################ Economic Parliamentary exclude the existence of government intervention policy of "central" patient request "delete the zeros"

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################ Economic Parliamentary exclude the existence of government intervention policy of "central" patient request "delete the zeros"

Post  Admin on Mon Jan 07, 2013 8:25 pm



Post Admin on Mon 14 May 2012 - 16:48


Economic Parliamentary exclude the existence of government intervention policy of "central" patient request "delete the zeros"

BAGHDAD / Baghdadiya News / .. Parliamentary Economic Commission ruled that there is political interference policy of the Central Bank of Iraq and beyond
Government's request to wait to delete the zeros in the project, considering it a requirement of the requirements phase through which the economic reality in Iraq.

A member of the Economic Commission Mahma Khalil L / Baghdadiya News / "ruled out that there is government intervention in the policy of Central Bank of Iraq after its demand to slow down in the project to delete the zeros as much as to be a requirement of the requirements phase through which the economic reality in Iraq," in particular there is a "higher large exchange rate of the dollar against the dinar. "

Khelil said "There is a target of the Iraqi dinar by the regional countries in the region and the goal of the executive branch is to maintain the structure of the currency and on the income of the individual and not the high inflation rate in the state."

And Khalil, "The Economic Commission held several meetings and consultation sessions with the Central Bank to consider the priorities of the project to bring out the decision to the full and comprehensive consultation and consensual cope with the requirements of the current phase aimed purely economic."

He pointed out that "the central bank set a date for the implementation of the project in 2013 in response to linger requested by the government, there is no problem that delayed six months or a year to the necessities of economic alia, considering the level of living of the individual and not to encroach upon the Iraqi market and rising inflation," In the previous period "occurred a rise of inflation And now dropped by 4-6 per ten. "

He pointed out that "Iraq has recently become countries that drive away foreign currency, we find a rise in the dollar against the Iraqi currency because of smuggled from Iraq

What is the reason of damage to a wide range of citizens, so it must be present to give priority to the stability of the Iraqi dinar against foreign currencies. "

Khalil noted that "the project not the result of today there are funds allocated for this project, which is equipped with the machines and prepare a cadre of international companies have the possibility to print the currency in a manner to prevent any attempts to warping.



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Re: ################ Economic Parliamentary exclude the existence of government intervention policy of "central" patient request "delete the zeros"

Post  Admin on Mon Jan 07, 2013 8:31 pm

Deletion of zeros from the currency early 2013

Post Admin on Tue 15 May 2012 - 8:21
Wow this looks like the format of how they are going to remove the 3 zeros



Date: Tue 05/15/2012 16:53



Revealed the parliamentary finance committee on Tuesday that the deletion of zeros and replacing Iraqi currency Seetman early January 2013, as pointed out it will start printing the new currency in various categories in September.

A member of the Finance Committee Haitham Jubouri that "the month of January of next year 2013 will see the deletion of three zeros and the replacement of the currency," adding that "as of next September 2012, will be the direct printing of new currency in different categories."

The Jubouri that "the process of replacing the old currency will continue to a full year to be the withdrawal of the old in full within the first six months of the year 2014," noting that "delete three zeros and replace it from would be afterbirth on the stability of the Iraqi currency and reduce the demand for hard currency."

He Jubouri that "the Iraqi Central Bank dispelled all concerns relating to money laundering and forgery during the process of replacing the old currency El Jadida," explaining that "a device has a special anti-money laundering."

The Jubouri that "the reform of the currency management from the heart of the Central Bank and the deletion of zeros is a function of the strategy," stressing that "the Finance Committee of the Parliament supports the policy of the Iraqi Central Bank in this direction."

And the General Secretariat of the Council of Ministers, on April 12, 2012, a decision to wait in the application of the process of removing zeros from the national currency, which had to stop all procedures relating to the operation mentioned until further notice.

According to some economists that Iraq is ready for the time being to delete the zeros of the Iraqi dinar, pointing out that this step you need to stabilize the security and political, as well as economic stability.

