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Received via email at 9:22 AM EDT for publication. ~ Dinar Chronicles Like Crimea in Ukraine, Kurdistan decided last minute to hold refe...

Monday, June 26, 2017

"No Bells and Whistles" - Mon. AM TNT Thoughts/News

TNT

NetGlobal:

Article: “deletion of zeros project will be implemented in early 2017-reprinted 6/26 paper “According to Frnk26, the deletion of the zeros has been done as of las​t week.

Pearle:

Net that is one of the best print I have seen, next to the liberation piece.

NetGlobal:

Yes Pearle, Franks26 says the deletion of the zeros is done. MG also agrees. I hope they are correct.

Pearle:
Everything should be in place. They have been anticipating liberation since January

Lilypad:
Yes Pearle--requiring the security and stability in Mosul to keep the funds from getting in ISIS hands….. Net-Pearls--actually the CBI has been ready a long time.

NetGlobal:
We should get the liberation announcement this week. big step forward

Lilypad:
CBI following the plan that is in place and agreed upon by the IMF with much support. This is why their banking system is so advanced and has won the awards

Yep Net--the RV could have happened long ago. The second branch of the CBI is located in Mosul. Mosul was like the Capital of ISIS. It was for the good of the World to make it more difficult for them to get the funds. Not only Iraq's decision.

Fuze:
Liliy and Net, you're both correct about CBI being ready, in fact the technical stuff has been done.. I still beleive the final touches has been the reconciliation.. every step , HCL, amnesty , liberation all leads to the key reconciliation which equal RV ,

Lilypad:
If any of you have been following the articles on Recaps, the arabic spread sheet shows the second zero dropped on June 12. CBI is following IMF plan of 90 days to drop the zeros. That leaves July 12th to drop the third zero. If Irag is allowed to drop it earlier, they want to do it during EID for their citizens. We are all aware of the price adjustments that have being done to compensate. It is like they are keeping two sets of books.

That article coming out from the central bank in the press today is a good indicator to me that we will see the third zero dropped this week. All IMO

It is my belief that when that third zero is dropped----BOOM! The wait will be over…. No bells and whistles--Just CBI in Iraq taking care of business--another day---just like the first two zeros have been dropped.

NetGlobal:
So Lilly, they have no deleted the 3rd zero yet but they could at anytime?

Lilypad:
Net--that is what is showing on the arabic side of the CBI spread sheets. Abadi wants to give a gift to the Iraqi people for EID. Also they must drop that third zero to get the exc. (escrow) June 30 So Lilly, they have no deleted the 3rd zero yet but they could at any time?

There has to be a reason for the article to be published today. IMO (See article below)

Netglobal:
OK Lilly, thats what I have been hearing. This could be the week then…. Lilly, I didnt know that Iraq must drop the 3rd zero in order to get the escrow. I thought that was going to happen anyway

Lilypad:
deletion of zeros project will be implemented in early 2017-reprinted 6/26 paper


The reprint of this article from the Governor of the Central Bank appeared in the June 26, 2017 article.-----Lilypad.

Tomorrow Press / Baghdad confirmed the governor of the Central Bank of Iraq, on Thursday that the deletion of zeros project will be implemented in early 2017, indicating that the bank began to develop the first steps of the project.

Keywords and said for "Tomorrow 's Press", said that " the goal of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor for foreign currency", returned him as " a strategic project that will serve the country 's economy."

"The bank is working on the mechanisms used towards the implementation of this project is expected to start by the beginning of 2017 , " noting that " the central bank began the first steps of the project by selecting the designs and companies and the country in which it will be printed currency."

He noted that " the launch of the new currency does not mean the destruction of the old currencies , but it will continue to trade to about ten years , " pointing out that "this period will enable the central bank to withdraw the old currency in accordance with the mechanisms will maintain market liquidity."

The Finance Committee in the former House of Representatives revealed, (2013 August 15), for the postponement of the process of deleting zeros from the currency until after the next parliamentary elections, while confirming that the government is demanding guarantees for non - substituent currency back to the markets and forge.

The Central Bank of Iraq confirmed, in (April 25, 2013), that there is no intention at the present time to restructure the currency and the deletion of three zeros of them, denying reports that in this regard.

It is noteworthy that the General Secretariat of the Council of Ministers announced (April 12, 2012), wait for the application of the process of deleting zeros from the national currency, which had to stop all procedures related to the process mentioned until further notice.

It is noteworthy that some economists believe that Iraq is not ready at present to delete the zeros from the dinar, noting that the deletion needs to be a security and political stability as well as economic stability.

https://www.alghadpress.com/ar/news/32797

Tishwash:
it's good to see that they reposted and I think this is the updated part:

“while confirming that the government is demanding guarantees for non - substituent currency back to the markets and forge.”

But i could be wrong too at any rate I'm glad to see them reposting this at this time

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