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The Central Bank: The new 20,000 dinars currency will be introduced at the end of 2023


6ly410
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The Central Bank: The new 20,000 dinars currency will be introduced at the end of 2023

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News source / Al Oula News Agency

 

(Encyclopedia of Iraq News for News)

The Central Bank of Iraq confirmed, today, Friday, that the cash reserve exceeded 160% of the value of the Iraqi dinar, and while confirming the increase in the cash reserve exceeding 90 billion dollars, it expected the introduction of the 20 thousand currency at the end of next year, stressing at the same time the granting of 15 trillion dinars as loans for projects in four domains.
“For the first time, the central bank’s reserves exceeded the threshold of 90 billion dollars, as this number is very large and indicates a bulwark for the recovery of the economy and a great support for the value of the Iraqi currency,” said the Central Bank’s advisor, Ihsan Al-Yasiri, in a statement to the official agency, followed by (Al-Oula News). That “the value of the Iraqi currency or the balance exceeded 160%, as the value of the Iraqi dinar amounted to more than one and a half dinars.” He added, "The Iraqi currency is now witnessing a significant rise and recovery, as it is considered one of the strong international currencies, although it is not an international currency for circulation," noting that "the government and the Ministry of Finance have an opportunity to assign fragile and poor groups and retirees with low salaries and those covered by social protection and retirees through this Funds by allocating part of it within the 2023 budget.
Regarding banking control procedures, Al-Yasiri said: “The government program is concerned with controlling government banks, and private banks, since the latter are part of the banking sector and are covered by government control measures.”
He pointed out that “the Central Bank has shifted from its traditional policy, which is represented by pursuing stability and issuing cash and others, to a large development institution, as it launched a development fund whose funds exceeded 18 trillion dinars,” noting that “this fund contributed to bridging the government financing gap as a result of security and economic challenges and price drops.” successive oil since 2014 until now.
And he continued, “The bank launched initiatives and projects through loans that exceeded 15 trillion dinars for industry, agriculture, housing and trade projects,” noting that “the initiatives also included empowering women and unemployed youth,” in addition to allocating billions of dinars from bank funds to support cultural institutions, including rehabilitation. Al-Mutanabbi Street, churches, mosques and theatres.
Regarding the new 20,000 dinars category, Al-Yasiri stressed that “the 20,000 dinars category is an intermediate currency between 25,000 and 10,000, as it will have a role in redrawing the structure of banknotes,” noting that “this category will be acceptable and with high security specifications.”
And he continued, “The issuance of this category is not related to the budget, since the Central Bank has an independent budget, but rather it is related to printing procedures, choosing colors and security marks,” suggesting, “The issuance of this currency at the end of 2023.”

 

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The central reserve exceeded $ 90 billion and revealed the date of offering the 20,000 denomination

The central reserve exceeded $ 90 billion and revealed the date of offering the 20,000 denomination
  
{Economic: Al-Furat News} The Central Bank of Iraq announced today, Friday, the rise in cash reserves exceeding $ 90 billion

Central Bank adviser Ihsan al-Yasiri said in a press statement that: "The cash reserve exceeded 160% of the value of the Iraqi dinar," noting that "the value of the Iraqi currency or balance exceeded 160%, as the value of the Iraqi dinar amounted to more than one and a half dinars."

"This figure is very large and indicates a bulwark for the recovery of the economy and a large support for the value of the Iraqi currency," he said.

He predicted "the introduction of the 20,000 dinars coin by the end of next year 2023."

"Granting 15 trillion dinars as loans for industrial, agriculture, housing and trade projects.
 

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15 minutes ago, 6ly410 said:

"The Iraqi currency is now witnessing a significant rise and recovery, as it is considered one of the strong international currencies, although it is not an international currency for circulation

IQD is considered as a strong international currency? Who are we kidding now?

1.) I thought IQD isn't international recognized currency yet , that's why IQD isn't listed in the Wells Fargo yet ( as frankie26 said multiple times )

2.) And, Is the current rate 1 IQD=0.00068 USD considered as a strong currency?

