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Thread: Revitalizing and activating the value of small groups of currency

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    Default Revitalizing and activating the value of small groups of currency


    Issue 548 independent political daily newspaper-Sunday, September 16, 2007
    CBE: Plan for the revitalization of small groups of local currency
    Citizens demanding those responsible action to activate the value of the currency in small groups
    بتطبيقها.
    Officer: in all countries of the world are dealt Sagbreh categories according to the laws laid down by the State and begin to apply it.
    موظف : الحال انعكس على اجور النقل ،فاصبحت اقل اجرة لباصات وسيارات النقل الخاص بمبلغ 250 دينارا.
    Officer: as reflected in the wages of transport, becoming less of taxi buses and private cars at 250 dinars.
    المواطن/عمار امين
    Citizen / Ammar Secretary
    استقطاع مبلغ اكثر من المقرر عند شرائه حاجة ما...
    * Citizens demanded those responsible action to activate the value of the currency in small groups in the local market to create a balance of the purchase of foodstuffs and consumer goods all ... They poll conducted by the (citizen) to the dimensions of these categories of commercial dealing in the sale and purchase affected psychologically the simple citizen who feel disadvantaged when deducting a sum more than scheduled when bought as needed ...
    For his part, reported Egypt official in the Iraqi Central Bank that the bank develop a plan in this regard to create a balance of cash exchanges and the revival of small groups of local currency such as those designed to raise the value of the Iraqi dinar against the dollar earlier.
    Says 34-year-old Ahmed Peace / officer in the Directorate of electricity Karkh: "forcing citizens to pay 50 or 100 dinars over the amount specified for the need for one reason is not to take this category owner When asked why the answer to dealers Alshorgh and beautiful to Aitahamlon never." He added: "This is certainly the case these categories lost value in the market as well as in the street because the issue take gradual phase which requires actors to play a responsible role in the revival and activation of these categories."

    العملة المحلية".
    He pointed out: "The case was reflected in the wages of transport .. becoming less of taxi buses and private cars at 250 dinars capacity 44 passengers." He called for: "quick passing laws to contain the phenomenon and activate the value of small groups of the local currency."
    ممن جهتها اوضحت وسن كاظم/موظفة في قطاع الاتصالات :"ان مسالة تجاوز الفئات الصغيرة من التعامل وصلت الى دوائر الدولة ايضا وذلك للحالة الواضحة عند استلام الموظفين رواتبهم".
    By age who explained Kazem / employee in the telecommunications sector: "The question beyond small groups to deal arrived in the State and also to clear the case upon receipt of the staff salaries."
    و
    And she says: "For more than a year and we receive Ruatbena without small groups although the salaries are small groups and codified in record salaries .. For example allowance of 218,165 dinars, and when the distribution exceeds official latter figure accounts for the lack of cash small groups." host: "I agree with the others to 165 dinars for purchasing cattle in the market now, but the problem has a negative impact on prices and wages transportation, and here begins Drew government to solve the problem."
    وتابعالحلول لها".
    It continued: "all nations of the world are dealt Sagbreh categories according to the laws established by the state and begin applying practical imposed on the citizen and the seller and taxi driver dealt with as part of the elements of the national economy of those countries." Stressing: "the need to be heeded officials in the Central Bank of Iraq to this crisis, follow-up and find solutions to them. "
    اما عقيل صادق محمد/محاسب في احدى شركات وزارة الصناعة والمعادن فيؤكد ان العراقيين مبتلون ومنذ فترة دونها".مشددا على:"ان حل هذه المشكلة يحتاج الى تكاتف الجميع بدءا من المواطن ثم الحكومة".
    The Sadiq Mohammed Aqeel / accountant in one of the companies, the Ministry of Industry and Minerals confirms that the Iraqis afflicted Since the embargo in the 1990s Alaguetsidi problems currency cash .. He says: "We all recall how the groups talked counterfeit cash problems and disrupt the work of the trader and Earner and employee and the spread between their hands through transactions daily Since then, the cash currency problems in Iraq continuing. " He added: "The problem is not an accountant Chamber concerned when we receive the salary we receive small groups, but some employees to Ayeiron importance of the receipt, but only receive salary below." He stressed: "The solution to this problem everyone needs to come together from the citizen then government. "
    For his part, the economic expert that the causes of this problem are the repercussions of the current economic situation, which resulted in serious phenomena.
    وعالية دون علاجات للواقع الاقنتصادي ادت الى عزوف المواطنين عن التعامل بالفئات الصغيرة".
    He said Ahmed Khalil of the Institute of Studies economy: "The continuing rise of inflation levels j economy and the administrative and financial corruption in government departments and the speedy lifting of fuel prices in addition to the application of the policy of raising pay for any pay high without treatments of reality Alaguentesadi led to the reluctance of citizens to deal in small groups" .
    المبلغ باعشار المئات وعند البيع يكون السعر متكاملا وبالتالي اختفت الفئات الصغيرة".
    He added: "could not blame citizens to refrain from dealing these groups because it relies entirely on the business dealings reflected on the ground." Alluding to: "The Merchant brings goods at the expense of the dollar and the price of a particular commodity dinars the amount tenths hundreds When integrated sales price Thus disappeared in small groups. "
    عن السياسة النقدية".
    He continued: "The monetary policy based on the observation of this phenomenon and strangulation and restore life to those categories that are part of the national banknotes and can ignore any way." He stressed: "The current reality in Iraq requires the Central Bank of Iraq continue to diagnose the negative aspects facing the local currency as responsible for monetary policy. "
    م
    Part An official at the Iraqi Central Bank that the bank develop a plan in this regard to create a balance of cash exchanges and the revival of small groups of local currency such as those designed to raise the value of the Iraqi dinar against the dollar earlier.
    وقال:مقاييس البلدان النامية مما يضع على عاتق السياسات النقدية مهمات اضافية".
    He said: "The new Iraqi currency is still subjected to illegal practices, including work on reducing financial exchanges at home by overcoming small groups, which means confuse the national economic situation and these operations stand behind views hostile to Iraq." He added: "The bank still faces the traditional environment in terms of standards and the degree of growth in revenues and payment receipt is developing standards which puts on the monetary policy additional tasks. "
    واشار الى:"ان هذا امر صعب لاحتياجه الى عوامل بشرية تخصصية وعوامل مادية تدفع بمتطلبات المال المدني الى امام وبخطوات اسرع".
    He pointed out: "This is a difficult requirement to human factors specialist and physical factors paid to the requirements of civil money to the faster pace."

