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Parliamentary Economic reveal near issuing new coins from the category of 50 to 100 000 dinars

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Proven
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Parliamentary Economic reveal near issuing new coins from the category of 50 to 100 000 dinars

Post by Proven on Mon 13 Apr 2015, 11:47 am

Need to draw down the money supply more and pass the investment law amendments.  


Parliamentary Economic reveal near issuing new coins from the category of 50 to 100 000 dinars

April 13, 2015
Fayhaa Economics

Najiba Najib Parliamentary Economic Commission revealed near issuing new coins of the 50 and 100 000 dinars category, while showed that the central bank began issuing new designs for the new currency.
A member of the parliamentary Economic Committee Najiba Najib said the agreement on the issuance of new currency has been, in addition to issuing the CBI 25 thousand dinars category of the new model. She Najib said the project to delete the zeros from the currency will not be implemented because of the lack of success of the project appropriate economic environment, despite being one of the objectives of the Central Bank, noting that the issuance of large coins will help in carrying large amounts of money simple sizes, but parliamentary sources confirmed that the current financial situation may prevent speeding up the process thrown into the market during the current period.

Kausar Asadi


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Re: Parliamentary Economic reveal near issuing new coins from the category of 50 to 100 000 dinars

Post by weslin3 on Mon 13 Apr 2015, 11:58 am

I thought they already had these coins.... 306

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Re: Parliamentary Economic reveal near issuing new coins from the category of 50 to 100 000 dinars

Post by Proven on Mon 13 Apr 2015, 12:03 pm

The new currency is ready.


13/04/2015 (00:01 pm) - The number of readings: 377 - Issue (3336)

Parliamentary economic announces near the new version of currencies category 50 and 100 thousand dinars

BAGHDAD / Rami al-Salihi

Economic Commission parliamentary revealed near issuing new coins from the category of 50 to 100 000 dinars, as shown that the central begun issuing new designs for the new currency, an economist said that the deletion of zeros and the issuance of large groups will help to raise the value of the Iraqi dinar, ruling out the implementation of the project in time current.

She said the parliamentary Economic Committee member Najiba Najib in an interview for the "long", that "the agreement on the issuance of new currency of the 50 and 100 000 dinars category has been, in addition to issuing the CBI 25 thousand dinars category of the new model."
She said Najib saying that "the project to delete the zeros from the currency will not be implemented because of the lack of success of the project appropriate economic environment, despite being one of the objectives of the Central Bank," adding, "was equipped to issue coins of type 50 100 thousand dinars by the central bank, has been designed the form of those currencies. "
She member of the parliamentary Economic Committee, "not to the Iraqi currency harmony with trading volumes and revenues," noting that "the big issue of currencies will help to carry large amounts of money is simple and sizes without the need for bags to carry cash."
For his part, member of the Finance Committee Masood Haider in his speech for the "long", that "put two currencies cash prizes of class 50 000 dinars and 100 000 dinars a project by the Central Bank of Iraq," noting that "the project has been discussed with the Finance Committee in the House House dust is not it. "
However, Haider saying that "the current financial situation may prevent speeding up the process thrown into the market during the current period," pointing out that "the Central Bank has provided an outline of those currencies by identifying colors and logos and symbols that will be used in the new banknotes." He continued by saying, "in If the lifting of the zeroes from the Iraqi currency, it will include two new categories in return. "
In the same context, said economist Maytham Laibi in an interview for the "long", that "the project of issuing the currencies of the 50 thousand and 100 thousand is a good project for trading currency in the Iraqi market," ruling out "the implementation of the project soon, considering that this project needs to be a stable market "He added," The lifting of the zeroes and the issuance of the currencies of the 50 thousand and 100 thousand will help to refer to the currency of the dinar and therefore will raise the value of the dinar in the States, "explaining that" the project will help the citizen to reduce the circulation of small currency. "
The Central Bank of Iraq, had announced (18/01/2015), the financial reserve equivalent to Iraq and a half times the weakness of the money supply, they returned it was "best rates" in the countries of the world, as he emphasized that Iraqi financial institutions are "unable" to cover the deficit financial, stressed the need to re-examine the structure of the budget and spending and diversify sources of income and achieve investment more broadly to address the decline in oil prices. The study estimated that the local government banks' capital reached until October of 2012, the last end, a total of 754 billion dinars, compared with more than four billion dinars for private banks, and investment balances in banks operating in Iraq recorded up to 10/31/2012, a sum nearly six billion dinars (5.947), the share of government banks which amounted to 4.929 billion, compared to 1.018 billion for private banks.


