Abadi adviser explains the pros put the category of 50 000 dinars

[yota691]

Abadi adviser explains the pros put the category of 50 000 dinars Sunday November 15 - 2015 13:54

 

The new model expected cash Category

Economic Adviser to the Prime Minister said the appearance of Mohammed Saleh, that Iraq needs a central bank issuing cash paper of 50 thousand dinars category, to shorten the transaction, given that the country is dealing cash payments and no credit cards in circulation in the West Kalveza CARD or MasterCard and other cards and instruments.

And Saleh, in an exclusive interview with Radio tow, that the issuance of the largest category of cash, is a financial project put forward since 2006 at the Economic Commission (in the cabinet), which is currently equivalent to about $ 46 (depending on the exchange rate), explaining that the major Iraqi currency accounted for 90% of banknotes, so the issuance of 50 thousand class will strengthen those currencies and contributes to the shortcut transactions.

And a project to delete the zeros and repair system of cash payments, Economic Adviser to the Prime Minister said, he has seen bickering prevented obtaining the support and recognition of the Council of Ministers in 2012.

He believed that the new currency version of the 50 dinars category, will reduce the cash currency carry on the citizen, as it reduces the count sorting and storage operations in the banks and therefore the consequent cost private said it was "very high", adding that it would push for raising the efficiency of the system of cash payments .

Saleh expressed surprise at the criticism directed some resolution version of this new category, and called on them to not to dwell in the affairs is not their specialty, and expected formally awarded within the circulation and salaries early next year.

[yota691]

This article could be placed all over the news....for some folks around here...

Saleh expressed surprise at the criticism directed some resolution version of this new category, and called on them to not to dwell in the affairs is not their specialty,

 

[sandfly]

THANKS

[Texstorm]

Well for me I want this over! It looks like Iraqs fixing to show their hand one way or the other. One thing is for sure they can't have it both ways and what ever decision the CBI makes, is what they are going to have to live with for a long time. So I say bring it on ! Thanks Yota !

[jeepguy]

I AM  CAN NOT  DWELL  ON SUCH  A   TOPIC THAT I  HAVE NO SPECILITIES FOR  !     so I will go motorcycle riding  ,  with the weather  being 65 degrees and sun shine !    I will let  the  super hero`s  of Iraqi  banking  handle  my  cash          {  just  called to confirm :  I spoke too a  banker  named  :  peggie :     }   

[blueskyline]

Yes . That is very funny .

[tlars brother]

these 50k notes were printed when all these other 25k and 10k notes were printed, many years ago.  they have had them in storage forever, and they will be used for bank to bank transfers primarily.  much ado about nothing.  mostly confusion.

[Antietam]

I'm not sure when they were printed, but the 50,000 note would have to have all the new security features embedded in it. It looks to be a transaction enhancer at the banks. That's all I read into this, myself.

[SocalDinar]

In my opinion It's not unreasonable for country that uses primarily currency for most of it's citizens daily transactions to have a note worth over $21.00. We know its a fact that they commonly use the US $100.00 bill. If the goal to de-dollarize they must have a larger note than the 25K IQD.   Currency has value because it is accepted, and why is it accepted? . . . because it is accepted!

 

The 50 K note is not a bad thing for us at all, again in my opinion

 

Can anyone read the dates on these notes?  If they were printed long ago they must also have been post dated if this is some type of monetary conspiracy

 

Thanks Yota

[yota691]

This I found searching...

