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  1. #11
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    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.

  2. #12
    Supporter and Investor! haggisbasher's Avatar
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    Quote Originally Posted by BatmaninIraq View Post
    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.
    Last edited by haggisbasher; 06-07-2015 at 05:42 AM.

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