* Kaperoni (The CBIs Dilemma): DinarAlert 1/31/12

_kaperoni: “Euphrates News announced the Finance Committee in the 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.”

kaperoni: This article came out 3 weeks ago. It told us again, they are ready. That the “first phase” was complete. He goes on to explain the three phases of the process to “delete 3 zeros”…

kaperoni: “the proposed deletion of zeros from the currency of the Iraqi Atksm into three phases, the first included the identification and purchase of equipment and the necessary equipment and completed the start of this year, and 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. “

kaperoni: Ok, this is pretty clear. That all the preparations are done. And at some point this year (2012) they expect to start with the new currency and gradually withdrawal by the end of the year.

kaperoni: It is my opinion the plan to fully transition to the new currency by the start of 2013. Keep in mind, this does not seem to matter to us. As most of us only care about the introduction of the new currency (and new rate). Which could happen at any time.

kaperoni: Next article…

kaperoni: Financial representative: deleting zeros from the currency needed two years and three phases – Saturday 21 January 2012

kaperoni: This article gives us some more clarification…

kaperoni: “deleting zeros from the currency needs to be two to three stages. In a press release: “stages of delete zeros from the currency, divided into three phases, the first phase lasts six months to provide print devices, while the second phase of the introduction of currencies simultaneously, and will last six months to withdraw the old currency and the survival of the new currency.”

kaperoni: This is our confirmation. That they are ready now. We are at the beginning of the second phase. Which is the introduction of the new currencies simultaneously with the old currency (and new rate). It is now Feb 1, 2012. They have 11 months to accomplish the project.

kaperoni: Next article…

kaperoni: Central Bank warns of future frightening because of the low completion of projects – Saturday, January 28, 2012

kaperoni: “Iraqi Central Bank has warned of the future is frightening, as he put the Iraqi economy because of the low levels of implementation of investment projects calling for a serious stand for the advancement of years after the decline.”

kaperoni: Now this is where it gets interesting. We know the CBI has been ready to delete the 3 zeros since June 2011, and again heard in the Sept article they are ready. Therefore, we can see that the CBI has been “waiting” for the green light to implement this project from the GOI. The CBI has been patient. They have held off and watched.

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Archives: Latest Posts

May 25

• * Manal al-Musawi MP announces its withdrawal from the coalition of state law

• * (BondLady and Scooter): BLC 5/25/12

• * (BWM): 3S’s 5/25/12

• * (BGG): Dinar Updates 5/25/12

• * Parliamentary Finance Committee: Increase the points of sale of foreign currency value of the dinar patches

• * Iraq Central Bank to sell Dollars facing Iraqi Dinar depreciation

• * (BWM): 3S’s 5/25/12

• * Sadr calls on Maliki to visit him before putting the finishing touches to a social Erbil, Najaf

• * (Rumors and Opinions): Dinar Recaps 5/25/12

• * World Bank, IMF to have an advisory role in regards to Iraq’s economy and foreign investment support

• * CBI: It is not our duty to prosecute traders and smugglers

• * (ArizonaHeat): 3S’s 5/25/12

• * Increase in Iraqi dinar value is due to central bank’s regulatory procedures, says parliamentary committee

• * Deleting the zeros depends on the CBI’s control over the dinar exchange rate; Calls for adoption of new monetary policies before implementation

• * Expert Opinion: Possibility Iraq is creating more than an international free economic zone in the triangle of FAO