ALBUNDY Posted July 23, 2013 Report Share Posted July 23, 2013 (edited) Central bank: a new plan to withdraw and replace damaged currency 7.23.2013 Grumbled a large number of citizens across the country from the growing phenomenon of damage and rupture of small groups of paper currency, with the CENTRAL BANK ANNOUNCED a PLAN for the WITHDRAWAL of BANKNOTES DAMAGED and REPLACED with NEW ONES. Observers said: " The problem of DAMAGE and RUPTURE of the CATEGORIES of BANKNOTES 250, 500, 1,000 DINARS worsened significantly within the past few months and that most of the current banknotes of these categories damaged and torn , which can cause sometimes often Baharajat and problems." And said the deputy governor of the Iraqi Central Bank Zuhair Ali Akbar: "The government banks in the provinces did NOT STOP the WITHDRAWAL of CURRENCY DAMAGED from circulation, however, put an AMBITIOUS PALN to PRINT the categories of alternative techniques of high quality," adding that "the CATEGORIES that will REPLACE the DAMAGED PRINTED on PAPER BETTER THAN the PAPER USED in the PRINTING of BANKNOTES to NEIGHBORING COUNTRIES countries. " The BANKNOTES CIRCULATING in IRAQ PRINTED in the UNITED KINGDOM by a BRITISH COMPANY, is gaining all denominations leafy current specification much better than the specifications of those that were in circulation until 2004, it was PRINTED during the NINETIES in CHINE and IRAQ on PAPER LOUSY and specifications EASY to COUNTERFEIT. THE LINK : http://www.alestiqama.com/news.php?cat=business&id=2634 Edited July 23, 2013 by ALBUNDY 4 1 Link to comment Share on other sites More sharing options...
sq2 Posted July 23, 2013 Report Share Posted July 23, 2013 Nice find Mr. AlBundy! Link to comment Share on other sites More sharing options...
sanders2340 Posted July 23, 2013 Report Share Posted July 23, 2013 Sound Good!!! As long as they replace them with 1, 5, 10, 20, 50, & 100. Hurry, Hurry, Hurry Link to comment Share on other sites More sharing options...
Boozer Posted July 23, 2013 Report Share Posted July 23, 2013 Do it Link to comment Share on other sites More sharing options...
ALBUNDY Posted July 23, 2013 Author Report Share Posted July 23, 2013 ASAP. GO RV. Link to comment Share on other sites More sharing options...
Psych Posted July 23, 2013 Report Share Posted July 23, 2013 They have been talking like this for years. It's like Lucy asking Charlie Brown to kick the football. 4 2 Link to comment Share on other sites More sharing options...
uncirculd Posted July 23, 2013 Report Share Posted July 23, 2013 governor of the Iraqi Central Bank Zuhair Ali Akbar uhhh, I missed something here. Isn't he Zuhair Ali Akbar / General Manager, Central Bank of Iraq branch of al-Basrah I guess I read too much into it. What is Turki's official role? Ahhh.....so confusing. Link to comment Share on other sites More sharing options...
staunch Posted July 23, 2013 Report Share Posted July 23, 2013 (edited) governor of the Iraqi Central Bank Zuhair Ali Akbar uhhh, I missed something here. Isn't he Zuhair Ali Akbar / General Manager, Central Bank of Iraq branch of al-Basrah I guess I read too much into it. What is Turki's official role? Ahhh.....so confusing. Deputy govrnor Edited July 23, 2013 by staunch Link to comment Share on other sites More sharing options...
SocalDinar Posted July 23, 2013 Report Share Posted July 23, 2013 Careful what you wish for 1 Link to comment Share on other sites More sharing options...
Sweet baby dinar Posted July 23, 2013 Report Share Posted July 23, 2013 Good deal Link to comment Share on other sites More sharing options...
sanders2340 Posted July 23, 2013 Report Share Posted July 23, 2013 Deputy govrnor governor of the Iraqi Central Bank Zuhair Ali Akbar uhhh, I missed something here. Isn't he Zuhair Ali Akbar / General Manager, Central Bank of Iraq branch of al-Basrah I guess I read too much into it. What is Turki's official role? Ahhh.....so confusing. If I'm not mistaken, Akbar is currently serving in the role that Saleh once served before he was thrown in jail by Maliki. I could be wrong, but I think I read that several months ago. Link to comment Share on other sites More sharing options...
sandfly Posted July 23, 2013 Report Share Posted July 23, 2013 GO RV Link to comment Share on other sites More sharing options...
uncirculd Posted July 23, 2013 Report Share Posted July 23, 2013 (edited) Deputy govrnor Thanks friend. And Saleh is still deputy governor of CBI or been demoted? I have read articles by Saleh and he was working there, but it is so confusing, I don't get it. Maybe they were recirculated articles. Edited July 23, 2013 by uncirculd Link to comment Share on other sites More sharing options...
mrref Posted July 23, 2013 Report Share Posted July 23, 2013 (edited) They are replacing the old currency with the same just better quality paper...They are not replacing with lower denoms..... Edited July 23, 2013 by mrref 2 Link to comment Share on other sites More sharing options...
