JAMES MENDEZ DICE Q NO PUEDE HABER NUEVAS MONEDAS SIN RV !

http://www.iraqdinares.com/showthread.php?t=42983

Iraq Planning Currency Redenomination

February 06, 2010

BAGHDAD -- The Iraqi Central Bank is planning toredenominate the national currency in an effort to ease transactions and allow people to carry less paper money, RFE/RL's Radio Free Iraq (RFI) reports.

Mudhhir Muhammad Salih, a member of a Central Bank advisory panel, told RFI that a plan has been made to remove three zeros from the currency and phase out the current banknotes late this year.

Salih said by the end of 2010 the new banknotes will be fully introduced while the old banknotes will be gradually removed from circulation. He did not specify when the new notes would be issued.

Both will be legal tender in Iraq until the old notes are completely withdrawn.

Iraqi officials have had a long-running plan to redenominate the Iraqi dinar. In 2006, the Finance Ministry recommended to the Central Bank that it carry out such a plan.

Salih pointed out that banks are having a hard time accepting cash savings and deposits, but by dropping the zeros it will make it easier for both the banks to deal with their customers and for the general public to carry money. He said some 80 percent of Iraq's money supply is cash in circulation.

Salih added that in 1990 the value of banknotes in circulation was about 25 billion Iraqi dinars but is currently some 25 trillion dinars.

Economic analyst Hilal al-Tahhan told RFI that the bank's move is overdue. He said he expects the currency change to go smoothly because of the decision to allow both the old and new banknotes to coexist, leading to less turbulence in the economy.

The current exchange rate is 1,167 Iraqi dinars to the U.S. dollar.

http://www.rferl.org/content/Iraq_Planning_Currency_Redenomination/1950504.html

dinarespr wrote:

Shabibi NEGO la tema de los 3 cerosssssssss Gracias Shabibi....!!!Totalmente CONTRARIO que han dicho ustedes..Vean el video otra vez.......TOMAAAAA

SALUDOS JAMES,

SEGUN TUS COMENTARIOS, TU DICE QUE NO VA HABER "NINGUN LOP" PERO ESTAS ACEPTANDO QUE ACTUALEMENTE ESTA EN 0.0008600 Y CUANDO QUITEN LOS 3 CEROS SE CONVIERTE EN 0.86 !!!

LAS INTENCIONES DEL CBI ES CAMBIAR SU MONEDA PRIMERO POR MEDIO DEL RECOGIDO DE LOS BILLETES GRANDES:

"the Central Bank of Iraq announced their plans to redenominate the Iraqi Dinar to ease cash transactions. The intention would be to drop three zeros from the nominal value of bank notes; but the actual value of the dinar would remain unchanged. That would mean that 1,000 IQD (pre-redenomination) and 1 dinar (post-redenomination) would both be worth the same amount in US Dollars"

http://www.xe.com/currency/iqd-iraqi-dinar


A CAMBIAR SU MONEDA Y RECOJER LOS BILLETES DE ALTAS DENOMINACIONES EJ LOS DE 25000 Y REEMPLAZARLOS POR UN BILLETE DE MENOR DENOMINACION EJ. 25 ESO ES UN LOP !

LA PALABRA "LOP" ES UTILIZADO POR LOS BANQUEROS COMO TAL PERO SE REFIERE A LA PALABRA "REDENOMINACION" QUE SIGNIFICA CAMBIO DE MONEDA. REDENOMIACION Y LOP SON LAS MISMAS YA Q AMBAS SE REFIEREN A ELIMINAR, BORRAR, CUT, DROP CEROS DE LA MONEDA !

A DECIR LO ANTES MENSIONADO, MUCHAS PERSONAS SE BURLAN DICIENDO Q VAN A USAR "LIQUID PAPER" PARA BORRAR LOS CEROS, LO CUAL CONTRIBUYE A LA DESINFORMACION.

LEA ESTE ARTICULO COMO REFERENCIA :


Venezuela launches new currency to stem inflation

Wednesday, January 2nd 2008

Venezuela launched a new currency with the New Year, lopping off three zeros from denominations in a bid to simplify finances and boost confidence in a money that has been losing value due to high inflation.

http://en.mercopress.com/2008/01/02/venezuela-launches-new-currency-to-stem-inflation


OTRA MAS :

Zim to lop 10 zeros off currency

HARARE, ZIMBABWE - Jul 30 2008 11:45

Zimbabwe will re-denominate its dollar by removing 10 zeros from August 1, central bank Governor Gideon Gono said on Wednesday.

