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

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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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Post by Wayne Irby on Sun 01 Dec 2013, 6:14 am

This is my opinion Only!, I think the Only reason they would need a 50,000 dinar note is if they did not intend to RV any time soon!, what we want to see is smaller denominations, the largest note the U.S. still prints is the $100 dollar bill, from Dec. 18,1934 to Jan.9,1935 we printed a $100,000 dollar Gold Certificate, this was only used between Federal Reserve Banks, we also had a $10,000 dollar bill, a $5,000 dollar bill, a $1,000 dollar bill & a $500 dollar bill, most of these were gold certificates taken out of circulation a long time ago, I have a friend in N.C. that is a millionaire & has a $10,000 dollar bill which is a gold certificate that he showed me years ago, there are only a few left in circulation & Very Valuable!, you can see the complete history of these bills at Wikipedia, pretty interesting!
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Post by Neno on Sun 01 Dec 2013, 10:51 am

[You must be registered and logged in to see this link.] wrote:This is my opinion Only!, I think the Only reason they would need a 50,000 dinar note is if they did not intend to RV any time soon!, what we want to see is smaller denominations, the largest note the U.S. still prints is the $100 dollar bill, from Dec. 18,1934 to Jan.9,1935 we printed a $100,000 dollar Gold Certificate, this was only used between Federal Reserve Banks, we also had a $10,000 dollar bill, a $5,000 dollar bill, a $1,000 dollar bill & a $500 dollar bill, most of these were gold certificates taken out of circulation a long time ago, I have a friend in N.C. that is a millionaire & has a $10,000 dollar bill which is a gold certificate that he showed me years ago, there are only a few left in circulation & Very Valuable!, you can see the complete history of these bills at Wikipedia, pretty interesting!
True but, they claim the 50,000nid at the same time as the coin (lower denoms) which for my opinion is to add another bill to the International trading circuit vaults and, never think that the USA doesn't print this or that, they just may not be putting it in circulations only. Printing a 50,000nid at this value for circulation makes no sense at all.. ;)
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Post by fonz1951 on Sun 01 Dec 2013, 4:19 pm

[You must be registered and logged in to see this link.] wrote:This is my opinion Only!, I think the Only reason they would need a 50,000 dinar note is if they did not intend to RV any time soon!, what we want to see is smaller denominations, the largest note the U.S. still prints is the $100 dollar bill, from Dec. 18,1934 to Jan.9,1935 we printed a $100,000 dollar Gold Certificate, this was only used between Federal Reserve Banks, we also had a $10,000 dollar bill, a $5,000 dollar bill, a $1,000 dollar bill & a $500 dollar bill, most of these were gold certificates taken out of circulation a long time ago, I have a friend in N.C. that is a millionaire & has a $10,000 dollar bill which is a gold certificate that he showed me years ago, there are only a few left in circulation & Very Valuable!, you can see the complete history of these bills at Wikipedia, pretty interesting!
actually the bureau of printing and engraving (the folks out in blue mound texas and washington d.c.) who are charged with printing our currency still in fact print a 1,000.00 and 500.00 note. the are hard to find in most banks and can only be had if requested. but they are out there. a lot of people, bank employees included think there are no more simply because they have never seen one.
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Post by Neno on Sun 01 Dec 2013, 6:46 pm

Exactly fonzi, in the late 80s to early 90s the bank use to pay me with the $1000.00 note if I wanted from cashing checks with my business so yes, they are still out there and only at face value... ;)
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Post by 2020 on Mon 02 Dec 2013, 2:25 pm

[You must be registered and logged in to see this link.] wrote:Exactly fonzi, in the late 80s to early 90s the bank use to pay me with the $1000.00 note if I wanted from cashing checks with my business so yes, they are still out there and only at face value... ;)
Here's the funny (sad) part - as you said, "only at face value"....  If you had a $1000 bill in the sock drawer and pulled it out to buy something, you would only get "a thousand dollars" worth of whatever you bought. if you however took it to a coin shop or collector, you would get somewhere between $1700 and up, as much as $33,000 for a 1928 $1000 note issued in Boston, in good condition. [You must be registered and logged in to see this link.]

But Neno, you referrenced having them in your hands as a young man - Me too, but I only remember them commonly available from the banks up until about '78. That same $1000 bill held in the late '70's will only buy the equivalent of about $300 worth of 1970's goods at todays market.

Don't worry, they'll print more $100's to make up for it.....  LOL
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Post by Neno on Mon 02 Dec 2013, 5:38 pm

But Neno, you referrenced having them in your hands as a young man - Me too, but I only remember them commonly available from the banks up until about '78. That same $1000 bill held in the late '70's will only buy the equivalent of about $300 worth of 1970's goods at todays market. wrote:
I received them from banks only yes and, all the way up till 1987.

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