THIS IS GREAT NEWS!
From another forum.
[BondLady] Experts claim citizens of small currency and Central undertakes to replace damaged Date: Saturday 30-07-11 12: 20 pm Baghdad (News)/report/Hussein Faleh/... Economists called on citizens to deal with a small currency in support of the Iraqi dinar, in exchange of the citizen and the Bank accepts no responsibility for circulation in the market, while the Central Bank pledged to replace damaged currency. A number of experts speaking (News News Agency) today, few of these groups led to the fact that some vendors to increase the price of the article sold. Director of Rafidain Zia added in a statement to a reporter (News Agency news) Saturday: Iraqi banks full of small currency category (250, 500, 1000), but the absence of Sweeper by citizens and even staff led to accumulation, noting that State refuses to receive paid services, estimated at billions of small currency even proportion (5%) Of them.
[BondLady] He added: the small coins in the Iraqi market is virtually missing but are available at banks and large. According to General Manager of Rafidain Bank when it comes to salaries (inlaid) with small currencies are us complaints by citizens and employees, therefore we are forced to spend large currency salaries only. From the Central Bank Adviser, said the appearance of Mohamed Saleh told reporter (News Agency for news) Saturday: this small currency from banks was not returned to the Central Bank until new currency noudaha, noting that banks receive large currency only because few quantities and costs counted and sorted the simplest, this is why we must restore Iraqi currency structure to delete three zeros from the currency.
[BondLady] He Mohammed Saleh: we have set aside a day of the week lnstkobl of small currency banks damaged noudaha modern categories without any cost, noting that the Central Bank stands ready to provide the banks with any amount of small coins. We said if they have been compensated by small groups of banks, there was no need to print intermediate currencies with category (2000, 3000) dinars. He said if there were an average work, this does not mean that the Iraqi currency will strengthen but merely a means to facilitate the payment currency. The mineral groups if we are to make it easier to work with a lot of things that big old extends to more than 15 years. With the Chairman of the Board of Directors of the Bank the economy need to Hussam Obeid returns coin as it was previously in place to strengthen Iraqi dinars.
[BondLady] Added on: small currency acceptable to the Iraqi market, if the value is planning to make the dinar value against the dollar and this is through the printed coins to strengthen Iraqi currency. Said Mohammed Jabbar (retired): most banks conduct US currency salaries with small groups and contains a lot of damaged banknotes so that each can only be dealt with and rejected by the vendors. As explained by ' Ali (Abu Husam) that a few small groups in the local market that generates major embarrassment when you buy any material which leads to the fact that the seller to increase the price of article sold./finished/8 r. Eng. http://www.microsoft...view_17340.html
[BondLady] this is a great article
[BondLady] and very telling to us imo
[player46] BondLady ..Yessum..you read my mind..
[BondLady] let me pull some parts of it out for us
[BondLady] Iraqi banks full of small currency category (250, 500, 1000), but the absence of Sweeper by citizens and even staff led to accumulation, noting that State refuses to receive paid services, estimated at billions of small currency even proportion (5%) Of them. He added: the small coins in the Iraqi market is virtually missing but are available at banks and large. According to General Manager of Rafidain Bank when it comes to salaries (inlaid) with small currencies are us complaints by citizens and employees, therefore we are forced to spend large currency salaries only. From the Central Bank Adviser, said the appearance of Mohamed Saleh told reporter (News Agency for news) Saturday: this small currency from banks was not returned to the Central Bank until new currency noudaha, noting that banks receive large currency only because few quantities and costs counted and sorted the simplest, this is why we must restore Iraqi currency structure to delete three zeros from the currency.
[BondLady] see people are turning in these denoms but holding onto the big 000 notes imo
[BondLady] so this is basically tellin us they have plenty of the 250 500 and 1000 notes in the banks
[BondLady] said these denoms werent returned to the cbi to be destroyed
[BondLady] and wouldnt be till the new currency comes out
[BondLady] this small currency from banks was not returned to the Central Bank until new currency noudaha, noting that banks receive large currency only because few quantities and costs counted and sorted the simplest, this is why we must restore Iraqi currency structure to delete three zeros from the currency.
[BondLady] this is why we must do the currency restructure
[BondLady] to help in buissness transactions etc
[BondLady] we have set aside a day of the week lnstkobl of small currency banks damaged noudaha modern categories without any cost,
[BondLady] theve set aside a day of the week hmmmmmm
[BondLady] wonder which day
[BondLady] and is it a day of the week and not a weekend again hmmm
[BondLady] to bring all ur currency in to be exchanged for the new? and to replace damaged currency
[BondLady] as some places were charging the citizens for takeing there damaged or torn currency to trade it in for undamaged money
[BondLady] the banks would trade it without a cost
[BondLady] but the average iraqi is so clueless about some things
[BondLady] it allows almost any 1 to take advantage of them
[BondLady] so the cbi will set aside a day of the week to do these exchanges
[BondLady] next part
[BondLady] noting that the Central Bank stands ready to provide the banks with any amount of small coins.
