R&R > February 26, 2015 at 10:21am Great news today Exogen. So they sent money to the Kurds, they are expecting to pay salaries next week (which for them starts Sunday, 3/1/15), and at the same time the CBI says it's discontinuing the 50 note and replacing them starting March 1st
Coincidence? I DON'T THINK SO!!! Let's get it done!
If you thought there was a liquidity crunch in Iraq before, there's REALLY going to be one starting on Sunday.
We know almost all of the three zero notes inside Iraq have been pulled from circulation, and at the same time auctions of the USD stopped.
Citizens are making purchases in dinar are doing so with what few notes they have held on to. But take out the 50 and other small notes and how are they supposed to make change and/or do business?
This process is coming to an end .... FAST!
R.V. / GCR February 26, 2015 at 9:39am Globally, as of Yesterday all Quantitative easing has been STOPPED....TIMBER
marty > R.V. / GCR to me this is HUGE. It means the beloved Rothchild's who USED to own 157 central banks globally are out of power and can no longer get money, the USA that missed global payments Jan 1, Jan 30, and Feb 17 is officially broke because the Feb can't print any fiat money. Also someone else owns the Fed. Could it be the REPUBLIC ? and the only way for the world to globally relieve their debt is ONLY through the GCR and NOW would be a good time to express the RV/GCR
[sonlover] Any opinions on whether one denom of Zim is better than another? they all seem to be 2008 series, which I understand will become (or remain) worthless but I assume not until after there is an opportunity to exchange. I also wonder why XE is showing a rate at 1 ZWR to 13 cents USD when not everyone else is. Thanks!
[daz] sonlover THERE ARE FOUR SERIS OF ZIM. THEY HAVE DIFFERENT VALUS RELATIVE TO THE PERIOD OF PAST CIRCULATION...AND FUTURE VALUES MAY BE RELATIVE TO PAST CIRCULATION/BOOKKEEPING PERIODS...JURY IS STIL OUT ON THE FINAL RESULT...HANG LOOSE ……BE FLEXIBLE
[daz] IM NOT SURE WHICH SERIES IS THE MOST VALUABLE OR EVEN VALID OR IF IT WILL BE AT THE END. MOST SOURCES SUGGEST THE 2008AA ARE THE BEST LONG SHOT. AND THE PRICE FOR ONE OF THOSE NOTES WENT UP TO $65 DOLLARS YESTERDAY AFTER THE CALL
[sunny] websites are still selling the 2008AA in the $40. range. That is one 100 T note. A year ago you could buy 450 Trillion for $29.95
walkingstick » February 26th, 2015, Article 36 Redemption of currency
1. The CBI may decide to redeem banknotes or coins by issuing, free of charge, other
banknotes or coins in equivalent amounts. A decision to redeem banknotes or coins shall be
issued in the form of a regulation of the CBI specifying the period during which the exchange
shall take place and the locations and times at which withdrawn banknotes or coins shall be
presented for redemption.
2. At the end of the exchange period, or at any other time specified by the CBI, redeemed
banknotes and coins shall be demonetized and cease to be legal tender.
3. The CBI shall notify the public, by publication in the Official Publication, of the banknotes
and coins that are legal tender.
Central Bank announces the withdrawal of 50 dinars a class of trading
said the Iraqi Central Bank, on Thursday, for the withdrawal of currency 50 dinars category of trading, indicating that the replacement will continue for two months. The bank said in a statement received " Alsumaria News ", a copy of it, he was" given to stop the public from trading paper Cash category 50 dinars, he decided to withdraw this banknote trading based authorized to article 36 of the powers of the Bank Act No. 56 of 2004 ". The bank added that "the banks and their branches will start replacing these banknotes presented to it and without fee or commission," noting that "banks will deposited with the bank and its branches for the purpose of being the equivalent value in the accounts we have. "
The Bank noted that "the term that will replace these banknotes will begin on the first of March to 30 of April next," stressing that "the end of the period of replacement will be banknote void and have no discharge power will not be accepted in Iraq." It is noteworthy that the bank CBI issued after 2003 and banknotes from the category of 50 dinars, but he is not traded due to the high prices of the products offered in the market. LINK
TF1564 » GOOD MORNING AGGIEDAD........IS IT POSSIBLE THAT THEY WOULD ONLY REPLACE WITH ELECTRONIC VALUE IN THE BANK ACCOUNT. THAT SEEMS LIKE A GOOD WAY TO ELIMINATE AN ENTIRE DENOMINATION.......
READING THE ARTICLE I GOT THE FEELING THAT THEY WERE MOVING TOWARD GIVING "CREDIT FOR THE AMOUNT REDEEMED".. IN THIS WAY THE CITIZEN REMAINS WHOLE FOR THE AMOUNT THEY ALREADY OWN.
THEN THAT AMOUNT COULD BE CONVERTED TO A COIN OR LD PAPER.......OR AS THEY SEEM TO WANT TO HEAD TOWARD A CASHLESS ECONOMY. WHICH WOULD MAKE THE NOTES NOT NECESSARY....JUST THINKIN HERE...BLESSINGS
Aggiedad77: FAMILY......here is a thought.....they give no details to HOW they intend to replace the 50 dinar notes....or what they will replace them with....2 20 dinar notes and a 10 dinar note?.......
OR......maybe this is the METHOD they will use to introduce the LOWER DENOMS!!!!!......
MAYBE.....will need to do some investigating.....if it is the LD's that are coming....they would not telegraph this intent to us I don't think....because it would have to mean a rate change too.....IMO.
Good Morning TF Great thoughts....yes that is also a possibility...and a means for them to push out more smart cards since so many Iraqis do not trust banks at this time and may not have bank accounts.....perhaps movement towards more e-banking....all good thoughts....as we continue to look for more concrete information as to what is really going on.
jdtolle » February 26th, 2015, Ruffle some feathers
If you’re not ruffling a few feathers, you’re probably not getting much done. If you’re not running into difficult problems, then you’re falling far short of your potential.
You are superbly equipped to meet great challenges and to create great achievements. If you’re just maintaining the status quo, there’s a whole lot more valuable stuff you could be doing.
What you did yesterday was fine for yesterday. However, today is a new day, filled with new possibilities, so get busy exploring those possibilities.
Make yourself a little bit uncomfortable by reaching a little beyond what you’re sure you can do. Challenge yourself in a meaningful way, and you will quickly grow to meet those challenges.
Ruffle a few feathers, including your own. Explore the vast territory that lies beyond your comfort zone, and discover value you never knew existed.
This is a new day, so live it as a new day. This is your opportunity to add something to your life and your world that’s never been there before, so take that opportunity and run with it, now.
Ralph Marston Wishing All a safe and blessed day JDT