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ChinaGirl
02-26-2015, 12:40 PM
Central Bank announces the withdrawal of 50 dinars a class of trading (http://www.alsumaria.tv/news/126132/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D8%B9%D9%84%D9%86-%D8%B9%D9%86-%D8%B3%D8%AD%D8%A8-%D9%81%D8%A6%D8%A9-50-%D8%AF%D9%8A%D9%86%D8%A7%D8%B1-%D9%85/ar)


Thursday February 26, 2015 14:35


http://www.alsumaria.tv/newsimages/NB-126132-635605474329421983.jpg



Alsumaria News / Baghdad
said the Iraqi Central Bank, on Thursday, for the withdrawal of currency 50 dinars category of trading, indicating that the replacement will continue for two months. The bank said in a statement received " Alsumaria News (http://www.alsumaria.tv/Entity/133473/%D8%A7%D9%84%D8%B3%D9%88%D9%85%D8%B1%D9%8A%D8%A9-%D9%86%D9%8A%D9%88%D8%B2?utm_campaign=magnet&utm_source=magnet_article_page&utm_medium=entity_name) ", a copy of it, he was" given to stop the public from trading paper Cash category 50 dinars, he decided to withdraw this banknote trading based authorized to article 36 of the powers of the Bank Act No. 56 of 2004 ". The bank added that "the banks and their branches will start replacing these banknotes presented to it and without fee or commission," noting that "banks will deposited with the bank and its branches for the purpose of being the equivalent value in the accounts we have. "
The Bank noted that "the term that will replace these banknotes will begin on the first of March to 30 of April next," stressing that "the end of the period of replacement will be banknote void and have no discharge power will not be accepted in Iraq." It is noteworthy that the bank CBI issued after 2003 and banknotes from the category of 50 dinars, but he is not traded due to the high prices of the products offered in the market









http://www.alsumaria.tv/news/126132/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D8%B9%D9%84%D9%86-%D8%B9%D9%86-%D8%B3%D8%AD%D8%A8-%D9%81%D8%A6%D8%A9-50-%D8%AF%D9%8A%D9%86%D8%A7%D8%B1-%D9%85/ar

ChinaGirl
02-26-2015, 02:17 PM
So is this a ploy ... whereas we are to say "holy crap what's next, the 250's the 500"s ?" and turn in all our cash for exchange with a dealer / bank, or better yet, open a new bank account in Iraq ...ya right ... I have 30 of the little devils - I remember when there was a time everyone wanted smaller denoms. Peeps were hoarding the 50's etc. The theory ... if a slow reval occurred you only wanted to cash in slowly (low denoms) - leaving the large for the higher rate.

Well... looks like we're taking on sand from all sides now ... Banks Closing / Currency withdrawals /ISX flat (is it even open LOL)

Side Note: This will certainly have new comers thinking twice about speculating on IQD cash.

Interesting times - still enjoying the ride )))

HumbleGenius
02-26-2015, 05:28 PM
As the great Peter Griffin would say. This is a good tme for a song by The Doors.

http://www.youtube.com/watch?v=JSUIQgEVDM4

ChinaGirl
02-26-2015, 06:08 PM
As the great Peter Griffin would say. This is a good tme for a song by The Doors.

http://www.youtube.com/watch?v=JSUIQgEVDM4


indeedly doodly ... oops wrong show

https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcSQ64Ito_pTE0BnT4gXA3pMvTBm9TMfa 8kU9i99zY-PjsrqLR0yfQ (http://www.google.ca/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=&url=http%3A%2F%2Fjeebboo.com%2F%3Fp%3D5352&ei=RG_vVIOhJcbIsQTgmoLACQ&bvm=bv.86956481,d.cWc&psig=AFQjCNHqKGPjS7ki3xj_ku9_fpHT4-w52w&ust=1425064132891441)

calstar
02-26-2015, 10:06 PM
So is this a ploy ... whereas we are to say "holy crap what's next, the 250's the 500"s ?" and turn in all our cash for exchange with a dealer / bank, or better yet, open a new bank account in Iraq ...ya right ... I have 30 of the little devils - I remember when there was a time everyone wanted smaller denoms. Peeps were hoarding the 50's etc. The theory ... if a slow reval occurred you only wanted to cash in slowly (low denoms) - leaving the large for the higher rate.

Well... looks like we're taking on sand from all sides now ... Banks Closing / Currency withdrawals /ISX flat (is it even open LOL)

Side Note: This will certainly have new comers thinking twice about speculating on IQD cash.

Interesting times - still enjoying the ride )))

Oh No!!! I have 2.2mil of those lil buggers:eek:

Will-it-happen?
02-26-2015, 11:29 PM
I will post my 100k to Iraq and see if Warka will credit them to my account

ChinaGirl
02-26-2015, 11:30 PM
Oh No!!! I have 2.2mil of those lil buggers:eek:

l
Looks like you've got 60 days to unload them - try the dinar buying sites - value ?? who knows ?? I'll keep mine as souvenirs - with the coins they withdrew earlier LOL - My nieces and nephews can create a school project with it "Iraq's worthless currency of the past present and future" LOLOLOL

ChinaGirl
02-26-2015, 11:31 PM
I will post my 80k to Iraq and see if Warka will credit them to my account

How do dat ?

Will-it-happen?
02-26-2015, 11:35 PM
How do dat ?


The same way i sent my ID to them so I could trade on the ISX

DHL !!!!!!

(although in this case I shall rely on the Royal Mail, 100k of 50 dinar notes currently sitting in a used toaster box ready to go tomorrow !!!)

