redenominated banknotes slated for July 2013

[VIZIOIRAQI]

Iraq discloses designs for redenominated banknotes slated for July 2013

Jul 21, 2012 08:17 AM Category: Middle East

According to Iraq's semi-official Alsabaah newspaper, the finance committee received specimens of the new Iraq banknotes from the Central Bank of Iraq. The specimens were of the 25, 50, 100, and 200 dinars. The committee urged the central bank to delay the introduction of the new currency from January 2013 to July 2013 to study all the aspects of the process.

Other Iraqi media reports state that the new currency will be issued in denominations of 5, 10, 25, 50, 100, and 200 dinars for banknotes and 25, 50, 100, 250, and 500 fils, plus 1 and 2 dinars for coins. The designs have been already chosen for banknotes and coins:

5 dinars: Beck waterfall and palm tree
10 dinars: dinar coin minted in the reign of the Umayyad dynasty and lighthouse Hadba in Mosul
25 dinars: King Hammurabi receiving the law and farming of Iraqi Kurdistan
50 dinars: King Codaa and Fort Ukhaydir
100 dinars: Central Bank building in Azwaip area in Baghdad and ziggurat
200 dinars: bridge and school

Courtesy of Mosab K. Ibrahim.

http://www.banknotenews.com/files/e6aeb4a9a73b43af93fb33b73f0c705d-2193.php

[gregp]

Bam!!! Now we're talking!! Right before Ramadan.

[Saint]

wow. Go RrrrrrVvvvvvvv   :backflip:

[10 YEARS LATER]

  

[fib1618]

Dangit!

[MyLadiesDaddy]

The committee urged the central bank to delay the introduction of the new currency from January 2013 to July 2013 to study all the aspects of the process.

Read more: http://dinarvets.com/forums/index.php?/topic/151000-redenominated-banknotes-slated-for-july-2013/#ixzz2Vw24rcGB

 

I truly believed that this was supposed to have been done in Jan. 

 

Lets hope they don't delay this again as I don't for one second believe 

 

that Iraq would withstand another delay. 

[EagleEye]

I'm with you Saint...gitter done boys !!

[MrRoylt]

love it ! lets go RV!

[dillonsdinar]

Iraq discloses designs for redenominated banknotes slated for July 2013

 

"Redenominated banknotes".....This is what I've been fearing and is not what we want.

[Darin]

Seems The Ride Is Soon Over. Whether Its Boom Or Bust, Rd Or Rv, We Will See A Conclusion.

Still Havent Seen A New Currency Code....

Edited June 11, 2013 by Darin

[fib1618]

Iraq discloses designs for redenominated banknotes slated for July 2013

"Redenominated banknotes".....This is what I've been fearing and is not what we want.

Yup. Not what we want.

[NeedRv]

Its just the design process.... going to take another 2 years to actually come out with the bills.... but i'm all for a RV NOW!!!!!!!!

 

GO RV HurRV 

[VIZIOIRAQI]

Its just the design process.... going to take another 2 years to actually come out with the bills.... but i'm all for a RV NOW!!!!!!!!

 

GO RV HurRV 

Actually it was started Sept of last year on design approval and printing a process of six months . The Money is Done and should have been out Jan 1st of this year . Many Articles in the forum to back that up!

[tkeaton]

Sounds to me like a logical next step in getting this thing done.

 

Go RV!!!!!!!!!!!!

[TQueezy]

Redenominated banknotes? Um...

Why are we all cheering this?!

[NeedRv]

Actually it was started Sept of last year on design approval and printing a process of six months . The Money is Done and should have been out Jan 1st of this year . Many Articles in the forum to back that up!

oh I know they were talking about it for a while (like everything else) but ok, I stand corrected.... but like I said I can go for a RV now if they want.... 

[The Machine]

Redenominated banknotes? Um...

Why are we all cheering this?!

 

Because if lower value notes like 5, 10, 20 come out that means the rate has to rise ....... hopefully triple zero notes outside Iraq are taken at face value.....

[MyLadiesDaddy]

Am I actually the only one here that clearly sees the word, redenominated , as simply

 

stating that these new notes simply have a lower denomination or number on them? 

 

Instead of value to them. Come on peeps work with me here,

 

The Iraqi Government formed a Committee to set the value of the Iraqi dinar

2013-06-10

Read more: http://dinarvets.com/forums/index.php?/topic/150997-the-iraqi-government-formed-a-committee-to-set-the-value-of-the-iraqi-dinar/#ixzz2Vw9q6H2B

 

The topic article tells us the notes are, and have been for a while, printed.

 

The second one tells us that the powers that be in Iraq are to determine the value. 

 

Why is it that some just don't want to see what is plainly before there eyes.

[GodBlessAmerica]

Redenominated banknotes? Um...

Why are we all cheering this?!

Exactly. This is not good, but all the "gurus" will tell you it is! I had my doubts when I got in this "investment" (sheeez 7 years ago). I'm just glad I didn't buy much.

[Belecosity]

RD/RV just end it for all of us. I would love an RV or increase for my own sake and for my pride with all the people around me telling me it was impossible, but honestly just let something happen......

[TQueezy]

Because if lower value notes like 5, 10, 20 come out that means the rate has to rise ....... hopefully triple zero notes outside Iraq are taken at face value.....

Actually, it most likely means they will introduce a new currency code and wipe the slate clean, clearing any potential gains in value in favor of a per note exchange system, value neutral. That's how currency redenominations work, sadly.

[4aprofit]

IMO...why do they need smaller notes...unless there is to be a higher value coming?...

[RAGARCIA62]

I'm with you, lady grace.

[aliciadogz]

Thanks for the post VIZ.it is good news I feel we getting there now.

[TQueezy]

Am I actually the only one here that clearly sees the word, redenominated , as simply

 

stating that these new notes simply have a lower denomination or number on them? 

 

Instead of value to them. Come on peeps work with me here,

 

I thought it could just be a word and definition confusion as well, just simply saying the new notes have lower denominations, that they have been redenominated as in redesigned, not replaced, but...

It's too hard to stretch it to that extent.