The MRI Bankers' Guide to Foreign Currency, www.mriguide.com

[JeffP]

The 'catalog' is used by banks & currency exchanges
from the Monetary Research Institute in Houston TX
published quarterly $225 Yearly /$56.25 issue-Paperpack magazine

http://www.mriguide.com/index.htm

About MRI


From what I get it is used by International Depts.In banks and currency exchanges to identify current world banknotes issues and any Government imposed restrictions on the import/export of currency.

It does not detail, nor provide specific info on the degree the currency is traded on the world markets, or what the market is for the currency.


From email; -currency exchange contact:
----
The guide(MRI) is just a picture guide of the currencies and any government restrictions that a country places on their own currencies. For example Malaysia does not allow their currency to trade. It does not tell you if there is a market for any of the currencies.
--

The Intel I have been getting of late on the NID, it will trade interbank when CBI and the Iraqi Government make the decision to allow the currency to be traded openly on the world markets.

One thing to remember, just because a currency is listed with Reuters,or any FX site for that matter,and gives an exchange rate does not mean that currency is widely interbank traded
(Saddam listed the rate for the IQD in the 80's & 90's as 1 USD =0.310900 IQD 1 IQD =3.21648 USD but restricted trading interbank,and the rate was
never tested on world markets)

examples: ( these are from my source at currency exchange)

Malaysia -listed but govmnt. restricts trading
Indonesia-listed limited trading ,rates quoted are nowhere near rates recieved (far less)
Venezuela -is traded but restricted by Venezulan government that only certain banks can trade the currency so the rates are also not accurate.

Columbia limited trading

Bahrain trading

Brazil restricted trading (certain banks only)

Chile limited trading

Egypt limited trading (bank restrictions)

India Trading

Jordan trading interbank

Kuwait trading interbank

Lebanon limited trading

Pakistan limited trading

Peru Limited trading

slovak rep limited trading (switching to the EURO)

south Africa trading interbank

Thailand trading interbank

Uruguay thinly traded/ extremely limited-

UAE Trading

saudi Arabia Trading (bank restrictions) does not allow the shekel(Israel) (import) into country

----


PM me for info about this catalog
I have one right in front of me. ;)
This is the Bankers and currency exchange "bible".
It is used 'across the board' for all International exchanges and banks.
;)

JeffP

[IIF-3]

On 2/24/2005, JeffP posted information about The MRI Bankers' Guide
to Foreign Currency, http://www.mriguide.com/index.htm.

I copied JeffP's and dollarsign's posts from original threads so the MRI Bankers' Guide would be in Physical Notes and Coins forum.

Best,
IIF-3

[dollarsign]

Iraq: The Central Bank is planning to issue 100,000 dinars notes, and probably 50,000 dinars too. Presently the largest note of 25,000 dinars is worth USD21.45 at the spot rate. In the long run the idea is to re-denominate the currency by chopping off three zeros. (Courtesy Wolfgang Schuster and rferl) .................................................. ............25JUN11

http://www.mriguide.com/updates.htm



$

[DoDIraq]

The US has large bills also, but only for Bank to Bank usage. If there was any real value to the Dinar, does anyone feel that these would be for public use.

[Hue Mi]

Iraq: There are two varieties in the Iraqi 25,000 dinars notes. Those dated 2003 and 2004 are heavier (1.33 g) while the 2009 and 2010 ones weigh 1.28 g.........02MAR12

http://www.mriguide.com/updates2011.htm

Posted as a factoid, not so important.

[Baghdad]

Europe has big notes too: 500 euros, 200 euros, 100 euros, 50 euros, 20 euros, 10 euros, 5 euros.