Delete Zeros Must Be At Beginning Of Fiscal Year

Originally posted on recaps written by Miskebam, our fearless leader. Very encouraging if you ask me.
http://us.mg5.mail.yahoo.com/neo/launch?.rand=6sn71sksanp6s
11/28/2012

20 Comments


Supporting Archived Articles From Miskebam Emailed To Recaps

When
we got the article today about the 2013 budget being free of zeros...
it motivated me to gather up some articles since July... where they
stated that:

#1 It would increase the value of the dinar
#2 Delete the zeros MUST be done at the beginning of the fiscal year
#3 one article has the ISX linking up live in 2013 ...

I love being able to convince myself of this investment through
articles, because speculations sometimes get me down... so I thought I
would share Miskebam

So it looks like, in my opinion we will see this January 1st, 2013.

Delete the zeros MUST be at the beginning of a fiscal year - Supporting Archived Articles

11/28/2012

SEPT 6, 2012 - 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 ...
...
Read More Link On Right


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). Source

http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.almutmar.com%2Findex.php%3Fid%3D201213504

SEPT 6, 2012 - The policy of the Central Bank — by Salih to the stability of the dinar against the US dollar,
likely equal the price of the Iraqi dinar against the US dollar over
the next two years after the implementation of the project to delete the
three zeros Iraqi currency. Source

http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.almutmar.com%2Findex.php%3Fid%3D201213504


AUG 29, 2012 - A few steps has been taken up by the country to
stabilize the economy of the country. The government has decided to make
adjustments in the currency. Since 2007, the government has
been discussing about removing 3 zeros from its currency. It means that
1000 dinars of this time, will become 1 dinar in near future after the
change is implemented.

This is one of the most controversial issues, but till now the change is scheduled to happen in the year 2013. This change in the dinar will ensure that the country will have a stable currency and a stable economy. Source

http://iraqdailyjournal.com/story-z6339674 article missing

*AUG 10, 2012 - Juburi, said Finance Committee draft supports the deletion of zeros and the currency switch, the
Government must be involved in this project as responsible for the
country's fiscal policy ", likely to be direct in this project by July
next year 2013". Source (see below, July is off limits because its in the middle of a fiscal year)

http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.burathanews.com%2Fnews_article_165863.html

AUG 20, 2012 - Saleh drew the interest of the Exchange must be with the new fiscal year, "the Iraqi Government's accounts cannot be registered in the same year, two forms of financial values" Source

http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Falrayy.com%2F58803.htm

AUG 17, 2012 - The CBI said seeking to reduce the use of cash (CASH) in the country,
because of the challenge of geography and security issues that make
money transfers within the country difficult and risky. The Bank said in
a statement carried by the official (independent Iraqi news agency) "go
endeavour to automating reconciliations for checks and payroll and
activate automation systems e-card, to keep more cash in bank accounts". SOURCE **


AUG 17, 2012 - Said the Iraqi Central Bank: "The dollar selling to
banks aimed to withdraw liquidity from the market as is the case in
which the majority of the world's central banks and the bank said in a
statement yesterday:" The majority of markets where price official price
parallel, the World Bank seeks to minimize the difference between the
two rates through inspection teams, to comply with the instructions of
the Central Bank, which sells the dollar to all government and private
banks and branches of foreign banks, not the banks civil just pointed
out:

"The policy
followed by the Bank since 2004 and so far is one of the successful
policies, as has cut inflation from 50% to 5.8% and a drop in prices and
stability result tools that were in place and that was investing night and deposits of maturities
/ 7 and / 14 and /30 days of the dinar, in addition to investment and
night deposits of maturities / 7 and / 30 and / 90 / days of the dollar
"..

Indicating that the Bank canceled tools mentioned except deposits to order 7 days of the Iraqi dinar only to
encourage banks to grant credit for industrial projects, agricultural
and residential and pointed out that the monetary policy was welcomed by
the International Monetary Fund. Source

http://translate.google.com/translate?langpair=auto|en&u=http%3A%2F%2Fwww.beladitoday.com%2F


AUG 18, 2012 - She stir up against you is to adopt the Iraqi Center
plans and scientific programmes in order to create the stability of the
dinar against the US dollar, with the civil almsark welcomed the Central Bank took over responsibility for overseeing national allowance system PBX, foreign companies will bring great prosperity in the work of the banks.

