A Statement issued from the Central Bank of Iraq regarding the Iraqi Dinar currency. Read the complete translated CBI article now below:
For the purpose of the completion of the structure of the Iraqi banknotes, and to place a category which has a high value in circulation, The Central Bank of Iraq is happy to announce to the generous public the issue of a banknote belonging to the category of (50000) Dinars (Fifty thousand dinars) with the dimensions of 65 mm width, 156 mm height and predominantly colored light brown except the border decorations which took the dark color. It was printed using a very high quality of printing paper while adding a number of security and technical indicators. We would like to elucidate the following about this note (to be posted in the next article). Keep reading to understand what is happening in Iraq.
This article and the videos within it, explain the use of the new 50k IQD notes, and the reasons they are needed.
I previously reported on the 50 dinar notes being removed from circulation. Also, the American Contractor Rich Morris reported that this would happen back in June of 2015, see his YouTube video here:
Pristine new 50000 Iraqi Dinar notes have come into circulation for the first time yesterday. They bear traditional symbols in a bid to reflect Iraq’s diverse heritage, and have them printed in both Arabic and Kurdish the new edition is an upgrade from the 25,000 bill no longer the largest denomination of the Iraqi Dinar.
This is not the country’s first attempt to revalue its currency to stimulate the market. Earlier efforts that began in 2012 have been stalled by perpetual wars which have plunged the economy into recession. The value of the dinar that was once worth $3 in US currency in you s currency has rapidly decreased since the 2003 war. The move which has risen against the backdrop of long-simmering corruption is likely to cause an adverse impact on an economy already on its last legs.
The notes are brown, green, yellow, and blue. On the front: The jug is created using SPARK technology by DeLaRue, their own color shifting ink technology. The patch contains a water wheel on the Euphrates river; palm trees; flying birds; Gali Ali Beg waterfall in Kurdistan; palm tree as registration device.
On the reverse are a palm tree; fishermen poling canoes through marshes with flying ducks, water buffaloes, reed house; outline map of Iraq showing Euphrates and Tigris rivers; palm trees. varifeye (see through window cotton containing banknote paper with a clearly defined opening that is sealed by a transparent laminated fill) thread with spiral minaret, Malwiya Tower, at the Great Mosque of Samarra and 4-mm wide purple-to-green RollingStar Cube (security technology which combines movement with changing colors for the first time using a windowed security thread with demetalized Arabic text). Watermark: Horse head. Printer: (G&D or Giesecke & Devrient ). 156 x 65 mm.
a. ٢٠١٥ – ١٤٣٦ (2015/AH1436). Signature 18. Prefix ي/٨٨. Announced: 11.11.2015.
November 13, 2015
By: Nick Giammarino
Subscribe to the Dinar RV Newsletter – [OptinLink id=1]CLICK HERE TO SUBSCRIBE TO THE FREE NEWSLETTER[/OptinLink]
Why Did The Central Bank of Iraq Release a Higher Denomination Banknote?
The dinar gurus will try to mislead you and tell you certain lies such as the following:
“This note will only be used between the banks.”
“These notes will not circulate among the general population.”
“This is a sign that the RV is near.”
Let’s get into some facts, and my buddy Rich Morris will back me up on this I’m quite sure. First off, take a look at this menu from Iraq:
Notice some of the prices on this menu, for one burger is 5000 IQD ($4.51). Does that sound reasonable to you? Look at another item on the menu, pack of nine mini burgers, price 29500 IQD ($26.62 or about $2.96 per mini burger). Now you are starting to see why Iraq HAD to introduce a larger denomination banknote.
Since 2003, the banknotes in circulation have been the 50, 250, 500, 1000, 5000, 10000 and 25000. This new 50000 (50k) banknote is a major step in the right direction for the Iraqi people. Their country has suffered terrible inflation over the last decade, and the value of the dinar has depreciated. Look at a chart of the Iraqi dinar from to the present:
As Rich Morris explains in our podcast below:
We discuss the delete the zeros, the revaluation of the Iraqi Dinar, the exchange rates, the petro dollar, and much more, listen to it. He even discusses how people will use wads of cash (dinars) to pay for items. He mentioned how the Iraqis even at the bazaars would use US Dollars, not the IQD. They expect you to have dollars if you are an American, not their currency. I mentioned how I went to 16 countries, and even in Japan, they like when you use the dollar there rather than the local country.
Let’s look at what the gurus have said in the past. All of this information comes from the dinarguru.com website, and you can clearly see the deception. Now, either they are all lying, or they all have the same wrong contacts/sources. In my honest opinion, I think that they are all lying because they actually reached out to dinar companies. Read the following examples of the deception that continues to pollute the real news coming from Iraq.
4-8-2011 Guru Ray I feel, along with my contact that the RV is very, very close now.
4-9-2011 Guru Dinar Daddy The latest 3-zeros article states that the goal of the change is to decrease the amount of Dinars in circulation and to increase the purchasing power of the Dinar. However, the article states that they expect the change to take a bit because there would need to be approvals for the change to occur, etcThe remainder of the article re-states that the 3 zeros will be removed and that the Kurdish language will be added to it. They also say that it will be returned to the same value that it was in the 1980s (which is the 3+ rate range that we are aware of). This further supports our suspicions that the RV is soon to be here!
