By: Nick Giammarino
Last Updated On: March 4, 2015
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The Central Bank of Iraq Removes 50 Iraqi Dinars From Circulation
News out of Iraq from their Central Bank. The current issue of 50 Iraqi Dinar banknotes shall be withdrawn from circulation as of April 30th, 2015. Individuals who have invested in the current issue will need to exchange either currency at once. It is important to note that the other lower denom (lower denomination) banknotes are not affected, at this time, however, that may change as per C.B.I. policy. Make sure to read this article before you buy any more Iraqi Dinars. If you are curious about the Iraqi Dinar RV then don’t worry, we will get into that, you can message me (if you are a newsletter subscriber) and we can talk.
There are no plans to re-issue the 50 IQD currency at this time. The Central Bank of Iraq has also released two press releases in the past regarding the new 25,000 Iraqi Dinar banknotes as well as the 10,000 dinar and the 5,000 dinar notes. These notes are current and are not part of the withdrawal. If you want more Arabic news sites check out this link: http://globalcurrencyreset.net/dinar-rv-news/
Here is a link to the full press release including my personal translation: CBI Translated Press Release by Nick Giammarino – New 25k and 5k notes
Listen to Rich Morris of the AmericanContractor.com website. Here is someone who actually served over there and still has contacts over there.
Also see this press release excerpt on the 25,000 and 5,000 dinar notes:
And finally this one:
Why Is The CBI Removing the 50 Dinar Note?
There are several reasons for this withdraw of a series that dates back to 2003. The main reasons the C.B.I. is removing these bills are:
- Practicality – the 50 Iraqi Dinar banknotes have a value of less than four cents U.S. ($0.04), due to dealer markups, the value is diminished even further.
- Portability – these notes do not have much purchasing power and carrying many around can be very discouraging.
- Revaluation – the C.B.I. has no plans to revalue it’s currency, and plans to no longer use lower denomination notes such as the 50 Iraqi Dinar banknote.
It is possible that, in the near future, a statement may be released from the C.B.I. stating that they will be removing the following notes:
- 250 IQD – Current value (as of 3/1/2015 $0.21)
- 500 IQD – Current value (as of 3/1/2015 $0.42)
- 1000 IQD – Current value (as of 3/1/2015 $0.84)
- 5000 IQD – Current value (as of 3/1/2015 $4.20)
How to get prepared for 2015 and beyond
If you haven’t read what I wrote about conquering the coming collapse then you should go back and read it. There is a video on that page as well. Regarding the banknotes that are being pulled: in my opinion, if I had these notes, I would sell them and buy gold and silver. The other option is to simply exchange for higher denomination notes such as the 25k note here:
Dinarrvnews.net will be translating the new C.B.I. (Central Bank of Iraq) documents as they are released (if important) from now on. Individuals are discouraged by the fake guru updates that never show proof. Some websites will want you to pay to be able to see these translated documents. I’m not doing that. If you subscribe to my newsletter, which is free, you will get notified when I put up a new translation and new article or/and video.
Here is video I did that shows up when you search for the Central Bank of Iraq.
I know that there are probably quite a few guys out there like me, guys who invested in Iraq or other countries and really want to see something spectacular happen. Here are the notes that are being removed from circulation, they are the 50 Dinar notes (50 IQD).
As you guys probably know, the 50 Iraq Dinar Notes (50 IQD) note will be removed from circulation on April 30th, 2015. This means one of two things for you:
1. You can keep the dinars as a collectors item.
2. You can exchange them at a loss.
Future Translations of Arabic Central Bank of Iraq Documents
Essentially, that is it, I am now going to be translating the Arabic language documents from the C.B.I. and offering them free. The Central Bank of Iraq makes statements all of the time, however, most of the time, those statements are in Arabic, not English.
The translator I am using has done translations for news outlets such as CNN, so he is not cheap, however, he is awesome nonetheless.
What is funny is that for years the dinar gurus have told you that you should invest in lower denoms, in fact, they told you that when the dinar revalued that you needed to have these notes.
Nobody seems to be calling the gurus out on these lies. That’s fine, I just wanted everyone to know what is happening.
If you subscribe to my newsletter, you will receive updates about new videos and I will even give you the links to the actual documents. Please note, I am not someone who is satisfied until I read the actual Arabic translation, so I’m paying to have it done myself. I hope you will subscribe to the free newsletter.
I look forward to talking to you all soon.
Here are some of the lies over the years:
TNT Dinar statement the RV happened in 2011.
DC saying the three zero notes were removed in 2014.
Frank26 stating the three zeros were removed, also from 2014.
Mountain Goat stating in 2014 that the U.S. Dollar is not longer allowed to be used in Iraq (proved false from American Contractor) and also that the plan was to remove the zeros by June of 2014.