Kaperoni - Article: Central Plans To Change The Current Currency !

[DinarThug]

 CNN. Broadcasting While Concurring On The Current Currency !

 

 

 

Parliament's (time): Central plans to change the current currency

BAGHDAD - Shaima Adel
Confirmed the parliamentary Finance Committee approved the proposal of the Central Bank in order to reprint a new series of banknotes and change the images, while the central bank began to re-print the banknotes in Iraq.

Said committee member Hassan al-Bayati (time) yesterday that the (bank's management had submitted a proposal to the Parliamentary Committee requests by the need to reprint banknotes and change the images and replace the images of characters and historical putting pictures reflect the features of a civilized and the Committee agreed to the proposal of the bank)


He added that the (proposed bank is of great significance because it is in the light of technological developments, it reached the world and to preserve the currency from counterfeiting, we need to develop the process of currency in terms of design and features Hvazaaliha of forgery and reprinted again and according to international standards).

For its part, the bank announced intimacy with him to re-print the pictures of new banknotes and protect more At the time indicated that the currency will continue to be traded now, confirmed that the new currency will help the blind to see the value of these categories.

The bank said in a statement yesterday that the (re-print the new series of banknotes of Iraq and the currently circulating pictures of new and superior protection, using a good quality of printing paper,

with the inclusion of the two dates Hijri and Gregorian and the signing of the Governor of the Central Bank and the Agency Abdul Basit Turki Saeed, with the addition after security tags) .


He added that the (banknotes current will continue trading with the new will not be pulling rolling them now or in the future and that the categories of the 250, 500 and 1,000 dinars has been added to signs of a new security which bristles color visible and invisible signs circular for the visually impaired blind in addition to coating the banknotes paint shield to protect it of dust, as well as ensure the thread width 1.2 mm)

The statement noted that he (has been added to the IPL colorful visual and non-visual classes 5000 and 10,000 and 25,000 dinars, and signs for the visually impaired and coating to protect it from dust and thread bar for protection with a picture of the Palm and Animations and colors changing different for different denominations of the three was to add a high protection known globally Bspark).

He explained that he (was change the image of the Arab world, al-Hasan ibn al-Haytham in the paper category of 10 000 dinars to the image of the Freedom Monument in Baghdad artist Jawad Salim, in addition to modify the image of agriculture and the field in the category of 25 000 dinars, which will be charged farming pitcher of water appears behind a tractor plowing new land ).

To announce that the Industrial Bank of the Ministry of Finance continue to grant loans to citizens, amounting to 15 million dinars.

The general director of the Industrial Bank Mohamed Abdel Wahab said in a statement yesterday that the (bank granted during the months of January and February two 544 loans to citizens and merchants industrialists through bank branches scattered in Baghdad, adding that the total amount of these loans amounted to 18 billion and 849 million and 100 000 dinars ).

He noted that the (bank's ongoing grant loans to all segments covered by the grant in accordance with the mechanisms and controls established by taking into account the bank thus reducing red tape through the stages of the progress of the transaction through bank branches down to the General Administration).


http://www.azzaman.com/?p=68571&utm_source=rss&utm_medium=rss&utm_campaig n=%d8%a7%d9%84%d8%a8%d8%b1

 

 

 

4-14-2014   Newshound Guru Kaperoni   Article:   "Parliament's (time): Central plans to change the current currency"  [Have we heard an approx. timeline when these notes will be printed and hit the market?]   the context of most articles is they are done.  When they start using them could be anytime.  Interesting that the Finance Committee is on board...that can only mean one thing..they like the plan and the plan includes raising the value.

 

 

[Gdub]

I like that plan too!

[Bobbydee]

Thanks DT for the post but isn't this an old article. I'm not staying current enough but I thought they had talked about new currency with The Kurdish language on it a while ago. Anyway good post and thanks again for all you do. +

Bobbydee

[DinarThug]

Central Bank announces re-printed banknotes Iraqi "pictures of new and more protection"

By khabaar khaba 1 hour ago

Number of readings: 50

Font Size:

Brother - Baghdad

Central Bank of Iraq, on Tuesday, re-printed banknotes Iraqi pictures of new and superior protection, and in the time that indicated that the currency will continue to be traded now, confirmed that the new currency will help the blind to see the value of these categories.

