Experts: Ask A Coin 100,000 Dinars Will Increase Prices And Raise Inflation !

[yota691]

Central bank: Print category 100 000 dinars, and we are waiting for official approval lowered into the market

Mon, 22 Aug 2016 09:04:48

 

 

 

 

 

 

 

 

The central bank announced the printing and design a model for a class {100} thousand dinars, while noting that the leaves put on the market until they choose the right time.

The bank adviser said Walid Idi in a press statement that "the category of {100} thousand dinars printed and is designed such a model, and we will choose the right time to put on the market."

He added that "put on the market will help to stimulate the economy through the operations of exchanges between traders and commercial transactions between the operating companies," as well as the category of the {100} thousand easy storage and load and is designed along the lines of international currencies, then, that its security system a high level, it is difficult to falsify. "

He noted that "put on the market requires, inter alia, promotional media campaign to get to know them, and being equal to or close to the category of the {100} the US dollar."

Idi said that "the decision to leave the Board of Directors and County, Keywords, put up for trading on the market."

And sees specialists in economic affairs, the central bank issued coin of 100,000 dinars category comes to control the construction of monetary policy keep pace with economic conditions experienced by Iraq.

[captl1]

Thanks Yota! Equal or close to 100 US dollar. Interesting!!

[Jaygo]

Hmmmm

[ChuckFinley]

Not sure what to say here. Like the lower "D" in the picture, but 100,000.00 = to 100. Not sure if I am reading this right.

[Gypsygirl11]

Less talk and more action please. 

[magawatt]

They also show 100, 50,30,10 and 5 notes!

[yota691]

The picture is a file photo of Turkish currency....

[magawatt]

Ouch!

 

[magawatt]

They also show 100, 50,

 20,10 and 5 notes! 

[yota691]

Here another article with the same picture....File photo inserted into the above article nothing more 

A money changer holds Turkish lira banknotes next to US dollar bills at a currency exchange office in central Istanbul, April 15, 2015.  (photo by REUTERS/Murad Sezer)

[ChuckFinley]

Thanks Yota, guy needs to trim that mustache.    Maybe this is more directed to international trade than to everyday use. Still trying to understand $100 USD to 100,000 IQD part. You would need a four wheel barrows to pay your bills.

[SocalDinar]

Good for us 

I doubt they would  introduce new larger denoms if the plan was to RD anytime soon. 

They do need a larger note

Heck we need something larger than a $100.  Went to the gun show both days this weekend stocking up before Gunageddun 

Here in Kalifirniastan. I bought  three new Nice uppers ,some nice drop in trigger and another 5000 rounds of 7.62 and could have used larger notes.

Thanks Yota

 

[gixxerfrog]

I don't like the 100k note = $100, is that saying the 25,000 note = $25??  And so  on??  I do like that they printed smaller notes... I don't want to see bigger notes. If they did/do print 100k notes I don't see this going to 1:1 who carries 100,000 around in their wallet??  

[blueskyline]

I think the picture is a quiet campaign to inform the people there will be no 3 zeros on some of the money coming forward 

[ChuckFinley]

17 minutes ago, gixxerfrog said:

I don't like the 100k note = $100, is that saying the 25,000 note = $25??  And so  on??  I do like that they printed smaller notes... I don't want to see bigger notes. If they did/do print 100k notes I don't see this going to 1:1 who carries 100,000 around in their wallet??  

The only one I know of was the ZIM, even then you could not get a glass of water. I guess I am seeing this the same way you are. I could see the 100k for bank to bank or bank to bank internationally. I just think coming out less than 1 to 1 is a mistake (this could get bad here  I am about to write on this). Taking away the safe face factor with other countries in the region regarding . We are, say .008 or .05 or .10 compared to $3.xx. Please step to the back of the seating area. Front seating is reserved for the players.

1. If I thought that Iraq was going to be a major oil and natural resource provider I would pounce on their stock exchange and be buying everything that I though had value going forward. Talk about taking a major position in issues.

2. If I was a citizen there, there is no way I would be turning in my USD for less than what it is worth no matter what the GOI said. I would be on the Black Market dealing.

3. Some or most of the citizens would be taken advantage of. Unless you REALLY educate them or go complete electronic.

4. It is not us that makes the call here. Anything under a 1 to 1 to me just does not make sense.  

5. There commit of around 1-USD to me would mean (I would take) .86, $1.00, or $1.18. 

There are more examples, but I need to step back from the key board here. They have groups for this. I am about to go on a rampage. 

 

[ChuckFinley]

7 minutes ago, blueskyline said:

I think the picture is a quiet campaign to inform the people there will be no 3 zeros on some of the money coming forward 

A picture is worth a thousand words. You may be right on that. I hate these translation articles. I know it is the best we have and i am thankful for that. At time though it makes things interesting. They could be talking about several things here. 100k notes for big transaction Bank to Bank, small denomination that are to be use everyday. 

[Gypsygirl11]

1 hour ago, yota691 said:

Central bank: Print category 100 000 dinars, and we are waiting for official approval lowered into the market

Mon, 22 Aug 2016 09:04:48

 

 

 

 

 

He added that "put on the market will help to stimulate the economy through the operations of exchanges between traders and commercial transactions between the operating companies," as well as the category of the {100} thousand easy storage and load and is designed along the lines of international currencies, then, that its security system a high level, it is difficult to falsify. ".

I believe these 100,000 notes will be used for operating companies - international. I like the part that says will be designed along the lines of international currencies, hence the lower denominations pic.

[ChuckFinley]

Thanks Gypsygirl for the post. I think we are reading this the same way. 

[Gypsygirl11]

14 minutes ago, ChuckFinley said:

Thanks Gypsygirl for the post. I think we are reading this the same way. 

Keeping our fingers crossed they actually do something this year !   I would love to see a five dollar Dinar bill, wouldn't you ?

[Synopsis]

My opinion is this is another step to attempt to reduce the note count in circulation.  If so, Iraqi people may want to exchange their old worn out notes for far fewer of the new notes with the high security features.  They would be storing far fewer notes and would make it easier for them to hide the notes.  Possibly, the places of exchange (banks) would require a bank account at their location.  In this way, the bank could track who has how much dinar and may be required to supply this information to the CBI, IMF, international auditors, etc.  Also, people suspected of pilfering could be tracked and how much they are holding (in exchanged bills).  I see this as good news if the 50K and 100K notes are put in circulation in the near future.

[vomer]

100,000 dinar currently equals  84.6038 dollars.

[EagleEye]

Interesting article Yota...what is YOUR take on it ??

[zzztop]

If you plan on "removing the three zeros" as we have heard over and over again, why in the hell would you ADD two more zeros?

[KDuesing]

Those are Turkey currency they show see the moon and star on them. 

hers a link to picks https://www.pinterest.com/pin/552676185496555677/

[Candy01]

3 hours ago, EagleEye said:

Interesting article Yota...what is YOUR take on it ??

YES, Yota PLEASE help us!  I am VERY afraid this means a MUCH longer WAIT for the elusive RV!!!!!