yota691 Posted June 20, 2015 Report Share Posted June 20, 2015 Iraqi Central Bank announced the issuance of a new currency 16:13 20/06/2015 Central Bank of Iraq announced on Saturday by the issuance of 50 000 dinars a class of local currency the end of this year, while the detection of his request to wait in the issuance of class 100 000 dinars. The central bank said the province on the Keywords in a joint press conference with the President of the Federation of the depositary banks Handal, said that "in the past the bank issuing the currency of the highest category, has been studied this subject from all dimensions." He Keywords that "he may be at the end of the announcement being printed 50 thousand dinars category," noting that "the 100 class probably will be released in another time and asked for delaying in order to avoid the occurrence of any inflation." 3 Link to comment Share on other sites More sharing options...
EagleEye Posted June 20, 2015 Report Share Posted June 20, 2015 am I wrong or does this sound like a step in the wrong direction ?? more smoke and mirrors ?? diversion of their real intent ?? get the 25K out of the marketplace what say you all ?? 5 Link to comment Share on other sites More sharing options...
trinity Posted June 20, 2015 Report Share Posted June 20, 2015 A couple of weeks ago I made the decision to sell all of my dinar - I have felt for a while that this is not going to happen as everyone expects. IMO, they are going to bring out all new currency and not revalue as we all hoped. As I said this is my opinion - there is too much that needs to happen in Iraq before it is stable. Hope I am wrong but its been a long ride (bought mine in 2005) and I feel its time to get out. 10 2 Link to comment Share on other sites More sharing options...
Wiljor Posted June 20, 2015 Report Share Posted June 20, 2015 (edited) Good morning EagleEye, this subject has been brought forward a number of times by the CBI and nothing has ever come of it. I call smoke and mirrors on this one. Edited June 20, 2015 by Wiljor 2 2 Link to comment Share on other sites More sharing options...
yota691 Posted June 20, 2015 Author Report Share Posted June 20, 2015 Central Bank: Class 50 thousand dinars will be issued end of the year and demanded a delay of 100 thousand Saturday 20-06-2015 | 11:58:25 J p Twilight News CBI / announced on Saturday by the issuance of 50 000 dinars a class of local currency the end of this year, while the detection of his request to wait in the issuance of class 100 000 dinars. The central bank said the province on the Keywords in a joint press conference with the President of the Federation of the depositary banks Handal, said that "in the past the bank issuing the currency of the highest category, has been studied this subject from all dimensions." He Keywords that "he may be at the end of the announcement being printed 50 thousand dinars category," noting that "the 100 class probably will be released in another time and asked for delaying in order to avoid the occurrence of any inflation." Link to comment Share on other sites More sharing options...
zzztop Posted June 20, 2015 Report Share Posted June 20, 2015 This is the same BS they have been saying about deleting the zeros. In the coming days, soon, next month, at the end of this year, beginning of next year, blah blah blah. It's been over 5 years since the deletion of zeros was supposed to occur and NOTHING! JUST MORE TALK!!!!!!!!! Stop reading too far into articles. It's almost all agenda driven media, just like in the US. 2 Link to comment Share on other sites More sharing options...
SocalDinar Posted June 20, 2015 Report Share Posted June 20, 2015 (edited) Good morning EagleEye, this subject has been brought forward a number of times by the CBI and nothing has ever come of it. I call smoke and mirrors on this one. I Hope so . Edited June 20, 2015 by SocalDinar Link to comment Share on other sites More sharing options...
TexasMike1958 Posted June 20, 2015 Report Share Posted June 20, 2015 if they do this, it sounds like no RV till at least 2016. Oh brother Link to comment Share on other sites More sharing options...
vomer Posted June 20, 2015 Report Share Posted June 20, 2015 I think they're trying to discourage us dinar owners into selling our dinars before they RV. They don't want us Amerikaners getting rich. 1 Link to comment Share on other sites More sharing options...
justchecking123 Posted June 20, 2015 Report Share Posted June 20, 2015 Not looking good. Smoke and mirrors is rose-colored glasses thinking, people. 7 2 Link to comment Share on other sites More sharing options...
jetphyxr Posted June 20, 2015 Report Share Posted June 20, 2015 I think they're trying to discourage us dinar owners into selling our dinars before they RV. They don't want us Amerikaners getting rich. This is exactly what they're trying to do. Stand fast and aware...change is coming.... 1 Link to comment Share on other sites More sharing options...
pocono Posted June 20, 2015 Report Share Posted June 20, 2015 "Discourage us dinar owners into selling our dinars".... Selling them to whom exactly? Other dinar holders? Dealers? Doesn't take them out of circulation imo.. 12 Link to comment Share on other sites More sharing options...