بيان صادر عن البنك المركزي العراقي

A Statement issued from the Central Bank of Iraq

لغرض اكمال هيكل الاوراق النقدية العراقية ووضع فئة عالية القيمة في التداول, يسر البنك المركزي العراقي ان يعلن للجمهور الكريم عن اصدار ورقة نقدية فئة (50000) دينار (خمسون الف دينار) بابعاد 65 ملم عرض, 156 ملم طول ويغلب عليها اللون البني الفاتح باستثناء الزخارف الاطارية التي اخذت اللون الغامق, وتم طباعتها باستخدام نوعية فائقة الجودة من روق الطباعة مع وضع عدد من العلامات الامنية والفنية فيها. ونود ان نبين ما يلي بصدد هذه الورقة:

For the purpose of the completion of the structure of the Iraqi banknotes, and to place a category which has a high value in circulation, The Central Bank of Iraq is happy to announce to the generous public the issue of a banknote belonging to the category of (50000) Dinars (Fifty thousand dinars) with the dimensions of 65 mm width, 156 mm height and predominantly colored light brown except the border decorations which took the dark color. It was printed using a very high quality of printing paper while adding a number of security and technical indicators. We would like to elucidate the following about this note:

1-وجه الورقة ويتضمن ما يلي:

ا- التاريخين الهجري (1436 ه) والميلادي (2015 م)

1-The face of the note which includes the following:

1. a) The Hijri (1436 H) and the Gregorian (2015 AD) dates.

ب- توقيع محافظ البنك المركزي العراقي وكالة السيد (علي محسن اسماعيل)

1. The signature of the agent of the governor of the Central Bank of Iraq Mr (Ali Muhsin Ismail)

ج- كتابات باللغة العربية (البنك المركزي العراقي, خمسون الف دينار, ورقة نقدية صادرة بموجب القانون عن البنك المركزي العراقي).

1. c) Writings in the Arabic language (The Central Bank of Iraq, Fifty thousand Dinars, Banknote issued in accordance with the law on behalf of the Central Bank of Iraq).

د-الرقم التسلسلي للورقة وهو عبارة عن كسر يتضمن البسط حرف الياء والمقام تسلسل الطبعة اضافة الى تسلسل الورقة في الكسر العشري ووضع الرقم في الجهة اليمنى بصورة عمودية وفي اسفل الجانب الايسر من الورقة بصورة افقية

1. d) The note’s serial number, which is a fraction including the letter “Ya’” as a numerator and the serial number of the print as a denominator, in addition to the serial number of the note in the decimal while putting the number on the right side vertically, and below on the lower left side of the note horizontally.

هـ- صورة تخطيطية لنواعير الفرات والنخيل في وسط الورقة وصورة لاحد شلالات كوردستان في الجهة اليمنى من وجه الورقة.

1. e) Graphical image of the waterwheels of the Euphrates and palms in the middle of the note, along with an image of one of the waterfalls in Kurdistan on the right side of the face of the note.

و-خيط ضمان مشبك بعرض 4 ملم في وسطها يحتوي على مؤثرات متحركة يتغير لونه من الاخضر الى الازرق عند امالة الورقة النقدية كتبت عليه عبارة البنك المركزي العراقي.

1. f) Clipped security thread having 4 mm width in its middle containing animated effects changing color from green to blue when tilting the banknote, having the phrase “The Central Bank of Iraq” written on it.

ز-علامة امنية تم طباعتها بالحبر المغناطيسي متغير اللون (سبارك) يتغير لونها من الازرق الى الاخضر عند امالة الورقة. وقد وضعت في صورة الجرة الاشورية.

1. g) Security mark printed with magnetic ink that changes color (Spark). It changes colors from blue to green when the note is tilted. It is put in the image of an Assyrian jar.

ح- علامة امنية متقدمة تعرف بالنافذة الشفافة في الركن الايمن الاعلى لوجه الورقة النقدية (والركن الايسر الاعلى بالنسبة لظهرها) تظهر عليه صورة المئذنة الملوية في سامراء عند وضعها على خلفية بيضاء فيما يظهر الرقم (50000) عند وضعها على خلفية داكنة.

1. h) Advanced security mark known as “transparent window” on the right side of the face of the banknote (the upper left side on the back as well) showing the graphic of the Twisted Minaret in Samarra when putting it on a white background, and showing the number (50000) when putting it on a dark background.

ط- شريط معدني يمتد من أعلى النافذة الشفافة على عرض الورقة النقدية يحتوي على النخلة ورقم الفئة يتغير لونه عند امالة الورقة النقدية.

