sczin11- Take a deeeep breath before you read this article...IMHO, THIS IS ACTUALLY GREAT NEWS! NO WHERE DOES IT STATE THEY WILL NOT RAISE THE VALUE OF THE DINAR...THEY CLEARLY DISTINGUIS BETWEEN THE DELETION OF THE ZEROES PROJECT, AND MONETARY REFORM... I BELIEVE THEY ARE STATING THEY DONT WANT TO MAKE DRASTIC CHANGES IN THEIR NOTES, AS THE SECURITY FEATURES ON THE NEW NOTES, IS HIGH TECH, AND UNTIL THEY CAN ELIMINATE ISIS, AND GIVE MORE FINANCIAL SECURITY TO THEIR PEOPLE, THEY WILL KEEP THEIR CURRENT MONEY IN PLAY...AGAIN, MONETARY REFORM CONTINUES. IN ADDITION, UP UNTIL NOW, WHEN THE CBI GOVERNORS OR FINANCE MP'S SPEAK OF THE CURRENCY MOVE, THEY STATE THE RAISING OF THE VALUE OF THE DINAR...HERE THEY TALK OF DELETION OF ZEROES AS AVREVALUATION OF CURRENCY...NEVER HEARD THEM STATE IT THAT WAY BEFORE! INTERESTING, AND TELLING IMHO...A BIG DISTINCTION BETWEEN THE TWO PROCESSES AND PLANS..
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A member of the parliamentary economy exclude deletion of zeros from the currency in the current year
Friday 0.02 2 December / January 2015 14:54
[Baghdad-where]
Excluded a member of the parliamentary economy, the deletion of zeros from the Iraqi currency in the current 2015.
Said Najiba Najib told all of Iraq [where] today that "there was a project and plan but not short-term," pointing out that "this plan can be implemented within two years or more."
Najib explained that "the main obstacle to this plan is the" security situation, which is currently gripping the country, "stating," We are waiting to take steps by the organization [OPEC] to limit the fall in oil prices. "
"The current currency is not commensurate with the economic crisis that hit the country," asserting that "the success of the process of deletion of zeros from the currency need to executive and legislative plans."
She noted that "the central bank alone can not implement this project but need to unite all the banks."
He economist Jamil Antoine said earlier that the deletion of zeros from the currency is a
currency revaluation structure,
and to alleviate the large digital accounts burden treasurers, and alleviate the burden of accountants in counting the transfer of numbers, "noting that" this is not the time to replace the currency, and that to the lack of security and economic stability in Albulad.anthy 2
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