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    any speculation as to what this says? IMO they
    want smaller denoms to be worth something!

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    GOOD FIND... i still got the records in forumplex haha
    I'm not giving up till i'm successful. Iraq is an investment that will make us millions however it might take time. Click here to Laugh Click here to get Scared Know any good stocks? PM me the Symbol. Genius STUDY MY LIFE IT WILL MAKE YOUR RICH>>HERE<<

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    This IS good news, ahhh, I feel better!

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    Quote Originally Posted by mike032588 View Post
    GOOD FIND... i still got the records in forumplex haha
    yeah yeah :swear: , I will make a comeback LOL!

    Quote Originally Posted by Crow View Post
    This IS good news, ahhh, I feel better!
    atleast they are putting some pressure on the CBI, I think
    thats a good thing, maybe

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    Quote Originally Posted by Crow View Post
    This IS good news, ahhh, I feel better!
    This is a NEW article, just letting the people know I guess, why not move the rate! The banks are loaded and ready to go, just do something! Can't wait for the HCL!

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    [quote=JPmonopoly;475430]

    م

    Part An official at the Iraqi Central Bank that the bank develop a plan in this regard to create a balance of cash exchanges and the revival of small groups of local currency such as those designed to raise the value of the Iraqi dinar against the dollar earlier.

    وقال:مقاييس البلدان النامية مما يضع على عاتق السياسات النقدية مهمات اضافية".



    This sounds like they want to release some more smaller denoms?
    1 Dinar coins maybe?

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    I hold alot of the " small groups" thats why I'm excited! In the old days Oldskiier would be all over this!

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    [QUOTE=BNZI;475439]
    Quote Originally Posted by JPmonopoly View Post

    ?

    Part An official at the Iraqi Central Bank that the bank develop a plan in this regard to create a balance of cash exchanges and the revival of small groups of local currency such as those designed to raise the value of the Iraqi dinar against the dollar earlier.

    ????:?????? ??????? ??????? ??? ??? ??? ???? ???????? ??????? ????? ??????".



    This sounds like they want to release some more smaller denoms?
    1 Dinar coins maybe?
    This would be a good "cover" to bring them out now, just a thought.

