Thread: 25 Dinar Note

New Coins on the CBI Site, this is good news!!!!!!
http://cbi.iq/index.php?pid=Banknotes

Originally Posted by brenman8

New Coins on the CBI Site, this is good news!!!!!!
http://cbi.iq/index.php?pid=Banknotes

Sorry, the 50 and 100 were old coins removed over a year ago, the new ones will have to be a lot smaller denom, like .05, .10, .25, 1.00 is my best guess.

Success to all, Mike

Mike[OSW]....whats your take on this dropping of 3 zeroes...or loping if you will....have you heard anything new or is this still old news being dug up from years past?...if they do lop or drop 3 zeroes,what will my 25,000 dinar note be worth then?...Pat

Originally Posted by bigopie

Mike[OSW]....whats your take on this dropping of 3 zeroes...or loping if you will....have you heard anything new or is this still old news being dug up from years past?...if they do lop or drop 3 zeroes,what will my 25,000 dinar note be worth then?...Pat

Hi Pat,

Sure is crazy reading some of these recent announcements which as usual, don't make much sense in translation. In fact, as we know, we have heard articles on lop for years, now we hear recent term of raise zeros, so which is it, who knows.

Like most, I am fed up with all the BS which is about the same exact thing we hear in Washington, so Iraqi's have learned well on how to screw the people and bend the truth on the real state of economy. As I see it, this is a sure sign we are going to see something major in the next month or so, and if you read between the lines, which is the only way you can make heads or tails on revalue, then it is positive news.

Look at it this way, there has never been a case where dual currencies of different face values were ever equal, it just makes no sense, which is typical in Iraq. lol Why would they introduce a new currency, admitting it will be without three zeros if not because they were about to revalue. We see no gain by removing zeros with no revalue, and the only time this happens is when inflation is out of control, which is not the case in Iraq.

Then we go back and try and put all these pieces of the puzzle together, and it all points to a revalue, but as I have felt all along, it won't be what most are hoping for, but a start at about .33 with a remote possiblity of it being up to .86 range at first. At least this is the way I see it. I am going to hold onto the majority on my dinar for retirement, so it doesn't bother me much one way or another.

For most, they will cash out, which I feel is reason for this strategy, and this will bode well for having more reserves for a further increase in dinar value later on. Going back over all the announcements, all the reading between the line, I do think we will see it soon. With Maliki pledge to end unemployment, a rather bold statement which got very little traction in the press, makes you wonder, does anyone believe it? lol He has been a complete failure in the eyes of Kurds, and most of population in Iraq, so this should be interesting next few weeks leading up to election.

Knowing smaller notes have to be introduced, I feel all these announcements are designed to hide the fact of revalue as long as possible, so they state a new currency raising zeros will be introduced, which also saying the current notes will cooexist at same time? Leave it to these wacki Iraqi's to come up with this plan, but then again, they know the people better than we do, they all may be that illiterate that they could be fooled into thinking this was true. lol

Will it work, I guess it could, they introduce new smaller notes, for surely the news would leak out anyway before the fact, so I suspect they want to lull people into thinking nothing more than a currency change is happening, not a revalue. Makes sense to me, and I can't make sense of much when it comes to Iraq, so we shall see. All we can do is hang in there at this point.

Success to all, Mike

thanks Mike...so if I am getting this right you saying that if the dropping of 3 zeroes does occur my 25,000 dinar note will be worth $33 dollars if they reveal at .33 and $86 dollars if it revels at .86 and etc.,etc,....or you have heard that they will not drop 3 zeroes and for every $1 dinar note it would be worth .33 cents or naturally .86 cents if that is what they revel at?...it is quite puzzling still at this stage...and yes.you are right...they can say the same thing twice and get 2-10 different meanings from it....lol....they did learn well from OUR GOVERNMENT on how to SCREW their own people....lol...GO DINARS...Pat

Interesting,

I would say that revalue will hit first, then the raising, lifting, lopping, whatever they want to call it will happen as a means of simply removing old 25K, 10K notes. Sure is a lot of speculation going on because of all these comments, but if it happens as expected, the end result will be in range of .33 to .86, maybe a little higher, but if it is dollar to dinar, or .33 to dinar, I will be happy.

