New CBI announcement 09/10/2014

[yota691]

News and Announcements

 

•  
  To / company across continents to transform the financial ( re-vacation company ) 
  10/09/2014

No copy or paste..

[moneysoon]

MORNING BROTHER YOTA!!!

 

This looks like a promising translation to follow. I hope it is further clearing the ground for the big dance.

[gregp]

You've got my attention on this one.

Oh and good morning Yota and my Q-3 brother, and Dinar Vets.

[calkid11]

Thank you

[Butifldrm]

GM yota,  I'm bringing this over, because the CBI added a few more announcements today.

 

More news on the 10,000 Dinar note

 

New CBI Announcements:

 

 

 

• CBI raises category ( 10000 ) dinars trading technical characteristics and high security papers with the continuation of trading 9/10/2014

  

   

• To / Economy Bank for Investment and Finance-Mr. guardian ( reimbursement (10%) of customer deposits ) 
  10.09.2014

•  

Read more: http://dinarvets.com/forums/index.php?/topic/186383-articles-09-10-2014/#ixzz3CuirU6Fp

[yota691]

GM and Thks Butifldrm and all of DV GM....Central agrees to exchange 10% of the deposits of customers in the Bank of the economy and investment

 

Wednesday 10 September 2014 14:02

 

 

 

Alsumaria News / Baghdad 
said the Iraqi Central Bank, Wednesday agreed to exchange 10% of the deposits of customers in the Bank of the economy and investment. , the bank said in a statement received "Alsumaria News", that "the Bank has agreed to exchange 10% of the assets of depositors in the bank." The bank added that "The approval was based on a proposed Bank of the economy, investment and financing, regardless part of its deposits to depositors." The Iraqi Central Bank announced on June 6, the current, for the imposition of trusteeship Economy Bank for Finance and Investment, adding that he had formed committees and trusteeship composed of three people for a period of 18 months, extendable mission to prepare a report on the financial situation and the future and the future prospects for the bank.

 

 

Exchange 10% of the deposits of customers in the Bank of the economy and investment

By Adminsa two forty-one 10/09/2014 | Views: 1

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Brother - Baghdad

Declared the Iraqi Central Bank, Wednesday agreed to exchange 10% of the deposits of customers in the Bank of the economy and investment.

 

The bank said in a statement received by the Agency for News News (et) that "the Bank has agreed to exchange 10% of the assets of depositors in the bank."

 

The bank added that "the approval was based on a proposed Bank of the economy, investment and financing, regardless part of its deposits to depositors."

 

 

The Iraqi Central Bank announced on June 6, the current, for the imposition of trusteeship Economy Bank for Finance and Investment, adding that he had formed committees and trusteeship composed of three people for a period of 18 months, extendable mission to prepare a report on the financial situation and the future and the future prospects for the bank.

Read more: http://dinarvets.com/forums/index.php?/topic/186385-central-agrees-to-exchange-10-of-the-deposits-of-customers-in-the-bank-of-the-economy-and-investment/#ixzz3CuoV27cB

[yota691]

Warning of non-banking companies Almr_khash..alpennek Central poses a new category of 10,000 dinars

BAGHDAD - Iraq Press - September 10 / September: Central Bank of Iraq, on Wednesday, put the category (10000) dinars for new trading in the Iraqi market.

 

 

The central bank said in a statement today, he "asked a class / 10000 / BD new ticker technical characteristics and high security in the Iraqi market, pointing to the continued circulation of the two papers the old and new of the same category."

 

 

 

On the other hand, the central bank warned Iraqi citizens from dealing with the banking companies "is legally licensed," and urged to make sure its legality before dealing with them to ensure their rights.

 

 

The bank said in a statement that it "would take legal action against those companies and thus dropping the right of citizens dealing with it." Q ended. P

Read more: http://dinarvets.com/forums/index.php?/topic/186438-warning-of-non-banking-companies-almr-khashalpennek-central-poses-a-new-category-of-10000-dinars/#ixzz3Cx5otT4Q

[Butifldrm]

Notice, the COM under Maliki postponed the deletion of the zeros until further notice, after once being approved.  Notice in all of these articles there is no mention of the Kurdish Language which is in effect as of now for all Legal Tender and documents.  Also notice the security strip can only be see from one side of the note.  

