Central Bank: Iraq plans to delete the three zeroes from the currency

[easyrider]

Why? It's not costing me anything sitting in my safe. And until I know HOW to get it exchanged for the newer currency, no point in losing money to the IQD dealers....

I may choose to exchange for the newer currency, sit on it for a few more years and at least not lose.... Might even make a buck or 2... I now know it won't be pie-in-the-sky riches.... unfortunately.

well then u just contradicted yourself because you state here you know you wont make a lot of money???? where the HOPE in that??? i'm sorry but just not making any sense but please my point is you dont know the outcome so for you to say that it will R/D is complete BS. No one knows until it happens so youve failed.

[thatoneguy]

Okay, with a positive outlook as possible, why would these articles continually come out EXPLAINING their monetary plans regarding the dinar? Couldn't that give anyone who knows how currency works a 'heads up' and way to capitalize regardless the RD vs RV? Such as hedging the IQD to another currency? I'm no scholar, but to me the best laid plans are the ones that no one knows about. Again why i like reading these LOP-type articles. I wish that one guy,(no pun intended), that's groomed in foreign currency stuff could chime in and elaborate.

[Carrello]

now that you know it gona R/D you better sell.

Sell or spell?

[matlok12]

Sell or spell?

Too funny....had to give you a +1 for that!!!!

[BlueOrchid919]

OK, no worries.

My hope now is to not lose my investment. My hope is to at least break even. Maybe make a little.

It is not me saying it will RD, it is the CBI. I just read the news, re-translate it into other languages when it doesn't make sense in English. I have also kept all the articles referencing the IQD and the CBI has stated all along (at least 2 years that I know of - as well as in their most recent National Development Plan) their intention of creating a new currency to replace the old currency at a 1000:1.

Am I happy about this? Not at all. I'm quite disillusioned. I had wholeheartedly fallen for all the rumtel from the gurus. But.... I AM facing the fact that I may lose all I have put into IQD. It's quite a bit.

Now I wait to see how those of us outside Iraq will manage our old dinars.

[dinarck]

"Central" is preparing to replace the Iraqi currency after the cancellation of three zeros from the value of the cluster projected cash of $ 26 billion

The Central Bank of Iraq completing the preparation of a plan to replace the

securities cash current after the cancellation of three zeros of them, including

30 trillion dinars (26 one billion dollars), is the monetary value of the mass

expected, confirming that the timing will be determined by the government and

parliament, Iraqi.

For his part, says the expert, the first in the Central Bank of

Iraq the appearance of Mohammed Saleh, said in an interview with the newspaper

"Life" of London, "Our problem lies in the current issue of the timing of

replacement of the currency, they must choose a date suitable to implement the

project without obstacles."

Before, and the Central Bank announced its intention to raise three zeroes from

the Iraqi dinar, after suffering from inflation and the decline during the

nineties the past by economic sanctions, its value has tumbled to become the

world today, about 1120 dinars per dollar.

The central bank adopted after 2003 a new mechanism to maintain

the exchange rate of the dinar, is to create an auction foreign exchange to sell

quantities of the dollar, resulting from the sale of oil in world markets, and

transferred to the Development Fund for Iraq, which transforms in turn to the

bank to sell in local currency, which helped to raise the value of the dinar

over the past years more than 2000 points.

And as for the size of the cluster monetary circulation or the

size of the liquidity of cash by more than 30 trillion Iraqi dinars, or 26 per

one billion dollars.

He said: "trading system of cash in Iraq after 2003, it became

Mdolra, any market deal dinar and the dollar both, and this means a mass of cash

in circulation in the market but in foreign currency. "

Saleh continued: "We put in the accounts and that the currency

of Iraq or the cash block total traded home and that would be replaced after the

cancellation of zeros will be in the range of 30 trillion dinars, but its value

against foreign currencies will remain constant. This means that the dinar

exchange rate of Iraq now would amount to 1,200 dinars per dollar one ".

In regard to the most important variables that will come after

the lifting of zeros, between the appearance of the central bank solid plan to

rearrange the currency to reduce the number of leaves cash in circulation, and

this is positive. Here, the payments system would be the Iraqi easier.

Economists warned that the process of replacing the currency

of Iraq after the lifting of zeros Schoppea operations by a major corruption due

to structural inaccuracies of Iraqi banks.

