The Central Bank strengthens banks in local currencies of small groups

[Big_J]

Just sounds so good!

[DWS112]

On 12/5/2017 at 7:29 AM, yota691 said:

The source said that "the Central Bank to pay cash from small groups to government banks and private banks have been distributed amounts given to banks during the month of November last year of the current (554,000,000) dinars

 

Something new coming down the pike?

[angrycat]

On Wednesday, December 06, 2017 at 12:02 AM, Nurul said:

👍👍👍👍

 

On Wednesday, December 06, 2017 at 12:02 AM, Nurul said:

👍👍👍👍

pkabor

[SnowGlobe7]

On 12/5/2017 at 10:27 AM, Rmc10 said:

 

I'm actually a girl. Lol. Even funnier

 

Girl I am sorry!

[SocalDinar]

Glad i got rid of my 50s before they were terminated. .... Anyone remember the taxi driver stories and how all the notes were worn and torn. Makes you wonder if this is to replace all the bad notes that are in bad shape

[zzztop]

1 hour ago, SocalDinar said:

Glad i got rid of my 50s before they were terminated. .... Anyone remember the taxi driver stories and how all the notes were worn and torn. Makes you wonder if this is to replace all the bad notes that are in bad shape

Most likely

[nannab]

On 12/5/2017 at 12:01 PM, steveh12 said:

I'm So CONFUSED!! 

 

  It get's better. Welcome

[Integrativedoc]

On 12/5/2017 at 3:13 PM, Butifldrm said:

 

Yes, the lower denoms we need to see would literally have no value at the the IQD's current rate.  This is why the CBI retired the $50 Dinar note.  The reason this article states that the CBI is supporting the Banking sector with lower denominations of $500 and $1000 is because one of the biggest complaints from the citizens is that when they make a purchase there is a shortage of lower denominated notes to make change.  For example... someone goes into a store to buy a pack of cigarettes which cost $5.00 USD or 5,920 Dinars and they only have a 25K note and the shop keeper has no 1000 or 500 notes for change.  The citizens have been losing a lot of money from  liquidity problems within the markets.  IMO, the CBI is just making the case that they have been supplying these notes to banks and therefore the market.  The lower denoms described in this article have been being printed since 2003.  https://cbi.iq/page/89

That is why the currency is tattered and torn and taped together. They are uneducated so they rip a piece of a note off and use it as smaller amount. This is why the article recently about the banks removing the damaged notes.

[Reez]

Hello all,I am nubie. Just joined the club. Many thanks for awesome news all of u especially yota. Gud job 👍👍. My piece of opinion is that this all impressive move forward has got to be from the recent Cbi visit to DC & UNSC in October objectives in revision of their new monetary policy,selecting polymer paper currency(3zero deleted project) aka small denom,combating money laundering(AMLA),funding small medium project etc which all of this requires security & stability which I believe Haider is already begun launching the campaign promoting it through various activities especially trade relations,promo their global aspirations,security checked etc. Now the only piece of puzzle missing is the IMF Article 8. The delete zero project may have already begun without any prior notice coz so far there was no postponement news lately either since the news in late March 2017 where earlier plan was in early 2017. I believe it is coming anytime sooner than we could ever imagine. Imo only.

 

Just keeping the faith. 

Go Rv as always😊✌💪

Attached is some of previous related articles & Cbi news. The link concerned ;

1.https://cbi.iq/news/view/495

2.http://dinarvets.com/forums/index.php?/topic/246868-cbi-news-11202018/

3.http://dinarvets.com/forums/index.php?/topic/221845-upgrading-of-the-iraqi-currency/

4.http://dinarvets.com/forums/index.php?/topic/234052-parliamentary-finances-approach-to-postpone-the-project-to-delete-the-zeros-until-further-notice/

Tq & best of days to u all. Lets go Iraq💪✌

Edited December 10, 2017 by Reez

[Reez]

The Central Bank strengthens banks in local currencies of small groups💘the title says it all😊. The Atm machine is ready to serve the lower new notes hopefully.