Will-it-happen?
02-27-2015, 12:02 AM
OH NO !!!

from Royal Mail website :

Prohibited itemsProhibited products are not permitted in the mail under any circumstances.


Items containing coins, bank notes, currency notes or securities of any kind payable to bearer, travellers' cheques
Platinum, gold or silver, whether manufactured or not, precious stones, jewels or other valuable articles.
Cameras, Laptop computers, mobile phones

ChinaGirl
02-27-2015, 12:10 AM
OH NO !!!

from Royal Mail website :

Prohibited items

Prohibited products are not permitted in the mail under any circumstances.


Items containing coins, bank notes, currency notes or securities of any kind payable to bearer, travellers' cheques
Platinum, gold or silver, whether manufactured or not, precious stones, jewels or other valuable articles.
Cameras, Laptop computers, mobile phones



Also, was there not a note from Warka / Mr. I - under no circumstances should we send cash IQD to Warka - it was illegal etc.... I'm sure that ref. is here somewhere - slow down ... you may be able to sell it to a dinar site - check first ...just say'n - hold it .. what's a 100K worth ..about 60-100 USD ? hmmm ... not sure what I'd do ? hardly worth the effort ??

calstar
02-27-2015, 12:15 AM
l
Looks like you've got 60 days to unload them - try the dinar buying sites - value ?? who knows ?? I'll keep mine as souvenirs - with the coins they withdrew earlier LOL - My nieces and nephews can create a school project with it "Iraq's worthless currency of the past present and future" LOLOLOL

I have account with Credit Bank of Iraq in New York but don't if they would take them. They will tell me to go Iraq and deposit them.

Will-it-happen?
02-27-2015, 12:19 AM
Also, was there not a note from Warka / Mr. I - under no circumstances should we send cash IQD to Warka - it was illegal etc.... I'm sure that ref. is here somewhere - slow down ... you may be able to sell it to a dinar site - check first ...just say'n - hold it .. what's a 100K worth ..about 60-100 USD ? hmmm ... not sure what I'd do ? hardly worth the effort ??


It was me , a couple of years ago , who got a response from Mr I saying they would confiscate it for sure.

I was thinking in posting it anyway .............. (12 to send it, maybe they may get it , however I wonder if ALL parcels are opened at the sorting office)

Also if I get a response from Warka regarding it then at least we know theres someone still in

Will-it-happen?
02-27-2015, 12:20 AM
I have account with Credit Bank of Iraq in New York but don't if they would take them. They will tell me to go Iraq and deposit them.

Credit Bank of Iraq in New York ????? How did you manage to open an account there ?

calstar
02-27-2015, 12:44 AM
Credit Bank of Iraq in New York ????? How did you manage to open an account there ?

It was 10 years ago when I working in Kuwait. I went to NBK in Kuwait city and open it thru them.

calstar
02-27-2015, 12:47 AM
I just send an email to CBI for instructions about shipping 50 dinar notes back to them to be put in bank accounts in Iraq.

HumbleGenius
02-27-2015, 10:04 AM
Dear Sir or Madam, can you please assist me w learning how I can deposit smuggled currency back into an Iraqi bank?
Sincerely,
Rocket Science Johnny

ChinaGirl
02-27-2015, 11:43 AM
Dear Sir or Madam, can you please assist me w learning how I can deposit smuggled currency back into an Iraqi bank?
Sincerely,
Rocket Science Johnny

LOL - very funny ))))))))))

ChinaGirl
02-27-2015, 11:50 AM
Why is no one just calling the "buy back guys" ? - might take a hit ... but really - blindly mail /courier a box of money back into Iraq ?? - that has nightmare written all over it. Warka bank address is likely a hollow shell at this point - my guess is that your Warka emails are going to Turkey / Jordan - where all our money probably is. CBI will never get back to you - that's been tried hundreds of times over the years - we're on the ignore list. Maybe you'll be the lucky one to gat a response ??

dinar_dude
02-27-2015, 12:27 PM
Think of the pandemonium this'll create when they start exchanging the 25k and 10k denominations...

calstar
02-27-2015, 04:29 PM
Why is no one just calling the "buy back guys" ? - might take a hit ... but really - blindly mail /courier a box of money back into Iraq ?? - that has nightmare written all over it. Warka bank address is likely a hollow shell at this point - my guess is that your Warka emails are going to Turkey / Jordan - where all our money probably is. CBI will never get back to you - that's been tried hundreds of times over the years - we're on the ignore list. Maybe you'll be the lucky one to gat a response ??

I would love to call
the buy back guys but got all my dinars in Kuwait.

Will-it-happen?
02-27-2015, 10:52 PM
anybody going to iraq in the next week ?

ChinaGirl
03-01-2015, 01:33 PM
anybody going to iraq in the next week ?


Just FYI - some people reporting Airport currency exchange depots will take the 50"s (for now) ... strange - back in the day we were paying a premium for small denoms - complete 180 here now

ChinaGirl
03-01-2015, 02:28 PM
Also... some saying (read speculating) 50 exchange is a test for things to come ...& USD exchange pulled or reduced so citizens don't just convert to USD and in turn open new accounts and / or make local purchases - who knows ?... nice to see movement for a change, CBI sat around with their thumbs up their bums and their minds in neutral for eons.

Will-it-happen?
03-01-2015, 04:40 PM
will the Iraqi consulate take the 50's ?

ChinaGirl
03-01-2015, 06:16 PM
will the Iraqi consulate take the 50's ?

Hmmm... maybe, I saw a nice lamp in their lobby - I wouldn't pay more than a 100K IQD for it though, it looks shady. Rumor has it that it survived the first Desert Storm - we're experiencing the second.