4-14-2011 Guru RickQueenToday I’m almost 100% certain the Iraqi Dinar RV will happen.
4-14-2011 Guru Stevei and Ray The RV is at the door step and this ride is almost over. The CBI sent a formal request to Parliament about three hours ago to vote on deleting the three zeroes from the currency….Shabibi is in Switzerland with the BIS bank in Basel…with 3 or 4 personal advisors, two US Treasury people and other staffers. They will be there one week total. After that they are scheduled to come to the US and then the UK.
5-3-2011 Guru OkieOilMan PARLIMENT APPROVED OF REMOVAL OF 3 ZEROS’ TODAY…LOOK FOR THE R/V ANY MOMENT AND HE STATED DEFINITELY THIS IS OUR WEEK–THE FAT LADY IS SINGING
6-8-2011 Guru Poppy2 WHAT I AM GETTING. VOUCHERS ARE REAL, ALL REQUIREMENT COMPLETED, IMF HAS RELEASED, STALL HAS TWO FACTORS INVOLVING THE PENTAGON POSITION ON SECURITY AND POWER DISTRIBUTION WITHIN IRAQ. NO MINISTERS NEEDED ALL IN PLACE SINCE FEB 2ND. If it doesnt happen within the next 24 hours I am going to say it will not happen till between june 15 and the 30… We are in great position … every gov around the globe are now pushing … for completion. IT is all positive zero negative…
6-21-2011 Guru Frank26 Shabibi spoke after Maliki and he said things about the currency – EF Hutton style – he said they are finalizing the lifting of the 3 zeros…Shabibi came out today and said on TV about the $.86 to $1.30 that the currency will have a gradual increase and the lifting of 3 zeros would be part of this – He said that the currency value from the 70s and 80s would occur in 2013…I am still at $3.86 no matter what but I can’t be dogmented and I have to give you what my team has and we slowly have been telling you that its highly possible this lower rate can be the real rate…IF it does come out it will double by the end of the year – and lets look at 2012 at least in the $2 range…9.999 is Franks meter now!
Please note: I am in the process of having the official press release from the Central bank of Iraq translated.
Alsumaria News / Baghdad
Confirmed former economist at the Central Bank of Iraq on behalf of Abdul Hadi, Thursday, that the issuance of 50 class thousand dinars will not contribute to the stability of the market, stressing that large transactions are covered through the dollar. He said Abdul Hadi in an interview with Alsumaria’s News, “The issuance of monetary Category 50,000 dinars by the Central Bank will not contribute to the reduction of non-market stability, especially price index of the market and inflation, “he said, adding that” there are changes in the economies of the data on the ground and the Iraqi contraction of economic reality. ”
The central bank issued banknotes fifty thousand Dinars category Central: Our sales to banks up to now amount to more than $ 37 billion
He said Abdul Hadi said “these cash category would raise imposed on a bank in the management of operational costs and the organization of the currency,” explaining that “there will be no desired results to facilitate transactions.” Said Abdul Hadi that “monetary category currently in circulation, amounting to 25 000 dinars are enough to handle them through individual transactions and companies, while the big deals are covered through the dollar. “The Central Bank of Iraq, on Wednesday (November 11, 2015) for issuing a new banknote fifty thousand Dinars category, attributing this to complete the banknotes structure Iraqi and put a high value on the trading category.
Watch this video before you buy Iraqi Dinars.
6-23-2011 Guru TonyTnT Should be a great day in your life…Shabibi did make the TV announcement that it will happen by the end of the month…CBI announced completion of lifting the 3 zeros…They are putting it in writing over there and we are hearing it over here…THIS IS THE RV…Banks are being told today…Treasury Department is saying nothing has changed…Nothing holding this up…7:20am yesterday DFI funds authorized late last night funds were released…
7-6-2011 Guru Blaino It is exciting to continue to hear all positive events happening and to see the movement and possibilities getting better and better. There is not one word of anything negative so far..we will see the RV before we hear the rv from anyone. The RV is I STILL feel within the next 48 hours.
7-13-2011 Guru Delta As far as RV we are in High Alert and it could happen at anytime
8-9-2011 Guru Delta FROM IRAQI TV : LIFTING 3 ZERO FROM THE VALUE OF IRAQI DINAR. THE RATE WILL BE AT $.85. THEY SAID IT IS DONE THEY ARE WAITING FOR THE ANNOUNCEMENT FROM CBI
After reading the above statements, you have to ask yourself, who is telling the truth, and who is out to deceive? I strongly suggest that you do your own research, and make sure that whoever is actually posting this guru news is actually giving the sources of information. Anyone can simply say the dinar will RV at so and so rate, or that they have a contact at the CBI, but let’s face it, the majority of them just share the lies back and forth with each other.
— Dinar RV News Truth (@dinarrvnews) November 6, 2015