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

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

First topic message reminder :

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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Wayne Irby
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Post by Wayne Irby on Fri 22 Nov 2013, 5:58 pm

I also saw "such as the issuing of up to 50 dinars", in todays terms that's equal to what about 4 cents!
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Post by mochasmom on Fri 22 Nov 2013, 7:52 pm

Liking this!
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Post by kelnchp on Fri 22 Nov 2013, 9:26 pm

[ltr]Central bank: we will produce next year, the currency (50) thousand dinars and small coins in Arabic and Kurdish
[/ltr]


[ltr]Revealed the CBI, on Friday, expressed his intention to issue coins denominations are small, indicating that those currencies, which may be issued sometime in the next year, will be written in Arabic and Kurdish, confirming the presence of a proposal for issuing Banknotes large value of fifty thousand dinars.[/ltr]
[ltr]The governor of the Central Bank and the Agency Abdel Basset Turki said in an interview to the (long-Presse), "The Central Bank is currently working in accordance with the tables and under the supervision of specialized committees to issue new coins with large groups."[/ltr]
[ltr]And between Turkish that "the largest group of coins that are available now are the (25) thousand dinars and the purchasing power it does not exceed $ 23, so there is more of a proposal to the Central Bank, to put coins larger than the existing, such as issuing currency up to (50) thousand dinars. "[/ltr]
[ltr]He Turkish that "the central bank is also working on a version of small coins, the lack of these categories that facilitate the process of dealing and purchase between the citizen and the Iraqi market, which was dealing with the central bank," noting that "Coins small will be in Arabic and Kurdish."[/ltr]
[ltr]It is noteworthy that the Iraqi Central Bank was established as a bank independent under the law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies are being daily sessions for buying and selling currencies.[/ltr]


[ltr]OK I still do not get it from this article it is saying they will have coins and a 50,000 Dinar Note  Right or Wrong???[/ltr]
[ltr]How is this good? Sorry I am being slow!!![/ltr]


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[/ltr]
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Post by Proven on Sat 23 Nov 2013, 9:25 am

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

OK I still do not get it from this article it is saying they will have coins and a 50,000 Dinar Note  Right or Wrong???


How is this good? Sorry I am being slow!!![/ltr]














I'll try to explain:


A few years ago, an article stated that the CBI would issue a 100,000 dinar note equal to 100 dollars. 
Subsequently, the CBI stated that this was a mis-statement. They stated that they would issue smaller denominations with one of them equal to $100.  

... there is more of a proposal to the Central Bank, to put coins larger than the existing, such as issuing currency up to (50) thousand dinars.

The above quote indicates the intention of issuing a coin having the equivalent of 50,000 dinars.  


This is all part of the currency reform stated previously by the CBI.

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Post by Neno on Sat 23 Nov 2013, 10:06 am

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

The above quote indicates the intention of issuing a coin having the equivalent of 50,000 dinars.  


I agree with everything you said but the above as it will be a NOTE. Plus I done shown where the article translation missed the "and a note paper" in the title.. ;)
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Post by Neno on Sat 23 Nov 2013, 10:10 am

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.
If you want to go by the article posted, pay attention to this statement... ;)

Below is how the original article reads. I also have three of these coins 25, 50, 100 so the others pictured may be designed and used to replace the notes of large and used for what ever like bank to bank transactions...

[ltr][You must be registered and logged in to see this link.]
Old Iraqi coins[/ltr]
[ltr]Central bank: we will produce next year, the currency (50) thousand dinars and small coins in Arabic and Kurdish [/ltr]


[ltr]Author: ASJ, NF, RS
Editor: NF, RS
22/11/2013 16:16
Number of readings: 2087 [/ltr]


[ltr]Long-Presse / Baghdad[/ltr]


[ltr]Revealed the CBI, on Friday, expressed his intention to issue coins denominations are small, indicating that those currencies, which may be issued sometime in the next year, will be written in Arabic and Kurdish, confirming the presence of a proposal for issuing Banknotes large value of fifty thousand dinars.[/ltr]


[ltr]The governor of the Central Bank and the Agency Abdel Basset Turki said in an interview to the (long-Presse), "The Central Bank is currently working in accordance with the tables and under the supervision of specialized committees to issue new coins with large groups."[/ltr]


[ltr]And between Turkish that "the largest group of coins that are available now are the (25) thousand dinars and the purchasing power it does not exceed $ 23, so there is more of a proposal to the Central Bank, to put coins larger than the existing, such as issuing currency up to (50) thousand dinars. "[/ltr]
[ltr]I see here above a possible misprint or they are calling the note a coin too[/ltr]


[ltr]He Turkish that "the central bank is also working on a version of small coins, the lack of these categories that facilitate the process of dealing and purchase between the citizen and the Iraqi market, which was dealing with the central bank," noting that "Coins small will be in Arabic and Kurdish."
[/ltr]
[ltr]There is no doubt here above they mean lower denoms[/ltr]


[ltr]It is noteworthy that the Iraqi Central Bank was established as a bank independent under the law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies are being daily sessions for buying and selling currencies. [/ltr]


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Post by Proven on Sat 23 Nov 2013, 10:24 am

[You must be registered and logged in to see this link.] wrote:If you want to go by the article posted, pay attention to this statement... ;)


A difference of interpretation.  The ambiguity opens the door to consider the dinar rising at different rates.  One interpretation, a possibility of a coin with a value of 50,000 dinars.  I hope for coins that equal their fils.  


I like this quote:

]The governor of the Central Bank and the Agency Abdel Basset Turki said in an interview to the (long-Presse), "The Central Bank is currently working in accordance with the tables and under the supervision of specialized committees to issue new coins with large groups.

It is more than a proposal.  They have a plan!

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Post by Neno on Sat 23 Nov 2013, 10:30 am

It is more than a proposal.  They have a plan!
Bingo, and yes they have a plan. We just have to narrow the speculations done to the WHEN.... ;)

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Post by Screwball on Sat 23 Nov 2013, 4:51 pm

Great discussion! Love it!
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Post by Franky on Sat 23 Nov 2013, 5:38 pm

[You must be registered and logged in to see this link.] wrote:Bingo, and yes they have a plan. We just have to narrow the speculations done to the WHEN.... ;)

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Good Luck Neno,,,,, I won't be holding my breath!! I believe in Santa more then I believe you gunna finger that one out!!!  Lol let me know a week before the actual date please!!! 🎅

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