, the bank said in a statement received by the Agency for News News ( et al) , a copy of it, he was "re-print the new series of banknotes of Iraq and currently circulating pictures of new and superior protection, using a good quality of printing paper, with the inclusion of the two dates Hijri and Gregorian and the signing of the Governor of the Central Bank and the Agency Abdul Basit Turki Saeed, with the addition after security tags , "pointing out that" the banknotes current will continue trading with the new will not be pulling rolling them now or in the future. "

the statement added that "the categories of the 250, 500 and 1000 dinars has been added to signs of a new security upon which bristles color visible and invisible signs circular for the visually impaired (blind), in addition to coating the banknotes paint shield to protect it from dust, as well as a string ensure width of 1.2 mm. "

the Bank noted that "he has been added to the IPL colorful visual and non-visual classes 5000 and 10,000 and 25,000 dinars, and the signs for the visually impaired and coating to protect it from dust and thread bar Protection with a picture of the Palm and Animations and colors changing different for different denominations of the three, "stating that it" has been added to high mark protection universally known Bspark. "

the bank said that "it was to change the image in the Arab world, al-Hasan ibn al-Haytham in the paper category of 10 000 dinars to a picture of a monument Freedom in Baghdad artist Jawad Salim, in addition to the modified image of agriculture and the field in the category of 25 000 dinars, where will be charged farming jar of water and appears behind a tractor plowing a new earth. "

declared the Iraqi Central Bank in November 2013 its intention to issue coins denominations are small and other paper-related large segments of the category of 50 000 dinars written in Arabic and Kurdish.

was established Iraqi Central Bank as a bank independent under the law issued on the sixth of March of the year 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and being sessions daily for buying and selling currencies.

http://khabaar.net/index.php/permalink/18235.html

Thanks DT for the post but isn't this an old article. I'm not staying current enough but I thought they had talked about new currency with The Kurdish language on it a while ago. Anyway good post and thanks again for all you do. +

Bobbydee

This Is From Late Last Week

After The CBI Announced The Printing Of New Notes Earlier In The Week !

[EagleEye]

go boys go...!!

[Bobbydee]

Thanks DT

[NWGUY]

Thanks To The One and Only Thug!!!!

 

Always good to read good news, over and over again!!!     Pieces like this give you a good feeling about your decision to be invested in this opportunity.  I am very happy, and have the patience to wait these Iraqi clowns out (not related to our own clown)!!!!

 

Go RV or RI Soon!!!!

[kennyc]

With news like this from the Clown Network, we can laugh all the way to the bank. SOON!

[umbertino]

With news like this from the Clown Network, we can laugh all the way to the bank. SOON!

Hopefully they won't laugh back at us.......

[jeepguy]

I surely  hope  they will  get  this done  very  quickly ,  I am  un-easy   with the elections  and the new prime minister  they might  put into office ,   { not saying  he will be  a  goof ,  but I hope  he is  up  on all things that  has been accomplished so far }  the  currency  rise  would really help  the Iraqi folks   ,  and   get  the dollar off the streets !   thanks  for the post  

[ReinMan]

So we wait for the new notes to be PUBLIC.

I wonder how long THAT'S gonna take.

[blueskyline]

Maybe this is a foolish thought .... Perhaps ... But they say there is no stupid Idea . They Read backwards if I am correct ... So with that said " Catagories... These Of Value.......See To Blind Thee.... Help Will Currency New The.....That Confirmed.....Now Traded ...To Be Continued..... Currency The That Indicated...That Time The In ...And Protection Superior.... And New.....Of Pictures Iraqi Banknotes Reprinted ......Tuesday On.... Iraq Of Bank Central........ MY THOUGHTS ARE THIS . EVERYONE IS BLIND TO... "CATGORIES ...THESE OF VALUE" (NOT JUST THOSE AFFLICTED BY BLINDNESS . BECAUSE THEY HAVE NOT SHOWN EVERYONE THE TRUE VALUE) ...THE NEW CURRENCY( WILL HELP EVERYONE SEE THE TRUE VALUE).....THAT IS CONFIRMED.....THE CURRENCY NOW TRADED(new currency?)........TO BE CONTINUED CURRENCY THAT INDICATED THE TIME IN..( old currency...times we were in ?) AND PROTECTION SUPERIOR AND NEW....(the new currency?) OF PICTURES IRAQI BANKNOTES REPRINTED..(old and new reprinted currency co existing together?)  .... TUESDAY ON .....(as of This Tuesday moving forward )? thank you for allowing me to express my thoughts

[Rayzur]

