Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

The central bank denies trading in the category of (million) dollars


Mary B
 Share

Recommended Posts

The central bank denies trading in the category of (million) dollars

Economy | 12:57 - 05/02/2020

 
image
 

 

BAGHDAD - Mawazine News,
The central bank denied, on Wednesday, the circulation of the category (one million) US dollars, used for fraud and defrauding citizens.
A statement issued by the bank, Mawazine News, received a copy of it, "Recently, more than one million dollars worth of memorial papers used to defraud and defraud citizens have increased, which is a memorial paper not traded in the global money markets issued by the American Millionaires Association."
He added, "This banknote is not considered cash because it is not issued by the US Federal Bank and does not represent any financial bond, and it is used for gifting purposes only, and that the highest category of trading in US dollars is a category (100) dollars."
He pointed out that "he calls on the citizens not to deal with such a paper as it calls on the security and supervisory authorities to prosecute those who ask him to circulate the aforementioned category and inform this bank to take legal measures against him."

 

https://www.mawazin.net/Details.aspx?jimare=84936

  • Like 3
  • Thanks 3
  • Upvote 1
Link to comment
Share on other sites

The central bank denies trading in the "million" dollar category, as it is a non-cash note

Economie

2020-02-05 | 05:47

The central bank denies trading in the "million" dollar category, as it is a non-cash note

 

 

2,389 views

The Central Bank of Iraq denied, today, Wednesday, the circulation of the category "million" dollars, being a "non-cash" paper, calling on citizens not to deal with it?


The bank said in a statement seen by Alsumaria News, "It has increased in recent times to promote memorial papers of the category of one million US dollars that are used for fraud and defrauding citizens."

He explained that it is "a memorial paper not traded in the global money markets issued by the American Millionaires Association," noting that "this paper is not considered cash because it is not issued by the American Federal Bank and does not represent any financial bond, and is used for gifting purposes only, and that the highest category of trading in dollars American is a $ 100 class. "

https://www.alsumaria.tv/news/اقتصاد/333589/البنك-المركزي-ينفي-تداول-فئة-المليون-دولار-كونها-و

  • Thanks 3
  • Haha 1
Link to comment
Share on other sites

The central bank denies trading in the million dollar category, as it is a non-cash note

 

 

The central bank denies trading in the million dollar category, as it is a non-cash note

 

It has increased in recent times to promote memorial papers in the category of one million dollars that are used to defraud and defraud citizens, and it is a memorial paper not traded in the global money markets issued by the American Millionaires Association. And, it is used for gifting purposes only, and the highest trading category for the US dollar is the $ 100 category.

 

Therefore, the Central Bank of Iraq calls on the honorable citizens not to deal with such a paper, as it calls on the security and supervisory authorities to prosecute those who ask themselves to trade the aforementioned category and inform this bank to take legal measures against it.

 

The Central Bank of Iraq

information Office

February 5 , 2020

 

file-158089921322067.jpgfile-158089916017279.jpg

 

https://cbi.iq/news/view/1412

Edited by Butifldrm
  • Like 3
  • Thanks 1
  • Upvote 1
Link to comment
Share on other sites

Currency is a contract  with the country who issued it ,and technically you own a share of that country . The idea of a $1,00,000 000 .]note is not that bizzare . It would have security features that it would be impossibe to counterfeit . How are millions transferred normally ?

  • Confused 1
  • Downvote 1
Link to comment
Share on other sites

25 minutes ago, dinarham said:

Currency is a contract  with the country who issued it ,and technically you own a share of that country . The idea of a $1,00,000 000 .]note is not that bizzare . It would have security features that it would be impossibe to counterfeit . How are millions transferred normally ?

Um.....electronically....

  • Upvote 2
Link to comment
Share on other sites

1 hour ago, dinarham said:

Currency is a contract  with the country who issued it ,and technically you own a share of that country . The idea of a $1,00,000 000 .]note is not that bizzare . It would have security features that it would be impossibe to counterfeit . How are millions transferred normally ?

Only one problem with your theory. The Federal Reserve is NOT owned by the USA.

  • Like 1
  • Thanks 1
  • Upvote 1
Link to comment
Share on other sites

10 hours ago, tn vol said:

I recently saw my first $1,000.00 dollar bill with Grover Cleveland on the bill. If I can get someone to show me how to get it from phone to dinarvets, I'll share it.

I've seen them several times.  I had a customer show me one when I told him Grover Cleveland was my Great great Uncle. My Great Grandmother's Uncle. Her maiden name was Marion Cleveland. One day I will buy one and frame it like a family portrait.  

  • Like 3
  • Thanks 1
  • Upvote 2
Link to comment
Share on other sites

10 hours ago, tn vol said:

I recently saw my first $1,000.00 dollar bill with Grover Cleveland on the bill. If I can get someone to show me how to get it from phone to dinarvets, I'll share it.

