[19:51:06] AMG: how was your day
[19:51:15] TRC: good
[19:51:36] TRC: whats new
[19:52:00] AMG: interesting post on the 50 dinar note
[19:54:43] AMG: the talk of the town
[19:59:27] AMG: what are your thoughts relating to the 50 IQD note??
[19:59:34] When is RV?
[19:59:34] Do we have date and rate
[20:00:15] TRC: they never announced before, about printing new 50 with new security features,
[20:00:53] TRC: so assuming, only the larger notes would get the new security features,
[20:01:46] TRC: the current 50’s will cease to be used after April 30th, and will no longer hold value
[20:02:21] AMG: saw some folks with 50’s starting to panic
[20:02:35] TRC: the 250,500 and 1000 and up are supposedly
[20:03:24] TRC: yes I thought at one time of getting some 50’s too, as to be safe if there was a lop
[20:03:31] AMG: the 50 is the only note i don’t have………………99% have 3 zeroes
[20:03:41] TRC: obviously there will be no lop
[20:04:04] AMG: yup
[20:05:41] TRC: I am sure the dinar dealers are getting swamped
[20:05:57] AMG: the 50 was useless anyway at this time and before
[20:06:20] TRC: I am waiting in quewe now , asked the obvious question, waiting for response
[20:06:43] AMG: ohh
[20:07:59] TRC: iraqi banks will accept them at current value
[20:09:27] TRC: now we must ask the obvious question, what is CBI up to
[20:09:34] TRC sent an audio message: Drumroll
[20:10:28] AMG: been thinking that all day……………………..several scenarios
[20:10:33] AMG sent an audio message: Drumroll
[20:13:29] TRC: can only assume, that rates may be different on current large IQD banknotes, than what is official value, after a revaluation
[20:13:49] TRC: when exchanging outside Iraq
[20:14:54] TRC: a new currency being released at latter date, with new 100,50,25 being released
[20:15:03] AMG: possibilities boggle the mind
[20:20:19] design: it really does AMG…..
[20:20:24] TRC: a new currency being released after April 30th
[20:21:27] AMG: I missed that one TRC
[20:22:13] TRC: I am making a scenario
[20:23:15] AMG: brb………keep that thought lol
[20:24:02] TRC: seems dinartrade/xchange of america is stumped too, still waiting for response
[20:24:23] TRC: am in chat there
[20:31:52] design: lol
[20:35:47] AMG: please hold
[20:35:51] AMG sent an audio message: Laugh
[20:36:21] TRC: no official response on that yet
[20:36:53] TRC: the helper had to ask the boss, he had to ask his boss
[20:36:58] TRC sent an audio message: Drumroll
[20:37:16] AMG: maybe, they’re putting a statement together……………cuz of all the interest
[20:37:45] AMG: that’s funny
[20:37:54] AMG sent an audio message: Oh Boy!
[20:40:41] TRC: as far as I can tell, they don’t buy 50 dinar notes
[20:41:09] AMG sent an audio message: Oh ohh!
[20:41:18] TRC: looked on buying currency page, they only have 5k, 10k, and 25k notes listed
[20:44:10] TRC: Kirkuk police headquarters announced on Thursday the arrest of the driver’s personal vice president of the former regime required by the Iraqi judiciary Izzat al-Duri, indicating that the detainee is a senior leader in Naqshbandi that led the league army
[20:44:56] TRC: this dude is still on loose unbelievable, 25 million dollar awards on his capture
[20:45:15] TRC: 2003, USA put bounty on his capture
[20:45:38] TRC: al-duri’s driver was captured today
[20:45:47] TRC: :whistle:
[20:45:56] TRC: where is al duri
[20:47:30] TRC: “the driver of Tikrit province, and had been working in the private security apparatus during the rule of Saddam Hussein, then later joined a group allied with Akechbdah Daash in Sunni areas of Iraq.”
[20:48:08] AMG: whoa
[20:49:31] AMG: maybe al duri is still hanging out there
[20:50:15] TRC: hard to believe
[20:50:36] TRC: he must have a very loyal crew protecting him
[20:50:53] TRC: republican guard
[20:51:18] TRC: maybe he is giving support to al baghdadi
[20:52:50] TRC: al duri was next in power to saddam , if anything happened to saddam , he was supposed to take command
[20:53:08] TRC: he is still on loose?
[20:57:14] AMG: scary
[20:59:36] When is RV?
[20:59:36] Do we have date and rate
[21:00:22] AMG: soon, no and no
[21:00:31] AMG sent an audio message: Laugh
[21:01:32] AMG: before summer would be nice!!
