The Central Bank of Iraq has reportedly announced the production of new 50,000 IQD bills and coins from the beginning of the New Year.
The new dinar bill and coins will be printed in Arabic and Kurdish.
The Bank's Deputy Governor said that they want to produce bills of higher value than the current largest denominationi, the 25000 bill.
He explained that the coins will be produced to "make commodity marketing easier for people".
(Source: Erbil Governorate)
(Dinar image via Shutterstock)
Step right up dinar investors, get your crisp new 50,000 dinar bills for $50 each, soon to be worth $50,0000 or more depending on which scammer you fell for.
HOW WILL THIS ALL WORK OUT. IF TOMORROW THE DINAR IS WORTH $ 3 ??? I agree a few 25,000 bills everyone is a millionaire ????
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IQD sect reminiscence Jim Jones cult.
Uh-huh? Here we go again. Why would they want to make "larger" denomination bills if a revaluation was really coming?
Doesn't make any sense at all. What ever happened to dropping the zeros? This is beginning to sound like Germany in the early thirties. Pretty soon these poor saps will have to carry a shopping bag full of paper money just to buy the shopping bag.
Almost every dinar scammer has been claiming that Iraq is taking all the big bill out of circulation, trying to make people feel better about the HUGE money supply numbers posted by the CBI. It was obviously a lie, yet the "cult" (good word nemesis) swallowed it hook line and sinker. So how does Iraq now putting 50,000 dinar bills into circulation fit into the ever repeated lie from the scammers?
It is a crime how the Guru' lie to keep the poor folk buying Dinar.
Misdirection or something more sinister?
Really Iraq??!!!! A $50K bill? You guys are killing me!!!
This is unbelivable! Whatever happened to smaller denominations? I feel that my 100 Billion that I have, might not be worth even; as much as, the toilet paper I wipe with. The Iraqi Guru's have got it wrong, saying, "The revaluation is immanent, quit your job, charter a plane, and follow the North star to Atlantis."
The dinar story is becoming such a joke it's hard to tell who's serious and who's joking.
Why would you want to print more toilet paper money, smaller notes will work the same as larger ones.
It's not that hard to understand Homie.
Iraqis don't like banks. They don't trust bank. Most don't use/have checking accounts or credit cards. They are what is call a "cash based society". Simply meaning they use cash for most transactions. For inexpensive items that's no big deal, but for items costing thousounds of dollars (millions of dinar) it is a hassle to carry around a huge wad of 25,000 dinar notes. It's like a $20 bill for us. Imagine buying expensive items with cash if the biggest bill you have is a $20. There was talk at one time of issuing 100,000 dinar bills. If they continue to postpone the redenomination/lop/delete 3 zeros (all the same thing, just different description) they probably will put out a 100K note.
Not sure why you call these toilet paper. The 50,000 dinar note is basically same as our $50 bill. Is our $50 bill toilet paper?
It's interesting to hear dinaraholics costantly complain that Iraq's currency is worthless. Their currency, the bills they carry are the same we Americans use and carry. They just don't have the larger bills, but here you see they are going to add them.
stew is a clown watch what iraq is doing not what they`re saying!
https://www.iraq-businessnews.com/2013/11/28/standard-chartered-opens-branch-in-iraq/ do you guy`s really think that these banks are in iraq for them not to bring on a real rate to they`re currency soon? i want folks to just remember apple computer (steve jobs) use to be the laughing stock of the computer world (bill gates) and micro soft .7cent stock and google stock who a friend of mine let his brother in law talk him into not buying some 30yrs ago! closed at 1000 a share the last part of november these folks on here have an opinion that`s all nobody but the goverments who have signed trade agreements with iraq know for sure what`s coming and india said it best after signing they`re trade agreement with iraq NO THANK YOU WE DON`T WANT THE USD WE WANT YOUR IRAQ DINAR AS PAYMENT! if these countries want the IQD if every CORPORATION in the WORLD WANTS in on the NEW IRAQ PROJECT then those of you holding IQD NOTES just remember it`s currency and money makes the WORLD GO ROUND not stew!
Google went public 9 years ago, yet your friend was talked out buying the stock "some 30 years ago"?
LOL... I think the founders of Google were about 10 years old 30 years ago.
And I'm the clown.
Iraq's currency has value just like ours.
They carry around coins and notes that are almost identical in value to the coins and notes we carry.
Hahahaa 2COLLECTDINAR like a GURUS when they got caught. He is not a clown Stew, he is a Millionare man...in Iraqi Dinar hahahahah, now hes going to be a millionare by buying 50,000 note OMG!!!! When is the next date for R\V?
Sorry...meant to say, billonare!!!!!
