Trish in the category of 100 thousand dinars Central Bank: We plan to restructure the Iraqi currency, including the deletion of zeros

[Synopsis]

Here is the article DinarBeleiver (Thank You, DinarBeleiver) posted the link to:

 

https://www.almuraqeb-aliraqi.org/2018/10/03/117745/

 

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, the international financial banking institutions will be allowed to deal with the CBI in accordance with the new instructions, as it has become a reliable financial institution 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.

 

[6ly410]

Go RV  

[one2one]

small denominations are nearly worthless now and require a wheelbarrow to haul them around :

if the article is true, then an RV soon

[DWS112]

2 hours ago, Carrello said:

image .. Iraq is being changed to design one of its currency and posed a “significant quantities”

Just a guess - Could this be the image for a new metal 1 dinar coin? 

                           

[Carrello]

DWS112, It looks like the image you put up is indicted to be the center of the paper bill.

 

 

[DWS112]

1 minute ago, Carrello said:

DWS112, It looks like the image you put up is indicted to be the center of the paper bill.

That's correct Carrello. Will be on both as they are used "side by side"

[Laid Back]

2 hours ago, Starrider said:

LB So what I'm understanding from all of this is (Quote me if I'm wrong here) lower dom's come out to collect the 000 notes then a time limit will be established to turn in the larger notes for the smaller after the limit expires then it's tissue paper.

 

Starr 

Starr, thanks for your input.

I think the lower denomination notes will come out with new added value equal or higher than the dollar, to collect the 000 notes in the local market. Then the new note and the old note will coexist for a period up to 2 years and then its tissue paper.

 

2 hours ago, 3n1 said:

 

laid back for cbi gov. 

 

😂😂😂Thanks my friend 3n1👍🏻

 

 

[ChuckFinley]

What the heck is going on here? Are you guys trying to make my day. After a long day at the asylum i am catching Starider and Laid Back exchange. You guys are making me feel like this is coming to an end. 

 

I want to thank everyone else for adding to this post. I will have to start from the beginning and get all the info.

 

THANKS EVERYONE.  

Edited October 5, 2018 by ChuckFinley

[screwball]

They said next week which is probably same as soon in Iraq, so we should know soon enough. 

[ChuckFinley]

Just now, screwball said:

They said next week which is probably same as soon in Iraq, so we should know soon enough. 

Or in the coming days.

[3n1]

3 minutes ago, screwball said:

They said next week which is probably same as soon in Iraq, so we should know soon enough. 

 

...... OR sometimes next means this in iraqish ... #dreambig

[Theseus]

9 hours ago, Theseus said:

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).

 

 

Great neg me! I usually dont respond to negs but in this case I see you negging the person who wrote the original statement, Neg away!

Edited October 5, 2018 by Theseus

[blueskyline]

www.alsumaria.tv/news/249160/بالصورة-البنك-المركزي-يقرر-طرح-كميات-كبيرة-من-الفئ/ar.........

 

The central bank decides to put large quantities of small groups in a new way   Edited By Ravid Sabar - Thursday, October 4, -   +         Al-Sumerian News / Baghdad The Central Bank of Iraq announced on Thursday the release of large amounts of currency for small groups next week, adding that the groups will include a change in form.  The bank said in a statement received by Alsumaria News a copy of it, "it will subtract large quantities of small categories to meet the need for daily transactions and the quality of the material has been improved."   The bank added that "a simple change will be made in the new form that will be put forward for trading next week, knowing that the deal will be in the old and new form together without discrimination."

[blueskyline]

Thanks DB and Everybody .GE DV's ....... A further  hmmmmmmmmm.......

The bank added that "a simple change will be made in the new form that will be put forward for trading next week, knowing that the deal will be in the old and new form together without discrimination."

[davis411]

Mmmmmmm

like zoooooom

hard to get the point across on 

type 

[DinarThug]

43 minutes ago, blueskyline said:

The central bank decides to put large quantities of small groups in a new way

 

So Are All Of The Giant Hefty Bags Full Of 50 Dinar Notes That LGD And Umbertino Sold Me More Of Again Last Week About To Really Take Off ?  

 

 

 

Sweet - I May Need To Get Some More ...

 

     

[blueskyline]

2 hours ago, Carrello said:

DWS112, It looks like the image you put up is indicted to be the center of the paper bill.

 

You would think a metallic strip ribbon would be on this as well ........interesting 

 

 

[3n1]

.... so is that 1000 dinar note pictured supposed to be the new currency or just a example ?

[DWS112]

The Central Bank launches a small currency and delete Quranic verse

The Central Bank of Iraq announced on Thursday that it intends to launch large quantities of small currency categories to the market with changes, including the absence of the category of a thousand dinars from Al-Ikhlas.

A statement issued by the Central Bank said that "small amounts of small denominations were launched with a slight change in the form of these categories of 1000 dinars, 500 dinars and 250 dinars." 
"The deal will continue to trade with the new and previous issues in daily trading," he said. 
The new edition of the category of the thousand dinars of surah al-Ikhlas that existed in all other editions.

 

 

[Half Crazy Runner]

4 hours ago, Synopsis said:

Restructure The Iraqi Currency, Including The Deletion Of Zero

 

 

[NoviceInvestor]

11 minutes ago, Half Crazy Runner said:

 

 

Ditto and a email bearing good news from AM..

[keylime]

28 minutes ago, DWS112 said:

The Central Bank launches a small currency and delete Quranic verse

The Central Bank of Iraq announced on Thursday that it intends to launch large quantities of small currency categories to the market with changes, including the absence of the category of a thousand dinars from Al-Ikhlas.

A statement issued by the Central Bank said that "small amounts of small denominations were launched with a slight change in the form of these categories of 1000 dinars, 500 dinars and 250 dinars." 
"The deal will continue to trade with the new and previous issues in daily trading," he said. 
The new edition of the category of the thousand dinars of surah al-Ikhlas that existed in all other editions.

 

 

what category is that at the bottom? A 500?  When they release a new 50, 25, 10 and 1 then we are there!

[new york kevin]

9 hours ago, dinarbeleiver said:

That’s what my Middle Eastern friend reckons and is expecting it within 6 months. I l don’t know what to believe except that one day the RV will happen 

Yes, but when it happens will we or our loved ones still be alive ? Excuse me I have to go flush my sinus cavities inorder to wash out allergens. 

Edited October 5, 2018 by new york kevin

[screwball]

29 minutes ago, keylime said:

what category is that at the bottom? A 500?  When they release a new 50, 25, 10 and 1 then we are there!

 

In my opinion they are releasing new versions of the 250, 500 and possibly 1000 maybe with new cbi governor signed...lower than this would be great but not getting excited

Edited October 5, 2018 by screwball

[keylime]

14 minutes ago, screwball said:

 

In my opinion they are releasing new versions of the 250, 500 and possibly 1000 maybe with new cbi governor signed...lower than this would be great but not getting excited

My sentiments exactly