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The Central Bank announces that its cash reserves have exceeded the $90 billion barrier

upload_1669996263_1764101044-810x539.jpg
 
The source of the news / Iraqi News Agency (INA)

Baghdad – Informed – Hassan Al-Fawwaz
The Central Bank of Iraq confirmed, today, Friday, that the cash reserve exceeded 160% of the value of the Iraqi dinar, and while confirming the increase in the cash reserve exceeding $ 90 billion, it expected the introduction of the 20 thousand currency at the end of next year, confirming at the same time that granting 15 trillion dinars in loans for projects in four areas.
The Central Bank's advisor, Ihsan Al-Yasiri, said in a statement to the Iraqi News Agency (INA): "For the first time, the central bank's reserves exceeded the threshold of 90 billion dollars, as this number is very large and indicates a bulwark for the recovery of the economy and a great support for the value of the Iraqi currency," noting that “The value of the Iraqi currency or the balance exceeded 160%, as the value of the Iraqi dinar amounted to more than one and a half dinars.”
He added, "The Iraqi currency is now witnessing a significant rise and recovery, as it is one of the strong international currencies, although it is not an international currency for circulation," noting that "the government and the Ministry of Finance have an opportunity to assign fragile and poor groups and retirees with low salaries and those covered by social protection and retirees through this Funds by allocating part of it within the 2023 budget.
Regarding banking control procedures, Al-Yasiri said: “The government program is concerned with controlling government banks, and private banks, since the latter are part of the banking sector and are covered by government control measures.”
He pointed out that “the Central Bank has shifted from its traditional policy, which is represented by pursuing stability and issuing cash and others, to a large development institution, as it launched a development fund whose funds exceeded 18 trillion dinars,” noting that “this fund contributed to bridging the government financing gap as a result of security and economic challenges and price drops.” successive oil since 2014 until now.
And he continued, “The bank launched initiatives and projects through loans that exceeded 15 trillion dinars for industry, agriculture, housing and trade projects,” noting that “the initiatives also included empowering women and unemployed youth,” in addition to allocating billions of dinars from bank funds to support cultural institutions, including rehabilitation. Al-Mutanabbi Street, churches, mosques and theatres.
Regarding the new 20,000 dinars category, Al-Yasiri stressed that “the 20,000 dinars category is an intermediate currency between 25,000 and 10,000, as it will have a role in redrawing the structure of banknotes,” noting that “this category will be acceptable and with high security specifications.”
And he continued, “The issuance of this category is not related to the budget, since the Central Bank has an independent budget, but rather it is related to printing procedures, choosing colors and security marks,” suggesting, “The issuance of this currency at the end of 2023.”
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Central Bank: The new 20,000 dinars will be introduced by the end of 2023

Seror sattarone hour ago

One minute

E42E88BD DEB9 47BE 8B87 AEF1E8AABAFC

The Central Bank of Iraq confirmed on Friday that the cash reserve exceeded 160% of the value of the Iraqi dinar, and while confirming the rise in cash reserves exceeding 90 billion dollars, he expected the introduction of the 20,000 currency at the end of next year, stressing at the same time granting 15 trillion dinars as loans for projects in four areas.
Central Bank adviser Ihsan al-Yasiri said in a statement to the official agency followed by (First News): "For the first time, the Central Bank's reserve exceeded the threshold of 90 billion dollars, as this number is very large and indicates a wall of resistance to the recovery of the economy and a large support for the value of the Iraqi currency," pointing out that "the value of the Iraqi currency or balance exceeded 160%, as the value of the Iraqi dinar was more than one and a half dinars." He added, "The Iraqi currency is now witnessing a significant rise and recovery, as it is one of the strong international currencies, although it is not an international currency for circulation," noting that "the government and the Ministry of Finance have an opportunity to support vulnerable and poor groups, retirees with low salaries, those covered by social protection and retirees through these funds by allocating part of them within the 2023 budget."
Regarding banking supervision procedures, al-Yasiri said: "The government program is concerned with controlling government banks, and private banks, as the latter are part of the banking sector and are covered by government supervision procedures."
He pointed out that "the Central Bank has shifted from its traditional policy, which is to follow up stability, issue money and others, to a large development institution, as it launched a development fund whose funds exceeded 18 trillion dinars," noting that "this fund contributed to bridging the government financing gap as a result of security and economic challenges and successive oil price declines since 2014 until now."
He added that "the bank launched initiatives and projects through loans that exceeded 15 trillion dinars for industry, agriculture, housing and trade projects," noting that "the initiatives also included the empowerment of women and unemployed youth," in addition to allocating billions of dinars of bank funds to support cultural institutions, including the rehabilitation of Al-Mutanabbi Street, churches, mosques and theaters.
Regarding the new 20,000 dinar denomination, Al-Yasiri stressed that "the 20,000 dinars denomination is an average currency between 25,000 and 10,000 dinars, as it will have a role in redrawing the structure of banknotes," noting that "this denomination will be acceptable and with high security specifications."
He continued, "The issuance of this category is not related to the budget because the Central Bank has an independent budget, but it is related to printing procedures and the selection of colors and security marks," likely, "the issuance of this currency by the end of 2023."

