Iraq new 500-dinar note (B359a) confirmed Iraq new 250-dinar note (B358a) confirmed

[6ly410]

[6ly410]

[Floridian]

Okay, how is this reasoning?

Does this sound reasonable/likely?

 

The 5,000, 10,000, 25,000 and 50,000 become 5, 10, 25, and 50 after dropping 3 zeros

They come out with a new 100 and a new 1 in the near future (I guess when they issue the new 5, 10, 25 and 50)

 

That gives them:

1

5

10

25

50

100

250

500

1,000

 

That would make the dinar equal to the dollar in Iraq.

 

Any ideas how the notes we hold will be handled?

Do they drop our zeros or not? 

 

 

 

 

 

[3n1]

43 minutes ago, Floridian said:

What does it mean if they just issued, and will keep, 1,000, 500 and 250 notes?

How can they drop 3 zeros and still have 1,000?

 

 

Floridian i know im trying to compare usd to iqd here but in america there are 12 denominations in bills. Seven are still being printed: $1, $2, $5, $10, $20, $50, and $100. There are five larger denominations that are no longer being printed. But these are in circulation among collectors and are still considered legal tender: $500, $1,000, $5,000, $10,000, and$100,000.

[Floridian]

2 minutes ago, 3n1 said:

 

Floridian i know im trying to compare usd to iqd here but in america there are 12 denominations in bills. Seven are still being printed: $1, $2, $5, $10, $20, $50, and $100. There are five larger denominations that are no longer being printed. But these are in circulation among collectors and are still considered legal tender: $500, $1,000, $5,000, $10,000, and$100,000.

 

That's true, 3n1, but the collector items are worth much more than face value, aren't they?

The 3 zero notes that we hold will not have collector's value.

 

I'm just trying to figure out how our notes will be handled at whatever exchange rate they decide upon.

 

[Floridian]

7 minutes ago, 3n1 said:

 

Floridian i know im trying to compare usd to iqd here but in america there are 12 denominations in bills. Seven are still being printed: $1, $2, $5, $10, $20, $50, and $100. There are five larger denominations that are no longer being printed. But these are in circulation among collectors and are still considered legal tender: $500, $1,000, $5,000, $10,000, and$100,000.

 

I just Googled it:

 

People also ask

How much is a $100 000 bill worth?

It also includes sheets of America's largest denomination currency, the $100,000 bill, which is said to be worth about $1.6 million today. The gold certificate note, which bears President Woodrow Wilson's portrait, was used only for official transactions between Federal Reserve Banks.

[jg1]

1 hour ago, Floridian said:

What does it mean if they just issued, and will keep, 1,000, 500 and 250 notes?

How can they drop 3 zeros and still have 1,000?

I can't figure out what they plan on doing.

Yes indeed, I would say that any denomination that did not have the 3 zeros to take off would have to be taken to the bank for new bank notes, kinda like taking all your pennys to the bank youve been saving. In mexico when they lopped off the zeros any denom that did not have the 3 zeros would have been taken to the bank I assume. 

[3n1]

36 minutes ago, Floridian said:

I'm just trying to figure out how our notes will be handled at whatever exchange rate they decide upon.

 

 

 stay with it 

[Mary B]

Iraq new 250- and 500-dinar notes confirmed
06 10, 2014 08:49

250 dinars, ٢٠١٣ - ١٤٣٥ (2013/AH1435). Like CBI B47, but new date, new signature (Abdul Basit Turki Saeed), and one intaglio circle at upper left front for the sight impaired. 

Iraq new 500-dinar note (B353) confirmed
21 11, 2016 06:49

 

B353: Like B348, but with Kurdish text on back.
500 dinars, ٢٠١٣ - ١٤٣٥ (2013/AH1435). Like CBI B48, but new date, new signature (Abdul Basit Turki Saeed), and two intaglio circles at upper left front for the sight impaired. 12/07/ 2018 08:20 Category: Middle East
Like B347, but new date and printed name of governor, not signature.

 

 

https://www.banknotenews.com/files/category-middle-east.php

Edited December 8, 2018 by Mary B

[navira]

Bump it again

[6ly410]

Bump 

[madisonjar]

Ha what a great start to the weekend..just feel like the little baby steps they have been taking is starting to turn into a jog...let's cross that finish line soon!

[bigwave]

12 hours ago, Floridian said:

The gold certificate note, which bears President Woodrow Wilson's portrait, was used only for official transactions between Federal Reserve Banks.

And the downfall of the Dollar too....

 

36 minutes ago, 6ly410 said:

Bump 

I want to see some coins. If these notes are their coins - not good.

[Officiallytook]

Kinda off topic but what you guys think about Trump, thinks they're gonna impeach em? I mean kind of would mess us over if it does happen...I'm inclined to believe 

[Laid Back]

If this article is true, and a new 500 & 250 IQD notes are coming out to the local market, it means the RV will take longer.

 

Why 500 & 250 IQD notes instead of 1-5-10-20-50-100 IQD notes?

 

Just my humble opinion.

[ChuckFinley]

Could it be part of a larger transition plan where the value increases an having a 1000 note and above becomes to big to carry for daily transactions.  Enter the 250 and 500, followed by to 1,5,10,50 and 100.

[6ly410]

Good morning DV! Bump 

[navira]

Then lower notes like 1, 5, 10, 50 and 100 are coming 

[6ly410]

Just now, navira said:

Then lower notes like 1, 5, 10, 50 and 100 are coming 

Yes dancing shoes are ready bro haha 

[dinarham]

It looks like it is based on the peso , which spits out larger notes from the ATM's ,$500's  $200's 

[fancy]

2 minutes ago, 6ly410 said:

Good morning DV! Bump 

Thanks 6ly410. This is such a good find.

[dinarham]

Not peso value ,which is 20 peso to the dollar

[navira]

Me too bro haha

[dinarham]

I've lost my mind ,don't listen to me

[6ly410]

Haha