Central Bank of Iraq Releases 50k Iraqi Dinar Banknotes

central bank of iraq
The Central Bank of Iraq, abbreviated CBI, has released new 50,000 (50k) Iraqi dinar notes. This is a move by the CBI to avoid having to use the United States Dollar as a primary currency.
For many years, the people in Iraq have used the dinar (IQD) for day to day transactions, however, if they are making large purchases, they have a tendency to use the USD instead.
I have looked at a few websites from different people who live in Iraq, or who have lived in Iraq, and I hear consistently that at the bazaars the Iraqi people enjoy the US Dollar as their favored currency.  Even in the local bazaars the USD sees more use for larger transactions, if not most.

Central Bank of Iraq New Dinar Banknotes
central bank of iraq dinar notes new 50k

This is not the country’s first attempt to revalue its currency to stimulate the market. Earlier efforts that began in 2012 have been stalled by perpetual wars which have plunged the economy into recession. The value of the dinar that was once worth $3 in US currency in you s currency has rapidly decreased since the 2003 war. The move which has risen against the backdrop of long-simmering corruption is likely to cause an adverse impact on an economy already on its last legs.

The notes are brown, green, yellow, and blue.  On the front: The jug is created using SPARK technology by DeLaRue, their own color shifting ink technology.  The patch contains a water wheel on the Euphrates river; palm trees; flying birds; Gali Ali Beg waterfall in Kurdistan; palm tree as registration device.

On the reverse are a palm tree; fishermen poling canoes through marshes with flying ducks, water buffaloes, reed house; outline map of Iraq showing Euphrates and Tigris rivers; palm trees. varifeye (see through window cotton containing banknote paper with a clearly defined opening that is sealed by a transparent laminated fill) thread with spiral minaret, Malwiya Tower, at the Great Mosque of Samarra and 4-mm wide purple-to-green RollingStar Cube (security technology which combines movement with changing colors for the first time using a windowed security thread with demetalized Arabic text). Watermark: Horse head. Printer: (G&D or Giesecke & Devrient ). 156 x 65 mm.
a. ٢٠١٥ – ١٤٣٦ (2015/AH1436). Signature 18. Prefix ي/٨٨. Announced: 11.11.2015.

Read more and check out this website on the Iraqi Dinar to learn more about what is happening in Iraq in regards to their currency and economy.

For this Iraqi Dinar Twitter page you can see that there is a lot of disinformation out there regarding the Iraqi Dinar.

Press release on the new Iraqi Dinar banknotes.  (Please note, this link has been updated on 2/3/2016)

As of 2/3/2016, we have still been hearing news that the 100k (100,000) Iraqi Dinar banknotes will be released sometime later in 2016.  It’s anyone’s guess what will happen in the coming years.  The Presidential Election of the United States of America is due around the October/November time period.  How will the new President deal with the ISIS situation?

Keep checking back for updates.

HIV: Scientists at Michael Okpara University make breakthrough

A group of Nigerian scientists have found what could be a novel treatment for Human Immune-deficiency Virus, HIV, infection that may slash the cost of treatment.

hiv aids

The team of scientists, including graduate students and researchers from the Michael Okpara University of Agriculture, Umudike, Abia state, University of Nigeria, Nsukka, and the Federal Medical Centre, Umuahia, Nigeria have been able to show that synthetic Aluminum-magnesium silicate (AMS) has antiretroviral effects that could lay a perfect track for affordable and effective therapy for HIV.

Results of their work titled “Assessment of Antiretroviral Effects of a Synthetic Aluminum-magnesium Silicate” published in the British Journal of Medicine & Medical Research and featured on SCIENCEDOMAIN international shows a significant reduction in the titres of the virus when HIV positive plasma was incubated with AMS.

Head, Department of Veterinary Medicine at Michael Okpara University of Agriculture, and the lead scientist, Professor Maduike Ezeibe, said the discovery could provide an ultimate cure for the virus that has defiled so many scientific efforts to curtail it in the past.

Ezeibe reacted aluminium silicate with magnesium silicate to obtain the synthetic aluminum-magnesium silicate devoid of impurities.

Giving further details Ezeibe noted: “Molecules of aluminum-magnesium silicate have platelets that possess both negative and positive electrical charges on their surfaces and their edges. HIV on the other hand is negatively charged. So the simple scientific understanding that opposite charges attracts ensures that the HIV virus binds to the AMS and is discharged from the body alongside.”

“AMS is normally used as a stabilizing medicine that does not really have toxic effect on the patient, so it makes it a suitable agent for mopping up HIV virus from the body,” he said.

The author noted also that “Absorbing out HIV means that millions of new virions usually released from each infected cell would be inhibited from establishing new infections in more cells,” adding, ”

Thus, HIV would be prevented from overwhelming the body immune systems and the Acquired Immunodeficiency Syndrome (AIDS) stage may be prevented, in which case cure could be achieved, Ezeibe said.

Boko Haram kidnapped the 230 school girls as wives for its insurgents

Normally we like to write about the Iraqi Dinar, but things have changed.

A member of the House of Representatives, Mohammed Tahir Monguno, has said the over 230 abducted school girls taken from the Government Girls Secondary School, Chibok, Borno State were taken as wives for Boko Haram insurgents.

Originally published on: Apr 29, 2014

Monguno,  who represents Chibok in the House of Representatives,  said the abducted girls are being forcefully married in an area called Jiri, Mafa Local Government of Borno State.

He said he learnt from members of his constituents from the Chibok Local Government area that no sooner the girls were abducted, they were forced into marriages with insurgents.

The lawmaker, according to 360nobs.com,  told the Voice of America (VOA) that   ‘villagers saw them (the Boko Haram Islamist terrorists) and the whole world knew that the very day they were abducted, some of them were married out in one area called Jiri, Mafa Local government area.”

He added, “It was there that some of them were married before they moved with the rest. It is about 30 kilometres from there to Maiduguri on a tarred road. Everybody knows this. The security people know too. It is not that people are not cooperating, they are giving information and nothing is done.”

‘These girls were abducted in Chibok, but yesterday, my constituents called and said that they saw them in one area called Shuwaram. From Chibok to my constituency is about 200 kilometres. How can they be carrying the girls for about 200 kilometres without security detection? That is why we are saying that if government wants to succeed, it must stand up and it is not about deploying military alone, but giving them motivation.”

This article has been moved from its original location below:

boko haram attack