1-17-11 Skype message

Highlights/Thoughts

1. Deleting of zeros may proceed from the CBI
2. Government is preparing the legal framework
3. Government to develop the mechanisms for implementing and monitory

There are a couple things to bear in mine. First, we receive news days late. Sometimes up to 3 more days late. The second thing, and I think I mentioned this in an earlier posting, is that I believe Parliament needs to vote on such matters involving changes in currency. Perhaps they already voted on it. If so, and if they've already done the legwork on the mechanisms mentioned above, this could be why we're hearing about Kuwait and Jordan.
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[******] look at this----> The Iraqi Dinar deleting of zeros idea may proceed from the Iraqi Central Bank and the Government is preparing the legal framework and after the legislation of Parliament back the government again to develop the mechanisms for implementation and monitoring and all that would be the process runs smoothly and without obstacles, and is expected to increase the functions of government in the management of the economy and increase the responsibility of the Bank CBI in the design and management of monetary policy as well as to increase the burden of the Ministry of Finance to contain the imbalances and to support economic stability. But the real impact might not be clear in the first period for the replacement of currency, that is, here is the value of the Iraqi dinar at the beginning and during the replacement process, and the degree of disorder expected and how it changes the structure of prices, particularly prices and the prices of basic foodstuffs, and how stock prices will change, and the most serious is the prices as the prices of transport services for self-employment, wages and salaries and wages of health education.