Mary B Posted September 23, 2019 Report Share Posted September 23, 2019 The central bank issues a decision to cover the market need of small monetary categories Economie 2019-09-23 | 3 o'clock 8,051 views The Central Bank of Iraq, on Monday, to cancel the fine shortage of deposits of small categories of banks, attributing the decision to cover the market need of new notes for small cash groups. The bank said in a statement received by Alsumaria News, a copy of it, that "in order to cover the market need of new paper for small cash categories" 250, 500, 1000 "it was decided to cancel the fine shortage that may appear in the deposits of banks approved by small cash categories for a limited period," Indicating that "that comes to achieve the desired purpose of withdrawing the damaged cash currency in circulation." He added that "the counting and sorting of banknotes damaged for these categories require time and effort from the competent staff for the difficulty of counting in the counting machines." It is noteworthy that the Central Bank of Iraq during the last period pumped large quantities of small groups after these categories have been damaged, which the citizen found it difficult to circulate. https://www.alsumaria.tv/news/اقتصاد/319277/البنك-المركزي-يصدر-قرارا-لتغطية-حاجة-السوق-من-الفئ 4 12 Quote Link to comment Share on other sites More sharing options...
jeepguy Posted September 23, 2019 Report Share Posted September 23, 2019 Thanks Mary B , give this topic 3 days for the interpretation of " fine shortages " But how will they round up the numbers ? That is what everyone is waiting for... 2 3 Quote Link to comment Share on other sites More sharing options...
Gunnytex Posted September 23, 2019 Report Share Posted September 23, 2019 Nothing but Good 1 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted September 23, 2019 Report Share Posted September 23, 2019 The Central Bank eliminates the fine shortage of deposits of small categories of banks September 23, 2019 In its endeavor to cover the market need of new banknotes for small cash categories (250, 500, 1000), the Central Bank of Iraq decided to cancel the fine that may appear in the deposits of banks licensed by this bank of small cash categories and for a limited period, in order to achieve the desired purpose of withdrawing the currency Damaged in circulation The bank would also like to show that the counting of banknotes damaged for these categories requires time and effort from the competent staff for the difficulty of counting in the counting machines. Central Bank of Iraq information Office 2019/9/23 1 1 10 Quote Link to comment Share on other sites More sharing options...
yota691 Posted September 23, 2019 Report Share Posted September 23, 2019 Central Bank: cancellation of the fine shortage of deposits of small categories of banks Economy | 11:35 - 23/09/2019 BAGHDAD - Mawazine News The Central Bank of Iraq decided on Monday to cancel the fine shortage of deposits of small categories of banks, attributing the decision to cover the market need of new paper for small cash groups. "In order to cover the market need of new banknotes for small cash denominations" 250, 500 and 1000, it was decided to cancel the shortage that may appear in bank deposits of small cash denominations for a limited period, the bank said in a statement received. "He pointed out that" it comes to achieve the desired goal of withdrawing the damaged cash currency in circulation. " He added that "the counting and sorting of banknotes damaged for these categories require time and effort from the competent staff because it is difficult to count them in the counting machines." 10 Quote Link to comment Share on other sites More sharing options...
yota691 Posted September 23, 2019 Report Share Posted September 23, 2019 The central bank issues a decision to cover the market need of small monetary categories Banks Economy News _ Baghdad The Central Bank of Iraq, on Monday, to cancel the fine shortage of deposits of small categories of banks, attributing the decision to cover the market need of new notes for small cash groups. "In order to cover the market need of new banknotes for small cash denominations" 250, 500 and 1000, "it was decided to cancel the shortage that may appear in bank deposits of small cash denominations for a limited period," the bank said in a statement received by the Economy News. , Indicating that "it comes to achieve the desired goal of withdrawing the damaged cash currency in circulation." He added that "the counting and sorting of banknotes damaged for these categories require time and effort from the competent staff for the difficulty of counting in the counting machines." Views: 54 Date Added: 23/09/2019 1 12 Quote Link to comment Share on other sites More sharing options...
gregp Posted September 23, 2019 Report Share Posted September 23, 2019 A dime? 1 5 Quote Link to comment Share on other sites More sharing options...
yota691 Posted September 23, 2019 Report Share Posted September 23, 2019 The Central Bank eliminates the fine shortage of deposits of small categories of banks Release date:: 9/29/23 11:46 • 280 read times BAGHDAD: The Central Bank of Iraq decided on Monday to cancel the fine shortage of deposits of small categories of banks, attributing the decision to cover the market need of new paper for small cash groups. "In order to cover the market need of the new banknotes for small cash denominations" 250, 500 and 1000, "it was decided to cancel the shortage that may appear in bank deposits of small cash denominations for a limited period," the bank said in a statement received by Al Furat News. , Indicating that "it comes to achieve the desired goal of withdrawing the damaged cash currency in circulation." He added that "the counting and sorting of banknotes damaged for these categories require time and effort from the competent staff because of the difficulty of counting in the counting machines." 1 9 Quote Link to comment Share on other sites More sharing options...
