CBI News 05/22/2019

[yota691]

Provide banks with small categories

 

  

 May 22, 2019

 

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The Central Bank of Iraq would like to inform all banks that it is continuing to provide them with small groups of the Iraqi currency by withdrawing the amounts from the current balances with this bank.

He explains that if there is an inquiry or notes, banks can contact the Compliance Department in the Issuance and Treasury Department of this bank and by email ( followup.iss@cbiraq.info )

22 May 2019

[yota691]

Announcement of Auction Results (ICD603) (for the sale of Islamic certificates of deposit)

 

  

 May 22, 2019

 

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The Central Bank approved on 20/20/2019 the auction of ICD603 for the sale of certificates of Islamic deposit for a period of (182) days and the amount of (100) billion dinars (100 billion dinars) and were sold certificates of (20) billion dinars at a uniform rate and the highest rate of return (2%), , And the number of participants (1) bank has won the amount provided.

[yota691]

Instructions and criteria for circulation and replacement of banknotes and counting mechanisms

 

  

 May 22, 2019

To / all banks approved ( instructions and standards for the circulation and replacement of banknotes and counting mechanisms )

Due to non-compliance with the instructions and standards of circulation of banknotes and replace them and the counting and sorting mechanisms, we confirm what came in the letter of the Department of Issuance and Treasury / Department of Banking Follow-up and Compliance / Banking Follow-up Division No. 1470/8/12 dated 2018/4/10, Your banks through the above-mentioned inspection and inspection bodies.

[yota691]

The Central Bank sells the canceled banknotes bearing the issuance of 1979-1986

Economie

2019-05-22 04:53

 

 

Source:

Alsumaria News

 

1,959 views

The Central Bank of Iraq announced on Wednesday the sale of international banknotes canceled for previous years to amateurs and related associations.

The following are the banknotes canceled for the years 1979-1986, which are sold to amateurs at prices ranging from $ 2 to $ 15 and according to the category of cash each, which included a quarter of dinars and half dinar and dinar, 5 dinars, 10 dinars and 25 dinars. .

 

 

 

 

 

 

[tigergorzow]

Yota Thanks,  Come on CBI bring on the LD's and most importantly an increase in the IQD  RV / RI style.

 

GO CBI 

 

 

[jg1]

Small denoms! 50 dinar note. Wouldn't that make it about 3 cents. Why not a coin. Expensive. Im sure it costs more to print than the value. 

[Donziman]

Soo  Why would anybody want notes that have been cancelled ? Seems to

me it would be like buying Confederate money  lol

[Desertmedic2009]

1 hour ago, jg1 said:

Small denoms! 50 dinar note. Wouldn't that make it about 3 cents. Why not a coin. Expensive. Im sure it costs more to print than the value. 

Didn’t they cancel the 50 Dinar note?

[jg1]

1 minute ago, Desertmedic2009 said:

Didn’t they cancel the 50 Dinar note?

Believe that was because there was no security features included. Why would you need it for 3 cents?

When it does not make since then someone is hiding something.

[Desertmedic2009]

Just now, jg1 said:

Believe that was because there was no security features included. Why would you need it for 3 cents?

When it does not make since then someone is hiding something.

Agreed 

[pokerplayer]

Sorry if already posted

 

   pp

 

To / all banks approved (instructions and standards for the circulation and replacement of banknotes and counting mechanisms)

 

Due to non-compliance with the instructions and standards of circulation of banknotes and replace them and the counting and sorting mechanisms, we confirm what came in the letter of the Department of Issuance and Treasury / Department of Banking Follow-up and Compliance / Banking Follow-up Division No. 1470/8/12 dated 2018/4/10, Your banks through the above-mentioned inspection and inspection bodies.




https://cbi.iq/news/view/1110

 

 

Provide banks with small categories

 

May 22, 2019


     The Central Bank of Iraq would like to inform all banks that it is continuing to provide them with small groups of the Iraqi currency by withdrawing the amounts from the current balances with this bank.

     He explains that if there is an inquiry or notes, banks can contact the Compliance Department in the Issuance and Treasury Department of this bank and by email (followup.iss@cbiraq.info)

     22 May2019




https://cbi.iq/news/view/1111

Edited May 22, 2019 by pokerplayer

[Synopsis]

21 minutes ago, Desertmedic2009 said:

Didn’t they cancel the 50 Dinar note?

 

 YES!!! They Did, DesertMedic2009, AND The Very Best Of The Rest Of Your Week To You AND Up Coming Weekend!!! 

 

Probably a file photo. Here is a link to the Bicraqi Iraqi CBI page noting the 50 Bicraqi Iraqi Dinar removed from circulation:

 

https://cbi.iq/page/89

 

Circulated Banknotes: In 2013 the Central Bank of Iraq has upgraded the circulated banknotes the series of 2003 which included graphic design and technical characters apart from the denomination of (50) dinar which has been withdrawn from circulation since 1st May 2015.The two series will remain legal tender alongside in circulation until the old are naturally worn out. In December 2015 Central Bank of Iraq has put into circulation the new issuance of 50000 dinar to accomplish the series of 2013.

