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Message Subject Iraq an economic Study
Poster Handle ReVbo™
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| On 2012-11-01 | Author AN | readings 17 | Nine four

BAGHDAD / Mustafa al-Araji

According to a member of the investigative transactions CBI and a member of the parliamentary Finance Committee Haitham al-Jubouri said the process of lifting the zeros will not be affected in the administrative changes that have taken place in the Central Bank of Iraq recently.

Jubouri said the newspaper "integrity electronic" The process of lifting the zeros or replace currency has nothing to do with events that took place in the central bank recently, noting that monetary policy does not depend on a person whatever his status administrative, but depends on the institution in charge of political الاستراتيجة which include process raise zeros and replace the country's currency.

Jubouri announced the arrival of special equipment to replace the currency by the English side to the country Mushir that there are specialized committees will these measures, if any, within the plan in the country's monetary policy.

It is noteworthy that one of the members of the Knesset Finance Committee announced that monetary Aalssayash in the process of lifting the zeros Stadtther benevolent result of events that took place in the Iraqi Central Bank on Shabibi.

[link to translate.google.com]

It probably is de la Rue machines. Earlier in the year the Cbi bought 10 machines. About two weeks after that they said that only 10 banks were going to be used in the exchange. They even say "english" when referencing where the machines have come from. It appears to me that the decision to go on the process to remove the zeros has been made. All of these articles that are appearing at this time are without any apparent move by the GOI or Maliki to stop it. That seems strange because the massive front they put up before, where Shabibi ran the CBI. Kap was maybe right in that Shabibi may have decided to just introduce the dinar at 1166 and let it run from there. Maliki early on was a supporter of raising the value and then vehemitly tried to stop it. Behind the scenes Maliki may have not wanted the currency to start so low and take potentially years to come up in value. A recent article said that the bank wanted to return the dinar back to 3+. How long would that take if it was introduced at 1166 per dollar?
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