Millionday Sunday Night Chat at PeopleInvested:
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[millionday] i want to make sure that everyone knows that the lower denoms are out and they are beginning the process of changing them out and i am going to tell you about it
[Fresh] millionday wow - can't wait!!!
[millionday] i have the report about it but let me tell you
[millionday] i posted it last night very late at newstime but am going to tell you what is going on first and repost it
[millionday] they are right now beginning the process of having the 50s , 250s and 100s exchanged out if they are damaged which is smart
[millionday] they are having any damaged at all in the country brought in because they will be using them after the three zeros are replaced [millionday] all the new lower denoms are printed and in iraq because of this report -- it is obvious
[millionday] be right back with it
[millionday] smile \
[millionday] now one more thing
[millionday] the process begins with them moving them to the banks ect because this part is the beginning of november
[millionday] Central Bank of Iraq, Saturday, his contract with the British company to replace damaged currency with new ones, stressing that the replacement process will be the beginning of the month of November, as pointed out that these currencies are only 1% of the currency in circulation in the market. The deputy governor of the Central Bank of the appearance of Mohammed Saleh in an interview, The Bank has contracted with a British company specialized printing currency to print in small denominations which the 250 dinars and the JD 1000, for the purpose of replacing damaged with new ones,
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[millionday] noting that" this company is one of the big companies and that printed approximately 60% of the world's currencies. " Saleh added that "the month of November will begin to replace damaged currency with new ones from the small groups," adding that "all these currencies damaged constitute only 1% of the currency in circulation, and many that are only worth a few." And citizens suffer from the difficulty of buying small groups of markets due to damage and rupture most especially the two categories of the 250 and 1000 dinars.
[millionday] note -- notice which ones they are bothering to replace
[The s family] I don't understand why it's "smart" to do that first??
[millionday] these are the ones that will be in circulation after the three zeros are removed
[millionday] so that they wont have to be exchanged
[millionday] and they will have less work when the process begins
[NUMBERS] millionday would nt the 250 and 1000 notes be large notes??
[MeKevinB] millionday and surely they don't want citizens carrying near-worthless notes for an extended period of time, right?
[millionday] and keep the both on the street until the entire new series is printed next year after the rate is changed / zeros removed
[millionday] there is more
[millionday] NUMBERS no it would be like the ones we carry
[millionday] 50s and 100s
[millionday] brb with the rest
[millionday] He held the Iraqi Central Bank, on the tenth of April 2011, bank management responsibility currency traded damaged in the markets, warning of fines on banks uncooperative to the point of suspension, as he emphasized that what is being replaced from the currency damaged in the bank does not exceed 30% of the damaged actual. It is noteworthy that the Iraqi Central Bank, with headquarters in Baghdad and has four branches in the provinces of Basra and Sulaymaniyah, Irbil and Mosul, founded the bank independent Iraqi under the law of the Central Bank of Iraq issued on March 6, 2004, and
[millionday] is the responsibility of the bank is responsible for maintaining price stability and the implementation of monetary policy, including policies exchange rates and management of foreign reserves and the issuance of currency management, as well as to regulate the banking sector.
[millionday] now see what is damaged is only 1% that is being replaced but 30% is damaged but in the denoms that will not remain on the streets so they are not replacing as it appears right now
[millionday] so this is rocking good news
[B][millionday] meaning that the denoms that will be on the streets and will remain on the streets will have already been exchanged and will be mixed
[lorijeanmarshall] millionday I am a little confused. Is the this the LD we have been watching for just replacing the same currency?
[millionday] like we had here but for a shorter time period
[millionday] replacing the damaged of the ones they will continue to use on the streets after the removal of the three zeros because
[millionday] remember they have been using these for many years and they dont use banks much so they are torn up
[millionday] so obvously the beginning of the process due to the denoms that are really damaged and they have chosen to only replace the ones they will be using after the removal of the three zeros
[millionday] this is great
[millionday] very good news
[millionday] dont miss any news if you can because it will be interesting to see everything unfold as we watch the one thing we like at pi -- progress
[johnm33] so if i am reading this right, if they bring a 25000 dinar in to replace, they wont get one back, it will be other denoms
[millionday] it is only the 50s , 250s and 1000s that they have told us will be part of the denoms when they re denominate
[Gary W] millionday, won't there eventually be something lower than, say, a 50 dinar bill; something like a 1 dinar bill?
[millionday] yes but right now they are going to replace the damaged ones of those deonoms only
[para~investigator] millionday aren't they removing the three zeros off of the 1000 dinar note as well?
[Gary W] millionday Terrific. Thank you, ma'am!
[millionday] yw all the time
[millionday] President Jalal Talabani said, Iraq is keen on closer ties of friendship and broaden cooperation with Turkey in all fields and serve the interests of the people of Somalia de s. This came in a message of congratulations to Turkish President Abdullah Gul said his country's national day (founding of the Turkish Republic). Talabani said, according to a presidential statement received (News Agency news) on Sunday: I am pleased to extend to you and to the Government and friendly people of the Turkish Republic, on my own behalf and on behalf of the Iraqi people, my warmest congratulations and anniversary national day (founding of the Turkish Republic).
[millionday] oh oops read it wrong
[millionday] the region however is partying down
[millionday] Talabani said: on this occasion the opportunity to affirm Republic of Iraq closer ties of friendship and broaden cooperation with Turkey in all fields and serve the interests of the people of Somalia
[millionday] this is interesting
[millionday] ...Called the National Alliance Deputy//Susan Saad, the legislature and the Executive to establish an adequate mechanism to distribute SOA budget amounts for next year. Al-Saad said in a statement: the Government and the House before the genuine national test is to grant local governments in all provinces part of SOA budget determined by the needs of each province, not granted to service ministries have not seen improvement or evolution recalls performed over long years. According to the National Alliance Deputy: it's pointless to devote large sums every year to service ministries and federal case from bad to worst "متساءله how long we spend billions and citizen lives appalling deterioration in services, security and infrastructure in all sectors.
[millionday] genuine national test
[millionday] Explained: everyone should aware that adopting the same mechanism in the General State budget is extremely dangerous because it proved costly and it's time to develop alternative plans will promote real country at all aalasadh the first adoption of a mechanism for granting budget controls service to local governments to see what happens./
[millionday] money moving for next year as a test
[millionday] wish i could sit down and talk to them or at least be in one of the govs to tell you why and what the national test is but i will watch for it
[millionday] to see what happens ? strange report
[millionday] now remember that the central bank meeting in mexico city is on the 4th and 5th of november with the g7
[millionday] we have nothing else in yet so that is the news and oh boy is it good
[millionday] i will keep watching to see if any more comes in but it is not in in the other sources yet