Shedagal Posted June 20, 2015 Report Share Posted June 20, 2015 Don't shoot me down (or do, I don't care), but could it possibly be a plan to RV, give us time to cash in, calling in all the notes (including 25,000's), and then issuing the larger notes for internal banking. Just a thought. 3 3 Link to comment Share on other sites More sharing options...
Jaygo Posted June 20, 2015 Report Share Posted June 20, 2015 Don't shoot me down (or do, I don't care), but could it possibly be a plan to RV, give us time to cash in, calling in all the notes (including 25,000's), and then issuing the larger notes for internal banking. Just a thought. I like you.. A lot! 1 1 Link to comment Share on other sites More sharing options...
stealthwarrior Posted June 20, 2015 Report Share Posted June 20, 2015 You are right ,this is a step in the wrong direction.we're getting nothing out of this deal. 7 2 Link to comment Share on other sites More sharing options...
magawatt Posted June 20, 2015 Report Share Posted June 20, 2015 (edited) I'm not an economics guy but even if they print 1,000,000 dinar notes it won't change the real cost of imported goods. Only increasing the value of the lowly dinar will do that. Edited June 20, 2015 by magawatt 3 Link to comment Share on other sites More sharing options...
Texstorm Posted June 20, 2015 Report Share Posted June 20, 2015 All or none ! I am so ready ! They are not going to tell us anything until it's all over, they certainly don't want speculators buying or selling, that can have an effect on the market economy as well. So we wait either way I am done with Iraq, it's never going to make my bucket list. 1 Link to comment Share on other sites More sharing options...
Jaygo Posted June 20, 2015 Report Share Posted June 20, 2015 All or none ! I am so ready ! They are not going to tell us anything until it's all over, they certainly don't want speculators buying or selling, that can have an effect on the market economy as well. So we wait either way I am done with Iraq, it's never going to make my bucket list. Word Link to comment Share on other sites More sharing options...
jdprescott Posted June 20, 2015 Report Share Posted June 20, 2015 We put ours in a safe place and forget about it. It was money we had to spend if it doesn't happen oh well and if it does YAHOO. We have no control over it so no use stressing over it, being negative, and just live your life as if it never was. IMHO 11 Link to comment Share on other sites More sharing options...
jcfrag Posted June 20, 2015 Report Share Posted June 20, 2015 Don't shoot me down (or do, I don't care), but could it possibly be a plan to RV, give us time to cash in, calling in all the notes (including 25,000's), and then issuing the larger notes for internal banking. Just a thought. Well the bottom dinar is this: A new currency will not fix what it is they keep whining about, ranting about, and writing about, the exchange rate against the dollar. A new currency will not fix that. That wouldn't even be a part of the bandaid to fix that. imho 1 Link to comment Share on other sites More sharing options...
Cynthia AH Posted June 20, 2015 Report Share Posted June 20, 2015 Shedagal I'm with you, get the 25,000 out then introduce other, makes sense. Link to comment Share on other sites More sharing options...
pocono Posted June 20, 2015 Report Share Posted June 20, 2015 jcfrag, I would agree they certainly whine,rant and write about the exchange rate but what I've always found troubling is they only do it when the "Street" rate is out of control... They seem ok with the status quo of 1166/1 when the street rate is within normal limits. 1 Link to comment Share on other sites More sharing options...
Theseus Posted June 20, 2015 Report Share Posted June 20, 2015 They are okay with the status quo because they are getting rich off the status quo. Once they stop making money at 1166/1 then something will happen. If as some have projected that they want to be on par with the dollar, then the 25K note makes no sense. All of the major currencies are in denominations of (but not limited to) 10's 20's 50's and 100's. (Yes some have 500;s.) So if Iraq wants to be on par, then they would need to match these denominations by getting rid of the 25K notes and introducing the 100K and 20K notes. Then when they do the thing that shall not be mentioned outside of the name that shall be mentioned forum then they will be on par with the rest of the world's denominations. Note: Don't want to get into trouble by mentioning Lopping the zeros off outside the Lopster forum. DOH! 1 1 Link to comment Share on other sites More sharing options...
pocono Posted June 20, 2015 Report Share Posted June 20, 2015 (edited) Theseus, Good God Gertrude...lopping the zeros?? Could have been worse..you could have said something nice about Obama.. Edited June 20, 2015 by pocono 3 1 Link to comment Share on other sites More sharing options...
olivesman Posted June 20, 2015 Report Share Posted June 20, 2015 A couple of weeks ago I made the decision to sell all of my dinar - I have felt for a while that this is not goingto happen as everyone expects. IMO, they are going to bring out all new currency and not revalue as we all hoped.As I said this is my opinion - there is too much that needs to happen in Iraq before it is stable. Hope I am wrong butits been a long ride (bought mine in 2005) and I feel its time to get out. Just curious, if you sold all you had, WHY POST? AND WHY HOPE that you're wrong? I'm not understanding your illogic... 6 Link to comment Share on other sites More sharing options...
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