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33 minutes ago, 6ly410 said:

as the value of the Iraqi dinar amounted to more than one and a half dinars."

Does that mean 1 USD=1.5 dinar ( therefore 1 dinar=0.67 )? The current rate 1USD=1,460 IQD , then delete 3 zeros=1.460 IQD, after that round it to=1.5 IQD. Therefore 1 USD=1.5 IQD , then it becomes 1 IQD=0.67 USD. just wonder , are they trying to implement by deleting 3 zeros from the current rate?

 

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50 minutes ago, 6ly410 said:

as the value of the Iraqi dinar amounted to more than one and a half dinars."

 

He predicted "the introduction of the 20,000 dinars coin by the end of next year 2023."

Just wonder , Are they trying to implement by deleting 3 zeros and introducing the 20,000 dinar at the SAME TIME by the end of next year 2023? Hmmm..... is it possible?

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1 hour ago, 6ly410 said:

“For the first time, the central bank’s reserves exceeded the threshold of 90 billion dollars, as this number is very large and indicates a bulwark for the recovery of the economy and a great support system" rel="">support for the value of the Iraqi currency,” said the Central Bank’s advisor, Ihsan Al-Yasiri, in a statement to the official agency, followed by (Al-Oula News). That “the value of the Iraqi currency or the balance exceeded 160%, as the value of the Iraqi dinar amounted to more than one and a half dinars.” He added, "The Iraqi currency is now witnessing a significant rise and recovery, as it is considered one of the strong international currencies, although it is not an international currency for circulatio

 

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1 hour ago, 6ly410 said:

"The Iraqi currency is now witnessing a significant rise and recovery, as it is considered one of the strong international currencies, although it is not an international currency for circulation,"

 

Is this more gibberish from the CBI or a translation error ?

 

Just askin' .........

 

Semper Fi :salute:

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The Central Bank sets a date for offering the new 20,000 dinars currency

152122022_a8dcb051-6759-4e95-b418-974ca6
News source / Mawazine News


economy
|  
06:55 - 02/12/2022

Baghdad - Mawazine News
The Central Bank of Iraq confirmed, on Friday, that
the cash reserve exceeded 160% of the value of the Iraqi dinar, and while confirming the increase in the
cash reserve exceeding $90 billion, it expected the 20,000 currency to be offered at the end of next year,
confirming at the same time that it would grant 15 trillion dinars. As loans for projects in four areas.
The Central Bank’s advisor, Ihsan Al-Yasiri, said,
“For the first time, the central bank’s reserves exceeded the threshold of 90 billion dollars, as this
number is very large and indicates a barrier to the recovery of the economy and a great support for the value of the
Iraqi currency,” noting that “the value of the Iraqi currency or the balance exceeded 160.” %, as the value of the
Iraqi dinar amounted to more than one and a half dinars.
He added, "The Iraqi currency is witnessing now
A significant increase and recovery, as it is considered one of the strong international currencies, although it is not
an international currency for circulation,” noting that “the government and the Ministry of Finance have an opportunity to support
the fragile and poor groups and retirees with low salaries and those covered
by social protection and retirees through these funds by allocating part of them within the 2023 budget.” .
Regarding banking control procedures, Al-Yasiri said:
“The government program is concerned with controlling government banks, and private banks, since the
latter are part of the banking sector and are covered by government control measures.”
He pointed out that “the Central Bank has shifted from its
traditional policy, which is represented by pursuing stability and issuing cash and others, to a
large development institution, as it launched a development fund whose funds exceeded 18 trillion dinars.”
This fund contributed to bridging the government financing gap as a result of the security
and economic challenges and the successive declines in oil prices since 2014 until now.
And he continued, “The bank launched initiatives and projects
through loans that exceeded 15 trillion dinars for industry, agriculture, housing , and
trade projects,” noting that “the initiatives also included empowering women and unemployed youth
,” in addition to allocating billions of dinars from bank funds to support
cultural institutions, including rehabilitation. Al-Mutanabbi Street, churches, mosques and theatres.
Regarding the new 20,000 dinars category, Al-Yasiri stressed
that “the 20,000 dinars category is an intermediate currency between 25,000 and 10,000, as it will have a role
in redrawing the structure of the banknotes,” noting that “this category will be acceptable
and with high security specifications.”
And he continued, “The issuance of this category is not related to
the budget, since the central bank has an independent budget, but rather it is related to printing procedures,
choosing colors and security marks,” suggesting, “This currency is issued at the end
of 2023.” Ended 29 / H

 

 

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Central Bank: foreign exchange reserves increased to more than 90 billion dollars

1017736-cad2c6cc-9aa5-41df-aa5f-c7556947
Baghdad / NINA / - The Central Bank announced today, Friday, that the cash reserves exceeded 160% of the value of the Iraqi dinar.

