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Central bank will not be printed 100 thousand dinars category at the moment
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Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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Central bank will not be printed 100 thousand dinars category at the moment
Denied an informed source at the Central Bank of Iraq, on Wednesday, to be "central" had started printing 100 thousand dinars a class at the present time, stressing that it seeks to maintain the "value" of the Iraqi dinar.
The source said in a statement to "tomorrow's Press," that "the central bank has no intention at present currency printed from 100 dinars a class, it recently printed a new currency of 50 thousand dinars category, and had its causes and made good financial services to the citizen and the market." The source added that "the central bank is working today to preserve the value of the Iraqi dinar and stability." And circulated among the news media that the determination of the central bank issued a new edition of 100 thousand dinars category to the market. It was among the financial and economic central bank warned of a new edition of 100 thousand dinars a class and put on the market, because it will increase the prices of goods and driving up inflation as well as it will reduce the value of the Iraqi dinar and eliminate small denominations of currency, which will affect and directly to citizens.
09.14.2016
http://tinyurl.com/z38neer
Ponee- Admin
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Re: Central bank will not be printed 100 thousand dinars category at the moment
Oh sure.... You betcha....................................NOT
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Just4Tom74
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Just4Tom74
Just4Tom74- VIP Member
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Re: Central bank will not be printed 100 thousand dinars category at the moment
Some would say this is good news.
Muskie- VIP Member
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Re: Central bank will not be printed 100 thousand dinars category at the moment
Not good, and not bad ... inflation is under control, so there is simply no need for it.
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Kevind53- Super Moderator
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Re: Central bank will not be printed 100 thousand dinars category at the moment
Most would say it was bad.....JMO
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Just4Tom74
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Just4Tom74
Just4Tom74- VIP Member
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Re: Central bank will not be printed 100 thousand dinars category at the moment
Kevin, are you a banking professional, an economist? What gives you the authority to make such statements? Clearly, if the CBI issues it, their is a need whatever that may be. Unless you are an expert with credentials to support your comments on how central banks defend their banking systems you are no better than any guru.
Muskie- VIP Member
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Re: Central bank will not be printed 100 thousand dinars category at the moment
No expert, I just study the news and what the experts say about it, weigh both sides, there are almost always at least two sides, and draw my own conclusions. That said, this is a pretty simple conclusion really, the only reason they would need them would be continuing serious inflation leading to a shortage of cash and a need for higher denominated cash. When inflation is controlled there is no longer any need for large denominated notes, for example the $500 and $1000 notes in the US. Based on their statement that they are not needed now, the logical conclusion is that inflation is under control.
Yes, at one time such notes did serve a secondary purpose in making large interbank transfers easier, but they are no longer needed for that
Yes, at one time such notes did serve a secondary purpose in making large interbank transfers easier, but they are no longer needed for that
*****************
Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
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Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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