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The central bank issues a decision to cover the market need of small monetary categories


yota691
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1 hour ago, Laid Back said:

It make no sense to bring out this note to the local market BUT is this article is true 

the RV- RI will take longer..... I don’t believe this article is true 

 

Could be just a education campaign to the citizens to let them know new notes are

coming out to the market, But not the ones they are taking about.

 

Go cbi

Go dinar real market value 

Go lower denomination notes 

Go purchasing power 

 

 

 

I think that is an Excellent Point, Laid Back, AND The Very Best Of The Rest Of Your Week AND Up Coming Weekend To You!!! :tiphat:

 

Since the CBI regulates the issuance and recall of Bicraqi Iraqi Dinar notes, the NEW notes would HAVE TO be noted on the CBI website just prior to or at the same time the notes hit the streets. Otherwise, who would accept the variant since it could be a worthless and fake note?

 

Here is a screen shot of the latest CBI issues:

 

image.thumb.png.a984bc84e583e985982701920f321376.png

 

https://cbi.iq/page/89

 

There are no 2018 notes issued by the CBI noted on the website, yet.

 

For the Bicraqi Iraqi Dinar currency internet vendors in The United States Of America, only one offers the 250, 500, and 1,000 notes (uncertain if these are circulated or uncirculated since prices indicate uncirculated in limited quantities in 50,000, 50,000, and 100,000 dinars quantities respectively). One is offering circulated 1,000 notes. The 5,000 dinar note is more widely available than the 10,000 dinar note while the 50,000 dinar note is out of stock and has been out of stock for some time. The 25,000 notes are most plentiful whereas one vendor has run out of the circulated 25,000 dinar notes in the past and currently has limited quantities. My opinion is the Bicraqi Iraqi Dinar made available outside Iraq via legitimate Bicraqi Iraqi currency vendors to legitimate foreign currency vendors is a way to control the note count of the various denominations in Iraq AND provide a source of foreign currency to Iraq.

 

So, the point of all this to me is THERE IS smoke and mirrors regarding the issuance of the 250, 500, and 1,000 notes as noted by the lack of noting the new issue notes by the CBI and these notes available in The United States Of America in limited quantities.

 

Just my conjecture (somewhat fact based), thoughts, opinion, and :twocents: for whatever THAT is worth!!! Hey, I might be a nut job or somethin'!!! :o CAVEAT EMPTOR, Reader!!!

 

In The Mean Time....................................................

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

:rodeo:   :pirateship:

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1 hour ago, fnbplanet said:

Finally, a verified Zappa reference.  Bravo!

 

 

Frank was so far ahead of his time, many will never have a chance in hell of catching up. Dweezel ( his son ) has been on the road for a little while now bringing Franks music to several lost generations as well as to the rest of us.:salute:

 

Damn fine band he’s got too.

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3 hours ago, Synopsis said:

I think that is an Excellent Point, Laid Back, AND The Very Best Of The Rest Of Your Week AND Up Coming Weekend To You!!! :tiphat:

 

Since the CBI regulates the issuance and recall of Bicraqi Iraqi Dinar notes, the NEW notes would HAVE TO be noted on the CBI website just prior to or at the same time the notes hit the streets. Otherwise, who would accept the variant since it could be a worthless and fake note?

 

Here is a screen shot of the latest CBI issues:

Same to you Synopsis, ........ thanks for your input my friend.

 

l think the new notes (lower denomination) are going to appear in the CBI Website at the same time the notes hit the street.

 

Go CBI

Go LD

Go RV

Go $1:1

 

 

 

 

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3 hours ago, SocalDinar said:

Inflation really bites

 

The Inflation Calculator

 

What cost $1000 in 2002 would cost $1392.65 in 2017.

Also, if you were to buy exactly the same products in 2017 and 2002,
they would cost you $1000 and $716.65 respectively.

