1-23-2012 Guru Med
The stages of the deletion of zeros
He added: "The role of the Finance Committee in the House of Representatives is mainly carried out only on the detailed mechanism and delete the zeros, indicating that the Committee met with the Governor of the Central Bank has been the study of deletion of zeros Bjanabih negative and positive."
He said: "The detailed explanation by the Central Bank, dispelled the fear of inflation, washing and financial fraud, asserting that" the existence of agencies and committees are able to control these problems that occurred. "
Ok this explains where we are at it seems right now.....I will take it apart so you can understand.....The stages of the deletion of zeros from the currency are divided into three phases:
First phase: Lasting six months to provide services printing. This is over by the statements of CBI and are officially in Phase II
Click "Read More" on the right to get the full scoop : )
While the second phase: The introduction of two currencies at the same time, and will last six months to pull the old currency and the survival of the new currency. So with this explanation by the Parliamentary Finance Committee...we right now are going to see the new currency in the Phase we are in right now and the new exchange rate.....
GOP says to (08:10:23):
rowboat says to (08:10:51):
guardian says to (08:10:57):
"the new exchange rate"!
snowflake says to (08:10:59):
GOP says to (08:11:01):
Yes Yes yes!!!!
38CABO says to (08:11:12):
btw i am fine with a change in the exchange rate
GOP says to (08:11:48):
did not need coffee to wake me up!!
Med says to (08:12:07):
A NEW RATE OF EXCHANGE HAS TO BE MANDATORY OR THEY WILL HAVE THE SAME ISSUE AS WHEN THEY HAD ISSUED THE 25DINAR COIN
THE NEW DENOMS CANNOT BE 1166 TO 1 USD
38CABO says to (08:12:37):
Med says to (08:12:45):
THE RATE OF EXCHANGE HAS TO BE ADJUSTED
IMMEDIATELY OR ACTUALLY LIKE THEY SAID ONE WEEK BEFORE
AND IF THEY EXPECT IT TO TAKE ONLY 6 MONTHS TO RETRIEVE THE OLD CURRENCY
THEY MUST HAVE RECOVERED A TREMENDOUS AMOUNT ALREADY OF THE LARGE DENOMS
REMEMBER TOTAL DEBT AND CREDITS DOES NOT MEAN IT IS ALL CURRENCY
FROM THE NEW ESTIMATES
IT IS DOWN TO A MINIMAL AMOUNT OF THE CURRENT LARGE CURRENCY IN LIQUIDITY AS IN HARD CURRENCY
AND THIS IS THE ONLY CONCERN FOR CBI
WHAT IS OUT IN HARD CURRENCY
38CABO says to (08:15:04):
how many iraqis ever had a large bill ??? i guess not many
Med says to (08:15:32):
ALSO IF THERE WAS A WORRY THAT TWO RATES WOULD BE USED...I THINK THE MESSAGE WAS ALREADY SENT BY CBI
IF THIS WAS TRUE AND WE NOW ARE IN PHASE II
WHICH IS WHEN THE NEW DENOMS WILL BE OUT
ALONG WITH THE CURRENT
TO COEXIST FOR 6 MONTHS
THERE WOULD BE ABSOLUTELY NO REASON RIGHT NOW TO MAKE EVEN A PIP ADJUSTMENT
ON THE CURRENT RATE OF EXCHANGE
WHEN THE TWO ARE OUT TOGETHER
YOU I BELIEVE AS ALL IS STATED
WILL STILL ONLY SEE THE ONE RATE ON CBI'S PAGE
FOR THE DINAR