Trish In The Category Of 100 Thousand Dinars Central Bank: We Plan To Restructure The Iraqi Currency, Including The Deletion Of Zeros


Revealed the Governor of the Central Bank of the existence of a plan for the future restructuring of the Iraqi currency, including the deletion of zeros, while the bank is currently defrauding the issue of the currency of the category of 100 thousand dinars. The governor of the Central Bank Ali Al-Alaq: The idea of ​​putting the currency of the category of 100 thousand dinars traded by the Central Bank, but at the moment to delay them, indicating that there is a tendency in some countries to reduce the currency categories so as not to be stored or falsified. He continued: The currencies of small groups, may lead the citizen to bid farewell to banks for the difficulty of storage, revealing that the central bank has a future plan to restructure the Iraqi currency, including the deletion of zeros, but this plan needs to consider steps, and a stable situation fully so as not to Exploit this in the work of forgery and others. The Central Bank of Iraq also announced the abolition of the requirement of appointing the director of the intermediary companies. The bank said in a brief statement that based on the decision of the board of directors of this bank No. (114) for the year 2018, it was decided to cancel the condition of owning shares in the company for the purpose of appointing the director of the brokerage companies to sell and buy foreign currency. While the Central Bank of Iraq announced that it was officially exited from the list of sanctions imposed by the European Union, during the era of the regime buried. The bank said in a statement that the Brussels move, published in the official newspaper of the European Union, confirmed the abolition of sanctions imposed on this bank under the former regime. The European sanctions provide for the prohibition of dealing with a group of Iraqi financial and non-financial institutions, including the Central Bank of Iraq. The Central Bank of Iraq that this development came after making significant progress in improving the performance and application of international regulations and standards in the banking field. He added: Under these recent amendments, the international financial banking institutions will be allowed to deal with the CBI in accordance with the new instructions, as it has become a reliable financial institution to deal with European international institutions. The Central Bank denied the circulation of the $ 100 for the previous editions of the pre-2006 publications, pointing out that rumors in this regard fall within the category of market speculation. “The bank is trading all categories of the dollar and all previous editions even before 2006,” said Mahmoud Mohammed Dagher, general manager of the Department of Financial Operations and Public Debt Department at the Central Bank. “The circulation of $ 100 for the pre-2006 period is far from Indeed”. He added that “the bank does not reject a specific category or edition of the dollar, unless it is forged,” noting that “the non-circulation of some citizens and banking offices of the old issues, back to the Iraqi market and the bank has nothing to do with it. He pointed out that all the neighboring countries of the Turkish and Jordanian markets are dealing in dollars without account of the categories or editions of the opposite market in Iraq. Some owners of Iraq’s banking offices refuse to buy the $ 100 category from pre-2006 issues and return $ 1 notes to their owners.

One thought on “Trish In The Category Of 100 Thousand Dinars Central Bank: We Plan To Restructure The Iraqi Currency, Including The Deletion Of Zeros

  1. What do you make of this statement? They ARE going to delete the zero’s or not? It seems they are saying the same thing, that being, we ARE going to delete the 000’s but we need more ‘steps and stability’?

    “… the central bank has a future plan to restructure the Iraqi currency, including the deletion of zeros, but this plan needs to consider steps, and a stable situation fully so as not to Exploit this in the work of forgery and others…”

    on another note…

    Kuwait did this same thing and then just changed the rate the next business day. I could be wrong but I think Iraq just had a visit from the leader of Kuwait… some are talking about a new basket of currency from the dinar countries and Iran.

    signing off for now. i have a headache! 🙂

    Like

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