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  "Immediate Future" - Fri. AM KTFA Thoughts, News w/ Frank26, DELTA 10/5/18

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RamblerNash
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PostSubject: "Immediate Future" - Fri. AM KTFA Thoughts, News w/ Frank26, DELTA 10/5/18   Fri Oct 05, 2018 7:35 pm

KTFA

DELTA » October 5th, 2018

The Central Bank launches a small currency and delete Quranic verse


The Central Bank of Iraq announced on Thursday that it intends to launch large quantities of small currency categories to the market with changes, including the absence of the category of a thousand dinars from Al-Ikhlas.

A statement issued by the Central Bank said that "small amounts of small denominations were launched with a slight change in the form of these categories of 1000 dinars, 500 dinars and 250 dinars."

"The deal will continue to trade with the new and previous issues in daily trading," he said.
The new edition of the category of the thousand dinars of surah al-Ikhlas that existed in all other editions.

http://www.alliraqnews.com/mod.....ryid=77990



Frank26 » October 5th, 2018

(Smile)

DELTA » October 5th, 2018

We plan to restructure the Iraqi currency including deleting zeros
https://www.almuraqeb-aliraqi.org/2018/10/03/117745/

FYI.....DELETE ZEROS WILL BE FROM EXCHANGE RATE ......3 ZEROS NOTE WILL PHASE OUT ....

Samson » October 5th, 2018

Revealed the Governor of the Central Bank of the existence of a plan for the future restructuring of the Iraqi currency, including the deletion of zeros, while the bank is currently defrauding the issue of the currency of the category of 100 thousand dinars. 

The governor of the Central Bank Ali Al-Alaq: The idea of ​​putting the currency of the category of 100 thousand dinars traded by the Central Bank, but at the moment to delay them, indicating that there is a tendency in some countries to reduce the currency categories so as not to be stored or falsified. 

He continued: The currencies of small groups, may lead the citizen to bid farewell to banks for the difficulty of storage, revealing that the central bank has a future plan to restructure the Iraqi currency, including the deletion of zeros, but this plan needs to consider steps, and a stable situation fully so as not to Exploit this in the work of forgery and others. 

The Central Bank of Iraq also announced the abolition of the requirement of appointing the director of the intermediary companies. The bank said in a brief statement that based on the decision of the board of directors of this bank No. (114) for the year 2018, it was decided to cancel the condition of owning shares in the company for the purpose of appointing the director of the brokerage companies to sell and buy foreign currency.

While the Central Bank of Iraq announced that it was officially exited from the list of sanctions imposed by the European Union, during the era of the regime buried. The bank said in a statement that the Brussels move, published in the official newspaper of the European Union, confirmed the abolition of sanctions imposed on this bank under the former regime. The European sanctions provide for the prohibition of dealing with a group of Iraqi financial and non-financial institutions, including the Central Bank of Iraq. 

The Central Bank of Iraq that this development came after making significant progress in improving the performance and application of international regulations and standards in the banking field. He added: Under these recent amendments, the international financial banking institutions will be allowed to deal with the CBI in accordance with the new instructions, as it has become a reliable financial institution to deal with European international institutions. 

The Central Bank denied the circulation of the $ 100 for the previous editions of the pre-2006 publications, pointing out that rumors in this regard fall within the category of market speculation. 

"The bank is trading all categories of the dollar and all previous editions even before 2006,"said Mahmoud Mohammed Dagher, general manager of the Department of Financial Operations and Public Debt Department at the Central Bank. "The circulation of $ 100 for the pre-2006 period is far from Indeed". 

He added that "the bank does not reject a specific category or edition of the dollar, unless it is forged," noting that "the non-circulation of some citizens and banking offices of the old issues, back to the Iraqi market and the bank has nothing to do with it. He pointed out that all the neighboring countries of the Turkish and Jordanian markets are dealing in dollars without account of the categories or editions of the opposite market in Iraq. Some owners of Iraq's banking offices refuse to buy the $ 100 category from pre-2006 issues and return $ 1 notes to their owners.

Purifiers » October 5th, 2018

IMO... THE BANKS OF IRAQ WILL HAVE TO COLLECT THEM DELTA...

THE NEW REAL VALUE WILL CAUSE 3 ZERO NOTES TO EITHER BE DEPOSITED, OR EXCHANGED AT THE BANK FOR SMALLER NOTES...

AS, IMO... YOU AND FRANK HAVE TAUGHT US, IYO.
HOW WOULD WE SPEND A $10,000.00 USD NOTE IN THE U.S.?

(IF YOU HAVE ONE... IT IS STILL LEGAL TENDER)
WE WOULD "LIKELY" TAKE IT TO OUR BANK TO TURN IT IN FOR A LEDGER BALANCE IN OUR ACCOUNT.

THEN THAT $10,000.00 USD NOTE WOULD BE PHASED OUT OF CIRCULATION, EVEN THOUGH IT WAS "STILL GOOD", IT WILL NOT BE USED ANYMORE, (AND NOT SAFE TO HOLD THAT MUCH VALUE, IN ONE NOTE... IN YOUR POCKET!) LOL

IMO... AN INTERESTING HISTORY THAT TIES INTO OUR STUDY:

Large denominations of United States currency
https://en.wikipedia.org/wiki/Large_denominations_of_United_States_currency

SNIPPET:

Although they are still technically legal tender in the United States, high-denomination bills were last printed on December 27, 1945, and officially discontinued on July 14, 1969, by the Federal Reserve System,[9] due to 'lack of use'. The $5,000 and $10,000 effectively disappeared well before then.

