Where does Shredd Get his Info?

by RELIX Mon Jul 29, 2013 10:58 am

Here we go with a blatant lie! This is total B.S. because if you remember the article I sent said the exact opposite. The Finance Committee is against the revaluation process. Where do these guys get their info?
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7-29-2013 Newshound Guru Shredd Article: "Iraq: Start delete actions 3 zeros from alamlha" when this three zeros project starts, we are golden. [did they say August for that?] they, meaning Finance Committee, referring to the CBI plan, yes, but last we had heard from the CBI, they wanted to delay which was met by a lot of resistance... The three zeros project requires a 1-1 rate for the beginning of the removal...the removal of the zeros project is real and it will not be successful without a dinar at or better than the dollar...this all was the plan, but we just need to hear from Turki....what is his response to the push back on timing.

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By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

Two Iraqi parliamentary committees monitoring fiscal policy in Iraq have held two contradictory positions on the Iraqi currency “reset” project, which would delete three zeros from the currency. There has been much debate about the project’s feasibility and the date of its implementation.

While the parliamentary Economic Committee believes that the deletion of three zeros from the Iraqi currency would strengthen it, the parliamentary Finance Committee fears that this project would open the door to counterfeit operations.