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The decision to delete zeros from the currency. Ink on paper  DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

The decision to delete zeros from the currency. Ink on paper

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Post by Kevind53 on Thu Sep 06, 2012 3:10 pm

This seems to be another op-ed piece, but still it is well written, better than most.

A while ago, near the decision to delete three zeros of the Iraqi currency, and that the project will be launched early next year and will run for two to three years. Then came other statements the Government cautiously announces the implementation of this resolution and postponed to another date.


Does the project will remain a dead letter permission as described by Central Bank Deputy Director Mohammad Saleh appearance? .... Was the decision to delete zeros of the Iraqi currency in many opinions Pro and con, economists believed that the resolution would lead to the collapse of the national currency and some other that he would return to the country with great interest and unfortunately its await as a joint venture between the Government and the Central Bank. As long as the Government seeks to postponed due to security concern, it could not be implemented this year or the year after – as Deputy Director of the Central Bank — the timing is very important in this case and that its implementation must coincide with the beginning of the fiscal year, so you will not find a space for implementation this year inevitably ... Regrets for the delay of the country's economic performance will improve efficiency as long as currency and reduce the influence of big numbers, monetization needs to cash large and small groups will be dealing with categories such as (50 dinars) and (100 dinars) and (200 dinars) in addition to the categories below as dinar (half dinars and quarter-dinars) and (50 Fils, 25 Fils).


And is confirmed by the Economist and financial Bank of Majed who doesn't see mock difficulty in the implementation of the resolution as it will help in the process of reducing the size of the trading currency in large transactions and will lead to more accurate price policy in the future as long as it will be dealing with thousands and millions rather than billions as well as its role in the detection of forgeries before that the Central Bank will charge banks using ultra-modern techniques for the detection of forgeries. Adds "the techniques to be used in printing the new currency will be strong only if behind that organized gangs or assisted by the State because the precise specifications and the methods that the Central Bank would be very strict. "

In contrast, warns Economist Tawfiq inhibitor from the collapse of the national currency in case of application of the decision to delete the three zeros, noting the need to prolong the currency switch and its failure to withdraw the old currency and the new release directly, but do it together so as not to cause harm to the economy or any direct impact on the living conditions of the citizens. On the other hand believes that anticompetitive counterfeiting are another reason to collapse so it warns that there are large gangs and Division of work capable of forging the largest Iraqi currency.

Most of the citizens considering to delete three zeros from the decision of the national currency after apprehension look used their pocket to carry large paper groups and stakeholders, including dealing with the hundreds of millions.

Businessman Saleh believes that the deletion of zeros wazani would affect the level of stock trading in Iraq market for securities, because there would be lost if shares delete zeros. Working in the stock exchange weighted since 2005 and has increased his fondness when developed using electronic screens, but he does not hide his fear of failure to deal in the shares of the stock will fall leading to block the signing of agreements with foreign investment companies that believe that currency will reduce profits.

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Trust but Verify --- R Reagan Suspect

"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

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Post by Guest on Thu Sep 06, 2012 6:04 pm

They must have studied this long ago and should know what to do by now...sometimes they come off like idiots.

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Post by chevysteve on Thu Sep 06, 2012 6:34 pm

punisher wrote:They must have studied this long ago and should know what to do by now...sometimes they come off like idiots.


Sometimes?? say what? scratch
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Post by Guest on Thu Sep 06, 2012 6:46 pm

Everyone except Shabibi is dumb.

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Post by Terbo56 on Thu Sep 06, 2012 7:03 pm

Either way we wait-
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