Home
First topic message reminder :
Did you witness the next year the process of deletion of zeros from the Iraqi currency?
11/12/2013
Ali Abdul-Hussein
Still the proposal to delete the zeros from the Iraqi currency suffers push and pull, between supporters see in this step of great importance by reducing the size of the enormous mass of cash in business dealings as well as improve the reputation of the Iraqi currency, Opponents believe that they have carried with it serious risks to the Iraqi market, both at both the near and long term.
Newspaper (public opinion) has decided to discuss the issue of old to learn new opinions about it, it was the following tours:
Economic expert Majid picture talked to us on the subject, saying, "restructuring the currency is not only the deletion of zeros only, but rearrange the nominal value in addition to the use of small groups and large in order to reduce the cost of trading in the Iraqi market," adding that "such a move would draw price policy is best. "
He pointed to the picture that the process of deletion of zeros from the currency and restructuring contain problems include the pros, but very large, as he put it.
In turn regarded as the economic expert Antoine process of lifting the zeros from the Iraqi currency it has become an urgent need to reduce the numbers and deal with a big paper currently in place.
Said Antoine in an interview (public opinion), "the process of deleting the zeros will ease restrictions on banks as it will reduce the use of the dollar in the Iraqi market," adding that "the deletion of zeros will contribute significantly to reducing errors in the figures calculations as is happening now when dealing in this currency being considered large blocks of cash. "
He pointed out that the process of deletion of zeros from the currency will bring monetary sovereignty to the Iraqi currency in the trading process, as he put it.
It unlikely for an economist Munir Abdullah that the process of deletion of zeros from the Iraqi currency at the beginning of the year 2014, it's more likely for the end of next year.
Abdullah said in an interview (public opinion), "there is a problem in the mechanism to deal with the subject of lifting the zeros by the authorities concerned in the matter, who was born some sort of delay in the process of completion so far," he said, adding that in case there is an administrative good port capable process will delete the zeros smoothly and naturally. "
Abdullah pointed out that taking into account the time necessary to resolve such proposals so the fact that the market and the movement of trade affected by the actual, as he put it.
The Finance Committee has confirmed that 2014 will see the deletion of zeros from the Iraqi currency, indicating that the deleted will be in coordination with the Central Bank.
Said committee member Abdul Hussein al-Yasiri that "the process of deletion of zeros from the national currency will begin during 2014, through an agreement with the central bank," noting that "this project will lead to reducing the proportion of the national currency in circulation from four billion to one billion."
He added that "the size will be reduced to a quarter and this will enhance the value and easy to transport," noting that "fraud or manipulation of currency cash, it will be very difficult."
The CBI decided to modify the timing of the start of the implementation of the restructuring of the Iraqi currency and delete the zeros of them, stressing that it completed the bulk of the action, among that put the new currency in circulation should be the beginning of the calendar year in which it is decided to begin implementation and not through it.
The bank said in a statement issued recently received (public opinion) copy of "The CBI was briefed on reports that refer to the postponement of the implementation of the restructuring of the Iraqi currency and deleting three zeros of them," stressing that"the requirements of coordination and cooperation between us and the legislative and executive branches have led to modify the timing of the start of implementation. "
He said the central bank that "This project is important for our country and our economy and society," adding that he "completed the bulk of the action on the implementation of the project."
Between the bank and the need to "put the new currency will be in circulation at the completion of print must be the beginning of the calendar year in which it decided to begin implementation and which is not."
[You must be registered and logged in to see this link.]
Did you witness the next year the process of deletion of zeros from the Iraqi currency?
11/12/2013
Ali Abdul-Hussein
Still the proposal to delete the zeros from the Iraqi currency suffers push and pull, between supporters see in this step of great importance by reducing the size of the enormous mass of cash in business dealings as well as improve the reputation of the Iraqi currency, Opponents believe that they have carried with it serious risks to the Iraqi market, both at both the near and long term.
Newspaper (public opinion) has decided to discuss the issue of old to learn new opinions about it, it was the following tours:
Economic expert Majid picture talked to us on the subject, saying, "restructuring the currency is not only the deletion of zeros only, but rearrange the nominal value in addition to the use of small groups and large in order to reduce the cost of trading in the Iraqi market," adding that "such a move would draw price policy is best. "
He pointed to the picture that the process of deletion of zeros from the currency and restructuring contain problems include the pros, but very large, as he put it.
In turn regarded as the economic expert Antoine process of lifting the zeros from the Iraqi currency it has become an urgent need to reduce the numbers and deal with a big paper currently in place.