"The Zimbabwe dollar will be redenominated by a factor of one to 10, which means we are removing ten zeros from our monetary value. Ten billion [Zimbabwean] dollars today [Wednesday] will be reduced to one dollar with effective from August 1," Gono said in a television broadcast.

"The new currency will co-circulate together with the family of bearer cheques ... which shall cease to be legal tender on the December 31 2008," Gono said.

http://mg.co.za/article/2008-07-30-zim-to-lop-10-zeros-off-currency



LAS INTENCIONES DE SHABIBI ES REDENOMINAR SU MONEDA AKA LOP :

Si usted recuerda ... no habia un decreto del gobierno para agregar estos ceros. Esto sucedió debido a la evolución del desarrollo de la economía a principios de los años ochenta .... La inflación era muy alta ... La inflación era galopante y por lo tanto ... pequenas denoms empiezan a no ser el uso ... el gobierno comenzó a añadir los tres ceros .... y, por supuesto, las condiciones son diferentes ahora

"Así que ahora la situación es completamente diferente de ese momento, había una inflación alta, que tiene ahora una baja inflación, que había hecho algo que es una situación macroeconomía estable. En ese momento la situación no era estable. Así que la única manera de combatir todas estas cosas en el momento era aumentar la denominación y poner tres ceros."

"Creo que ... para traer de vuelta el dinar iraquí cuando se quiten los tres ceros .... Por supuesto, esto tendrá que ir de la mano con el control del tipo de cambio y todas las cosas esto, y ya veremos"

https://coquidinares.forumotion.com/t7377-audio-de-shabibi-con-analisis-de-coqui-desde-washington-dc-4-19-2011


SUERTE A TODOS !!!!

dinarespr wrote:

Coqui. I just don't see it that way. Iraq is too rich for it not to RV.......Lets wait til the end.

IF IRAQ IS TOO RICH, WHY ARE THEY LACKING IN SUPPLYING BASIC SERVICES TO THEIR PEOPLE LIKE WATER, SANITATION, MEDICINE, WORK, EDUCATION AND THE MOST IMPORTANTE, ELECTRICITY SERVICES ?

IT'S BEEN 8 YRS. AND IRAQ IS STILL UNDER RECONSTRUCTION !!

YES THEY HAVE MONEY BUT THEIR INFRASTRUCTURE HAS BEEN BADLY TORN APART SO MUCH THATS 8 YRS HAS PASSED AND LITTLE PROGRESS HAS BEEN MADE !!!

ANOTHER SBA HAS BEEN AGREED UPON TILL NEXT REVIEW BY IMF AND WITH THAT BEING SAID, THE PROGRAM RATE HAS ALSO BEEN EXTENDED !!!

ITS LOGICAL IF IRAQ IS UNDER THE PROGRAM RATE AND THEY DECIDE TO INTRODUCE NEW BANKNOTES AND COINS THERE WONT BE AN RV IN THIS PHASE OF ECONOMIC RECONSTRUCTION !!!!

WHY ???

BECUASE THEY ARE UNDER A PROGRAM !!!

GUESS IT'S BEST TO RELAY THIS INFO IN YOUR NEXT PROGRAM.

IT WILL HELP YOU OUT IN THE LONG RUN !!!!

JUST MY ADVISE !!!


BY THE WAY, NO SMOKE SCREENS HERE :


III. POLICY DISCUSSIONS

7. The discussions for the second review focused on speeding up Iraq’s reconstruction, including the rebuilding of key economic institutions, while maintaining macroeconomic stability. The authorities stressed that the new government will maintain the same direction of economic policies as its predecessor and that they will continue to press ahead with the policies agreed under the SBA. To underline their commitment to sound fiscal and monetary policies, and recognizing that the implementation of many of the structural reform measures will require more time given the still large capacity constraints, the authorities request an extension of the SBA through mid-2012.[/u]

B. Monetary and Exchange Rate Policy

14. The authorities remain committed to ensuring the independence of the CBI. A ruling by Iraq’s Federal Supreme Court also noted that while the CBI is part of the country’s executive apparatus, it is by law independent in its decisions and operations.

15. [u]The CBI will continue to aim at keeping inflation low, predominantly by maintaining a stable exchange rate. The low level and the relative stability of inflation do not suggest any significant over- or undervaluation of the Iraqi dinar. Also, a stable exchange rate continues to provide a solid anchor for the public’s expectations in an otherwise highly uncertain environment and in an economy with a very low level of financial intermediation. Meanwhile, the CBI will continue to keep its policy interest rate positive in real terms. To enhance mobilization of domestic financing, limitations on state-owned banks’ use of government deposits for investing in Treasury bills have been reduced, while the pension fund has also been allowed to invest in Treasury bills and to participate in auctions directly.


