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CBI celebrates the first national currency 86 years ago

rocky
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Post by rocky on 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:
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[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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azareus
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Post by azareus on Sat 17 Mar 2018, 7:49 am

Safedinar email like 10 years ago at $5.32 lol
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Post by sassy on Sat 17 Mar 2018, 7:51 am

I remember duckster mentioning it could possibly go at that rate too 
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Post by wciappetta on Sat 17 Mar 2018, 9:24 pm

[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] 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..

After the revalue of $3 plus as Iraq nears joining the GCC currency union, just before, [probably 18 months or so  after the RV] there is supposed to be s second adjustment in excess of $5. My personal view suggests $5.55. I'm just not sure at this point I'm willing hold some back to get the second bump, I've had my fill of Iraq and I'll have plenty of money, more than i'll ever need.


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Post by weslin3 on Sat 17 Mar 2018, 10:50 pm

If I get $3 I'll cash in and be through... Thanks Ward.
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Post by Lobo on Sun 18 Mar 2018, 11:28 am

Ward, this sounds great but this is the first I have heard about a second bump.  I am wondering where this info came from, can you tell us?  Thanks
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Post by mochasmom on Sun 18 Mar 2018, 12:22 pm

Duck
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Post by Lobo on Sun 18 Mar 2018, 12:24 pm

Thanks - hi hi
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Post by rocky on Sun 18 Mar 2018, 12:51 pm

[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] 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..

After the revalue of $3 plus as Iraq nears joining the GCC currency union, just before, [probably 18 months or so  after the RV] there is supposed to be s second adjustment in excess of $5. My personal view suggests $5.55. I'm just not sure at this point I'm willing hold some back to get the second bump, I've had my fill of Iraq and I'll have plenty of money, more than i'll ever need.


Ward, after waiting 12 yrs plus sounds like a wise move,second bump

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Post by ron-man on Sun 18 Mar 2018, 12:55 pm

Good posts gang.
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Post by azareus on Sun 18 Mar 2018, 1:11 pm

This is funny. We are discussing a second bump after 15 years of waiting for the first bump
Hope we are near the finishing line of the first

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