 

HEY EVERYBODAE"!!!

 

I JUST got an email notification THIS MORNING, May 22, 2019, A MAJOR Bicraqi Iraqi Dinar INTERNET VENDOR COMBINED WITH ANOTHER MAJOR Bicraqi Iraqi Dinar INTERNED VENDOR. Due to Forum Rules () I CAN NOT mention WHO the Internet Vendors ARE but pretty sure ONE of THEM is (OR HAS BEEN) in the pre AND post DinarVets login advertising!!!       

 

SAME THING happened with ANOTHER MAJOR Bicraqi Iraqi Dinar Vendor on February 1, 2019 merging into the SAME Bicraqi Iraqi Dinar Vendor!!!

 

Could be somethin'. Could be nothin'.

 

Maybe BABY SOMETHIN', THOUGH!!!

 

Go Moola Nova!

[Floridian]

7 hours ago, Synopsis said:

 

 YES!!! They Did, DesertMedic2009, AND The Very Best Of The Rest Of Your Week To You AND Up Coming Weekend!!! 

 

Probably a file photo. Here is a link to the Bicraqi Iraqi CBI page noting the 50 Bicraqi Iraqi Dinar removed from circulation:

 

https://cbi.iq/page/89

 

Circulated Banknotes: In 2013 the Central Bank of Iraq has upgraded the circulated banknotes the series of 2003 which included graphic design and technical characters apart from the denomination of (50) dinar which has been withdrawn from circulation since 1st May 2015.The two series will remain legal tender alongside in circulation until the old are naturally worn out. In December 2015 Central Bank of Iraq has put into circulation the new issuance of 50000 dinar to accomplish the series of 2013.

 

HEY EVERYBODAE"!!!

 

I JUST got an email notification THIS MORNING, May 22, 2019, A MAJOR Bicraqi Iraqi Dinar INTERNET VENDOR COMBINED WITH ANOTHER MAJOR Bicraqi Iraqi Dinar INTERNED VENDOR. Due to Forum Rules () I CAN NOT mention WHO the Internet Vendors ARE but pretty sure ONE of THEM is (OR HAS BEEN) in the pre AND post DinarVets login advertising!!!       

 

SAME THING happened with ANOTHER MAJOR Bicraqi Iraqi Dinar Vendor on February 1, 2019 merging into the SAME Bicraqi Iraqi Dinar Vendor!!!

 

Could be somethin'. Could be nothin'.

 

Maybe BABY SOMETHIN', THOUGH!!!

 

Go Moola Nova!

 

This is the first I'm hearing of this, but my thought is that maybe dinar buying has dried up and the dealers are having a hard time staying in business, so they have to merge.

[alreis]

These are global currency vendors, IQD was only one of many currencies they both sold.

[Laid Back]

“The Central Bank of Iraq would like to inform all banks that it is continuing to provide them with small groups of the Iraqi currency by withdrawing the amounts from the current balances with this bank.”

 

They are talking about 250, 500 and 1000 notes.

[Gunnytex]

Is there a link directly to CBI article on currency?    I see the one for auction results.    Thx Yota 

[DoD]

1 hour ago, Laid Back said:

“The Central Bank of Iraq would like to inform all banks that it is continuing to provide them with small groups of the Iraqi currency by withdrawing the amounts from the current balances with this bank.”

 

They are talking about 250, 500 and 1000 notes.

LB, have you noticed the highest denomination note they have been issuing out? Even a few months ago when they were replenishing the smaller notes the 1000 was the highest. It appears to me they are not putting anymore 5000,10,000 or 25,000 notes back on the street. 

Im thinking the CBI only wants the slaves to have a 1000 note an below on the streets. 

Could it be the CBI have pulled in enough of the 5000, 10,000 an 25,000 notes to satisfy their coal before they start the deletion of the zero project. Could be....

[Laid Back]

6 minutes ago, DoD said:

LB, have you noticed the highest denomination note they have been issuing out? Even a few months ago when they were replenishing the smaller notes the 1000 was the highest. It appears to me they are not putting anymore 5000,10,000 or 25,000 notes back on the street. 

Im thinking the CBI only wants the slaves to have a 1000 note an below on the streets. 

Could it be the CBI have pulled in enough of the 5000, 10,000 an 25,000 notes to satisfy their coal before they start the deletion of the zero project. Could be....

Thanks for your input my friend DoD,

I remember the CBI plan was to reduce to note count from 4 billion notes to 

1 billion notes. Couple of years ago the issued out 50,000 notes, I don’t know

how many notes. They also issued out 250, 500 and 1000 notes, to make change in the local market because the old ones were damaged.

I have seen many articles talking about liquidity problems in the local market, I

believe is because the CBI is closed to the 1 billion notes goal, in preparation to

the delete of the 000 project.

Also financial inclusion has increased from 11% to 23% meaning more people 

using digital money.

[nannab]

Thank you Laid Back 

[Laid Back]

3 minutes ago, nannab said:

Thank you Laid Back 

You’re welcome nannab👍🏼😉