They emphasized that the processes of replacement of the

currency operations of the former accompanied by a major corruption cost the

economy of Iraq a lot. But the appearance of favor answer by saying that the process

of replacing the currency in 2004, took place in exceptional circumstances, and

the country under occupation and is administered by the Governor of an American

civilian, and with this process was successful.

And sells the central bank through its daily auction, the 150

million dollars and 190 million dollars a day to clients of private banks and

financial companies, a large percentage go from Khawwalat external payment

transactions of foreign trade.

And confirms the expert's central bank that the application of

the new project to raise three zeroes from the dinar Iraqi and currency

exchange, will be according to mechanisms scalable in the form of do not feel

the citizens, are put quantities in the market and the withdrawal of which is

maintained by the government banks of the block and replace it, and it remains

only in the possession of the citizens of the trading day, and can make any

transactions in both currencies for existing and new, what's goods on the

current price of 1000 dinars for example, a customer can give the seller the

present paper the category of 1,000 dinars, as well as currency can give him a

new category of one dinar.

Source:

Forum upgrade Iraq - The Iraqi

This article as well as a 100 others like it tells the tale. If everyone cannot see by now what is going on then only a RD occuring will convince you that it will. Even then some will refuse to believe it and run to their guru shepards for comfort. This isnt smoke and isnt mirrors. This is an education campaign focused at the Iraqi population as well as buisinesses and financial institutions in Iraq. We shouldnt be surprised. They have been telling us this for years.

[TFK]

FWIW, the other article looks to present a more elaborate picture of the interview.

The flow is very much similar to Western journalism.

However, it did refer to it as a redenomination, and it had a very interesting line where it claims the CBI auction rate is 1.17 per dollar.

I looked for it on the Reuters website to confirm, but haven't found it yet.

It is on tradearabia.com., and sites Reuters as the source..

Ya, I looked on Rueters for a link. None found. I've never seen a RV/RD story given to a western media company before. Has it happened this way before? And Rueters? Aren't they owned by the Rothschild group? Interesting stuff. I call BS on GOI! Lets hope it's soon.

Thanks for the post!

[TFK]

This article as well as a 100 others like it tells the tale. If everyone cannot see by now what is going on then only a RD occuring will convince you that it will. Even then some will refuse to believe it and run to their guru shepards for comfort. This isnt smoke and isnt mirrors. This is an education campaign focused at the Iraqi population as well as buisinesses and financial institutions in Iraq. We shouldnt be surprised. They have been telling us this for years.

You will be the one surprised when it rv's at a dime or more.

Debate is wasted here so I won't expand on the above statement.

Have some hope dude! What is wrong with hoping for the best? I really don't understand you lopsters at all.

You spend hours on here breaking people's spirits... and for what? Kicks? Sadism? Boredom? What???

[nemesis760]

Thanks for the post. Nice to see the news articles on the RD becoming clearer.

1000 dinar loaf of bread can be paid with either currency....1000 old or 1 new.

Can't get any clearer than that.

caution: opinion below:

They are the same currency, iraqi dinar, iMO you CAN pay with either, but you will get 999 dinar back if you pay with the 1000 note, that note will be removed circulation. How many of the new notes will have 000 on them? None, it is possible that lifting the 3 000 refers to lifting the currency with 3 000s out of circulation, not taking their value.

Iraq has enough natural resources to back a reasonable RV (.86 -1.00). Turkey did not have that.

[RICK C]

HOW MANY TIMES DOES IT HAVE TO BE SAID, THE LIFTING OF THE notes with 3 zero's is simply pulling them out of circulation. the same as the us did with our 1thousand dollar bill. dang is it so hard to grasp.

[Pursuit0fHappiness]

HOW MANY TIMES DOES IT HAVE TO BE SAID, THE LIFTING OF THE notes with 3 zero's is simply pulling them out of circulation. the same as the us did with our 1thousand dollar bill. dang is it so hard to grasp.

....... 2 more times

[Dalite]

HOW MANY TIMES DOES IT HAVE TO BE SAID, THE LIFTING OF THE notes with 3 zero's is simply pulling them out of circulation. the same as the us did with our 1thousand dollar bill. dang is it so hard to grasp.

If there was any truth to that statement, it would be understood, and there would be no discussion.

Most folks are polite enough not to comment on the lack of understanding that prompts the response you made.

BTW, the gurus and Pumpers would love for people to believe the US did a redenomination on 1000 bills.

[RICK C]

If there was any truth to that statement, it would be understood, and there would be no discussion.

Most folks are polite enough not to comment on the lack of understanding that prompts the response you made.