DWS112 Posted September 23, 2019 Report Share Posted September 23, 2019 6 minutes ago, yota691 said: fine I think the individual banks could be fined or penalized because of a lack of replacement notes, but that penalty has been canceled, since new notes are on the way? 1 3 6 Quote Link to comment Share on other sites More sharing options...
danielchu Posted September 23, 2019 Report Share Posted September 23, 2019 250 500 1000 nice small notes! 6 Quote Link to comment Share on other sites More sharing options...
keylime Posted September 23, 2019 Report Share Posted September 23, 2019 1 hour ago, danielchu said: 250 500 1000 nice small notes! 1, 5 ,10, 20 and 50 are much nicer 4 1 5 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted September 23, 2019 Report Share Posted September 23, 2019 Maybe like gregp said, a $0.10 RV and the 250, 500 and 100 notes are going to coexist with LD notes for a period of two years. Go RVasap Go Go Go 4 5 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted September 24, 2019 Report Share Posted September 24, 2019 If it comes out at $0.10 and it is not a peg , I see the dinar moving up relatively fast. Investors will be moving in causing a demand, followed by the local population. Locals will be picking up about 10 dinar for one USD. This will help dedollorize Iraq. 1 10 Quote Link to comment Share on other sites More sharing options...
psdon Posted September 24, 2019 Report Share Posted September 24, 2019 i love it 1 Quote Link to comment Share on other sites More sharing options...
dinarham Posted September 24, 2019 Report Share Posted September 24, 2019 I would imadine that replacing damaged currency is common policy . So what are they making such a big nondeal about it ? 1 Quote Link to comment Share on other sites More sharing options...
danielchu Posted September 24, 2019 Report Share Posted September 24, 2019 SO they take away 3.22$ and give a dime? LOL 2 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted September 24, 2019 Report Share Posted September 24, 2019 14 hours ago, Laid Back said: Maybe like gregp said, a $0.10 RV and the 250, 500 and 100 notes are going to coexist with LD notes for a period of two years. Go RVasap Go Go Go 13 hours ago, ChuckFinley said: If it comes out at $0.10 and it is not a peg , I see the dinar moving up relatively fast. Investors will be moving in causing a demand, followed by the local population. Locals will be picking up about 10 dinar for one USD. This will help dedollorize Iraq. I think once this hits, things will move much faster than people think. Even at a dime they will be forced to issue the smaller notes and coin in order to make change and do business. 1 3 Quote Link to comment Share on other sites More sharing options...
Big_J Posted September 24, 2019 Report Share Posted September 24, 2019 GM Mary B, YOTA AND DV. 2 Quote Link to comment Share on other sites More sharing options...
Desertmedic2009 Posted September 24, 2019 Report Share Posted September 24, 2019 14 hours ago, ChuckFinley said: If it comes out at $0.10 and it is not a peg , I see the dinar moving up relatively fast. Investors will be moving in causing a demand, followed by the local population. Locals will be picking up about 10 dinar for one USD. This will help dedollorize Iraq. “If” key word!! Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted September 24, 2019 Report Share Posted September 24, 2019 5 minutes ago, Desertmedic2009 said: “If” key word!! Your right there, could be higher. Bring positive, because it is coming. 2 1 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted September 24, 2019 Report Share Posted September 24, 2019 If ever someone could WIll an RV it is you Chuck. I could feel your positive vibe while I was trading and had to take a look at the Dinar board. Keep thinking positive Chuck, may the Force be with you. 3 1 1 3 Quote Link to comment Share on other sites More sharing options...
Artitech Posted September 24, 2019 Report Share Posted September 24, 2019 If mighty big word to be so small!!! 🤠 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted September 24, 2019 Report Share Posted September 24, 2019 1 hour ago, Pitcher said: If ever someone could WIll an RV it is you Chuck. I could feel your positive vibe while I was trading and had to take a look at the Dinar board. Keep thinking positive Chuck, may the Force be with you. Thanks Pitcher an you are right, we will not be denied. The Force is strong among us. 2 3 Quote Link to comment Share on other sites More sharing options...
Half Crazy Runner Posted September 24, 2019 Report Share Posted September 24, 2019 On 9/23/2019 at 4:27 AM, Mary B said: the market need of small monetary categories So, they’re saying there is a “market need” for paper notes worth .20¢, .40¢ and .80¢... It has to cost more to print the new money than what the value would be. They have to be raising the value, right? 2 1 2 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted September 24, 2019 Report Share Posted September 24, 2019 May the Force Be With You. Blast from the past!!! 1 2 Quote Link to comment Share on other sites More sharing options...
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