Theseus Posted September 10, 2018 Report Share Posted September 10, 2018 3 hours ago, Carrello said: Cranman, these news articles are difficult to read and may appear cryptic to us, but you have to realize we are reading a translation of a language that uses completely different symbols for their alphabet than the English language, they write right to left, opposite from how we read and write, and this translation is being done by a machine, a computer. Also, the Arabic language uses fewer symbols than English but a huge part of the meaning of words is the use of the inflection of the voice, which is not picked up in print. One word can have 3 or 4 meanings when voice inflection is used to convey those meanings. These translations are tough. My eyes cross. I have seen and heard worse translations made by humans. I would rely more on a translation done by computer and have in various languages (Spanish, Russian, Ukrainian, Portuguese, Italian, Polish, and others). In almost all cases, the intended recipient had no idea a computer had translated the written composition but had responded as if a human spoke/wrote the correspondence. Most of this was done within a top global company (GE) in which I had to talk to people all over the world in order for them to be productive. There were some idiosyncrasies but the computer translation was far better than human translation. An interesting tidbit most translators who freelance use computer software to do their translations. People will be people and in a data-driven world, people, no matter where they are in the world, are still reluctant to place trust in computer-generated information. Trust but verify which is why I always asked for the original text along with the translation. 3 Link to comment Share on other sites More sharing options...
yota691 Posted September 10, 2018 Author Report Share Posted September 10, 2018 Criteria for replacing damaged banknotes Damaged and defective banknotes and their replacement standards Damaged banknotes are those securities that remain in circulation for a long period of time and over time use by all groups of society. This leads to the damage being damaged due to the repetition of this use, which dictates to the central banks the responsibility to withdraw the worn currencies from circulation. Central Bank, which has the right to execute damaged and defective banknotes and replace them with the same value to citizens and according to the criteria determined by the bank to receive these damaged banknotes as shown below. The lost banknote is a part of it that does not exceed more than half of the banknote. Banknotes soiled with dust, fats, colors and oils. Banknotes containing adhesive tape. Scorched and buried banknotes. Defective banknotes. Two-part banknotes with different figures. The papers that are not exchanged and rejected by the Central Bank to be received and called the rejected, which are withdrawn and executed by the bank without compensation of the owner, unless there is convincing evidence that the missing parts were completely destroyed and then decide to provide compensation in whole or in part These papers are: Papers that contain many writings and drawings and seals deliberately, which leads to the blurring of the features of the banknote. The paper is cut into more than (6) parts. If the coin loses more than (50%) of its surface or is distorted or perforated Do not make up for lost or stolen coins or coins. 2 2 5 Link to comment Share on other sites More sharing options...
blueskyline Posted September 10, 2018 Report Share Posted September 10, 2018 Thank You Yota . GM DV's 4 Link to comment Share on other sites More sharing options...
Carrello Posted September 10, 2018 Report Share Posted September 10, 2018 4 hours ago, Theseus said: I have seen and heard worse translations made by humans. I would rely more on a translation done by computer and have in various languages (Spanish, Russian, Ukrainian, Portuguese, Italian, Polish, and others). In almost all cases, the intended recipient had no idea a computer had translated the written composition but had responded as if a human spoke/wrote the correspondence. Most of this was done within a top global company (GE) in which I had to talk to people all over the world in order for them to be productive. There were some idiosyncrasies but the computer translation was far better than human translation. An interesting tidbit most translators who freelance use computer software to do their translations. People will be people and in a data-driven world, people, no matter where they are in the world, are still reluctant to place trust in computer-generated information. Trust but verify which is why I always asked for the original text along with the translation. Theseus, you are a worldly and wise person. Thank you for your input and educated comments. 4 Link to comment Share on other sites More sharing options...
NEPatriotsFan1 Posted September 10, 2018 Report Share Posted September 10, 2018 1 hour ago, yota691 said: If the coin loses more than (50%) of its surface or is distorted or perforated Do not make up for lost or stolen coins or coins. I thought coins were out of circulation currently? So maybe this is a sign they will be coming back as a necessity ..... just a thought 4 Link to comment Share on other sites More sharing options...
Carrello Posted September 10, 2018 Report Share Posted September 10, 2018 NEPatriotsFan1, currency is often (not always) referred to as "coins." I think currency is being referenced in this article. 1 4 Link to comment Share on other sites More sharing options...
justchecking123 Posted September 10, 2018 Report Share Posted September 10, 2018 7 hours ago, Theseus said: I have seen and heard worse translations made by humans. I would rely more on a translation done by computer and have in various languages (Spanish, Russian, Ukrainian, Portuguese, Italian, Polish, and others). In almost all cases, the intended recipient had no idea a computer had translated the written composition but had responded as if a human spoke/wrote the correspondence. Most of this was done within a top global company (GE) in which I had to talk to people all over the world in order for them to be productive. There were some idiosyncrasies but the computer translation was far better than human translation. An interesting tidbit most translators who freelance use computer software to do their translations. People will be people and in a data-driven world, people, no matter where they are in the world, are still reluctant to place trust in computer-generated information. Trust but verify which is why I always asked for the original text along with the translation. Always appreciate your posts, Theseus. 2 Link to comment Share on other sites More sharing options...
