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  1. #1
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    Exclamation 50,000 dinars = 100 dollars? 5-19-2015

    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.

  2. #2
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    This is a combination of LOP and RV right?

  3. #3
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    equivalent exchange rate of 500-1,,,would be nice start if true

  4. #4
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    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."

    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.

    Last edited by BatmaninIraq; 05-21-2015 at 10:47 PM.

  5. #5
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    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]
    [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."[/ltr]
    [ltr]
    To see that a member of the parliamentary Finance Committee 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 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]
    [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 thousand dinars will cost $ 60 if the international companies sober adopted in printing process.

  6. #6
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    Link please!!!

  7. #7
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    Quote Originally Posted by pirata View Post
    Link please!!!
    http://translate.google.com/translat...w.iraqhurr.org

  8. #8
    Supporter and Investor! haggisbasher's Avatar
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    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.
    Last edited by haggisbasher; 05-25-2015 at 06:51 PM.

  9. #9
    Supporter and Investor! oldskiier's Avatar
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    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 !! ...
    Last edited by oldskiier; 05-26-2015 at 04:05 AM.

  10. #10
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    Quote Originally Posted by oldskiier View Post
    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).

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