Post From KYFA By MY LADIES » October 23rd, 2014, 2:58 pm
AFTERNOON EVERYONE HOW ARE WE DOING TODAY?
WE STAYED QUIET FOR THE LAST 2 DAY TO WATCH HOW MUCH MOMENTUM THIS DELETE IN THE FUTURE YEARS WOULD BUILD UP.
HONESTLY IT’S NOT AS BAD AS WE THOUGHT IT WOULD GET.
I GUESS THE REPORTERS AND POLITICIANS TOOK JUBOURI AT HIS WORD WHEN HE PUT HIS FOOT DOWN ON SUNDAY
AND WARNED POLITICIANS TO NOT BE TALKING AND SAYING THINGS TO THE PRESS THAT WAS NOT FACTUAL OR WAS IN ANY WAY MISLEADING FOR THEIR OWN POLITICAL GAIN.
THINGS HAVE BEEN MUCH QUIETER SINCE THAT WARNING.
ALRIGHT SO HERE IS OUR OPINION ON ALL OF THESE 000’S AND TO DELETE OR NOT DELETE.
WOULD ANYONE REALLY BELIEVE THEY ARE TALKING ABOUT THE VALUE OF THE DINAR?
WOULD ANYONE BELIEVE THE CENTRAL BANK WOULD MAKE AN ANNOUNCEMENT THAT THEY ARE GOING TO CHANGE THEIR CURRENCY AND VALUE OF THE DINAR IN 2016, OR 17, OR WHENEVER?
IF THEY DID THAT THEN INVESTING IN THE DINAR WOULD NO LONGER BE SPECULATIVE WOULD IT?
IT WOULD ALLOW BROKERAGE HOUSES TO BUY AND HOLD FOR WHAT 1 YEAR 2 YEARS,
I MEAN IF THE CENTRAL BANK SAYS WE ARE CHANGING VALUE AND DROPPING ZERO’S OR HOWEVER YOU PHRASE IT THAT IS AN ADMISSION OF CHANGE OF VALUE FOR THE DINAR RIGHT?
WELL NO NO NO NO! WRONG!
THAT IS NOT WHAT THEY ARE SAYING IN THESE ARTICLES AT ALL.
THEY ARE TALKING ABOUT THE RESTRUCTURING OF THEIR CURRENCY NOT THE RE VALUING OF IT.
WE HAVE POINTED OUT BELOW THE WORDING THAT CONTINUES TO SAY THE CURRENCY IS BEING RESTRUCTURED, AND WHY WOULD THEY SAY THAT.
WE FEEL THEY ARE TELLING US ABOUT ALL THE SAFE GUARDS THEY HAVE PUT IN PLACE RECENTLY
WHICH GOES HAND IN HAND WITH THE NEW ANTI MONEY LAUNDERING LAWS THEY ARE WORKING ON AND THE SAFE GUARDS THEY PUTTING IN TO COMBAT COUNTERFEITING.
THESE ACTS ARE A BIT MORE DIFFICULT TO PULL OFF WITH THESE NEW IMPROVED 000 NOTES.’
NOW SINCE IRAQ IS ON A PRIMARY PAPER SYSTEM, THEY DON’T USE PLASTIC THE LIFE EXPECTANCY OF THE NOTES IS CONSIDERABLY SHORTER THAN MOST OTHERS
SO ABOUT 5 YEARS IS WHAT THEY PREDICT THE NOTES TO LIVE.
NOW LET’S BRAINSTORM TOGETHER FOR A MIN HERE OK?
HOW LONG DO WE THINK IT SHOULD TAKE TO REDO THE ENTIRE CURRENCY SYSTEM OF A COUNTRY?
DOES A SPAN OF 5 YEARS SEEM UNREASONABLE?
THEY WANT TO MOVE TO A MARKET ECONOMY RIGHT?
THEY WILL BE TURNING OVER GOVERNMENT PROJECTS AND INDUSTRIES TO THE PRIVATE SECTOR RIGHT?
THE MARKET WILL DETERMINE THE ECONOMY AND THE GROWTH RIGHT?
SO DURING THAT GROWTH PERIOD WOULD PRESENT AN OPPORTUNITY FOR SMALLER NOTES MAYBE RIGHT?
HOW ABOUT JUST LIKE THEY HAD BEFORE 2003 MAYBE?
WITH THE FILS AND SMALLER NOTES, (LOOK HERE FOR REFERENCE :
TO MOVE TO LOWER DENOMINATIONS WILL BE A MASSIVE UNDERTAKING, AND PROBABLY REQUIRE A FEW YEARS TO COMPLETE.
BUT WHAT DOES ANY OF THIS HAVE TO DO WITH US AND THE REVALUING OF THE CURRENT EXCHANGE RATE? IN OUR OPINION NOTHING.