Said Antoine in an interview (public opinion), "the process of deleting the zeros will ease restrictions on banks as it will reduce the use of the dollar in the Iraqi market," adding that "the deletion of zeros will contribute significantly to reducing errors in the figures calculations as is happening now when dealing in this currency being considered large blocks of cash. "
He pointed out that the process of deletion of zeros from the currency will bring monetary sovereignty to the Iraqi currency in the trading process, as he put it.
It unlikely for an economist Munir Abdullah that the process of deletion of zeros from the Iraqi currency at the beginning of the year 2014, it's more likely for the end of next year.
Abdullah said in an interview (public opinion), "there is a problem in the mechanism to deal with the subject of lifting the zeros by the authorities concerned in the matter, who was born some sort of delay in the process of completion so far," he said, adding that in case there is an administrative good port capable process will delete the zeros smoothly and naturally. "
Abdullah pointed out that taking into account the time necessary to resolve such proposals so the fact that the market and the movement of trade affected by the actual, as he put it.
The Finance Committee has confirmed that 2014 will see the deletion of zeros from the Iraqi currency, indicating that the deleted will be in coordination with the Central Bank.
Said committee member Abdul Hussein al-Yasiri that "the process of deletion of zeros from the national currency will begin during 2014, through an agreement with the central bank," noting that "this project will lead to reducing the proportion of the national currency in circulation from four billion to one billion."
He added that "the size will be reduced to a quarter and this will enhance the value and easy to transport," noting that "fraud or manipulation of currency cash, it will be very difficult."
The CBI decided to modify the timing of the start of the implementation of the restructuring of the Iraqi currency and delete the zeros of them, stressing that it completed the bulk of the action, among that put the new currency in circulation should be the beginning of the calendar year in which it is decided to begin implementation and not through it.
The bank said in a statement issued recently received (public opinion) copy of "The CBI was briefed on reports that refer to the postponement of the implementation of the restructuring of the Iraqi currency and deleting three zeros of them," stressing that"the requirements of coordination and cooperation between us and the legislative and executive branches have led to modify the timing of the start of implementation. "
He said the central bank that "This project is important for our country and our economy and society," adding that he "completed the bulk of the action on the implementation of the project."
Between the bank and the need to "put the new currency will be in circulation at the completion of print must be the beginning of the calendar year in which it decided to begin implementation and which is not."
[You must be registered and logged in to see this link.]
» utube 11/2/24 MM&C Report-Iraq 3 Presidents-National-Constitutional Entitlements-Open Market Operati
» With the document.. Cancellation of the suspension of the agricultural plan in the Iraqi "breadbaske
» Economist criticizes government's neglect of tourism, agriculture and dependence on oil
» Al-Sudani: The development path will be an artery linking most countries in the region
» Parliamentary bloc: Popular Mobilization Forces retirement law ready for voting
» Al-Kadhimi: Financial costs and government insistence will force Americans to withdraw militarily
» Parliamentary Committee Rejects Inclusion of Public Money Thieves in Amnesty Decision
» Al-Mashhadani directs to resolve differences over draft laws before submitting them to Parliament
» Emaar: Launching the housing loan application form in early 2025
» Parliamentary Health: The environment needs 2.6 billion dinars to operate air purification stations
» Al-Sudani: We faced major challenges in implementing the “Greater Iraq” project
» Iraqi Ports reveals in numbers the percentage of completion in the Grand Faw Port projects
» More than $300 million.. Central Bank sales increase in today's auction
» Faw Port prepares to receive the first commercial ship
» Service Effort of {Sabah}: Completing all projects with high implementation rates before the end of
» Government agency for digital transformation
» Parliamentary Committee: Final version of the National Day Law
» Al-Imar to {Sabah}: Launching the housing loan application form at the beginning of 2025
» Iraq looks forward to a new phase after Trump's victory
» Training workshops to help the unemployed in Kirkuk
» Nineveh to open oncology hospital in early 2025
» Service Effort: Completion of all projects that exceeded 80% completion rates.
» Parliamentary Health: The environment needs 2.6 billion dinars to operate air purification stations
» Transportation: 20 public transport lines to be launched this month
» Al-Emaar to {Al-Sabah}: Launching the housing loan application form in early 2025
» The most prominent achievements of Al-Sudani's government in the youth care and sports sector files
» Planning: The percentage of women in the workforce does not exceed 13 percent
» Baghdad is the capital of Arab tourism
» Calls to revive 35,000 idle factories
» Al-Sudani: The Grand Faw Port is Iraq's largest project
» Parliamentary Foreign Affairs Committee to NINA: This is what is delaying the selection of the list
» Parliamentary lawsuit to challenge the contract with the International Finance Corporation
» Minister of Justice issues directive regarding foreign lawsuits file
» How will Trump's victory affect Iraq?