BTW, the gurus and Pumpers would love for people to believe the US did a redenomination on 1000 bills.

Large denominations of United States currencyFrom Wikipedia, the free encyclopediaJump to: navigation, search

The base currency of the United States is the U.S. dollar, and is printed on bills in denominations of $1, $2, $5, $10, $20, $50, and $100.

At one time, however, it also included five larger denominations. High-denomination currency was prevalent from the very beginning of U.S. Government issue (1861). $500, $1,000, $5,000, $10,000 and $100,000 interest bearing notes were issued in 1861, and $5,000 and $10,000 United States Notes were released in 1878. There are many different designs and types of high-denomination notes.

The high-denomination bills were issued in a small size in 1929, along with the $1 through $100 denominations. The designs were as follows:

$500: William McKinley

$1,000: Grover Cleveland

$5,000: James Madison

$10,000: Salmon P. Chase

$100,000: Woodrow Wilson

The reverse designs are abstract scrollwork with ornate denomination identifiers. All were printed in green, except for the Series of 1934 gold certificate which were printed in orange on the reverse. These Series 1934 gold certificates (of denominations $100, $1,000, $10,000, and $100,000) were issued after the gold standard was repealed and gold was compulsorily confiscated by order of President Franklin Roosevelt on March 9, 1933 (see United States Executive Order 6102), and thus were used only for intra-government transactions and not issued to the public. Of these, the $100,000 is an odd bill in that it was printed only as this Series 1934 gold certificate. This series was discontinued in 1940. The other bills are printed in black and green as shown by the $10,000 example (pictured below).

Although they are still technically legal tender in the United States, high-denomination bills were last printed in 1945 and officially discontinued on July 14, 1969, by the Federal Reserve System. [1] The $5,000 and $10,000 effectively disappeared well before then. Of the $10,000 bills, 100 were preserved for many years by Benny Binion, the owner of Binion's Horseshoe casino in Las Vegas, Nevada, where they were displayed encased in acrylic. The display has since been dismantled and the bills sold to private collectors. Also, there is one large size, 1800's-era $1,000 bill in the Birdcage Theater in Tombstone, Arizona underneath the glass counter top.

The Federal Reserve began taking high-denomination bills out of circulation in 1969. As of May 30, 2009, there were only 336 known $10,000 bills in circulation; 342 remaining $5,000 bills; and 165,372 remaining $1,000 bills.[2] Due to their rarity, collectors will pay considerably more than the face value of the bills to acquire them.

For the most part, these bills were used by banks and the Federal Government for large financial transactions. This was especially true for gold certificates from 1865 to 1934. However, the introduction of the electronic money system has made large-scale cash transactions obsolete. When combined with concerns about counterfeiting and the use of cash in unlawful activities such as the illegal drug trade, it is unlikely that the U.S. government will re-issue large denomination currency in the near future, despite the amount of inflation that has occurred since 1969. According to the US Department of Treasury website, "The present denominations of our currency in production are $1, $2, $5, $10, $20, $50, and $100. Neither the Department of the Treasury nor the Federal Reserve System has any plans to change the denominations in use today."[3]

Contents [hide]

1 $500 bill

2 $1,000 bill

3 $5,000 bill

4 $10,000 bill

5 $100,000 bill

6 Fake denominations

7 References

8 External links

[edit] $500 billThe $500 bill featured William McKinley on the obverse and the words "Five Hundred Dollars" on the reverse. It was released as a small-size Federal Reserve Note (sometimes nicknamed "watermelon notes" due to the design on the reverse) in 1928, 1934 and 1934A, and a small-size Gold Certificate in 1928.

1869 $500 bill

Series 1869 $500 Legal tender note

A small-size $500 gold certificate, Series 1928. The reverse is the same as the Federal Reserve Note 1882 $500 gold certificate

1882 Lincoln $500 gold certificate 1918 $500 bill

Series 1918 $500 bill, Obverse, with Chief Justice John Marshall

Series 1918 $500 bill, Reverse 1934 $500 bill

Series 1934 $500 bill, Obverse

Series 1928 and 1934 $500 bill, Reverse

[edit] $1,000 billThe $1000 bill featured Grover Cleveland on the obverse and the words "One Thousand Dollars" on the reverse. It was printed as a small-size Federal Reserve Note in 1928, 1934 and 1934A, and a small-size Gold Certificate in 1928 and 1934. As of May 30, 2009 (2009 -05-30)[update], there were 165,372 $1,000 bills in private hands.[2]

1918 $1000 bill

Series 1918 $1000 bill, Obverse, with Alexander Hamilton

Series 1918 $1000 bill, Reverse 1928 $1000 bill

Series 1928 $1000 bill, Obverse, with Grover Cleveland

Series 1928 or 1934 $1000 bill, Reverse

[edit] $5,000 billThe $5000 bill featured James Madison on the obverse. There is a large-sized $5000 Federal Reserve Note on display at the Smithsonian Museum of American History. The $5000 bill was printed as a gold certificate in 1928, and a federal reserve note in 1928, 1934, and 1934A.