I LISTEN AND I GET PM’S ALL DAY AND TEXT MESSAGES AND IT SEEMS LIKE FOLKS WANT TO CONTINUE COMPARING WHAT IS HAPPENING INSIDE IRAQ TO THE USD.
WHEN YOU KEEP FORGETTING WE ARE TALKING ABOUT THE EXCHANGE RATE OF FOREIGN CURRENCY. WE ARE NOT INSIDE IRAQ!
WHEN WE GO TO EXCHANGE WHAT THEY DO WITH THEIR CURRENCY COLOR OR PAPER OR NUMBERS DOES NOT AFFECT US.
THE FOREIGN EXCHANGE RATE OF THE DINAR TO THE DOLLAR IS WHAT AFFECTS US.
AND RIGHT NOW WE ARE STILL ON THE TIME FRAME OF THE NEXT FEW DAYS.
WE FEEL IN OUR OPINION THAT IF WE DO NOT SEE ISX COME BACK UP ON SUNDAY WE WILL SEE IT COME BACK UP INTERNATIONALLY SOON AFTER THAT.
WE ALSO FEEL WE HAVE BEEN LOOKING FOR THE DATE IN THE WRONG PLACE.
IN OUR OPINION THE IRAQI DINAR HAS MUCH TO DO WITH KUWAIT.
SEE PART 2 OF OUR STUDY FOR THE POSSIBLE TIMING AND CONNECTION.
BE BACK WITH IT SOON..LOVE..MY LADIES
IN THIS ARTICLE ALONE THE REFERENCE TO REPLACE THE CURRENCY IS SAID 7 TIMES. BUT THE VALUE OF THE CURRENCY NOT EVEN ONCE.
Economic parliamentary: the Iraqi currency will be replaced by early 2016
October 23, 2014 12:
Showed the parliamentary Economic Committee on Thursday that "the replacement of the existing currency will be early in 2016".
She said a member of the Committee and the fulfillment Kazem fight and according to the agency all of Iraq [where] that "the Committee discussed with the Governor of the Central Bank of the process of replacing the currency and delete the zeros,
and between that the issue of deletion of zeros deferred because of what is going through the country of the conditions of being an uninitialized Currently,
stressing that the replacement of the currency and initiating this will be the beginning of 2016.
"She slugfest that "the reserve bank of the currency nearly 74 billion dollars, twice the mass of cash in circulation in the country and this is not in the best states the world
and is a good indicator to reassure the Iraqi people. "
said economic expert Jamil Antoine earlier that the deletion of zeros from the currency is a restructuring of the currency, and to alleviate the accounts of digital large burden on treasurers,
and alleviate the burden on accountants in counting the transfer of numbers ", pointing out that "the present time is not appropriate for the replacement of the currency, and that the lack of security and economic stability in the country
ALRIGHT WHAT ARE WE READING HERE? THEY JUST RELEASED THE NEW 10K NOTE,
Economic rejects parliamentary process of deletion of zeros from the Iraqi currency
October 22, 2014 12:04 Last Updated: October 22, 2014 12:04
Rejected the parliamentary Economic Committee, the process of deletion of zeros from Committee member MP fulfillment Kazem According told all of Iraq [where],
that "the situation of the country is poised to hold the deletion of zeros," pointing out that "the central bank governor Ali Alak told us that the direct process deletion will be in 2016.
"and explained that "the central bank issued a few days ago, a class of ten thousand dinars currency is the currency of synthesis of good and difficult to counterfeit."
The Council of Ministers decided in the previous April 10, 2013 wait in the application process of deletion of zeros from the national currency until further notice after he decided to apply earlier.
noted that officials at the central bank, in addition to some politicians and economists, urged the government to delete the zeros from the currency, and the issuance of a new currency denominations large cash, in addition to the presence of small coins.
WHAT ARE WE READING HERE, CBI RELEASING 25K AND 5K OK SO THAT COVERS ALL THE 000 NOTES REDONE AND BEING RELEASED BECAUSE ABOUT 2 WEEKS BACK WE SAW THE 250 AND THE 1000 NOTE.
Central Bank reveals his intention to ask the issuance of currencies category 25 005 thousand dinars new
By Adminsa 10/21/2014 3:57 a.m.
Detection of the Iraqi Central Bank, on Tuesday, its intention to launch the new release of the two currencies category 25 005 thousand according to the specifications of modern and sophisticated.
The central bank said in a statement received by the Agency for News News (et) a copy of it that "in order to develop the current series of banknotes Iraqi and increase efficiency,
it has been printed categories of the 25 الف 5 thousand using the finest paper and placed where several characteristics of technical and security."
He added that "the central bank will present the two categories to the trading during the next few days on the market without any intention to withdraw the above categories and will continue to trade and naturally,"
explaining that "groups carrying specifications and marks a new security high protection, in addition to the security tags in categories".