 

Nice touch on the Inflation Calculator SD :tiphat:. . . Buy more IQD to offset inflation kids !;) 

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New information about the Bank of Baghdad and the number of customers who are used to selling the currency

[/rtl]
[rtl]Editorial Date: 2018/11/8 7:30 • 118 times scheduled[/rtl]

story_img_5be34218be8f6.jpg
[rtl]
{Baghdad: Al-Furat News} The victim of the auction of currency in the {Bank of Baghdad} Mohammed Qasim, the exploitation of 438 customers at the sale of the currency and most of them do not know it.
"We are dealing as a company with a lot of government and private institutions, where we began to transfer remittances out of Iraq, according to the need to work since 2009 through the Bank of Baghdad." 
"In 2015 we discovered some quotations in the Tax Authority are in the file of my name, starting with 100 thousand dollars until it reached one million and 150 thousand dollars without our knowledge and we also discovered that the amount more than this in the Central Bank." 
Qassim pointed out that "since the discovery of the matter, we began to collect documents and complaints to the Central Bank and the Court of Integrity and the Court of Financial Supervision and the Court of First Instance Integrity Commission," revealing "the exploitation of approximately 438 customers between the name and company at the auction sale of currency and many of them so far do not know."
He continued that "the Bank of Baghdad took advantage of the lists in the lists of owners of companies from dealing and exploited, and some accounts that were converted in the form of {know your customer] is a practice of lying." 
He drew Qassim to "meet with the governor of Baghdad on the subject and his response that he regrets what happened and asked the Bank of Baghdad to apologize," noting that "the State fined the bank amount of one million dollars and quoted a mitigating sentence of five accused, including three women in the bank."

http://alforatnews.com/modules/news/article.php?storytopic=37&storyid=179406
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22 hours ago, 10 YEARS LATER said:

 

Frank was so far ahead of his time, many will never have a chance in hell of catching up. Dweezel ( his son ) has been on the road for a little while now bringing Franks music to several lost generations as well as to the rest of us.:salute:

 

Damn fine band he’s got too.

 

Wasn't his daughter's name  "Moon Unit"?

 

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1 hour ago, fnbplanet said:

 

Wasn't his daughter's name  "Moon Unit"?

 

 

Yep - she did the song “ Valley Girl “ ...I think Frank wrote it. Moon had that Valley Girl “ Speak “

NAILED ! 

 

Pretty funny stuff .... at the time it was released I was living/working in the San Fernando Valley of Los Angeles. That area was Ground Zero Valley Girl territory. 

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On 11/7/2018 at 4:01 PM, Laid Back said:

It make no sense to bring out this note to the local market BUT is this article is true 

the RV- RI will take longer..... I don’t believe this article is true 

 

Could be just a education campaign to the citizens to let them know new notes are

coming out to the market, But not the ones they are taking about.

 

Go cbi

Go dinar real market value 

Go lower denomination notes 

Go purchasing power 

 

 

Part of the deception plan or the miss information before the big one.

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Yup... Moon Unit and Dweezel are  the kids names. Zap was a pioneer in the music industry and wasn't afraid to

explore even the darkest or strangest corners.

 

I suspect the 1000 Dinar note was being used a lot and was wearing out due to the environment in Iraq. (sand, usage and heat, etc.).

Since it may have been time to start replacing worn out notes anyways, why not upgrade the imagery. ??

 But it does beg the question why spend the money for a reprint if you are close to doing a  shift with the value.  ??

 

The best things in life RV

 

yak

Edited by pontiyak
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1 minute ago, ChuckFinley said:

Part of the deception plan or the miss information before the big one.

ChuckFinley, nice to see you my friend. Hope all is well?

They are telling the citizens new notes are coming out to the market. In the near future we will find out  if they are telling the truth or not, about the new notes denomination.

 

Go CBI

Go LD

Go $1:1

 

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7 minutes ago, pontiyak said:

But it does beg the question why spend the money for a reprint if you are close to doing a  shift with the value.  ??

 

 

who knows the thousand may be one cbi keeps for large banking stuff .... cheers 

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15 minutes ago, 3n1 said:

 

who knows the thousand may be one cbi keeps for large banking stuff .... cheers 

We could sure use a larger Note than the $100.00. But the IRS hates that idea. They would rather be able to track how much you spend.

Even when you buy groceries they can find out how much cash you spend if you give them your club card. Its all linked and easy to trace.

One big solar flare and it will be chaos.  