Maybe this is a foolish thought .... Perhaps ... But they say there is no stupid Idea . They Read backwards if I am correct ... So with that said " Catagories... These Of Value.......See To Blind Thee.... Help Will Currency New The.....That Confirmed.....Now Traded ...To Be Continued..... Currency The That Indicated...That Time The In ...And Protection Superior.... And New.....Of Pictures Iraqi Banknotes Reprinted ......Tuesday On.... Iraq Of Bank Central........ MY THOUGHTS ARE THIS . EVERYONE IS BLIND TO... "CATGORIES ...THESE OF VALUE" (NOT JUST THOSE AFFLICTED BY BLINDNESS . BECAUSE THEY HAVE NOT SHOWN EVERYONE THE TRUE VALUE) ...THE NEW CURRENCY( WILL HELP EVERYONE SEE THE TRUE VALUE).....THAT IS CONFIRMED.....THE CURRENCY NOW TRADED(new currency?)........TO BE CONTINUED CURRENCY THAT INDICATED THE TIME IN..( old currency...times we were in ?) AND PROTECTION SUPERIOR AND NEW....(the new currency?) OF PICTURES IRAQI BANKNOTES REPRINTED..(old and new reprinted currency co existing together?)  .... TUESDAY ON .....(as of This Tuesday moving forward )? thank you for allowing me to express my thoughts

 

I'm not sure I'm following you... As far as the "blind" goes... the new currency has marks on it to help blind people know what denomination of bill they are holding, or using in transactions..... Part of what is going on with the printing of this newest version of the same thing, is to assist people who are literally blind...

 

Thanks for the post Thug a licious... I love the conclusion.... I just wish I knew what linear path of logic Kap used to get there.... How does Finance folk being on board with printing currency of the same face denominations with new pictures and accessibility features for the blind = They are going to raise the value.... love the conclusion.... just can't find the logical thinking connecting these particular dots??.

[Butifldrm]

So we wait for the new notes to be PUBLIC.

I wonder how long THAT'S gonna take.

Yes and we wait!  The truth is I scan the CBI everday for the visualization of the new notes.  A little birdy told me, that how unusual it would be to have both pictures of the new notes and the old notes portrayed on the CBI website.  I think he's right, could be confusing to the ordinary Iraqi.  

[sandfly]

THANKS

[Driver]

and BEANS!! 

[AmericaInc]

Maybe this is a foolish thought .... Perhaps ... But they say there is no stupid Idea . They Read backwards if I am correct ... So with that said " Catagories... These Of Value.......See To Blind Thee.... Help Will Currency New The.....That Confirmed.....Now Traded ...To Be Continued..... Currency The That Indicated...That Time The In ...And Protection Superior.... And New.....Of Pictures Iraqi Banknotes Reprinted ......Tuesday On.... Iraq Of Bank Central........ MY THOUGHTS ARE THIS . EVERYONE IS BLIND TO... "CATGORIES ...THESE OF VALUE" (NOT JUST THOSE AFFLICTED BY BLINDNESS . BECAUSE THEY HAVE NOT SHOWN EVERYONE THE TRUE VALUE) ...THE NEW CURRENCY( WILL HELP EVERYONE SEE THE TRUE VALUE).....THAT IS CONFIRMED.....THE CURRENCY NOW TRADED(new currency?)........TO BE CONTINUED CURRENCY THAT INDICATED THE TIME IN..( old currency...times we were in ?) AND PROTECTION SUPERIOR AND NEW....(the new currency?) OF PICTURES IRAQI BANKNOTES REPRINTED..(old and new reprinted currency co existing together?)  .... TUESDAY ON .....(as of This Tuesday moving forward )? thank you for allowing me to express my thoughts

have another...on me

[blueskyline]

have another...on me

Yeah..... I might as well . At least it posted in the rumors section . It may read a lot less far out then other post

[LeeC]

Thanks.

[NeedRv]

Iraq dont care about the people.... and all of a sudden NOW they want to put markings on the currency for the blind   

[lost one]

I agree, they don't care about their people.

[DinarThug]

Here's Today's Sound Bytes From BondLady's Admin's Tlm + Shredd And Also (From Kap's Site) Tlar ...

 

 

4-15-2014   Newshound Guru tlm724   Article quote:   "The amount of cash reserve represents bumper biggest fluctuations in oil prices follows affect the fluctuation of the exchange rate where it not for the strength of the amount of the reserve sovereign to the value of the dinar"  so IF they didn't have the huge reserves then the dinar would be unstable but that is NOT the case now!  the value of the dinar is NOT reflecting it's true value YET.