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    any speculation as to what this says? IMO they
    want smaller denoms to be worth something!

    __________________


    Seems to me like they know that there is smaller denoms and they want them released so that they can at least make change.

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    I wasn't going to post but thought necessary to make a comment.

    There was an article around Jan/Feb time from the CBI discussing 'issuance of categories'. I've had a quick look but don't have time to find it. Sure someone has it saved. As the time the general feeling was once they got their Monetary Policy ready etc this would be done, (that was the gist of the article). Be good if someone could post it.......Am sure darock posted it a while ago but as I say not got time to hunt back through old stuff. Be handy to see though.

    This sounds very much like they are sick of the bigger denoms and want a return of smaller notes that they have had in the past. As this is the speculation thread IMO the lower denoms have been in the banks for over a year...........

    Good news. Now they just need to get these laws passed/receive debt relief.

    See ya later guys, am outta here. ;)


    http://www.tradingfootball.eu/


    Iraq also wants a relationship between the foreign exchange market and the Iraqi dinar.

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    heres an old article from April 07

    المواطنون قلقون من انقراض العملات الصغيرة Citizens are concerned about the extinction of the small currencies
    Baghdad-Haider spring
    Was it conceivable that citizens refrain from the exchange of a number of categories of currency for any reason, but as legal currency in violation of the law does not allow non-circulation, but it is unreasonable that some banks refuse to accept these currencies government ..!

    A number of merchants and owners of industrial occupations of those who deal with banks deposit their money in a number of bank branches of the Rafidain and Rashid asked the Ministry of Finance to intervene to solve this problem on a number of banks refusing to accept the currencies of category 250-500-1000 dinars for reasons unknown and that they sometimes unjustified. Traders pointed in their conversations "As-Sabah" They also started to refrain from receipt of such cash categories of citizens who Itbadaun of their shops business, in fear of government action may be taken by the freezing of such currencies "as saying" .., This refers to actions that the banks .. it denied Majid picture expert at the Central Bank in a statement exclusive interview with "morning" no intention of the bank to write off any of the currencies, he said, pointing out that the bank is trying to reverse that through its policy to support and strengthen the dinar against the dollar. He said the picture : that this measure "that there is already a" proof of the existence of inflation, and that there is a rise in prices .. و
    تستطيع ايداع تلك الفئات لدى المركزي.In such a case, the circulation of small currencies limited. He added the picture : This action by some governmental banks is unacceptable and totally unacceptable, and so was surprised why some banks such as long as the Central Bank accepts these categories, and many of them receive a day in addition to all banks can deposit those groups with the CBE. من جانبهم اوضح عدد من التجار لـ ”الصباح “ عن معاناتهم ازاء تكرار الحالة من

    . For their part, a number of traders to "Assabah" for their suffering at the recurrence of the situation by some banks that deal with them, indicating that many of the negatives is reflected on the reality of trade movement in general, leading to higher prices in future if the situation continues as it is.

    Said Sam Musawi "trader in the market Beautiful"
    that the impact on the movement of buying and selling "dollar" in the local market, where they are discharging each one hundred dollars of "130" thousand Iraqi dinars "pure" any of the category of "250 - or 500 or 1000", and "129" thousand dinars in the category of "rough" or "5000 or 10,000 ", or 25,000," dinars.
    .Musawi added : there are many banks affiliated to the Rafidain Bank, "refused to mention the names of those banks," located in Sadr City, specifically, are to refrain from receipt of such amounts of cash in small groups and we do not know the reasons for this, but felt that the banks to do so is to cut the amount of "3" thousands of dinars for each million, therefore, we are "forced" to pay that amount, despite the large amounts in circulation, because the sale and purchase movement continues to market beautiful, "where we met with him." Haider Shnaoh-another dealer in the market added to the beautiful - Musawi said : There is many risks, as some traders have started to refrain from selling those categories, as long as the banks are the other started to refrain from receiving, as well as fear of those traders that
    the Ministry of Finance "freeze" such categories as a result of inflation and high prices. The Shnaoh out that the market is beginning to see Arbeka caused those categories cash, in addition to officials of the financial preferred "to remain silent" about what is happening, the better citizen assured them that the legality of those categories cash.
    فالتضخم وبعكسه فان معدلات التضخم سترتفع..At the same time, economic expert warned Salman al-Azzawi, the situation is serious, considering the collapse of the Iraqi currency, "unless the Ministry of Finance and decide the issue through banks accounting brigade," in addition to the circulation of the currency to reduce the risks of inflation and reverse the inflation rates will rise ..