24. Staff supports the CBI’s policy of managing the exchange rate of the Iraqi dinar to keep inflation low. A stable exchange rate continues to provide a solid anchor for the public’s expectations in an otherwise highly uncertain environment. Over time, rising oil revenues could put upward pressure on the real exchange rate, which would warrant allowing greater exchange rate flexibility. Staff also welcomes the authorities’ continued commitment to safeguard the independence of the CBI, which is critical for maintaining confidence in the Iraqi dinar.


SHABIBI DICE LO SIGUIENTE EN SU CARTA DIRIGIDO AL FMI:

8. "The CBI will continue to be independent in the pursuit of its policy objectives. The CBI’s monetary and exchange rate policies will continue to be aimed at keeping inflation in the low single digits and safeguarding international reserves. We believe that the policy of maintaining a stable exchange rate continues to be appropriate, as it provides a solid anchor for the public’s expectations in an otherwise uncertain environment and in an economy with a still very low level of financial intermediation. The policy interest rate will be kept positive in real terms (measured against core inflation) to signal the CBI’s firm commitment to maintain a low rate of inflation."


3. For purposes of monitoring under the program (S.B.A), a program exchange rate will be used. This program exchange rate will be set at ID 1,170 per U.S. dollar. The program exchange rate will be used to convert into Iraqi dinars the U.S. dollar value of all CBI foreign assets and liabilities denominated in U.S. dollars, as required. For CBI assets and liabilities denominated in SDRs and in foreign currencies other than the U.S. dollar, they will be converted in U.S. dollars at their respective SDR-exchange rates prevailing as of December 31, 2010, as published on the IMF’s website.

http://www.imf.org/external/pubs/ft/scr/2011/cr1175.pdf

dinarespr wrote:

ok. Y ahora que.????? No lo van a subir como ellos han dicho....?

CLARO QUE SI PUEDEN SUBIR SU VALOR COMO HICIERON EN EL 2006-2008 PERO QUIEN SE CONVIERTIO EN MILLONARIO CON EL AUMENTO DEL 20% DE SU VALOR ? NADIE !!! Y SI SABES DE ALGUIEN ME DEJAS SABER !!!

LOS UNICOS Q SE HAN BENEFICIADO HA SIDO LOS DEALERS !!!

IGUAL VA A PASAR CUANDO CAMBIEN SU MONEDA DEBIDO A QUE ESO VA AYUDAR AUMENTAR SU PODER ADQUISITIVO !!!

PERO SEGUIRA SIENDO EL MISMO VALOR !!!!!

1170 = 1.170 IQD

0.00085 = 0.85 USD

25000 = 25

25 X 0.85 = $ 21.25 APROX

MENOS CEROS MISMO VALOR, PERO SU PODER ADQUISITIVO AUMENTO POR LA ELIMINACION DE LOS CEROS !!

Notice: IQD may be redenominated:

In 2010, the Central Bank of Iraq announced their plans to redenominate the Iraqi Dinar to ease cash transactions. The intention would be to drop three zeros from the nominal value of bank notes; but the actual value of the dinar would remain unchanged. That would mean that 1,000 IQD (pre-redenomination) and 1 dinar (post-redenomination) would both be worth the same amount in US Dollars. Although the announcement stated that the change would take place by the end of 2010, there has been no redenomination as of January 2011 and no further announcements have been made. As stated by the Central Bank of Iraq, their mandate is to "ensure domestic price stability and foster a stable competitive market based financial system." For more information about the redenomination, read "Iraq Planning Currency Redenomination."

http://www.xe.com/currency/iqd-iraqi-dinar







http://www.imf.org/external/pubs/ft/scr/2008/cr08383.pdf


BY THE WAY, EL CAMBIO DE MONEDA NO CONVIRTIRA A NADIE EN MILLONARIO



Iraq’s Central Bank mulling printing new currency

By Khayoun Saleh

Azzaman, July 15, 2011

Iraq’s central says the country is in need of a new currency in which the current zeros are removed to facilitate commercial transactions.

Central Bank Governor Sinan al-Shabibi said he was in talks with the prime minister, Noor al-Maliki, on how to go ahead with the bid to issue dinars with lower denomination and higher appreciation.

Shabibi said Iraqis were now relying a lot on the U.S. dollar, particularly in settling cash transactions that required a lot of money.

The use of credit cards is still limited in Iraq and cash is still the main source in trade and commerce.

Allocations even for small projects and to carry out simple commercial deals are in millions or billions of dollars.

