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View Full Version : 50,000 dinars = 100 dollars? 5-19-2015



BatmaninIraq
05-19-2015, 10:12 PM
Iraq .. paper of class 50 thousand dinars to boost trade

CBI plans to paper currency a new category of 50 thousand dinars raised to reduce the control of the dollar on the business dealings. The new currency and meet the market needs of large denominations which are equivalent to about $ 100.

BatmaninIraq
05-19-2015, 10:34 PM
This is a combination of LOP and RV right?

Brazileiro
05-20-2015, 01:12 AM
equivalent exchange rate of 500-1,,,would be nice start if true

BatmaninIraq
05-21-2015, 08:45 PM
The new currency category 50 Thousand carry tamper-proof specifications

Author: Publisher on: May 21, 2015 In: economy Views: 275 views

BAGHDAD / Center Brief for the Iraqi Media Network (IMN) Finance Committee member Abdul Qader Mohammed said that the issuance of new editions of the coin fifty thousand class will be designed in accordance with the distinctive techniques by specialists to prevent the possibility of forgery.

He said Muhammad's (IMN) that "the new currency will be launched soon in accordance with regulations and modern techniques and under the supervision of specialized technicians and design N fraud," pointing out that "the new currency will compete with other currencies in the internal handling of the Iraqi market."

He explained that "the new currency strength will add liquidity and raise the cash value, as well as it will be an important factor to improve thenational economy (http://www.alibris.com/search/books/isbn/9781314272949)."

Rasheed Bank and announced near practiced Activity auction of foreign currency in order to strengthen the Iraqi dinar against the dollar, as he emphasized the economic and investment commission parliamentary member of the Charter of Hamdi earlier, the bank printed new financial category worth fifty thousand dinars will be traded soon.

BatmaninIraq
05-25-2015, 12:34 AM
Economists talk about the effects of the new categories of printed currency[/ltr]


24/05/2015

Vary the views of specialists in economic affairs about the new currency printed class 50 thousand and 100 thousand dinars in the local economy and business dealings effects.[/ltr]

In his interview with Radio Free Iraq, Economic Adviser to the Prime Minister the appearance of Mohammed Saleh explained that "large print currency category, will direct citizens to the use of the dinar instead of the dollar," he said, adding that "this will strengthen the payments system within the dinar against foreign currencies."

To see that a member of the parliamentary Finance Committee (http://www.alibris.com/search/books/isbn/9781274614933) Jabbar Abdul Khaliq that "printed large sections of the currency will strengthen the system of payments of the coin," calling "the central bank a discussion with the FinanceCommittee (http://www.alibris.com/search/books/isbn/9781274614933) in the House of Representatives on this project."
The economic lion expert Muhammad Ali has been described printed large sections of the local currency "prosthetic solutions that will work to weaken the Iraqi dinar in the market process, and burden the citizen" calling "the central bank to issue new categories Deleted zeros."
[ltr]
The parliamentary Finance Committee has asked the central bank to adopt the Kurdish language in printed new currency, note that the central emphasized that printed cash Category 50 (http://stat.dealtime.com/DealFrame/DealFrame.cmp?bm=866&BEFID=96392&acode=883&code=883&aon=&crawler_id=1935103&dealId=_fsOzrpVRcQ_xNR1CZDVvQ%3D%3D&searchID=&url=http%3A%2F%2Fwww.cafepress.com%2F%2B%2C3548742 48%3Futm_content%3DChannelAdvisor_US_shopping2%26u tm_medium%3Dproductfeed%26utm_source%3DCSE&DealName=CafePress%20Category%2050%20Birthday%20Jo urnal&MerchantID=523885&HasLink=yes&category=0&AR=-1&NG=1&GR=1&ND=1&PN=1&RR=-1&ST=&MN=msnFeed&FPT=SDCF&NDS=1&NMS=1&NDP=1&MRS=&PD=0&brnId=2455&lnkId=8070676&Issdt=150524050406&IsFtr=0&IsSmart=0&dlprc=15.0&SKU=354874248_100) thousand dinars will cost $ 60 if the international companies sober adopted in printing process.

pirata
05-25-2015, 01:46 AM
Link please!!!

