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 More lop talk from cbi

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andy1979uk
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PostSubject: More lop talk from cbi   Sun Jul 28, 2013 4:48 pm

CBI: dropping zeros, currency exchange will reduce the risk of errors accounting system
Posted: July 28, 2013 in Iraqi Dinar/Politics
Tags: Central bank, Central Bank Iraq, Chapter VII of the United Nations Charter, Currency, Dinar, exchange rate, Iraq, Iraqi dinar
15/07/2012

Central Bank of Iraq confirmed that the process of printing a new currency with the deletion of three zeros will cost the state less money sad re-sustain damage because of the current currency and economic expansion, noting that the new edition will reduce the risk of errors accounting system.

[However] The deputy governor of the Central Bank of Iraq the appearance of Mohammed Saleh told news that “printing the new currency would cost the state large sums of money but the fact that the current currency and because of the high value and liquidity will cost the state more simply by typing denominations themselves of the same coin because of the damage and the expansion of the economy.”

“The cost of the current more because when replacement will be the categories of large Vtakhtsr Cache We have now 4 billion securities traded out of 34 Tleraon amount of cash if exported large groups 50 dinars and 100 dinars and 200 dinars, equivalent to 200 thousand dinars, the 4 billion banknotes and shorten billion of which to one billion and a half billion of these banknotes Falclfah be relatively less at the same time shortened (Cache) Cash too “..

He added that “there is also a shortcut numbers The country is dealing with (10 S-12) a trillion, but when replacement deletion of the country will deal with 10 S-9, and this is a big difference, explaining that the switch will reduce the risk of currency accounting system errors.

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Jayzze
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PostSubject: Re: More lop talk from cbi   Sun Jul 28, 2013 5:00 pm

there has been articles about lop recently and many think it  could  start at 86 cents  and go from there
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PostSubject: Re: More lop talk from cbi   Sun Jul 28, 2013 5:03 pm

And how does that work? Play out?
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PostSubject: Re: More lop talk from cbi   Sun Jul 28, 2013 5:07 pm

For us I mean obviously...
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Waco Kid
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PostSubject: Re: More lop talk from cbi   Sun Jul 28, 2013 6:06 pm

I've been under the impression a LOP isn't good for those who hold dinar, but if it becomes .86 cents per dinar that's a big win in my book.
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PostSubject: Re: More lop talk from cbi   Sun Jul 28, 2013 6:29 pm

think about this if they would come out real  low number one very few would cash out and number two mor important the iraqis would  keep using the usd and that  is the opposite of what iraq wants. they have ambutions of being the crown jewel of the mid east not on there grapy dinar.
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