Post From BondLadys Corner
BLC Admin Tlm724 News & Comments 5-5-16
Member of the parliamentary economic: the situation of the country is not conducive to the deletion of zeros from currency
History of edits:: 5.5.2016 10:38
{Baghdad} Euphrates News Member of the Committee on Economy and Investment parliamentary Najiba Najib, explained that the security and political situation in the country does not help to make a decision to delete the zeros from the currency.
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BLC Admin Tlm724 News & Comments 5-5-16
Member of the parliamentary economic: the situation of the country is not conducive to the deletion of zeros from currency
History of edits:: 5.5.2016 10:38
{Baghdad} Euphrates News Member of the Committee on Economy and Investment parliamentary Najiba Najib, explained that the security and political situation in the country does not help to make a decision to delete the zeros from the currency.
~~~
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She said Najib told {Euphrates News} " The project to delete the zeros still exists, in terms of the study and details," afterthought "but implementation delayed because of the security situation is stable."
She added that " the political situation experienced by the country , which does not help for the success of the project," noting that " the lack of political and security stability in the country postponed the project to delete the zeros." |
the Governor of the Central Bank and the agency on the Keywords, said a former time, that " the project to delete the zeros will be implemented in early 2017, noting that the bank" began to develop the first project steps. "
he explained " the purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currencies." it is
noteworthy that, the American site "howmuch.net", class last Saturday, the Iraqi dinar was ranked 20 among the strongest Arab currencies against the dollar, according to the published by the site from the list of the order of Arab currency exchange rate of the strongest to Alodaf.anthy 1
http://ift.tt/1VLAP2O
Bondlady: the Governor of the Central Bank and the agency on the Keywords, said a former time, that " the project to delete the zeros will be implemented in early 2017, noting that the bank" began to develop the first project steps. "
he explained " the purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currencies."
[tlm724] thank you BondLady , great to see it in the news again !
[tlm724] the situation of the country is not conducive to the deletion of zeros from currency
[tlm724] yeah we kinda knew that
[tlm724] The project to delete the zeros still exists
[tlm724] still on the table Wink
[tlm724] implementation delayed because of the security situation is stable.
[tlm724] BondLady highlighted this
" the Governor of the Central Bank and the agency on the Keywords, said a former time, that " the project to delete the zeros will be implemented in early 2017, noting that the bank" began to develop the first project steps. "
he explained " the purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currencies."
[SHREDD] to begin to remove the zeros beyond shrinking the supply that has already been taking place over the past few years, the dinar will need to be usable to the people
[SHREDD] that can happen by adding value and as a result, adding smaller denoms
[SHREDD] eventually decreasing the need for the dollar
[SHREDD] so if we are to expect a move to a market economy with a market-driven floating rate, that will need to be in place before they activate actually removing the 3 zero notes
[SHREDD] they are usable now due to the poor rate
[SHREDD] but in order to remove them, there must be incentive via a higher purchasing power, ie more value
he explained " the purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currencies." it is
noteworthy that, the American site "howmuch.net", class last Saturday, the Iraqi dinar was ranked 20 among the strongest Arab currencies against the dollar, according to the published by the site from the list of the order of Arab currency exchange rate of the strongest to Alodaf.anthy 1
http://ift.tt/1VLAP2O
Bondlady: the Governor of the Central Bank and the agency on the Keywords, said a former time, that " the project to delete the zeros will be implemented in early 2017, noting that the bank" began to develop the first project steps. "
he explained " the purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currencies."
[tlm724] thank you BondLady , great to see it in the news again !
[tlm724] the situation of the country is not conducive to the deletion of zeros from currency
[tlm724] yeah we kinda knew that
[tlm724] The project to delete the zeros still exists
[tlm724] still on the table Wink
[tlm724] implementation delayed because of the security situation is stable.
[tlm724] BondLady highlighted this
" the Governor of the Central Bank and the agency on the Keywords, said a former time, that " the project to delete the zeros will be implemented in early 2017, noting that the bank" began to develop the first project steps. "
he explained " the purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currencies."
[SHREDD] to begin to remove the zeros beyond shrinking the supply that has already been taking place over the past few years, the dinar will need to be usable to the people
[SHREDD] that can happen by adding value and as a result, adding smaller denoms
[SHREDD] eventually decreasing the need for the dollar
[SHREDD] so if we are to expect a move to a market economy with a market-driven floating rate, that will need to be in place before they activate actually removing the 3 zero notes
[SHREDD] they are usable now due to the poor rate
[SHREDD] but in order to remove them, there must be incentive via a higher purchasing power, ie more value
SHREDD] so,this is a process, it will take time
[SHREDD] so if the three zero notes being removed early next year, this process to get to that stage will need to start earlier
[SHREDD] the process of having a rate that gives enough purchasing power to exceed the usefulness of the three zero notes because they will be too large
[SHREDD] imagine if the only USD notes we had were 100, 500, 1000, 5,000 and 10,000 same thing
[SHREDD] 1. Move to Market Economy with a market-driven currency
[SHREDD] 2. Supplement note denominations to support the growing value, as well as whatever the rate adjusts to rapidly to start with
[SHREDD] 3. As large three zero notes become too large, begin removing from circulation
[SHREDD] 4. As rate continues to grow, continue to release the entire book of note denoms
[SHREDD] 5. De-dollarize
[SHREDD] that's my two cents and how I see it rolling out
http://ift.tt/23sJ1nK
[SHREDD] so if the three zero notes being removed early next year, this process to get to that stage will need to start earlier
[SHREDD] the process of having a rate that gives enough purchasing power to exceed the usefulness of the three zero notes because they will be too large
[SHREDD] imagine if the only USD notes we had were 100, 500, 1000, 5,000 and 10,000 same thing
[SHREDD] 1. Move to Market Economy with a market-driven currency
[SHREDD] 2. Supplement note denominations to support the growing value, as well as whatever the rate adjusts to rapidly to start with
[SHREDD] 3. As large three zero notes become too large, begin removing from circulation
[SHREDD] 4. As rate continues to grow, continue to release the entire book of note denoms
[SHREDD] 5. De-dollarize
[SHREDD] that's my two cents and how I see it rolling out
http://ift.tt/23sJ1nK
via Dinar Recaps - Our Blog http://ift.tt/1VLAQE3
Very great post with excellent and insightful information. Thanks for sharing.
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