Author Topic: Michigander 4/21/2016  (Read 521 times)

Online arizona49

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Michigander 4/21/2016
« on: April 21, 2016, 02:47:09 PM »
Michigander  4/21/2016

arizona49:  Michigander Hey there, how are you?
Michigander:  hello
Michigander:  There were several articles last year that talked about the issuance of 3 new lower denominations (50, 100, 200) early 2017 (which then .they have said that the float would have to start prior to raising the dinar enough to cause the issuance of the new notes). This time around with the IMF talking about the "Iraq will return to the market mid-2016" which we know would drive the value of the dinar up, and the articles about issuing 3 lower denominations early 2017, and todays notice that they want liberate Mosul by end of year, it seems everything is lining up to begin the float very soon (sometime from now to the end of the year) with a rate of .05 or so early 2017 which would demand the release of the first 3 smaller bills (50, 100, 200).
Michigander:  its been really nice to see the IMF telling what the process will be and how it will go
Central Bank: the issuance of three categories of cash in 2017
Michigander:  The central bank's "Tomorrow Press:" the project to delete the zeros will be applied beginning of the year 2017 >> Article Dated  6/25/2015 >>  The governor of the Iraqi Central Bank, on Thursday, said the project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop 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 in place towards the implementation of this project is expected to commence 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 currency. " He noted that" the introduction of new currency does not mean the destruction of ancient coins , 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, (2013 August 15), 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 back to the markets and forge. the Central Bank of Iraq confirmed, in the (April 25, 2013), that there is no intention at the moment 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), all wait in the application process of deletion of zeros from the national currency, which had to be procedures stop all related to the transaction mentioned until further notice. It is noteworthy that some economists believe that Iraq is not formatted for the time being to delete the zeros from the dinar, pointing out that the deletion needs to be a security and political stability as well economic stability.
Michigander:  ..if the replacement starts 2017, the value must rise beforehand. Therefore, we look for the dinar to start to appreciate in 2016.
Michigander:  I'm actually very excited , though 2017 is some 8months away, the dinar must float well prior to the release of a 50, 100, 200 dinar notes. I am very hopeful we will see the dinar begin to rise during 2016.
yes the liberation of mosul plays a very big part