Thanks to Bama for the following article .. I agree wholeheartedly with Bama on this one ..Someone has to stem speculation, right? .. also, notice it says "proposed". All other articles from yesterday and some from today, say that everyone is in agreement on removing the zeros. And ... that would be the CBI and GOI. ... Still looking very promising, imo ... kel
*"This one is gonna flip some people out today. Stay strong" - Bama*
July 9, 2012
Parliamentary Finance proposes to make the category of currencies (50) and (100) thousand dinars instead of deleting the zeros
Baghdad, Proposed by the Finance Committee MP / National Alliance / Hussain Yasiri, issue new categories of the (50) thousand dinars, (100) thousand dinars, the currency current instead of deleting the zeros of the three of them, the fact that the current circumstances do not allow changing money.
Yasiri said in a press statement: There are many problems that will accompany the re-structuring currency after deleting three zeros which when applied will cause rise in prices of goods in local markets because the citizens do not have full knowledge of how to handle the new currency.
He added he also would cause social problems between (the creditor and debtor) any how to pay off the debts, as well as the presence of mafias to rig the new currency ready to put it to markets on the implementation of the project, as well as current conditions experienced by the country Kalnsaat political and fluctuation of the exchange rate of the dinar against the dollar does not allow the replacement of the national currency, calling for postponement and not applied.
He continued, must add a new currency to the currency of the current class (50) thousand dinars, (100) thousand dinars instead of issuing a new currency which deleted three zeros to reduce the liquidity of the money supply sought by the Central Bank through the implementation of this project.
The Central Bank seeks to apply the draft to delete the zeros of the three Iraqi currency at the beginning of next year, despite calls by the central government and some members of the House of Representatives to wait it ...
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Related article .. link .. *Iraqi Finance ~ All Parties Involved Are In Agreement To Delete Zeros From The Iraqi Dinar ...
