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 July 25, 2019
Announcement of Auction Results (ICD405) for the sale of Islamic certificates of deposit

 



The central bank announced on 22 / 7 / 2019 auction certificates of deposit Islamic ICD405 amounting to 50 billion dinars for (91) days have been sold (5) billion dinars for one bank at a rate of return ( 1.50% ).

file-15640407492953.jpg

 

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The Central Bank of Iraq on the criteria that are relied on in the rejection of banknotes of the dollar and euro in the process of counting and sorting.

The bank pointed out that the most important criteria are: - 

1 - if it was cut in one corner or was oppressed or lost any part of the paper area. 

2 - If it has been torn and repaired with a transparent adhesive tape from any side. 

3 - If it contains a seal of large size or several small seals to affect their features.


4- If the effects of trading and use appear to be "smug" in order to affect their form or features. 

5- If strange substances have been caught and have affected their features such as inks, dyes, glues, crushed, cooked, processed, fat or oils. 

6 - if stored in the conditions of storage is incorrect, which leads to break or smell of mold. 

The Central Bank of Iraq was established as an independent bank under its law of March 6, 2004 as an independent body responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks and 16 Islamic banks, as well as 19 foreign banks. 6 financial institutions and 31 financial transfer companies
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9 minutes ago, yota691 said:
2,053 views
 

The Central Bank of Iraq on the criteria that are relied on in the rejection of banknotes of the dollar and euro in the process of counting and sorting.

The bank pointed out that the most important criteria are: - 

1 - if it was cut in one corner or was oppressed or lost any part of the paper area. 

2 - If it has been torn and repaired with a transparent adhesive tape from any side. 

3 - If it contains a seal of large size or several small seals to affect their features.


4- If the effects of trading and use appear to be "smug" in order to affect their form or features. 

5- If strange substances have been caught and have affected their features such as inks, dyes, glues, crushed, cooked, processed, fat or oils. 

6 - if stored in the conditions of storage is incorrect, which leads to break or smell of mold. 

The Central Bank of Iraq was established as an independent bank under its law of March 6, 2004 as an independent body responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks and 16 Islamic banks, as well as 19 foreign banks. 6 financial institutions and 31 financial transfer companies

 

GM, Master Poster. 👍🏻

It looks like the CBI is about ready to suck the dollar off the streets and add a huge amount of foreign currency to their reserve. 

Thanks!

 

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1 minute ago, gregp said:

 

GM, Master Poster. 👍🏻

It looks like the CBI is about ready to suck the dollar off the streets and add a huge amount of foreign currency to their reserve. 

Thanks!

 

Sure sounds that way. If it is damaged in any way we do not want it.  Pretty big statement by the CBI. 

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3 hours ago, ChuckFinley said:

Man, reading that I am glad all my dinar are uncirculated.  

Mine r uncirculated too ..sometimes i take a few of them..i love  that special crispy feel on my fingers...i open wide my eyes and my dreams go beyond of this world¡¡¡ heck¡ ¡¡..feeling happy for a moments doesnt hurt..he he ¡  ...happy sunday everybody dv .. ;)

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 Interesting, so just why are they doing this ? Sorry if already posted.

 

  pp

 

 

2019-07-28 06:05

CBI sets the criteria for the rejection of banknotes of the dollar and the euro

The Central Bank of Iraq on the criteria that are relied on in the rejection of banknotes of the dollar and euro in the process of counting and sorting.
The bank pointed out that the most important criteria are:

1 - If it was cut in one of its corners or was oppressed or lost any part of the paper area.

2 - If it has been torn and repaired with a transparent adhesive tape from any side.

3 - If it contains a seal of large size or several small seals to affect their features.

4- If the effects of trading and use appear to be "smug" in order to affect their form or features.

5- If strange substances have been caught and have affected their features such as inks, dyes, glues, crushed, cooked, processed, fat or oils.

6 - if stored in the conditions of storage is incorrect, which leads to break or smell of mold.

The Central Bank of Iraq was established as an independent bank under its law of March 6, 2004 as an independent body responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks and 16 Islamic banks, as well as 19 foreign banks. 6 financial institutions and 31 financial transfer companies




https://www.alsumaria.tv/news/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF/313121/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D9%8A%D8%AD%D8%AF%D8%AF-%D9%85%D8%B9%D8%A7%D9%8A%D9%8A%D8%B1-%D8%B1%D9%81%D8%B6-%D8%A7%D9%84%D8%A7%D9%88%D8%B1%D8%A7%D9%82-%D8%A7%D9%84%D9%86%D9%82%D8%AF%D9%8A%D8%A9-%D9%85%D9%86?src=rss&utm_campaign=rss&utm_source=Rss-articles&utm_term=Rss&utm_medium=Rss-313121
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3 minutes ago, ChuckFinley said:

Sounds like they are prepping / educating the public that unless your USD or Euro is squeaky clean we are not taking it. 

Morning Chuck and pp and everyone,sounds like there getting ready for the big dance and getting all there ducks 🦆 🦆 🦆 in a row. It’s a beautiful day here in New England and a beautiful day here @dinarvets 💰😀

4C9F6D71-9451-4DE9-9B8A-12EEEF883B7A.jpeg

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When the rate change does occur people are going to try and exchange any bill they have in any condition just to get that gain. Better to tell them now that damaged bills will not be accepted.  But rest assured there will still be those people that bring all the damaged notes they have in hopes they will be accepted.  This is a good sign.

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13 minutes ago, cranman said:

When the rate change does occur people are going to try and exchange any bill they have in any condition just to get that gain. Better to tell them now that damaged bills will not be accepted.  But rest assured there will still be those people that bring all the damaged notes they have in hopes they will be accepted.  This is a good sign.

For sure, not to sound to over optimistic but it is sounding really good.

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1 hour ago, "Fred" said:

Morning Chuck and pp and everyone,sounds like there getting ready for the big dance and getting all there ducks 🦆 🦆 🦆 in a row. It’s a beautiful day here in New England and a beautiful day here @dinarvets 💰😀

4C9F6D71-9451-4DE9-9B8A-12EEEF883B7A.jpeg

 

Top of the morning to you as well fred. Looks like a beautiful location were you are at.

 

  Cheers, pp

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