Series 1878 $5,000 United States Note, obverse. The reverse featured an eagle and a flag. $5000 bill

Series 1918 $5,000 Federal Reserve Note, Obverse

Series 1918 $5,000 Federal Reserve Note, Reverse $5000 bill

Series 1934 $5,000 Federal Reserve Note, Obverse

Series 1934 $5,000 Federal Reserve Note, Reverse

[edit] $10,000 billSalmon P. Chase appears on the $10,000 bill. As of May 30, 2009, there are 336 $10,000 bills in private hands.

Series 1900 $10,000 bill, the Reverse is blank $10,000 bill

Series 1918 $10,000 bill, Obverse

Series 1918 $10,000 bill, Reverse $10,000 bill

Series 1934 $10,000 bill, Obverse

Series 1928 or 1934 $10,000 bill, Reverse

[edit] $100,000 billThe $100,000 bill was released only as a Gold Certificate in the series of 1934. Woodrow Wilson's image was shown on the obverse, while its reverse contained the "100,000" denomination printed in several places in orange- or gold-colored ink. One of the bills is on display in the Smithsonian Museum of American History; the Federal Reserve Bank of Richmond exhibits an uncut sheet of twelve in its Money Museum. The notes were used only for official transactions between Federal Reserve Banks and were not circulated among the general public.

$100,000 bill

Series 1934 $100,000 bill, Obverse

Series 1934 $100,000 bill, Reverse

[edit] Fake denominationsNumerous fake large denominations of US currency have been created by various individuals and organizations.

For more details on this topic, see Fake denominations of United States currency.

[edit] References1.^ US BEP large banknote images, The Bureau of Engraving and Printing.

2.^ a b Palmer, Brian. "Somebody Call Officer Crumb!". Slate.com. July 24, 2009.

3.^ U.S. Treasury - FAQs: Denominations of Currency.

[edit] External links Media related to Money of the United States by denomination at Wikimedia Commons

Large Denominations from the Bureau of Engraving and Printing

[show]v · d · eUnited States currency and coinage

Topics Federal Reserve System · Federal Reserve Note · U.S. dollar · U.S. Mint · Bureau of Engraving and Printing · Mutilated currency

Current coinage Penny (1¢) · Nickel (5¢) · Dime (10¢) · Quarter (25¢) · Half dollar (50¢) · Dollar ($1)

Bullion coinage America the Beautiful Silver Bullion Coins · American Buffalo · American Gold Eagle · American Platinum Eagle · American Silver Eagle

Paper money $1 · $2 · $5 · $10 · $20 · $50 · $100 · Larger denominations

See also Bicentennial coinage · Commemoratives · Early Commemoratives · Modern Commemoratives · Confederate dollar · Fake denominations · Obsolete denominations · Mill · Coin production · In God We Trust · E pluribus unum · Nicknames

[hide]v · d · eObsolete United States currency and coinage

Topics United States coinage · United States dollar · History of the United States dollar · Large denominations of currency

Coins Fugio Cent · Half cent · Large cent · Two-cent piece · Three-cent piece · Half dime · Twenty-cent piece · Trade dollar

Gold coins Gold dollar · Quarter Eagle ($2.50) · Three-dollar piece · Half Eagle ($5) · Eagle ($10) · Double Eagle ($20)

Currency Early American currency · Compound Interest Treasury Note · Demand Note · Federal Reserve Bank Note · Fractional Currency · Gold Certificate · Interest Bearing Note · National Bank Note · National Gold Bank Note · Refunding Certificate · Silver Certificate · Treasury or Coin Note · Treasury Note (19th century) · United States Note

Patterns Stella ($4) · Half-union ($50)

Retrieved from "http://en.wikipedia.org/wiki/Large_denominations_of_United_States_currency"

[DarkStarrDinar]

I'm with Rick C. They r just going to remove the large notes out of circulation as they come in. There might even be a time frame for getting all of them in and there might not be. Know one will know until RV Day!!!! The US did take the $1000.00 dollar bill out of circulation and the $5000.00 dollar bill and the $10,000.00 dollar bill which you can see 100 of the 10,000.00 in Las Vegas at Binions Golden Nugget. I've seen them. 1 million in a bullet proof case, with a guard standing watch over it. They are just going to take them out of circulation. the value will still be the same when you cash them in.

