DinarThug Posted May 10, 2017 Report Share Posted May 10, 2017 CNN. Broadcasting The Small Details Leading To BIGGER Things ! (by apmcrx) Economists then wonder the government's insistence on the use of cash as a penny Economists expressed by experts from the province of Basra, their surprise at the insistence of the Iraqi government to use (penny) in cash as a unit of accounting receipts for most of the institutions and departments despite the fact that "penny" of the extinct trading three decades ago. A professor of economics at the University of Basra , d. Nabil Marsoumy in an interview with Alsumaria News for, " The accounting receipts used by most government departments in Iraq , where the amounts columns are divided into two parts , one dinar and the other fils, which is surprising because the penny is no longer circulating for more than thirty years , " noting that " government accounting receipts remain unchanged reflects the extent of the failure of management thought, so that the hand of reform did not extend so far intuitive to simple details are handled thousands of times a day. " Marsoumy pointed out that " the dirham , which enjoyed greater penny cash value is no longer used for a long time , " adding that "administrative leaders in the country if they are not able to change receipts and a small paper , how can develop the economy and achieve administrative reform." For his part, President of the Iraqi Economists Association in Basra , Ali Alaill said in an interview with Alsumaria News for, " The world has come a long way in the application of electronic accounting systems and we are still use receipts and paper recognize fils cash as a unit , " adding that "addressing this gap does not require administrative genius nor financial allocations, but need only a simple guidance from the cabinet Secretariat to the ministries to delete a column from the penny receipts circles. " Alaill pointed out that " the sons of the new generation do not know anything about the penny , except the old amateur currency collecting them." The penny was one of cash categories traded in Iraq, and since the Ottoman era and even the extinction of trading was coining of copper to lower its value, it is the smallest unit of cash, and this afternoon is common ideals (not equal fils) to indicate the lack of importance of the thing, and during their occupation of Iraq period decided Englishmen in 1920 , the abolition of the penny trading with the rest of the units of the Ottoman currency, then work it back as a cash junior starting in 1932, and continued the penny in circulation until the early eighties, perhaps so far, at least in receipts and accounting records used by many government departments , including Directorates and municipal water Municipalities, education, traffic, communications and health. http://www.alrassid.org/mobile.....p?id=18435 12 Quote Link to comment Share on other sites More sharing options...
bkeiller Posted May 10, 2017 Report Share Posted May 10, 2017 Put the pedal to the metal!! 6 Quote Link to comment Share on other sites More sharing options...
Officiallytook Posted May 10, 2017 Report Share Posted May 10, 2017 2 Quote Link to comment Share on other sites More sharing options...
davis411 Posted May 10, 2017 Report Share Posted May 10, 2017 MMMMMM penny I would think leads to dollars 5 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted May 10, 2017 Report Share Posted May 10, 2017 Thank You, DinarThug, for the great article! The question I have is, "Since the penny or fils is such a small monetary unit, why would they even be talking about it unless the Iraqi Government is intending to have a small monetary unit implemented?" A corresponding question is, "When does the Iraqi Government intend to have these small monetary units implemented?" I am not sure this could happen in any way apart from issuing the Lower Denominations indicating an RV!!! Go Moola Nova! 10 Quote Link to comment Share on other sites More sharing options...
DWS112 Posted May 10, 2017 Report Share Posted May 10, 2017 39 minutes ago, DinarThug said: the insistence of the Iraqi government to use (penny) in cash Possibly, the Iraqi government wants to provide a global reserve currency, and a penny category is desired. 6 Quote Link to comment Share on other sites More sharing options...
chinadawg Posted May 10, 2017 Report Share Posted May 10, 2017 You gotta love it when they speak of the SMALLS in any terms. 7 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted May 10, 2017 Report Share Posted May 10, 2017 14 minutes ago, DWS112 said: Possibly, the Iraqi government wants to provide a global reserve currency, and a penny category is desired. Great Point, DWS112! Thank You and I trust you are having a Great Day! Go Moola Nova! 6 Quote Link to comment Share on other sites More sharing options...
10 YEARS LATER Posted May 10, 2017 Report Share Posted May 10, 2017 " penny for your thoughts " ---- anyone ? 6 Quote Link to comment Share on other sites More sharing options...
Wiljor Posted May 10, 2017 Report Share Posted May 10, 2017 5 minutes ago, 10 YEARS LATER said: " penny for your thoughts " ---- anyone ? How bout brother? 8 Quote Link to comment Share on other sites More sharing options...
sharkbait Posted May 10, 2017 Report Share Posted May 10, 2017 24 minutes ago, 10 YEARS LATER said: " penny for your thoughts " ---- anyone ? Ya beat me to it! 3 Quote Link to comment Share on other sites More sharing options...
3n1 Posted May 10, 2017 Report Share Posted May 10, 2017 average iraqi going for a coke at the current rate ........ we wait 13 Quote Link to comment Share on other sites More sharing options...
Officiallytook Posted May 10, 2017 Report Share Posted May 10, 2017 20 minutes ago, 3n1 said: average iraqi going for a coke at the current rate ........ we wait LMFAO😆😆😆😂😂😂💀💀💀 1 Quote Link to comment Share on other sites More sharing options...
