MntGoat...Here Comes The RV.

[Luigi1]

3-7-2018   Newshound/Intel Guru Mnt Goat   Here it comes...RV...All I can say is – I TOLD YOU SO!  Here come the re-education process we have been waiting for all along.  Folks – Iraq is starting the rollout the rollout. Now be patient and let the process go forward. We will be at the banks shortly.  On Tuesday Iraqi TV was showing lower category notes and explaining them to give the citizens instructions on how to use them and what to expect in the coming weeks. WOW!  Then later out pops this article in the news media. Can it get any better?  Article:   "CURRENT NOTES SOON TO BE REPLACED"   Quote:  "About 5 trillion Iraqi dinars ($4.3 billion USD) will circulate along with the old notes, said al-Yasseri, gradually replacing the older issues. He added that for now, both old and new notes will circulate side-by-side."

 

[Luigi1]

here's another article related to the above...

 

8 Mar 2018  TNT...

BAP: Perhaps a little encouragement for everyone. I just received an update from one of my best sources. Today, banks received notice from the Treasury Department letting them know that they need to be prepared for this to go hot anytime after 8:00 PM tonight.. Very encouraging to me.

[Rmc10]

You are late to the party. We already started without you as someone posted this yesterday. 😁🎂🍸🍾🍡🍹🌴🐙

Edited March 8, 2018 by Rmc10

[danielchu]

This does say REPRINT..as far as i know no new small notes have been issued to be REPRINTED!

[DinarThug]

2 hours ago, Rmc10 said:

You are late to the party.  someone posted this yesterday.

 

Luigi - Nobody Wants To Be Served Prechewed Goatmeal !  

 

     

[Artitech]

I thought ole Tony was in slammer?  

[Carrello]

 

Note date of article and similar same language used by MG in red:

New Iraqi Dinar banknotes feature stronger security features

May 11, 2014 by Amir Abdallah

 

Central Bank of Iraq Basra Branch – file photo

Last week, the Central Bank of Iraq announced the circulation of new banknotes featuring stronger security features in both small and large denominations to make counterfeiting more difficult.

According to Ihsan Shamran al-Yasseri, the CBI’s treasury director, there is not much difference in the old and new notes except for the safer, more effective technical specifications of the latter. He said security symbols and technical characteristics will provide not only longer life but will make the notes nearly impossible to fake.

Among the new features added to the regular colored strands are a 1mm colored ribbon guarantee thread for the smaller denominations and 4mm for the notes of greater value. More features are not visible to the naked eye but are seen by scanners, added al-Yasseri. Another security addition that is world-recognized is an optical feature called SPARK.

Other features include raised dots to help those with vision issues. A protective film is also added to prevent deterioration due to constant exchange of the notes as they circulate to help them last up to 10 years as opposed to the usual 3 to 5 years.

Current notes soon to be replaced

About 5 trillion Iraqi dinars ($4.3 billion USD) will circulate along with the old notes, said al-Yasseri, gradually replacing the older issues. He added that for now, both old and new notes will circulate side-by-side.

Economist Bassem Jameel Antoine views the reprints of the Iraqi currency as a “necessary requirement”. He told Mawtani that the current notes in circulation are overused and the new notes containing new security features will be more effective against constant circulation and forgery attempts. These currency defenses are used worldwide against counterfeiting and tampering, he added. He also said that it is important that the public understands the new features and the technologies behind it to promote the circulation of the reprinted version.

Iraqi parliament’s economic committee MP Ibrahim al-Rikaby agrees that this will help achieve currency reform hence their support of the old notes replacement. He stated that the step will help strengthen the Iraqi dinar against other world currencies, make the currency easy to carry and circulate in banking transactions, selling and buying operations as well as in currency exchange.

Edited March 9, 2018 by Carrello

[Flash101]

Then we better swap ours out when the new becomes available unless they make the move before hand.

 

101

[King Bean]

6 hours ago, Carrello said:

Last week, the Central Bank of Iraq announced the circulation of new banknotes featuring stronger security features in both small and large denominations to make counterfeiting more difficult.

Well, since they don't currently use any small denominations, I take this to mean they are on the way soon ! IMO. 

[King Bean]

15 hours ago, Artitech said:

I thought ole Tony was in slammer?  

 

That snake was released on probation last year, but it didn't take long for him to get back on the air with his usual BS. 

[Carrello]

9 hours ago, King Bean said:

Well, since they don't currently use any small denominations, I take this to mean they are on the way soon ! IMO. 

Good theory, but the article was written four years ago.

[markb57]

17 hours ago, Flash101 said:

Then we better swap ours out when the new becomes available unless they make the move before hand.

 

101

check the article date....2014

[Flash101]

3 hours ago, markb57 said:

check the article date....2014

Thnx +1 I miss'd that.

 

101

[King Bean]

5 hours ago, Carrello said:

Good theory, but the article was written four years ago.

 

Then we should just about be there ( given the Iraq grasp of time, that is ) !!  LOL. 

Edited March 10, 2018 by King Bean