Sometimes we need to take a glance back to see just from where we have come to know full well where we all stand now. Always nice to look back and reread all that has happened so we can connect the dots more easily.

Here is a good refresher.

Iraq is under chapter 7 UN sanctions and as we all know we may see the removal or modification of Chapter 7 sanctions this Tuesday the 16th as the UNSC meets on this very issue. IRAQ: Tuesday Feb. 16th ~ 10:00 am SCC Security Council Meeting: and Feb. 16th Meeting ~ Iraqi Foreign Minister Hoshyar Zebari at the headquarters of the UN Security Council in New York

Chapter 7 is the 7th chapter of the UN charter which places nations under strong international economic sanctions.

Iraq has been under UN Chapter 7 sanctions from 1991 until present.

They were placed under these sanctions right after the invasion of Kuwait.

It was under the authority of Chapter 7 sanctions that the UN/IMF/World Bank came into Iraq and took over the Central bank and the currency of Iraq.

When they did this they deemed all Iraqi Saddam currency void and issued the new currency that we now hold.

The company. DelaRue, printed 9 Trillion IQD and they introduced this in October of 2003 and gave the Iraqis 3 months to exchange the old for the new.

A total of 4.5 trillion was exchanged and went into circulation and the rest was placed into protective storage.

When the new IQD was printed there were 14 denominations printed but only 9 have been issued to date and it is speculated the lower denominations that were not released are the ones that are about to go into circulation now as they remove the larger "zero notes"

It is speculated that the 5 missing denominations that we are about to see are the 25 dinar the 10 dinar the 5 dinar the 1 dinar and the 1/2 dinar notes.

When they did this change of currency they also devalued the currency to near worthless.

This massive devaluation was done for specific reasons.

Reason 1 was to prevent and hinder the resistance from having the funding to fight the US and British forces.

And the second reason was to prevent or reduce the pending humanitarian disaster that would have been caused by a flood of refugees into surrounding nations.

So by doing this massive over night devaluation they effectively froze/removed the personal monetary assets of all Iraqis.

Now it is under this same authority of the UN Chapter 7 and the sweeping powers it gives the international community over Iraqi assets that the revaluation will happen and this also provides the legal bases of same.

So, all that we will be seeing when the revaluation takes place. is the return of the assets which were removed from the nation of Iraq and its people.

It is not like the nation of Iraq will be getting something out of no where...it is just that what was taken from the people and the nation of Iraq will be returned and even then only a fraction of what they once had.

So the reality of the situation is that after all is said and done the nation of Iraq after coming out of near 20 years of economic sanctions and after the return of the assets and wealth to the people and nation of Iraq the value of the currency even AFTER the revaluation will be a fraction of what it was pre UN sanctions.

As it should be.

So what we are seeing now with all of the confusing articles on the removal of zeros is to be expected.

My analysis of all of the "removal of zero" articles is the following:

1. They are about to revalue their currency up to a $1.00.

2. They at the same time will place into circulation the lower denominations, 25, 10, 5, 1, and 1/2 dinar notes.

3. They will then give a set time for the removal of the "3 zero notes" (large denominations) and that deadline may be the end of 2010.

Now, I have always thought we would see the removal of Chapter 7 sanctions at or near the same time as the revaluation of the Iraqi Dinar and, as stated before, we see that they have set this Tuesday the 16th for the meeting on this very subject.

So that is it ... we see Iraq moving forward with the free and open democratic elections and we have the UNSC meeting this very week on the removal of Chapter 7 sanctions so, all in all, things are looking great.

I thought I would share this refresher with all on just where we have come from in an effort to clarify just where we now stand.

That pretty much sums it up as I see it, and many others do, so we shall see, sure is a fun journey we have been on. lol

Success to all, Mike

Thanks again Mike.

Originally Posted by Offshore-Wealth.com

Interesting,

I would say that revalue will hit first, then the raising, lifting, lopping, whatever they want to call it will happen as a means of simply removing old 25K, 10K notes. Sure is a lot of speculation going on because of all these comments, but if it happens as expected, the end result will be in range of .33 to .86, maybe a little higher, but if it is dollar to dinar, or .33 to dinar, I will be happy.

