The central bank reveals the cost of printing the Iraqi currency

"the Iraqi dinar is very strong currency but restructuring banknote weak because the biggest coin is 25 dinars category equivalent to $ 22, and this weak structure makes citizens prefer to deal instead of the dinar to the dollar.

tlm724 wrote:[tlm724] thank you Rocky for posting this !

[tlm724] "The central bank is serious about printing new cash categories that will be one of the two categories of 50 and 100 000 dinars, which is in the process of selecting designs and corporate printer.

[tlm724] that "printed currency project is necessary to modify the Iraqi banknotes structure in preparation for the implementation of the project to delete the zeros."

[tlm724] *wolfwhistle*
 
[tlm724] hey you all remember that over the years I have always said to pay attention to whatever Yasiri says ?

[tlm724] let me show you why

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[tlm724] look under Deputy Governors and Members of the Board, there he is !

[tlm724] and who is speaking in this article ? Manager version in the Central Bank Ihsan al-Yasiri

[tlm724] "the Iraqi dinar is very strong currency but restructuring banknote weak because the biggest coin is 25 dinars category equivalent to $ 22, and this weak structure makes citizens prefer to deal instead of the dinar to the dollar.

[tlm724] so this will lead to the deletion of the zero's and before that can be done they MUST add value to the dinar imo we are so close , just hang on  

[RCS1947] thank you Timmie !

[tlm724] your quite welcome, it's coming !

KDuesing wrote:I think we are a little off on what he was trying to say in this sentence.

"the Iraqi dinar is very strong currency but restructuring banknote weak because the biggest coin is 25 dinars category equivalent to $ 22, and this weak structure makes citizens prefer to deal instead of the dinar to the dollar.

He was only referring to how there currency is now and has been, nothing new here and he def was not trying to show a .86 rate with that sentence, weve known for a long time a 25k dinar note is only worth 22.00 USD and that they like useing the USD instead of the dinar because of it.

Also they call all there currency coin, they dont literally mean a metal coin like we would think.

biggest coin is 25 dinars category

Parameters of the new Iraqi dinar after deletion of zeros Central bank decided to adopt some of the features and pictures to be developed on the new Iraqi dinar after deletion of zeros ..  And obtained by / JD / a copy of the book’s central bank, which included the historical and cultural landmarks and images to be placed on the implications of the Iraqi dinar close to the mentality of the Iraqi public and culture ..  According to the authors included a paper currency a number of monuments and pictures the most important, put a picture to bridge the imams and the magnitude of the significance of high-value if it reaches the bridge between both sides of the River Tigris and the terminal Mrakadi Imams Musa al-Kazim (AS) and Abu Hanifa (ra) ..  He said a book entitled the bank to the Directorate General for the issuance and cabinets: This is dedicated to the highest class of the new currency a category (200) two hundred dinars and the dinars on the back of this paper and put a picture of the Baghdad school .. He said the central bank: put on the face of the category (100) dinars, hundred dinars, pictures of Azwaip area in Baghdad, one of the areas which was set up by the ancient suspension bridge, one of the achievements of the Iraqi state ..  Iraq is one of the leading countries in the establishment of this type of bridges, shown in the image building of the Iraqi Central Bank, in addition to the building of the University of Baghdad, is the oldest scientific institution in Iraq in the second half of the twentieth century, while placed on the back of the paper image (ziggurat), one of the features of construction Iraq at the dawn of history .. According to the book’s central bank: put on the face of the paper of class (50) JD (fifty dinars) image of the King Codaa one of the most kings of the dynasty of Lagash II (King XII), a God of growth and fertility, while the back of the paper have included a picture of Fort Ukhaydir a Fort archaeological its construction dates back to the Abbasid era forts and defensive unique in a deserted area, such as those constructed in which this fort is located to the south-west of the city of Karbala ..  The central bank said: that in the face of the banknote (25) dinars (twenty five dinars) was developed, the image of King Hammurabi receiving the law .. This is the spiritual father of the King humanitarian legislation, as written in the custody of the rules governing the life and transactions in the famous Mselth either the back of the paper have included a picture of a peasant of Iraqi Kurdistan with the help of men in the preparation of the field of agriculture ..  He said the central bank: put on the face of the banknote (10) dinars (ten dinars), a dinar, the Arab-Muslim This is a dinar, which was minted in the reign of the Umayyad dynasty beginning of the circulation of money in the Islamic state, which hit the inside and one features of the state and its sovereignty and economic independence, The back of the paper has developed a picture of the lighthouse Hadba in Mosul, one of the landmark development of excellence in our beloved Iraq ..  Either category (5) dinars (five dinars) was placed on the face of her paper image of a waterfall entirely on Beck in Kurdistan Iraq, a reference to the state’s interest in water and its sources in addition to the interest in tourism and the environment either the back of the paper has developed a picture of a palm Iraq, a sign of a property for each land black from southern Iraq to the north and to honor the (aunt Palm), said Mustafa (peace be upon him) and the central bank said in writing: in line with the best applications and international experiences, he decided to stop the basic parameters of the currency notes of the categories (25000,10000,5000) JD Traded to the road as it is in the new series (25,10,5) dinars to enable the audience with her as a thousand imprinted in his memory.  The bank was keen to choose the designs of the coins are the generality and comprehensiveness of significance, and have a positive impact on all the people of Iraq, where he put on the aspects of coins map of Iraq and highlights where the Tigris and the Euphrates, and the center of the map a circular area to install the coin mineral, while the other side of coins have included, first class (2) JD’s image (the Monastery of Saint Matthew), a historical site and my soul is located in the north of Iraq, and taken by the Iraqis of different sects and religions shrine to seek blessings and tourism.  Included in category (1) BD image and reality are inspired from the displacement of Kurds Faili designed and prepared the Ministry of Culture.  Has been developed on the category (500) fils image to fill a modern on the River Euphrates, and was intended to highlight the importance of water and means of storage and organization in Iraq, and on the category (250) fils putting pictures to fill Kut on the Tigris River, for the same purpose, and put on a category (100 fils), a picture of a lion Babylon, symbol of the power and vigor of the nation of Iraq. and put on a class (50) fils a picture of the palm, the symbol of Mesopotamia. and class (25) fils put a picture of the Ishtar Gate in memory of great Iraqis. 19/06/2012

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