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Established in 2006 as a Community of Reality

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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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Screwball
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Post by Screwball on Mon 11 May 2015, 1:50 am

[You must be registered and logged in to see this link.] wrote: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.
Yeah baby!
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Stevethebrit
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Post by Stevethebrit on Mon 11 May 2015, 3:20 am

[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote: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.
Yeah baby!
Is there a link to this article?
duck2000
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Post by duck2000 on Mon 11 May 2015, 5:14 am

no link all speculation .. and no rate!

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dizzydee
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Post by dizzydee on Mon 11 May 2015, 3:12 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:
[You must be registered and logged in to see this link.] wrote: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.
Yeah baby!
Is there a link to this article?
[You must be registered and logged in to see this link.]
CITEX
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Post by CITEX on Mon 11 May 2015, 3:40 pm

With this being the title....
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.

Made me wonder if someone over there was starting to ask the right questions about the removal of zero's and the no loss in value..... We have heard/ hoped/ some say they know that there will NOT be a redenomination... so this to me is an accurate story (cause it goes with what I believe). an RV is not a Redenomination

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