Latest topics
Financial Alnibaah: next year will see the circulation of two currencies at the same time
+2
Terbo56
Ponee
6 posters
Page 1 of 1
Financial Alnibaah: next year will see the circulation of two currencies at the same time
Said a member of the Finance Committee Hassan Salman, "Iraq will see the two currencies traded at the same time over the next year 2013 of the new currency in circulation after deletion of zeros with the survival of the current currency trading throughout the year mentioned." Salman said that "the central bank operates in more than six months from now on the position of the deletion of zeros from the currency and the current that will be applied starting from next year." He added that "the Finance Committee informed and in constant contact with the central bank governor and his aides who constantly learn about the Finance Committee on the details of this issue and the process of replacing the current currency the new currency will continue over the next year." He said Salman, "will end the current currency, the beginning of 2014 and this process will lead to the strengthening of the Iraqi currency fluctuations, especially after the Iraqi dinar exchange rate against the U.S. dollar in recent times." He noted that "currency adjustment will benefit the Iraqi economy and will facilitate the handling of cash in the country by reducing the money supply in circulation now, which Tkdrbhawwala 30 trillion dinars." Ended 2 Updating :: 20/06/2012 13:13 http://translate.google.com/translate?hl=en&prev=hp&rurl=translate.google.com&sl=ar&tl=en&u=http://alforattv.net/index.php%3Fshow%3Dnews%26action%3Dcat%26id%3D23 |
-- |
Ponee- Admin
- Posts : 38267
Join date : 2011-08-09
Re: Financial Alnibaah: next year will see the circulation of two currencies at the same time
Let's all hope he keeps his word? At least the bills that we all hold now WILL be worth what they are face value-:cheers:
Terbo56- VIP Member
- Posts : 13675
Join date : 2011-06-18
Age : 67
Location : Central Florida-
Re: Financial Alnibaah: next year will see the circulation of two currencies at the same time
terbo56 wrote:Let's all hope he keeps his word? At least the bills that we all hold now WILL be worth what they are face value-:cheers:
Yes, lets hope!
Guest- Guest
Re: Financial Alnibaah: next year will see the circulation of two currencies at the same time
terbo56 wrote:Let's all hope he keeps his word? At least the bills that we all hold now WILL be worth what they are face value-:cheers:
If they delete 3 zeros off the new currency and allow the old currency to coexist the way i see it a 25000 old note will have the same purchasing
power as a new 25 note which is not good. Correct me if im wrong.
ou812- Elite Member
- Posts : 464
Join date : 2011-12-16
Location : New York
Re: Financial Alnibaah: next year will see the circulation of two currencies at the same time
A 25,000 note will still be worth 25,000-They WILL NOT take away the value of what they are worth- No other country will ever do business or have anything to do with Iraq if they pull that on us-Shabibi has stated that the nominal value of our dinar WILL stay the same-Deleting the zeros means taking the zeroed notes off the street in Iraq, not taking the value away from the ones that we hold-:cheers:
Terbo56- VIP Member
- Posts : 13675
Join date : 2011-06-18
Age : 67
Location : Central Florida-
Re: Financial Alnibaah: next year will see the circulation of two currencies at the same time
terbo56 wrote:A 25,000 note will still be worth 25,000-They WILL NOT take away the value of what they are worth- No other country will ever do business or have anything to do with Iraq if they pull that on us-Shabibi has stated that the nominal value of our dinar WILL stay the same-Deleting the zeros means taking the zeroed notes off the street in Iraq, not taking the value away from the ones that we hold-:cheers:
Im assuming this is your opinion.
ou812- Elite Member
- Posts : 464
Join date : 2011-12-16
Location : New York
Re: Financial Alnibaah: next year will see the circulation of two currencies at the same time
Not an opinion- Shabibi has stated this MANY times-
Terbo56- VIP Member
- Posts : 13675
Join date : 2011-06-18
Age : 67
Location : Central Florida-
Re: Financial Alnibaah: next year will see the circulation of two currencies at the same time
I really hope you're right Terbo56! And does this mean that the illusive "RV" may not happen till then? Just asking cuz its almost the 30th of June. The time set for the UN to review Iraq's progress and hopefull exit of Chapter 7.
hithere- Elite Member
- Posts : 282
Join date : 2012-01-11
Re: Financial Alnibaah: next year will see the circulation of two currencies at the same time
All we can do is wait at this point- I'm just as hopeful as anyone else, and really would like to see this before the end of the year, and I'm not the only one that feels that way!! :cheers:
Terbo56- VIP Member
- Posts : 13675
Join date : 2011-06-18
Age : 67
Location : Central Florida-
Re: Financial Alnibaah: next year will see the circulation of two currencies at the same time
hithere wrote:I really hope you're right Terbo56! And does this mean that the illusive "RV" may not happen till then? Just asking cuz its almost the 30th of June. The time set for the UN to review Iraq's progress and hopefull exit of Chapter 7.
The actual date of the review from full release of CHAP VII is July 28th. (per UNSC calendar)
Per the SIGIR report Dated April 30th, page 84, the deletion of the zeros was put on indefinate hold at that time (which the new info is they are picking it back up again) and would make the Iraqi Dinar worth slightly less than the USD. (www.sigir.mil)
Sorry that to other sites are still pushing an earlier timeline - but since it is a UN decision to remove Chap VII, I believe we WILL have to wait a littler longer than yesterday, today or tomorrow. Just NOT going to happen "right now" - but it is coming and we will not lose value.
IQD4US- Elite Member
- Posts : 1005
Join date : 2011-12-16
Re: Financial Alnibaah: next year will see the circulation of two currencies at the same time
UNSC Resolution 1483 Page 4:
http://www.uncc.ch/resolutio/res1483.pdf
10. Decides that, with the exception of prohibitions related to the sale or supply to Iraq of arms and related materiel other than those arms and related materiel required by the Authority to serve the purposes of this and other related resolutions, all prohibitions related to trade with Iraq and the provision of financial or economic resources to Iraq established by resolution 661 (1990) and subsequent relevant resolutions, including resolution 778 (1992) of 2 October 1992, shall no longer apply;
http://www.uncc.ch/resolutio/res1483.pdf
*****************
Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
- Posts : 27254
Join date : 2011-08-09
Age : 24
Location : Umm right here!
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Sun May 05, 2024 11:37 am by kenlej
» Go Russia
Sun May 05, 2024 10:51 am by kenlej
» Textbook Tony
Mon Apr 29, 2024 4:13 pm by Mission1st
» The Rockefellers and the controllers are freaking out right about now
Fri Apr 26, 2024 11:16 am by kenlej
» Phony Tony sez: Full Steam Ahead!
Sat Apr 13, 2024 11:51 am by Mission1st
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Sat Apr 13, 2024 11:45 am by Mission1st
» Russia aren't taking any prisoners
Fri Apr 05, 2024 6:48 pm by kenlej
» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
Wed Mar 27, 2024 6:02 am by Ditartyn
» ZIGPLACE
Wed Mar 20, 2024 6:29 am by Zig
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej
» The second American Revolution has begun, God Bless Texas
Mon Jan 29, 2024 6:13 pm by kenlej