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


6ly410
 Share

Recommended Posts

12 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!

You're right, the CBI does not plan revaluing the iqd👍

  • Sad 1
  • Upvote 1
  • Downvote 1
  • Pow! 4
Link to comment
Share on other sites

3 minutes ago, keylime said:

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.

It will happen but not under the CBI's control 👍

  • Confused 1
  • Pow! 4
Link to comment
Share on other sites

3 minutes ago, keylime said:

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.

Because they don’t care about their people the answer is always right in front of our faces but we are the best at making up any and every excuse as to why it hasn’t happened!! I bought my first dinar back in 2005 and bought a whole lot more between 2010-2012 it’s money spent I will Never sell it! I will either exchange it if it ever gains any value but other then that it’s getting so old will probably turn to dust by that time! A 20K note does absolutely nothing for them period, Maliki who stole Billions and billions of dinar apparently is still untouchable so what does that tell you!! It tells you everything that you need to know he is not scared in the least! It’s easier to control poor people also so forgetting about us  bet for sure they still don’t want us mainly Americans who bought all their worthless dinar to support them to get rich period. These are a bunch of scumbag corrupt politicians just like our own government here they will do whatever they want and get away with it for as long as they can only enriching themselves!

  • Thanks 2
  • Pow! 4
Link to comment
Share on other sites

03-Dec-2022

%D8%A7%D9%84%D8%A8%D8%AA%D9%86%D9%83.jpg?itok=rhg7sy1Z

NEW CURRENCY ISSUED IN IRAQ (FACEBOOK)

 

Ultra Iraq - Editorial Team

The Central Bank of Iraq expected to launch a currency of 20,000 dinars by the end of next year.

Central Bank adviser Ihsan al-Yasiri said in a statement, "For the first time, the Central Bank's reserves exceeded the threshold of $ 90 billion, 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."

Al-Yasiri stressed that "the denomination of 20,000 dinars is an average currency between 25,000 and 10,000, 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 pointed out that "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."

  • Haha 2
  • Upvote 2
Link to comment
Share on other sites

Iraq’s foreign currency reserves hit ‘historic’ record

3 HOURS AGO
Iraqi-dinar-800x450.jpg
An Iraqi policeman pays for groceries with 10,000-Iraqi dinar banknotes bearing an image of Mosul’s iconic leaning minaret, known as the “Hadba” (Hunchback), on June 22, 2017, in the capital Baghdad. (AFP photo)
25

SULAIMANI (ESTA) — Iraq’s foreign exchange reserves have surpassed $90 billion, the highest “historic” record since the central bank has seen established in 1947, a bank official Friday said. 

 

“The financial reserves (of foreign currency) in the Iraqi Central Bank (ICB), for the first time in history have surpassed such a massive number,” Iraqi media quoted Ihsan al-Yaseri, an ICB advisor, as saying.

“This is the sign of the Iraqi economic revival despite the increasing of the Iraqi currency value,” al-Yaseri said.

Iraq’s economy heavily relies on crude oil exports, which account for more than 90 per cent of the country’s revenues.

The country’s foreign exchange reserves have increased thanks to the rise in oil prices in the global markets since the outbreak of the Russia-Ukraine war, benefiting Iraq as an oil exporter country, according to al-Yaseri in September.

 

  • Haha 1
  • Pow! 1
Link to comment
Share on other sites

10 hours ago, keylime said:

How are you going to RV the dinar and release a 20,000 thousand dinar at the end of 2023. 

This is definitely conflicting stories to confuse the dinar holders to give up and sell off their dinars. I wouldn't surprised at all if they like to spread rumor / conflicting stories before something big(?) is about to happen. When? Noone knows. just stay calm and hang in there.

  • Upvote 2
  • Pow! 3
Link to comment
Share on other sites

1 hour ago, rvmydinar said:

This is definitely conflicting stories to confuse the dinar holders to give up and sell off their dinars. I wouldn't surprised at all if they like to spread rumor / conflicting stories before something big(?) is about to happen. When? Noone knows. just stay calm and hang in there.

I thought that about the 50,000 dinar. So it may or may not be smoke and mirrors. But for me, I don't care, my dinars are not coming out until I can take them to a local bank/exchange and get at least a dollar a dinar for them. So either RV or chunky mattress for me. LOL!

  • Upvote 1
  • Pow! 2
Link to comment
Share on other sites

Digital Event
 
A central bank official says the reserves of the Central Bank of Iraq have exceeded 90 billion dollars, and the end of next year will be 20,000 dinars.
 
"For the first time, the reserves of the Central Bank of Iraq exceed 90 billion dollars," Ihsan Al-Yasseri, an adviser to the Central Bank of Iraq, told iraqi official media. "This is a sign of the country's economic recovery."
 