[BondLady] so they have the coins
[BondLady] stands ready to provide
[BondLady] Directors of the Bank the economy need to Hussam Obeid returns coin as it was previously in place to strengthen Iraqi dinars.
[BondLady] to strengthen the iraqi dinars
[BondLady] to make the dinar stronger?
[BondLady] that would imo include the rate
[BondLady] make a stronger exchange rate for the dinar by releasing the coins
[BondLady] otherwise the coins would be of absolutley no good use at all
[BondLady] bout like the 50 iqd as it stands today
[BondLady] barely worrth a penny if that
[BondLady] or maybe 5 cents
[BondLady] so bringing the coins has to be a great telling piece of info as it would serve no purpose at all to release them an would imo only make the people mad who had to carry them
[BondLady] as the rate right now of 1170 what good would it do other than to make change because of taxes basically
[BondLady] small currency acceptable to the Iraqi market, if the value is planning to make the dinar value against the dollar and this is through the printed coins to strengthen Iraqi currency.
[BondLady] see what im sayin
[BondLady] if the value is planning to make the dinar value against the dollar and this is through the printed coins to strengthen Iraqi currency.
[BondLady] most banks conduct US currency salaries with small groups and contains a lot of damaged banknotes so that each can only be dealt with and rejected by the vendors. As explained by ' Ali (Abu Husam) that a few small groups in the local market that generates major embarrassment when you buy any material which leads to the fact that the seller to increase the price of article sold.
[BondLady] people are embarressed to use the 250 500 an 1000 as it stands
[BondLady] as they have to carry pocket fulls just for small transactions
[BondLady] when they release the lower denominations
[BondLady] wonder what the embarrassment level would be then if there wasnt a new rate attached to the ld's
[BondLady] and now we kinda know because there setting up a exchange day thru the week
[BondLady] for people to come an exchange there torn or lower denom currency for the new lower denominations is such a good an telling move
[BondLady] i trully believe we are so close to the release of the ld's and the coins as i do believe there all ready to go
[BondLady] this was really a great article
[BondLady] i have 2 more to bring real quick
[BondLady] heres the next 1
[BondLady] Take three zeros and stay tuned for results Is the Monetary Authority in Iraq led by the Iraqi Central Bank to raise three zeros from the currency in circulation and the objective they say curbing inflation and reducing prices and disposal of large cash blocks. This action or the experience of several States, according to economists. Just launch permit this kind of news making citizen watching cautiously many stakeholders and owners of money questioned the impacts that may result from this action (delete the zeros). ALA has supposed dealer Haidar's supposed owner also 100 million dinars says ALA: How do I accept 100,000 dinars from Hyderabad if delete three zeros?.Click all or most of us recognize that our weak economic culture where never understood all that deleting zeros will not affect commercial transactions or journal of debts and other this will lead to the result to an escalating balance of litigation in the courts inevitably in time complaining about the many cases of the courts and delayed by the shortage of judges this little known fact, that's one of the effects that may result from deleting zeros. Therefore it requires a high-level awareness plan to address such conflicts and understand citizen previously non-damage by deleting zeros and this requires a programme of work and sufficient time for maturing the idea that it is the duty of the ECB definitely before the start of the deletion procedures.
[BondLady] One expert stressed me responding to my question about the potential effects of delete zeros that Turkey has gone through this experience, allowing time to dealing and trading in currencies simultaneously and a long period of time until all segments of society, there is no harm in deleting zeros. find optimal experience in addressing social problems and RID courts of voluminous cases assumed this hand on the other hand, this procedure is gradually breaking price emerged that may try to Rise as a result of this procedure. A fact that must not be forgotten that a number of officials were firing randomly media statements without pre-planning or knowledge and expertise of the economic effects which may result from the national economy's harm Arafat or unknowingly therefore reiterate the case to the stakeholders to the need to develop a programme to curb the large displays for long periods of time before the announcement of a delete zeros in order to cope with all possibilities or effects that may result from deleting zeros for de-authorization officials without clarifying tell them enough required you optimistic rhetoric and obvious compassion With the economy recovering weasana that have benefited
http://www.microsoft...px%3Fid%3D16355
[BondLady] this is about raising the 000 off the currency
[BondLady] to curb inflation
[BondLady] to remove the big amounts of the 000 that are in the market places and in iraq as a whole
[BondLady] they needed to remove the majority out of circulation an destroy them thru the cbi
[BondLady] it doesnt matter the currency we hold
[BondLady] the important part is getting the 000 notes out of the market places etc in iraq
[BondLady] by doing this this also adds value to the iqd
[BondLady] supply and demand
[BondLady] as ive said before
[BondLady] even if all the rest of the world held the new lower denominations it wouldnt matter at all
[BondLady] the thing that does matter is when we see the lower denominations and coins in the hands of the iraqi people
[BondLady] then and only then should we see a real and valid exchange rate imo
[BondLady] weve always said except for the lopsters which im totally not into a lop
[BondLady] that when we see the ld's we see a new rate also
[BondLady] and in the last article
[BondLady] they talk of a day of the week for exchanges
[BondLady] awsome
[BondLady] next article brb
[BondLady] CBI begins assessment of private banks throughout the country 30/07/2011 13:21 Baghdad, July 30 (Rn) - Deputy Governor of Central Bank of Iraq, Saturday, the Bank began to assess the work of 27 private banks throughout the country. The appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the Iraqi Central Bank began to assess the performance of 27 private banks according to the CAMEL system, which depends on capital and Assets, deposit, liquidity and banking services provided by private banks." He added, "Field Inspection Section at the Directorate General for the banking and credit control will take on the responsibility for evaluation and follow up the performance of private banks, which get a grade 1, it means at the top levels of its ability to provide banking services."
