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» Mnt Goat says -- I was...told [by my CBI contact in Iraq] not to over-speculate on the RV and the CBI has a plan and is actively working on it.
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» Dollar prices decline in Iraq amidst market volatility (What's the CBI Rate Again? LOL)
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Post by DruidTroy Sun Nov 23, 2014 4:29 am

This is something I was just asking myself and posted about, CBI Released a NEW Currency for 5k and 25k bills .. the article said this is in ADDITION to the current bills in market



Central Bank to release new 5,000 and 25,000 Iraqi Dinar banknotes
October 22, 2014 by Abdelhak Mamoun 6 Comments

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Representational file photo
 
Baghdad (IraqiNews.com) On Wednesday the Iraqi Central Bank announced new banknote denominations of 5,000 and 25,000 Iraqi Dinars to be released in the markets soon, noting that those papers will bear all the technical and security features that are present on smaller denomination notes in addition to new features.
The bank said in a statement received by IraqiNews.com that “new banknote denomination of 5000 and 25,000 Iraqi Dinars will be released into the market soon for trade with specifications and new high security protection codes, in addition to the existing security tags in the categories of the current series.”


http://www.iraqinews.com/business-iraqi-dinar/central-bank-soon-release-new-banknotes-categories-5000-25000-dinars/
~~~~~~~~~~~~



So this raised a question on trade if they are going to the trouble to make a new currency could there some workings in the back office ?? or a known time line to an RV that people are looking forward to, With all rumors there is truth to it 




I am talking to my Arabic contact that is translating a site for me that the CBI has the zeros omitted ready to go ... there is traffic on it and I will share when I get it
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Post by DruidTroy Sun Nov 23, 2014 4:38 am

news on the omitting zeros ... CBI is set and ready to go but do to security reasons and political it was delayed this week .. In June ISIS stole 7 billion Dinar from a government bank .. that may had something to do with it as well


Urgent – ISIL robs 6 billion IQD from a bank in Tikrit
June 25, 2014 by Hawar Berwani 9 Comments



Info From my contact in SE Asia, and other sites to read...  Urgent-isil-rub-a-bank-in-tikrit

[ltr]Salah-il-Din (IraqiNews.com) The gangs of the Islamic State in Iraq and Levant ISIL stole about seven Billion Iraqi Dinars (about six million US dollars) form a governmental bank in central Tikrit city, the center of Salah-il-Din province, on Wednesday, security source reported to IraqiNews.com.[/ltr]

[ltr]The source added “The gangs of ISIL stormed in the governmental Agricultural Bank of central Tikrit city and stole a cash of about IQD seven billion then they fled to unknown destination.”[/ltr]



 http://www.iraqinews.com/iraq-war/urgent-isil-rub-a-bank-in-tikrit/
~~~~~~~~~~~~~~~

That can be the reason for the change in currency I will keep in contact with my contact in the Arab Nation and send what I get in this Feed
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Post by Kevind53 Sun Nov 23, 2014 10:01 am

Yes, they have been talking about releasing them "soon" for a while now. It's been my observation that soon in the Middle East has a rather elastic meaning. There has also been talk about omitting, removing, dropping the zeros for several years. The questions are; "When?" and "What exactly does it mean?" LOP or simply moving the decimal point to the right? Many claim it means one or the other, but the ambiguity of the statements is such that no one can be sure.

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Post by DruidTroy Sun Nov 23, 2014 10:08 am

yes i have not been able to get a definition on the omitting a few zeros either ... meaning value to the exchange or zeros off the note ... <--- that does not sound good either lol

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