32:36): I WANTED IT SPECIFIC OTHERWISE I WASNT GOING TO SAY WE WERE OUT OF THE DEEP WATER OR DEEP *******

I WAS A BIT SURPRISED THOUGH BECAUSE OF THE HUGE IMPACT THIS WOULD HAVE EITHER TO STOP IT OR TO GO THAT SHABIBI WAS NOT THE ONE WHO SPOKE UP BUT HE IS NOT HERE OR THERE I MEAN HE IS IN THE U.S. ISNT HE NO

Med: AT A CONFERENCE

pballone: I think they are meeting with IMF

cheeks: IMF

Med: RIGHT THEN IN THE U.S.

cheeks: yes

Big: Today was a pretty good news day wrt CBI. Now we just need to wait them out.

Med: yes

Med: AND BASED ON THE LEAK BY THE COUNCIL OF MINISTERS THEY ARE RELEASING IN SEPTEMBER

(a lil' bit later)

Med (01:56:20)): ONE THING THOUGH THAT IS HAUNTING ME IF THEY ARE MOVING IN SEPTEMBER WHY HAVE THE NOT MADE THE MOVE YET TO START OK GANG I AM CALLING IT A NIGHT

pballone: wasn't the post guardian had referance to them starting the process?

Med: HMMM

bump