Central Bank of Iraq (CBI) considered as a date 1/1/2013 to officially start the flow of the new Iraqi dinar after deleting three zeros of  Considerable debate on the value of shares after deletion of zeros.

BAGHDAD,  Baghdadiya News Editorial, Considerable debate on the value of shares after deletion of zeros.

Considerable debate on the value of shares after deletion of zeros

BAGHDAD / Baghdadiya News / .. Revealed financial sources that the sensation seemed to escalate since 2008 and so far about the value of stock prices in the Iraqi market for securities that have faced hit hard during the past decades and will direct them blow the largest in the event of reduction of share value to one penny, according to planning the CBI.

At a time in which the central bank to be considered as a date 1/1/2013 to officially start the flow of the new Iraqi dinar after deleting three zeros from him to cash transactions in Iraq, decided to calculate the final value price per share in circulation as of the same date a penny instead of current price is one dinar, and this is what several economists will suffer a major problem of the Iraqi stock market.

And managed agency / Baghdadiya News / get the documents that confirm that the central bank ended a plan replacement and set a date early next year to start trading dinar new will start to delete three zeros from it, the process of printing new categories are 50, 100 and 250 dinars, and last category is equal to quarter of a million current currency and this will be the highest category to facilitate the transactions large in addition to the categories currently in circulation after Trchigaha a five dinars and class ten and twenty-five dinars, and these categories of paper, while the metal is 50, 100, 250 and 500 fils in addition to the BD one, which will be metal, too.

With regard to the prices of stocks and bonds, according to the Central Bank, the find appropriate treatment of the value of stocks that are traded in the Iraqi market for securities, especially since the value of one share is currently one dinar, and will be in the case of deletion of zeros penny, and in this area suggested that the bank set up a committee chaired by a representative of the the Bank and the organelle by the Ministry of Finance and the Ministry of Justice and the Office of Financial Supervision and the Iraqi market for securities to determine the accounting procedures of the crisis in the case of currency exchange and delete three zeros of them in a timely manner and prior to the process of replacement, and may be the idea in the calculation of all (1000) share a dinar again, and that the issue one share instead of all the 1000 shares is the date of issuance of the new currency, or any ideas of the Committee up to it above.

Economic expert, d. Majid picture, between the Agency / Baghdadiya News / What available information, the central bank will instrument currencies of small start than fifty fils ascending order, here are dealing Fils result of major developments in inflation has become a zero exactly, and it was proposed to print ten money surge is that the bank insisted to print 50 fils rise.

With regard to equity between the picture that the stock and accounts, bonds and all the problems that may arise as a result of deletion of zeros must form joint committees of the concerned authorities and also the private sector to solve these problems and the collection of proposals, including some passed to keep the share price one dinar, but the actual value will be fils, the problem that occurred is the low value of the Iraqi currency to stock which was priced dinars in the eighties and then the value of the dinar is equal to $ 3, and surprisingly was kept on its previous value, and here the issue is complex and you need an immediate decision may cause losses of large shareholders may win as well, and here the solution, however, the decision-makers, Although it’s a problem raised since 2008 and has remained so far, but there are solutions, but solutions not agreed upon.

And on the large groups that Top is 250 new dinars, between it would reduce the amount of currency in circulation, especially of deals big and instead of carrying large quantities to make a deal and one is carrying a number of papers of the new, or one sheet of paper because it is equal to a quarter million dinars from the exchange current.

And on the efforts of the bank to raise the value of the dinar, said yes, there are many proposals and the project to delete the zeros ensure that this proposal any time the equation of the value of the dinar per one dollar will be replacement, but there are many issues related to such oil prices and adjustments that must be brought to an end price of the neighboring countries, the issue is the value of the real dinar internally and externally any purchasing power, in the case of force required equation of exchange can walk in this direction, either in the purchasing power will remain high it can not be equated.

