Popular Post dinarbeleiver Posted October 4, 2018 Popular Post Report Share Posted October 4, 2018 Trish in the category of 100 thousand dinars Central Bank: We plan to restructure the Iraqi currency, including the deletion of zeros 2018/10/03 9:29 am Revealed the Governor of the Central Bank of the existence of a plan for the future restructuring of the Iraqi currency, including the deletion of zeros, while the bank is currently defrauding the issue of the currency of the category of 100 thousand dinars. The governor of the Central Bank Ali Al-Alaq: The idea of putting the currency of the category of 100 thousand dinars traded by the Central Bank, but at the moment to delay them, indicating that there is a tendency in some countries to reduce the currency categories so as not to be stored or falsified. He continued: The currencies of small groups, may lead the citizen to bid farewell to banks for the difficulty of storage, revealing that the central bank has a future plan to restructure the Iraqi currency, including the deletion of zeros, but this plan needs to consider steps, and a stable situation fully so as not to Exploit this in the work of forgery and others. The Central Bank of Iraq also announced the abolition of the requirement of appointing the director of the intermediary companies. The bank said in a brief statement that based on the decision of the board of directors of this bank No. (114) for the year 2018, it was decided to cancel the condition of owning shares in the company for the purpose of appointing the director of the brokerage companies to sell and buy foreign currency. While the Central Bank of Iraq announced that it was officially exited from the list of sanctions imposed by the European Union, during the era of the regime buried. The bank said in a statement that the Brussels move, published in the official newspaper of the European Union, confirmed the abolition of sanctions imposed on this bank under the former regime. The European sanctions provide for the prohibition of dealing with a group of Iraqi financial and non-financial institutions, including the Central Bank of Iraq. The Central Bank of Iraq that this development came after making significant progress in improving the performance and application of international regulations and standards in the banking field. He added: Under these recent amendments will allow the international financial banking institutions to deal with the Central Bank of Iraq, in accordance with the new instructions, because it has become a reliable financial institutions to deal with European international institutions. The Central Bank denied the circulation of the $100 for the previous editions of the pre-2006 publications, pointing out that rumors in this regard fall within the category of market speculation. "The bank is trading all categories of the dollar and all previous editions even before 2006," said Mahmoud Mohammed Dagher, general manager of the Department of Financial Operations and Public Debt Department at the Central Bank. "The circulation of $100 for the pre-2006 period is far from Indeed". He added that "the bank does not reject a specific category or edition of the dollar, unless it is forged, "noting that" the non-circulation of some citizens and banking offices of the old issues, back to the Iraqi market and the bank has nothing to do with it. He pointed out that all the neighboring countries of the Turkish and Jordanian markets are dealing in dollars without account of the categories or editions of the opposite market in Iraq. Some owners of Iraq's banking offices refuse to buy the $100 category from pre-2006 issues and return $1 notes to their owners. https://www.almuraqeb-aliraqi.org/2018/10/03/117745/ 1 6 13 Link to comment Share on other sites More sharing options...
bostonangler Posted October 4, 2018 Report Share Posted October 4, 2018 Nice... B/A 2 Link to comment Share on other sites More sharing options...
Starrider Posted October 4, 2018 Report Share Posted October 4, 2018 3 hours ago, bostonangler said: Nice... B/A So is that the 100k dinar bill only. Starr Link to comment Share on other sites More sharing options...
bostonangler Posted October 4, 2018 Report Share Posted October 4, 2018 5 minutes ago, Starrider said: So is that the 100k dinar bill only. Starr This sounds like they are saying they are NOT issuing a 100K note. while the bank is currently defrauding the issue of the currency of the category of 100 thousand dinars. This too sounds like they are NOT going forward with the notes The idea of putting the currency of the category of 100 thousand dinars traded by the Central Bank, but at the moment to delay them Of course I'm no expert. B/A 2 Link to comment Share on other sites More sharing options...
Starrider Posted October 4, 2018 Report Share Posted October 4, 2018 3 hours ago, bostonangler said: This sounds like they are saying they are NOT issuing a 100K note. while the bank is currently defrauding the issue of the currency of the category of 100 thousand dinars. This too sounds like they are NOT going forward with the notes The idea of putting the currency of the category of 100 thousand dinars traded by the Central Bank, but at the moment to delay them Of course I'm no expert. B/A Thank you BA I just wanted to make sure I'm reading this correctly. Starr 1 Link to comment Share on other sites More sharing options...