1. i) Metallic strip extending from the upper part of the “transparent window” through the width of the banknote containing a palm and the category number changing color while tilting the banknote.

ي- تركيب ضد محاولات التزييف بالاستنساخ.

 

1. j) Composition against counterfeiting attempts by copying.

ك- علامة المكفوفين وهي عبارة عن اربعة خطوط افقية مستقيمة في منتصف الجهه اليسرى من وجه الورقة.

1. k) A mark for the disabled which consists of four horizontal straight lines in the middle of the left side of the face of the note.

ل- شعيرات ملونة مرئية وغير مرئية.

1. l) Visible and invisible colored bristles.

م- العلامة المائية (رأس الحصان) في الجهه اليسرى من وجه الورقة والجهه اليمنى لظهرها.

1. m) Watermarks (head of the horse) on the left side of the face of the note, and the right side of the back of the note.

ن- صفة التطابق وهي عبارة عن نخلة اشورية نصفها مطبوع في وجه الورقة والنصف الاخر في ظهرها تظهر كاملة عند عرض الورقة على الضوء.

1. n) Matching characteristic is an Assyrian palm, half is printed on the face of the note and the other half is on the back of the note, which appears complete when exposing the note to light.

س- علامة الاثر المرتفع وهي عبارة عن صورتين (زقورة اور والرقم 50000) تظهر احداهما وتختفي الاخرى عند امالة الورقة. وتوجد هذه العلامة في الجهه السفلى اليمنى من وجه الورقة.

1. o) High impact mark consisting of two images (Ziggurat of Ur and the number 50000) when one appears the other disappears while tilting the note. This mark is in the lower right side of the face of the note.

ق- العلامة المائية الضوئية وهي عبارة عن الرقم (50000) توجد في الجهه اليسرى من وجه الورقة.

1. p) Water light mark of the number (50000) on the left side of the face of the note.

2-ظهر الورقة ويتضمن ما يلي:

 

2-The back of the note, containing the following:

ا- صورة تخطيطية لاهوار العراق تتضمن بيت القصب وعدد من الصيادين ومجموعة من الحيوانات (جواميس وطيور) وصورة لنخيل العراق مع تخطيط نهري دجله والفرات ضمن خارطة العراق.

1. a) Graphical image of the marshes of Iraq including a straw house, a number of fishermen, a group of animals (buffalos and birds) and a picture of Iraqi palm with a graphic of the Euphrates and Tigris rivers included in the map of Iraq.

وباللغة الكوردية (بانكي ناوه ندي عيراق, به نجاه زاردينار.(50000, Fifty Thousand Dinars, Central Bank of Iraq)ب-كتابات باللغة الانكليزية

1. Writings in English (50000, Fifty Thousand Dinars, Central Bank of Iraq) and in Kurdish language (Banke nawah nadi Airaq, peh najah zardinar)

3- تم طلاء الورقة النقدية بطلاء واقي وذلك لاطالة عمر الورقة وحمايتها من الاوساخ والاتربة.

3- The note was painted with a protective paint to increase the note’s lifespan and protect it from dirt and dust.

مع التقدير

Best regards

البنك المركزي العراقي

The Central Bank of Iraq

[yota691]

Parliamentary economy: the currency of the 50 thousand dinars aims to build a monetary policy keep pace with economic conditions

November 15, 2015

 

 

 

 

Our economy / Baghdad 
for the economic and investment commission representative confirmed that the issuance of central bank cash currency from the category of 50 000 dinars comes to control the construction of monetary policy keep pace with economic conditions experienced by Iraq. 
The head of the committee MP Jawad al-Bolani told a news Visrih seen by the agency of our economy news that fiscal policy The cash you need to issue cash currency category 50 and 100 000 dinars for the construction of monetary policy keep pace with economic conditions experienced by Iraq. 
He added that the issuance of monetary categories such as 50 or 100 000 dinars convergence of foreign currencies 50 or $ 100, saying that it is an important part of the process of rationalization of currency trading in the paper side. He said the issuance of this paper Activity groups linked to the Central Bank of Iraq, pointing out that any decision in this regard is subject to the Bank's management in line with economic conditions and the need of the country and the market.

