Lop Comparisons - Mahma Khalil calls for Central Bank Currency Restructuring Project

[andy1979uk]

Mahma Khalil calls for central bank currency restructuring project
 
 August 8, 2013 in economic
 
Baghdad: News Network Iraq - called for the Committee on the economy and investment parliamentary Central Bank of Iraq, the need to delete the zeros from the Iraqi currency after the available suitable ground and out of Iraq from Chapter VII, and its economy is expected benefits and results of salvation from the penalty of the Security Council imposed on him previously. 
 
This came on the tongue of the Commission's decision Attorney Khalil Mahma, in the presence of the members of the economy and the investment that the central bank to start a restructuring of the currency being a purely economic issue. 
 
He added MP Khalil said the Iraqi constitution between the need to change and delete currency are required by the economic situation of the country, and the public benefit, calling the parliament and the government to support the identity of the country's economic, expecting to see budgets next increase and prosperity after the entry of investment companies to Iraq, noting that Iraq is not the only country the deletion of zeros from its currency Vsbaktna countries, for example, Turkey and Lebanon has succeeded the stability of the economic situation when deleted zeros from their currency. said MP Khalil that the project to delete the zeros Old and the objections of the Central Bank and the Iraqi government demanded to wait until the provision of appropriate time and after coming out of Chapter VII each justifications and arguments over the implementation of this project., in turn, criticized member Committee Alaguetasidih the MP Abdul Hussein Abtan delay in the implementation of the said project and the survival of the zeros of the Iraqi currency and is not reasonable to have reserves of the Central Bank of Iraq and $ 76 billion to now dealing in the thousands.
 
It is worth mentioning was the Iraqi Central Bank said in August / last August that he plans to delete the zeros from the Iraqi dinar to facilitate financial transactions carried out through cash in most cases. Among the difficulties faced by Iraq if they wanted to embark on the deletion of zeros from the dinar is pulling about 30 trillion dinars in circulation in the Iraqi market now, then get rid of them and replace them with a new currency.
 
http://tinyurl.com/msjzqg7

[Ponee]

 Good Article to read!  Thanks ANdy !!!!

[Ponee]

 Below is a response to this article  from a fellow dinarian Lee D Falconer from a FB site I am part of.  I believe he is also including TLar's opinion in regards to the article.  THose would be the comments in the red quotes.
 
Quoting Tlar -
"The CBI had said in August that it planned to delete the zeros of the Iraqi dinar "
 
 
This is the second time it is mentioned. The first was a guy on the finance committee and now Mehma Khalil again tells us also that the CBI said they were going to delete the zeros in August. That is two different guys who should be in the know stating the same thing that this will happen this month. The finance guy went also so far as to say that the CBI told him that they would also release the smalls. We know that is an impossibility at the current exchange rate. So what they both are insinuating is August will bring a big change to the currency. They both say that this information came from the CBI and this info comes on the heels of the one on one meetings Turki just had with all these guys over the last two weeks..
 
Again we see 30 trillion dinars which is the same number that has been repeated in all articles since early last year when Saleh used it. It is a stock number that the news uses again and again and will continue to use until a new number is finally reported by the CBI. The CBI has been very guarded in not releasing any new numbers and personally, I don't think they will release any new numbers before a change in the currency.
 
 
Before LOPSTER notices the Turkey comment and says that horrible L word let me say this :P
 
"the preceding example States Turkey and Lebanon have succeeded"
Scares me chit out of me when they use countries like Turkey who lopped as an example.
I do know however the Iraqi plan is different and this guy is just using it as a 'hey look, it works and is possible' example to put his point across. Turkey had mega hyper inflation and a lop is a tool to combat that...Iraq does not have that problem.
 
 
I really hope August is our month and the month Iraq get this big surprise. Them also mentioning a new currency makes me think they speak of the smalls.
 
Dang I said that ell word, assumes the position ready to be spanked
 
 
 
Its an event by which they remove the large 3 zero notes from circulation...its an event that has already begun, cbi told us they started it well over a year ago. this is a tough one to get in to because there is list the zeros, remove the zeros, delete the zeros. I think it may come down to it being an event...removing the 3 zeros from the exchange rate and by doing so removing the large 3 zero notes from circulation....who knows how they will do it and in what order....what we do know is that when they use those terms whatever one they use the are not talking about that L word I think you are hinting at?
 
Recent articles state that they will probably lift the exchange rate to 1000-1 and then take the 3 zeros off the rate making it 1-1 which will then start the removal of the large 3 zero notes from circulation and at that time they release the new small denoms.
 
 
Economic and finance committee have both let slip the same plan recently.
Kap still thinks we will float to a buck from 1166, I don't believe you, it would take too long to accomplish what they say they are ready for now...the remove the zeros, lift the zeros, delete the zeros event.
 
who knows and im not an expert and we know these guys are idiots, theres always a little doubt that they could fluck us over in some way, the are after all iraqis....
 
 
Im hopeful we find out this month!
 
-Lee D Falconer -

[doodoo]

Here is the Dood's response to the article

Yo Mahma

[Troyboy]

Good article, but I think what you posted ponee was mostly Tlars response to the article being shared by the other guy on facebook.

[Scalp]

Nope she posted correctly, tlars is the top part then from 'before the LOPSTER' is my opinion

[Ponee]

Whatever happened to TLAR

[Jayzze]

tylar probably changed  names as soon many of our gurus now as far as central bank  restructuring goes   I would worry more about the goi  restricting so they can accomplish the needed laws passed before worrying about the banks