yota691 Posted May 24, 2015 Report Share Posted May 24, 2015 Conscious / Finance Parliamentary: the issuance of the two categories of 50 100 الف a first for the deletion of zeros 24/05/2015 09:32 | Number of Views: 370 Font size: Conscious / Baghdad / FS He said the parliamentary finance committee member Masood Haider, said the central bank's intention to issue two categories of 50 000 dinars and 100 000, is a first for the removal of zeros from the Iraqi currency. Haider said in a press statement transferred reporter (and the Iraqi News Agency Information / INA) , said that "the subject of currency issuance of fifty-class Alpha and the hundred thousand dinars, has been studied for more than two years, as the experts at the central bank they choose the category and protection where and what type So ". He added, "This is a preliminary step to remove zeros from the Iraqi currency in the coming years", adding that "these two categories will facilitate the deliberation process of the Iraqi dinar exchange for hard currency." He said Haider, said that "the project to delete the zeros still exists, and the central bank decided to issue fifty-class Alpha and the hundred thousand, and will be their experience and study how to deal with them in the Iraqi market," explaining, that "the allocation for the printing of Iraqi currency of the new budget, will be working on the removal of zeros in the coming years. " Little, the Central Bank of Iraq announced earlier his intention to issue new editions in both categories of the 50 000 dinars and 100 000 dinars. 2 Link to comment Share on other sites More sharing options...
yota691 Posted May 24, 2015 Author Report Share Posted May 24, 2015 Categories of 50 000 and 100 000 dinars a preliminary to delete the zeros of the Iraqi currency Baghdad-Iraq-Presse -24 May / May said the parliamentary finance committee member Masood Haider, on Sunday, that the issuance of central bank categories 50 000 100 000 dinars, and, soon, is to hold the first to remove zeros from the Iraqi currency. Haider said in a press statement, that "the issue of currency thousand and fifty-class hundred thousand dinars, has been studied for more than two years by experts at the Central Bank chose the appropriate category and type design to protect them from fraud." He added that "this is a preliminary step to remove zeros from the Iraqi currency in the coming years", adding that "these two categories will facilitate the deliberation process of the Iraqi dinar exchange for hard currency." Haider said that "the project to delete the zeros still exists, the central bank has decided to issue fifty-class thousand and thousand percent, and their experience and study how to deal with them in the Iraqi market." He said that "the allocation for the printing of the new Iraqi currency budget, will work to remove the zeros in the coming years." The Central Bank of Iraq announced earlier its intention to issue new editions of the categories of the 50 000 dinars and 100 000 Danar.anthy (1) 1 Link to comment Share on other sites More sharing options...
TexasMike1958 Posted May 24, 2015 Report Share Posted May 24, 2015 in the coming YEARS?????? 1 Link to comment Share on other sites More sharing options...
Officiallytook Posted May 24, 2015 Report Share Posted May 24, 2015 In the coming years ..... Must mean "soon" Since we know they speak backwards and reverse 3 Link to comment Share on other sites More sharing options...
TexasMike1958 Posted May 24, 2015 Report Share Posted May 24, 2015 soon backwards is noos .....perhaps a code word for Maliki 1 Link to comment Share on other sites More sharing options...
zzztop Posted May 24, 2015 Report Share Posted May 24, 2015 They have been talking about these larger notes for as long as they have talked about deleting the zeros. Just more nothing. Big old frozen chunk o' poopy. 2 Link to comment Share on other sites More sharing options...
newbieDA Posted May 24, 2015 Report Share Posted May 24, 2015 as Chinadawg says just "smoke and mirrors" Iraq is doing something though, but not telling us 1 1 Link to comment Share on other sites More sharing options...
justchecking123 Posted May 24, 2015 Report Share Posted May 24, 2015 I'm still not convinced "deleting the zeros" means revaluing the currency... 2 2 Link to comment Share on other sites More sharing options...
"Fred" Posted May 24, 2015 Report Share Posted May 24, 2015 as Chinadawg says just "smoke and mirrors" Iraq is doing something though, but not telling us I hope it's in our favor and not just more piles of camel poop. 1 Link to comment Share on other sites More sharing options...
Jaygo Posted May 24, 2015 Report Share Posted May 24, 2015 Deleting zeros means getting rid of all currency with 3 zeros. They already have s rate to use when they revalue. Once people start cashing in the 3 zero notes they eventually destroy "delete the 3 zero" notes and introduce lower denoms. imo 1 Link to comment Share on other sites More sharing options...
Laid Back Posted May 24, 2015 Report Share Posted May 24, 2015 I believe they're talking about the lower denomination notes with new value.!! 50dinars = $42 $42/50 = $0.85 Go CBI Go dinar Go strong 2 Link to comment Share on other sites More sharing options...
skeetdog Posted May 24, 2015 Report Share Posted May 24, 2015 Thanks Yota...All these 25,000 dinar notes that'll be cashed-in when the RV happens there has to be some check-point for accountability...If these larger notes are never allowed on the streets then counterfeiting on a domestic level would be useless...Each country can collect their 25,000 Iraqi Petro-Dinar as have all note DeLaRue'd and replace with the larger notes and accounted for future use... Link to comment Share on other sites More sharing options...
newbieDA Posted May 24, 2015 Report Share Posted May 24, 2015 I believe they're talking about the lower denomination notes with new value.!! right on Laid Back! it is just being explained in todays terms or values some of believe too, totally agree 1 Link to comment Share on other sites More sharing options...
TQueezy Posted May 24, 2015 Report Share Posted May 24, 2015 So they release a 50-dinar note that in today's current value is worth 50,000 dinar just without the three zeros and ditto for the 100 note? I guess that's a possibility. 1 Link to comment Share on other sites More sharing options...
6ly410 Posted May 24, 2015 Report Share Posted May 24, 2015 I don't believe they will ever tell us the truth about their currency..it will just RV when they ready. Jmo Link to comment Share on other sites More sharing options...
sandfly Posted May 25, 2015 Report Share Posted May 25, 2015 THANKS SOON Link to comment Share on other sites More sharing options...
Boozer Posted May 25, 2015 Report Share Posted May 25, 2015 (edited) In the coming years, I remember they said that in 2012, wish I could find the article . This is not something NEW. Its all been said before. Come Back Next Year and you will read the same Edited May 25, 2015 by Boozer Link to comment Share on other sites More sharing options...
skeetdog Posted May 25, 2015 Report Share Posted May 25, 2015 ...''Beam me up Scotty''... Link to comment Share on other sites More sharing options...
blueskyline Posted May 25, 2015 Report Share Posted May 25, 2015 I have never seen so much talk in this short a period of changes to the dinar policy ...............not even in 2012 have I seen so many articles Link to comment Share on other sites More sharing options...
skeetdog Posted May 25, 2015 Report Share Posted May 25, 2015 I think on an international consensus the dinar value is already a Ball-park figure...The issue Iraq has is the Private sector's legal support in the eyes of the UN and WTO...Article 8 is bigger than what most folks give it credit for... 1 Link to comment Share on other sites More sharing options...
newbieDA Posted May 25, 2015 Report Share Posted May 25, 2015 I think on an international consensus the dinar value is already a Ball-park figure...The issue Iraq has is the Private sector's legal support in the eyes of the UN and WTO...Article 8 is bigger than what most folks give it credit for... ya Skeet, I can see what your saying. I think the only thing Iraq has to do is maintain a 2% variance within the exchange rate for 90 days consecutive to become IMF Article 8. The longest was something like 71 days when they became eligible though. Thats when the currency goes tradable internationally. Link to comment Share on other sites More sharing options...
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