8th ID Posted October 4, 2018 Report Share Posted October 4, 2018 2 minutes ago, bostonangler said: This sounds like they are saying they are NOT issuing a 100K note. while the bank is currently defrauding the issue of the currency of the category of 100 thousand dinars. This too sounds like they are NOT going forward with the notes The idea of putting the currency of the category of 100 thousand dinars traded by the Central Bank, but at the moment to delay them Of course I'm no expert. B/A I agree with you on this...Sounds like the $100K bill is out, they are not going to issue it. 20 minutes ago, dinarbeleiver said: revealing that the central bank has a future plan to restructure the Iraqi currency, including the deletion of zeros, but this plan needs to consider steps, and a stable situation fully so as not to Exploit this in the work of forgery and others. Reason, They won't need a $100K bill, it will be a $100 bill, SOON! 1 8 Link to comment Share on other sites More sharing options...
navira Posted October 4, 2018 Report Share Posted October 4, 2018 U will see many more of this type of article as we get closer to the CBI's plan of distributing the lower notes this month. The CBI will not announce when as to when they will execute the plan because as they said not to alert anyone out there especially those who are doing forgery n more.A SUITABLE ENVIRONMENT is needed going forward with such plan. The 100thou note is only traded for BANKS only n not to be distributed for the public use. We are almost there folks...the CBI said the lower notes will be out this month. Cheers all 2 13 Link to comment Share on other sites More sharing options...
cranman Posted October 4, 2018 Report Share Posted October 4, 2018 (edited) Yeah well, their plan is not aligning with my plan. I planned to be out of this years ago. Much, much richer though. The best laid plan of mice and men often go awry. Edited October 4, 2018 by cranman 11 2 Link to comment Share on other sites More sharing options...
gregp Posted October 4, 2018 Report Share Posted October 4, 2018 Great article! Thanks, DB! 2 Link to comment Share on other sites More sharing options...
10 YEARS LATER Posted October 4, 2018 Report Share Posted October 4, 2018 Trish ....... has a plan. Ok. 4 Link to comment Share on other sites More sharing options...
dinarbeleiver Posted October 4, 2018 Author Report Share Posted October 4, 2018 10 minutes ago, cranman said: Yeah well, their plan is not aligning with my plan. I planned to be out of this years ago. Much, much richer though. The best laid plan of mice and men often go awry. Patience investing Iraq takes drinking tea - from an old article lol 1 Link to comment Share on other sites More sharing options...
dinarbeleiver Posted October 4, 2018 Author Report Share Posted October 4, 2018 5 minutes ago, gregp said: Great article! Thanks, DB! I can’t take credit for it as I kinda nicked it from elsewhere but yes it’s a good one. IMO we need to see loads of deletion of zeros before they do it with some sort of education program on the new notes 3 2 Link to comment Share on other sites More sharing options...
Viciousdoggie Posted October 4, 2018 Report Share Posted October 4, 2018 Will we have to trade in our notes for new ones? 2 Link to comment Share on other sites More sharing options...
NEPatriotsFan1 Posted October 4, 2018 Report Share Posted October 4, 2018 Thank you DB! Sounds like 100k note is shelved...... part of the confusion before the big event.... imo the 50k and 100k were just to keep speculators at bay.... 3 Link to comment Share on other sites More sharing options...
Synopsis Posted October 4, 2018 Report Share Posted October 4, 2018 Hey, it is ONLY October 4 today and there are 27 days left in October!!! This is ONE Great Article. Thank You, DinarBeleiver, AND The Best Of The Rest Of Your Week To You AND Up Coming Weekend!!! Maybe Mahdi has done some prep work and has gained agreements on his Cabinet and will get them approved within, hopefully well within, the 30 days. I suspect this will give the CBI more confidence in STABILITY of the GOI for completing their monetary reform and "delete the zeroes project"!!! In The Mean Time............................................................. Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!! 1 7 Link to comment Share on other sites More sharing options...
navira Posted October 4, 2018 Report Share Posted October 4, 2018 The Iraqis have been educated too many times...many articles like this were published many years ago when Shabibi was still a CBI governor. The Iraqis are not letting go what they have in their hands until the plan is executed (knowing their money is safe n secured)...that is why they are not putting their money in the banks. This is the recent article from yesterday: Keywords: Bank of the first experience in Iraq to save banks and depositors . This is to put back the confidence in the people and to all banks in Iraq including the international banks. This has to be done before the plan is executed....cheers dvers 2 4 Link to comment Share on other sites More sharing options...
Theseus Posted October 4, 2018 Report Share Posted October 4, 2018 I have a question What happened to the "later in the week" that something "big" was supposed to happen? ahhh right...nothing did happen that week. This is another "future" or "soon" article (see the first highlighted sentence). 1 4 Link to comment Share on other sites More sharing options...
