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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


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    CBI celebrates the first national currency 86 years ago

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     CBI celebrates the first national currency 86 years ago - Page 2 Empty CBI celebrates the first national currency 86 years ago

    Post by Rocky Fri 16 Mar 2018, 8:12 am

    First topic message reminder :

    [size=30]CBI celebrates the first national currency 86 years ago[/size]
    16/03/2018 02:18 | Number of readings:
    font size: [You must be registered and logged in to see this image.] [You must be registered and logged in to see this image.]
    [rtl]Trend Press / Baghdad[/rtl]
     
    [rtl]The Central Bank of Iraq celebrates on Friday the 86th anniversary of the first national currency after the declaration of the establishment of the modern Iraqi state.[/rtl]


    [rtl]The Central Bank said in a statement received "Trend Press" a copy of it, "Today passes us the 86th anniversary of the issuance of the first Iraqi currency of the Iraqi state, the dinar, which was issued on 16/3/1932."[/rtl]

    [rtl]He pointed out that "the dinar was taken as a basic unit of the Iraqi currency and worth a thousand fils, and was carrying the image of King Faisal I, heading to the left"He said.[/rtl]


    [rtl]"The purchasing power of the Iraqi dinar was 7.3 grams gold"He said.[/rtl]


    [rtl]He pointed out that "the currency committee was the responsible party, and the dinar was signed by its members: the chairman of the committee, Helten Young, the representative of the Iraqi government Jafar al-Askari, Bertram Hornsby was appointed by the Bank of England, Viscount Ghoshin representing banks operating in Iraq, Representative of banks operating in Iraq. "[/rtl]

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    [/rtl]
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    Post by ron-man Fri 16 Mar 2018, 9:49 am

    I like it, this could mean something.
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    Post by weslin3 Fri 16 Mar 2018, 10:50 am

    thumbs2 tongue
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    Post by Lobo Fri 16 Mar 2018, 11:16 am

    Sounds great, does anyone know what the gold was worth at that time? 

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    Post by Zuzu Fri 16 Mar 2018, 2:00 pm

    Lobo wrote:Sounds great, does anyone know what the gold was worth at that time? 

    Dance banna2 banna3

    $20.67  [You must be registered and logged in to see this link.]


    1939
    $35.00
     
    1938
    $35.00
     
    1937
    $35.00
     
    1936
    $35.00
     
    1935
    $35.00
     
    1934
    $35.00
     
    1933
    $32.32
     
    1932
    $20.67
     
    1931
    $20.67
     
    1930
    $20.67
     
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    Post by Lobo Fri 16 Mar 2018, 2:05 pm

    WOW, GOOD LORD, THANKS ZUZU
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    Post by Screwball Sat 17 Mar 2018, 3:13 am

    Well this changes things, maybe shabibi saying $12 is not that’s unreasonake if countries are moving to asset back currencies..
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    Post by wciappetta Sat 17 Mar 2018, 6:26 am

    28.34 grams to the ounce thus 7.3 grams of gold value is $5.32 thus by the  cbi declaration and ZUZU's ledger the dinar carried a value  $5.32

    Lol I remember laughter among investors at the thought of such a number.  It will return to such a level for a short period of time.


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    Post by weslin3 Sat 17 Mar 2018, 6:40 am

    wciappetta wrote:28.34 grams to the ounce thus 7.3 grams of gold value is $5.32 thus by the  cbi declaration and ZUZU's ledger the dinar carried a value  $5.32

    Lol I remember laughter among investors at the thought of such a number.  It will return to such a level for a short period of time.

    On that short period of time, what do mean by that? It will be that rate at first for a short period? Or what?? Thanks Ward..
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    Post by sassy Sat 17 Mar 2018, 7:05 am

    Wow !!!  Omg, that would be a very nice little rate!!!  I remember discussing this before and think it was at least 18 months to 2 yrs wasn’t it Ward?  Been a while!  Man, that would be fantastic if it came in at that number!!!  drunk


    Last edited by sassy on Sat 17 Mar 2018, 7:24 am; edited 2 times in total
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    Post by weslin3 Sat 17 Mar 2018, 7:14 am

    I remember it being discussed.. But almost unbelievable... laugh

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