And he saw Bolani said the output of the issuance of the 50 cash Alpha normal class process and within the accounts prescribed by the Central Bank of the stability of the monetary policy to tackle inflation and improving the Iraqi economy, noting that the initiatives that the central bank exercised very important to keep the Iraqi cash reserves of hard currency and managed in a manner consistent with the stage, pointing out that Iraq is in dire need to create consensus between fiscal policy run by the Ministry of Finance and monetary policy run by the Central Bank, saying that it was the more objective compatibility with visions of financial matters will be more stable.

[yota691]

Pictures .. new Iraqi dinars .. Is the issuance of 50 thousand dinars category has to do with the deletion of zeros? !!

Date: 11/17/2015

 

 
 


Palm-The Central Bank of Iraq, Tuesday, that the issuance of the 50th class thousand Iraqi dinars nothing to do with a project to delete the zeros of the Iraqi currency, noting that Iraq's economic and social conditions that do not allow the implementation of this project. The general director of the banking and credit in the bank and Walid Idi in an interview Media that "printing new paper of class 50 000 dinars nothing to do with a project to delete the zeros of the Iraqi currency," adding that "the deletion of zeros is still deferred projects." He added Idi, that "the Economic and Social envelopes, which passes by the country does not allow the implementation of the project to delete zeroes. "A member of the Board of Directors of the Bank Ihsan al-Yasiri, Sunday (November 15, 2015) that the issuance of 50 thousand dinars category paves the way for the deletion of zeros from the currency, and among it will reduce the demand for the dollar, he pointed out that there is no link to the financial crisis with the new version. mentions The central bank announced (November 11, 2015) for issuing a new banknote category of 50 thousand dinars, attributing this to the completion of the Iraqi Securities monetary structure and the development of high value in the trading category.

[yota691]

Central Bank: the issuance of 50 thousand dinars category has nothing to do delete the zeros

 

Tuesday November 17 2015 13:51

 

 

 

 

 

 

 

 

Alsumaria News / Baghdad 
The Central Bank of Iraq, Tuesday, that the issuance of 50 thousand Iraqi dinars nothing to do with a class project to delete the zeros of the Iraqi currency, noting that Iraq's economic and social conditions that do not allow the implementation of this project. 

The general director of the banking and credit in the bank and Walid Idi in an interview with the program "of 10 of 11," which aired "Alsumaria TV", that "printing new paper of class 50 000 dinars is not related to a project to delete the zeros of the Iraqi currency," adding that "the deletion zeros still delayed project. " 

 

 

Idi said, that "the Economic and Social envelopes, which passes by the country does not allow the implementation of the project to delete the zeros." 

A member of the Board of Directors of the Bank Ihsan al-Yasiri, Sunday (November 15, 2015) that the issuance of 50 thousand dinars category paves the way for the deletion of zeros from the currency, and among it will reduce the demand for the dollar, he pointed out that there is no link to the financial crisis with the new version. 

The central bank announced (November 11, 2015) for issuing a new banknote category of 50 thousand dinars, attributing this to the completion of the Iraqi Securities monetary structure and the development of high value in the trading category.

Read more: http://dinarvets.com/forums/index.php?/topic/211482-central-bank-the-issuance-of-50-thousand-dinars-category-has-nothing-to-do-delete-the-zeros/#ixzz3rkT52WFy

[Kn0bL3]

Wanted to comment on this..

 

This talk of deleting the zeros having nothing to do with new 50k makes me feel a slight bit more confident that they are not talking about affecting the notes' zeros but deleting them from somewhere else...

[gixxerfrog]

And we wonder y there are so many delays. 50k is for deleting the zero's.... Now it's not for deleting the zero's. Do they have this much difficulty picking what they want to eat when they go to a restaurant?