Laid Back Posted April 18, 2019 Report Share Posted April 18, 2019 (edited) “The Central Bank of Iraq (CBE) launched a branch of the Basra branch on Thursday to develop a window from the issue division to provide small groups of 250, 500 and 1,000 dinars.“ Why 250, 500 and 1000? ...... Why not Lower denomination notes.? Just for the purpose of facilitating the deal between a single trader And the citizen. They can do that with lower denomination notes too. This is just my opinion like it or not.... This article make believe the CBI and the economy are not ready for lower denomination notes yet. Our wait continues. Edited April 18, 2019 by Laid Back 6 1 4 2 Quote Link to comment Share on other sites More sharing options...
Desertmedic2009 Posted April 18, 2019 Report Share Posted April 18, 2019 1 hour ago, Laid Back said: “The Central Bank of Iraq (CBE) launched a branch of the Basra branch on Thursday to develop a window from the issue division to provide small groups of 250, 500 and 1,000 dinars.“ Why 250, 500 and 1000? ...... Why not Lower denomination notes.? Just for the purpose of facilitating the deal between a single trader And the citizen. They can do that with lower denomination notes too. This is just my opinion like it or not.... This article make believe the CBI and the economy are not ready for lower denomination notes yet. Our wait continues. As heart breaking as that sounds. You are correct! The lower the note the better for us.... if they are still using the same denoms then nothing is changing at the moment. 2 1 1 2 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted April 18, 2019 Report Share Posted April 18, 2019 My opinion is the 250, 500, AND 1,000 Denomination Bicraqi Iraqi Dinar Notes WILL BE CIRCULATED MUCH MORE once the Bicraqi Iraqi Dinar ReInstates. Otherwise, CASH FLOW Problems!!! Go Moola Nova! 1 4 Quote Link to comment Share on other sites More sharing options...
Reaper Posted April 18, 2019 Report Share Posted April 18, 2019 Seems like the same old bs that comes out every now and then to keep our hopes up while they continue to steal from their people and delay another decade. 3 1 1 1 Quote Link to comment Share on other sites More sharing options...
Joe Sutherland Posted April 18, 2019 Report Share Posted April 18, 2019 How is one branch going to make much of an economic impact on the whole country of Iraqi? 3 Quote Link to comment Share on other sites More sharing options...
bostonangler Posted April 18, 2019 Report Share Posted April 18, 2019 As someone stated, this might represent dropping 2 zeros... That ain't half bad for a start. B/A 1 2 1 Quote Link to comment Share on other sites More sharing options...
Engine1 Posted April 18, 2019 Report Share Posted April 18, 2019 1 hour ago, Laid Back said: “The Central Bank of Iraq (CBE) launched a branch of the Basra branch on Thursday to develop a window from the issue division to provide small groups of 250, 500 and 1,000 dinars.“ Why 250, 500 and 1000? ...... Why not Lower denomination notes.? Just for the purpose of facilitating the deal between a single trader And the citizen. They can do that with lower denomination notes too. This is just my opinion like it or not.... This article make believe the CBI and the economy are not ready for lower denomination notes yet. Our wait continues. It could be that. Now we have 25 cents ( 250 ) 50 cents ( 500 ) and a buck (1000) 1 5 Quote Link to comment Share on other sites More sharing options...
cranman Posted April 18, 2019 Report Share Posted April 18, 2019 25 minutes ago, Engine1 said: It could be that. Now we have 25 cents ( 250 ) 50 cents ( 500 ) and a buck (1000) That's what I was thinking as well. 2 1 Quote Link to comment Share on other sites More sharing options...
