* Med chat 1-21-2012 8:00 am Eastern – Glk post Dinar Speculator: Dinar Recaps 01/21/2012

January 21st, 2012 12:56 pm · Posted in CHATS & POSTS: Iraqi Dinar Exchange Rate & Buy Dinar Info 
Med says to (08:07:51): He explained in a press statement: “The stages of the deletion of zeros from the currency, divided into three phases, first phase, lasting six months to provide services printing, while the second phase of the introduction of two currencies at the same time, and will last six months to pull the old currency and the survival of the new currency.”Med says to (08:08:04): He added: “The role of the Finance Committee in the House of Representatives is mainly carried out only on the detailed mechanism and delete the zeros, indicating that the Committee met with the Governor of the Central Bank has been the study of deletion of zeros Bjanabih negative and positive.”

38CABO says to (08:08:16): now that is great

Med says to (08:08:21): He said: “The detailed explanation by the Central Bank, dispelled the fear of inflation, washing and financial fraud, asserting that” the existence of agencies and committees are able to control these problems that occurred. “

Med says to (08:08:36): Ok this explains where we are at it seems right now…..I will take it apart so you can understand…..The stages of the deletion of zeros from the currency are divided into three phases:

 

First phase: Lasting six months to provide services printing. This is over by the statements of CBI and are officially in Phase II

While the second phase: The introduction of two currencies at the same time, and will last six months to pull the old currency and the survival of the new currency. So with this explanation by the Parliamentary Finance Committee…we right now are going to see the new currency in the Phase we are in right now and the new exchange rate…..

GOP says to (08:10:23): Oh My!!!!! rowboat says to (08:10:51): i likey guardian says to (08:10:57): “the new exchange rate”! snowflake says to (08:10:59): new rate GOP says to (08:11:01): Yes Yes yes!!!! 38CABO says to (08:11:12): btw i am fine with a change in the exchange rate GOP says to (08:11:48): did not need coffee to wake me up!!

Med says to (08:12:07): A NEW RATE OF EXCHANGE HAS TO BE MANDATORY OR THEY WILL HAVE THE SAME ISSUE AS WHEN THEY HAD ISSUED THE 25DINAR COIN THE NEW DENOMS CANNOT BE 1166 TO 1 USD

38CABO says to (08:12:37): no way

Med says to (08:12:45): THE RATE OF EXCHANGE HAS TO BE ADJUSTED IMMEDIATELY OR ACTUALLY LIKE THEY SAID ONE WEEK BEFORE AND IF THEY EXPECT IT TO TAKE ONLY 6 MONTHS TO RETRIEVE THE OLD CURRENCY

rowboat says to (08:13:25): you gotta love it

Med says to (08:13:34): THEY MUST HAVE RECOVERED A TREMENDOUS AMOUNT ALREADY OF THE LARGE DENOMS REMEMBER TOTAL DEBT AND CREDITS DOES NOT MEAN IT IS ALL CURRENCY FROM THE NEW ESTIMATES IT IS DOWN TO A MINIMAL AMOUNT OF THE CURRENT LARGE CURRENCY IN LIQUIDITY AS IN HARD CURRENCY AND THIS IS THE ONLY CONCERN FOR CBI WHAT IS OUT IN HARD CURRENCY

38CABO says to (08:15:04): how many iraqis ever had a large bill ??? i guess not many

Med says to (08:15:32):
ALSO IF THERE WAS A WORRY THAT TWO RATES WOULD BE USED…I THINK THE MESSAGE WAS ALREADY SENT BY CBI
IF THIS WAS TRUE AND WE NOW ARE IN PHASE II
WHICH IS WHEN THE NEW DENOMS WILL BE OUT
ALONG WITH THE CURRENT
TO COEXIST FOR 6 MONTHS
THERE WOULD BE ABSOLUTELY NO REASON RIGHT NOW TO MAKE EVEN A PIP ADJUSTMENT
ON THE CURRENT RATE OF EXCHANGE
WHEN THE TWO ARE OUT TOGETHER
YOU I BELIEVE AS ALL IS STATED
WILL STILL ONLY SEE THE ONE RATE ON CBI’S PAGE
FOR THE DINAR

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