50,000 DINAR NOTE , DELETE THE ZEROES

[jordan1]

I have read 2 articles in the last 48 hours , Both from the central bank ,  One talks about the introduction of a 50k note , the other about the deletion of the zeroes.... although contradicting to each other ie: (you would not need a 50k note fi you delete the zeroes) . both of the articles would tell you they are not going to rv ther currency as the bold faced liars say.....

 

 

just a thought ... these articles indicate they will either LOP or do nothing.

[bigwave]

I have read 2 articles in the last 48 hours , Both from the central bank ,  One talks about the introduction of a 50k note , the other about the deletion of the zeroes.... although contradicting to each other ie: (you would not need a 50k note fi you delete the zeroes) . both of the articles would tell you they are not going to rv ther currency as the bold faced liars say.....

 

 

just a thought ... these articles indicate they will either LOP or do nothing.

Do you have a link - please?

[DinarThug]

In light of the high levels of inflation banker: the deletion of zeros from the currency would not address the economic crisis

Ali Salman - 11.21.2013 AD - 15:48 | Hits: 61

Said banking expert Samir Nasiri: that the process of deletion of zeros, announced by the Central Bank of Iraq will not deal with the economic crisis that has plagued Iraq, particularly with regard to the standard of living decline and deterioration of services. He added Samir Nasiri that the process of deletion of zeros from the currency "will not address the economic crisis that has plagued Iraq, especially falling standard of living, unemployment and the deterioration of services in all areas. Alnasiri pointed out that the process of deletion of zeros from the currency will lead to" reduce the money supply concept narrow and will be reflected directly the nominal values ​​of salaries, stock and bond prices. He said it had a ten million dinars now has only ten thousand of them, which may lead to reduced consumption, which reflected negatively on the macro-economic situation of the country. However, the deletion of zeros dampens inflation is no longer useful for this deletion, because the Iraqi Central Bank data indicate that the rate of inflation has become only 7%. If the deletion of zeros does not address inflation, it does not contribute to the rise. The central bank announced last September its intention to delete the three zeroes from the currency and replaced during the year 2013, indicating that the process comes to ease inflation, and urged citizens to use its currency, rather than resorting to the U.S. dollar

13/5/131121

Old Iraqi coins

Author: ASJ, NF

Editor: NF, RS

13/11/22 16: 16

Hits: 157

Range/Baghdad

The Iraqi Central Bank, unveiled on Friday, would produce coins in small groups, indicating that these currencies, which have been issued sometime next year, will be written in both Arabic and Kurdish, a proposal for large banknotes worth fifty thousand dinars.

He said the Central Bank Governor said Abdel Basset Turki told the (term), "the Central Bank is currently working with tables under the supervision of specialized committees for the issuance of a new currency of large groups.

The Turkish "the largest category of coins available now is the 25 000 Iraqi dinar and buying power with not more than 23 dollars, so there is more of a proposal to the Central Bank, to ask more of the existing currencies, such as the issuing of up to 50 dinars."

"A Turkish Central Bank also issued coins, the absence of these classes that facilitate the process of dealing and purchase between the citizen and the Iraqi market, which was the Central Bank's handling", stating that "the small coins will be in both Arabic and Kurdish."

The CBI was founded as an independent bank under its law of the 6th of March of 2004, as an independent body and is responsible for maintaining price stability, monetary policy implementation, including exchange rate policies and procedures per day to buy and sell currencies.

http://www.almadapress.com/ar/news/21604/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%B3%D9%86%D8%B5%D8%AF%D8%B1-%D8%A7%D9%84%D8%B9%D8%A7%D9%85-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84-%D8%B9%D9%85

Do you have a link - please?

Whoomp - There It Is !

[dinarbeleiver]

I have read 2 articles in the last 48 hours , Both from the central bank ,  One talks about the introduction of a 50k note , the other about the deletion of the zeroes.... although contradicting to each other ie: (you would not need a 50k note fi you delete the zeroes) . both of the articles would tell you they are not going to rv ther currency as the bold faced liars say.....

 

 

just a thought ... these articles indicate they will either LOP or do nothing.

sell your dinar quick lol I'm keeping hold of mine

[HowieC]

Hey, this is just a proposal.

Pretty good "proposal" too .... if you want to scare off investors with a media leak of your own.

[Alex38]

5012.

[jeepguy]

really  doesn`t make sense , if you can`t print a note , because it is costly , and coins are costly ,  how the heck are they going to pull this one off ----------->  must be those millions of coins they recently found on that selling site , and I think they were in Jordon, , problem solved ,   now they just need to some  how  find  all those pallet loads of currency supposed to have been stolen  back in 93  I think it was ,  bammm  another problem solved ,    all they need to do after  is move the value  to a quarter  to the dollar  ,  bamm another problem done ,   oh   and I will throw my  name in for prime minister of the country <-------  bamm yet  another problem  solved   WE ARE  ON A ROLL      

[umbertino]

5012.

Maybe.

[jon29]

Same ol' same ol' as they beat the same tired drum and gain our U.S. Dollars...

[millionaire in training]

Same ol' same ol' as they beat the same tired drum and gain our U.S. Dollars...

You said it..........

[doctor robbins]

"The Iraqi Central Bank, unveiled on Friday, would produce coins in small groups, indicating that these currencies, which have been issued sometime next year, will be written in both Arabic and Kurdish, a proposal for large banknotes worth fifty thousand dinars."

 

 

It's not a 50K note.  It's a new note worth 50K of the present dinar which would be consistent with the re-denomination they've been talking about.  The new 50 note would be worth 50,000 of the current dinar, the new 100 would be worth 100,000 ..... etc. 

[jeepguy]

"The Iraqi Central Bank, unveiled on Friday, would produce coins in small groups, indicating that these currencies, which have been issued sometime next year, will be written in both Arabic and Kurdish, a proposal for large banknotes worth fifty thousand dinars."

 

 

It's not a 50K note.  It's a new note worth 50K of the present dinar which would be consistent with the re-denomination they've been talking about.  The new 50 note would be worth 50,000 of the current dinar, the new 100 would be worth 100,000 ..... etc. 

doc robbins -----> your sure  cute  when your splanning  

your photo there

[dontlop]

I have read 2 articles in the last 48 hours , Both from the central bank , One talks about the introduction of a 50k note , the other about the deletion of the zeroes.... although contradicting to each other ie: (you would not need a 50k note fi you delete the zeroes) . both of the articles would tell you they are not going to rv ther currency as the bold faced liars say..... just a thought ... these articles indicate they will either LOP or do nothing.

Ask yourself

If they were going to lop like turkey or other country's have done , would they need propaganda?

Or would they be transparent and up front about it

There seems to be something fishy going on

If It looks like a duck it walks like a duck and quacks like a duck

Its a duck

We just got to wait it out

Ive seen where economic experts in Iraq are calling for oil and gas to back the dinar "instead" of the dollar and gold

So who knows

The lopsters don't know or they would of been gone long ago

Edited November 23, 2013 by dontlop

[DinarThug]

The lopsters don't know or they would of been gone long ago

Implying That They Have A Life ...