    .He said al-Azzawi : I call on all Iraqi banks to contribute to the eradication of the problem of the pump during the reception of those funds and not be underestimated and value material, in addition to the need to move the Central Bank to guide those banks and a clear indication of the reception and receipt of such funds "monetary small groups" without any reservation, pointing out that the market Iraqi can testify remarkable rise if the aggravation of the problem, and that the confidence of citizens currency will be unwavering, particularly since the Iraqi market known for "gestures" of share rise. لذلك ينبغي العمل على ابعاد تلك الشكوك عن العملة، وايجاد

    كي يضاعف تداولها في الاسواق ولازالة ما يثار بشأن النية باسقاط تلك الفئات النقدية.We should work to remove those doubts on the currency, and finding appropriate solutions to be returned to the Iraqi market, and called for those groups to add cash to all staff salaries and retirees, to redouble circulated in the markets and the removal of what is being said about the intention to drop those categories cash.

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    man !! Just get'er done !!
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    Quote Originally Posted by Crow View Post
    I hold alot of the " small groups" thats why I'm excited! In the old days Oldskiier would be all over this!
    Thats all I have too..50 dinar notes

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    Maybe that's what has been coming back to the CBI in buckets - the small denoms, in exchange for USD - makes sense now.

    People (banks too) keeping large (25/10/5K) for purchases and unloading small for USD.

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    Quote Originally Posted by coconut View Post
    Maybe that's what has been coming back to the CBI in buckets - the small denoms, in exchange for USD - makes sense now.

    People (banks too) keeping large (25/10/5K) for purchases and unloading small for USD.

    I started thinking about this last month when everyone was talking about the banks purchasing money.

    What if they were stocking up on smaller denom's, so when they RV, they'll be prepared!
    Wouldn't they HAVE to have "change" for the bigger bills?

    What about purchasing something small, cheap like a pack of gum or loaf of bread? Currently they round up?

    Is this similar to what we would have to do if the US got rid of the penny?
    Round up to the next nickel?

    Just thinking out loud?!
    Appreciate any comments....
    My theory has always been, that if we are to dream, the flatteries of hope are as cheap, and pleasanter, than the gloom of despair.

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    Quote Originally Posted by MyDreamFuture View Post
    I started thinking about this last month when everyone was talking about the banks purchasing money.

    What if they were stocking up on smaller denom's, so when they RV, they'll be prepared!
    Wouldn't they HAVE to have "change" for the bigger bills?

    What about purchasing something small, cheap like a pack of gum or loaf of bread? Currently they round up?

    Is this similar to what we would have to do if the US got rid of the penny?
    Round up to the next nickel?

    Just thinking out loud?!
    Appreciate any comments....
    They bought dinar with U.S dollars, I don't think physical, cash,curenncy, they sold tons of dinars for customers, also alot not physical, for dollars.If they needed small denoms they wouldn't buy them with dollars, they would exchange larger dinar denoms.Just thinking out loud also!

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    Quote Originally Posted by Crow View Post
    They bought dinar with U.S dollars, I don't think physical, cash,curenncy, they sold tons of dinars for customers, also alot not physical, for dollars.If they needed small denoms they wouldn't buy them with dollars, they would exchange larger dinar denoms.Just thinking out loud also!

    Gotcha! Thanks!

    But are there smaller demon's?
    My theory has always been, that if we are to dream, the flatteries of hope are as cheap, and pleasanter, than the gloom of despair.

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    Quote Originally Posted by MyDreamFuture View Post
    Gotcha! Thanks!

    But are there smaller demon's?
    No,..........

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    Quote Originally Posted by Crow View Post
    This is a NEW article, just letting the people know I guess, why not move the rate! The banks are loaded and ready to go, just do something! Can't wait for the HCL!
    Wouldn't that be sweet, Just like the oil companies are pushing hard to get things going maybe the people should start pushing for the currency to worth something. Forget waiting for the Gov. to do something, start a grass roots movement.








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    I would have to think there are Future. The Iraqi Government is trying to get the population to use the dinar, however like it has been stated, without the small currency to make change it is impossible. They need to circulate the smaller bills along with a reval for the population to use the dinar. It will be interesting to see if and when they start the circulation.

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