 

 

Ask a new currency from the category of 10 thousand dinars characteristics of high security

 

By Adminsa 10/09/2014 8:58 | Views: 2257

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Brother - Baghdad

Iraqi Central Bank announced a new class of Scarves currency Category 10 000 dinars.

 

According to a brief statement of the bank received the Agency for News News (et) a copy of that "new category characterized by technical characteristics and high security papers with the continuation of trade."

 

 

The Council of Ministers decided in the previous April 10, 2013 in wait in the application process of deletion of zeros from the national currency until further notice after deciding to apply earlier.

http://khabaar.net/i...link/29913.html

Read more: http://dinarvets.com/forums/index.php?/topic/186383-articles-09-10-2014/#ixzz3Cxmf0JYp

[TBomb]

HERE'S THE BING TRANSLATIONS OF THESE CBI ANNOUNCEMENTS:

 

 

◾ The CBI put class 10,000 dinars to trade technical properties and high security with papers by circulation

2014/9/10

 

◾ To/economy Bank for investment and finance-Mr. Trustee (payment (10%) From customer deposits)

2014/9/10

 

◾ To transcontinental company for money transfer (to leave the company)

2014/9/10

 

◾ Announcement/call upon our citizens to visit the website of the Bank and the terms and conditions attached hereto leave controls and not dealing with companies that broker to buy and sell foreign currency (corporate banking) is licensed by the Central Bank of Iraq

2014/9/8

[TQueezy]

Doesn't fractional reserve banking only require the bank to keep just 10% of depositors' represented wealth in accounts and the rest can be used for investment?

Does anyone else see the 10% clause in this article and wonder if the translation leaves something to be discovered as far as that goes?

[waterman13]

Doesn't fractional reserve banking only require the bank to keep just 10% of depositors' represented wealth in accounts and the rest can be used for investment?

Does anyone else see the 10% clause in this article and wonder if the translation leaves something to be discovered as far as that goes?

Yes it does TQueezy, and yes again.

(ponzie scheme at it's best)

Wm13

[skeetdog]

Thanks Yota and Ladies...TQueezy those were my first thoughts as I read this article previously...''Thanks'' for stating what I was wondering and "Thanks'' Mr. waterman for confirming both our be wonderment on this possible mistranslation...''Good Morning'' to yall...  

[TrinityeXchange]

Doesn't fractional reserve banking only require the bank to keep just 10% of depositors' represented wealth in accounts and the rest can be used for investment?

Does anyone else see the 10% clause in this article and wonder if the translation leaves something to be discovered as far as that goes?

i believe the reserve percentage varies per country's central bank policy.  the reserve requirement is in place to preserve the integrity of bank loans.  and so banks' fractional reserve requirements are more about the banks capacity to loan money than it is about what they use for investments.  

 

ex. a bank's reserve requirement is 3%.  i deposit $100 into the bank.  the bank is only allowed to create $97 in loans and $3 (3%) is required to stay in reserve.  please note i used the word 'create' because banks never loan depositors money, that is illegal....they create the new money by monetizing the signed loan agreement.  

 

"Banks create money in the economy by making loans. The amount of money that banks can lend is directly affected by the reserve requirement set by the".....read more

[Butifldrm]

GM yota and DV.    I re-translated your article in BING and thought I would repost because the WB was mentioned.

 

Central agrees to spend 10 percent of the deposits of customers in economy and investment bank

 

Wednesday 10 September 2014 14: 02

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+

 

 

 

 

Alsumaria news/Baghdad
The Iraqi Central Bank, announced Wednesday, agreed to spend 10 percent of the deposits of customers in economy and investment bank.

The Bank said in a statement received "alsumaria news", "the World Bank has agreed to spend 10% of the Bank's depositors ' balances.

The Bank said that "approval came from the economy and Investment Bank proposal and funding disbursement of part of its deposit depositors."

