BLC Admin Tlm724 Article Revisited With Comments

Tlm724:  I am giving this article a big bump and it's from July 2013 ! Look who is speaking in this one and who he has become! Now Prime Minister Haider al-Abadi   Wink
 
BondLady:
Parliamentary Demanding Financial Guarantees By The Central Bank To Delete Zeros Currency

Category: Economy Published Date Hits: 50 BAGHDAD - Awan

Demanded the parliamentary Finance Committee's central bank on Thursday, provide guarantees prior to the deletion of zeros from the Iraqi currency, in order to avoid forgery.
The Chairman of the Finance Committee, Haider al-Abadi, told the "Awan", 
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The switch more than 34 trillion Iraqi dinars, not an easy process," noting that "the Finance Committee and the government demanded the Central Bank to provide guarantees to reduce fraud and money laundering operations."

Abadi continued that "the current currency includes forged categories but simple numbers will not pose a threat."

Abadi added that the "currency change or delete the zeros of which needs to be a new financial year, and because of 2014 will see Gjra the legislative elections, it is possible to take place in the year 2015, if the Central Bank has provided the required guarantees."
 
The Central Bank of Iraq announced earlier his intention to delete the zeros and the currency exchange, which warned him, officials and economists because there are mafias currency is preparing to rig the trillions of Iraqi dinars to replace them in the light of the upcoming changes

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Comments / Replies Below Dated Today 10-29-15:

Reflection:  Simple, do it now and use those fancy machines y'all spent millions of dollars on to catch the counterfeiters red handed.....and lock them up for life. Everybody wins....YAY!
 
Shredd:  This is the golden nugget folks:
 
Abadi continued that "the current currency includes forged categories but simple numbers will not pose a threat."
 
"Simple numbers" refers to lower denominations which cannot be released without a rate at or above 1 to 1. If the CBI agrees to this timing, we can expect a par rate by the first of next year. Time will tell! 

Tlm724:  or perhaps sooner , the CBI has that darn plan, wish we knew !!  I am giving this article a big bump and it's from July 2013 ! Look who is speaking in this one and who he has become ! Now Prime Minister Haider al-Abadi Wink
 
Abadi continued that "the current currency includes forged categories but simple numbers will not pose a threat."
 
Abadi added that the "currency change or delete the zeros of which needs to be a new financial year, 
 
" it is possible to take place in the year 2015" 
 
could we see a very bright future in 2016 ??? Cool Sometimes we see so much that we lose sight of our goal and this is our goal
 
Rocky:   tim, didn't we see articles this year claiming 2017
 
KDuesing:  Somehow I missed that this was a 2013 article, and in my opinion nothing much real came out during the Maliki years and definitely not worth revisiting.
 
Tlm724:  KD the reason for the bump is remind myself and others that PM Abadi is all for the new lower denom currency and that he knows the importance of changing the currency.

​We can learn much from Abadi's actions and statements of the past, has nothing to do with the Maliki years, those are over. Thanks

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