She explained: the
PBX system will serve as a national focal point in which all feed into
bank accounts throughout the year and will settle the bank accounts of
the creditor banks and condemned for not falling banks a financial loss.
The PBX system will enrich the national banking sector from dependence
on foreign companies and would reduce Melasma and risk of dealing with
foreign companies. Source

http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.almadapaper.net%2Fnews.php%3Faction%3Dview%26id%3D70515

AUG 16, 2012 - the Bank canceled the tools mentioned with the exception of deposits to term of seven days for Iraqi dinar only
to encourage banks to grant credit for projects of industrial,
agricultural and residential, and drew that monetary policy has been
welcomed by the International Monetary Fund. Source

http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.alsabaah.com%2FArticleShow.aspx%3FID%3D33372 error getting categories

AUG 11, 2012 - The parliamentary financial warns of economic crisis ... And next year's budget will be in the new currency She explained that "the recommendations issued by the Committee of finance to the Central Bank include
issuing new Iraqi currency during the next year, and other
recommendations relating to indebtedness upon completion of the new
currency."

On the subject of "petrodollar distribution to citizens pointed out Najib" there is text in the budget gives authority to the Government to grant the surplus of oil profits to citizens after
issuing instructions from the ministries of finance and planning,
banner that delay distribution is due to return supplementary budget to
Parliament by the Government." Source

http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.albaghdadianews.com%2Feconomy%2Fitem%2F14704-AkLAkn%D8%A9-AkBEkLAln%D8%A9-bGdE-Ll-AeL%D8%A9-AjbZHADn%D8%A9--NLNAel%D8%A9-AkIAL-AkjADL-YObKNl-BAkILk%D8%A9-AkvDnD%D8%A9.html


AUG 11, 2012 - Iraqi Central Bank, foreign exchange reserves rise to
67 billion dollars, adding that these reserves are the largest in the
history of Iraq, noting that these reserves is one monetary policy to
reduce inflation in Iraq. Deputy Central Bank Governor Mohammad Saleh
appearance that "Iraqi Central Bank reserves of hard
currency rose to 67 billion dollars, up from 63 billion dollars at the
end of may", stating that these "reserves are the largest in the history
of Iraq". Source

http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.babnews.com%2Finp%2Fview.asp%3FID%3D56441

AUG 7, 2012 - the House of Representatives received a formal letter from the Central Bank containing details of the project
to delete the three zeroes from the currency and calls for its
application early next year, saying there is no objection large by the
House of Representatives on the implementation of the project that the
country is still is poised to replace the national currency. Source

http://www.sotaliraq.com/mobile-news.php?id=67149#axzz22rVEnCak


AUG 6, 2012 - The Committee also discussed the papers received from
title research service/our green economy to achieve sustainable
development and reform of environmental indicators highlighted the fact
Iraqi oil to discuss adding the book received from Central Bank of Iraq,
containing the position of the dollar sales for may 2012 banks, the book received from the Central Bank, containing the draft restructuring of currency/project delete zeros. Source

http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.burathanews.com%2Fnews_article_165449.html

AUG 3, 2012 - A member of the parliamentary finance committee, Najiba Najib, in a press statement, said that there
is a tendency by the legislature with the support of the Central Bank's
policy to restructure the Iraqi currency and delete zeros at the
beginning of next year.


She explained that this issue began to mature day by day for the
members of the Finance Committee and the Economic Commission, noting
that preparations for the central bank to implement the project under
way, but it is incomplete yet.

They pointed out Najib, the Deputy for the Kurdistan Alliance, that the
project will be implemented over two years by government banks, and
will be part of the new currency coins of small denominations. Source


July 29, 2012 - The parliamentary Finance Committee said earlier
that the process of replacing delete zeros from the currency and will be
gradually beginning next year, noting that the process
takes two to three years. Committee Member said Hasan aozmn said the
Central Bank will begin to withdraw the current currency next year start
gradually and keep the current currency trading to give citizens
sufficient time to Exchange ".


