Finance Committee to issue fifty-categories and one hundred thousand dinars a prelude to delete the zeros

Finance Committee to issue fifty-categories and one hundred thousand dinars a prelude to delete the zeros



Sunday, April 12



Announced the parliamentary finance committee member Masood Haider, the formation of a committee to study the coins version of the categories of the fifty and one hundred thousand Iraqi dinars, stressing that these categories booting to remove zeros from the Iraqi currency in the future.

Haider said in a press statement, "that" the central bank governor and the committee studying the issue has not been printed so far this currency, "noting that" the combined committee is studying all aspects of the safe and compared with other currencies began to release. "

"The work on the issuance of these two categories booting to remove zeros from the Iraqi currency in the future," explaining that "there is a procedure to remove three zeroes must be the presence of large groups of currencies in the future, for example, instead of 50 000 is 50 dinars."

Pointing out that "the launching of a currency so does not affect the balance of the Iraqi currency against the dollar and foreign," noting that "that affects the balance of the Iraqi currency is a strong economy in general."

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Folks, this is a great article if you can see the trees in the forest. The last two paragraphs supports what we've been saying that the removal of the zeros refers to the notes and not lopping the value. Instead of having a 50k note in circulation, the 50 dinar coin will take its place.

"the launching of a currency so does not affect the balance of the Iraqi currency against the dollar and foreign,"

This is confirming that the balance of the currency in circulation will not be affected because this will be a gradual process of reacting to a growing purchasing power of the dinar which in turn gradually requires larger notes to be replaced by smaller denominations.

"that affects the balance of the Iraqi currency is a strong economy in general."

This is telling us that no lop will apply in Iraq. Study lops...they occur when the country's economy is in ruin. This is not the case for Iraq. They have a strong economy.

Bottom line: This is not a "if" play but rather a "when" regarding realizing a strong exchange rate of the dinar against the dollar.

Peace of mind for those of you who perhaps needed some!

Shredd wrote:Folks, this is a great article if you can see the trees in the forest. The last two paragraphs supports what we've been saying that the removal of the zeros refers to the notes and not lopping the value. Instead of having a 50k note in circulation, the 50 dinar coin will take its place.

"the launching of a currency so does not affect the balance of the Iraqi currency against the dollar and foreign,"

This is confirming that the balance of the currency in circulation will not be affected because this will be a gradual process of reacting to a growing purchasing power of the dinar which in turn gradually requires larger notes to be replaced by smaller denominations.

"that affects the balance of the Iraqi currency is a strong economy in general."

This is telling us that no lop will apply in Iraq. Study lops...they occur when the country's economy is in ruin. This is not the case for Iraq. They have a strong economy.

Bottom line: This is not a "if" play but rather a "when" regarding realizing a strong exchange rate of the dinar against the dollar.

Peace of mind for those of you who perhaps needed some!

Thanks a LOT, Shredd!!

I'll have Peace of mind when they do it !!!!

therealbubbie wrote:I'll have Peace of mind when they do it !!!!

MMMMEEEEE TOOO, realbubble!!