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Central Bank of Iran: We can not provide hard currency


yota691
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Tehran agrees with Baghdad to exclude the dollar from bilateral trade
 
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Updated 07/07/2018 12:24 pm
 
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(Watan News) - Follow-up


The governor of the Central Bank of Iran and Crown Prince Ali, said that his country has concluded monetary agreements with Iraq, Russia and Azerbaijan to deal with national currencies.

 

The governor added that the monetary agreement between Iran and Turkey has been activated to deal in riyal and lira. In this context, several bank credits (LC) have been opened.

 

He pointed out that the Central Bank of Iran knows the possibilities of bilateral and multilateral monetary agreement and has been holding this type of agreements with several countries. C

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  • yota691 changed the title to Iran plans to conclude monetary agreements with Iraq, Russia and Azerbaijan
 
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Follow - up / Tomorrow 's Press: 

revealed the governor of the Central Bank of Iran Waliullah Saif, on Saturday, for the follow - up to the conclusion of monetary agreements with Iraq, Russia and Azerbaijan to handle national currencies. 

Saif said in a statement to the Fars News Agency that the monetary agreement between Iran and Turkey had been activated (to deal with the riyal and the lira). In this context, several bank credits (LC) were opened.

He pointed out that the Iranian Central Bank is aware of the potential of the bilateral and multilateral monetary agreement and this type of agreement has been concluded with several countries. 

Saif said the bank was following up on monetary agreements with Iraq, Russia and Azerbaijan.
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Follow - up / Tomorrow Press: 

Deputy Iranian Trade Development Organization chief Mohammad Reza Mododi, Iran has maintained its share of $ 6 billion of exports to Iraq in recent years. 

"Our commercial situation with Iraq is acceptable," Mudoudi told Fars news agency. "Iran's trade relations with Iraq during the years have been almost stable. This stability comes in unstable conditions plaguing Iraq."

"The instability in Iraq has reduced the share of Turkish exports to Iraq by one third, but Iran is still maintaining its share of exports to this country," he said. 

"While we have maintained a six billion dollar share of exports to the Iraqi market, this country has great opportunities to implement construction and construction projects," Mudoudi said. 

"The time has come to double our economic activity in Iraq and start our economic activity in Syria," he said. 

"The two countries, Iraq and Syria, are ready to take advantage of Iranian exports," Mudoudi said.



Saif said in a statement to the Fars News Agency that the monetary agreement between Iran and Turkey had been activated (to deal with the riyal and the lira). In this context, several bank credits (LC) were opened. 

He pointed out that the Iranian Central Bank is aware of the potential of the bilateral and multilateral monetary agreement and this type of agreement has been concluded with several countries. 

Saif said the bank was following up on monetary agreements with Iraq, Russia and Azerbaijan.
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Iran plans to activate monetary agreements with Iraq

Iran plans to activate monetary agreements with Iraq
 



 Twilight News    
 3 hours ago

- The governor of the Central Bank of Iran (CBE) and Crown Prince Ali Saif announced on Saturday the follow-up of the bank's conclusion of monetary agreements with Iraq, Russia and Azerbaijan to deal with national currencies.

Saif said that the monetary agreement between Iran and Turkey (to deal in riyal and lira) has been activated. In this context, several bank credits (LC) have been opened.

He pointed out that the Iranian Central is aware of the possibilities of bilateral and multilateral monetary agreement has been this kind of agreement with several countries.

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Iran: Agreement with Iraq and other countries to deal in national currencies

3 hours ago

7720181311556201719144210815519875.jpg

NRT

The governor of the Central Bank of Iran and Crown Prince Ali Saif said on Saturday that his country has concluded monetary agreements with Iraq, Russia and Azerbaijan to deal with national currencies .

The news agency "Fars" news, Saif, was quoted as saying in a press statement, a day, 7 July that it was activated monetary agreement between Iran and Turkey to deal riyal and the lira, and in this framework has been opened several bank credits , " L'.C ", adding that his country has concluded Also signed monetary agreements with Iraq, Russia and Azerbaijan to deal with national currencies. 

Saif explained that the Central Bank of Iran is aware of the possibilities of bilateral and multilateral monetary agreement and has concluded this kind of agreements with several countries .

A number of Iranian banks are now preparing to open joint accounts in some countries on the basis of national currencies .

R.

http://www.nrttv.com/AR/News.aspx?id=2102&MapID=5

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12 minutes ago, Butifldrm said:

A number of Iranian banks are now preparing to open joint accounts in some countries on the basis of national currencies .

R.

And that makes the value of the Iraq dinar,,,,,,, drumroll pleaaasss,....,..........,........,...........,..,

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7 minutes ago, Floridian said:

".....that it was activated monetary agreement between Iran and Turkey to deal riyal and the lira,..."

 

 

 

Why would anyone accept Iran's currency?

 

 

XE Currency Converter: USD to IRR

1 USD =42,875.00IRR

but if they start using Dinar...

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  • yota691 changed the title to After an agreement with Iraq .. Iran responds to sanctions Washington against the dollar

After an agreement with Iraq .. Iran responds to sanctions Washington against the dollar

After an agreement with Iraq .. Iran responds to sanctions Washington against the dollar
 



 Twilight News    
 39 minutes ago

In a new challenge to the United States, Iran announced the signing of new agreements with some countries to complete transactions with them in local currencies, and the exclusion of the US dollar. 
"We have concluded monetary agreements with Iraq, Russia and Azerbaijan to deal with national currencies and to exclude the dollar from mutual trade," said Iran's central bank governor, Leila Seif. 
The official said Iran, in a statement quoted by the news agency "Fars" Iran, that the Iranian Central is aware of the multilateral monetary agreement and bilateral, and that this type of agreement previously held with several countries. 
The governor of the Central Bank of Iran activation of the monetary agreement between Iran and Turkey to deal in riyal and lira, and the opening of several bank credits in this framework. 
The agreements come with the return of US sanctions on Iran after US President Donald Trump announced Washington's withdrawal from the nuclear deal with Iran.

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  • yota691 changed the title to Expert: Iraq will reject an Iranian request to use local currencies instead of the dollar in trade

 

Monday 9 July 2018 10:37 am
Number of readings: 540

irq_1501751300_1531121868.jpg&max_width=300

BAGHDAD (Reuters) - Iraq's approval of any Iranian request to replace trade between the two countries in local currency instead of the US dollar has been ruled out by economic expert Majid al-Suri, while he pointed out that such an agreement would not be in favor of Iraq.

"Iraq can not apply trade with Iran in local currencies because the trade balance will be in favor of Iran and most of the trade is for its benefit," he told Iraq News.

He added that "the implementation of this agreement will work to store the Iraqi currency within Iran, which is not in the interest of Iraq, pointing out that" such a decision is not only the competence of the Central Bank of Iraq, but the power of the Government of the Ministry of Finance in consultation with the Central Bank of Iraq and do not expect the bank The Central Bank of Iraq on such a matter. "

"A number of countries, including India, Russia, China, Brazil and South Africa, are trying to reduce the dollar's control over international trade and the trade war between China and the United States has resulted," he said.

The governor of the Central Bank of Iran and Crown Prince Ali Abdullah Saif announced on Sunday the follow-up of the bank to conclude monetary agreements with Iraq, Russia and Azerbaijan to deal with national currencies. Finished

 

 

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Now the article Yota posted under the topic of Iraq’s debt to Iran for electricity not being paid due to the “mechanism” of payment makes more sense to me. 

The word “mechanism” was confusing to me until I read this article. Seemingly, Iraq was paying in dollars instead of local currency and Iran wouldn’t accept dollars due to sanctions.  If I’m off base, let me know. 😊

So Iraq convert dollars into riyal and pay the darn bill and help the Iraqis. 

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Expert: Iraq will reject an Iranian request to use local currencies instead of the dollar in trade


irq_1501751300_1531121868.jpg&max_width=300

 

9th July, 2018

 

Iraq's approval of any Iranian request to replace trade between the two countries in local currency instead of the US dollar has been ruled out by economic expert Majid al-Suri, while he pointed out that such an agreement would not be in favor of Iraq

"Iraq can not apply trade with Iran in local currencies because the trade balance will be in favor of Iran and most of the trade is for its benefit," he told Iraq News

He added that "the implementation of this agreement will work to store the Iraqi currency within Iran, which is not in the interest of Iraq, pointing out that" such a decision is not only the competence of the Central Bank of Iraq, but the power of the Government of the Ministry of Finance in consultation with the Central Bank of Iraq and do not expect the bank The Central Bank of Iraq on such a matter. "

"A number of countries, including India, Russia, China, Brazil and South Africa, are trying to reduce the dollar's control over international trade and the trade war between China and the United States has resulted," he said

The governor of the Central Bank of Iran and Crown Prince Ali Abdullah Saif announced on Sunday the follow-up of the bank to conclude monetary agreements with Iraq, Russia and Azerbaijan to deal with national currencies

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http://oneiraqnews.com/index.php?aa=news&id22=5656#.W0NrhqVOk0P.......

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2018/7/9 10:00:25 AM 
It is said that the first coins that were minted in Lydia (now western Turkey) were often forged, and that the forging of coins in ancient Rome was a daily occurrence.

 

The Roman emperors forged the coins in their own way; they made them of low-value metals; which devalued the currency, and then tried to pass it to trade at a value higher than its real value.
 

Counterfeit money remained a problem even thousands of years later. At the beginning of the civil war in America in 1861, half of the paper currency was counterfeit.
 

Governments around the world are trying to take action to prevent counterfeiting of paper currency and to devise new currency printing techniques that make it easier to distinguish them from counterfeit money.
 

Here are the security features of the 10 most commonly traded paper currencies in the world, according to the "titlemax" website.

 

10. South African Rand (category 50 Randa):

 

56e9fc55-8113-4334-840c-dbd34b783cb3.png

 

The most striking feature of this currency, which is difficult to counterfeit, is the dark band that appears complete when exposing the paper to light, showing the value of the currency, the emblem of the nobility, and the words "Rand" and "SARB", the central bank of South Africa.
 

This paper currency also has prominent lines on its left and right sides, which helps the visually impaired to know the value of the currency.

 

9. Swiss Franc (CHF 100):

 

3ada7534-a6f5-4d4c-946e-be6a999d5edd.png

 

On the front side of this coin is the picture of the famous Swiss sculptor Alberto Giacometti, on the reverse side showing his sculpture "L'Homme Au Doigt", the most expensive sculpture to be sold at an auction in the world.
 

One of the security features of this paper currency is that when the light falls at a certain angle, the value of the hidden currency appears at the top of the sheet, and the numbers on the paper are printed in a prominent print that is resistant to damage, not affected or erased when rubbed.

 

8. British Pound (50 Sterling):

 

ee04627b-4377-4b13-802d-5c5141492339.png

 

This paper is notable for the sterling silver price of £ 50 and the Bank of England. The colors and lines of the paper are very clear and have no rough edges, making it difficult to rig.
 

In addition to the clear picture of Queen Elizabeth II in the middle of the security, there is another water image that shows clearly, and shows the value of the currency when placing the paper in front of the light.

 

7. Yen (10,000 yen):

 

f24a9bc1-3a06-44ba-85f5-67d9a835a89f.png

 

When exposing this paper to light, three vertical water lines appear, making it difficult to reproduce the paper using personal computers.
 

Looking at this paper from a certain angle, 10,000 appears in the bottom left of the front, and the word "NIPPON", which means Japan in Japanese, appears in the upper right of the back.
 

Mexican peso (1,000 pesos):

 

527c62ec-e9df-404b-80be-c4de111e56c9.png

 

The colored lines cover the background of this paper currency, making it difficult to falsify. This is because these fonts are difficult to imitate, because currency copying machines place points instead of lines.
 

The Mexican pesos from 200 to A also contain two rows of numbers that must be in identical order, so that the paper is original and not forged.

 

Euro (€ 200):

 

8668b1df-66e4-4933-b81f-aedb1717bbd1.png

 

When you place this paper in front of the light, you can see the incomplete number 200 at the top of the paper completely, and the dark line at the bottom of the paper will appear, showing the word "Euro" and the value of the currency written in a small line.
 

When you move this paper currency, the three-dimensional image remains moving and changing between the currency value and the window shape, as well as changing the color of the currency in the back from purple to green or brown.
 

Australian Dollar ($ 5):

 

a0537311-c496-4c3a-90ef-9e417a281998.png

 

The Spinebill, which is located above its wings, changes its color. The Spinebill, which is located below it, moves right and left and changes its color as well. The number 5 direction inside the building Fed down the sheet.
 

This paper is made of polymer, which enhances its ability to resist damage as well as being environmentally friendly.

 

3. Canadian Dollar ($ 100):

 

3bfd2394-5d49-4457-9824-4dd44700b0dc.png

 

This is a highly visible and colorful photograph of Canada's eighth Prime Minister, Robert Borden, as well as a second photograph of a building that changes color when the paper is moved. The building is surrounded by a row of maple leaves.

 

Singapore Dollar ($ 1000):

 

8367d631-1ac7-43e4-86a7-a79ed59d62e4.png

 

This paper is printed in hard print, hard to falsify to Joseph Isaac, the first president of Singapore after its independence.
 

In addition, the capital letters are particularly prominent for the Singapore word below; it helps the blind to easily identify the paper category.
 

At the back of the paper, the words of the Singapore national anthem "Majola Singapura", which means "Long live Singapore", were written in a line that is too small to imitate.

 

1. USD ($ 100):

 

23cedb18-f216-4f0f-98c2-0c4da105e843.png

 

The United States has issued a new, innovative $ 100 counterfeiting paper, containing many of the security features that make it difficult to falsify.
 

One of the most striking security features of this paper is that when exposed to light, a hidden water image of Franklin Roosevelt, one of the founders of the United States, can be seen from both sides.
 

Beside that, there is a three-dimensional blue bar near the middle of the paper, and the copper color of 100 and the bell inside the bottom of the paper are green when you move the paper.


Source: Numbers

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                                               Thanks f26
 
 
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  • yota691 changed the title to Central Bank of Iran: We can not provide hard currency
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