He aozmn Exchange and delete zeros successful and useful for the
Iraqi economy through its success in several other countries, pointing
out that "process will contribute to ease carrying banknotes to the
citizen and will not have any negative impact on the economy (according
to him).

The parliamentary Finance Committee announced early this month that next year's budget in the new currency will be 2013 after deleting three zeros from the current currency,
saying that the reluctance of traders and trading companies behind the
Iraqi currency the Central Bank adopted draft delete zeros. Source

http://www.microsofttranslator.com/bv.aspx?from=ar&to=en&a=http%3A%2F%2Fwww.ikhnews.com%2Fnews.php%3Faction%3Dview%26id%3D50350

July 28, 2012 - Deputy Central Bank Governor Mohammad Saleh appearance that» three
zeros deleted project of Iraqi currency in need of a new financial
period, because all accounts start with the new currency and accounting
notebooks may be registered in a currency different from the currency in
which the beginning of the year «recorded. » Start the deletion of
zeros from the currency in mid-2013 is the proposal with members of the
Finance Committee in the Chamber of Deputies but the Central Bank held
talks on the proposal and found it may not start with the project in the middle of a new fiscal year. Source

http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.babnews.com%2Finp%2Fview.asp%3FID%3D55780


July 24, 2012 - Shabibi "The main reason for the process to delete
the zeros due to the economic stability experienced by the country and
large cash capacity in the Central Bank." And on the currency auction
Shabibi said: "The operation as a window to enter the foreign currency
and raise the value of Iraqi dinar."


July 23, 2013 - The CBI predicted delays in putting the new currency
early next year and to developments and discussions with the
Government. Prime Minister Nuri al-Maliki demanded earlier
with the Bank to wait with his work and put it in the currency
changeover from January of 2013.


Central Bank Governor Sinan Al-Shabibi: "put the currency early next
year is uncertain because of the recent discussions and debates with the
Government". Al-Shabibi said "it would be in the process of cooperation
with the Government." Central Bank Governor noted that the continuing
currency switch, and the previous dates for remaining but developments
have delayed.

The Bank confirmed the earlier: "ask
the new currency would be 1/1/2013, despite Government demands a wait
operation". The World Bank official letter to Cabinet explaining pros
switch currency market and money supply and exchange rate increase and
other issues. Source

July 23, 2013 - Central
Bank currency reserves have so as to cover the deletion of zeros
Shabibi: noting that the Central Bank has a reserve currency enabling a
process delete zeros and coverage. Al-Shabibi said that the main
reason for the deletion of zeros due to the country's economic stability
and the ability of large cash at the Central Bank. And on the auction
currency between Al-Shabibi said the operation as a window to enter the foreign currency and raise the value of Iraqi dinar. Source

http://www.microsofttranslator.com/BV.aspx?ref=IE8Activity&a=http%3A%2F%2Fdananernews.com%2FNews_Details.php%3FID%3D1337

July 16, 2013 - the
Bank attributed the reasons to delete the zeros of the first three
reasons that the deletion of zeros will be an opportunity to #1 add
new properties to the Iraqi currency to prevent potential counterfeiting
of the new currency through the use of high security specifications,
thereby increasing the confidence of stakeholders (public institutions)
as a result of reduced or no cases of counterfeiting.

He said #2
the second reason that the deletion of zeros will lead to reduction of
alakiam digital currency financial walmahasbet and the play of reduce
the time and effort and cost required to complete financial transactions
and accounting as well as the possibility of reducing the number of
banknotes in circulation, especially if the banknotes were printed in
large groups. ".

