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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


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    Economic parliamentary: Work to delete the zeros from the currency will begin next year

    Rocky
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    Post by Rocky Mon 20 Oct 2014, 11:16 am

    First topic message reminder :

    Economic parliamentary: Work to delete the zeros from the currency will begin next year   

    Qurtas News / Baghdad

    Announced the parliamentary Economic Committee, Monday, that next year will begin work to delete the zeros from the currency.

    The committee member said Abdul Salam al-Maliki at a joint news conference with committee member Jawad Alpolanin that "the Central Bank reserves to $ 76 billion in the fund 24 dfi Billion dollars , and the currency in the market Almtdoualh 40 million trillion. "

    He pointed out that "the deletion of zeros from the currency will be next year."

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    mochasmom
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    Post by mochasmom Mon 20 Oct 2014, 4:09 pm

    It's always next year
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    Post by Rocky Mon 20 Oct 2014, 5:48 pm


    Deletion of zeros from the Iraqi currency


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    19:29


    20/10/2014


    Confirmed the parliamentary Economic Committee that the deletion of zeros from the currency will be next year.


    According to committee member Abdul Salam al-Maliki said that "the deletion of zeros from the dinar will be next year after the central bank reserves reached 76 billion dollars to 24 billion dollars by the Fund / EDF Ai / As exceed the ceiling of the currency in the local market Almtdoualh 40 million trillion dinars


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    Post by Rocky Mon 20 Oct 2014, 5:55 pm

    Economic parliamentary reveal that the balance in the fund Iraq DFI reach 24 billion dollars

    20/10/2014 16:18 GMT

    Follow-up - and babysit - revealed a committee of economy and investment parliamentary, Monday, that the balance of Iraq in the DFI fund is $ 24 billion, as pointed out that the deletion of zeros from the currency will be in the next year.

    The committee member said Jawad al-Bolani, during a press conference at the parliament building with members of the Economic Committee that "the things that are discussed within the Commission stocks traded for the mass cash charge by the central bank as well as the laws that help to develop the work of the Central Bank, which will be legislation and include the Central Bank Act, banks The Money Laundering Act. "

    For his part, noted committee member Abdul Salam al-Maliki during the conference that "the Central Bank reserves reach 76 billion dollars in the fund DFI reach 24 billion dollars, while the currency traded in the market 40 million trillion," pointing out that "the deletion of zeros from the currency will be in the next year ".

    The Committee on the economy and investment parliamentary announced on Monday, will host the central bank governor on the Keywords to discuss the issue of deletion of zeros and the fight against money laundering crimes and develop the work of private banks.

     
    M.a
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    sundog
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    Post by sundog Mon 20 Oct 2014, 8:00 pm

    The good news is - their next year is in October.  They don't have the same calendar year that we do so next year to them is less than 5 -7 days away.  Some said the new year is the eve of 24th til eve of 25th of October.  Hence maybe the reason the ISX is going live on the 26th.
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    Post by noced71 Mon 20 Oct 2014, 8:18 pm

    Oooooorrrrr.... I could just simply mean sometime next year lol!
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    Post by weslin3 Mon 20 Oct 2014, 8:55 pm

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    Check it out. Oct. 24th....ends Oct. 25th. Then new year..... So after Oct. 25 it is 2015 for them.
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    Post by wciappetta Tue 21 Oct 2014, 4:25 am

    I'm pretty sure they mean their fiscal year which begins in January and judging the past and given the option they like to line things up as close to the beginning as possible, at a time when the global markets are shut down.


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    Post by duck2000 Tue 21 Oct 2014, 5:20 am

    yes there FISCAL year starts jan 1 2015

    According to the CBI's "Banking Law" document

    the financial year is defined: (page 31, Section 6, Article 40)



    Section 6 - Accounts and Financial Statements

    Article 40 Financial Year

    The financial year of domestic banks shall begin on January 1 and end on December 31 of the same year. For a branch of a foreign bank, the financial year may differ.
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    Post by duck2000 Tue 21 Oct 2014, 5:39 am

    According to the deputy govenor of the Central Bank of the appearance of Mohammed Saleh, the Bank’s strategy of deleting three zeros and the currency exchange will be at the beginning of a new year and the budget for the new Iraqi state, are expected to switch the currency in the new fiscal year for the year two thousand and thirteen.
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    Post by duck2000 Tue 21 Oct 2014, 6:09 am

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    calendar year

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