Half Crazy Runner Posted April 18, 2019 Report Share Posted April 18, 2019 Central Bank Basra branch introduces a window to provide small cash categories I’m not sure why the bank would need a whole special window to provide folks with bills worth 20¢, 40¢ and 80¢ ... But I think it’s intriguing! 😁 1 1 4 Quote Link to comment Share on other sites More sharing options...
dinarham Posted April 18, 2019 Report Share Posted April 18, 2019 As an artist , I am an intuitive thinker , not schooled in finance or business . I;ve always felt that the rv would happen ,it had to . Fifteen years after investing, I still feel strongly that this rv will pop. To those who feel negatively about this , go away ,sell your dinar , and take your poopy thunder cloud with you . 1 2 4 7 Quote Link to comment Share on other sites More sharing options...
dinarin Posted April 18, 2019 Report Share Posted April 18, 2019 9 minutes ago, dinarham said: As an artist , I am an intuitive thinker , not schooled in finance or business . I;ve always felt that the rv would happen ,it had to . Fifteen years after investing, I still feel strongly that this rv will pop. To those who feel negatively about this , go away ,sell your dinar , and take your poopy thunder cloud with you . No wayyyy¡¡..I don't feel negative....I don't go away¡..I don't sell my beloved dinars...and yes sir...I take my poopy thunder¡¡¡ ...LOL ¡¡¡¡¡ Quote Link to comment Share on other sites More sharing options...
miquel Posted April 18, 2019 Report Share Posted April 18, 2019 13 minutes ago, dinarham said: As an artist , I am an intuitive thinker , not schooled in finance or business . I;ve always felt that the rv would happen ,it had to . Fifteen years after investing, I still feel strongly that this rv will pop. To those who feel negatively about this , go away ,sell your dinar , and take your poopy thunder cloud with you . Hear hear! I'm with you on this. What more, lately I've felt it's coming in like a train we've been waiting for forever to pull into the station. So what if it's a decade or so late??! 4 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted April 18, 2019 Report Share Posted April 18, 2019 2 hours ago, Desertmedic2009 said: As heart breaking as that sounds. You are correct! The lower the note the better for us.... if they are still using the same denoms then nothing is changing at the moment. I agree with your assessment my friend. Thanks for your input.! 2 hours ago, Engine1 said: It could be that. Now we have 25 cents ( 250 ) 50 cents ( 500 ) and a buck (1000) That could be a possibility my friend. I thought they will use coins of 25 cents and 50 cents, like we do here in the US Thanks for your input Engine1. Go RV sooner than later Go $1:1 3 1 1 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted April 18, 2019 Report Share Posted April 18, 2019 Why would someone stand in line for a quarter, unless there is a feeling that those 25, 500, and 1000 notes are about to be worth more. Lower notes will not appear until after the RV. 1 14 Quote Link to comment Share on other sites More sharing options...
cranman Posted April 18, 2019 Report Share Posted April 18, 2019 @dinarham Why do people always feel the need to tell others to go away because they simply say that this may not happen for awhile yet? Is it appropriate for me to say "please quit turning every article into a sign that it is inevitable that the R V will happen soon" ? Or how about I say "you're hopium that this is going to pop soon is annoying as you ,as well as others, have been wrong for the last few years and I'm tired of hearing it"? Look, most lopsters are in the lopster tank. The ones who say it may be awhile and are entitle to state their opinions JUST LIKE YOU. You can either suck it up and read their statements and move on, not read their statements or block them and never see their statements. You have choices. 1 2 1 2 1 Quote Link to comment Share on other sites More sharing options...
cranman Posted April 18, 2019 Report Share Posted April 18, 2019 (edited) @Botzwana Where has anyone said they would rather wait 5 more years? Saying it may be awhile is not a wish we want to come true by any means. If you're going to make snarky remarks you better come correct. Otherwise, IMO, you are just inviting/ inciting responses just so you can argue. Edited April 18, 2019 by cranman spelling 1 2 1 2 Quote Link to comment Share on other sites More sharing options...