Ihsan Al-Yasseri said the 20,000 dinars will be issued at the end of next year, which will be "printed with high security characteristics".
 
Ihsan Yasseri said the central bank has 15 trillion dinars in debt to industrial projects, agriculture, housing and trade projects.
 
The adviser to the Central Bank of Iraq also said they have allocated billions of dinars to support cultural institutions and projects, such as renovating Mutanabi Street in Baghdad, renovating canisters and mosques in several cities.
 
Jamal Kochar, a member of the Finance Committee in the Iraqi parliament, told The Event Media Network: "In the 2021 budget, the price of a barrel of oil was set at 45 US dollars, and this year Iraq was without budget law, and work was conducted on the basis of (one in twelve). "Iraq has sometimes sold oil for more than $100, so the extra left after 45 US dollars has been used to increase reserves and buy gold," he said.
 
Before the ISIS war, iraq's reserves were 81 to 82 billion dollars, but during the ISIS war and later, during the governments of Haider al-Abadi and Adil Abdul-Mahdi, iraq's reserves dropped to about 38 billion dollars, a member of the finance committee in the Iraqi parliament noted.

 

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

21 minutes ago, Half Crazy Runner said:

I’m confused as to why they need a 20,000 dinar note when they already have a 25,000 dinar note. Seems like a big waste of time and money to issue this … :shrug:

It does. Maybe it is to get in line with our 20 dollar bill. Drop the three zeroes, recall over time the 25,000 notes. The 50,000 becomes a fifty, 100,000 a hundred, etc. Or they are just hedging their bet and keeping the door open to release at the end of 2023 if the RV doesn't happen before that. If it does, they can change the design of the 20,000 note to a 20 since they won't have printed them yet, all while keeping the colors and security measures.

In other words, who knows? HA!

  • Upvote 2
  • Pow! 2
Link to comment
Share on other sites

Al-Sudani directs to conduct the necessary treatments to provide foreign currency in the local market

104122022_photo_2022-12-04_13-54-36-810x
The source of the news / Iraqi media news agency "IN

 

/ Baghdad / M.A

Prime Minister Muhammad Shia al-Sudani met, on Sunday, the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif.

A statement from Al-Sudani's office, which was received by the Iraqi Information News Agency, stated that the latter "listened to a briefing on the progress of organizational work and the policies of the Central Bank in the financial and monetary sectors."

Al-Sudani directed to “conduct the necessary treatments to provide foreign currency in the local market in accordance with the mechanisms and legal systems of the Central Bank, and also to provide it to citizens wishing to travel or receive treatment outside Iraq.”

And he stressed, “Proceeding with the financial and economic reform program for the financial and banking system, which was included in the ministerial curriculum, to lead the national economy to steady growth, which will reflect positively on the citizens’ livelihood and their level of financial empowerment.”

 

 

  • Upvote 2
Link to comment
Share on other sites

Al-Sudani meets the Governor of the Central Bank and issues a directive related to the provision of foreign currency
7010.jpg
  

Economy News - Baghdad

Prime Minister Mohammed Shia al-Sudani met on Sunday with the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhif.

A statement by al-Sudani's office said the latter "listened to a briefing on the progress of regulatory work and the policies of the Central Bank in the financial and monetary sectors."

Al-Sudani directed to "conduct the necessary treatments to provide foreign currency in the local market in accordance with the legal mechanisms and regulations of the Central Bank, as well as to provide it to citizens wishing to travel or treat outside Iraq."

He stressed "the continuation of the financial and economic reform program of the financial and banking system, which is included in the ministerial curriculum, to move the national economy to steady growth, which will reflect positively on the living lives of citizens and the level of their financial empowerment."
 

  • Upvote 2
Link to comment
Share on other sites

l-Sudani issues several directives, including those related to foreign currency

Doc-T-440097-638057483951596688-810x458.
 
The source of the news / Alsumaria channel

 

Alsumaria News - Politics
Prime Minister Muhammad Shia Al-Sudani affirmed today, Sunday, the continuation of the financial and economic reform program for the financial and banking system, which was included in the ministerial curriculum.

 

The media office of the Prime Minister said in a statement received by Alsumaria News, that the latter “met, this morning, Sunday, the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, and listened to a briefing on the progress of organizational work and the policies of the Central Bank in the financial and monetary sectors.”

 

 

According to the statement, Al-Sudani directed to “conduct the necessary treatments to provide foreign currency in the local market in accordance with the mechanisms and legal systems of the Central Bank, and also to provide it to citizens wishing to travel or receive treatment outside Iraq.”

