* supergirl (Where we stand with the Iraqi Dinar as of today): OOM 1/12/12
Where we stand with the Iraqi Dinar as of today, Jan 11/12
Today we are in “phase two” of a three-phase project that tells us the CBI will introduce the new currency sometime in 2012. We know the CBI is ready, we know they have all necessary materials and we also know that they have been given the go ahead from the government. We also know that the CBI is waiting for the completion of the Government of Iraq to complete the process of releasing the Lower Denoms and raising the exchange rate.
Here are two CBI articles from June 22, and June 23rd respectively that state they have begun the process to restructure the currency
the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “the Central Bank of Iraq has decided to start the execution of the strategic and long-term specialized restructuring of the local currency to the development of the payments system in Iraq.” http://tiny.cc/vjwoj
” The Iraqi Central Bank Governor Sinan Shabibi said at a meeting of independent bodies with Prime Minister Nuri al-Maliki, which took place, In the 19 of June, and, ready to create all the supplies to replace the Iraqi currency. http://tiny.cc/46c2s
Jan 7/12 Iraqi Council of Representatives on Saturday for the end of the first phase of the project to delete the zeros of the Iraqi currency, which included the purchase of equipment for the implementation of the project.
This article is HUGE! Key points from this article to consider; ➢ How could the first phase be complete if they haven’t already approved this entire process! ➢ The notes themselves would be considered equipment, as they too must be purchased before they are released into circulation ➢ This quote speaks for itself “it is hoped that the project is completed within the next year to present the new currency in the market and is then gradually withdraw the old. “ →This means we are looking at sometime during 2012 the new currency notes will be released into circulation! ➢ The following snip is a biggie folks as it’s straight from the CBI; ➢ The CBI had announced earlier that the new Iraqi currency will increase by three zeros, indicating that he had conducted an extensive study concluded that the lifting of the zeroes will strengthen the value of the Iraqi currency The Lower Denominations are on their way! Obviously this will go hand in hand with the change in the exchange rate to increase buying power. Just as they can’t release the LD’s and NOT change the rate, they can’t change the rate and NOT release the LD’s. AND ACCORDING TO THIS, IT WILL HAPPEN IN 2012!!! http://tiny.cc/khkkz
This short video is an interview with De La Rue regarding the process and time lines that go into creating a new currency. This fellow states state’s the shortest time frame was six months and was for a tiny country, while typically it takes two years to create a new currency. Clearly as stated in the previous link, as the CBI has a goal to release the new currency in 2012, the new notes must already be printed! http://tiny.cc/e6ljk
Now what could be the hold up you ask? Well the CBI has already told us they’re waiting on a complete GOI.
“The Central Bank of Iraq has affirmed its readiness to delete the zeros from the currency after the formation of the government directly, pointing at the same time that those zeros that are added to the Iraqi currency during the past formed a cluster of large cash amounted to 27 trillion Iraqi dinars.” ***This article is from Sept 14/2010… think they’re ready now!*** http://tiny.cc/vlwfj
BUDGET article from Sept 24/11 which states the new budget would incorporate the new currency, and we are on the verge of seeing the 2012 budget voted into law!
He said the Bank’s Deputy Governor Mohammad Saleh said in an appearance “llsomret news”, “the Central Bank’s strategy of deleting three zeros and currency switch would be at the beginning of new year and a new budget for the State of Iraq”, predicting that “the currency is switched in the new fiscal year to 2013″. http://tiny.cc/4k8me
The * supergirl (Where we stand with the Iraqi Dinar as of today): OOM 1/12/12 by Dinar Daddy's Tidbits, unless otherwise expressly stated, is licensed under a Creative Commons Attribution-ShareAlike 3.0 Unported License.
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