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Economist: the issuance of a new class of the coin is not to improve the situation directly

Proven
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Post by Proven on Sun 31 May 2015, 2:32 pm

First topic message reminder :


Economist: the issuance of a new class of the coin is not to improve the situation directly


By Roudao 11 hours ago

Roudao - Erbil

Saw economist, Jamil Antoine, that the new currency issue or deletion of zeros from the Iraqi currency, the restructuring process and not to improve the situation directly.

The Central Bank of Iraq, decided after the federal government is required to wait in the implementation of the project to delete the zeros and get rid of the money supply flabby Iraqi currency through printed Banknotes category 50 000 dinars, also advised specialists in the matter of economic government to implement the project to delete the zeros, instead of issuing large categories of currency because it will lead to increased inflation.

Antoine said that the idea of ​​issuing a new currency of a particular class, is for the purpose of minimizing market trading, and the use of large pieces and small pieces instead, noting that the issuance of the currency of a large categories of banks and reduces its trustees problems in counting the money.

He added that the proposed percent of thousand Iraqi dinars, the currency can not replace the dollar percent, because it can not be resolved currency other currency instead of its twin and there was no one can replace the other, but instead can be solved a lot of problems with the market.


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Post by duck2000 on Tue 02 Jun 2015, 5:14 am

[You must be registered and logged in to see this link.] wrote:Lol easy quack, anything is possible until problem different. With this media interpretations has zoo world colors. Just the way I'm interpreting it. Imho, they follow the western culture, didn't we have the 1000.00 and don't we trade 100,000.00 and gold to countries or didn't we? The be news says 50000 and 100000 notes, it doesn't say fills even tho it might mean that, I just don't know but, the Ali thing, lol
For the most part, these bills were used by banks and the Federal Government for large financial transactions. This was especially true for gold certificates from 1865 to 1934. However, the introduction of the [You must be registered and logged in to see this link.] system has made large-scale cash transactions obsolete. When combined with concerns about [You must be registered and logged in to see this link.] and the use of cash in unlawful activities such as the [You must be registered and logged in to see this link.] and [You must be registered and logged in to see this link.] , it is unlikely that the U.S. government will re-issue large denomination currency in the near future, despite the amount of [You must be registered and logged in to see this link.] that has occurred since 1969 (A $5,000 bill is now worth less, in real terms, than a $1,000 bill was worth in 1969). According to the US Department of Treasury website, "The present denominations of our currency in production are $1, $2, $5, $10, $20, $50 and $100. The purpose of the United States currency system is to serve the needs of the public and these denominations meet that goal. Neither the Department of the Treasury nor the Federal Reserve System has any plans to change the denominations in use today."[You must be registered and logged in to see this link.]

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Post by duck2000 on Tue 02 Jun 2015, 5:22 am

What denominations of currency notes is the Treasury Department no longer printing?

On July 14, 1969, [You must be registered and logged in to see this link.] , the 60th Secretary of the Treasury, and officials at the Federal Reserve Board announced that they would immediately stop distributing currency in denominations of $500, $1,000, $5,000 and $10,000. Production of these denominations stopped during World War II. Their main purpose was for bank transfer payments. With the arrival of more secure transfer technologies, however, they were no longer needed for that purpose. While these notes are legal tender and may still be found in circulation today, the Federal Reserve Banks remove them from circulation and destroy them as they are received.

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Post by Neno on Tue 02 Jun 2015, 5:21 pm

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

What denominations of currency notes is the Treasury Department no longer printing?



On July 14, 1969, [You must be registered and logged in to see this link.] , the 60th Secretary of the Treasury, and officials at the Federal Reserve Board announced that they would immediately stop distributing currency in denominations of $500, $1,000, $5,000 and $10,000. Production of these denominations stopped during World War II. Their main purpose was for bank transfer payments. With the arrival of more secure transfer technologies, however, they were no longer needed for that purpose. While these notes are legal tender and may still be found in circulation today, the Federal Reserve Banks remove them from circulation and destroy them as they are received.

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In the 80's thru my bank over my business, I received many 500 and 1000 bills but, you have proven your point with the electronic trading by the two wiki highlights. TY. What a stupid way to run the world with electronic 1's and 0's, the end is near...lol
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Post by duck2000 on Wed 03 Jun 2015, 5:22 am

um.. last highlight was from the U.S treasury! sorry

you mihjt consider them WIKI also... badboys


didnt have a large perty blue for you no .. lol but seeing they were the people who made dem notes..  hi
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Post by duck2000 on Wed 03 Jun 2015, 6:48 am

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Post by duck2000 on Wed 03 Jun 2015, 6:49 am

could have used you in my pool ya .. you skimmer you !  lol!
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Post by lonelyintexas on Wed 03 Jun 2015, 1:11 pm

      

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Baghdad - INA / confirmed member of the parliamentary finance committee, Majida al-Tamimi, said on Monday that inflation in Iraq, has become "reasonable", noting that the committee fears "corruption" in the printing of large denominations that the central bank intends to implement them.

She said Tamimi's "official Iraqi News Agency", that "change the currency will not affect inflation because the inflation rate in Iraq has become a 2 to 3 percent, which is considered reasonable to some extent," pointing out that "the government is considering currency printing process of category 50 100 thousand to reduce the money supply in the market size. "

"The Finance Committee wary of printing large groups of currency because the process is expected to be accompanied by the corruption of the process of switching," afterthought "The CBI had taken all legal and prudential reserves in order to keep the possibility of corruption in the process of printing new currency."



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Post by Neno on Wed 03 Jun 2015, 7:43 pm

badboys

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