The Federal Reserve began taking high-denomination currency out of circulation (destroying large bills received by banks) in 1969. As of May 30, 2009, only 336 $10,000 bills were known to exist; 342 remaining $5,000 bills; and 165,372 remaining $1,000 bills.[10] Due to their rarity, collectors often pay considerably more than the face value of the bills to acquire them. Some are in museums in other parts of the world.

For the most part... the introduction of an electronic money system has made large-scale cash transactions obsolete.

When combined with concerns about counterfeiting and the use of cash in unlawful activities such as the illegal drug trade and money laundering, it is unlikely that the U.S. government will re-issue large denomination currency in the near future, despite the amount of inflation that has occurred since 1969...

Billuke » October 5th, 2018

Regarding the article Delta posted and Samson's post 92, what does "existence of a plan for the future restructuring of the Iraqi currency..." actually mean?

Thanler08 » October 5th, 2018

Immediate future hopefully!!!

plus, see below from earlier, I hope this means High Street banks - then they can honour their guaranteed buy back on all currencies ........just not at a program rate!!

Under these recent amendments, the international financial banking institutions will be allowed to deal with the CBI in accordance with the new instructions, as it has become a reliable financial institution to deal with European international institutions.

Rich4hyip » October 5th, 2018

imo based on previous articles and ccs, Cbi cut off the ld circulations to force the citizens to be using the large notes. So Cbi issuing new ld now for people to get change when people buying stuff with large notes on the market before the release of new small currency and a change in rate. Frank said there would be dual pricing on market, and the old and new currency will coexist for a certain period of time for the conversion of currency to be completed. correct me if im wrong. thank you.

Harley1 » October 5th, 2018

just asking for some understanding here...i must have missed something. Looking back at Samson's post on the previous thread, the 1000 note that is being released looks like a new design, and the article states the current design will be honored concurrently. This seems to be something more than a reprint just to replace the worn/torn ones. Curious as to the redesign and not just reprinting the current ones.

Just confused as to why there would be a 1000 note (with a new design) kept in circulation knowing all 0's will be dropped very soon. Any clarity here would be appreciated.
thanks.....

Walkingstick » October 5th, 2018

These notes, (1000) the new 250 and 500 to be released... a must, for .. the manner, in which they opted to deploy their redenomination process .. As, I have stated before... having worked through a number of them, and history ...will show, not all redenominations are employed in the same manner... The manner, in which they chose.. all telling, of what's to come...Frank.. will share, more..via cc Regards....

Frank26 » October 5th, 2018

SIR .......... YES SIR.

JJonesmx » October 5th, 2018

The World Federation Of Exchanges Admits Six New Members


At the 58th General Assembly in Athens today, the World Federation of Exchanges ("WFE"), the global industry group for exchanges and CCPs, admitted six new members taking the total number of full members to 70, an historic high. With six members joining since the last General Assembly in 2017, the WFE now represents more than 200 market infrastructure providers.

​The new members are:

London Stock Exchange Group: a diversified international market infrastructure and capital markets business operating a broad range of equity, bond and derivatives markets (approved as a full member at today’s 58th WFE General Assembly).

Boursa Kuwait: a private entity established to manage the Kuwait stock market (approved as a full member at today’s 58th WFE General Assembly).

Multi Commodity Exchange of India (MCX): a commodity derivatives exchange that facilitates online trading, and clearing and settlement of commodity derivatives transactions (approved as a full member at today’s 58th WFE General Assembly).

Tunis Stock Exchange: responsible for managing the Tunisian transferrable securities market (approved as a full member at the WFE’s June 2018 Board meeting).

China Securities Depository and Clearing Corporation (CSDC): a securities registration, clearing and settlement business (approved as a full member at the WFE’s January 2018 Board meeting).

Nairobi Securities Exchange: an equity and debt securities provider (approved as a full member at the WFE’s January 2018 Board meeting).

Nandini Sukumar, CEO, WFE said: “Members are the lifeblood of any trade association, and our new members demonstrate the truly global breadth and multi-asset class depth of today’s WFE. We are proud to represent such a diverse range of organisations, and with full members now standing at 70 - the greatest number in the federation’s 57-year history – our role as the voice of the global market infrastructure industry has never been more important. 

“Moreover, with our ever-growing mandate and membership base, we look forward to championing the causes that matter to our members, focusing on business-critical topics including CCP-related capital issues, sustainability, emerging markets, market integrity, regulatory coherence, SMEs, cyber resilience and FinTech.”

http://m.mondovisione.com/medi.....w-members/

Boursa Kuwait Granted Full Membership Of the World Federation of Exchanges

Published October 3rd, 2018 - 09:50 GMT
Press Release

The vote was conducted during the recent 58th WFE General Assembly in Athens, Greece.
Boursa Kuwait today announced that the exchange has received a unanimous vote for admission as a full member of the World Federation of Exchanges (WFE), the global trade association for the operators of regulated securities exchanges.

The vote was conducted during the recent 58th WFE General Assembly in Athens, Greece.

http://amp.albawaba.com/busine.....ssion=true
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PostSubject: Re: "Immediate Future" - Fri. AM KTFA Thoughts, News w/ Frank26, DELTA 10/5/18   Sat Oct 06, 2018 10:06 am

Correct....larger denomination notes will need to be traded in for smaller notes.  That is in Iraq, not the United States, where those that hold larger notes will be holding worthless paper.
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