"The central bank's reserves exceeded for the first time the threshold of 90 billion dollars, which is a very large number, and represents an indication of the recovery of the Iraqi economy, and a great support for the value of the Iraqi currency," said the Central Bank's advisor, Ihsan al-Yasiri, in a statement to the official agency.

He added: "The Iraqi currency is now witnessing a great rise and recovery, as it is one of the strong international currencies, although it is not an international currency for circulation."

Al-Yasiri explained: "The government and the Ministry of Finance have an opportunity to support the fragile and poor groups and retirees with low salaries and those covered by social protection and retirees through these funds by allocating part of them within the 2023 budget."
 
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The Central Bank of Iraq confirmed on Friday that the cash reserve exceeded 160% of the value of the Iraqi dinar, and while confirming the rise in cash reserves exceeding 90 billion dollars, he expected the introduction of the 20,000 currency at the end of next year, stressing at the same time granting 15 trillion dinars as loans for projects in four areas.


Central Bank adviser Ihsan al-Yasiri said that "for the first time, the Central Bank's reserves exceeded the threshold of 90 billion dollars, as this figure is very large and indicates a wall of resistance to the recovery of the economy and a large support for the value of the Iraqi currency," pointing out that "the value of the Iraqi currency or balance exceeded 160%, as the value of the Iraqi dinar reached more than one and a half dinars."



He added, "The Iraqi currency is now witnessing a significant rise and recovery, as it is one of the strong international currencies, although it is not an international currency for circulation," noting that "the government and the Ministry of Finance have an opportunity to support vulnerable and poor groups, retirees with low salaries, those covered by social protection and retirees through these funds by allocating part of them within the 2023 budget."



Regarding banking supervision procedures, al-Yasiri said: "The government program is concerned with controlling government banks, and private banks, as the latter are part of the banking sector and are covered by government supervision procedures."



He pointed out that "the Central Bank has shifted from its traditional policy, which is to follow up stability, issue money and others, to a large development institution, as it launched a development fund whose funds exceeded 18 trillion dinars," noting that "this fund contributed to bridging the government financing gap as a result of security and economic challenges and successive oil price declines since 2014 until now."


He added that "the bank launched initiatives and projects through loans that exceeded 15 trillion dinars for industry, agriculture, housing and trade projects," noting that "the initiatives also included the empowerment of women and unemployed youth," in addition to allocating billions of dinars of bank funds to support cultural institutions, including the rehabilitation of Al-Mutanabbi Street, churches, mosques and theaters.



Regarding the new 20,000 dinar denomination, Al-Yasiri stressed that "the 20,000 dinars denomination is an average currency between 25,000 and 10,000 dinars, as it will have a role in redrawing the structure of banknotes," noting that "this denomination will be acceptable and with high security specifications."

He continued, "The issuance of this category is not related to the budget because the Central Bank has an independent budget, but it is related to printing procedures and the selection of colors and security marks," likely, "the issuance of this currency by the end of 2023."

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The Central Bank of Iraq announces that its cash reserves have exceeded the $90 billion barrier

8-1670007160.jpg
 
News source / Nun Age

 

The Central Bank of Iraq confirmed, today, Friday, that the cash reserve exceeded 160% of the value of the Iraqi dinar, and while confirming the increase in the cash reserve exceeding 90 billion dollars, it expected the introduction of the 20 thousand currency at the end of next year, stressing at the same time the granting of 15 trillion dinars as loans for projects in four domains.

The Central Bank’s advisor, Ihsan Al-Yasiri, said, “For the first time, the central bank’s reserves exceeded the threshold of 90 billion dollars, as this number is very large and indicates a barrier to the recovery of the economy and a great support for the value of the Iraqi currency,” noting that “the value of the Iraqi currency or the balance exceeded 160.” %, as the value of the Iraqi dinar amounted to more than one and a half dinars,” according to the official agency.

He added, "The Iraqi currency is now witnessing a significant rise and recovery, as it is considered one of the strong international currencies, although it is not an international currency for circulation," noting that "the government and the Ministry of Finance have an opportunity to assign fragile and poor groups and retirees with low salaries and those covered by social protection and retirees through this Funds by allocating part of it within the 2023 budget.

