This sounds like an older article but republished with the rate...in any case it sounds great to me!
ticky
CBI Rate 3.33
Sun May 08, 2011 12:55 pm
http://www.babnews.com/inp/view.asp?ID=38753
Translated:
Delete the three zeroes from the Iraqi currency
Sabih Al-Hafiz
"we aspire to adopt the CBI and economists project that aims to raise the value of the Iraqi dinar to its previous value to return is equal to (3.33) U.S."
see article below for this quote
Posted 08/05/2011 10:00 AM (That's 5-8-11 for us)
Term
From time to time ask the CBI idea of raising three zeros from the Iraqi currency, and announced that he is nearing completion on finalizing the drafting of the law to regulate the process of lifting to be sent to the Council of the Prime Minister and then to the House of Representatives to decide whether there is a need to raise three zeroes from the Iraqi currency or not, as was confirmed a senior official at the Monetary Authority that the Council of Representatives is the author of the recent decision in this regard.
Says the Iraqi Central Bank Consultant: The project will organize a mechanism for lifting the three zeroes for the advancement of the value of local currency in circulation, external and internal economic , And the project was considered a strategic project aimed at reducing inflation experienced by the Iraqi market, The Ministry of Finance announced last February that the deletion of zeros from the local currency will liberate the Iraqi economy from the constraints and enhance the value of the Iraqi dinar in the World Bank Fund.
We believe that the project raise three zeroes from the Iraqi currency is the glory and not raise the value of the Iraqi dinar and will add when applied to the problem of several other dimensions to the many problems that afflict the Iraqi economy deteriorating, and this problem is the confusion and disorganization of the market in buying and selling and debt among the citizens, as well as confusion mental state that will plague the Iraqi people as a result of the emergence of a new phenomenon requires the intellectual and psychological stress of the back and accepted.
On the other hand requires the project and before applying Stamping small denominations of the currency represents parts of the dinar, which will be worth a penny, note that the SEC this small change would cost the state large sums of money, then the project does not enhance the value of the Iraqi dinar ((says the Ministry of Finance)) where it will remain worth as it is ((if offered equal amounts of other equal results are equal)).
In a different Central Bank of Iraq that the process of removing three zeroes from the local currency is a complex process and need to study the extensive economic, Also He adviser to the CBI we have to deal with this issue cautiously and carefully as it may cause economic problems in the event of rush or do anything else confuses economic situation in Iraq.
And we say to guard and to pay the occurrence of such problems, see better and more useful to put the project on Iraqi public opinion with an invitation for specialists in economics to indicate their opinion and familiarity with it before sending it to the prime minister and parliament.
And promises to start see the futility of the project - as we believe - it does not lead to raise the value of the Iraqi dinar, we aspire to adopt the CBI and economists project that aims to raise the value of the Iraqi dinar to its previous value to return is equal to (3.33) U.S. $ Through a package of measures and bold decisions, the first review of the operation import wrong and reduced to the extent necessities, as the import open wide to drain the excess foreign currency and deposited with the Central Bank of Iraq in support of the Iraqi currency, and not put up for sale through auction for those wishing to by traders Iraqis to cover Astiradathm of goods, as well as the review in order to reduce public expenditure to the State and its departments in regards to import furniture is expensive, they can be obtained from the local market, which encourages and supports the sector of local industry and create jobs for the unemployed, also support the development of the agriculture sector by helping farmers seeds and agricultural machinery to increase production of agricultural crops.
There are also other things To support the Iraqi currency, including: reducing operations Aliivadat staff and make it only for the purpose of training and development
ticky
CBI Rate 3.33
Sun May 08, 2011 12:55 pm
http://www.babnews.com/inp/view.asp?ID=38753
Translated:
Delete the three zeroes from the Iraqi currency
Sabih Al-Hafiz
"we aspire to adopt the CBI and economists project that aims to raise the value of the Iraqi dinar to its previous value to return is equal to (3.33) U.S."
see article below for this quote
Posted 08/05/2011 10:00 AM (That's 5-8-11 for us)
Term
From time to time ask the CBI idea of raising three zeros from the Iraqi currency, and announced that he is nearing completion on finalizing the drafting of the law to regulate the process of lifting to be sent to the Council of the Prime Minister and then to the House of Representatives to decide whether there is a need to raise three zeroes from the Iraqi currency or not, as was confirmed a senior official at the Monetary Authority that the Council of Representatives is the author of the recent decision in this regard.
Says the Iraqi Central Bank Consultant: The project will organize a mechanism for lifting the three zeroes for the advancement of the value of local currency in circulation, external and internal economic , And the project was considered a strategic project aimed at reducing inflation experienced by the Iraqi market, The Ministry of Finance announced last February that the deletion of zeros from the local currency will liberate the Iraqi economy from the constraints and enhance the value of the Iraqi dinar in the World Bank Fund.
We believe that the project raise three zeroes from the Iraqi currency is the glory and not raise the value of the Iraqi dinar and will add when applied to the problem of several other dimensions to the many problems that afflict the Iraqi economy deteriorating, and this problem is the confusion and disorganization of the market in buying and selling and debt among the citizens, as well as confusion mental state that will plague the Iraqi people as a result of the emergence of a new phenomenon requires the intellectual and psychological stress of the back and accepted.
On the other hand requires the project and before applying Stamping small denominations of the currency represents parts of the dinar, which will be worth a penny, note that the SEC this small change would cost the state large sums of money, then the project does not enhance the value of the Iraqi dinar ((says the Ministry of Finance)) where it will remain worth as it is ((if offered equal amounts of other equal results are equal)).
In a different Central Bank of Iraq that the process of removing three zeroes from the local currency is a complex process and need to study the extensive economic, Also He adviser to the CBI we have to deal with this issue cautiously and carefully as it may cause economic problems in the event of rush or do anything else confuses economic situation in Iraq.
And we say to guard and to pay the occurrence of such problems, see better and more useful to put the project on Iraqi public opinion with an invitation for specialists in economics to indicate their opinion and familiarity with it before sending it to the prime minister and parliament.
And promises to start see the futility of the project - as we believe - it does not lead to raise the value of the Iraqi dinar, we aspire to adopt the CBI and economists project that aims to raise the value of the Iraqi dinar to its previous value to return is equal to (3.33) U.S. $ Through a package of measures and bold decisions, the first review of the operation import wrong and reduced to the extent necessities, as the import open wide to drain the excess foreign currency and deposited with the Central Bank of Iraq in support of the Iraqi currency, and not put up for sale through auction for those wishing to by traders Iraqis to cover Astiradathm of goods, as well as the review in order to reduce public expenditure to the State and its departments in regards to import furniture is expensive, they can be obtained from the local market, which encourages and supports the sector of local industry and create jobs for the unemployed, also support the development of the agriculture sector by helping farmers seeds and agricultural machinery to increase production of agricultural crops.
There are also other things To support the Iraqi currency, including: reducing operations Aliivadat staff and make it only for the purpose of training and development