So What. I Spent A Couple Hundred Bucks On Dinar. I'm Not Broke. I'm Not Going Hungry. I Put A Few Bucks Into The Iraqi Economy. If It Happens It Happens. If It Doesn't It Doesn't. Move On People, Nothing To See Here...
Folks, let us not be petty. Some speculate it will raise, as it is international law that when a country's currency is devalued by the international community for the purpose of disallowing the regime to make WMD and other weapons purchases, when the conflict is over, the value must be returned to market standard trade value as backed by commodities the country owns, plus the standard rate of inflation the rest of the world experiences during the devalued period, Just like they did in Quwait. So the dinar WILL raise in value.
Maybe not to the value Hussain had on it, but with all the new oil, maybe so. The only questions are, how much and when? But also remember that it is not the only country revaluing. There are over 100 who are having their currencies "adjusted" in value to national commodity parity in value for the purposes of international trade.
This is of course business as usual in the world of high finance. Such parity adjustments happen often. The real issue is what the official reserve currency for oil purchases will be when it all shakes loose. The BRIC and other independent countries are losing confidence in the dollars value as the reserve. Idf the Dinar is selected, then it will be the most stable and valuable currency in the world. If not, it will be less stable and valuable, but more so thatn the dollar in those countries. For the current prices of purchase now, it is a safe investment, and will bring a return higher than spent. It has risen 100% in value from roughly 2200 to 1100 since 2004. Thats a good return in nay investment community. So we should all just live and let live and invest in our lives our own ways. To be petty, is counter productive to EVERYONES future....
"as it is international law that when a country’s currency is devalued by the international community for the purpose of disallowing the regime to make WMD and other weapons purchases, when the conflict is over, the value must be returned to market standard trade value as backed by commodities the country owns, plus the standard rate of inflation the rest of the world experiences during the devalued period"
LOL... what a HUGE load of horse crap.
hey stew since your so ASUTUE when it comes to the IQD what do you have to say about the acceptence of IQD to basel switzerland? or the fact that iraq is on the verge of making history with a new rate for the NEW IRAQ DINAR! i`m all ears! oh yea stew i had bought 200,000 in zambia kwacha was nothing until june i got .18ct when they new currency hit and i exchanged my old notes for the new value! .18 x 100,000 stew what does that add up to?
"IQD to basel Switzerland" I don't see it as a big deal and I absolutely know it has nothing to with any kind of big RV like you are claiming.
Zambia??? Your claim on that shows you are a liar and should be locked up in jail for misinforming people. Zambia redenominated and deleted 3 zeros. (same as what Iraq plans to do) So your 200,000 would have become 200 worth $36.
As can be found on many sites in reference to Zambia's redenomination.
"This redenomination exercise will divide the current currency denomination by one thousand (1,000), such that ZMK 1,000 (old currency) will equal ZMW 1 (new currency)."
You are aware that the Gov just re-indicted 3 dinar pumpers/dealers for making false claims surrounding this investment. You might want to be careful about what you post.
Teneagles: Do you care that you are providing false info about Kuwait? The Kuwait dinar has fluctuated over the years between $2 and $3, but it was never worth under a dollar and then "RVed" to $3 or anything higher. Just did not happen. There was some citizens selling Kuwait dinar for pennies on the dollar when the country was invaded but the Central Bank of Kuwait never wavered on its rate. Look it up for yourself. http://www.cbk.gov.kw
They will go up to 100,000 dinar note, so when they drop the zeroes it is a 100 note. Then with their current peg to USD, they will be able to continue to regulate their exchange rates, so the dinar won't fall, but for them, hoping to adjust a rise.
Stew "Zambia redenominated and deleted 3 zeros. (same as what Iraq plans to do)"
who's the ignorant dumb ass now stew! When you see these note's stew please let me know how many zeros you see,
They are not Lopping the dinar, New dinar same face value as currant
Because of this statement.."will not be pulling rolling them now or in the future" you can be assured that the IQD is the currency of Iraq and that you will gain from this dinar investment as the dinar appreciates in value. We just have to wait for the CBI to transition to Article VIII and follow the IMF..they have told us the plan.
Economic News> 04/09/2014
Iraq - Baghdad \ My News Agency
Revealed the CBI, Wednesday, for reprinting the new series of banknotes currently in circulation in new and more protection as the new currency will help the blind to see the value categories.
The central bank said in a statement seen by my news agency that "the new print include Islamic and Gregorian dates and the signing of the Governor of the Central Bank and the Agency Abdul Basit Turki Saeed, with the addition after the security tags."
The statement added that "the current banknotes will continue to be traded with the new will not be pulling rolling them now or in the future
http://beladinews.net/?aa=news&id22=8384