WaymakersKid » November 7th, 2016
BUT the new rate would still come out now and float up to be ready for the budget implementation then and they will still use the old currency bills for 10 years until all have been picked up from the streets and the world.
They just aren't quite ready to show that new rate yet....maybe tomorrow? lol
IMO This has to be an old article that is being run again because: noting that "the central bank began the first steps of the project through the selection of designs, companies and the country in which the currency will be printed."
It has a picture of the lower denom 10 Dinar bill so they are way past picking designs and a country to print them LOL. The bills are sitting on pallets ready to distribute like we've been told for months now.
I believe this is either a reminder of why they are doing it or a misdirection of timeline.
Just like the news now showing the editing of the same villages south of Mosul that they showed weeks ago. Round and round we go.....when it will stop we are about to know!
Don961 » November 7th, 2016
Date: November 6, 2016
Will the implementation of the project because it involves a large economic benefits.
The central bank to delete the zeros in early 2017
1. Iraqi dinar inclusion within the global currency basket and handle it officially the world's stock exchanges and financial markets.
2. The possibility of economic agreements to handle the national currency as it can Iraq contract agreements Order dinars instead of dollars when the contract to build two production lines deals or deals Stirad goods and this will cover a very large part of the foreign remittances that are squandering of national wealth from foreign exchange.
3. Adjust the transaction allows dealing in Iraqi dinar in the Iraqi market and not rely on foreign and squandered currencies and Bosrtha transfer abroad by the private and public sector, which is the sovereign wealth dissipated to the outside on small transactions and non-essential and luxury in Iraq at the time need this wealth of storage as a reserve.
4. will be disposed of manipulating the currency exchange market and completed the so-called auction sell the currency, "" burning oven dollar. ""
5. work will depend corrupt suspicious of banks and their agents and Smaserthm "" contractor and investor cartoons "
6. will be determined by the roof top of the amounts transferred abroad of currency the dollar, euro, yen and sterling and the yuan's exchange-active and other pound to ensure that no smuggling the vast majority of trades of currency smuggling.
He said the Iraqi Central Bank Governor said the project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project.
And he said: "The purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency", returned him as "this strategic project will serve the country's economy if it will be inclusion of the Iraqi dinar in the global basket of currencies in the vital world exchanges."
He added that "the Bank is working on mechanisms for the implementation of this project is expected to start at the beginning of 2017," noting that "the central bank began the first steps of the project through the selection of designs, companies and the country in which the currency will be printed."
He pointed out that "the new currency entry does not mean the destruction of ancient coins, but will continue to trade for about ten years," pointing out that "this period will enable the central bank to withdraw the old currency in accordance with the dynamics and mechanics in order to preserve liquidity in the market."