Do you really think that some Iraq person with a 25000 note right now is going to take less for it GET REAL!!! They have brains like the rest of us and they Do know the difference when someone is trying to screw them.

Until the CBI gets with the program on electronic transactions like the private banks have over there nothing is going to happen. If they don't get their security together, the US will still be there.

They r not going to let IRAN come in and take over Iraq, like Iraq tried to do to Kuwait. What would be the since in that. We would never leave if that ever happened. I don't think the world would let that happen.

Just hang on for the ride and sit still. It will happen in due time.

The only people who seem to be so worried about it it seems to me r the ones that bought IQD beyond their budget. Sounds to me that some people on here are in Dire Straights and chasing their money.

JMO Patience is a Virtue sayeth the Lord!!!

[keepmwlknfny]

These people on here stating it will be a so-called lot are agents of mis-imformation. They are not going to let anybody know what they are going to do either way, because they do not want investors running out and buying millions of dinars. Every article coming out of Iraq will be mis-leading, and they will mis-lead on purpose because the money changers have ordered them to do so. Iraq will RV to a nice figure because to do otherwise Iraq will not prosper as fast. Iraq is the number one fastest growing economy on earth, and Iraq will have to get in line with Kuwait their competitor, so I would assume an RV around 3.60 or so. If they want to bring in the big business on a larger scale, they must do that now, and not try and do it over a 5 year period. Who you think owns the central banking system in the world? Look at daffy duck in libya for trying to buck the international jewish money changers, he's on the run for trying to issue a gold dinar.

Stick around for a little while.....you have a lot to learn.....

[BlueOrchid919]

Large denominations of United States currencyFrom Wikipedia, the free encyclopediaJump to: navigation, search

The base currency of the United States is the U.S. dollar, and is printed on bills in denominations of $1, $2, $5, $10, $20, $50, and $100.

At one time, however, it also included five larger denominations. High-denomination currency was prevalent from the very beginning of U.S. Government issue (1861). $500, $1,000, $5,000, $10,000 and $100,000 interest bearing notes were issued in 1861, and $5,000 and $10,000 United States Notes were released in 1878. There are many different designs and types of high-denomination notes.

<snip>

This is all fine and well....but.....

The US did not REPLACE their currency. When they removed the larger banknotes, they did not create a new currency. They have over time re-designed it, but never replaced it. They have ADDED to their currency, never REPLACED it. The US has never redenominated the USD.

HUGE difference.

Iraq has clearly stated they WILL redenominate. They have clearly stated they will create a new currency to REPLACE the old currency. They will remove 3 zeros. Both currencies will exist together at the same time. Both currencies will have exactly the same value. A 1000 dinar old note will be exactly equal to a 1 dinar new note. They have stated they will remove ALL old currency within 3 years. They have stated they will REDENOMINATE.

HUGE difference.

You are trying to compare apples to oranges. The US never redenominated. Iraq will redenominate by next year.

This is not my opinion. It is exactly what the CBI has stated in an increasing flurry of news articles and interviews, and is also stated in their most recent 5-year strategic plan (The Iraq National Development Plan 2010-2014) which has been posted in several threads. If you want to claim the CBI and Iraq's govt are liars and trying to pull one over on the world by issuing false statements to the likes of Reuters, Bloomberg, and other major national media outlets, I would very much like to know why and the source of your information. So far, all we have to go on (other than rumtel from guruville) is what international economists, major media reporters, and the country of Iraq itself is stating to the world.

I am not trying to argue here, but I AM very seriously interested in what you base YOUR opinion on...a legit source for YOUR information (not what you've heard from any dinar board member). I'm all ears...errr eyes.... as I am quite disillusioned by the factual news coming from the CBI. News that I am finally seeing for what it is, rather than relying on hearsay from a forum member I do not know. Please, please share your opinion/source here. I am sincerely interested.

Edited August 7, 2011 by BlueOrchid919

[Dalite]

Nice work, but it was never redenominated.

