New CBI announcement 03/04/2015

[yota691]

News and Announcements

 

• To / all banks ( statement ) 
  03/04/2015

 

[sandfly]

YOTA WHAT'S IT SAY

[nadia]

Hey Yota, thank you for the post.  Unfortunately I can't read it, but there is a phone number I can call.  Think they'll tell me?

[moneysoon]

Good Morning Yota,

 

Perhaps this is the CBI announcement I said to look for this week. I believe it is, if not, I expect to see it by Sunday.

[MyLadiesDaddy]

Good Morning Yota,

 

Perhaps this is the CBI announcement I said to look for this week. I believe it is, if not, I expect to see it by Sunday.

Exactly what did you expect, my brother from another mother. LOL

[Moonman1963]

And what announcement was that Moneysoon? Money, soon?

[deniscanada]

OCR Bing Translation

 

Republic of Iraq CENTRAL BANK OF IRAQ
Rrbegbshna and the crowd popular Iraq stronger wamdas))
NO.:
Date:
To all banks/m/thought
Guide the Bank ask presents his compliments of ...
There to stop the war from trading with ^ banknote Vinh (50) dt wabdada to article 36 of the Central Bank of Iraq Act (No. 56) for him in 2004. We enclose herewith statement No. 4 1 1 2 6/1 in//a/e 201 for the hipster class above from circulation.
Hoping to work with... With appreciation

Issue: u/of//
Alarkh; ^/20158
Issue:
Rrbegithna and the crowd roots stronger and Iraq spent))

 

Next page

This page I used google translate

 

Directorate-General for the issuance of Alkhzann section version and accounts

Republic of Iraq CENTRAL BANK OF IRAQ
Issue: u/of//
Alarkh; ^/20158
Issue:
Rrbegithna and the crowd roots stronger and Iraq spent))
^ 0.:
Date:
:
What statement
Due to stop the public from trading cash paper Fannah 0.0 5) Dinara According to the authority vested in us to article (36) of the Iraqi Central Bank Law No. (56) 2004 roll Vid decide what comes:
1. pull banknote from Fannah (50) dinars from circulation.
2. Banks and branches replace banknotes Anakzma it without a fee or commission, and the
Banks deposit with the central bank and its branches for the purpose of being the equivalent value in our accounts.
3. The duration of the replacement of two rivers above us started it 7 A / e 1 0 2 up to 0 o / i / r 1 0 2.
4. After the replacement for banknote becomes void and has no legal tender power and will not be accepted in the
The Republic of Iraq.
5. mention of this statement in the official gazette and the media all.

[weimer]

#4 is interesting, does that mean they are still good outside Iraq????

Hopefully this is a sign that all the notes will still be good outside Iraq

Edited March 5, 2015 by weimer

[sandfly]

THANKS D

[yota691]

Central Bank "damage" Money supply in the market

Central Bank

19:16

01/03/2015

Central Bank of Iraq announced the start replacing the coin 50 dinars as of this March after his decision to drag. He added that the bank "Due to stop the public from trading cash paper category 50 dinars, he decided to withdraw this banknote from trading on the basis of the powers vested in Article 36 of the Bank Act No. 56 of 2004", "The banks and their branches will start replacing these banknotes presented to it without fee or commission, and will be deposited with the bank and its branches for the purpose of restricting the corresponding value in the accounts we have. " "The term, which will replace the banknotes will begin on the first of March to 30 of April next," he said, adding that "the end of the replacement period banknote will be null and void and has no discharge power will not be accepted in Iraq."

Read more: http://dinarvets.com/forums/index.php?/topic/198116-central-bank-announces-the-withdrawal-of-the-coin-50-dt-and-replaced-as-of-today/#ixzz3TVtKxAP3

[moneysoon]

I'm looking for a CBI Announcement that gives the banks their new powers to fully implement the control over money transfers. This order will be a game changer for a couple of reasons. I'll explain more once it is announced and I read the full details.

[yota691]

Saleh: the new mechanism for the central fill proportion of the state's needs

 

 

        

3/5/2015 0:00 

 BAGHDAD - Alaa al-Tai 
Economic Adviser to the Prime Minister, Dr. describe the appearance of Mohammed Saleh, the special new mechanism to sales of the Central Bank of the dollar, as "correct and transparent and will help to move the cash flows, including blocking the part of the State's need, at this juncture," adding that the central bank will continue trading with civil and governmental joint bank auction currency to discuss and release steps this regulatory mechanism, as he emphasized that there out of respect for the ability of the southern ports on the export of oil to coincide with improved selling prices V.uad adviser Saleh in an interview for the "morning" the current central bank measures to be true, pointing to Article 50, which passed in the budget and restricted sales of currency 75 million dollars per day adopted a system does not include all import documents, but the tax settling accounts and Alkmarki within a period of 30 days from the date of the purchase amount, which initiated the beneficiary after the transfer of funds during the period above the completion of tax settling accounts and deposit procedures in the bank, according to the mechanism currently being cured. He stressed that the central bank began to hold technical meetings with banks to facilitate the implementation of the mechanisms and dynamics of work and the new system, which will enter into force during the month, indicating that the instructions issued by the CBI in collaboration with all the banks, government and private that participate in an auction to buy and sell the currency to the effect that the tax collection and Alkmarki in advance, which will result in monetary mass and liquidity rather than delay the collection of taxes and customs that had been in place previously. Added Dr. Saleh, said the violations of customs and tax will narrow view of the transparency of this new mechanism, noting that the outcome of those proceedings are subject to sales of the Central Bank which helps to move the cash flows that can clog the part of the State's need, noting that the technical meetings convened by the Central Bank began with Associations and government banks to develop a coordinating mechanism and to discuss how to open accounts, appreciation and achievement and what steps to provide banks the tax burden and Alkmarki and amounts and put them in certain accounts in accordance with the regulatory mechanism. 
To the detection of Economic Adviser to the Prime Minister that there is the ability to maximize oil exports, notably through the results of the investments in the southern ports, Besides the work of political parties to sustain agreements with the Kurdistan region to ensure its implementation and the achievement of its exports 550 000 barrels Yumia.ofatt adviser Saleh said the improvement in crude and selling high Brent prices, which reached $ 63 or slightly lower rates, is an important issue to reduce the difference between the actual sale price and what has been approved in the budget. "The government is working on activating the diversification of financial resources that have been approved in the budget article 23 under the imposition of sales tax on Kartat Shipping mobile phone networks and the Internet increased by 20 percent and the inclusion of cars and tickets and the imposition of tax by a large margin on cigarettes and alcoholic beverages title actions, explaining that the legal activate customs tariff and consumer product related to the prevention of some of the goods in terms of quality and damage is important for the success of the industrial sector and activate the protection. 

Read more: http://dinarvets.com/forums/index.php?/topic/198366-saleh-the-new-mechanism-for-the-central-fill-proportion-of-the-states-needs/#ixzz3TVwkaGyT

[moneysoon]

Thanks Yota,

 

The new system will have some very pragmatic improvement and releases for us. We will wait and see the announcement published.

[idplzr]

#4 is interesting, does that mean they are still good outside Iraq????

Hopefully this is a sign that all the notes will still be good outside Iraq

Weimer, I don't think so. IMO inside Iraq means that Iraq will not accept them. The ones outside of country will be no good once in country. No good is no good I'm thinking. I could be wrong but it's all up for speculation. If I was holding 50's I would not wait till 4/30 to find out.