Established in 2006 as a Community of Reality

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


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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.

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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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    Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars

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    Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars Empty Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars

    Post by wciappetta Thu 26 Feb 2015, 6:52 am

    Alsumaria News / Baghdad 
    Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars currency from circulation category, pointing out that the replacement will continue for two months. 

    The bank said in a statement received " [You must be registered and logged in to see this link.] ", a copy of it, he was" given to stop the public from trading cash paper category 50 dinars, he decided to withdraw this banknote from trading on the basis of the powers vested in Article 36 of the Bank Act No. 56 of 2004 ". 

    The bank added that "the banks and their branches will start replacing these banknotes presented to it and without fee or commission," noting that "banks will be deposited at the bank and its branches for the purpose of being the equivalent value in the accounts we have."

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    He noted the bank that "the term that will replace these banknotes will begin on the first of March to 30 of April next," stressing that "the end of the period of replacement will be banknote void and have no discharge power will not be accepted in Iraq." 

    It is noteworthy that the Iraqi Central Bank issued after 2003 and banknotes from the category of 50 dinars, but he is not traded due to the high prices of the products offered in the market. 


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    Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars Empty Re: Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars

    Post by Neno Thu 26 Feb 2015, 6:57 am

    Hum, I have many of these. Got to find out what it means to replace them. Will post about findings.
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    Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars Empty Re: Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars

    Post by wciappetta Thu 26 Feb 2015, 7:04 am

    It is noteworthy that the Iraqi Central Bank issued after 2003 and banknotes from the category of 50 dinars, but he is not traded due to the high prices of the products offered in the market. 

    This is the question; Why introduce a new version of a banknote that has no usable value? Unless it is expected to have some value in say two months or so..... Just saying....


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    Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars Empty Re: Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars

    Post by lonelyintexas Thu 26 Feb 2015, 7:09 am

    Central Bank announces the withdrawal of 50 dinars a class of trading

    26/02/2015 02:43  

    Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars currency from circulation category, pointing out that the replacement will continue for two months.

    The bank said in a statement received by "direction Press", a copy of it, he was "given to stop the public from trading cash paper category 50 dinars, he decided to withdraw this banknote trading based authorized to article 36 of the powers of the Bank Act No. 56 of 2004".

    The bank added that "the banks and their branches will start replacing these banknotes presented to it and without fee or commission," noting that "banks will be deposited at the bank and its branches for the purpose of being the equivalent value in the accounts we have."

    He noted the bank that "the term that will replace these banknotes will begin on the first of March to 30 of April next," stressing that "the end of the period of replacement will be banknote void and have no discharge power will not be accepted in Iraq."

    It is noteworthy that the Iraqi Central Bank issued after 2003 and banknotes from the category of 50 dinars, but he is not traded due to the high prices of the products offered in the market. sa



    Maybe we will see some other bills replace this bill.
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    Last edited by lonelyintexas on Thu 26 Feb 2015, 7:21 am; edited 1 time in total
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    Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars Empty Re: Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars

    Post by Neno Thu 26 Feb 2015, 7:12 am

    The 50 dinar only new version was from coin to paper as far as I can remember. This shows that the banks will not honor the 50 dinar after April 30. I have over 1000 of these, even thow they only equal 50,000 dinars, I want to know what our advertising dealers have to say. Text messages already sent.
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    Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars Empty Re: Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars

    Post by fonz1951 Thu 26 Feb 2015, 7:14 am

    wciappetta wrote:
    It is noteworthy that the Iraqi Central Bank issued after 2003 and banknotes from the category of 50 dinars, but he is not traded due to the high prices of the products offered in the market. 

    This is the question; Why introduce a new version of a banknote that has no usable value? Unless it is expected to have some value in say two months or so..... Just saying....

    but, with that being said, next question is, why withdraw it?
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    Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars Empty Re: Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars

    Post by lonelyintexas Thu 26 Feb 2015, 7:18 am

    Here's what article 36 has to say.
    Thanks
    LIT
    yes

    Article 36 Redemption of currency
     1. The CBI may decide to redeem banknotes or coins by issuing, free of charge, other banknotes or coins in equivalent amounts. A decision to redeem banknotes or coins shall be issued in the form of a regulation of the CBI specifying the period during which the exchange shall take place and the locations and times at which withdrawn banknotes or coins shall be presented for redemption. 2. At the end of the exchange period, or at any other time specified by the CBI, redeemed banknotes and coins shall be demonetized and cease to be legal tender. 3. The CBI shall notify the public, by publication in the Official Publication, of the banknotes and coins that are legal tender.
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    Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars Empty Re: Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars

    Post by weslin3 Thu 26 Feb 2015, 7:21 am

    fonz1951 wrote:
    wciappetta wrote:
    It is noteworthy that the Iraqi Central Bank issued after 2003 and banknotes from the category of 50 dinars, but he is not traded due to the high prices of the products offered in the market. 

    This is the question; Why introduce a new version of a banknote that has no usable value? Unless it is expected to have some value in say two months or so..... Just saying....

    but, with that being said, next question is, why withdraw it?
    And why just that one?   no
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    Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars Empty Re: Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars

    Post by wciappetta Thu 26 Feb 2015, 7:21 am

    but, with that being said, next question is, why withdraw it?




    I understand it was an easy note to counterfeit ...


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    Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars Empty Re: Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars

    Post by weslin3 Thu 26 Feb 2015, 7:24 am

    My question is this a trial and only doing this note first to see?  hum

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    Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars Empty Re: Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars

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