The CBI plans to ReDenominate.

We are all aware of the larger notes used for interbank transfer.

The topic has come quite a few times before, and nothing has changed since the last time it was clarified.

The US did not add zeros due to devaluation, there fore had no reason to remove them in redenomination.

Plus redenomination is exactly as it's name suggest.

If the US had done a RD, all the notes would have been changed

Anyone who has a $1000 note today loses $400 to $700 profit from collectors, if they turn it in to the bank at face value.

Large denominations of United States currencyFrom Wikipedia, the free encyclopediaJump to: navigation, search

The base currency of the United States is the U.S. dollar, and is printed on bills in denominations of $1, $2, $5, $10, $20, $50, and $100.

At one time, however, it also included five larger denominations. High-denomination currency was prevalent from the very beginning of U.S. Government issue (1861). $500, $1,000, $5,000, $10,000 and $100,000 interest bearing notes were issued in 1861, and $5,000 and $10,000 United States Notes were released in 1878. There are many different designs and types of high-denomination notes.

The high-denomination bills were issued in a small size in 1929, along with the $1 through $100 denominations. The designs were as follows:

$500: William McKinley

$1,000: Grover Cleveland

$5,000: James Madison

$10,000: Salmon P. Chase

$100,000: Woodrow Wilson

The reverse designs are abstract scrollwork with ornate denomination identifiers. All were printed in green, except for the Series of 1934 gold certificate which were printed in orange on the reverse. These Series 1934 gold certificates (of denominations $100, $1,000, $10,000, and $100,000) were issued after the gold standard was repealed and gold was compulsorily confiscated by order of President Franklin Roosevelt on March 9, 1933 (see United States Executive Order 6102), and thus were used only for intra-government transactions and not issued to the public. Of these, the $100,000 is an odd bill in that it was printed only as this Series 1934 gold certificate. This series was discontinued in 1940. The other bills are printed in black and green as shown by the $10,000 example (pictured below).

Although they are still technically legal tender in the United States, high-denomination bills were last printed in 1945 and officially discontinued on July 14, 1969, by the Federal Reserve System. [1] The $5,000 and $10,000 effectively disappeared well before then. Of the $10,000 bills, 100 were preserved for many years by Benny Binion, the owner of Binion's Horseshoe casino in Las Vegas, Nevada, where they were displayed encased in acrylic. The display has since been dismantled and the bills sold to private collectors. Also, there is one large size, 1800's-era $1,000 bill in the Birdcage Theater in Tombstone, Arizona underneath the glass counter top.

The Federal Reserve began taking high-denomination bills out of circulation in 1969. As of May 30, 2009, there were only 336 known $10,000 bills in circulation; 342 remaining $5,000 bills; and 165,372 remaining $1,000 bills.[2] Due to their rarity, collectors will pay considerably more than the face value of the bills to acquire them.

For the most part, these bills were used by banks and the Federal Government for large financial transactions. This was especially true for gold certificates from 1865 to 1934. However, the introduction of the electronic money system has made large-scale cash transactions obsolete. When combined with concerns about counterfeiting and the use of cash in unlawful activities such as the illegal drug trade, it is unlikely that the U.S. government will re-issue large denomination currency in the near future, despite the amount of inflation that has occurred since 1969. According to the US Department of Treasury website, "The present denominations of our currency in production are $1, $2, $5, $10, $20, $50, and $100. Neither the Department of the Treasury nor the Federal Reserve System has any plans to change the denominations in use today."[3]

Contents [hide]

1 $500 bill

2 $1,000 bill

3 $5,000 bill

4 $10,000 bill

5 $100,000 bill

6 Fake denominations

7 References

8 External links

[edit] $500 billThe $500 bill featured William McKinley on the obverse and the words "Five Hundred Dollars" on the reverse. It was released as a small-size Federal Reserve Note (sometimes nicknamed "watermelon notes" due to the design on the reverse) in 1928, 1934 and 1934A, and a small-size Gold Certificate in 1928.

