Central Bank of Iraq's NEW Currency … Soon to market!!!

HAT TIP: The IQD Team


MP from Kurdistan Alliance bloc Mahma Khalil, for contracting the Iraqi Central Bank with (4) known international companies for the printing of new currency for the printing of the new national currency after you delete the zeros of which, describing the project to delete the three zeroes from the currency as “successful” and the time is ideal for replacing them. Khalil (of the Agency news) on Sunday:

The project to delete three zeros from the local currency is one of the important projects and at all levels, whether for economic or security to the country, pointing out that the topic of the program by the central bank and a good time to replace the ideal currency, which will be early next year. He pointed out: that the central bank has contracted with (4) well-known international companies, and solid in the field of international currency printing, without giving their names or nationalities, saying: that it is too early to announce the nationalities of those companies. Khalil added: The new currency will be a high specification and have the properties of security is very high is not as easy to be forged, in addition to the federal government has (25) organ The allergic and high distinguishes new currency counterfeit of good as well as import (25) another ATM by the central bank to detect counterfeit currency, calling for attribution and support this project because it will reform the Iraqi currency by reducing the money supply raised in the local markets. The Attorney-Khalil: The new currency will consist of the categories (1, 2, 5, 10, 25 and 50, 100, 200) dinars, as well as small metal groups (50 and 250) fils. As revealed deputy governor of the Central Bank of the appearance of Mohammed in favor of the existence of safety properties of high-tech and scientifically advanced in the new Iraqi currency after deletion of zeros of the three of them. Saleh said in an earlier statement that the Central Bank of Iraq has reached advanced stages of preparations for the mission logistics project to delete the three zeroes from the Iraqi currency, and after obtaining approval from the federal government to implement it will be working on a larger scale because it is a legitimate strategic interest to the general of the Iraqi people.

THANKS BACARDI RICK

CBI's Governor Shabibi – Compare Articles for Apr 2012 and articles from Apr 2011 – August 2011

HAT TIP:  The IQD Team


Wow, this is fantastic archive work by Lakehouse who made your life much easier by collecting all these valuable articles relevant to the Revalue of the Iraqi Currency!

Who would you rather believe (and bet next month’s rent on!) Dr. Shabibi the Governor of Iraq’s Central Bank (www.CBI.iq) or believe one of those hack “gurus” who is calling it every other day because of the so-called “intel”…. 

GIVE US A BREAK from CRAP INTEL!!! We will take Dr. Shabibi’s word every time over a hack Guru!!!  And, by the way, when you read the real news and quotes from Shabbs, you will think – why in the heck did I ever need a hack guru to tell me his/her lies!

~ Mr. IQD


Thanks Lakehouse @ Going Global for putting this together

Dr. Shabibi of Iraq's CBICBI’s Governor Sinan Shabibi – Articles for April 2012 and articles from April 2011 – August 2011 for review!

This year .. April 14th 2012 .. link .. *CBI’s Shabibi ~ Central Bank Governor left Iraq to attend a conference of the International Monetary Fund ..

And More .. link.. *April 21-26-2012 – UNCTAD Conference – Fact, CBI’s Sinan Shabibi was until retirement a Senior economist for UN’s Conference for Trade and Development

And .. One Year Ago …

April 17, 2011 ~ *On Tuesday, Shabibi goes to Washington ~ Iraq and the Paris Club ~ Financial confirmed it seeks to cancel the external debt …

April 19, 2011 Continue reading

Reuters: Iraq Halts Plans to Re-denominate Dinar – Article Analysis by MrIQD

HAT TIP:  Reuters


We’ve heard a few rumblings in the community lately of the following theory, we’re not sure who came up with it first, so we’re not really sure who should get proper credit, but we wanted to share this following theory (and article below)….

It is a GOOD thing if they halt the “RE-DENOMINATION” of the IQD Dinar (that is a.k.a. a “LOP”).  We think they are halting the “Re-denomination” because they are going to instead “REVALUE” the Iraqi IQD!!!

Understand, a “LOP” or “Re-denomination” is NOT good…  Remember the economic disaster that befell Turkey’s economy when they did a “LOP” of their currency!

The theory is that Maliki, Talabani, Allawi and Shabibi have been fighting about this…. Clearly from the news in the last 24 – 48 hours indicates that Shabbs is winning – which is extremely GREAT for us!!!  So, hopefully soon we will now get the Revaluation…. and NOT THE LOP!!!

~ Mr.IQD


April 13th, 2012 08:39 pm · Posted in NEWS (Iraq & World Currency)
Reuters – [4/13/2012]Iraq has decided to hold off on a plan to knock three zeros off the nominal value of bank notes of its currency because it does not believe the economic climate is suitable, the cabinet secretary said.The central bank said last August it planned to redenominate the Iraqi dinar to simplify financial transactions in an economy that is still heavily centralised and dominated by oil, and where deals are often carried out in cash. (1000dinar is worth about NZ$1)The proposal to restructure the dinar to bring more liquidity into the market has been awaiting parliamentary approval since Continue reading