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 Central Bank: The process of exchange of banknotes takes place daily

 15/11/2018

 

http://economy-news.net/content.php?id=14386

 

Economy News Baghdad:

 

The Central Bank of Iraq revealed on Thursday the reasons that led to the replacement of damaged banknotes in 2013, stressing that all procedures related to the replacement of those securities "took place according to the law instructions and controls," noting that the process of exchange of banknotes is a daily process. "The cash exchange process is a daily function, and if we assume that the central bank did not receive the banknotes (the damaged banknotes in 2013) or the last receipt, the banknotes will cause more problems," said Ihsan al-Yasiri, director general of the central bank, in a press conference. Rot, and will constitute damage to the treasury of Rafidain Bank, and will pass the loss to the owner of the bank, which is the Ministry of Finance so the central bank received and conducted the For his part, said the Director General of the Legal Department in the bank, Mustafa Ghaleb, "Article 33 and Article 34 of the law of the Central Bank of Iraq No. 56 of 2004 was clear on the replacement of paper currency and cash damaged and is considered one of the core duties and functions of the Central Bank of Iraq based on the law" . He added that "this process is carried out by the mechanism and controls and instructions issued by the issuance department and the treasury in the bank, which has implemented instructions on the subject in question," noting that "all procedures related to the replacement of currency in a timely manner in 2013 took place in accordance with the law and instructions and controls."

8550.jpg

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  • yota691 changed the title to Central Bank: The process of exchange of banknotes takes place daily
 
8550.jpg
Central Bank of Iraq
  

 Banks


Economy News Baghdad:

The Central Bank of Iraq revealed on Thursday the reasons that led to the replacement of damaged banknotes in 2013, stressing that all procedures related to the replacement of those securities "took place according to the law instructions and controls ," noting that the process of exchange of banknotes is a daily process.

"The cash exchange process is a daily function, and if we assume that the central bank did not receive the banknotes (the damaged banknotes in 2013) or the last receipt, the banknotes will cause more problems," said Ihsan al-Yasiri, director general of the central bank, in a press conference. Rot, and will constitute damage to the treasury of Rafidain Bank, and will pass the loss to the owner of the bank, which is the Ministry of Finance so the central bank received and conducted the process of replacement .

For his part, said the Director General of the Legal Department in the bank, Mustafa Ghaleb, "Article 33 and Article 34 of the law of the Central Bank of Iraq No. 56 of 2004 was clear on the replacement of paper currency and cash damaged and is considered one of the core duties and functions of the Central Bank of Iraq based on the law " .

He added that "this process is carried out by the mechanism and controls and instructions issued by the issuance department and the treasury in the bank, which has implemented instructions on the subject in question," noting that "all procedures related to the replacement of currency in a timely manner in 2013 took place in accordance with the law and instructions and controls ."


Views 241   Date Added 11/15/2018

 
 
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  • yota691 changed the title to Where to print the Iraqi currency and how much it cost?

Where to print the Iraqi currency and how much it cost?

03:54 - 18/11/2018

 
image
 
 

Special - Mawazin News 
MP Naji Radis al-Saidi, on Sunday, the place where the printing of the Iraqi currency, pointing out that it cost 4 cents per paper. 
"The Central Bank was in the past printing the banknotes of the Iraqi currency in Switzerland, but he changed the place of printing and is currently printing at the British Institute in London and it is supposed to be specifications prevent damage," Saidi said in an interview with Mawazine News. 
"The cost of printing one banknote is between 4 and 5 US cents, and then the currency is transferred to Iraq," he said. 
The director of the issuance in the Central Bank Ihsan al-Yasiri said that the Central Bank of printing a thousand papers of the category of 25 thousand dinars in Arson international companies at less than $ 60, noting that the bank will not spend a lot of liquidity to print the new monetary categories because they cost a few. / H

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2 hours ago, Officiallytook said:

So it costs more to print then it's actually worth? Am I getting this... Iraq better make a move before this or your gonna be eating Shiet

It costs 1.5 cents to make a penny.  Actually a lot of people hoard the older pure copper cents. They hope someday that congress will allow their destruction

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  • yota691 changed the title to The central bank issues a decision to cover the market need of small monetary categories
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