THIS CAME STRAIGHT FROM THE GOVERNOR OF THE CBI.
HE RELEASED THIS STATEMENT 1 DAY AFTER SAYING HE WAS RELEASING THE NEW 25K AND 5 K NOTE.
SO WHAT IS HE SAYING? IN OUR OPINION HE IS SAYING THE SAME THING AS EVERYONE ELSE, THERE IS A PLAN TO RESTRUCTURE THE CURRENCY JUST NOT NOW.
Central Bank Governor: the project to delete the zeros inside the bank's plan
By Adminsa eleven twenty-six a.m. 10.22.2014
Central bank governor said on the Keywords that "the issue of cancellation of the zeros from the Iraqi currency is linked to the security situation in the country.
Alak said in a press statement seen by the Agency for News News (et) on Wednesday that "the issue of cancellation of the zeros from the Iraqi currency within the plan's central bank
and in the coming years will be the implementation of this project, and whenever there is stability in the security situation will accelerate the implementation of this project and canceled yellowing for currency ".
The Iraqi government project about deleting three zeros from the Iraqi currency to reduce inflation, winning only currency that has been postponed.
AND HERE WE HAVE IT ONE MORE TIME FOR THE SEATS IN THE BACK…
ECONOMIST AND PARLIAMENTARY COMMITTEE ADVISE TO DELETE ZEROS INSTEAD OF PUT OUT BIG BILLS AND CBI SAYS NOPE WE HAVE A PLAN.
Economic parliamentary: the deletion of zeros will begin work next year, specialists advise applying the deletion of zeros instead of issuing currency large classes
22/10/2014: | Number of readings: 88
Commission announced the economy and investment parliamentary, that, the deletion of zeros from the currency will be in the next year, confirming that it was hosted by the Governor of the Central Bank on the Keywords to discuss the file to delete the zeros and the fight against money laundering crimes.
The committee member said Jawad al-Bolani, during a press conference at the parliament building with members of the Economic Committee that "the things that are discussed within the Committee,
are stocks traded for the mass of cash was responsible central bank, as well as laws that help to develop the work of the Central Bank, which will be legislation includes Law Central Bank, banks and money laundering law. "
For his part, says economic expert Dargham Muhammad Ali in a press statement: that the application of the restructuring of the currency after deleting three zeros which is a necessity in light of inflation digital transfer of Iraq's budget Alumblyaria to Altrliunah,
and these figures are not commensurate with the value of the Iraqi budget and size, there is no no justification for issuing coins with large groups of perhaps will cause problems.
Muhammad Ali: The project to delete the three zeroes involves finding values less than currently in circulation that does not solve the crisis of the Iraqi currency flabby digitally,
which poses a scenario deletion of zeros balanced scenario in light of the stability of the currency.
He continued that in the event of a fear can increase the transition period for trading currencies new and old together,
either to find alternatives to this project, such as the issuance of currencies with large groups or small metal they are partial solutions and prosthesis and circumvention of the small by the big problem.
For his part, said economic expert Majid picture in an interview: The Central Bank of Iraq in agreement with the Ministry of Finance presented the studies necessary for the process of deletion of zeros since 2008 and has taken all actions relating to the restructuring of the Iraqi currency,
including the design of the currency and denomination and the quality of paper used her, who confirmed that from the finest stainless paper cash or difficulty rigged.
He added that the executive branch has decided to postpone the process of restructuring of the Iraqi currency has led to the cessation of all actions related to this project,
explaining that the aim of the process of restructuring is to reduce the cost of handling and facilitate transactions handled especially medium and large as well as to facilitate the draw pricing policy in the country.
He stressed the need to accompany the process a package of measures distributed responsibility on all departments and state institutions and banks in order to develop solutions to the problems and obstacles that can arise during the process of restructuring,
including cash, and accounting, and security as well as take the necessary measures to destroy the currency received
Almgheih.oahar that experience in Iraq to replace the currency in 2003 was very rich,
but did not exceed only change the shape of the currency and replace it, so it did not need to accounting requirements or legal,
calling for the need to educate departments, banks and citizens feasibility of restructuring the currency, as well as the use of modern technologies to detect fraud,
also called non- the intervention of politicians and subjecting such decisions to Mazidat and political skirmishes, because that is not in the interest of monetary policy and the Iraqi economy.
It said the financial expert Thamer Alheimus: The most prominent benefits of the deletion of zeros is to create flexibility and ease of trading, and gave the example that in the case of activation of the decision will be minted coins to the values of small Kkhmsin fils or less,
and under that will highlight the prices between the fourth dinars and 1 / 2 dinars or less,
and thus would be unlikely in a large increase in the value of the Iraqi dinar against the dollar in the case of Sir prudent monetary policy according to which it will contribute to improving the access of families and low-income social strata.