» State Administration Coalition holds meeting with Al-Sudani and Al-Mashhadani in attendance
» Formation of the regional government.. How much influence does the new US administration have on the
» Al-Sudani announces the receipt of the five berths that represent the backbone of Al-Faw Port
» Despite its global rise... Iraqi oil returns to the red zone
» Iraq Counts on the Grand Faw Port, and an Expert Says: It Will Change the Economy - Urgent
» Rafidain Bank expands comprehensive banking system to include 48 branches
» "The reference" indicates the seriousness of the situation... and the political forces "shuffle the
» Criminal wanted by Iraqi judiciary.. Rashid and Al-Sudani’s congratulations to Trump spark widesprea
» State Administration Coalition holds meeting with Al-Sudani and Al-Mashhadani in attendance
» Parliamentary Security and Defense: There are “fake” security companies run by “suspicious” figures
» Fares Issa meets the Czech Ambassador to Iraq
» Al-Sudani issues several directives to lift the ban on Iraqi Airways
» Makkia: Iraq is heading towards a major investment marathon
» Al-Fatlawi: The population census enumeration and numbering process exceeded 98% throughout Iraq
» Ministerial Council: Talk of using Iraqi territory as a launching pad for false pretext attacks
» Türkiye: Our relationship with Iraq is witnessing positive development and we are keen to strengthen
» Basra Gas Company announces the return of production and export operations to normal
» Former Minister Reveals “Exciting” Details Concerning Leaks... What’s the Story of the Electronic Fl
» Al-Sudani receives the five berths of Al-Faw Port from the Korean company
» Implementation of judicial memoranda of understanding on the table of the meeting between Faeq Zidan
» List of dollar prices in Iraqi markets today, Thursday
» It will include smaller areas and eliminate the sponsor.. Insistence on legislating the “Housing Fun
» Prime Minister: We are facing a new Iraq and the path of development will be an artery linking most
» Completion rates have increased fivefold in two years.. “Amazing” information and scenes from Al-Faw
» Central Bank: Importance of cooperation and money transfer to facilitate trade with Azerbaijan
» Iraqi Businesswomen Council: A safe environment to support women’s entrepreneurship and develop skil
» Economist: The value of the dinar will decrease and the financial deficit will increase
» American website: Iraq's budget suffers from a deficit of $49.3 billion
» Good news for journalists and writers.. The "financial grant" will be launched on this date
» Iraq is the third Arab country in gold reserves
» Wanted by Iraqi judiciary.. An "Iraqi-American" diplomatic crisis with Trump's victory in the US pre
» Central Bank of Iraq sells more than $280 million in auction today
» Trump's victory... will it be a lifeline from the "judicial guillotine"?
» After winning the presidential race, Trump talks about a “strong mandate”
» Al-Sudani chairs meeting with IATA delegation
» Central Bank Governor stresses need for cooperation to facilitate trade with Azerbaijan
» utube 11/6/24 Donald Trump's full victory speech
» Deep State Confronted by Trump.. Will Elon Musk Lead America, the World and “Mars”?
» Alsumaria Noon Bulletin Files: Trump's Victory and Objections to the General Amnesty Law
» Parliamentary bloc explains reasons for demanding extension of legislative term
» Al-Sudani discusses with an international delegation lifting the ban on Iraqi Airways
» Axios: Washington warned Baghdad that Israel may attack Iraq if it does not prevent the Iranian atta
» Trump declares victory in US elections: I will not start wars, but I will end them
» Parliamentary Foreign Affairs: Trump is wanted by the Iraqi judiciary, but the country's interest co
» "Al-Eqtisad News" publishes the full decisions of the Cabinet session
» Bitcoin Hits All-Time High in Early Trading
» Iraq tops the list of countries importing Arab products related to construction activity
» 2025 Strong national economy and sound banks
» Government stresses the need to secure petroleum derivatives for energy production
» Anbar: The second phase of the electricity connection with Jordan has reached its end
» Iraq's gold holdings rise to more than 152.5 tons
» Al-Alaq stresses to Azerbaijani ambassador the importance of cooperation in transferring money to fa
» 7 decisions on the general population census
» The world awaits the new US president
» Sudanese demands stopping the Zionist aggression
» Wasit: Distribution of seeds among farmers with a support rate of 70 percent
» Trade: Central markets {hypermarkets} to officially open in 2025
» Civil Service Council: Controls for appointing land donors
» Baghdad Municipality: Measures to avoid damage from oil spills in the Tigris
» The Board of Trustees discusses a number of topics related to developing the work of the media netwo
» Sovereign guarantees boost labor market
» Mazhar Saleh: No impact of oil price drop on operating budget
» Iraq's share in the IMF
» Trump's "Historic" Victory: World Leaders Congratulate Him