And on the value of stocks new between the Executive Director of the Association of Iraqi banks Abdul Aziz Hassoun, “The solution is not to reduce the value of the share, but that the mechanism will be as follows now the value of the stock one dinar, and here the capital as a whole will be re-arranged, for example, capital of the company 100 million, spread over shareholders, the one who owns 10 000 shares will become the owner of one hundred shares, and so on, “

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Alternate translation:

Much debate over the value of the stock after delete zeros

Baghdad/news/may … Financial sources revealed that the controversy began to escalate since 2008 until now about the value of stock prices in Iraq market for securities that have faced violent strikes during the past decades, it will be the largest strike in the event of devaluation one Fils arrow depending on the layout of the Central Bank of Iraq.

At a time when the Central Bank as decided on 1/1/2013 date formally to start the flow of new Iraqi dinar after deleting three zeros to cash transactions in Iraq, decided last calculated value price per share in circulation as of the same date a penny instead of the current price is one dinar, and this is what several economists big problem which the Iraqi stock market will suffer.

And managed agency/news/may obtain documents confirming that the Central Bank ended the replacement plan and a date beginning next year to start trading the new dinar which would add to delete three zeros, the process of printing new categories is 50, 100 and 250 dinars and the latter category is equal to a quarter of a million current currency these would be top class to facilitate large transactions to categories currently circulating added after five dinars and trshikha a class 10 and 25 dinar banknotes, these categories are either metallic 50 and 100 F 250 and 500 Fils addendum to the dinar, which would also metal.

With regard to the prices of stocks and bonds according to the Central Bank, finding appropriate treatment of the value of shares traded in the Iraq market for securities in particular and the value per share is one dinar, would be if you delete zeros penny, in this area, the Bank proposed the formation of a Committee chaired by a representative of the World Bank and each organelle from the Ministry of finance and the Ministry of Justice and the Office of financial supervision and the Iraq market for securities to select accounting procedures for crisis in case of currency substitution and delete the three zeros in time Before doing a replace operation, the idea may be calculated per 1,000 shares new dinars, and issued one share for each 1000 old arrow allowance from the date of issuance of the new currency, or any ideas reach the Committee above.
Economist Dr. Majed mock, between agency/may news/what information the Central Bank currency instrument will begin small 50 Fils ascending, here dealing in Fils as a result large developments in inflation has become non-existent, proposed ten printing was Fellous escalation but the Bank insisted on printing 50 Fils escalation.
With regard to the stock between shareholders and mock that accounts and securities and all the problems that may arise as a result of the deletion of zeros must constitute joint committees of stakeholders and the private sector to resolve these issues and collecting proposals, including some permits maintaining one dinar stock price but the actual value would be Fils, the problem is Iraqi currency depreciation and stock was priced so Denard in the 1980s and then the dinar equal to $ 3, strange was maintaining its previous value and here The issue was complex and required an immediate decision may cause substantial losses to shareholders and also has earned, and here the solution however, decision-makers, although the problem raised since 2008 and have remained so far, but there are solutions but solutions are not agreed.

Large groups and on top is a new 250 dinars, it will reduce the amount of currency in circulation, especially for bigger deals and instead of carrying large quantities of a deal one is carrying several sheets of paper from the new, or because it is equal to one quarter of a million dinars from the current monetary.

And on the Bank endeavours to increase the value of the dinar, yes there are many proposals and draft deleted this proposal any included zeros until dinar value equation $ 1 will be replaced, but there are many issues concerning such as oil prices and adjustments that must be brought to an end the prices in neighboring countries, the issue is true dinar value internally and externally any purchasing power and, in the case of required force equation of Exchange can be bots in this direction, either purchasing value will be high cannot be equated.

And on the new shares value between the Executive Director of the Association of banks in Iraq Abdul Aziz European goldfinch “that the solution lies not in reducing the value of the arrow, but that mechanism will be as follows now value arrow one dinar, and here the whole capital will be arranged, for example capital 100 million, spread over the contributor, who owns 10,000 shares will become the owner of one hundred shares and thus”

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Source :Currency NewsHound

http://thecurrencynewshound.com/2012/03/24/editorial-considerable-debate-on-the-value-of-shares-after-deletion-of-zeros/


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Central Bank of Iraq (CBI) considered as a date 1/1/2013 to officially start the flow of the new Iraqi dinar after deleting three zeros of  Considerable debate on the value of shares after deletion of zeros.

 

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