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


yota691
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Tuesday November 17 2015 13:51
 
NB-152013-635833544256385777.jpg
 
 
 
 
 
 
 
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.

 

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YOTA SOME THING DOES NOT SOUND RIGHT HERE

Don''t stress over it...Quote

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,

 

:lol:

Read more: http://dinarvets.com/forums/index.php?/topic/211375-abadi-adviser-explains-the-pros-put-the-category-of-50-000-dinars/#ixzz3rkaNrjQm

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Yet finance committee member Masood Haider said only last Friday that introducing this 50K note was with the intention of deleting  the zeros and as I recall he was present at the meeting with the CBI gov when the talk of this note first appeared in print. Today it is more doubletalk IMO

 

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We've got a member of the Board of Directors versus the statement today of the director general of banking and credit. Who has more credibility?

NEITHER.

These fools don't know how to talk to the media correctly.

Obviously issuing a new currency denomination has NOTHING WHATSOEVER to do with scrapped plans for a currency redenomination/value neutral currency reset event that is more commonly known as "delete the zeros."

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Here a Press release from CBI  10/19/2014 which backs this article up...


Statement issued by the Central Bank of Iraq
For the purpose of the development of the Iraqi-free series of banknotes, and to increase efficiency, they have been printed
Using the finest types of paper and placed in several technical and security features. And it will present the bank
Iraqi Central Alnkaditin papers of the two categories (5000) dinars and 25,000 dinars to
Trading specifications and new security signs of high protection, in addition to the security tags
In the above two categories of the current series, and we would like to point out the following.
1. the sustainability of trading:
Papers continue Alnkaditin Almtdaolten currently trading above two categories with two new categories
Without any intention to withdrawn from circulation.
2-the most important changes in the banknote category (5000) dinars:
A. paper contains a string ensure the buckle width (4 mm) bears the words (the Central Bank of Iraq)
It contains animated effects, color changes from green to blue when the note is tilted.
(B) carrying paper security sign variable magnetic ink color (SPARK) changes from color
Green to blue color when you tilt the banknote.
© has been amended dates to Hijri and Gregorian dates (1435 e 2013).
(D) paper bearing the signature of the governor and agency Dr (Abdul Basit Turki Saeed).
E paper contains blind mark which is a prominent straight horizontal line when in texture
The left side of the face of the paper.
(F) has been added visible and invisible filaments to banknote in addition to the protective paint coating
To perpetuate the old and the resistance to dust.
3. Significant changes in banknote category (25000) dinars:
(A) has been modified image field of agriculture, in the face of the paper where carrying a jar of water and agriculture shows behind her
A tractor plowing the field.
(B) a change in the size of the decoration on the right side of the face sheet of the need to develop
Transparent window and add a bar to protect the window appear in the image below Palm color transparencies
(Color ribbon).
© has been amended form of decoration on the left side of the face of the need for technical paper with the shape
General of the paper.
(D) has been modified dates to Hijri and Gregorian dates (1435 E - 2013).
(E) paper bearing the signature of the governor and agency Dr (Abdul Basit Turki Saeed).
(F) paper contains a string ensure Monogram Bank holds a central Iraqi contain
Effects motion changes color from purple to green when the note is tilted have
Green was chosen to be a different color to the color red and the paper can be seen from the public.
(G) has been advanced security marker known as (transparent window) in the right top corner-to-face situation
Banknote, showing a picture of the minaret Helicobacter when placed on a white background, with
No. category shows (25000) when placed on a dark background.
(H) paper contains a metal bar extending from the transparent window on the banknote display contains
Palm number and category changes color when you tilt the banknote.
You assume security paper sign variable magnetic ink color (SPARK) changes from color
Purple to green when you tilt the banknote has been selected to be green
Contrasting color to red paper and can be seen from the public.
J paper contains the blind tag which is about three prominent straight lines when texture
In the left side of the face of the paper.
(K) has been added visible and invisible filaments to banknote in addition to the protective paint coating
To perpetuate the old and the resistance to dust.
...with respect. Baghdad, Iraq's Central Bank 10.19.2014
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