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Re: Parliamentary Economic reveal near issuing new coins from the category of 50 to 100 000 dinars

Post by weslin3 on Mon 13 Apr 2015, 12:30 pm

Thanks Proven for this last article because the first one said;


the central bank began issuing new designs for the new currency.

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Re: Parliamentary Economic reveal near issuing new coins from the category of 50 to 100 000 dinars

Post by Proven on Mon 13 Apr 2015, 12:46 pm

@weslin3 wrote:Thanks Proven for this last article because the first one said;


the central bank began issuing new designs for the new currency.

Your welcome.  Just trying to help you and myself.
 

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Re: Parliamentary Economic reveal near issuing new coins from the category of 50 to 100 000 dinars

Post by wciappetta on Mon 13 Apr 2015, 2:43 pm

you know these reports can't change that drastically from a  day ago. the translation might be the  culprit and this representation of numbers might be mistranslated ..I'll bet we are looking at 50 and 100 dinar here represented as 50.000 with the decimal places of fils and the same with the 100.000

And when they say 50 thousand they actually might Mean 50,000 fils etc.  It is hard to believe otherwise because we just saw the report so it's either being misreported or misrepresented here IMO.


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Re: Parliamentary Economic reveal near issuing new coins from the category of 50 to 100 000 dinars

Post by Screwball on Mon 13 Apr 2015, 4:22 pm

@wciappetta wrote:you know these reports can't change that drastically from a  day ago. the translation might be the  culprit and this representation of numbers might be mistranslated ..I'll bet we are looking at 50 and 100 dinar here represented as 50.000 with the decimal places of fils and the same with the 100.000

And when they say 50 thousand they actually might Mean 50,000 fils etc.  It is hard to believe otherwise because we just saw the report so it's either being misreported or misrepresented here IMO.

yes i was thinking the same! misrepresentation to cause confusion!

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Re: Parliamentary Economic reveal near issuing new coins from the category of 50 to 100 000 dinars

Post by weslin3 on Mon 13 Apr 2015, 5:49 pm

Could be both Proven and Screwball.. Mistranslation and misrepresentation..Also 2 different news sites... Maybe one is still ran by Mailiki.. But thanks Proven on that 50,000 and 100,000 explanation. I can wrap my little pea brain around that... Magic 8 Ball

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Re: Parliamentary Economic reveal near issuing new coins from the category of 50 to 100 000 dinars

Post by duck2000 on Tue 14 Apr 2015, 5:28 am

Sat, 11 Apr 2015 12:51:57
The formation of a finance committee to issue fifty-categories and one hundred thousand dinars

 

 
Announced the parliamentary finance committee member Masood Haider, on Saturday, the formation of a committee to study the coins version of the categories of the fifty and one hundred thousand Iraqi dinars, stressing that these categories booting to remove zeros from the Iraqi currency in the future. Haider said in a statement seen by "agency Sama Baghdad news" that "the Governor of the Central Bank and the committee studying the issue has not been printed this currency so far," noting that "the Society Committee is considering all secure aspects and compared with other currencies began to release.""The work on the issuance of these two categories booting to remove zeros from the Iraqi currency in the future," explaining that "there is a procedure to remove three zeroes must be the presence of large groups of currencies in the future, for example, instead of 50 000 is 50 dinars." He stressed that "the launching of a currency so does not affect the balance of the Iraqi currency against the dollar and foreign," noting that "that affects the balance of the Iraqi currency is a strong economy in general."

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Re: Parliamentary Economic reveal near issuing new coins from the category of 50 to 100 000 dinars

Post by duck2000 on Tue 14 Apr 2015, 5:31 am

50 dinars is 50.000 dinar.. one dinar is thousand fills! remove the zeros and you have 50 dinar or one dinar! this is iraq one 0 one!

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