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The central bank's "Tomorrow Press:" the project to delete the zeros will be applied beginning of the year 2017

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tlm724

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The central bank's "Tomorrow Press:" the project to delete the zeros will be applied beginning of the year 2017

2015/06/25 16:05



Tomorrow Press / BAGHDAD: The governor of the Iraqi Central Bank, on Thursday, that the project to delete the zeros will be implemented in early 2017, indicating that the Bank embarked on the development of the first steps of the project. Keywords and said for "tomorrow Press", "The goal of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency ", he returned him as" that strategic project will serve the country's economy. " He added that "the Bank is working on the mechanisms used to implement this project is expected to start by the beginning of 2017," noting that "the central bank began the first steps for the project through the selection of designs, companies and the country that will be done printed currencies ". He pointed out that "the introduction of new currency does not mean the destruction of the old currencies, but it will continue to trade to about ten years," pointing out that "this period will enable the central bank to withdraw the old currency in accordance with the mechanisms will maintain market liquidity. " The Finance Committee in the House of Representatives earlier revealed, (August 15, 2013), the postponement of the process of removing zeros from the currency until after the next parliamentary elections, while confirming that the government is demanding guarantees for non-substituent currency return to markets and forgery. The Central Bank of Iraq confirmed, in the (April 25, 2013), that there is no intention at this time to restructure the currency and delete the three zeroes of them, denying the reports in this regard. It is noteworthy that the General Secretariat of the Council of Ministers announced (April 12, 2012), for the wait in the application of the process of deletion of zeros from the national currency and that require action to stop all associated with the operation mentioned until further notice. It is noteworthy that some economists believe that Iraq is not formatted for the time being for the deletion of zeros from the dinar, pointing out that the deletion needs to be a security and political stability as well economic stability.



http://alghadpress.com/ar/news/32797/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%84%D9%80%D8%A7%D9%84%D8%BA%D8%AF-%D8%A8%D8%B1%D8%B3-%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D8%AD%D8%B0%D9%81-



Last edited by tlm724 on Fri Jul 03, 2015 10:53 am; edited 1 time in total


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tlm724

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[tlm724] "it is likely the launch of the new category from the beginning of the currency in 2017 because there are a number of opponents of the project", pointing out that "Asaddaramlat category of cash 50, 100 and 200 to ease trading currency burdens after deletion of zeros,

[tlm724] you all do realize they gotta have value before hand to do all that right ?

[tlm724] grow baby grow

[tlm724] float me down the river, hail I don't care how they do it !

[tlm724] show me a penny baby then i'll hang on for the ride


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Lifes purpose is not to arrive at the grave in a well preserved body, but rather to slide in sideways shouting HOLY CHIT what a ride

Rocky


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hoping that this is just smoke for the deletion in 2016 Shocked

Reflection


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Rocky wrote:hoping that this is just smoke for the deletion in 2016 Shocked

There's no such thing as smoke. They don't care about us or what we have.

I'm with Timmy, show me a decent size pip and steady rise or even near a penny, that'll tell me it's going... I wouldn't care if takes till 2017 or whenever.

If they truly commit to full tariffs, they'll have to move some I'd think. That's just me though.

Herb62

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Slow steady rise would build confidence and drive up demand .

lightingcslt

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the biggest news there folks is, no lop and notes good for 10 years great article.

Reflection


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Here's my prediction....

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