[BondLady] He pointed out that the "degree of 2 means the value of banking transactions and a very good degree and 2B and the degree of 2B1 just a very good score and grades 4A and 4C and 4C2 means alone and needs to review its performance." And the Iraqi Central Bank announced on July 6, 20 private banks began to work according to the electronic clearing system, stressing that there are efforts to introduce government banks in this system. The World Bank allocated 10 million restructuring Dolarlaadh Iraqi government banks and activate the electronic dealings. Announced earlier in the unit re-Hiklhalmassarv that Iraqi unit has been extended to banks for one year because of security concerns. Iraq had decided in early 2006 and the restructuring of banks in order to get rid of the heavy debt. The Ministry of Finance of Iraq for its efforts over the next year to develop an integrated plan to develop e-government banks and financial relations in the activation of this aspect. The Iraqi government is still limited in its financial transactions on the banks approved by the government by 85%. And called on the Ministry of Finance earlier in the Iraqi Central Bank to take firm action in granting licenses for the establishment of private banks. http://translate.goo...m%2Far%2Faknews
[BondLady] so this kinda fits with the other 2 articles huh
[BondLady] the assessment of the private banks
[BondLady] make sure there up to par
[BondLady] to be able to handle what is about to happen to there new money there economy and there country
[BondLady] all the new projects
[BondLady] iraq is quickly turnin into the oil boom town and new places homes stores buissnesses all types of things are being built daily
[BondLady] people and companys and big money are pouring into iraq from all over the world
[BondLady] the new frontier
[BondLady] kinda like when america began
[BondLady] the new frontier where u can go and find sucess
[BondLady] live the american dream so to speak
[BondLady] but in iraq as the world flocks to try to make there fortunes in iraq an take part of there infrastucture and the rebuilding of there country
[BondLady] the banks have to be ready to handle all of whats about to happen to iraq
[BondLady] an the cbi is on it there ready past ready imo to bring on the ld's ready to change the lives of the iraqis ready to finally be able to be proud of there money
[BondLady] so am i *Laugh out Loud*
[BondLady] hope this all helped and hope ive been accurate
[BondLady] ty all for letting me bring these articles to u and give u all my opinon
[frtlnrblues] BondLady one question
[BondLady] drops the mic an walks off
[player46] We have been waiting on those coins!! WOOOHOOO!!! Thank you BL!!!
[redwing] BondLady --Excellent!!!--you are Rockin!!!
[BondLady] ok frt
[BondLady] tyvm red
[bullymomma] TY
[BondLady] yqw player
[dogznova] Great Chat BL....
[BondLady] yqw bmom gm too
[Shredd] very nice BondLady
[BondLady] tyvm dn
[BondLady] tyvm shredders
[seashell1] BondLady gm and ty ty
[frtlnrblues] BondLady is that one day.....just one day, or a certain day a week for a period of time?
[BondLady] gm seas an yqw hun
[redwing] frtlnrblues --wondered the same
[frtlnrblues] BondLady GM by the way
[BondLady] did u read the same article i did frt? *Laugh out Loud*
[BondLady] gm to u frt
[Shredd] BLC: The tip of the spear of dinar news!!!
[frtlnrblues] BondLady did get to it passed by to fast, when I just got on!
[BondLady] i cant make stuff up on it *Laugh out Loud* i wished i knew the day of the week i dont iw ish i knew how long it was gonna take i dont
[COSMO] BondLady good morning and blessings to u our Lady! tyu for all u do
[dogznova] So through the week for them means... Sun throu Thurs ?
[BondLady] all we know kinda is it said it would pick a day of the week didnt say weekend
[irvman] good morning
[cranster] BondLady thanks, you even cheered up my cantankerous self this morning
[irvman] cranster what did i miss? give me the news!
[BondLady] gm cos and tyvm hun
[frtlnrblues] BondLady OK....just can't see them doing this in country in just one day and teach the people!
[BondLady] yes dn
[BondLady] fri an sat is weekend to them