 

The Prime Minister affirmed “the continuation of the financial and economic reform program for the financial and banking system, which was included in the ministerial curriculum, to lead the national economy to steady growth, which will positively affect the citizens’ livelihood and their level of financial empowerment.”

 

 

  • Upvote 1
Link to comment
Share on other sites

With the dollar jump. Sudanese directs to provide foreign currency locally

With the dollar jump. Sudanese directs to provide foreign currency locally
  
{Economic: Al-Furat News} Prime Minister Mohammed Shia Al-Sudani met, on Sunday morning, the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhif.

A statement by the prime minister's press office said Sudani "listened to a briefing on the progress of regulatory work and the policies of the Central Bank in the financial and monetary sectors."

Al-Sudani directed "to conduct the necessary treatments to provide foreign currency in the local market in accordance with the legal mechanisms and regulations of the Central Bank, as well as to provide it to citizens wishing to travel or be treated outside Iraq."

The Prime Minister stressed "the continuation of the financial and economic reform program of the financial and banking system, which was included in the ministerial curriculum, to move the national economy to steady growth, which will reflect positively on the living lives of citizens and the level of their financial empowerment."

It is noteworthy that the local markets are witnessing a rise in the exchange rates of the dollar against the dinar, as it exceeded for the first time - since the Central Bank raised - the exchange rate to 1500 dinars to the dollar.

 
 
  • Pow! 1
Link to comment
Share on other sites

i refuses to reduce the dollar exchange rate contrary to his pledge before taking office

Sudani refuses to reduce the dollar exchange rate contrary to his pledge before taking office
Last Updated:4 December 2022 - 3:18 PM

Baghdad / Iraq News Network - Prime Minister Mohammed Shia al-Sudani met on Sunday, the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhif.The Prime Minister's Information Office said that "Al-Sudani met with the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhif, following up on the progress of regulatory work and the policies of the Central Bank in the financial and monetary sectors." According to the statement, he added, "Al-Sudani listened briefly to the progress of regulatory work and the policies of the Central Bank in the financial and monetary sectors." The Prime Minister stressed, according to the statement, "to proceed with the financial and economic reform program of the financial and banking system, which was included in the ministerial curriculum, to move the national economy to steady growth, which will reflect positively on the living lives of citizens and the level of their financial empowerment."

  • Upvote 1
Link to comment
Share on other sites

2 minutes ago, 6ly410 said:

With the dollar jump. Sudanese directs to provide foreign currency locally

With the dollar jump. Sudanese directs to provide foreign currency locally
  
{Economic: Al-Furat News} Prime Minister Mohammed Shia Al-Sudani met, on Sunday morning, the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhif.

A statement by the prime minister's press office said Sudani "listened to a briefing on the progress of regulatory work and the policies of the Central Bank in the financial and monetary sectors."

Al-Sudani directed "to conduct the necessary treatments to provide foreign currency in the local market in accordance with the legal mechanisms and regulations of the Central Bank, as well as to provide it to citizens wishing to travel or be treated outside Iraq."

The Prime Minister stressed "the continuation of the financial and economic reform program of the financial and banking system, which was included in the ministerial curriculum, to move the national economy to steady growth, which will reflect positively on the living lives of citizens and the level of their financial empowerment."

It is noteworthy that the local markets are witnessing a rise in the exchange rates of the dollar against the dinar, as it exceeded for the first time - since the Central Bank raised - the exchange rate to 1500 dinars to the dollar.

 
 

RV guys and you will see the floodgates open for your people.

  • Upvote 1
  • Pow! 2
Link to comment
Share on other sites

4 minutes ago, 6ly410 said:

i refuses to reduce the dollar exchange rate contrary to his pledge before taking office

Sudani refuses to reduce the dollar exchange rate contrary to his pledge before taking office
Last Updated:4 December 2022 - 3:18 PM

Baghdad / Iraq News Network - Prime Minister Mohammed Shia al-Sudani met on Sunday, the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhif.The Prime Minister's Information Office said that "Al-Sudani met with the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhif, following up on the progress of regulatory work and the policies of the Central Bank in the financial and monetary sectors." According to the statement, he added, "Al-Sudani listened briefly to the progress of regulatory work and the policies of the Central Bank in the financial and monetary sectors." The Prime Minister stressed, according to the statement, "to proceed with the financial and economic reform program of the financial and banking system, which was included in the ministerial curriculum, to move the national economy to steady growth, which will reflect positively on the living lives of citizens and the level of their financial empowerment."

I don't see in the article where he was quoted as saying I am not reducing the dollar exchange rate. Hmmmm......Maybe mistranslation since his last quote refers to empowering the citizens financially. You have to raise the dinar against the dollar to do that.

 

  • Thanks 2
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.