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"90 Day Compliance" - Dinar Alert News Discussion 4/5/18

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"90 Day Compliance" - Dinar Alert News Discussion 4/5/18

Post  Ssmith on Fri Apr 06, 2018 8:24 am

Dinar Alert

The Central Bank offers a project to delete three zeros from the currency in order to cope with inflation


2018/04/04 | 6:45 The Central Bank introduced a project to delete three zeros from the currency, in order to combat inflation and stimulate the economy, but was forced to stop because of the deteriorating political and security situation in Albulad.oukal central bank governor, on the Keywords, in a panel discussion with the editors of a number of Iraqi media:

The « the subject of the deletion of zeros from the ready currency, but it needs to be suitable for application environment », adding that« the provision of appropriate environment contributes to the prevention of manipulation and fraud of weak souls owners »the central government, the stand with the Central Bank project to delete the three zeroes currency, because it sees« hurt in raising efficient system of cash payments »,

According to the Financial Advisor to the President Aovernmh.oodhav, the appearance of Mohammed Saleh, in an interview with «Economics News», that «the current environment is suitable for this project because there is a financial and political stability witnessed especially the country after the salvation of the organization (Daesh)».

He stressed the need not to rely on the project to support the Iraqi dinar, but «focus on creating all the conditions that will support the Iraqi dinar and of political and economic stability», pointing out that «the central bank has accumulated experience in dealing with the topic»

.fima, said the economist, Bassem Jamil Anton, said that « the current environment is not suitable for the project to delete the zeros in Right now, because the security situation has not yet stabilized as the perfect »

He pointed out that« the project need education campaigns in order to accept it citizens and does not affect the movement of the market », indicating that« the project has benefits of reducing the amount of money used in the deposit,

which helps accountants not to fall in the wrong in dealing with zeros in large amounts, as well as reducing the number of trustees to protect funds and money from theft ».otoqa Antoine that the work of this project after the legislative elections to be held next May.

https://www.almuraqeb-aliraqi.org/2018/04/04/106257/

Wn: According to the Financial Advisor to the President Aovernmh.oodhav, the appearance of Mohammed Saleh, in an interview with «Economics News», that «the current environment is suitable for this project because there is a financial and political stability witnessed especially the country after the salvation of the organization (Daesh)»

Lets get 'er done this time. 60+ more days.

Jack: Great article rv2018 and good analysis revbo. BTW: if they call me and ask, I will vote "yes" on the go ahead. Wink --Jack B. Nimble

Julie: Does a dirty exit mean less than the 90 day compliance?

Tfrizzel:
I believe you are correct Julie


http://dinaralert.webs.com/apps/forums/topics/show/13475579-is-it-time-to-delete-three-zeros-from-the-currency-
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