[21:03:25] TRC: must be close
[21:12:00] TRC: The Cabinet Minutes fifth held regular on 03/02/2015 approve the recommendation of the Committee on Economic Affairs on the inclusion of goods and materials imported all Product those of the Iraqi public companies, and mixed, and private all customs tariff No. 22 for the year 2010 law, that this decision is implemented, starting from Date of 03/01/2015.
[21:12:04] TRC sent an audio message: Drumroll
[21:13:45] AMG: oh
[21:14:55] AMG: taxes will be high on tobacco, booze imported cars and so on
[21:15:24] design sent an audio message: Drumroll
[21:18:50] TRC: March 1st
[21:20:06] design sent an audio message: Oh Boy!
[21:22:37] TRC: lots of weird and interesting news
[21:22:42] TRC sent an audio message: Clear Throat
[21:33:48] TRC: so custom tariffs go into effect , same day the start of withdrawal of the 50 IQD banknote
[21:33:58] TRC sent an audio message: Drumroll
[21:34:11] TRC: makes you go hmm
[21:34:27] AMG: i like that ^.^
[21:34:54] TRC: things are happening, but we don’t know where we stand
[21:34:59] TRC sent an audio message: Laugh
[21:35:19] AMG: Looking forward to Sunday/Monday
[21:35:49] AMG: keep us confused is their goal
[21:38:20] TRC: on another view of the scenario , the 50 IQD banknote is much too small , compared to say the size of a USD banknote
[21:38:48] TRC: now global ATM’s use standard size banknotes
[21:39:11] TRC: the Euro and the USD are basically same size
[21:39:15] AMG: yes, can we assume the new denoms will b of 1 size
[21:39:59] TRC: now lets just say the CBI is getting rid of the 50 banknote, just because it cannot be used in a global ATM machine
[21:40:16] AMG: my VND are same size I belive
[21:40:17] TRC: will issue another 50
[21:40:27] AMG: hmm
[21:40:39] TRC: maybe not right away
[21:40:51] TRC: but we have to wait and see
[21:41:40] TRC: the VND are small,
[21:41:40] AMG: :whistle:
[21:42:01] AMG: yes and they feel funny
[21:42:02] TRC: not sure if they are all same size
[21:42:07] AMG sent an audio message: Laugh
[21:42:15] TRC: only have one denom
[21:42:39] TRC: 100,000
[21:42:53] AMG: has 2 denoms
[21:43:47] AMG: 250,000 and 500,000
[21:44:04] TRC: but in the bigger picture, thats what CBI is doing, getting rid of the much too small 50, because of sizes of banknotes used in ATM
[21:44:21] AMG: is gonna visit them on Sat
[21:44:54] AMG: makes sense
[21:45:11] TRC: Rafidain bank manager said earlier this year, the deletion of the zeros need to be done to use the global ATM
[21:45:51] TRC: not sure what kind of set up they have now, with the ATM’s used now
[21:46:16] TRC: must only distribute one or two denominations
[21:46:34] TRC: 25000 and 10000
[21:47:55] TRC: the people who hold 50 IQD banknotes should call local bank or IQD dealer closest to where they are , if they have a large amount
[21:49:38] AMG: yup
[21:49:57] TRC: usually at any ATM’s I have used they release 20’s,
[21:50:14] AMG: same here
[21:50:48] TRC: but Iraq does not have a 25 dinar banknote, yet
[21:52:28] TRC: in a gradual redenomination/change over of currency from large denominations to smaller denominations it would be much smoother if all banknotes were same size
[21:52:50] TRC: to be used at ATM’s
[21:53:39] TRC: they have stated that the plan was to use global ATM
[21:54:02] TRC: international standards
[21:54:11] AMG sent an audio message: Yahoo!
[21:54:25] TRC: will throw out USD as easily as IQD
[21:54:53] TRC: so banknotes would need to be a standard size
[21:59:37] When is RV?
[21:59:37] Do we have date and rate
[22:09:59] TRC: thats all I got
[22:10:22] AMG: :whistle:
[22:10:26] TRC: brain is empty
[22:11:22] TRC: now we know custom tariffs and rv was talked about, in connecting manner we will see if it comes to fruition
[22:11:45] AMG: :bow: yup
[22:20:25] TRC: quite a coincidence, custom tariffs begins same day the 50 IQD banknote starts being pulled
[22:20:34] TRC sent an audio message: Yell!
[22:20:44] Tf sent an audio message: Oh Boy!
[22:21:02] Tf: coincidence???
[22:21:13] Tf sent an audio message: Oh ohh!
[22:21:42] TRC: is it?
[22:21:57] Tf: no coincidence….IMO
[22:22:07] Tf: part of the plan
[22:22:38] Tf: the pieces keep falling in place….
[19:51:06] AMG: how was your day