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


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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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mbryan
lonelyintexas
6 posters

    Abadi adviser: banks are dealing with the citizen by his desire to acquire the currency with the exc

    lonelyintexas
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    • Post n°1

    Abadi adviser: banks are dealing with the citizen by his desire to acquire the currency with the exc Empty Abadi adviser: banks are dealing with the citizen by his desire to acquire the currency with the exc

    Post by lonelyintexas Thu 04 Jun 2015, 11:37 am

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    Created on Thursday, 04 حزيران / يونيو 2015 ten seventeen a.m. | [You must be registered and logged in to see this link.]| [You must be registered and logged in to see this link.]| Hits: 66
     
     
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    BAGHDAD / Sky Press: Faleh Hussein

    He denied the appearance of Mohammed Saleh Economic Adviser to the Prime Minister Haider al-Abadi, Thursday, news of the issuance of mainstream banks to deal with the citizen dinar currency only, while noting that the central bank issued a circular on foreign remittances that are dealt in Iraqi dinars.

     
    Said Mohammed Saleh for "Sky Press," that "the news of local banks dealing with citizens only in Iraqi dinars when you drag the instruments of financial accounts are baseless."

     
    "The central bank issued a circular to all banks dealing with foreign remittances only in Iraqi dinars to keep hard currency and to support the Iraqi dinar exchange rate."

     
    The news indicated the central bank issued a directive to all local banks to deal with citizens in Iraqi dinars when withdraw money deposited in which to keep hard currency.

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    • Post n°2

    Abadi adviser: banks are dealing with the citizen by his desire to acquire the currency with the exc Empty Re: Abadi adviser: banks are dealing with the citizen by his desire to acquire the currency with the exc

    Post by mbryan Sat 06 Jun 2015, 5:35 am

    Looks like a control issue for the goi
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    • Post n°3

    Abadi adviser: banks are dealing with the citizen by his desire to acquire the currency with the exc Empty Re: Abadi adviser: banks are dealing with the citizen by his desire to acquire the currency with the exc

    Post by Lobo Sat 06 Jun 2015, 5:57 pm

    SOUNDS LIKE THE CENTRAL BANK AND TRADE BANK WILL BE HELPING WITH LIQUIDITY - SOMETHING IS GOING ON OVER THERE


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    6/6/2015

     
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    BAGHDAD - Constitution: confirmed a member of the Investment Committee of Economy parliamentary Najiba Najib, the central bank obliged all banks to distribute small loans to citizens after their funding liquidity material several conditions, indicating that part of the conditions the distribution of small loans to citizens. He added, that the central bank did not specify the amount of the loan and the time distribution of loans to citizens It is said that a committee of the Council of Ministers of Economic Affairs decided earlier, the Central Bank of Iraq and the Trade Bank of civil providing liquidity to banks sober in exchange for guarantees acceptable to the two parties. [You must be registered and logged in to see this link.] - 

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    • Post n°4

    Abadi adviser: banks are dealing with the citizen by his desire to acquire the currency with the exc Empty Re: Abadi adviser: banks are dealing with the citizen by his desire to acquire the currency with the exc

    Post by mochasmom Sat 06 Jun 2015, 7:15 pm

    This is great!
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    jedi17
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    • Post n°5

    Abadi adviser: banks are dealing with the citizen by his desire to acquire the currency with the exc Empty Re: Abadi adviser: banks are dealing with the citizen by his desire to acquire the currency with the exc

    Post by jedi17 Sat 06 Jun 2015, 7:40 pm

    agree with Mocha, another country did this and encouraged the use of their currency before they revalued......hoping that this is where Iraq is heading this year
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    • Post n°6

    Abadi adviser: banks are dealing with the citizen by his desire to acquire the currency with the exc Empty Re: Abadi adviser: banks are dealing with the citizen by his desire to acquire the currency with the exc

    Post by sassy Sat 06 Jun 2015, 7:45 pm

    This is a good thing!  duck
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    • Post n°7

    Abadi adviser: banks are dealing with the citizen by his desire to acquire the currency with the exc Empty Re: Abadi adviser: banks are dealing with the citizen by his desire to acquire the currency with the exc

    Post by Lobo Sat 06 Jun 2015, 7:54 pm

    Jedi17, what country was that you referred to, thanks
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    • Post n°8

    Abadi adviser: banks are dealing with the citizen by his desire to acquire the currency with the exc Empty Re: Abadi adviser: banks are dealing with the citizen by his desire to acquire the currency with the exc

    Post by jedi17 Sat 06 Jun 2015, 8:35 pm

    k....you asked, so here it is...now it is hard  to compare the two countries.....but read it all...and find the similarities.  Pay special attention to the SDR rates/ dates and the date it revalued


    New Afghani (2002-present)[[You must be registered and logged in to see this link.]]

    Between October 7, 2002, and January 2, 2003, a new Afghani was introduced with the [You must be registered and logged in to see this link.] code AFN. No subdivisions have been issued. It replaced the previous Afghani at two distinct rates. Issues of the government of President [You must be registered and logged in to see this link.] were replaced at a rate of 1000 to the new Afghani, whilst the issues of [You must be registered and logged in to see this link.] (the Northern Alliance) were replaced at a rate of 2000 to the new Afghani, The new Afghani was valued at 43 Afghani to the U.S. dollar. Prior to the reissue, there were more than 15 [You must be registered and logged in to see this link.] Afghani in circulation after unrestrained printing under Taliban rule and during wars and occupation.[[You must be registered and logged in to see this link.]]
    In October 2003, [You must be registered and logged in to see this link.] governor [You must be registered and logged in to see this link.] announced that Afghans should use their own Afghani currency in daily transactions rather than [You must be registered and logged in to see this link.] or [You must be registered and logged in to see this link.].[[You must be registered and logged in to see this link.]] This was in preparation for October 8 when all prices in the Afghan marketplace were to be specified in Afghani.
    After depreciating during the last quarter of 2003/04, the Afghani has been appreciating steadily, gaining 8 percent against the U.S. dollar between end-March 2004 and end-July 2004. This appreciation, at a time of increasing inflation, appears to reflect a greater willingness by the population to use the Afghani as a medium of exchange and as a store of value. This trend appears to be attributable to the relative stability of the exchange rate since the introduction of the new currency, administrative measures aimed at promoting its use, such as the requirement that shopkeepers must price goods in Afghani. Donors are increasingly making payments in Afghani instead of U.S. dollars and this appears to be widely accepted.

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

    In 2005, coins were introduced in denominations of 1, 2 and 5 Afghanis [You must be registered and logged in to see this link.]

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

    On 7 October 2002, banknotes were introduced in denominations of 1, 2, 5, 10, 20, 50, 100, 500, and 1000 Afghanis. The 1, 2 and 5 Afghani notes were replaced by coins in 2005. In 2004 and 2008, the security features on several denominations were improved.



    [You must be registered and logged in to see this link.]: Exchange Rate
    as of May 31, 2015
    The SDR is an international reserve asset created by the IMF in 1969 and serves as its unit of account. The currency value of the SDR is determined by summing the values in U.S. dollars of a basket of major currencies.


    [th]Download this file[/th]
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    (in SDRs per Currency unit)

    [th] Date[/th][th]Exchange Rate[/th]
     [You must be registered and logged in to see this link.]            0.0122317
     [You must be registered and logged in to see this link.]            0.0112557
     [You must be registered and logged in to see this link.]            0.0120599
     [You must be registered and logged in to see this link.]            0.0129142
     [You must be registered and logged in to see this link.]            0.0135438
     [You must be registered and logged in to see this link.]            0.0140412
     [You must be registered and logged in to see this link.]            0.0133901
     [You must be registered and logged in to see this link.]            0.0123071
     [You must be registered and logged in to see this link.]            0.0130539
     [You must be registered and logged in to see this link.]            0.0136365
     [You must be registered and logged in to see this link.]            0.0132761
     [You must be registered and logged in to see this link.]            0.0136393
     [You must be registered and logged in to see this link.]            0.0148832
     [You must be registered and logged in to see this link.]            0.000166902
     [You must be registered and logged in to see this link.]            0.000229876
     [You must be registered and logged in to see this link.]            0.000229876
     [You must be registered and logged in to see this link.]            0.000642136
     [You must be registered and logged in to see this link.]            0.0013904
     [You must be registered and logged in to see this link.]            0.0138844
     [You must be registered and logged in to see this link.]            0.014428
     [You must be registered and logged in to see this link.]            0.0147395
     [You must be registered and logged in to see this link.]            0.0151733
     [You must be registered and logged in to see this link.]            0.0152531
     [You must be registered and logged in to see this link.]            0.0153417
     [You must be registered and logged in to see this link.]            0.0151293
     [You must be registered and logged in to see this link.]            0.0168057
     [You must be registered and logged in to see this link.]            0.0199389
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    • Post n°9

    Abadi adviser: banks are dealing with the citizen by his desire to acquire the currency with the exc Empty Re: Abadi adviser: banks are dealing with the citizen by his desire to acquire the currency with the exc

    Post by Lobo Sat 06 Jun 2015, 9:04 pm

    Thank you, very interesting - Iraq seems to be following a similar path, by reducing the amount of currency, and like in Afghanistan issuing new currency with more security enhancements, issuing coins and similar currency denominations.  October seems to have been a big month for the Central Bank of Afghanistan but the IMF shows three exceptions to reporting the SDRs - one month has passed, being May, but the other two are ahead of us, August and September.  The Afghanistan Central Bank governor also encouraged everyone to use the new currency after it revalued.  Iraq's governor of the CBI has encouraged everyone to use the dinar, the taxes and tariffs go in place August 1 as well as an increase in the electrical and water usage that the Iraqis will have to pay.  The CBI had a tender the other day requesting companies submit bids for a new accounting program, the closure of the tender is right after Ramadan.  I think things are "heating up" - we could see something very soon.  If the RV doesn't happen prior to August 1 - the Iraqis will be in "a world of hurt".  Let me now if I am close to what you were thinking.  Thanks again
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    • Post n°10

    Abadi adviser: banks are dealing with the citizen by his desire to acquire the currency with the exc Empty Re: Abadi adviser: banks are dealing with the citizen by his desire to acquire the currency with the exc

    Post by jedi17 Sat 06 Jun 2015, 9:42 pm

    well....in 2014 the CBI began to introduce approximately 5 trillion Iraqi dinar with enhanced security features "SPARK" and has stated that these new notes will run with the old notes until the old notes are out of circulation.  So, the new secure notes are out there already.  We know that the most recent denominations that they are talking about could very well be FILS such as Afghanistan released (coins).  I try to follow the money, the SDR, and the CBI.  I have a hard time imagining anything good will happen until ISIS is under control.   That  said, I have not seen this amount of positive news in years!!
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    • Post n°11

    Abadi adviser: banks are dealing with the citizen by his desire to acquire the currency with the exc Empty Re: Abadi adviser: banks are dealing with the citizen by his desire to acquire the currency with the exc

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