Three bundles of $10,000 require carrying or paying about 40 million dinars.

The new arrangement, once carried out, will make transactions simpler and easier, the Central Bank governor said.

Calculating and paying with the current currency makes trade deals rather “awkward and difficult” for a small country like Iraq, Shabibi said.

Other countries, like Turkey and Brazil, successfully dealt with the same problem by removing zeros from their currency.

In Turkey, people dealt with millions of liras for simple purchases and transactions. Today a dollar is worth about 1.6 liras.

Shabibi said there was a lot for Iraq to learn from Turkey.

http://www.azzaman.com/english/index.asp?fname=news\2011-07-15\kurd.htm



APPRECIATION ES IGUAL QUE REVALUAR ??

SI O NO ???

Coqui wrote:

dinarespr wrote:

ok. Y ahora que.????? No lo van a subir como ellos han dicho....?

CLARO QUE SI PUEDEN SUBIR SU VALOR COMO HICIERON EN EL 2006-2008 PERO QUIEN SE CONVIERTIO EN MILLONARIO CON EL AUMENTO DEL 20% DE SU VALOR ? NADIE !!! Y SI SABES DE ALGUIEN ME DEJAS SABER !!!

LOS UNICOS Q SE HAN BENEFICIADO HA SIDO LOS DEALERS !!!

IGUAL VA A PASAR CUANDO CAMBIEN SU MONEDA DEBIDO A QUE ESO VA AYUDAR AUMENTAR SU PODER ADQUISITIVO !!!

PERO SEGUIRA SIENDO EL MISMO VALOR !!!!!

1170 = 1.170 IQD

0.00085 = 0.85 USD

25000 = 25

25 X 0.85 = $ 21.25 APROX

MENOS CEROS MISMO VALOR, PERO SU PODER ADQUISITIVO AUMENTO POR LA ELIMINACION DE LOS CEROS !!

Notice: IQD may be redenominated:

In 2010, the Central Bank of Iraq announced their plans to redenominate the Iraqi Dinar to ease cash transactions. The intention would be to drop three zeros from the nominal value of bank notes; but the actual value of the dinar would remain unchanged. That would mean that 1,000 IQD (pre-redenomination) and 1 dinar (post-redenomination) would both be worth the same amount in US Dollars. Although the announcement stated that the change would take place by the end of 2010, there has been no redenomination as of January 2011 and no further announcements have been made. As stated by the Central Bank of Iraq, their mandate is to "ensure domestic price stability and foster a stable competitive market based financial system." For more information about the redenomination, read "Iraq Planning Currency Redenomination."

http://www.xe.com/currency/iqd-iraqi-dinar







http://www.imf.org/external/pubs/ft/scr/2008/cr08383.pdf


BY THE WAY, EL CAMBIO DE MONEDA NO CONVIRTIRA A NADIE EN MILLONARIO



Iraq’s Central Bank mulling printing new currency

By Khayoun Saleh

Azzaman, July 15, 2011

Iraq’s central says the country is in need of a new currency in which the current zeros are removed to facilitate commercial transactions.

Central Bank Governor Sinan al-Shabibi said he was in talks with the prime minister, Noor al-Maliki, on how to go ahead with the bid to issue dinars with lower denomination and higher appreciation.

Shabibi said Iraqis were now relying a lot on the U.S. dollar, particularly in settling cash transactions that required a lot of money.

The use of credit cards is still limited in Iraq and cash is still the main source in trade and commerce.

Allocations even for small projects and to carry out simple commercial deals are in millions or billions of dollars.

Three bundles of $10,000 require carrying or paying about 40 million dinars.

The new arrangement, once carried out, will make transactions simpler and easier, the Central Bank governor said.

Calculating and paying with the current currency makes trade deals rather “awkward and difficult” for a small country like Iraq, Shabibi said.

Other countries, like Turkey and Brazil, successfully dealt with the same problem by removing zeros from their currency.

In Turkey, people dealt with millions of liras for simple purchases and transactions. Today a dollar is worth about 1.6 liras.

Shabibi said there was a lot for Iraq to learn from Turkey.

http://www.azzaman.com/english/index.asp?fname=news\2011-07-15\kurd.htm



APPRECIATION ES IGUAL QUE REVALUAR ??

SI O NO ???

MUY BUENA EXPLICACION COQUI VERDADERAMENTE NADIE TE LLEGA A LOS TOBILLOS Y EL TIEMPO TE VA A DAR LA RAZON!!!!!!!!!!!DE ESO NO HAY DUDA!!!!!!!!!!!!