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CBI reveals issuing currency class 100 thousand dinars soon


Markinsa
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Palm - central bank adviser said the Iraqi "appearance of Mohammed Saleh" that the Iraqi currency need to expand and we will issue a currency class 100 thousand dinars.

Saleh added in a press statement that the central bank examines the idea of ​​restructuring the currency in terms of specifications and forms so we will issue new categories of currency have the ability to shorten quantities large financial aid, pointing out that dealing continued use of $ 100 is the biggest proof of the urgent need for the currency this Size.

And between Saleh, said that the process of lifting the zeros need time and formal approvals from the government and parliament, adding that currently is not Muhio to delete zeros from the currency.

He continued in favor of measures that reduce cash sales in its daily auction for the sale of foreign currency as of this week, revealing that speculators were behind the rise in the exchange rate locally for quick profit.

The CBI stressed procedures followed for sale cash during the last period, on condition the banks brought legal documents at the request of foreign exchange, what hindered its work and importers of goods and commodities in and explained that the Central decided to cut the proceedings at the request of documents within a week of receiving cash, as can private banks common in foreign currency auction request foreign exchange at any time and the exchange rate was exceeded 119 thousand dinars per hundred dollars last week, after it had been below 118 thousand. Saleh pointed out that the sale remittances outside Iraq allowed for commercial purposes, and according to legal documents, as citizens can transfer money to pay fees for university students outside Iraq or for medical treatment and for other purposes, not inconsistent with the anti-money laundering law.

The drawer CBI to hold an auction of five sessions per week for the sale or purchase of foreign currencies, and receive cash from the sale of 13 dinars per dollar commission, and 13 dinars per dollar for the sale of remittances outside Iraq.

This hand central bank governor said the former Iraqi "Shabibi" earlier on the composition of foreign reserves to support the value of the Iraqi dinar reached fifty billion dollars, noting that the Iraqi dinar is stable currencies in the region.

He explained in his speech that the CBI sought Bmlake high national and expertise to develop a coherent monetary policy and rational achieved financial stability in the country, pointing out that the only party in Iraq that are unique in the production of a public good directly to maintain the purchasing power of the Iraqi dinar.

He Shabibi to achieve these results in very harsh conditions the Bank's exposure in which to terrorist acts, and although it did not shake the will of the workers and continued to work to make the bid, saying that the issue of the reserve, or cover currency comes at the request of the government and the Ministry of Finance, stressing the importance of the size of the reserve support the currency in circulation, because the affected reservists will impact on the fiscal balance.

2013/02/12 02/12/2013

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Im calling BS on this one.. And this is a partially re-run article from last fall......GO RV!!!~~~ :shakehead:/>/>

You are correct, remember this from last year when Shabibi was in. Tokio with the imf meeting and all heck broke loose. Really the only thing that changed was the date and the words FORMER.

Edited by jobug38
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Yes its from old school , But a good read for the Newbees, gets them pumped and educated.Alls we have to go on at this point is they claim they want there new money on the street by september, and they have to raise the rate befor they can hand out the new bills, No good news since then.

:rolleyes:

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WOW!!!! This is not good! Why would a country want to introduce a new 100 thousand Dinar note if there going to be RV 'ing anytime in the future? Please don't try and tell me it's a smoke screen or misdirection to throw us investors off the trail of a huge RV. Hoping for a more logical explanation.

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WOW!!!! This is not good! Why would a country want to introduce a new 100 thousand Dinar note if there going to be RV 'ing anytime in the future? Please don't try and tell me it's a smoke screen or misdirection to throw us investors off the trail of a huge RV. Hoping for a more logical explanation.

i hope you do know most of these articles are rehashed and recycled and like some have pointed out this is an old article Saleh is not deputy any longer. Also their reserves succeed over 68 billion.

Edited by easyrider
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Markinsa just said they recently sold off some of there gold reserves which could explain the reduction. Even if it's rehashed it doesn't discredit them from wanting to introduce these new 100,000 Dinar bills.

Yeah and after that they are gonna introduce the 1, 000, 000 dinar bill <_<

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Palm - central bank adviser said the Iraqi appearance of Mohammed Saleh, said that the Iraqi currency need to expand and we will issue a currency class 100 thousand dinars.

Saleh added in a press statement that the central bank examines the idea of ​​restructuring the currency in terms of specifications and forms so we will issue new categories of currency have the ability to shorten quantities large financial aid, pointing out that dealing continued use of $ 100 is the biggest proof of the urgent need for the currency this Size.

Salehi between the process of lifting the zeros need time and formal approvals from the government and parliament, adding that currently is not Muhio to delete zeros from the currency.

21/12/2010

http://translate.google.com/translate?hl=en&ie=utf-8&sl=ar&tl=en&u=http://www.nakhelnews.com/pages/news.php%3Fnid%3D4366&prev=_t&rurl=translate.google.com

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I believe it is an old rehashed article. Maybe Iraqi media needed an article to fill a space. This article was easy to fudge a little to try to make it sound current and could help keep speculation down. Two birds with one stone. Markinsa does have a valid point to be considered yet no new numbers have been brought up to reflect any new reserve amounts.

The article also gives those who like to look for negative or potentially discouraging material something to talk about for a while. I guess, for some, the article could be like drinking a big glass of water and now they are looking for someone to relieve themselves on. Sorry if that is a little raw for a morning comment. And, of course, this is only my opinion and is not intended for any specific individual.

Edited by BelievingInTheBest
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i put up the link from 2010

i put up the link from 2010

i believe its part of the large propaganda scheme .. if this isnt obvious theres smoke and mirrors campaign going on .. then thers no such thing as smoke and mirrors

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Is this recent news or a rumor? Interesting how when some one posts a news story, suddenly it begins to take shape of a twisted rumor. Link Please?

hey try the link i posted

you can get most of the rest of it right here ... word for word .. http://spammer spammer!.com/viewtopic.php?f=7&t=11667 Monday, 06 Decembr 2010 http://spammer spammer!.com/viewtopic.php?f=7&t=11667

they take parts of one article and piece it to another article and re date it as news

here .. copied and pasted from2010 article ..look fimiliar ..?

He explained that «Central» «decided to cut the proceedings at the request of documents during the week of the receipt of cash, as can private banks participating in the auction of foreign currencies request of foreign exchange at any time». And the exchange rate was over 119 000 dinars per hundred dollars last week, after they had been without a 118 thousand.

Sale transfers abroad

Salih pointed out that the sale remittances outside Iraq «allowed for commercial purposes and according to legal documents, as citizens can transfer money to pay fees for university students out of Iraq or for medical treatment and for other purposes, not inconsistent with the law against money laundering».

Edited by dontlop
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hey try the link i posted

you can get most of the rest of it right here ... word for word .. http://spammer spammer!.com/viewtopic.php?f=7&t=11667 Monday, 06 Decembr 2010

they take parts of one article and piece it to another article and re date it as news

Ok got the link, could be this is a bit outdated? Shabs is mentioned as if he is still in control, hard to tell what these characters are up to at any given time.

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