FXStockpiling Posted September 10, 2018 Report Share Posted September 10, 2018 I like that they are getting more specific in what they will accept on a credit or exchange. Tells me there will be more at stake with every case and why would they expect this exchange to happen unless it is required on a timeline or has a monetary value that you must have all these lower denominations to do business as usual... Bring it on! 3 Link to comment Share on other sites More sharing options...
Laid Back Posted September 10, 2018 Report Share Posted September 10, 2018 13 hours ago, 3n1 said: agree LB , when the articles came out about the shop owners and peeps doing commerce with no small groups they were referring to the current smalls 250 & up but hey i'm way past ready for something to change ... cheers Me too my friend, I'm way past ready to see the real market value of the dinar.... Go $1:1 13 hours ago, blueskyline said: Good Evening Laidback . Sistani talked about notes a few days ago . Perhaps its time to touch them ? ! I want my RV too ! Agree my friend.... SIstani Knows it's time for real purchasing power. 13 hours ago, Floridian said: I agree with you, Laid Back, about the small groups they are talking about being 250, 500 and 1,000 IQD notes. However, at the current rate, these notes would be worth .20, .40 and .80 If they RV to 10 cents, the notes are worth $25, $50, $100 Agree with you Floridian, maybe the plan is to start at $0.10 per dinar and let it react to the forces of supply and demand. Go RV ASAP. 7 Link to comment Share on other sites More sharing options...
gregp Posted September 10, 2018 Report Share Posted September 10, 2018 Awesome news Yota!!! Thanks!!!!! 3 Link to comment Share on other sites More sharing options...
ChuckFinley Posted September 10, 2018 Report Share Posted September 10, 2018 21 hours ago, yota691 said: WOW!!! The central poses large amounts of small currency 10/9/2018 12:00 am Confirmed its continuation by replacing the damaged amounts Baghdad / Sabah The Central Bank of Iraq intends next month, to put large amounts of local currency, small groups, while continuing to receive the currency damaged by citizens and replace it New. The Governor of the Bank, Dr. Ali Alalak in a meeting with the "morning", will be published later: "The Central Bank of Iraq, the development of a plan to compensate the market small groups of local currency, as will be next month large amounts of huge ones," noting that " Will meet the need of the local market for those categories of currency. " He added that "the bank continues to receive local currencies damaged by citizens and replace them with new currencies," revealing at the same time, "the existence of a specialized committee to examine the damaged papers to ensure the integrity of fraud and manipulation." Yota, you are making my day. 1 7 Link to comment Share on other sites More sharing options...
juliebug Posted September 10, 2018 Report Share Posted September 10, 2018 Yota you made my week...and it's only Monday! 1 5 Link to comment Share on other sites More sharing options...
6ly410 Posted September 10, 2018 Report Share Posted September 10, 2018 .. Link to comment Share on other sites More sharing options...
blueskyline Posted September 10, 2018 Report Share Posted September 10, 2018 On 8/19/2018 at 11:46 AM, blueskyline said: http://www.iraqtradelinknews.com/2018/08/printing-iraqi-currency-to-replace.html...... SUNDAY, AUGUST 19, 2018 Printing Iraqi currency to replace the damaged 5:44 AM ADMIN Baghdad/ Iraq TradeLink: Iraqi economic sources reported that the Central Bank of Iraq printed great quantities of small Iraqi currency to replace the damaged ones. Iraq suffers lack of small currencies at the present time of 250, 500 and 100 dinars, due to the increase in damaged banknotes. The lack of small currencies hindered the economic movement in daily dealing in the country, the sources added. Posted in: Baghdad,Economy Thanks f26 An economist reveals the bank's printing of large amounts of currency with small categories to replace them with damage 18:39 - 18/08/2018 Information / Special ... The economic expert Majid al-Suri, on Saturday, the printing of the Central Bank of Iraq large amounts of Iraqi currency with small groups to pump it to the market and eliminate the current crisis and withdraw the damage. "The Iraqi market is facing a problem in the small currencies of 250, 500 and 100 dinars because of the lack of printing and the large damage and not withdraw." He added that "the Central Bank has printed large quantities recently of the Iraqi currency with small groups for the purpose of pumping to markets and pull the damage and eliminate the scarcity," noting that "the bank faces two problems in resolving the matter works to resolve the first of the counting and sorting of currency printed and the second refusal of banks to receive damaged currencies For the purpose of withdrawing from the markets. " He pointed out that "the bank is working to solve the problem of counting and sorting first and then go to pump and pull the damaged." The Iraqi market is suffering from a large scarcity in the small currency categories, which affected the economic movement in daily transactions The central poses large amounts of small currency 10/9/2018 12:00 am Confirmed its continuation by replacing the damaged amounts Baghdad / Sabah The Central Bank of Iraq intends next month, to put large amounts of local currency, small groups, while continuing to receive the currency damaged by citizens and replace it New. The Governor of the Bank, Dr. Ali Alalak in a meeting with the "morning", will be published later: "The Central Bank of Iraq, the development of a plan to compensate the market small groups of local currency, as will be next month large amounts of huge ones," noting that " Will meet the need of the local market for those categories of currency. " He added that "the bank continues to receive local currencies damaged by citizens and replace them with new currencies," revealing at the same time, "the existence of a specialized committee to examine the damaged papers to ensure the integrity of fraud and manipulation." Hope nobody minds . I posted all 3 of these together for comparison . I also have the video Yota posted in the back of my mind speaking of the value of the Surrah ? and how it is used in reference to the 1 dinar note 6 3 Link to comment Share on other sites More sharing options...
