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The absence of small monetary categories is detrimental to the stability of the local economy 7/29/2018 In the middle of a clothing store, he stood up to me after chatting with one of the customers of the shop to go to his little desk at the end of his little place, and while he was busy talking while he was opening the table drawer, he drew an his face with signs of anxiety, as he did not find the small categories of local currency from P 250, 500 and 1000 dinars, and he said: "Small cash groups are almost out of our shops, so how can we deal with customers, especially those who give us such large categories as 5, 10, 000 and 25,000 dinars, really it's a big problem." Expert in economic and academic Affairs Dr. Hilal Al-Tahad the presence of small cash groups leads to lower prices in contrast to large groups, which increase inflation and price rises, especially in the categories of 25 and 50 thousand dinars, and it is known that any economy in which the small groups disappear For coins leads to the supremacy of the large and increase their market circulation at the expense of the small. Notable absence The shops and markets alone are not affected by the absence or scarcity of small cash groups, but also by banks, and the bank says they prefer not to be named: "A short while ago we noted the absence of cash categories of 250 and 500 dinars, since we are unable to provide them and give them to citizens and employees alike, and if we are equipped with them they are very few compared to the real need for them, and no one knows why they are missing because we have not noticed any new edition in the market or in the sucking Irv, this is a threat to our economy because these categories are accessible to all and easy to handle as compared to the large ones that exist, such as 50,000 dinars, so banks have to accept and receive damaged currencies from the citizens. " General manager of the Department of repair and storage at the central bank Abdul Karim Hassan said in a previous statement to "Morning: "We have instructed the government and commercial banks to receive and replace, without any fines, the damaged banknotes from the citizens and to provide them with any quantity and the banks in contravention of those instructions are held accountable, and in respect of the burned or buried currency the citizen can hand over to the bank Exclusively for replacement as soon as they are submitted under certain controls. " Financial cover And while he's busy arranging the clothes inside his shop, he's full of wonders. "What is the real reason for the absence of small groups earlier, we were noticing the existence of modern-day coins that are being dealt with, but today it is only the old and almost corrupted. Is this a harbinger of the occupation of large market groups and how a simple citizen can go along with this, which could lead to High prices of goods and merchandise?. According to the bank, the custom is to print out the country's coins and provide a cover for printing according to a certain vision. Iraq provides this order of oil sales and perhaps the scarcity or disappearance of small cash categories is a sign of the failure of the printing process, and it is known that the previous system was printing Within the country are traded by the citizens of Iraq exclusively and unrecognized outside of it at the fall of the system this money is no longer valuable and has been handed over by the citizens to the competent authorities for the benefit of one way or another. Our current currency is internationally recognized and has value compared to the counterpart In the previous system. " The Director-General of the Department of Repair and Storage stated that the central bank had processed the Rafidain and Rasheed Bank with banknotes and small categories for payment within the salaries of employees, and the bank was sorting out and compensating them with new papers, stating that the bank continued to print and improve banknotes In particular the small groups and their pumping instead of the damaged leaves, they are required to maintain and accept the currency, whatever its situation, as a symbol representing the country's sovereignty and to inform the bank if the banks refuse to receive the damaged currency from the citizens. Iraqi dinar After the British occupation of Iraq during the First World War, the occupying Power took over the currency of the Indian rupee as an official currency instead of the Ottoman lira, and in 1931 it was decided to establish an Iraqi Currency council with responsibility for the issuance of a special Iraqi currency, with the promulgation of Act No. 44 of 1931, which provided An Iraqi dinar equivalent in value to the pound sterling, divided into 1000 fils, as the first release of the dinar was shown in King Faisal I on the first day of April 1932, and the banknotes were in the quarter-and-half-dinar category, one dinar, five, ten dinars and a hundred dinars, while coins from Coins are in the category of Fils and fils, 4 money, 10 money, 20 fils, 50 fils and 100 fils or Sr. The Iraqi Currency Council continued to issue banknotes and coins until the establishment of the Iraqi National Bank in 1947, and in 1954 the Central Bank of Iraq was established, which became responsible for issuing Iraq, the Iraqi dinar throughout that period was linked to the pound sterling, whose value was rising and decreasing according to the vagaries of the British economy. Coins The fifteenth anniversary of the coins, which were circulating in the 1950s and 1960's, is a civilized form of cash categories, with a value of five and 10 money, all of which were within the reach of the citizen and easy to obtain. Economic researcher Leith Ali Ben It is known that the form of currency and its colours have a great psychological effect on the consumer this has been demonstrated by the various scientific studies as they become more proud of their currency and their desire to legalize the purchase, as well as the need for the coins, which are observed to have not disappeared from trading in Different countries of the world, because they depend on the presence of the parts for example 350 or 450 dinars We note that the coins were completely disappeared from circulation in Iraq's Asazona, and earlier they had a presence since certain devices had previously used this currency, including landlines that existed In public places today it has been dispensed with for a variety of reasons, including changes in the trading markets, as well as its cost, so it has been replaced by the paper that has become the current trading woman. The Economist also notes that with regard to the depreciation of the Iraqi currency against the dollar, the citizen may feel that his national currency is worthless, but when it rises, he gets a great deal of it before it, starts by keeping it and trying to legalize the purchase, and in terms of removing zeros from the Iraqi currency There is a belief that this has an impact on the psychological aspect, since when it disappears from monetary currency, the citizen will feel the importance of his currency and the need to preserve it, in addition to the fact that the paper in which the currency is printed must be of a luxurious kind, as its effect has psychological effects and prompts the consumer to think about the necessity of alleviating A thief from this coin, replacing it with other quality, clear and colorful paper. Reuse The employee Shahrazad Mohammed Akdt said that her salary for two months was completely cut off from the small cash categories of 250 and 500 dinars, although they are very bad and sometimes not received by sellers or even private and public taxi drivers, which is a real problem for the citizen. The plague has shown that confronting such a problem requires studying the market situation and finding a solution either by distributing the small cash categories to employees ' salaries or by printing small, easy-to-trade currencies, taking advantage of the damaged coins, converting them into dough and later using them, and small groups are of great importance for being easy to trade Among the citizens and is working to stabilize the economy. In the middle of a clothing store, he stood up to me after chatting with one of the customers of the shop to go to his little desk at the end of his little place, and while he was busy talking while he was opening the table drawer, he drew an his face with signs of anxiety, as he did not find the small categories of local currency from P 250, 500 and 1000 dinars, and he said: