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Finance Committee: the central bank to issue any financial category offset by the withdrawal of clas

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duck2000
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Finance Committee: the central bank to issue any financial category offset by the withdrawal of clas

Post by duck2000 on Tue 17 Nov 2015, 6:56 am

[size=18]November 17, 2015
 
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Our economy / Baghdad
Detection of the Finance Committee member Abdul Qader Mohammed, Tuesday, for the withdrawal of 25 thousand dinars compared to the category of the new category issued by the Central Bank, as he emphasized that the issuance of the fifty thousand category will make it easier to deal in Iraqi dinars at home to reduce the trend towards the dollar.
Mohammed said: Pentecostal group that issued by the Central Bank does not have any negative impact on fiscal policy in Iraq.
He stressed that the Iraqi currency dealing will be closer to deal private dollars for businesses which use large amounts of money where it is most dealing in Iraqi dinars existence of 50 thousand class.
He added that the issuance of this category will make it easier to deal in Iraqi dinars to be at home in the biggest turnout of the dollar, which have an impact on reducing the trend towards last
He disclosed that a new class is issued by the central bank in return will withdraw the class 25 000 or 10 000.
Little, the central bank announced in November 201 511 for issuing banknotes category 50 000 dinars dimensions of 65 mm width, 156 mm length and predominantly light brown except Framework decorations that took bold color were printed using the superior quality of the printing paper with A number of security and the technical marks.
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Re: Finance Committee: the central bank to issue any financial category offset by the withdrawal of clas

Post by Pig-Pen on Tue 17 Nov 2015, 9:27 am

Hmmmmmm......... This part, (He disclosed that a new class is issued by the central bank in return will withdraw the class 25 000 or 10 000.)  is he talking about the 50K or is he talking about the lower denoms that they will put out?
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Re: Finance Committee: the central bank to issue any financial category offset by the withdrawal of clas

Post by Lobo on Tue 17 Nov 2015, 1:29 pm

Putting some of these articles together, there is no consistency.  I just hope they don't pull in the notes like they did earlier, I can't remember the amount of the note, but they gave a time period and people here in the US were sending the notes to, I believe the Treasury Vault, to take them to Iraq to exchange them at face value.

scratch
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Re: Finance Committee: the central bank to issue any financial category offset by the withdrawal of clas

Post by Screwball on Tue 17 Nov 2015, 1:43 pm

The heading says it all
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Re: Finance Committee: the central bank to issue any financial category offset by the withdrawal of clas

Post by Screwball on Tue 17 Nov 2015, 3:32 pm

If all goes to plan will all be over in jan! Or before!
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Re: Finance Committee: the central bank to issue any financial category offset by the withdrawal of clas

Post by Screwball on Tue 17 Nov 2015, 3:34 pm

Coins removed in jan and now hopefully put back with new rate!
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Re: Finance Committee: the central bank to issue any financial category offset by the withdrawal of clas

Post by Lobo on Tue 17 Nov 2015, 3:43 pm

I just reread the article and it talks about the Iraq economy and how dealing in the market will be easier.  Maybe the withdrawal of the 10,000 and/or 25,000 is for in country, as these denominations come into the bank, they are taken off the market.  We know they are withdrawing the currency from the market, they are going to do something the 1st half of 2016 and the IMF said Iraq would return to a market economy.  The people need currency to shop with, etc., and without liquidity in the market and with the customs/tariff, it will be even more difficult.  Keeping the prayers going.
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Re: Finance Committee: the central bank to issue any financial category offset by the withdrawal of clas

Post by Neno on Tue 17 Nov 2015, 7:15 pm

AT HOME!!


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Re: Finance Committee: the central bank to issue any financial category offset by the withdrawal of clas

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