Iraqi Dinar Discussion Board

[Mr. Bill]

more guru bla bla bla... how does one DELETE THE ZEROES (in any variation thereof) and PRINT 50K and 100K notes? Pure nonsense as these concepts contradict each other!

3-20-2015 Newshsound Guru American Contractor This year, the Central Bank has two goals. Both were initially reported in the media in 2004. First one being, the deletion of the zeros and the second, restructuring the category of the banknotes. You will see the Central Bank remove banknotes from circulation with a window for execution. More than likely, they will once again, follow a 60 day window of exchange, just like they did for the fifty dinar banknotes. You will also see new categories being introduced like the 50k and the 100k banknotes. The Central Bank will definitely be restructuring their current banknote categories like the 250, 500, 1000, 10,000, 25,000. [Post 2 of 2]

3-20-2015 Newshound Guru American Contractor …they printed approximately one trillion of the 50 dinar banknotes. A small amount compared to the 68 trillion in circulation. The current Central Bank reports outlined how the money supply has increased in January 2015 by 4 trillion dinars. The delete the zeros project or the printing of new Iraqi dinar currency has not started and will not start until the green light is given by the Government. The Central Bank has to have authorization from the Iraqi parliament to print the new categories of the Iraqi dinar currency. Recently, the Central Bank stopped the currency auctions because it was decreasing the foreign currency reserves. We know this because Hoshyar Zebari, Iraq Minister of Finance stated on February 27, “Iraqi Central Bank’s reserves of hard currency (USD) fell to $68 billion which decreased 12.5% or $9.7 billion. This year, the Central Bank has two goals…[Post 1 of 2 stay tuned for the rest of the story…]

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