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Central Bank: the issuance of three categories of cash in 2017

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wciappetta
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Central Bank: the issuance of three categories of cash in 2017

Post by wciappetta on Tue Jun 23, 2015 12:10 pm

I doubt the 2017 reference however the denominations are correct


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June 23, 2015

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BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - Director General of the version number and inventories at the CBI Ihsan Yasiri delete the zeros of the Iraqi currency and a national project to feminine Iraqi currency, likely work on the project early in 2017.

"The Yasiri (IMN) that" the central bank began to develop the study of new designs for the currency after the removal of zeros it, "noting that" the deleted currency zeros will deliberate for Sntn in the local markets, as the bank continues to center to pull the old category of the currency over ten years. " .

He continued that "it is likely the launch of the new category from the beginning of the currency in 2017 because there are a number of opponents of the project," pointing out that "monetary Asaddaramlat category 50, 100 and 200 to ease trading burdens currency after deletion of zeros, as well as the provision of liquidity to the means of transportation of currency."

The Iraqi Central Bank decided earlier, re-exchange companies deprived of the central auction of the coin and the end of their sentences.

The central bank decided to open a window at his headquarters in Baghdad to meet delegates and scholars requests abroad in dollars and the official price.

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Re: Central Bank: the issuance of three categories of cash in 2017

Post by Proven on Tue Jun 23, 2015 12:39 pm

I like the word after.
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Re: Central Bank: the issuance of three categories of cash in 2017

Post by sassy on Tue Jun 23, 2015 1:32 pm

yes   Sounds good to me!!!
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Re: Central Bank: the issuance of three categories of cash in 2017

Post by wciappetta on Tue Jun 23, 2015 1:37 pm

He continued that "it is likely the launch of the new category from the beginning of the currency in 2017 because there are a number of opponents of the project," pointing out that "monetary Asaddaramlat category 50, 100 and 200 to ease trading burdens currency after deletion of zeros,as well as the provision of liquidity to the means of transportation of currency."

Think about this in conjunction with the investment law, HCL and foreign direct investment in general, IMO it shows the timing.... and when do they need this infusion of investment? You got it right now....


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Re: Central Bank: the issuance of three categories of cash in 2017

Post by noced71 on Tue Jun 23, 2015 2:32 pm

wait.. am I reading this right, they are saying the deletion of zeros and smaller categories in 2017 :-( ? Not to be impatient but I thought we were looking at between Jul and Aug? Thoughts?
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Re: Central Bank: the issuance of three categories of cash in 2017

Post by weslin3 on Tue Jun 23, 2015 3:02 pm

noced17, did you see what ward was saying at the beginning? 

"I doubt the 2017 reference however the denominations are correct"

I also feel this way about the 2017 date..
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Re: Central Bank: the issuance of three categories of cash in 2017

Post by noced71 on Tue Jun 23, 2015 3:50 pm

Thanks Weslin, I did miss ward's comments, but still don't like the article. Hope is just smoke.
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Central Bank: the issuance of three categories of cash in 2017

Post by lonelyintexas on Tue Jun 23, 2015 4:16 pm

Central Bank: the issuance of three categories of cash in 2017

Publisher on:June 23, 2015

BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - Director General of the version number and inventories at the CBI Ihsan Yasiri delete the zeros of the Iraqi currency and a national project to feminine Iraqi currency, likely work on the project early in 2017.


"The Yasiri (IMN) that" the central bank began to develop the study of new designs for the currency after the removal of zeros it, "noting that" the deleted currency zeros will deliberate for Sntn in the local markets, as the bank continues to center to pull the old category of the currency over ten years. " .
 
He continued that "it is likely the launch of the new category from the beginning of the currency in 2017 because there are a number of opponents of the project," pointing out that "monetary Asaddaramlat category 50, 100 and 200 to ease trading burdens currency after deletion of zeros, as well as the provision of liquidity to the means of transportation of currency."
 
The Iraqi Central Bank decided earlier, re-exchange companies deprived of the central auction of the coin and the end of their sentences.
 
The central bank decided to open a window at his headquarters in Baghdad to meet delegates and scholars requests abroad in dollars and the official price.
 
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What I find interesting in this article is the divisions of currency they are talking about.
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Re: Central Bank: the issuance of three categories of cash in 2017

Post by Diamond on Tue Jun 23, 2015 4:27 pm

yes hum tongue
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Re: Central Bank: the issuance of three categories of cash in 2017

Post by Lobo on Tue Jun 23, 2015 4:58 pm

The CBI has stated in the past that the "old" and "new" currency would run "side-by-side" (both in the market place) until the old currency is completely withdrawn.  They could RV at anytime, since it seems the "rules" change "on a whim" and the IMF is working with the CBI.

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Re: Central Bank: the issuance of three categories of cash in 2017

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