6ly410 Posted September 10, 2018 Report Share Posted September 10, 2018 5 minutes ago, blueskyline said: Hope nobody minds . I posted all 3 of these together for comparison . I also have the video Yota posted in the back of my mind speaking of the value of the Surrah ? and how it is used in reference to the 1 dinar note Nice thank you 1 Link to comment Share on other sites More sharing options...
blueskyline Posted September 10, 2018 Report Share Posted September 10, 2018 The first two articles speak of pumping the market with large amounts of small currencies . The 3rd articles speaks of compensating (pumping ?) the market with small currencies as well . But it goes on further to say " as will be next month large amounts of huge ones,"..My first reading of this leads me to believe they are releasing large amounts of the Huge notes along with the Small notes . But I wonder ? With the reference to the (Surah ) and it being equal to 1/3 of their Koran along with the 1 dinar note . And its just a small thought . Could these Huge dinars be a new 1 Dinar note with a Huge value ? Much like the Surah that is equal to 1/3 of the Koran which has a Huge value ? 1 10 Link to comment Share on other sites More sharing options...
ChuckFinley Posted September 10, 2018 Report Share Posted September 10, 2018 I would be interested in knowing what that implies as well. 5 Link to comment Share on other sites More sharing options...
Butifldrm Posted September 10, 2018 Report Share Posted September 10, 2018 Ok Guys her's the Bing Translation. Central poses large amounts of small currency 10/9/2018 12:00 a.m. confirmed continued replacement of damaged amounts Baghdad/Sabah Next month, the central Bank of Iraq plans to raise large amounts of local currency, with small groups, while continuing to receive the damaged currency from its citizens and replace it with the new one. The bank's governor, Dr. Ali al-Allaq, said in an extensive meeting with the "Sabah ", will be published later: "The central Bank of Iraq, developing a court plan to compensate the market in small categories of local currency, as the next month will raise large quantities of them," noting that "those quantities will meet the need of the local market For those categories of currency ". He added that "the bank continues to receive the local currencies damaged by the citizens and replace them in the new currencies," revealing at the same time, "the existence of a competent committee to inspect the damaged papers to ensure their safety from forgery and manipulation." 1 10 4 Link to comment Share on other sites More sharing options...
blueskyline Posted September 11, 2018 Report Share Posted September 11, 2018 Thanks Buti . Much clearer . 1 1 Link to comment Share on other sites More sharing options...
Laid Back Posted September 11, 2018 Report Share Posted September 11, 2018 8 hours ago, Botzwana said: So you think it will lop too LB? Botzwana, I didn't mention RD or LOP.... I'm a believer of revaluation at $1:1 but it could start at $0.10 per IQD. Go RV ASAP 5 Link to comment Share on other sites More sharing options...
unirod Posted September 11, 2018 Report Share Posted September 11, 2018 Still ridiculous to even think that the IQD value would stay the same while smaller notes get released in great quantity? 11 Link to comment Share on other sites More sharing options...
gregp Posted September 11, 2018 Report Share Posted September 11, 2018 1 hour ago, unirod said: Still ridiculous to even think that the IQD value would stay the same while smaller notes get released in great quantity? Agreed 5 Link to comment Share on other sites More sharing options...
Laid Back Posted September 11, 2018 Report Share Posted September 11, 2018 3 hours ago, Botzwana said: Oh sorry. You had said you agreed with Floridian who believes in a .10 rv AND a lop Todo bien amigo 1 Link to comment Share on other sites More sharing options...
navira Posted September 11, 2018 Report Share Posted September 11, 2018 Once these great quantities of lower denoms are released into the market, it wont be long for a new rate to kick in 1 8 Link to comment Share on other sites More sharing options...
tigergorzow Posted September 11, 2018 Report Share Posted September 11, 2018 3 hours ago, navira said: Once these great quantities of lower denoms are released into the market, it wont be long for a new rate to kick in DV, Navira, I pray the lower denominations they speak of will be the Coins, 1, 5, 10, 20, etc. They are being very careful not to specify which lower notes they are referring. Keeping the "FAITH" 1 9 Link to comment Share on other sites More sharing options...
Recommended Posts