1869 $500 bill

Series 1869 $500 Legal tender note

A small-size $500 gold certificate, Series 1928. The reverse is the same as the Federal Reserve Note 1882 $500 gold certificate

1882 Lincoln $500 gold certificate 1918 $500 bill

Series 1918 $500 bill, Obverse, with Chief Justice John Marshall

Series 1918 $500 bill, Reverse 1934 $500 bill

Series 1934 $500 bill, Obverse

Series 1928 and 1934 $500 bill, Reverse

[edit] $1,000 billThe $1000 bill featured Grover Cleveland on the obverse and the words "One Thousand Dollars" on the reverse. It was printed as a small-size Federal Reserve Note in 1928, 1934 and 1934A, and a small-size Gold Certificate in 1928 and 1934. As of May 30, 2009 (2009 -05-30)[update], there were 165,372 $1,000 bills in private hands.[2]

1918 $1000 bill

Series 1918 $1000 bill, Obverse, with Alexander Hamilton

Series 1918 $1000 bill, Reverse 1928 $1000 bill

Series 1928 $1000 bill, Obverse, with Grover Cleveland

Series 1928 or 1934 $1000 bill, Reverse

[edit] $5,000 billThe $5000 bill featured James Madison on the obverse. There is a large-sized $5000 Federal Reserve Note on display at the Smithsonian Museum of American History. The $5000 bill was printed as a gold certificate in 1928, and a federal reserve note in 1928, 1934, and 1934A.

Series 1878 $5,000 United States Note, obverse. The reverse featured an eagle and a flag. $5000 bill

Series 1918 $5,000 Federal Reserve Note, Obverse

Series 1918 $5,000 Federal Reserve Note, Reverse $5000 bill

Series 1934 $5,000 Federal Reserve Note, Obverse

Series 1934 $5,000 Federal Reserve Note, Reverse

[edit] $10,000 billSalmon P. Chase appears on the $10,000 bill. As of May 30, 2009, there are 336 $10,000 bills in private hands.

Series 1900 $10,000 bill, the Reverse is blank $10,000 bill

Series 1918 $10,000 bill, Obverse

Series 1918 $10,000 bill, Reverse $10,000 bill

Series 1934 $10,000 bill, Obverse

Series 1928 or 1934 $10,000 bill, Reverse

[edit] $100,000 billThe $100,000 bill was released only as a Gold Certificate in the series of 1934. Woodrow Wilson's image was shown on the obverse, while its reverse contained the "100,000" denomination printed in several places in orange- or gold-colored ink. One of the bills is on display in the Smithsonian Museum of American History; the Federal Reserve Bank of Richmond exhibits an uncut sheet of twelve in its Money Museum. The notes were used only for official transactions between Federal Reserve Banks and were not circulated among the general public.

$100,000 bill

Series 1934 $100,000 bill, Obverse

Series 1934 $100,000 bill, Reverse

[edit] Fake denominationsNumerous fake large denominations of US currency have been created by various individuals and organizations.

For more details on this topic, see Fake denominations of United States currency.

[edit] References1.^ US BEP large banknote images, The Bureau of Engraving and Printing.

2.^ a b Palmer, Brian. "Somebody Call Officer Crumb!". Slate.com. July 24, 2009.

3.^ U.S. Treasury - FAQs: Denominations of Currency.

[edit] External links Media related to Money of the United States by denomination at Wikimedia Commons

Large Denominations from the Bureau of Engraving and Printing

[show]v · d · eUnited States currency and coinage

Topics Federal Reserve System · Federal Reserve Note · U.S. dollar · U.S. Mint · Bureau of Engraving and Printing · Mutilated currency

Current coinage Penny (1¢) · Nickel (5¢) · Dime (10¢) · Quarter (25¢) · Half dollar (50¢) · Dollar ($1)

Bullion coinage America the Beautiful Silver Bullion Coins · American Buffalo · American Gold Eagle · American Platinum Eagle · American Silver Eagle

Paper money $1 · $2 · $5 · $10 · $20 · $50 · $100 · Larger denominations

See also Bicentennial coinage · Commemoratives · Early Commemoratives · Modern Commemoratives · Confederate dollar · Fake denominations · Obsolete denominations · Mill · Coin production · In God We Trust · E pluribus unum · Nicknames

[hide]v · d · eObsolete United States currency and coinage

Topics United States coinage · United States dollar · History of the United States dollar · Large denominations of currency

Coins Fugio Cent · Half cent · Large cent · Two-cent piece · Three-cent piece · Half dime · Twenty-cent piece · Trade dollar

Gold coins Gold dollar · Quarter Eagle ($2.50) · Three-dollar piece · Half Eagle ($5) · Eagle ($10) · Double Eagle ($20)

Currency Early American currency · Compound Interest Treasury Note · Demand Note · Federal Reserve Bank Note · Fractional Currency · Gold Certificate · Interest Bearing Note · National Bank Note · National Gold Bank Note · Refunding Certificate · Silver Certificate · Treasury or Coin Note · Treasury Note (19th century) · United States Note

Patterns Stella ($4) · Half-union ($50)

Retrieved from "http://en.wikipedia.org/wiki/Large_denominations_of_United_States_currency"

[RICK C]

as far as changeing the LOOKS of their paper currency , it is being done as a consideration to the Kurdish people , by putting THEIR LANGUAGE as well as ENGLISH on the paper .it's that simple. shabibi spoke of this long ago. research his trip to HARVARD UNIV.as well as the latest talks on the subject.