Alex38 Posted July 23, 2013 Report Share Posted July 23, 2013 this article sucks! hahahaahha... why is everyone happy about this???????? c'mon, man! 3 Link to comment Share on other sites More sharing options...
keepmwlknfny Posted July 23, 2013 Report Share Posted July 23, 2013 this article sucks! hahahaahha... why is everyone happy about this???????? c'mon, man! I know....tells me they dont plan on doing anything with the currency anytime soon if they are gonna spend money to replace all the lower denoms 2 Link to comment Share on other sites More sharing options...
Carrello Posted July 23, 2013 Report Share Posted July 23, 2013 Perhaps they are just saying they are going to replace currency just to appease the natives, so to speak. Personally, I think they are stalling till they are ready to go all electronic. Just a hunch. 2 Link to comment Share on other sites More sharing options...
Catluver67 Posted July 23, 2013 Report Share Posted July 23, 2013 Perhaps they are just saying they are going to replace currency just to appease the natives, so to speak. Personally, I think they are stalling till they are ready to go all electronic. Just a hunch. Agreed Carrello! You said smart cards July 31st? Last I saw was the 'end of the seventh month' but have been real curious about a specific date. Sounds promising to me... Link to comment Share on other sites More sharing options...
Alex38 Posted July 23, 2013 Report Share Posted July 23, 2013 I know....tells me they dont plan on doing anything with the currency anytime soon if they are gonna spend money to replace all the lower denoms I have to agree! this blows! Link to comment Share on other sites More sharing options...
rdoncampos Posted July 23, 2013 Report Share Posted July 23, 2013 GOOOOOOOOOOO RV Link to comment Share on other sites More sharing options...
SocalDinar Posted July 23, 2013 Report Share Posted July 23, 2013 this article sucks! hahahaahha... why is everyone happy about this???????? c'mon, man! My thoughts to on this Alex. Someone actually wants to see new 50s and 100s? Link to comment Share on other sites More sharing options...
ronscarpa Posted July 23, 2013 Report Share Posted July 23, 2013 Good article AlBundy ... Thanks for posting...! Link to comment Share on other sites More sharing options...
lone star Posted July 23, 2013 Report Share Posted July 23, 2013 What I get out of this is that there is a move afoot to replace lower denominated currency. I don't necessarily believe they are planning to simply replace the damaged denominations currently out there. I certainly wouldn't expect them to just say "Oh, well. We're going to RV the currency so don't worry about those damaged denoms, as we will be coming out with even lower denoms, but with increased value." I think they felt they needed to say something to ease people's frustration. We shall see. 2 Link to comment Share on other sites More sharing options...
zigmeister Posted July 23, 2013 Report Share Posted July 23, 2013 I see this as being a very positive thing for us. For one they are not planning to RD anytime soon. I like that. Why would they go in this direction if they were planning on killing zero's then reinvest in a new currency to print? So this is good. Now the people have been hearing the old tattered dinar was going to be replaced. Which two weeks ago when I read it could mean anything, being somewhat leery as to what it might indicate I did believe something was up and about to happen in response to the worn dinar. This might be it. So as to whether they are replacing the 250, 500, 1,000 notes, while one could surmise it, but I do not read anywhere they are telling us they will be. This one paragraph at the end is very telling for me. Mostly because it does not make sense, but does it? The BANKNOTES CIRCULATING in IRAQ PRINTED in the UNITED KINGDOM by a BRITISH COMPANY, is gaining all denominations leafy current specification much better than the specifications of those that were in circulation until 2004, it was PRINTED during the NINETIES in CHINE and IRAQ on PAPER LOUSY and specifications EASY to COUNTERFEIT. Perhaps I am reading more into it than there is. However here is my thought; the new notes replacing them will be or has been printed in the UK. They are much better quality than those printed in the 90's. Those printed in the 90's were Saddam's printing in Iraq and China. Those dinar were ld's. What I suspect they are pulling the ld's that we have heard of but have never seen that were printed when the dinars we hold were. In other words I think they are pulling those notes out of the basement and putting them into circulation. Shabbibi mentioned doing this when the RD was put on hold as an alternative a year or so ago to deal with the worn notes in the meantime. Now I also agree with Carrello this all goes hand in hand, qi cards, ld's. This is an awesome article as I look at it, thanks Al, another super contribution. 2 Link to comment Share on other sites More sharing options...
supergirl Posted July 23, 2013 Report Share Posted July 23, 2013 this article sucks! hahahaahha... why is everyone happy about this???????? c'mon, man! I agree. Maybe I'm missing something here .... 1 Link to comment Share on other sites More sharing options...
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