The Central Bank announced on June 6, the imposing Trusteeship on the economy Bank for finance and investment, adding that a guardianship committees consisting of three persons and an 18-month extension to prepare a report on the financial situation and future prospects of the Bank.

 

 

http://www.microsofttranslator.com/bv.aspx

Edited September 11, 2014 by Butifldrm

[yota691]

Central Bank raises (10000) dinars for new trading

09/11/2014

 

 

BAGHDAD / JD / .. central bank announced the launch of a class (10000) dinars for new trading, while the continuation of the papers noted the new and the old trading.

The central bank said in a declaration published on his website seen by / JD / he put a class (10000) dinars for a new ticker, stressing that this new class bear the characteristics of art and high security.

He noted the central bank to the continuation of the old papers and seriousness in circulation.

The governor of the central bank and agency Abdel Basset Turki had said: "The Central Bank is currently working in accordance with the tables and under the supervision of specialized committees to issue new coins with large groups." 

And between Turkish that "the largest category of coins available now are the (25) thousand dinars and purchasing power have no more than $ 23, so there is more of a proposal to the Central Bank, to put coins larger than the existing, such as issuing currency up to (50) thousand dinars. " 

It was likely that the central bank raises new Iraqi currency after deletion of zeros on the first of January of 2013, but the former Prime Minister Nuri al-Maliki has called for the bank to wait with the currency of the currency exchange.

The Bank has taken several measures in a timely manner and many misgivings Bank is keen to implement in order to be the process of replacing the currency safe and easy "./anthy/ 22 / 

[moneysoon]

Thanks Yota,

 

Well there is one form of the mechanism stated in the article. They will continue to draw in notes. I did note the 50,000 dinar remark. That sickle can cut in both directions...

[Butifldrm]

Notice any difference between the CBI's pictures of the new 10,000 note and banknotenews.com  picture?

 

 

Iraq

Banknote News

Iraq new 10,000-dinar note reported

Aug 08, 2014 10:56 AM Category: Middle East

According to a press release dated 7 August 2014, the Central Bank of Iraq has introduced a new 10,000-dinar banknote.

Courtesy of Daisy.

Tags: Iraq

Edited September 11, 2014 by Butifldrm

[deniscanada]

The dude's head is missing. 

[Butifldrm]

The dude's head is missing. 

 

You are so right denis.  So my question is, Why would the CBI put out news that is suppose to be educating the public on the on the description and the changes of the new 10,000 note, about to be released, use a picture of the wrong note.  According to the description form Almada:

 

 

He said the bank in its previous statement that "the new paper bore some changes, including changing the image of the Arab world, Al-Hassan Ibn al-Haytham to the Freedom Monument, has also been modified dates Islamic and Gregorian to 2014 --1,435 e, as well as that the new paper will carry the signature of the governor of the Iraqi Central Bank and the Agency Abdul Basit Turkish happy. "

 

Something is still amiss to me.

[skeetdog]

Thanks Yota...I compared mine to the picture and mostly the back side (without the picture) has the most change. Except for the coloring the Face (front) of the 10,000 note is basically the same....

[yota691]

The issuance of a new currency cash

 

 

         

9/13/2014 0:00 

 Baghdad - Mostafa Hashemi 

called the central bank during the next two days, a remake of a class 10 000 dinars to the public for the purpose of trading in addition to continue dealing in the present. 

said a source at the bank told (morning) that the old currency will continue to circulate alongside the new, which he said : it was printed with high specifications and difficult to forge because they contain structures against an attempt counterfeiting cloning, referring to the lack of faith in the withdrawal of the old trading, pointing out that the rest of the categories will be put in later. 

, adding that the new currency also contain a sign of security ink magnetic variable color, He pointed out that this measure comes to the development of the current series of banknotes and increase efficiency.

[staunch]

Seems to be very clear they have no intentions of doing away with the triple zero notes anytime soon.

[gregp]

It's looking grim, let's keep the faith.

Edited September 13, 2014 by gregp

[staunch]

If you are to believe a RV is going to happen, I would want the triple zero notes to hang around.

[Laid Back]

I like to see they are printing 000 notes.

Just increase the exchange rate.