The Central Bank of Iraq announced, in January 2012, its intention to put a big three categories of the Iraqi dinar, including 200, 100 and 50 dinars after deleting three zeros from the currency, while pointing out that the process of replacing the currency will take two years.

And the foundations of the Iraqi Central Bank as a bank independent under the law issued on the sixth of March of 2004, as an independent body and is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and management of foreign reserves and the issuance of currency management, as well as to regulate the banking sector to promote the system financial competitive and independent.


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Re: ################ Economic Parliamentary exclude the existence of government intervention policy of "central" patient request "delete the zeros"

Post  Admin on Mon Jan 07, 2013 8:52 pm

Central Bank: the deletion of zeros from the country of Iraq will be transferred trillions to billions

Post Admin on Tue 29 May 2012 - 12:04


Tuesday 29 May 2012 11:00 GMT
Deputy Governor of the Central Bank of Iraq the appearance of Mohammed Saleh

Sumerian News / Baghdad

Central Bank of Iraq, Tuesday, that the deletion of zeros from the currency of the country will be transferred from the country of billions to trillions, while stressing that the project still needs the approval of Parliament and the Iraqi government.

The deputy governor of Central Bank of Iraq the appearance of Mohammed Saleh in an interview for "Alsumaria News", "project to delete three zeros from the Iraqi currency will move Iraq from the country of trillions to the country of billions, so Iraq will move from number 10 to the 12 to 10 to the 9" .


Saleh added that "the project is different from the issuance of a new currency which entail not only the deletion of three zeros from the Iraqi currency, but delete the three places a calculation of the Republic of Iraq, which starts from the budget of the family and ending with the general budget of the State", stressing that "the project infrastructure of incomplete Bosasha and concepts of the bank. "

Saleh pointed out that "the project is a logical scientific economic importance lies not only reduce the amount of currency, but also reduce the computational reproduction, which would reduce the operational risks because of the large numbers and the large number of errors resulting from it."

He noted the benefit that "the project in spite of its importance, it needs to be approved by parliament and the government and the Central Bank of Iraq to its success through the formation of a joint committee and have the power to the resolution fixing the date and time of deletion of zeros," noting that "everyone agrees to the deletion of zeros, but they are skeptics of time and the date of deletion in addition to the bank's ability to this project. "

A member of the Finance Committee in the House of Representatives Haitham Jubouri in May 15, 2012 to January of next year 2013 will see the deletion of three zeros and the replacement of the currency, as will next September 2012, the direct printing of new currency in different categories.

The central bank accused in the (12 September 2011), government bodies obstructing the monetary reform and vowed persecuting, blaming the authorities responsible for exposing the financial interests of the country to danger.

The Iraqi Central Bank Governor Sinan Shabibi independent bodies during a meeting with Prime Minister Nuri al-Maliki, which was held, in (June 19, 2011), his willingness to create all supplies to replace the Iraqi currency.

It is noteworthy that some economists believe that Iraq is ready for the time being to delete the zeros of the Iraqi dinar, pointing out that the deletion needs to be a security and political stability as well as economic stability.


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Re: ################ Economic Parliamentary exclude the existence of government intervention policy of "central" patient request "delete the zeros"

Post  Admin on Mon Jan 07, 2013 9:10 pm

*****Ziggurat and the bridge of the most prominent imams connotations in the new currency

Post Admin on Wed 20 Jun 2012 - 14:01
Okay they are letting us know possibly what pictures are going to be on the Currency and how long the process is going to take to remove the old Dinars out of Circulation!

BAGHDAD - My Day

The Central Bank of Iraq's adoption of certain monuments and pictures to be developed on the currency's new after deletion of zeros and said authors of the Central Bank is entitled to the Directorate General for the issuance and cabinets posted on some Web sites, "which included currency notes a number of monuments and pictures the most important, put a picture to bridge the imams and the magnitude of the significance high value and said: This is dedicated to the highest class of the new currency a category (200) dinars two hundred dinars, and on the back of this paper developed a school of the Baghdad and placed on the face of the category (100) dinars, hundred dinars, pictures of the Azwaip in Baghdad, one of the areas of ancient which was set up by the suspension bridge and appears in the image building of the Iraqi Central Bank, in addition to the building of the University of Baghdad, is the oldest scientific institution in Iraq, while placed on the back of the paper image (ziggurat), one of the features of construction of Iraq at the dawn of history and place on the face of the paper of class (50 ) JD (fifty dinars) image of the King Codaa one of the most kings of the dynasty of Lagash II (King XII), a God of growth and fertility, while the back of the paper have included a picture of Fort Ukhaydir a Fort archaeological dates back to the era of the Abbasid and forts defensive unique in a deserted area, such as those built where is located the fort to the south-west of the city of Karbala and the central bank said: that in the face of the banknote (25) dinars (twenty five dinars) was developed, the image of King Hammurabi receiving the law.

either the back of the paper have included a picture of a peasant from Iraqi Kurdistan contribute with men in the preparation of the field of agriculture and continued: put on the face of the banknote (10) JD (ten dinars), a dinar, the Arab-Muslim, while the back of the paper has developed a picture of the lighthouse Hadba in Mosul, one of the landmark development of excellence in our beloved Iraq ..

either category (5) JD (five dinars) was placed on the face of her paper image of a waterfall entirely on Beck in Kurdistan, a reference to the state's interest in water and its sources in addition to the interest in tourism and the environment either the back of the paper has developed a picture of a palm Iraq, a sign of a property for each land of the vast from southern Iraq to the north and the central bank said in his book: in line with the best applications and international experiences, he decided to stop the basic parameters of the currency notes of the categories (25000,10000,5000) JD Almtdolh now as it is in the new series (25,10,5) dinars in order to the public ground with them as imprinted in his memory and the bank said that he put on the aspects of coins map of Iraq and highlights where the Tigris and the Euphrates, and the center of the map a circular area to install the coin mineral, while the other side of the coins have included, first class (2) BD, the image for (Monastery of Saint Matthew), a historical site and my soul is located in the north of Iraq, and taken by the Iraqis of different sects and religions shrine to seek blessings and tourism. in included category (1) BD image are inspired from the fact the displacement of Kurds Faili prepared the design and the Ministry of Culture. has been developed on the category ( 500) fils image to meet the modern river Euphrates, and was intended to highlight the importance of water and means of storage and organization in Iraq, and on the category (250) fils putting pictures to fill Kut on the Tigris River, for the same purpose, and put on a category (100) fils, a picture of a lion Babylon, symbol of the power and vigor of the nation of Iraq. and put on a class (50) fils a picture of the palm, the symbol of Mesopotamia. and class (25) fils a picture of the Ishtar Gate in memory of great Iraqis and the Finance Committee of parliament has revealed that the deletion of zeros and replacing Iraqi currency Seetman early January 2013, as pointed out it will start printing the new currency in various categories in September next and said a member of the Finance Committee Haitham Jubouri that "the month of January of next year 2013 will see the deletion of three zeros and the replacement of the currency," adding that "as of next September 2012, will be direct printing of new currency in various categories and Jubouri that "the process of replacing the old currency will continue to a full year to be the withdrawal of the old in full within the first six months of the year 2014,"
noting that "delete three zeros and replace it from would be afterbirth on the stability of the Iraqi currency and reduce the demand for foreign exchange and draw Jubouri that "the Central Bank of Iraq has squandered all concerns relating to money laundering and forgery during the process of replacing the old currency El Jadida," explaining that "a device has a special anti-money laundering

The Jubouri that "the reform of the currency management from the heart of the Central Bank and the deletion of zeros is a function of the strategy," asserting that "the Finance Committee of Parliament to support the Iraqi Central Bank's policy in this direction


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Re: ################ Economic Parliamentary exclude the existence of government intervention policy of "central" patient request "delete the zeros"

Post  Admin on Mon Jan 07, 2013 9:21 pm

Finance Committee: will be deleted zeros from the Iraqi currency early next year

Post Admin on Tue 3 Jul 2012 - 15:32


| On 2012-07-03 | Author Farah Assem-Tai Log In
اللجنة المالية :سيتم حذف الاصفار من العملة العراقية مطلع العام المقبل

BAGHDAD / electronic integrity


Confirmed that the parliamentary finance committee that it will delete the zeros of the Iraqi currency early next year, noting that the project has been studied thoroughly and in detail of the central bank.



A member of the Committee Najiba Najib's newspaper "integrity of electronic" Today, the committee concluded that the central government and the legislature must be sober supportive of the project and that the preparations of the CBI continues and that the beginning of next year Sabda work delete the zeros and there are preparations and wide to provide the budget in 2013 to Finance Committee in the Parliament the new currency.



She noted that the deletion of zeros will be for two years and that the government banks will be a place to change and take the old currency and replace currency El Jadida and will have several advantages which will be a coin a large Iraqi equivalent of $ 180 As for the new currency with a category about 50 dinars and 100 dinars and 200 dinars and 250 dinars, and in addition to the new currency will be issued in accordance with the Constitution of the Arab-Kurdish language in English and there will be symbols reflect the civilization of Mesopotamia from Zakho to Basra, Iraqis are proud of them.


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Re: ################ Economic Parliamentary exclude the existence of government intervention policy of "central" patient request "delete the zeros"

Post  Admin on Mon Jan 07, 2013 9:54 pm

Central Bank: the project to delete the zeros from the currency in mid-2013, contrary to the monetary policy

Post Admin on Mon 23 Jul 2012 - 7:52

23/07/2012 11:13
BAGHDAD / Center Brief for the Iraqi Media Network - The Central Bank of Iraq that the proposed deletion of zeros must be the beginning of the year, not in the middle because that would cause a problem in the accounts of the state.



The deputy governor of the Central Bank of the appearance of Mohammed Saleh (Center Brief for the Iraqi Media Network) that "the project to delete the three zeroes from the Iraqi currency needs a new financial period, because all accounts start the new currency may be registered books accounting currency different from the work recorded the beginning of the year ".



He added that "the start delete the zeros from the currency in mid-2013 is a proposal came from members of the Finance Committee in the House of Representatives but the central bank held talks on the proposal and found that the project may not start in the middle of a new financial year."



The Finance Committee asked the Central Bank formally switched to wait in the currency in January of 2013 and be replaced in the middle of next year in the month of July next until there is more study by the officials to change them. "



Central bank announced earlier that the project to delete the three zeroes from the Iraqi currency will be transferred from country to country Alterionat billions. "



It is noteworthy that some economists have opposed the project to delete the zeros of the Iraqi currency because the country is poised at the present time for this project. "


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Re: Central Bank: the project to delete the zeros from the currency in mid-2013, contrary to the monetary policy

Post Admin on Mon 23 Jul 2012 - 15:46
Central switch warns of the date the project to delete the zeros


07/24/2012 0:00

BAGHDAD - Al Sabah
The Central Bank of Iraq that the proposed deletion of zeros must be the beginning of the year, not in the middle because that would cause a problem in the accounts of the state.

Deputy Governor of the Central Bank of the appearance of Mohammed Saleh (Center Brief for the Iraqi Media Network) that »the project to delete the three zeroes from the Iraqi currency needs to the new fiscal year begins because all accounts the new currency may be registered accounting books are different from the currency exchange which recorded the beginning of the year «.

He added that »the start delete the zeros from the currency in mid-2013 is a proposal came from members of the Finance Committee in the House of Representatives but the central bank held talks on the proposal and found that it may not start the project in the middle of a new financial».

And demanded that the Finance Committee formally the central bank to wait changing money in the month of January of 2013 and be replaced in the middle of next year in the month of July there will be even more of a study by the officials to change them ».

Central bank announced earlier that the project to delete the three zeroes from the Iraqi currency of the country will be transferred from one country to billions Alterionat ».

It is noteworthy that some economists have opposed the project to delete the zeros of the Iraqi currency because the country is poised at the present time for this project.


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