KristiD Posted April 18, 2019 Report Share Posted April 18, 2019 (edited) I clicked on the original link and google translated it. It said the purpose of doing this is to "facilitate the sale and purchase between citizens and owners of shops". So, while the 250, 500 and 1000 dinar are worth only about $.22, $.45 and $.86 respectively, one can see that a shopkeeper would need to make change in those small amounts - just like shopkeepers all over the world need to make change in amounts under $1. BUT, the thing is (unless this has changed recently), I believe that inside of Iraq - they transact business in the USD and not the IQD because the dinar has so little value that they'd have to carry around too many IQD to regularly use it there. So the fact that the CBI feels it needs to start providing these smaller notes (or even coins, if that's the case - though the picture in the article looked to me like it might be a stack of 500 dinar notes), means that Iraq is going to de-dollarize. As long as I've been in this (since 2011), I've always heard that for Iraq to de-dollarize and get the people to use the IQD, they have to add value to it. If the CBI thinks shopkeepers are going to need these lower denoms soon, I think implies the RV is near. Thanks for sharing this PP! And just for fun, there's another thread where someone stated that 18 out of the 22 times that Iraq RVd their currency, it happened on April 30. I don't know how to verify that, but wouldn't that be nice!!! Edited April 18, 2019 by KristiD 1 6 6 Quote Link to comment Share on other sites More sharing options...
cranman Posted April 18, 2019 Report Share Posted April 18, 2019 1 minute ago, KristiD said: I clicked on the original link and google translated it. It said the purpose of doing this is to "facilitate the sale and purchase between citizens and owners of shops". So, while the 250, 500 and 1000 dinar are worth only about $.22, $.45 and $.86 respectively, one can see that a shopkeeper would need to make change in those small amounts - just like shopkeepers all over the world need to make change in amounts under $1. BUT, the thing is (unless this has changed recently), I believe that inside of Iraq - they transact business in the USD and not the IQD because the dinar has so little value that they'd have to carry around too many IQD to regularly use it there. So the fact that the CBI feels it needs to start providing these smaller notes (or even coins, if that's the case - though the picture in the article looked to me like it might be a stack of 500 dinar notes), means that Iraq is going to de-dollarize. As long as I've been in this (since 2011), I've always heard that for Iraq to de-dollarize and get the people to use the IQD, they have to add value to it. If the CBI thinks shopkeepers are going to need these lower denoms soon, I think implies the RV is near. Thanks for sharing this PP! And just for fun, there's another thread where someone stated that 18 out of the 22 times that Iraq RVd their currency, it happened on April 30. Wouldn't that be nice!!! Good theory as any! 1 2 Quote Link to comment Share on other sites More sharing options...
navira Posted April 18, 2019 Report Share Posted April 18, 2019 Kristi, fully agree on dedollarization. As for even lower denoms, they will be distributed as the market dictates supply n demand . Let's go april-may 1. Cheers all 2 3 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted April 18, 2019 Report Share Posted April 18, 2019 They just opened up a bank in Saudi Arabia.... nothing more to say cheers let’s go 2 5 Quote Link to comment Share on other sites More sharing options...
navira Posted April 18, 2019 Report Share Posted April 18, 2019 Bro, with all the excitement specially this article, just had to pop one bottle of champagne. Can't help it bro, haha 1 4 2 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted April 18, 2019 Report Share Posted April 18, 2019 (edited) for a good reason bro... why wouldn’t anyone pop the champagne right now? If you haven’t noticed Iraq is setting themselves up for a big breakthrough... look at all the trade deals and agreements Iraq is signing up... momentum is building between the Kurds and Baghdad... naysayers can say what they want ... Iraq is moving let’s go IQD Edited April 18, 2019 by 6ly410 2 3 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted April 18, 2019 Report Share Posted April 18, 2019 (edited) first bank outside of Iraq.... 2020? Lol imo cheers Edited April 18, 2019 by 6ly410 1 3 Quote Link to comment Share on other sites More sharing options...
keylime Posted April 18, 2019 Report Share Posted April 18, 2019 "The Central Bank of Iraq (CBE) launched a branch of the Basra branch on Thursday to develop a window from the issue division to provide small groups of 250, 500 and 1,000 dinars.“ So it could be said, this might be our "open window" to RV! 3 4 Quote Link to comment Share on other sites More sharing options...
Woldopep Posted April 18, 2019 Report Share Posted April 18, 2019 Just a Big “ nothing burger”. Imo 2 2 3 Quote Link to comment Share on other sites More sharing options...
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