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BatmaninIraq
05-23-2015, 12:27 PM
Calls for the implementation of the parliamentary Finance deletion of zeros instead of issuing large categories
23/05/2015
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BAGHDAD / JD / .. the parliamentary finance committee demanded, the central bank is implementing a project to delete the three zeroes from the currency, rather than issuing new editions of major categories.

A member of the committee MP Abdul Qader Mohammed Omar told / JD /: "The central bank plans to issue new editions of major categories of 50 000 dinars and 100 dinars for, while the project to delete the three zeroes from the currency delayed its implementation until further notice."

He added: "The project to delete the zeros is the best of the issuance of new editions under the current circumstances", calling for the implementation of deleting three zeros to restructure the local currency and to reduce the money supply in the country,

oldskiier
05-24-2015, 01:46 AM
LOL.... Told you ! ..... This was dated today ... Iraq weekend.... probably happen Sunday !! LOL

BatmaninIraq
05-24-2015, 08:20 AM
Parliamentary Finance: Central Bank did not Esicarna

on the subject of the issuance of new categories of the coin did not call for the deletion of zeros Baghdad / Baghdad Uz..cdt the parliamentary finance committee, said on Saturday that the Iraqi Central Bank has not consulted that the subject of the issuance of new categories of the coin, denying its claim to the bank to delete the zeros of the currency. The committee member said Sarhan Ahmed Sarhan in an interview with / Baghdadi News / “The Central Bank is looking forward to the issuance of new categories (50 and 100) thousand dinars, but the bank so far has not consult our committee,” noting that “a resolution printing new categories needs to be a thorough study , to know the possible dangers on the Iraqi economy in the event of the issuance of this currency and its impact on the auction sale of the dollar. “ “The Finance Committee did not discuss the bank’s decisions to issue new categories for not being invited, but the same time ask the study of any decision taken by the Central Bank of special currency”, adding that “the committee did not ask the Bank formally deletion of zeros from the currency.” Sarhan said that “the deletion of zeros from the currency a major operation and can not be approved in a short period.” The central bank announced earlier that it will issue the categories (50 and 100) thousand new currency, while specialists warned of the impact on the Iraqi economy and the auction sale of the dollar.

BatmaninIraq
05-25-2015, 08:53 PM
50, 100 Dinars a first for the deletion of zeros from the currency

May 24, 2015

A member of the parliamentary finance: issuing categories 50, 100 Dinars a first for the deletion of zeros from the currency He said the parliamentary finance committee member Masood Haider, said the central bank’s intention to issue two categories of 50 000 dinars and 100 000, is a first for the removal of zeros from the Iraqi currency.

Haider said in a press statement that “the subject of issuing currency of the fifty-class Alpha and the hundred thousand dinars, has been studied for more than two years, as the experts at the central bank they choose category type protection where and so on.”

He added that “this step is a a preliminary to remove zeros from the Iraqi currency in the coming years “, adding that” these two categories will facilitate the deliberation process of the Iraqi dinar exchange for hard currency. ” said Haider said “

the project to delete the zeros still exists, and the central bank decided to issue fifty-class Alpha and the hundred thousand, and will be their experience and the study of how to deal with them in the Iraqi market. ” He said that “the allocation for the printing of Iraqi currency of the new budget, will work to remove the zeros in the coming years.”

The Iraqi Central Bank earlier announced its intention to issue new editions in both categories of the 50 000 dinars and 100 000 dinars.

oldskiier
05-25-2015, 09:24 PM
LOL.... Told you ! ..... This was dated today ... Iraq weekend.... probably happen Sunday !! LOL



So sounds like they will print 50,000 notes and 100,000 notes then delete the zeros.... so still using the same notes.... they just spend the 50,000 note like a 50 dollar bill...??? and so forth..... hence the "LOP" ..... jmho :) then they don't have to do a complete reprint right now....but will over the coming years..??