The
reason #3 the third Ankh enhances the possibility of maintaining the
exchange rate of the Iraqi dinar against foreign currencies gained the
confidence of its clients. Source

http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fdananernews.com%2FNews_Details.php%3FID%3D1244


July 12, 2012 - Najib announced (the third of July, current), that
the budget next year 2013 will be the new currency after deleting three
zeros from the current currency, arguing that the reluctance of traders
and companies from trading in Iraqi currency behind the adoption of the
Bank Central project to delete the zeros. Jubouri revealed
on 15 May 2012, that the month of January of next year 2013 will see the
deletion of three zeros and the replacement of the currency, as will
next September 2012 the direct printing of new currency in different categories. Source

http://www.sotaliraq.com/mobile-news.php?id=64291#ixzz20PnxDezb

July 11, 2012 - Economic Committee confirmed
the continuation of the old currency for the biggest time possible will
be replaced early next year, stating that the banks will pull all old
currency market and inject new currency charge.

Rep. Committee Abdul Hussein ressan told future news agency reporter today, Wednesday, said: "the Central Bank in accordance with court plan strategy prepared in advance to replace the currency in
coordination with the financial and Economic Committee and the relevant
authorities both in the Executive or Legislative Council, include
withdrawal of old currency for almost two years and delivered to banks
which in turn will deliver the currency to the Central Bank over the
past ten years of destruction".

He said:
"the new currency will be offered to the market by early 2013, as well
as the presence of old currency that will operate over ten years ago,
and that the new currency after two years will be available in local
markets after the end of the old currency. Source **ERROR

July 8, 2012 - Fayez said in a press statement: that
the deletion of zeros will help citizens to ease trading and exchange
currency and ease of download categories a few cash in purchasing goods
and goods. He added: the operation would raise the moral value of the
Iraqi currency and does not leave any damage or danger to the Iraqi
economy. And: the Iraqi currency will be pumped to zeros deleted market
and will work with the old currency to the old currency is withdrawn
permanently from citizens. Source

http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Falrayy.com%2F55195.htm

July 1. 2012 - Iraq market for securities befriends a software to develop its work / NASDAQ OMX / Arabic & English for use in 2013 the
Board of Governors with honest company (NASDAQ OMX) a software license
(Ticker Tape System) for the Iraq market for securities to broadcast
real-time information in the Hall (Online) on two screens they prepared
for this purpose in Arabic and English. Source

http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.ikhnews.com%2Fnews.php%3Faction%3Dview%26id%3D47253

THANKS FOR THAT This came out today...

Finance Committee announces OPEN project to delete the zeros next year

| On 2012-11-29 | Author Muhannad David

Righteousness electronic / Baghdad

Ruled out a member of the Finance Committee secretary Hadi Abbas, the impact of the current crisis, the central bank on the project to delete the three zeroes from the national currency, stressing its implementation and probably will be based during the year (2014).

Abbas said: The device of the central bank a large and complex, as it contains multiple sections, and a large number of financial experts and economists, therefore, strategic projects are not linked to a particular person in the bank.

He added: that the draft reform of the national currency when three zeroes deleted them based sacking will not be affected by the Governor of the Central Bank because it is a strategic project general matter of the Iraqi people and the national economy.

He guessed Abbas: implementation of the project during the year (2014) as the central bank said no intention to implement the project to delete the zeros in (2013), calling for the nomination of a personal professional with news high financial management central bank to maintain the stability of the Iraqi dinar, and balance the sovereign foreign currency.

http://translate.google.com/translate?sl=ar&tl=en&u=http%3A%2F%2Fwww.alestiqama.com%2Fnews.php%3Fcat%3Dbusiness%26id%3D1562

Interesting ... we will see in a little over a month.

JANUARY 2013 :candycane:

He guessed Abbas: implementation of the project during the year (2014) as the central bank said no intention to implement the project to delete the zeros in (2013),(2014)no intention to implement the project to delete the zeros in (2013) Ill just keep waiting for it, on the couch, with the cat :florida tree:

clayf wrote:He guessed Abbas: implementation of the project during the year (2014) as the central bank said no intention to implement the project to delete the zeros in (2013),(2014)no intention to implement the project to delete the zeros in (2013) Ill just keep waiting for it, on the couch, with the cat :florida tree:

:candycane: :candycane: :candycane: JANUARY 2013 :candycane: :candycane: :candycane: