|
Search the Community
Showing results for tags 'new currency.'.
Found 3 results
-
Here's two articles of Dinarian intetrests... CBI denies rumor of the issuance of a new currency. Rumor grow as some suggests the current IQD we have will be made obsolete. Treat as rumors. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: The CBI Denies “Information” Issuing A New Category Of Local Currency. ARTICLE: The Central Bank of Iraq denied, today, Monday, that the bank has any intention to issue a new currency or a small or large denomination during the current period. A member of the Board of Directors of the Central Bank of Iraq, Ahmed Barihi, said in a statement to “Al-Ma’louma” that “talk about issuing a new currency by the CBI is not true at the present time.” Berihi added, “If a new denomination of currency is issued, whether small or large, it will not affect the ER of the Dollar against the Dinar, but rather it will only serve and facilitate transactions in the simple market.” A member of the Board of Directors of the Central Bank of Iraq pointed out that “the Iraqi currency is stable & the existing denominations are sufficient.” A member of the Parliamentary Finance Committee, Representative Nermin Maarouf, announced in press statements that the committee will discuss with the Governor of the CBI the feasibility & motives behind taking the decision to issue the 20,000 Dinars denomination, the financial value of this denomination & other details related to its expected issuance. FROM OTHER SOURCES: The Governor Of The Central Bank Opens New Outlets For Selling Dollars At Baghdad Airport. ARTICLE: The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, opened new outlets to sell foreign currency (the Dollar) to travelers at Baghdad International Airport. A statement by the bank’s media office, seen by Al-Iqtisad News, stated that “the governor of the CBI was briefed on the mechanism for providing services that exchange companies will provide 24 hours a day to their customers,” stressing “the speed of completing transactions by government banks & exchange companies that sell Dollars to travelers in Baghdad International Airport is limited to a specific time. The governor stressed that “the step of opening new outlets at the airport will have positive effects, especially since it takes a short time for the traveler to obtain his share of the Dollar,” noting that the work of exchange companies at the airport will be monitored by the CBI & the Civil Aviation Authority, as well as branches. Open banks that provide services to customers, including selling foreign currency to travelers. During his visit to Baghdad International Airport, Al-Alaq discussed with the head of the Civil Aviation Authority, Imad Abdul Razzaq Al-Asadi, the strengthening of bilateral cooperation & the ongoing measures to open new outlets at all Iraqi airports.
-
Here's a disturbing article from Dinarland... Article suggest Iraq may not honor IQD abroad. A IQD RV-RI will not benefit the Iraqi People. Foreigners will gain all the benefits. The IQD we hold may possibly be declared a dead currency. Another scenario may be a LOP, abroad. Therefore the issuance of a new currency is vital. Treat as a rumor. Not verified. Your opine. From other sources: ARTICLE: A Economics Researcher Puts Forward A "Terrifying" Scenario. Economics researcher, Manar Obeidi, put forward that the money may not be hoarded by the Iraqis, already but may have been either destroyed or fled abroad. He asked "Is the IQD really hoarded". According to CBI, the volume of cash outside the banking system is around 76 trillion IQD representing more than 90% of all volume of cash issued is hoarded abroad. He further stated "All this leads to cash is not hoarded by the Iraqis but is either destroyed or hoarded abroad. NOTE: Google key word in article headline to read more at source...
-
Luigi found this article of Dinarian interests... Could a new currency be issed to replace our current IQD? Treat as a rumor. Not varafied. Your opine. 4-12-2021 Newshound Guru MilitiaMan: Article: "After April 9, 2003. .. Prospects for Financial Development and Existing Challenges" Quote: "...the issuance of the new currency, which resulted in** raising the price of the Iraqi dinar and making it get out of the prison in which he lived during the era of the previous regime, and his purchasing power improved rapidly, with financial and economic measures taken." And that "the Iraqi dinar, after 18 years, has become stronger than many currencies of neighboring countries, and others, regionally and globally, with the availability of a monetary block that is good compared to the Current circumstances..." Let that start to sink in... The issuance of a new currency...One where they raised the price of the IQD... But be sure, imo...they are telling us what has been done and in my opinion to be exposed...imo!
