Sunday, August 28, 2011

steps taken by the Central Bank on the reform of the currency system began to take a serious turn with regard to lifting the zeros from the Iraqi currency- not mine

Maytham Laibi Ship and the Sea of ​​the central authorities


It seems that the steps taken by the Central Bank on the reform of the currency system began to take a serious turn towards the application, particularly with regard to lifting the zeros from the Iraqi currency, or what is known as the nominal switch of the old currency (current) and change a new currency (in the near future).

This was confirmed to me slowly, and I follow this file since it was launched, and multiple Tagelath.

Recent developments that give signals that the countdown for the project has become the moments of peak recently, is that the recent meeting that brought together the Central Bank Governor; Shabibi, with Mr. Haider Abadi, the Finance Committee of the Council of Representatives, where they discussed what could be called the "touches the final project," and thank him that those discussions touched on the most important thing in this project and its details Kalmttlebatt legal, accounting and procedural preparations, and central printing and transporting and distributing the new currency.
Observation that struck me the most important and which prove that the project approval process as one of the phrase "reasons", which is usually a discussion on the approach of the final version of any law. What counted this time to central bank's relationship with the Council of Representatives is the general feeling relationship harmony that seem prevalent between them, a relationship we have lost the like between the central government, which turned out to be the intersection of the break and reached a peak of government's attempt to "disarm" the status of independence from the central.

Apparently, the "soft war" between the two are still going on, which can be found in the statements of the Central itself, where he as put the draft lifting of the zeroes to the parliament, confirms that "the new currency is expected to work out can not be falsified", while the Central the other hand, gives signals lined the need to "protect the local currency of the mafias specialized fraud" in the words of the official spokesman for the project raise zeros Mr. appearance of Mohammed Saleh, who asserts that "the Iraqi government claim to prosecute mafia currency trying to use the project to restructure the currency viscous scores of billions of counterfeit dinars, "which he stresses, explaining that" the economic security of allocated central government, not because he is drawing on monetary policy in the country.

The last can be cited in this regard that the central lead ship of the draft lifting of the zeroes on the rhythm of quiet, and rudder key for this ship is the inventory of game comments but "speaking" one exchange roles sometimes with the governor, a move that will be the main goal it to maintain not to spoil this project is sensitive, which may result in a tactical error which to provoke a wave of negative reactions on the entire project, a project that may have positive effects significant in the event of the command ship survived smoothly to safety, while the hurdles the project before its completion may be catastrophic and costly to the economy and the central and Characters.


Ship of the Central swim in the sea powers, will meet!

Maytham Laibi 



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