Retiredofficer Posted May 10, 2017 Report Share Posted May 10, 2017 51 minutes ago, 3n1 said: average iraqi going for a coke at the current rate ........ we wait 31 minutes ago, Officiallytook said: LMFAO😆😆😆😂😂😂💀💀💀 Thinking you could deduct one wheel barrel if you happen to be in the green zone & JonesIng for a Coke 1 Quote Link to comment Share on other sites More sharing options...
10 YEARS LATER Posted May 10, 2017 Report Share Posted May 10, 2017 3 hours ago, Wiljor said: How bout brother? 2 Quote Link to comment Share on other sites More sharing options...
10 YEARS LATER Posted May 10, 2017 Report Share Posted May 10, 2017 3 hours ago, sharkbait said: Ya beat me to it! 1 Quote Link to comment Share on other sites More sharing options...
wciappetta Posted May 10, 2017 Report Share Posted May 10, 2017 Quote For his part, President of the Iraqi Economists Association in Basra , Ali Alaill said in an interview with Alsumaria News for, " The world has come a long way in the application of electronic accounting systems and we are still use receipts and paper recognize fils cash as a unit , So the question is why is the GOI insistent on the use of a penny [fils] as cash? The GOI is referring to "Fils" the lowest form of cash in the Iraqi monetary system, not a penny as we understand it, that's the Arablish... IMO it telegraphs the revalue... Come on Mosul! 8 Quote Link to comment Share on other sites More sharing options...
fnbplanet Posted May 10, 2017 Report Share Posted May 10, 2017 Sure would be cool if their "penny" is worth three of ours. 6 Quote Link to comment Share on other sites More sharing options...
Gypsygirl11 Posted May 10, 2017 Report Share Posted May 10, 2017 (edited) Why would they need a penny? Pretty soon the USA is dumping the penny, right? Me no understand. Wait and see I guess. I like the part about "small paper"....screw the penny, we want paper. Edited May 10, 2017 by Gypsygirl11 2 Quote Link to comment Share on other sites More sharing options...
skeetdog Posted May 10, 2017 Report Share Posted May 10, 2017 Thanks DT...This does prove Iraq did in fact stock pile coins (fils) for a reason...If Iraq is showing the fil...it stands to reason that there are more valuable coins stashed away for future release...These smaller coins would only compliment the lower denominational dinars... 4 Quote Link to comment Share on other sites More sharing options...
presence Posted May 11, 2017 Report Share Posted May 11, 2017 Thanks Thugs - this is a great article. I was curious if anyone knows when or where the photo of the side by side filswas originally taken or came from. The penny (lowest fil) could also make an impact on taxes mentioned recently in other articles, and is still the simplest means to make change for the indicative lower denoms. Go RV! (Please!!!) 2 Quote Link to comment Share on other sites More sharing options...
sandfly Posted May 11, 2017 Report Share Posted May 11, 2017 Thanks clown 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted May 11, 2017 Report Share Posted May 11, 2017 IRAQ IRAQI COIN 1959 ABD AL KARIM QASIM ERA 1 Fils Bronze Iraq 1 fil 1959 1959 IMAGES Enlarge imageEnlarge image COLLECTORS In wishlists: 1x VF (very fine) In collections: 3x EF (extremely fine), 8x VF (very fine), 1x G (good) CATALOGUE INFORMATION Catawiki number: 2576263 Category: Coins Title: Iraq 1 fil 1959 Country: Iraq (Iraq) Face value: 0,001 dinar (1 millim, 1 fils) Year: 1959 Variety / overstrike: Era: Iraq - Republic (1958-present) Head of State: Muhammad Najib Ar-Ruba'i of Iraq (1958-1963) Type: Coin Designer: Series: Theme: Material: Bronze Gold- or silver content: Weight: 2.5 Diameter: 19 Thickness: Punch: Medal alignment Shape: 10-sided (decagonal) Obverse: Reverse: Edge: Plain Privy mark: Mint mark: Number produced: 72.000.000 Krause and Mishler number: KM# 119 Catalogue number: Details: Submission date: 14-03-2012 16:59:27 Submitted by: Knolraap Last updated on: 16-04-2017 22:54:05 Last updated by: Chilian CATAWIKI CATALOGUE VALUE PROOF: FDC/BU: MS (mint state/mint condition): € 1.00 EF (extremely fine): € 0.50 VF (very fine): € 0.25 F (fine): € 0.15 VG (Very Good): G (good): 4 Quote Link to comment Share on other sites More sharing options...
olivesman Posted May 11, 2017 Report Share Posted May 11, 2017 https://www.shopgoodwill.com/auctions/Glory-GFR-S80-Bill-Counter-39510694.html 3 Quote Link to comment Share on other sites More sharing options...
3n1 Posted May 11, 2017 Report Share Posted May 11, 2017 cant see coins unless currency restructure the coins were pulled because they had more value melted down ... peace 1 Quote Link to comment Share on other sites More sharing options...
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