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Monday, January 9, 2017

KTFA UPDATE, 9 JAN

MilitiaMan:  Final Articles that Mention 2017 to delete the zeros. None found to deny it, yet. Keep in mind it also states lower denoms..  (one denarius ) Pretty sure they mean it after all the times it is mentioned..

Family the Final Articles are there….read them…their goal is to do this at the start of 2017 not later" ~Frank 26
I think around the first of June where they came out and said we are going to cancel all of this…but I tell you what…we are going to do this in the early part of 2017…we will pick up right where we left off….there were a lot of reasons…the Stability and Security of our country is horrible…we’ve been invaded by DAASH…and here is another thing…and this is the profound part….legally we can’t raise the value of our currency in the middle of a year…we will do it at the early part of 2017" ~Frank26


Article #5 
Central Bank: the deletion of zeros in early 2017

the Iraqi Central Bank Governor said the project to delete the zeros will be implemented in the beginning of 2017, indicating that the bank began to develop the first steps of theproject. 

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 the designs , companies and the country that will be the currency printing. "


Article #6
The governor of the Iraqi Central Bank on the Keywords that project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project.

Keywords and said in a statement, said that « the goal of deleting three zeros from the Iraqi currency It is to support the Iraqi dinar and make it a competitor of foreign currency », pointing out that« 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« working on mechanisms for the implementation of this project is expected to start with the beginning of the year 2017 », indicating that« the central bank began the first steps of the project through the selection of designs, companies and the country that will be the currency printing ». 


ARTICLE #7
Between the Keywords in a statement that the aim of the deletion of three zeros is to support the Iraqi dinar, and make it a competitor to foreign currencies, pointing out that this project is strategic It will serve as the country 's economy, as the dinar will be included in the global basket of currencies in the vital exchanges. He added that the bank is working on mechanisms for the implementation of the project, it is expected to start at the beginning of 2017.


ARTICLE #8
The reasons for deleting three zeros from the Iraqi dinar and what it means to delete the three zeroes from the Iraqi currency, the fact deleting three zeros from the Iraqi dinar, the official source at the Central Bank of Iraq, said that the beginning of the beginning of 2017, will the central Bey Iraqi deleting three zeros from the currency of Iraq, Finance Committee also announced in parliament that the central bank will start at the beginning of 2017 by deleting three zeros from the local currency, in other words, that the unity of the coin in 1000 dinars from the old currency will be replaced by only one denarius of the new currency, and so on.
 
Start procedures to delete three zeros from the currency in 2017
 
Going on in the minds of many Iraqis that the important question of whether to raise (the zeros from the Iraqi dinar) harm or benefit? Thus why do not we raise the zeros, the official source in the Iraqi Central Bank stressed that the purpose of deleting three zeros from the currency of Iraq is to lift the economy and prosperity to raise support for the dinar, which will be a key reason for the return of Iraq's economy again in January 2017, the step by Iraq intended to reform the local currency system based on the use of the currency too high denominations, which leads to difficulties in handling and in private transactions accounts, as well as higher prices resulting from the use of monetary units higher categories, which leads to a decline in the currency and declining purchasing power exchange rate the dinar in a big way.
Why delete the three zeroes from the Iraqi dinar
 
The aim of deleting three zeros from the currency of Iraq is one of the means to control the high inflation is monetary reform, coupled with a change in monetary policy by the old currency high Pfiadtha replacement of a new currency with lower categories so prices tend to decline, but does he have on inflation? The answer is no, because the elimination of inflation is required to follow state moderate monetary policy, an official at the Central Bank of Iraq and stressed that the Iraqi dinar will be the vital currency in global stock markets and the central bank is currently discussing the principles of starting the project and its laws on the beginning of the project of the year 2017 and stressed that the new currency will not have a significant impact on the major currencies, but will raise the Iraqi economy.
 
ARTICLE # 12
It was scheduled to be the project to delete the three zeroes in 2011 and did not perform (See Frank comments above)
and then postponed to 2013 .. then postponed to 2015 .. and now the decisions implementing the plan early in 2017 

ARTICLE 23
Economic academic Dr. Essam Mahouelle called to be 2017 years to strengthen the dinar 's purchasing power and strengthens confidence in the national currency , which represents the sovereignty of Iraq, noting at the same time the need to restrict foreign business dealings only in dollars.


e said either the Iraqi currency was within the currency is convertible which can not be used for international settlements , but turning it into another currency, or to the dollar (Oogerh), and goes to Iraq to be paid the proceeds of the sale of oil to the US dollar and that the equivalent of the dinar to $ 3.32.

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