 

4-15-2014   Newshound Guru tlm724   economist earlier called for those in charge of the economic sector in Iraq to re-evaluate the value of the currency after it enhances the cash reserve quantities of gold...so re-evaluate the dinar after they got their gold to a level they are comfortable with and they HAVE that level now!  Article quote:  "the Central Bank reserves to rise the value of the dinar to a higher level compared to its exchange rate against the dollar"   there you go raise it above the value of the USD and the CBI has the reserves to cover that! 

 

4-15-2014   Newshound Guru Shredd   Why are the reserves a big deal?   Iraq is dedollarizing, updating their notes and are going to remove the zeros this year. The reserves have proven to provide stability. Soon we will see the monetary policy change and soon we will see a change in the valuation of the dinar. It's all connected and reliant upon it.

 

4-15-2014   Newshound Guru Tlar   The CBI has made a strategic decision to re-print the 250, 500 and 1000 dinar notes before they actually delete the zeros giving them value.  They...will have all the new features making it almost impossible to counterfeit including a raised portion of the bill that will allow the blind to feel the denomination of the bill.   What the CBI fears is that when they delete the zeros using the 250, 500 and 1000 notes as the crossover notes to the new uncounterfeitable smalls, Iran will immediately start printing the old notes and they will flood the market with these counterfeits buying USD at a higher rate.

 

4-15-2014   Newshound Guru Tlar   So the CBI has decided to reprint these notes while they have no value and either release them at the same time as the smalls or a little before they release the new smalls.  Iran has been counterfeiting the large 3 zeros notes exclusively (5000, 10,000 and 25,000 notes) because of value.  The lower notes the 250, 500 and 1000 up until now have values less than a dollar so they haven't been worth Iran's time or money to counterfeit.  When they delete the zeros this value will astronomically go up and Iran is ready to counterfeit them. Because of the sophistication of Iran's distribution system, within a week Iran will be selling these new couterfeits into Iraq.  So the decision to re-print these bills is a prudent one IMO. 

 

4-15-2014   Newshound Guru Tlar   There are many economists in Iraq that feel this is an unnecessary expense and suggest that the CBI just delete the zeros and collect these notes along with the rest of the large three zero notes at the same time.  This argument also has merit but for reasons unknown to us the CBI has decided to re-print these notes choosing to follow Shabibi's original plan which called for them to be left in circulation to die of natural causes.  The good thing is every article says that all dinar currency of any denomination put out will be good forever. Some of the articles indicate this printing is being done now.  Some indicate it is already done and ready to go.  We are close.

             

[TBomb]

I want to mention this because I think this following info represents one reason why we're seeing these articles:

 

I'd like to point out that the Official Languages Act (see below) comes into effect 90 days AFTER its publication in the Gazette. The publication date of this law, within The Gazette is February 24, 2014, which puts us at about May 25, 2014 as the last date for implementation. As with many laws in The Gazette, it's a matter of IF this law will be implemented. Also, as far as I know, we are not absolutely certain they have not printed these new notes with Kurdish on them, however, PERHAPS the article below is a clue as to whether new notes have been printed. Time will tell.

 

Excerpt from the Official Languages Act, from the Iraqi Parliament Site:

"Official Languages Act
January 7, 2014

Article 1 -
(i) the official language: the language adopted by the State to speak and express and official correspondence and banknotes and stamps and official documents in respect of all matters of state at home and abroad and other other areas.
Article -8 - used in both Arabic and Kurdish as follows:

First, the issuance of currency.

Article -18 - This law shall be published in the official gazette and implemented after ninety (90) days from the date of publication.
Reasons

Pursuant to Article (4) of the Constitution and of respect for the diversity of national and linguistic in Iraq and confirmation of the consolidation of the human dimension of civilizations in the custody of the new union, and in line with the teachings of Islam which emphasizes respect for differing languages, and in order to enable the basic components of the Republic
Iraq from the free expression of their need and requirements in their original language.
initiated this law"

 

http://www.parliament.iq/details.aspx?LawN=%D9%82%D8%A7%D9%86%D9%88%D9%86%20%D8%A7%D9%84%D9%84%D8%BA%D8%A7%D8%AA%20%D8%A7%D9%84%D8%B1%D8%B3%D9%85%D9%8A%D8%A9

Edited April 15, 2014 by TBomb

[ReinMan]

Wait for whatever to HAPPEN and be verifiable.

 

Who else here is sick of speculation and rumors?