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The Central Bank will make its next year (50) thousand dinars coins smaller by Arabic and Kurdish

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The Central Bank will make its next year (50) thousand dinars coins smaller by Arabic and Kurdish Empty The Central Bank will make its next year (50) thousand dinars coins smaller by Arabic and Kurdish

Post by rocky on Fri 22 Nov 2013, 9:57 am

The Central Bank will make its next year (50) thousand dinars coins smaller by Arabic and Kurdish



Range/Baghdad

The Iraqi Central Bank, unveiled on Friday, would produce coins in small groups, indicating that these currencies, which have been issued sometime next year, will be written in both Arabic and Kurdish, a proposal for large banknotes worth fifty thousand dinars.

He said the Central Bank Governor said Abdel Basset Turki told the (term), "the Central Bank is currently working with tables under the supervision of specialized committees for the issuance of a new currency of large groups.

The Turkish "the largest category of coins available now is the 25 000 Iraqi dinar and buying power with not more than 23 dollars, so there is more of a proposal to the Central Bank, to ask more of the existing currencies, such as the issuing of up to 50 dinars."

"A Turkish Central Bank also issued coins, the absence of these classes that facilitate the process of dealing and purchase between the citizen and the Iraqi market, which was the Central Bank's handling", stating that "the small coins will be in both Arabic and Kurdish."

The CBI was founded as an independent bank under its law of the 6th of March of 2004, as an independent body and is responsible for maintaining price stability, monetary policy implementation, including exchange rate policies and procedures per day to buy and sell currencies.

 
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The Central Bank will make its next year (50) thousand dinars coins smaller by Arabic and Kurdish Empty Re: The Central Bank will make its next year (50) thousand dinars coins smaller by Arabic and Kurdish

Post by kelnchp on Fri 22 Nov 2013, 10:08 am

Well this doesn't seem good making a 50 thousand dinar coin...what????
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Post by Proven on Fri 22 Nov 2013, 2:17 pm


Great article Rocky!



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The Central Bank will make its next year (50) thousand dinars coins smaller by Arabic and Kurdish Empty Re: The Central Bank will make its next year (50) thousand dinars coins smaller by Arabic and Kurdish

Post by azdinar on Fri 22 Nov 2013, 2:21 pm

Will it be the number of coins being made or does this refer to the value of the coin?
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Post by lonelyintexas on Fri 22 Nov 2013, 2:23 pm

 Maybe for interbank transfer for large sums.
LIT
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Post by Proven on Fri 22 Nov 2013, 2:35 pm

[You must be registered and logged in to see this link.] wrote:Will it be the number of coins being made or does this refer to the value of the coin?

Notice the word "redenomination" is not mentioned. 

In other words, lower denominations are coming which means the currency will have a greater value.
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The Central Bank will make its next year (50) thousand dinars coins smaller by Arabic and Kurdish Empty Re: The Central Bank will make its next year (50) thousand dinars coins smaller by Arabic and Kurdish

Post by Neno on Fri 22 Nov 2013, 3:12 pm

[You must be registered and logged in to see this link.] wrote:Well this doesn't seem good making a 50 thousand dinar coin...what????
Npt what it said... ;)

The Iraqi Central Bank, unveiled on Friday, would produce coins in small groups, indicating that these currencies, which have been issued sometime next year, will be written in both Arabic and Kurdish, a proposal for large banknotes worth fifty thousand dinars.
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Post by Neno on Fri 22 Nov 2013, 3:12 pm

[You must be registered and logged in to see this link.] wrote: Maybe for interbank transfer for large sums.
LIT
Would be my guess too... ;)
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Post by Neno on Fri 22 Nov 2013, 3:17 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:Will it be the number of coins being made or does this refer to the value of the coin?

Notice the word "redenomination" is not mentioned. 

In other words, lower denominations are coming which means the currency will have a greater value.
If, you go to the link to read the article you will see that the tiltle has "and" with in it... ;)

Central bank: we will produce next year, the currency (50) thousand dinars and small coins in Arabic and Kurdish
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Post by Screwball on Fri 22 Nov 2013, 3:19 pm

[You must be registered and logged in to see this link.] wrote:Not what it said... ;)

The Iraqi Central Bank, unveiled on Friday, would produce coins in small groups, indicating that these currencies, which have been issued sometime next year, will be written in both Arabic and Kurdish, a proposal for large banknotes worth fifty thousand dinars.
Thanks I read the article and went "what the"!!!

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