Author Topic: Michigander0131 - 28 Oct 2014 - 5:20 p.m. EDT  (Read 240 times)

Offline kktwahoo

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Michigander0131 - 28 Oct 2014 - 5:20 p.m. EDT
« on: October 28, 2014, 05:37:39 PM »
Parliamentary committee calls for the central bank to implement deletion of zeros early next year BAGHDAD / JD / .. the parliamentary finance committee demanded, the Iraqi Central Bank to apply the project to delete the three zeroes from the currency early next year, because of its great importance to support the national currency. A member of the Committee MP Jamal told Joker / JD /: he was "on the central bank to start the implementation of the initial phases of the project to delete the three zeroes from the currency, instead of resorting to the issuance of new editions of the coin with a large class K 50 000 dinars, or other." He noted: "The present time appropriate for the application of the project, especially since Iraq has returned to the regional and international environment after the new government's policy to strengthen relations with all countries, where it will begin the Central Bank to implement the project in the form of stages," calling on the central bank to "start implementing the initial stages beginning the year 2015"

ISX reopens today 26 October 2014 08:42 AM The Iraq Stock Exchange (ISX) will begin operation and resume operation and all its trading sessions today, October 26, 2014 following a week off. It is worth noting that ISX will run new system, X-stream, starting from today.

so they are running and trading // no change in value

Yasiri (time): Delete the zeros from the currency raises the value of the dinar - October 26, 2014 Legal calls to pass the budget in the form of ancestor Yasiri (time): Delete the zeros from the currency raises the value of the dinar BAGHDAD - Ali al-Moussawi Committee for Economy and Investment parliamentary announced that the deletion of zeros from the Iraqi currency will be working by next year,(lifting of the zeroes from the currency economic necessity to raise the value of the dinar against other currencies). (there are some laws will be discussed in the House of Representatives soon which banks and the central bank law and the law of money laundering and these laws will promote the national economy).

I think I have seen more articles than not that say that the "deletion of zeros from the Iraqi currency will be working by next year.." Which makes sense since the banking system is the key to the transition to a market economy...Go Article VIII!

 Maybe to many of you refuse to accept the words direct from the IMF themselves? IMF statement on what Iraq will do “14. The de facto fixed exchange rate has served Iraq well. The authorities agreed that a stable nominal exchange rate provides a valuable anchor for inflation expectations in an uncertain environment, and intend to continue implementing this policy for the foreseeable future. In the medium term, staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy {that means float}. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate {nominal exchange rate is the rate from one currency to another currency}, triggered by strong oil revenues {continue to pump that oil!} and the Balassa-Samuelson effect {investment in a market economy - countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.”}, to accommodate a possible real exchange rate appreciation while keeping domestic inflation low.” I don't think it gets any clearer or more factual! Its direct from the IMF who is in charge of the world monetary policies.

so we should just enjoy the next few months and watch this all unfold in 2015

Tuesday, October / Okrudolf 28, 2014 [Baghdad - where] MP for the Kurdistan Alliance, the beauty of the Panthers through the House of Representatives will discuss its package on Tuesday laws, including the law of oil and the budget, noting that the House of Representatives during the session will address the deteriorating security situation in the country. The Panthers told all of Iraq [where] that the council will discuss the "oil laws and the Federal Court and the Federal Council and Article 140,". "The vote on the federal budget takes weeks," noting that "it is for the settlement of disputes between Baghdad and the Kurdistan region," adding that "Parliament will review today's developments of the deteriorating security situation in the country, as well as discuss the Peshmerga file as part of the Federal Ministry of Defense system." . ended

 looks like they are really trying to get the laws done that are still needed//
« Last Edit: October 28, 2014, 05:44:15 PM by kktwahoo »

Offline LEO

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Re: Michigander0131 - 28 Oct 2014 - 5:20 p.m. EDT
« Reply #1 on: October 28, 2014, 06:21:44 PM »
The central bank reduced the harm to the economy Counterfeit money undermine confidence currency Monday, October 27th 2014 Appear between now and then Counterfeit money from several categories; them with elaborate industry are difficult to distinguish from the original, which indicates the potential of owning promoters to be reckoned with, aiming to gain illegitimate and damaging the national economy. Baghdad world

The end of this year is significant. The CBI has stated all the existing denominations will have replacements in circulation (by end of year). IMO, this is key before the CBI begins its exit to a new Exchange Regime and Article VIII. They want firm ground to stand on with the banking system.