Upgrading of Iraqi currency
Date: July 9, 2016
Special – NEN Iraq
Author – Ahmad Salami
– Dinar plastic (polymer)
– Restructuring of the Iraqi currency
– Re-evaluate the value of the dinar
– Iraqi dinar (polymer):
1.eetm the use of plastic money and made
of material plastic polymer high-efficiency rather than paper made from cotton
material and paper used in the money industry today and that are exposed to
rapid deterioration use life short and the movement of disease transition and
endemic and infectious bunches bacterial with it and move on to people when you
touch Kalmndel infested.
2. plastic money outlive most of its
peers paper twice a number of years and do not affect the high temperatures and
humidity, water, dyes, crushing and does not allow the formation of clusters of
3. plastic money security features very
high degree forgery make it almost impossible to 99.9%.
4. plastic money can be recycled after
it is damaged and the use of new raw materials reduces costs to a very high
percentage Unlike paper that Taathra and lose parts and comes with stickers or
dyes, which burned and then buried. Nor used as the raw material.
5.alncod plastic as far as being the
most evolved its industry costs less than the cost of paper-based counterparts.
6.dol world began a gradual transition
to plastic money instead of paper and the first Arab state of Kuwait is applied
to the new currency system.
– Of Iraqi cash reserves of $ 53 billion
for the year 2016
– Iraq has reserves of 90 tons of gold
.. This is the cover of the Iraqi dinar.
It must be the value of the Iraqi dinar to reflect the value of this financial
– And who is currently (1118) dinars to one US
(According to the Central Bank of the price,
of course), a very low value of digitally ..
Make it difficult to deal externally Dinars
let alone inside Iraq.
needs to restructure its currency (Iraqi dinar):
Delete the zeros phantom inflation inherited from the siege and war ..
the dollar value of 1 is equal to 1 dinar and 118 fils.
payment in Iraqi dinars for imports from China, Iran, Russia and Turkey are all
state of understanding with them about the currency that is dealt with.
the value of the dinar:
dinar code globally DI, and Fils F
re-evaluation of the Iraqi dinar, where every dinar equivalent of 100 fils and
not in 1000 and make every penny is composed of 10 monetary units smaller name
(NIS or rail) ..
each 1 $ = 1 DI and 18 fils.
(Shekel unit calibration Sumerian worked for
in Ur and Uruk like kilogram in the present day)
2. production units metal younger groups most
heavily for many Astkhamat payment and collection of taxes and fees and the
rapid public attitudes and privacy, public transport, ATM and Lafrath in the
produces metal categories:
– AED 10 fils
– Quarter of a dinar 25 fils
– Half KD 50 fils
-danar 1 and is equal to 100 fils, as well as
the issuance of paper has increased by only 20%.
If the improvement in the Iraqi economy,
industrial and agricultural sectors, tourism and housing via the
Add categories are less fils are 1 and 2 fils
and 5 fils future …
paper categories plastic polymer made of plastic resistant to damage and
bacteria and fraud, namely:
-1 Dinars only 20% paper and 80 metal
100 dinars limited trading major category of
banking transactions and large international investment and business deals
Are forcing banks to deploy ATMs in every
province and spend according to the market and the population density and the
development of piggy banks levy metal sheet positions to collect mineral groups
service fees compared to the corner the whole car managed .. The introduction
of credit card banks of digital cash.
Photoman57: Those “Smart Cards”
along with those new ATM’s are connected to a national switch. So when Western
Union made the announcement that this past Sunday citizens could go to any
international branch and wire funds to any country electronically everyone
assumed the rate would also accompany that initiative.
When they flip the switch it will be within an
instant that a new International market rate for Iraq would also be available.
They already announced that they would within
this first legislative term release the rate as a result giving Iraqis
purchasing power before September 3rd.
This is why a few months ago an economist
mentioned that in September 2019 Iraq will experience an economic boom.
considering the budget 2020 will be used to facilitate the allocation of funds
to departments specifically those dealing with the reconstruction project that
is contingent upon purchasing power they need well before Oct 1st.