BatmaninIraq
05-25-2015, 04:21 AM
Link please!!!

http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.iraqhurr.org

haggisbasher
05-25-2015, 05:45 AM
Is this saying the exchange rate could be ? 500-1.00.very possible,then float the IQD.
I think this is in the mix.with the investment Law. This is a great plan and would work.

The sooner the IMF pay that 6 Billions to private banks to kick start the ecconomy.
Great plan,then things will start moving.

oldskiier
05-26-2015, 03:01 AM
I think I have this figured out.... They plan on printing new notes of 50,000 & 100,00 ... and then lop zeros making all their notes valued at face value less the zeros !! ... they will have a 5,000 dinar note worth 5 Dinar..= 5 USD ... an so forth up to a 100,000 note worth 100 Dinar valued at 100 USD .... then they will take a few years to print complete new notes without zeros !! :) JMHO !............ This is the start of the "LOP& RE-PRINT" !! There is NO "RV" Here Just a simple LOP no Value Change !! ...

BatmaninIraq
05-26-2015, 05:15 AM
I think I have this figured out.... They plan on printing new notes of 50,000 & 100,00 ... and then lop zeros making all their notes valued at face value less the zeros !! ... they will have a 5,000 dinar note worth 5 Dinar..= 5 USD ... an so forth up to a 100,000 note worth 100 Dinar valued at 100 USD .... then they will take a few years to print complete new notes without zeros !! :) JMHO !............ This is the start of the "LOP& RE-PRINT" !! There is NO "RV" Here Just a simple LOP no Value Change !! ...

Second on the vertical level: restructuring and currency composition
- What was the big category amounting to 25,000 dinars form alone (two-thirds of the amount of securities
Traded), the issuance of the largest categories mean the reduction of four billion securities traded cash
Now converted into a number equal to (1.180) billion banknotes. As Stakhtzl categories
Large currency of approximately 90 - 80% of the total exported to the new categories%
Trading (200 100 categories such as 0.50 new dinars).

BatmaninIraq
06-07-2015, 03:51 AM
Parliamentary Finance: Issue 50 categories and 100 000 dinars than reducing demand for the dollar Follow-up -oreet – attributed the parliamentary Finance Committee member Jabbar al-Abadi Central Bank of Iraq’s determination currency categories of 50 000 dinars and 100 000 dinars to reduce the demand for the dollar version. Abadi said,

“The central bank is heading for the issuance of currency worth 50 000 dinars and 100 thousand dinars and purpose to reduce the demand for the dollar and foreign currency because we observed a steady rise in the prices of foreign currencies against the Iraqi dinar.”

He pointed out that “the date put these two currencies in the markets is a matter of art back to the Central Bank.” The sources in the Iraqi Central Bank revealed the intention of the bank paper currency a new category of 50 thousand dinars and 100 000 dinars raised to reduce the control of the dollar on commercial transactions, the new currency market needs and meet the large denominations which are equivalent to about 100 Dollar.

haggisbasher
06-07-2015, 05:33 AM
Parliamentary Finance: Issue 50 categories and 100 000 dinars than reducing demand for the dollar Follow-up -oreet – attributed the parliamentary Finance Committee member Jabbar al-Abadi Central Bank of Iraq’s determination currency categories of 50 000 dinars and 100 000 dinars to reduce the demand for the dollar version. Abadi said,

“The central bank is heading for the issuance of currency worth 50 000 dinars and 100 thousand dinars and purpose to reduce the demand for the dollar and foreign currency because we observed a steady rise in the prices of foreign currencies against the Iraqi dinar.”

He pointed out that “the date put these two currencies in the markets is a matter of art back to the Central Bank.” The sources in the Iraqi Central Bank revealed the intention of the bank paper currency a new category of 50 thousand dinars and 100 000 dinars raised to reduce the control of the dollar on commercial transactions, the new currency market needs and meet the large denominations which are equivalent to about 100 Dollar.

Does this say to you that 1,000,000.IQD = 1,000.USD.that would be a increase in IQD.value
Thats a Profit of $16:5. to the million thats a start in the right direction, IMO the goverment need to get these important laws voted & enacted with ISIS expelled for Iraq before they introduce the IQD to the FOREX@1IQD.