Regarding banking control procedures, Al-Yasiri said: “The government program is concerned with controlling government banks, and private banks, since the latter are part of the banking sector and are covered by government control measures.”

He pointed out that “the Central Bank has shifted from its traditional policy, which is represented by pursuing stability and issuing cash and others, to a large development institution, as it launched a development fund whose funds exceeded 18 trillion dinars,” noting that “this fund contributed to bridging the government financing gap as a result of security and economic challenges and price drops.” successive oil since 2014 until now.

And he continued, “The bank launched initiatives and projects through loans that exceeded 15 trillion dinars for industry, agriculture, housing, and trade projects,” noting that “the initiatives also included empowering women and unemployed youth,” in addition to allocating billions of dinars from bank funds to support cultural institutions, including rehabilitation. Al-Mutanabbi Street, churches, mosques and theatres.

Regarding the new 20,000 dinars category, Al-Yasiri stressed that “the 20,000 dinars category is an intermediate currency between 25,000 and 10,000, as it will have a role in redrawing the structure of the banknotes,” noting that “this category will be acceptable and with high security specifications.”

And he continued, “The issuance of this category is not related to the budget, since the Central Bank has an independent budget, but rather it is related to printing procedures, choosing colors and security marks,” suggesting, “This currency is issued at the end of 2023.”

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How are you going to RV the dinar and release a 20,000 thousand dinar at the end of 2023. If you are going to raise the dinar rate to say 1 to 1, wouldn't you release a 20 dinar? This is counterintuitive to an RV happening next year. Now if you plan on RVing in 2024 or beyond then yes, I can see releasing a 20,000 dinar so that it would equal 20 dollars if they RV at 1 to 1.

Otherwise, this is not good news as far as a "soon" RV. Unless I am missing something. 

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31 minutes ago, keylime said:

How are you going to RV the dinar and release a 20,000 thousand dinar at the end of 2023. If you are going to raise the dinar rate to say 1 to 1, wouldn't you release a 20 dinar? This is counterintuitive to an RV happening next year. Now if you plan on RVing in 2024 or beyond then yes, I can see releasing a 20,000 dinar so that it would equal 20 dollars if they RV at 1 to 1.

Otherwise, this is not good news as far as a "soon" RV. Unless I am missing something. 

This is NOT good news for sure they apparently don’t plan on ever getting back to atleast a dollar with this POS currency!! Everything is corrupt it seems only the Elites are getting richer and richer sure looks like they know how many people own dinar outside of Iraq and don’t plan us on getting rich for sure! Almost 20 years now and we keep making excuses for what seems to be right in front of our faces NO they don’t plan on RVing their currency!

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33 minutes ago, keylime said:

How are you going to RV the dinar and release a 20,000 thousand dinar at the end of 2023. If you are going to raise the dinar rate to say 1 to 1, wouldn't you release a 20 dinar? This is counterintuitive to an RV happening next year. Now if you plan on RVing in 2024 or beyond then yes, I can see releasing a 20,000 dinar so that it would equal 20 dollars if they RV at 1 to 1.

Otherwise, this is not good news as far as a "soon" RV. Unless I am missing something. 

This is clearly the CBI's plan. They would love nothing more than to keep kicking the can down the road like they have been for 20 years. Their whole system is designed to give them more money and power and to keep us slaves trapped in their system. The central banks around the world are being replaced behind the scenes. A good example of this is the Federal Reserve here in the U.S.. Trump merged the Fed with our Treasury and the Corporation of the United States filed bankruptcy. We left the federal reserve in place to show the masses how their system failed us before introducing the new quantum system. There is proof of everything I've listed above available for all to see but the choice to see it will be yours, I've seen it and I continue to see it play out daily. 

 

There won't be a CBI when this pops, it will go bankrupt right before we get our blessing. 

 

Welcome to the "Great Awakening"

Enjoy the show!

 

 

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9 minutes ago, Dinarrock said:

This is NOT good news for sure they apparently don’t plan on ever getting back to atleast a dollar with this POS currency!! Everything is corrupt it seems only the Elites are getting richer and richer sure looks like they know how many people own dinar outside of Iraq and don’t plan us on getting rich for sure! Almost 20 years now and we keep making excuses for what seems to be right in front of our faces NO they don’t plan on RVing their currency!

Forget about us for a moment. If they don't RV they keep their own people poor. That's the crime...The currency isn't a POS. The crooked politicians and bankers wear that moniker. But I still believe this thing is going to happen. Just don't know when. So many positive things have come out in the last few weeks, then they want to squash it with this drivel. 20,000 dinar? For what? Scratching my head over that one.

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