Wednesday Late Morning Opinions @ 11:33 AM MDT - 5/29/2024

[ronscarpa]

REMEMBER, no one really  knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ...  RON 

 

 

Frank26  There's an Article that says: 'We're not going to come out with the the lower denominations because it won't affect the exchange rate of the Iraqi dinar.' What are you stupid? I'm talking to the media. The media is owned by the far nasty side and they don't want this to happen. They don't want anyone to know about the monetary reform success so they put out information that a little misleading. Of course they're going to come out with lower denoms... remove the three zeros... add value to the currency. That's what they've been telling you...

 

Kaperoni  Community Comment: 'Today the cbi says there are no new printing of bills" That is correct. The Central Bank does not randomly print currency unless it's to replace damaged or worn out notes. There is no need for a new currency unless it is warranted. Moving to digital will eventually reduce physical notes. Besides, the LDs (Lower Denoms) are already printed and paid for. Ron

 

Samson  Article: “Central Bank: The issuance of new monetary denominations will not affect the dinar exchange rate”

 

MarkZ  This Article is directly from the CBI: “IMF reports it’s consultation with Iraq on Article 7 for 2024” They want us to know how exceptionally things have gone. How they have changed the reserve requirements and how Iraq has already met the reserve requirements. Iraq’s banks hold 18% reserves. US banks only hold 2%. Banks in Iraq are much safer than US banks. This is part of moving to phase 2 of the white papers and economic reforms. What is also in those reforms is an increase of the purchasing power if the dinar. This shows the clear progress they are making.

 

 

[Luigi1]

Kaperoni  Community Comment: 'Today the cbi says there are no new printing of bills" That is correct. The Central Bank does not randomly print currency unless it's to replace damaged or worn out notes. There is no need for a new currency unless it is warranted. Moving to digital will eventually reduce physical notes. Besides, the LDs (Lower Denoms) are already printed and paid for. Ron

 

 

I totally agree, Ron....

The lower denoms were in printed in 2015.

The new coins are also minted.

We are only waiting on the CBI timing to release them.

 

Also the CBI denied the rumors of a new 100K note then confirmed it the very next day.

[NWGUY]

They definitely ordered those lower denom's a lot of years ago.   I even think they posted pictures of the currency at the time, but it has been a long time.   They have been ready to do this for a long time.  It has just taken a long time to do it.

 

[BETTYBOOP]

Where did they confirm the 100 k note?

[Luigi1]

13 minutes ago, BETTYBOOP said:

Where did they confirm the 100 k note?

 

 

 

 

This article is supposed to be from the CBI Information Office. 

I cannot verify if it's bogus or not...the very next day they confirmed the rumor...

 

 

 

FROM OTHER SOURCES:         The CBI “Denies” Issuing A Currency In The Category Of (100) Thousand Dinars.

ARTICLE:  The CBI denies issuing a new currency in the denomination of (100) thousand Dinars, indicating that the image of the new currency circulated on social networking sites is a “fake” image bearing the image of the late Iraqi architect Zaha Hadid.

 

 The bank called on citizens to be careful  & not deal with it if some offer it for the purpose of fraud.

 

 

The CBI confirms that there are no intentions to print a new currency at the present time, stressing that  it will take legal measures against violators & promoters of this counterfeit currency. 

CBI information Office  26 – May – 2024.

 

[edbeach]

10 hours ago, Luigi1 said:

Kaperoni  Community Comment: 'Today the cbi says there are no new printing of bills" That is correct. The Central Bank does not randomly print currency unless it's to replace damaged or worn out notes. There is no need for a new currency unless it is warranted. Moving to digital will eventually reduce physical notes. Besides, the LDs (Lower Denoms) are already printed and paid for. Ron

 

 

I totally agree, Ron....

The lower denoms were in printed in 2015.

The new coins are also minted.

We are only waiting on the CBI timing to release them.

 

Also the CBI denied the rumors of a new 100K note then confirmed it the very next day.

Luigi1 if I am correct  Shabibi shows pictures of lower denoms in I believe it was 2012 OR 2013 BEFORE HE WAS CHASED OUT OF iRAQ BY THE SNAKE  MALIKI. At the time he had pictures of different Iraqui famous buildings & images. JMHO