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  1. #1
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    Central Bank Rejects Redenomination of Dinar (May 9, 2015)

    Central Bank Rejects Redenomination of Dinar

    May 9, 2015

    The parliamentary economic and investment commission has reportedly said that the Central Bank of Iraq (CBI) is not able to redenominate the Iraqi dinar, deleting the three zeros.

    According to a report from Shafaq News, this is “due to the unstable economic situation.”

    Instead, new banknotes worth 50,000 dinars are to be printed, while the introduction of a new
    100,000 dinar note is to be postponed.

  2. #2
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    IMO they just wanted to replaced those damaged currency, and they're going to revalue the IQD soon

    co'z if they want to loop they could do it right away, but they can't because they want to have their currency to have a PURCHASING POWER like I said 1:1 ratio will come...

  3. #3
    Supporter and Investor! oldskiier's Avatar
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    Well this tells me the Lop will happen very soon !! ... throwing off the speculators !! ...The Lop would not hurt their economy one bit ! .....jmho

  4. #4
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    Quote Originally Posted by oldskiier View Post
    Well this tells me the Lop will happen very soon !! ... throwing off the speculators !! ...The Lop would not hurt their economy one bit ! .....jmho
    now i can tell you directly that no LOP will happen all investors would be happy and happier soon....

  5. #5
    Supporter and Investor! haggisbasher's Avatar
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    Been waiting for the ESX to open,its as if they are waiting on the investment law.
    Was reading that the 6billion dollar loan is going to all privatebanks to fund projects.
    This ir the big wait.

  6. #6
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    Quote Originally Posted by oldskiier View Post
    Well this tells me the Lop will happen very soon !! ... throwing off the speculators !! ...The Lop would not hurt their economy one bit ! .....jmho
    I agree 100% but why printing a new
    50,000 note.It looks like a waste of
    time and money.please anybody!!

    Thanks!!

  7. #7
    Supporter and Investor! oldskiier's Avatar
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    Quote Originally Posted by BatmaninIraq View Post
    now i can tell you directly that no LOP will happen all investors would be happy and happier soon....
    I Can Tell "YOU" Directly......I have been here long enough to know better than that :P...... LOL

  8. #8
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    Quote Originally Posted by oldskiier View Post
    I Can Tell "YOU" Directly......I have been here long enough to know better than that :P...... LOL
    you will see my DEAR FRIEND just relax everything will be okay..... AL-WARKA, DINAR AND STOCKS....

  9. #9
    Supporter and Investor! millionairetobe71's Avatar
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    Quote Originally Posted by BatmaninIraq View Post
    you will see my DEAR FRIEND just relax everything will be okay..... AL-WARKA, DINAR AND STOCKS....
    DUDE.....

    You are worse than the weatherman.....

    Sure...... I am being relax and ok since 2005.... When I was on my first deployment and you were sipping Pina Colada while listening to Jimmy Buffet song by the beach.....
    "We are ready for an unforeseen event that
    may or may not occur." --Al Gore, VP :swear:

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