Economic parliamentary: the new year will witness the birth of the new Iraqi currency

It's been so easy I think for us to become desensitized to all of the confusion, frustration and misinformation..........but when you continue to see articles like this, it should be very exciting. If I can quote Bondlady correctly, she has said something like: treat one article as rumor, two articles (saying the same thing) as a possibility, and three or more articles (again, saying the same thing) as probable truth. Remember when we first heard news of Shabibi getting replaced? We treated that process the same, but after seeing the same news from multiple sources, we knew it to be true.

That all said, guys.....if we can trust what this article is saying, we should be jumping for joy! The new budget, the new year will not have the zeros. What does that mean? The new currency being released.....which by itself would be a very costly activity for absolutely no purpose, unless......unless.....there is a new rate. Now, in my very humble opinion, if we see the new currency released into circulation as being the first action, we would have to see what this article is saying for a rate....equal one dinar to the dollar. Again, if it would free float and slowly crawl, the new dinar in circulation would not be useful because an iraqi would need three times as much in quantity of dinar to complete any transaction. A part of me has always held onto a revalue compared to the free float idea and I believe Maliki is pushing forward for this.....to remove his country from needing the dollar, to stand independent and sovereign with their pride in a new currency.

Hold on baby, we're comin' home!

And revealed the Finance Committee in the House of Representatives, last July, the postponement of the deletion of zeros from the Iraqi currency, which the central bank intends to initiate them into the year 2014.

Shredd this last part where it say 2014 is what shows me we could be waiting another year. As you say we go by what we see the same in articles than 2014 has popped up more & more in articles. I hope I am wrong but if they where to float it from 1166 up & it could take a year on a float to see 1-1 than that might be what they are saying is no remove to 2014 when they hit 1-1. just another way of looking at the same article.

Fast Eddie wrote:

And revealed the Finance Committee in the House of Representatives, last July, the postponement of the deletion of zeros from the Iraqi currency, which the central bank intends to initiate them into the year 2014.

Shredd this last part where it say 2014 is what shows me we could be waiting another year. As you say we go by what we see the same in articles than 2014 has popped up more & more in articles. I hope I am wrong but if they where to float it from 1166 up & it could take a year on a float to see 1-1 than that might be what they are saying is no remove to 2014 when they hit 1-1. just another way of looking at the same article.

"...the central bank intends to initiate them into the year 2014." I hear you but the phrase "initiate them into" seems to imply a process, not a singular event.

Ive always looked at the arts , If somebody keeps telling you over and over 165 times they will give you $100 dollars and you never see it , you dont pay them any attention anymore.....they have done this for years , call it lazy they never get anything done , or call it masterful disinformation .they want people to know but then they dont...... Its all about reading between the lines IMO

[i] Shredd

I like your comments to this article. I feel the same way. I have disagreed with Kaperoni on free float and still feel this is going to be a fixed managed rate. My thinking is this will come out a little over a dollar enough that Iraq will stop using the dollar and build up strengh of Dinar. This appears to be a great article if we are reading it correctly.

the thing was it had been floating all these years...a dirty float...cbi never did change that even when the rate was programmed the dinar behind the curtain imo kept on moving slowly... but it still gained strength....cbi never changed its path it was on gurus an speculators did that........its time to stop that and grow on up imo...BL

Bondlady wrote:the thing was it had been floating all these years...a dirty float...cbi never did change that even when the rate was programmed the dinar behind the curtain imo kept on moving slowly... but it still gained strength....cbi never changed its path it was on gurus an speculators did that........its time to stop that and grow on up imo...BL

Bondlady for president. awe yeah........

I agree with shred and BL,

I do think were finally close and its gonna rv around a dollar!

I will happy sit and wait and live each day to it's fullest until then..

go RV!

I was talking with a buddy of mine about this article last night and we were picking it apart.....one part of this article seems to say one thing then another part seems to contradict it. I commented on this above but this article is stating what we already know, the plan for removing the zeros is on the table, the plan for introducing new currency is on the table and we know that the cbi and the goi have been discussing this.

So, from what I'm reading, there are two events in this article. I commented above on one of them....removing the zeros. This article also says that the new year won't witness the birth of the new currency. So, again imo, a process is implied here. If they don't jump to a buck right away, fine....manage it like they have (like Bondlady said) and eventually get there. But again, like I said yesterday, we all know we won't see de-dollarization until the dinar is competitive with the cherished dollar.

I've read where other forums discard this as a bad news article, but again, like I said (lol), we need to be excited that we've been seeing confirmation that the plan to remove the zeros is still on track. The timing of when they "birth" or introduce the new currency can fluctuate.....again, imo, when the dinar can compete with the dollar.

My takeaway is I'm excited to see the plan is still on track, and it looks like a process is implied. I believe that we are on the doorway of some very telling activity!

Fast Eddie wrote:

And revealed the Finance Committee in the House of Representatives, last July, the postponement of the deletion of zeros from the Iraqi currency, which the central bank intends to initiate them into the year 2014.

Shredd this last part where it say 2014 is what shows me we could be waiting another year. As you say we go by what we see the same in articles than 2014 has popped up more & more in articles. I hope I am wrong but if they where to float it from 1166 up & it could take a year on a float to see 1-1 than that might be what they are saying is no remove to 2014 when they hit 1-1. just another way of looking at the same article.

..................................i believe this part through 2014 is the duration of exchanging the larger notes , {zeros} ,,, good lord i am hopeful this is reading 1 to 1 ratio and the zero`s are in the books, not , zero`s off the currency 1st and then the rate hits after , 25,ooo =s 25.u.s.dollars ... this is one of those freeky deals that come along only once in a while ... hoping this is a super good deal 25,ooo =`s 25,ooo u.s. ??? shoot 25,ooo =`s 10,ooo u.s. i`ll poop myself ---- sorry getting excided