 

Here is some related information with the pictures of the notes:

 

6 Famous Discontinued and Uncommon U.S. Currency Denominations

The Rarest of Bills

A completely cashless society sounds clean and convenient, and although we've made huge strides, we're not quite there yet. Despite the magic of PayPal, Square, credit cards, and mobile wallets, some of us need to carry around a handful of greenbacks. While we can choose from a rich array of singles, fins, sawbucks, Jacksons, $50s, and Benjamins, there are several other denominations that the U.S. Treasury has discontinued—or that are just plain rare. Here are the most notable ones.

 

$2 Bill

$2 bill
Public Domain

The $2 bill originally featured a portrait of Alexander Hamilton, but was later redesigned to portray Thomas Jefferson. Aesthetically, the $2 bill is something to behold. The reverse side features a reproduction of one of the most famous paintings in American history: "Declaration of Independence" by John Trumbull. 

 

Excluding the decade from 1966 to 1976, $2 bills have been printed uninterruptedly since the Civil War. Yet, the average American who doesn't handle cash for a living can go years without seeing one. While the $2 note is still in circulation and the Bureau of Engraving and Printing recognizes it as legal tender—it is considered to be the rarest currency denomination in the U.S.

 

$500 Bill

$500 Bill
Public Domain

The Treasury minted several versions of the $500 bill, featuring a portrait of President William McKinley on the front. The last $500 bill rolled off the presses in 1945, and it was formally discontinued 24 years later in 1969.

 

Like all the bills featured here, the $500 bill remains legal tender. Most $500 notes in circulation today are in the hands of dealers and collectors. That being said, should you come into possession of a $500 bill, you'd find that its market value far exceeds its face value, with even worn specimens commanding upward of a 40% premium on the open market.

 

$1,000 Bill

$1,000 Bill
Public Domain

The original $1,000 bill featured Alexander Hamilton on the front. When someone presumably realized that it might be confusing to have the same former Secretary of the Treasury on multiple denominations, Hamilton's visage was replaced with that of another president: the 22nd and the 24th, Grover Cleveland. Like its smaller cousin the $500 bill, the $1,000 bill was discontinued in 1969. And like the $500 bill, the $1,000 bill would seem to have a lot more use now than it did then.

 

Why? Inflation, of course! The Consumer Price Index was at an estimated 36.8 back in '69, while it's at about 240 now, meaning that a $1,000 bill today would be the equivalent of a relatively modest $153 bill during the Summer of Love. Does it make any sense that we've lost larger denominations as the value of a dollar has gotten progressively smaller? The Treasury argues that keeping the denominations inconveniently small minimizes the possibility of money laundering.

 

That being said, hold onto a $1,000 bill that finds its way into your palm even more tightly than you would a $500 bill. There are only 165,372 of these bills bearing Cleveland's visage still in existence.

 

$5,000 Bill

$5,000 Bill
Public Domain

The $5,000 bill was initially issued to finance the Revolutionary War and was only officially printed by the government when the Civil War began. The bill was graced with a portrait of James Madison. President Richard Nixon ordered that the bills be recalled in 1969 due to fear of criminals using them for money-laundering activities. 

 

Finding a $5,000 bill today takes pluck, luck, and significantly more than $5,000. Fewer than 400 of these notes are believed to exist.

 

$10,000 Bill

$10,000 bill
Public domain.

Salmon P. Chase might be the most accomplished politician in our nation's history never to have served as president. But even though he was a governor of, and senator from, Ohio, served as Secretary of the Treasury under Abraham Lincoln, and became chief justice of the Supreme Court, Chase is remembered by most people as "the guy on the $10,000 bill."

 

The largest denomination ever printed for public consumption, the $10,000 bill never got much use. This lack of use is understandable, given that its value outstripped the net worth of the average American during most of the time the bill was available. The bill was first printed in 1934 and was part of the 1969 purge of large currencies. Like its $5,000 counterpart, only a few hundred authenticated samples survive.

 

$100,000 Bill

$100,000 bill
Public Domain

Featuring a portrait of Woodrow Wilson, the $100,000 note was actually a gold certificate that was never circulated or issued for public use. The Bureau of Engraving and Printing created them during The Great Depression in 1934, for conducting official transactions between Federal Reserve banks. Only 42,000 of the $100,000 bills were ever printed.

 

While the $100,000 bill can not be legally held by collectors, some institutions like the Museum of American Finance display them for educational purposes. The Smithsonian Museum and some branches of the Federal Reserve also have these rare bills in their possession.

 

https://www.investopedia.com/6-famous-discontinued-and-uncommon-u-s-currency-denominations-4773302

 

Go Moola Nova!

:pirateship:

  • Like 2
  • Thanks 2
  • Upvote 1
Link to comment
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...
 Share

  • 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.