Post From Currency Chatter
BlueyesinLevis New Issue of 2013 with Extra Security Features and extra circle on the Left side for disabled and blind people to know the denomination of the currency they carry
Here is proof the new reprinted current banknotes are out. This is a 250 Dinar. Most articles inplied they were released mid April 2014...From EBay
150,000 NEW IRAQI 250 DINAR 600 PCS FIRST ON EBAY 2013 ISSUE SECURITY FEATURESNEW ISSUE OF 2013 with Extra Security Features and extra circle on the Left side for disabled and blind people to know the denomination of the currency they carry ,
600 Banknotes Six Bundles of the 250 Dinar denomination , total 150,000 Dinars , Serial consecutive bundles issued by Central bank of Iraq , rare investment oportunity .
New Signature of the new Governer of The Central Bank of Iraq .....
Be the First to have this new Issue
FREE SHIPPING VIA EMS FAST COURRIER SERVICE TRACKABLE ONLINE , TRANSIT TIME MAY TAKE UPTO 15 DAYS , BUYERS CAN COMBINE SHIPPING FREE FOR EACH ADDITIONAL ITEM , SHIPPING AND HANDLING TIME APPROX 28 DAYS , PAYPAL PAYMENTS ACCEPTED , PLEASE CONTACT US FOR ANY FURTHER INQUIERY . LINK
the first pic is of the 250 Dinar and the second pic is of the 500 Dinar
TrixieDinar The eBay ad says the dinar is in Jordan.
BlueyesinLevis Makes sense that the IQD would show up next door in Jordan.....
BlueyesinLevis Tlar has the best analysis of what this means....
hi-five Maybe I missed it, Blue, but what does Tlar say? I'm a bit concerned that the new denoms are out and the rate is still the same.
BlueyesinLevis Not new denominations.. the same deominations... only the small end, though.... the notes the will keep using.... no triple zeros... in non-counterfeitable form...
Tlar wrote: -The CBI has let the contracts to reprint the 250, 500 and 1000 notes. It is my belief that until these notes are printed and we begin to see large number of notes being swapped out we will not see an RV.
The old 250, 500 and 1000 were printed in 2003 and they have all the same ease of being counterfeited by Iran. That would make the next time we might see the currency move as July 1st, 2014 the start of the third quarter.
The original plan had called for these old notes (250,500,1000) to be left in circulation for up to two years following a change in the currency.
Iran is a state sponsered counterfeiter and I am sure they know the plan because they have been extremely close to the present Iraqi government.
We have seen government and private individuals use the phrase "mafias are prepared to rig the currecy". IMO they are talking about Iran. Iran has been counterfeiting the 5000, 10,000 and 25,000 notes since the end of 2009.
They are very proficient and prolific counterfeiters and if I'm right they have had the plates ready for quite a while of the old 250, 500 and 1000 notes, anticipating the deletion of the zeros project to start. Up until now they have not counterfeited these notes because a (1000 note) is only worth 85 cents and a (500), 42 cents and a (250), 21 cents.
It is not worth printing with the cost of transportation and distribution in Iraq when compared to risk. They would have to move 25 x's the paper to make the same as selling (1) discounted bogus 25,000 note.
They today can print a 25,000 note worth $21.50 before they discount the bill. If the CBI were to pull the trigger without the new 250, 500 and 1000 notes already going into circulation, Iran would be sucking billions and billions within a few days of the project implementation.
A 1000 note would have a value of $860.
It does not take a rocket scientist to see the currencies vulnerability here. They must reprint these notes making them also the new not counterfeitable notes to assure that they too are not compromising the project.