Central Bank of Iraq 50 Iraqi Dinar Press Release

On February 26, 2015 the Central Bank of Iraq issued a press release announcing for the people of Iraq to stop using the 50 Iraqi dinar currency. The Central Bank is requesting all banks to accept the 50 IQD banknotes with fees or commissions and return the banknotes to the Central Bank. I have the press release from the Central Bank of Iraq translated from Arabic to English. You can download the … [Read more...]

Iraq Central Bank Pulls The Fifty Iraqi Dinar Banknote Continues To Restructure Currencies

Central Bank Iraq pulls fifty Iraqi dinar banknote

Iraq Central Bank starts to reconstruct its currency before delete the zeros project As of today, there is not a single person inside the country of Iraq that has not heard the announcement from the Central Bank of Iraq (CBI). On Sunday, March 1, 2015, the CBI announced that the 50 Iraqi dinar banknotes would no longer be used in Iraq. In October 2003, the Central Bank printed the new Iraqi dinar … [Read more...]

Iraqi Dinar Currency Revaluation Structure

Iraqi Dinar Revaluation currency

  I've written several articles on the Central Bank of Iraq (CBI) delete the zero's project in the last couple of weeks and kept you all updated with the most accurate information.  In a previous article, I said that the delete the zero's project would not start until the first quarter of 2016.  Sources within the Basra Economic Committee stated that the CBI and the Iraqi government will not … [Read more...]

Iraq: Currency Redenomination To Increase Confidence, Revaluation Not On the Horizon

Iraq: Currency Redenomination To Increase Confidence, Revaluation Not On the Horizon

Iraq: Currency Redenomination To Increase Confidence, Revaluation Not On the Horizon Merrill Lynch indicated that a revaluation of the Iraqi dinar is unlikely to take place until after the country substantially increase oil production over the coming 5 to 7 years, adding that the planned redenomination of the currency is not a prelude to the dinar's revaluation.  It said the Central Bank of … [Read more...]

The Delete the Zeros Starting First Quarter in Year 2016 After Security Improves in Iraq

Central Bank of Iraq

  In November, the Iraqi army removed the Islamic State terrorists out of the city of Baiji and the Baiji refinery. On Monday, December 22, the Islamic State Terrorists have conducted a counterattack to reclaim the city of Baiji.  The Iraqi army and Shiite militias left Baiji on Monday morning, and there are people inside Baiji saying that the Islamic State are controlling most of the city.  … [Read more...]

Iraq CBI Gov Says Any Exchange Rate Supported – Possible Revaluation?

http://youtu.be/GlTrB1dRohI American Contractor has translated the video interview with the Central bank Governor. Is it possible that the Gov. Turki, may be referring to a Iraq dinar currency revaluation? Iraq dinar currency with any amount. That is what the CBI Gov. stated in his interview with CNBC Arabia. Iraq Central Bank Gov Turki interview with CNBCArabia - 17 June 2014 Governor of … [Read more...]

American Contractor Podcast 0012

AC talks about the possibility of the elections results being certified this week. The IHEC may bring the results to the Iraqi supreme court.  To get the latest updates from the American Contractor make sure you join the mailing list.  You can join here and be sure and check your email. … [Read more...]