Jump to content

Recommended Posts

1 minute ago, DoD said:

I'm liking this article from the CBI because it's another educational piece that the average Iraqi needs to know. Why would the average Iraqi turn in his dollar or Euro for a Dinar that's way less in value.

Trying to keep my hopium to a low level but this article is very telling on what's coming, just don't know when...

Exactly, it is prepping / Educating the citizens on what to expect,

  • Thanks 1

Share this post


Link to post
Share on other sites

Am I missing something -- it's not the Dinar that needs to be uncirculated but the Dollar or Euro that they are turning in

 

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.

Share this post


Link to post
Share on other sites
4 minutes ago, RV-2-Day said:

Am I missing something -- it's not the Dinar that needs to be uncirculated but the Dollar or Euro that they are turning in

 

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.

You are correct. It has nothing to do with us. The CBI was just stating the condition that the USD and EURO need to be in, in order to be accepted by the bank. The demands made by the bank makes it so challenging that the note almost have to be uncirculated to pass the turn in test.  Here are the criteria for turn in. 

 

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. 

 

  • Thanks 1
  • Upvote 2

Share this post


Link to post
Share on other sites

I agree with whom ever said it that this is Big.  It sets the stage for a potential RV of at least 1:1 otherwise why would an Iraq citizen turn it in (other than being compelled).  Obviously they are not going to give an RV date but did anyone decipher a timeframe implied by this statement?

  • Like 3
  • Upvote 4

Share this post


Link to post
Share on other sites

I can’t imagine that they would educate about this very far in advance. It’s a non issue until they start de-dollarizing. 

Edited by Catluver67
  • Like 2
  • Thanks 2
  • Upvote 3

Share this post


Link to post
Share on other sites
1 hour ago, jg1 said:

When the RV happens, I know what I want to do first thing. Go to Mexico and have my mother-in-law get a good doctor. In Mexico there are not a lot of options and when they amputated her toes for the second time I found out that they did not stitch them up afterwards and they went gangrene and septic now they have to take her whole leg off. I just talked with her and she is in severe pain and I'm thinking if they could not amputate a toe correctly what's going to happen when they amputate her leg tomorrow. I hope I can help a lot of people. 

OMG jg1. Praying for your mother in law. Especially for her surgery tomorrow! WH

  • Like 2
  • Thanks 1
  • Upvote 2

Share this post


Link to post
Share on other sites
2 hours ago, Laid Back said:

Exciting times my friend ChuckF,

Go $1:1 or more

- easiest way to De-Dollarize  the country 

- easiest transition to the Iraqi citizens 

- real purchasing power

 

@DIAMOND thanks for your input.

Yep the only reason why you would give up the dollar or Euro is because the dinar is with more period! Dinar has to be valued over $1.00 or there is no reason for them to give them up period!!

  • Thanks 7

Share this post


Link to post
Share on other sites
1 hour ago, wealthhound said:

OMG jg1. Praying for your mother in law. Especially for her surgery tomorrow! WH

Thanks you guys. 

  • Like 1
  • Upvote 3

Share this post


Link to post
Share on other sites
51 minutes ago, Dinarrock said:

Yep the only reason why you would give up the dollar or Euro is because the dinar is with more period! Dinar has to be valued over $1.00 or there is no reason for them to give them up period!!

Thanks for your input Dinarrock,

There’s Another possibility, a $0.10 rate like Adam said and the CBI can declare the 

use of the dollar and euro illegal in the local market.

 

I’m a believer of $1:1 or more.

 

Go RV asap.

  • Upvote 7

Share this post


Link to post
Share on other sites

  I have said many times that the dinar ,so finely printed ,the gold treads ,  on paper so  good it would be hard  to duplicate , the anagrams , the oxblood used for the red {hence the weird smell } . Look at the 25k note under a black light and it will reveal details that will amaze you   They are "uncounterfietable"  ,you would have to be a real idiot to not just buy the real note ,so so so much cheaper ,and legal too ! The security features of coarse diminish with the value of the note . Also ,here in Mexico ,both peso and usd are accepted readily .

  • Upvote 3

Share this post


Link to post
Share on other sites

Then again maybe the CBI is planning to reject half of the bills (but keep them and turn over to US & Europe) thereby with a 1:1 RV it will only cost them $.50 

Share this post


Link to post
Share on other sites
%D8%A7%D9%84%D8%A8%D9%86%D9%83-%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.png
The Central Bank sets the criteria for the rejection of banknotes of the dollar and euro


 

July 28, 2019 - 3:40 PM 
Number of readings: 19 ━ Section: Business
 

Baghdad / step Press

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.

  • Upvote 3

Share this post


Link to post
Share on other sites

Well, I’ll just say that I recently had a clear dream that God (by some believer), handed me 22 million USD at a church service - and I am currently holding 20 million dinar.

  • Like 4
  • Thanks 2
  • Upvote 4

Share this post


Link to post
Share on other sites

Iraqi dinar completes the shortage of the US dollar


18 July 2019

Iraqi dinar completes the shortage of the US dollar

 

 

 

In a strange and funny paradox, a person in Basra tinkered with a US $ 100 banknote with a portion of an Iraqi banknote denominated in 250 dinars and pasted into the market.

Despite the difference in monetary value between the two currencies, but the similarity and convergence in colors led the man to this "unique trick," according to Al-Murabd, a seller who received from one of his customers this currency, which he said is not known by scrutiny.

He also says he returned the paper to the owner and refused to deal with it and asked him to keep it as a sign of peace and financial cooperation between the two currencies, he said.

  • Thanks 2
  • Upvote 5

Share this post


Link to post
Share on other sites

Thank You Yota . GA DV's ......Iraqi banknote denominated in 250 dinars ...but the similarity and convergence in colors....received from one of his customers this currency.....which he said is not known by scrutiny........

  • Upvote 4

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.



×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.