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


Neno

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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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onecinful1
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Neno
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ron-man
Bama Diva
fonz1951
weslin3
Hkp1
14 posters

    A smart Attorney Najib:-currency switch when you delete the three zeros are not necessary to legisla

    Hkp1
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    A smart Attorney Najib:-currency switch when you delete the three zeros are not necessary to legisla Empty A smart Attorney Najib:-currency switch when you delete the three zeros are not necessary to legisla

    Post by Hkp1 Fri May 03, 2013 12:40 pm

    A smart Attorney Najib:-currency switch when you delete the three zeros are not necessary to legislate


    Friday, 03 may 2013 08: 50 Ambassador News Agency

    {Baghdad Ambassador: News}

    Member
    of the Finance Committee said a Deputy from the Kurdistan blocs
    Coalition//nagiba Naguib, that national currency switch when you delete
    the three zeros from tubeless for legislation by the House, but to the
    directives issued by the Central Bank.

    Najib said in a statement
    received by Ambassador news on Friday that the Central Bank allowed the
    currency is valid and bank restructuring, so that the delete the three
    zeros does not need to legislate within the House, but the controls act
    as legislation to regulate the process of Exchange.


    She added:
    there is a problem might occur when implementing the project, the
    question of indebtedness among citizens, for example when you borrow a
    million when the project will be 1,000 dinars, if debt recovery will
    raise the ire of citizen creditor, so that this subject need legislation
    while fully tubeless for law.


    A number of invited
    representatives and economic experts to the need for legislation
    regulating the process of replacing the currency when you delete the
    three zeros, as well as the destruction of the old currency

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    weslin3
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    A smart Attorney Najib:-currency switch when you delete the three zeros are not necessary to legisla Empty Re: A smart Attorney Najib:-currency switch when you delete the three zeros are not necessary to legisla

    Post by weslin3 Fri May 03, 2013 12:43 pm

    Okay.... So don't need the legislation to act on the RV. Is that
    what you are seeing?
    Hkp1
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    A smart Attorney Najib:-currency switch when you delete the three zeros are not necessary to legisla Empty Parliamentary: the process of switching the currency when you delete the three zeroes which do not n

    Post by Hkp1 Fri May 03, 2013 1:07 pm

    Parliamentary: the process of switching the currency when you delete the three zeroes which do not need to legislate law


    03-05-2013 | (Voice of Iraq) - Add a comment -
    Baghdad (news)

    Said
    a member of the Finance Committee MP for the coalition Kurdish blocs
    Najeebeh the answer, that the process of switching the national currency
    when deleting three zeros which does not need to legislate law by the
    House of Representatives, but the instructions issued by the Central
    Bank.

    Said Najib (of the Agency news): The Law of the Central
    Bank allowed the Bank of validity of the currency exchange and
    restructuring, so the project to delete the three zeroes tubeless for
    the enactment of the House of Representatives, but the controls serve as
    legislation to regulate the process of replacing the currency.

    She
    added: There is a problem may occur when the implementation of the
    project, which is the issue of indebtedness among citizens, indicating,
    for example, when you borrow a person million dinars Upon implementation
    of the project will become a thousand dinars, in the case of recovery
    of debt would anger the citizen creditor, so that this issue needs to
    legislation while The project fully tubeless law.

    He called a
    number of deputies and economic experts to the need for legislation law
    that regulates the process of replacing the currency when you delete the
    three zeroes, as well as the process of destroying the old currency.

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    Hkp1
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    Post by Hkp1 Fri May 03, 2013 1:11 pm

    weslin3 wrote:Okay.... So don't need the legislation to act on the RV. Is that
    what you are seeing?


    What I'm seeing is IMO,... she's saying that delete zeros does NOT need to be legislated but the controls act needs to be for the exchange process.


    delete the three
    zeros does not need to legislate within the House, but the controls act
    as legislation to regulate the process of Exchange.
    weslin3
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    Post by weslin3 Fri May 03, 2013 1:12 pm

    That would simply things to get this over with faster. jmo
    fonz1951
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    A smart Attorney Najib:-currency switch when you delete the three zeros are not necessary to legisla Empty Re: A smart Attorney Najib:-currency switch when you delete the three zeros are not necessary to legisla

    Post by fonz1951 Fri May 03, 2013 1:31 pm

    well, i'm far from being an expert at things of this nature, but upon reading this article that's what i take from it.but for the exchange process, looks like legislature has to act.
    Bama Diva
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    A smart Attorney Najib:-currency switch when you delete the three zeros are not necessary to legisla Empty Re: A smart Attorney Najib:-currency switch when you delete the three zeros are not necessary to legisla

    Post by Bama Diva Fri May 03, 2013 3:12 pm

    "She added:
    there is a problem might occur when implementing the project, the
    question of indebtedness among citizens, for example when you borrow a million when the project will be 1,000 dinars, if debt recovery will raise the ire of citizen creditor, so that this subject need legislation
    while fully tubeless for law."


    Looks to me that legislation will have to do something to keep 1,000,000 from becoming 1,000 which will "raise the ire" of creditors or is there a problem with this translation? Comments please.
    Bama Diva
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    A smart Attorney Najib:-currency switch when you delete the three zeros are not necessary to legisla Empty Iraqi dinar to have 3 zeros canceled by the Central Bank of Iraq according to Finance Commissioner

    Post by Bama Diva Fri May 03, 2013 3:26 pm

    Iraqi dinar to have 3 zeros canceled by the Central Bank of Iraq according to Finance Commissioner

    Added by Amir Abdallah on April 13, 2013.
    Saved under Business
    Tags: Budget, Iraqi dinar


    The Iraqi dinar will have 3 zeros canceled by the Central Bank of Iraq according to Finance Commissioner, MP Abdul Hussein al-Yassiri.

    MP al-Yassiri told Iraqi News that “it is supposed that this year will witness necessary preparations to cancel three zeros from the currency”.

    He added that his commission supports such move for its importance to the Iraqi economy.

    The Central Bank of Iraq, earlier, announced that cancelling the zeros is within a plan to develop monetary policies in the country.

    One of the difficulties facing is Iraq is withdrawing 30 trillion Iraqi dinars from Iraq’s market at the present time and to replacing it with new currency.

    Earlier, the ministry of finance ruled out the idea of cancelling the zeros in 2013 because the federal budget was based on the current currency.


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    ron-man
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    A smart Attorney Najib:-currency switch when you delete the three zeros are not necessary to legisla Empty Re: A smart Attorney Najib:-currency switch when you delete the three zeros are not necessary to legisla

    Post by ron-man Fri May 03, 2013 3:45 pm

    What I see here is that if you borrowed 1'000'000 dinar,and the zero's were removed to lower money,then you would still owe 1'000'000 dinar.In this you would never get out of debt.ever.If I am wrong please forgive an unwise man and explain.Thanks.
    csd9013
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    A smart Attorney Najib:-currency switch when you delete the three zeros are not necessary to legisla Empty Re: A smart Attorney Najib:-currency switch when you delete the three zeros are not necessary to legisla

    Post by csd9013 Fri May 03, 2013 5:18 pm

    LMBO... Just like in the United States.

    ron-man wrote:What I see here is that if you borrowed 1'000'000 dinar,and the zero's were removed to lower money,then you would still owe 1'000'000 dinar.In this you would never get out of debt.ever.If I am wrong please forgive an unwise man and explain.Thanks.

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