Edited August 7, 2011 by RICK C

[Dalite]

as far as changeing the LOOKS of their paper currency , it is being done as a consideration to the Kurdish people , by putting THEIR LANGUAGE as well as ENGLISH on the paper .it's that simple. shabibi spoke of this long ago. research his trip to HARVARD UNIV.as well as the latest talks on the subject.

I don't know if the CBI will be allowed by Maliki to follow through on their intentions to ReDenominate.

Here are the facts as told by the CBI.

The 25000 would equal a new 25, and 1000 would equal a new 1- divide by 1000

The CBI intends to reduce it's 30 trillion Dinar liability in circulation to approx 26 billion - divide by 1000

The exchange rate would go from 1170:1 to 1.17:1 - divide by 1000

Again, it hasn't happened yet.

Maliki has not brought it up to parliament since the plan was reintroduced June 20 to him by Shabibi.

Apparently ( guessing here) the plan has been revised to include minting of coin, and will be presented again to Maliki soon.

The government has indicated it had no plans to restructure currency to address inflation this year (I am hoping that is a translation issue).

That is what I have to go on. Your view may be different.

I only pop in here when a forum fact is being presented as truth........

[RICK C]

Well after waiting all this time for them to do something towards a revalue, I for 1 just take it day to day. At least they are talking about doing something. Just wish they could move a little faster.

[nemesis760]

There is 30 trillion in circulation they want to add liquidity to that 30 trillion.. so they are not decreasing the quantity, just the value, IMO. I think if they lop off 3 0s then they would be saying they want to decrease that number to 30 billion, and add liquidity to that 30 billion. Or something along the lines of wanting to decrease that number in circulation So if there is 30 trillion out there, they rv to 1:1 then they have added liquidity.

Just reread.. 30 trillion liquidity for 30 billion... shite...

[Dalite]

Well after waiting all this time for them to do something towards a revalue, I for 1 just take it day to day. At least they are talking about doing something. Just wish they could move a little faster.

I am right there with you.

Until something actually goes into play, there is still hope...

[dinarck]

These people on here stating it will be a so-called lot are agents of mis-imformation. They are not going to let anybody know what they are going to do either way, because they do not want investors running out and buying millions of dinars. Every article coming out of Iraq will be mis-leading, and they will mis-lead on purpose because the money changers have ordered them to do so. Iraq will RV to a nice figure because to do otherwise Iraq will not prosper as fast. Iraq is the number one fastest growing economy on earth, and Iraq will have to get in line with Kuwait their competitor, so I would assume an RV around 3.60 or so. If they want to bring in the big business on a larger scale, they must do that now, and not try and do it over a 5 year period. Who you think owns the central banking system in the world? Look at daffy duck in libya for trying to buck the international jewish money changers, he's on the run for trying to issue a gold dinar.

Then why did they sell us trillions of dinar. 3.60? Yeah I dont think so.

[Dalite]

Just reread.. 30 trillion liquidity for 30 billion... shite...

Be prepared, but don't give up hope....

I can define or describe a RD from number of approaches.

It is just math and economics.

It is also not my first choice.

But, until it actually happens, there is always a ray of hope.

[dinarck]

Yeah and Saddam's propaganda minister spewed a lot of lying propaganda also. It's all mis-information to blind people to what is really going on. They want you to think they are going to lop so you go sell your dinars, and don't buy any. I always go with the opposite of what those crooks tell me, and it's works 99% of the time.

Sell our dinars to who? Other speculators? Maybe dinar dealers? Why? So they can sell them to other speculators? Maybe banks. O sorry, they dont buy them. Seems to me that the CBI doesnt want their dinar back and you can still buy millions of them if you want. Either way 30 trilion or so remains in circulation ans all the misinformation in the world wont change that. Its fun to believe that way but its nonsense.