Sometimes we need to take a glance back to see just from where we have come to know full well where we all stand now. Always nice to look back and reread all that has happened so we can connect the dots more easily.

Here is a good refresher.

Iraq is under chapter 7 UN sanctions and as we all know we may see the removal or modification of Chapter 7 sanctions this Tuesday the 16th as the UNSC meets on this very issue. IRAQ: Tuesday Feb. 16th ~ 10:00 am SCC Security Council Meeting: and Feb. 16th Meeting ~ Iraqi Foreign Minister Hoshyar Zebari at the headquarters of the UN Security Council in New York

Chapter 7 is the 7th chapter of the UN charter which places nations under strong international economic sanctions.

Iraq has been under UN Chapter 7 sanctions from 1991 until present.

They were placed under these sanctions right after the invasion of Kuwait.

It was under the authority of Chapter 7 sanctions that the UN/IMF/World Bank came into Iraq and took over the Central bank and the currency of Iraq.

When they did this they deemed all Iraqi Saddam currency void and issued the new currency that we now hold.

The company. DelaRue, printed 9 Trillion IQD and they introduced this in October of 2003 and gave the Iraqis 3 months to exchange the old for the new.

A total of 4.5 trillion was exchanged and went into circulation and the rest was placed into protective storage.

When the new IQD was printed there were 14 denominations printed but only 9 have been issued to date and it is speculated the lower denominations that were not released are the ones that are about to go into circulation now as they remove the larger "zero notes"

It is speculated that the 5 missing denominations that we are about to see are the 25 dinar the 10 dinar the 5 dinar the 1 dinar and the 1/2 dinar notes.

When they did this change of currency they also devalued the currency to near worthless.

This massive devaluation was done for specific reasons.

Reason 1 was to prevent and hinder the resistance from having the funding to fight the US and British forces.

And the second reason was to prevent or reduce the pending humanitarian disaster that would have been caused by a flood of refugees into surrounding nations.

So by doing this massive over night devaluation they effectively froze/removed the personal monetary assets of all Iraqis.

Now it is under this same authority of the UN Chapter 7 and the sweeping powers it gives the international community over Iraqi assets that the revaluation will happen and this also provides the legal bases of same.

So, all that we will be seeing when the revaluation takes place. is the return of the assets which were removed from the nation of Iraq and its people.

It is not like the nation of Iraq will be getting something out of no where...it is just that what was taken from the people and the nation of Iraq will be returned and even then only a fraction of what they once had.

So the reality of the situation is that after all is said and done the nation of Iraq after coming out of near 20 years of economic sanctions and after the return of the assets and wealth to the people and nation of Iraq the value of the currency even AFTER the revaluation will be a fraction of what it was pre UN sanctions.

As it should be.

So what we are seeing now with all of the confusing articles on the removal of zeros is to be expected.

My analysis of all of the "removal of zero" articles is the following:

1. They are about to revalue their currency up to a $1.00.

2. They at the same time will place into circulation the lower denominations, 25, 10, 5, 1, and 1/2 dinar notes.

3. They will then give a set time for the removal of the "3 zero notes" (large denominations) and that deadline may be the end of 2010.

Now, I have always thought we would see the removal of Chapter 7 sanctions at or near the same time as the revaluation of the Iraqi Dinar and, as stated before, we see that they have set this Tuesday the 16th for the meeting on this very subject.

So that is it ... we see Iraq moving forward with the free and open democratic elections and we have the UNSC meeting this very week on the removal of Chapter 7 sanctions so, all in all, things are looking great.

I thought I would share this refresher with all on just where we have come from in an effort to clarify just where we now stand.

That pretty much sums it up as I see it, and many others do, so we shall see, sure is a fun journey we have been on. lol

Success to all, Mike

Well put, makes me feel better about this investment. Like you said, if it only goes to .33 I will be content.

thanks Mike....it is good to be refreshed every so often as to where we were...where we are...and where we might be going....unique and fun times are almost upon us...GO DINARS..Pat

Thanks Mike!
But I have another question, if someone knows the answer: What European countries exchange the NID? They don't in Sweden, so I would have to go somewhere to exchange...And if it revalues - then can one travel with a lot of NID? Or will that be counted as "money smuggling" or something?