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yota691

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

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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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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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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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6 hours ago, yota691 said:

The cost of printing one banknote is between 4 and 5 US cents,

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

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7 hours ago, yota691 said:

printing a thousand papers of the category of 25 thousand dinars

I wonder how big each of the thousand papers are.

 

It may not be very much and just a hold over until the RV????

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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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