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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2019


Central Bank Rejects Redenomination of Dinar

dizzydee
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Post by dizzydee on Sat 09 May 2015, 8:53 pm

First topic message reminder :

Central Bank Rejects Redenomination of Dinar
Iraq, May 9, 2015

The parliamentary economic and investment commission has reportedly said that the Central Bank of Iraq (CBI) is not able to redenominate the Iraqi dinar, deleting the three zeros.

According to a report from Shafaq News, this is “due to the unstable economic situation.”

Instead, new banknotes worth 50,000 dinars are to be printed, while the introduction of a new 100,000 dinar note is to be postponed.

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Post by Neno on Sun 10 May 2015, 7:00 am

Oh yeah, there conveniently will be a 50 and 100 along with a 200, 25,10, 5, 2, and a 1. The 1000 and above will be brought in to make up the 50000 and 100000 If, they do it.

Btw, on the dis information campaign (which could be by the media), more like a dis of opinions.

The make up will be lower demons ( new catagories) with that larger value you, we are looking for.
duck2000
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Post by duck2000 on Sun 10 May 2015, 7:13 am

He explained that the launch of these large groups is to put the same amount of monthly money supply in the market but different categories, and not increase the original amount
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Post by duck2000 on Sun 10 May 2015, 7:14 am

this categorie is not in the market!
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Post by duck2000 on Sun 10 May 2015, 7:25 am

[You must be registered and logged in to see this link.] wrote:Thanks duck. "The Payment System". Pretty much tells you that the larger notes will be sucked into a even larger note for that system.

I like the fact how it is being said here not part of the electronic system or basically citizen use.

These will conceive 90% of today's currency use. That statement pretty much tells the tell of the use and the plan of smaller use to be.
i guess visa and master cards are worthless ? smart cards? no need for interbank notes we live in a digtal age!
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Post by mochasmom on Sun 10 May 2015, 8:23 am

Thanks everyone, i do prefer plain cajun to Arablish, any day!!!
weslin3
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Post by weslin3 on Sun 10 May 2015, 8:52 am

I agree mocha... Thanks duck....  duck Once again helped understand arabish...
lonelyintexas
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Post by lonelyintexas on Sun 10 May 2015, 9:28 am

Yes thanks Duck
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Post by Proven on Sun 10 May 2015, 2:00 pm

[You must be registered and logged in to see this link.] wrote:He explained that the launch of these large groups is to put the same amount of monthly money supply in the market but different categories, and not increase the original amount






Now Saleh is pushing the issue.  Notice he is not talking about the total money supply, but qualifying his reference to only the monthly money supply.  How crafty.  It is getting interesting.

Neno, can you put Duck's article in it's own post, please.  
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Post by Neno on Sun 10 May 2015, 2:47 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:He explained that the launch of these large groups is to put the same amount of monthly money supply in the market but different categories, and not increase the original amount






Now Saleh is pushing the issue.  Notice he is not talking about the total money supply, but qualifying his reference to only the monthly money supply.  How crafty.  It is getting interesting.

Neno, can you put Duck's article in it's own post, please.  
I'm in Austin, and it as weird as the thread....lol
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Post by jbigg on Mon 11 May 2015, 12:20 am

the Central Bank of Iraq confirmed it will issue a new banknote valued at 50,000 dinars (US$43), but marked as 50 dinars.

So if that's the case Duck, 1 dinar = .86 ........ Right
43/50= .86
I could live with that. I pretty much figured that's where it will start.

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