10 YEARS LATER Posted October 4, 2018 Report Share Posted October 4, 2018 6 minutes ago, Synopsis said: Hey, it is ONLY October 4 today and there are 27 days left in October!!! This is ONE Great Article. Thank You, DinarBeleiver, AND The Best Of The Rest Of Your Week To You AND Up Coming Weekend!!! Maybe Mahdi has done some prep work and has gained agreements on his Cabinet and will get them approved within, hopefully well within, the 30 days. I suspect this will give the CBI more confidence in STABILITY of the GOI for completing their monetary reform and "delete the zeroes project"!!! In The Mean Time............................................................. Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!! I hope to hell someday over there has their poop in a group ( actually, I think this Mahdi Cat really does ). 15 years of chin wagging is enough - Ring the Bell, Pull the Trigger or Push the Dang Button. Get this GOI activated, roll out the HCL and release the hounds. 1 2 5 Link to comment Share on other sites More sharing options...
wciappetta Posted October 4, 2018 Report Share Posted October 4, 2018 1 hour ago, dinarbeleiver said: this plan needs to consider steps, and a stable situation fully The only item I see left for this stability is the actual forming of the new gov. All the other issues previously sighted by the CBI are complete. 6 Link to comment Share on other sites More sharing options...
KDuesing Posted October 4, 2018 Report Share Posted October 4, 2018 Here ll translate the article into good ole redneck for you guys, CBI says there's no way were dumping a whole bunch of 100k notes out into the banking system when we plan to delete the zero's. 1 1 2 4 Link to comment Share on other sites More sharing options...
Synopsis Posted October 4, 2018 Report Share Posted October 4, 2018 18 minutes ago, 10 YEARS LATER said: I hope to hell someday over there has their poop in a group ( actually, I think this Mahdi Cat really does ). 15 years of chin wagging is enough - Ring the Bell, Pull the Trigger or Push the Dang Button. Get this GOI activated, roll out the HCL and release the hounds. I hear You, 10 years Later, AND The Best Of The Rest Of Your Week To You AND Up Coming Weekend!!! Optimism has likely been in order in the past. However, it seems ever so more warranted now. Cautiously optimistic, though!!! In The Mean Time............................................................. Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!! 2 1 Link to comment Share on other sites More sharing options...
NEPatriotsFan1 Posted October 4, 2018 Report Share Posted October 4, 2018 38 minutes ago, navira said: The Iraqis have been educated too many times...many articles like this were published many years ago when Shabibi was still a CBI governor. The Iraqis are not letting go what they have in their hands until the plan is executed (knowing their money is safe n secured)...that is why they are not putting their money in the banks. This is the recent article from yesterday: Keywords: Bank of the first experience in Iraq to save banks and depositors . This is to put back the confidence in the people and to all banks in Iraq including the international banks. This has to be done before the plan is executed....cheers dvers I have to agree with Navira here! The people aren’t letting go of their Dinar till they get paid!!! In my job I meet a lot of people, one of the potential customers I met a couple years back was an Iraqi refugee living here in the United States, She lost three brothers in the first Iraq war. After speaking with her about her family at the end of the appointment I asked her if she ever thought the Iraq he currency would go back to its previous value, without hesitation she said absolutely! She also told me that she was holding Iraqi dinar. I told her that I had invested in some the only thing she told me was “smart”. That is one of the things I have hung my hat on all these years to keep the faith! 2 4 11 Link to comment Share on other sites More sharing options...
DinarThug Posted October 4, 2018 Report Share Posted October 4, 2018 2 hours ago, dinarbeleiver said: Revealed the Governor of the Central Bank of the existence of a plan for the future restructuring of the Iraqi currency, Hello McFly - So Turn On The Flux Capacitor And Crank Up The Rate ! What The Flux - I Want The Gigawatt Rate ... 6 1 Link to comment Share on other sites More sharing options...
stangernan Posted October 4, 2018 Report Share Posted October 4, 2018 40 minutes ago, DinarThug said: Hello McFly - So Turn On The Flux Capacitor And Crank Up The Rate ! What The Flux - I Want The Gigawatt Rate ... One of my favorite movies!!! Lets GOOOOOO Fluxxxxx 2 Link to comment Share on other sites More sharing options...
dinarham Posted October 4, 2018 Report Share Posted October 4, 2018 I like the part that states that Iraqis "must bid farwell to the banks for difficulty in storage" . It goes back to the 10 wheelbarrows full of dinar needed to buy one wheelbarrow . 1 5 Link to comment Share on other sites More sharing options...
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