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  1. #1
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    Talking 07-14-2014 DINAR NEWS!! with FULL OF HOPE (ALL IN)

    14-07-2013 07:23 AM


    Baghdad (newsletter). Chairman of the economic information center said Dergham Mohamed Ali, the Iraqi dinar currency becomes desirable handle internationally after the departure from Iraq of the provisions of Chapter VII of the UN.

    He Mehmet Ali (News Agency): to exit Iraq from Chapter VII would make the Iraqi currency internationally accepted and more broadly than it is currently, where previously accepted regionally and in States that have tourists.

    He continued: but the range will expand to increase transactions and increasing international openness as long as there is a blanket guarantee in foreign currency for domestic currency.

    He added: there is no direct link between the departure of Iraq from Chapter VII and the dinar exchange rate exchange rate linked to the domestic factors, linked to the management of monetary policy in the country through the auction and supply and demand and the effectiveness of speculators influence, in addition to the impact of lower inflationary shocks.


    Just asking, do they say NEW IRAQI DINAR here? so the current dinar will be tradeable internationally lol....


  2. #2
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    Parliament and Finance Committee Support Revalue of Iraqi Dinar

    by Investors Iraq News





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    The Iraqi Parliament and the Finance Committee support the Central Bank of Iraq (CBI)’s efforts to revalue of the Iraqi Dinar through the removal of three zeros from the currency, according to a report from AKnews.

    The CBI has announced that it has finalized plans to remove three zeros from the Iraqi currency in order to revalue it. The smallest unit of the current Iraqi current is 250 Iraqi Dinars which is equivalent to $0.20.

    The removal of three zeros is expected to raise the value of the Dinar as well as facilitate dealing with the currency and the payroll system in the country.

    The Iraqi government and the securities committee have raised concerns that the process will negatively affect the Iraqi stock market.

    A member of the Finance Committee, Najeeba Najeeb, told AKnews that “there is a trend in the attitude of the legislative authority to support the CBI to restructure the Iraqi currency and remove three zeros by early next year”.

    “This subject is starting to become more significant for the Finance Committee members and the Economic Committee day after day … though the preparations by the CBI to implement the process are ongoing, they are not complete yet”

    According to Najeeba, the process of removing the zeros from the Iraqi Dinar will be implemented over a period of two years through governmental banks. Also, the new currency will include small bills and coins as well as large bills equaling about $180 each.
    (Source: AKnews)

    Source:
    Iraq-BusinessNews.com.

  3. #3
    Supporter and Investor! haggisbasher's Avatar
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    Hey Jimbo this is good news,looks like they were planning this last year,
    hope This is the end of the ride,SOON.
    wish they would just do it.

  4. #4
    Supporter and Investor! haggisbasher's Avatar
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    Also it would help the existing Iraqi Government officials to stay in power,
    Could be a special EID Fatah this year in Iraq after Ramadan.
    I think this is now getting nearer to the big event,

  5. #5
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    Hard to comprehend, they don't even know their own currency.

    "The smallest unit of the current Iraqi current is 250 Iraqi Dinars which is equivalent to $0.20."

    50 Dinar bill is the smallest. 25 Dinar coin (not in circulation)
    "A man only learns in two ways, one by reading, and the other by
    association with smarter people." --Will Rogers

    "We're all ignorant, just on Different Subjects." --Will Rogers

  6. #6
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    They have a new shopping mall, guess they can go and enjoy cool air.
    "A man only learns in two ways, one by reading, and the other by
    association with smarter people." --Will Rogers

    "We're all ignorant, just on Different Subjects." --Will Rogers

  7. #7
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    Quote Originally Posted by haggisbasher View Post
    Hey Jimbo this is good news,looks like they were planning this last year,
    hope This is the end of the ride,
    SOON.
    wish they would just do it.
    Haggisbasher, I hope your right! I just hope we're able to get a hold of the new denominations before the revalue of the Dinar. The 25000.00 note doesn't look to promising when they talk about implementing the new currency and removing the 3 zero's from the old currency. It would be nice to trade in (old currency) for dollar to dollar value at todays rate / before reval. Something we all should take note in.

  8. #8
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    Wow this answers my question...

    Parliamentary Finance: 2013 will see a circulation of two currencies at the same time

    by Investors Iraq News


    Published on 06-27-2012 06:34 PM Number of Views: 541



    Parliamentary Finance: 2013 will see a circulation of two currencies at the same time drew the Finance Committee, the parliamentary that Iraq will see trading currencies at the same time over the next year 2013 of the circulation of the new currency afterdeletion of zeros with the survival of currency trading current throughout the year in question.

    A member of the Finance Committee Hassan Salman’s (Center Brief Media Network Iraq) that “the central bank operates in more than six months from now on the position of the deletion of zeros from the Iraqi currency and current which will apply from next year.”

    He pointed out that “the Finance Committee informed and in constant contact with the central bank governor and his aides, who learn about the Finance Committee and hold the details of this issue and the process of replacing the current currency the new currency will continue over the next year.”

    He said, “will end up dealing in the currency the current beginning of 2014 and this process will lead to strengthen the Iraqi currency fluctuations, especially after the Iraqi dinar exchange rate against the U.S. dollar in recent times. “

    And that “currency adjustment will benefit the Iraqi economy and will facilitate the handling of cash in the country by reducing the money supply in circulation now, which Tkdrbhawwala 30 trillion dinars.”


    Read the entire article at IraqDirectory.com

    Post your thoughts below...

  9. #9
    Supporter and Investor! haggisbasher's Avatar
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    The Iraqi meaning of a introduction of a new Iraqi currency could mean FIL coinage 1000fils= 1 IQD.as well

  10. #10
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    for share holders this is outstanding news because either way a boom is on the horizon... just sayin...
    I'm not giving up till i'm successful. Iraq is an investment that will make us millions however it might take time. Click here to Laugh Click here to get Scared Know any good stocks? PM me the Symbol. Genius STUDY MY LIFE IT WILL MAKE YOUR RICH>>HERE<<

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