Central Bank cancels meet the fine on the damaged money for the purpose of replacing

[yota691]

Central Bank cancels meet the fine on the damaged money for the purpose of replacing

 

Tuesday, 28 October 2014 13:03

 

 

 

 

Alsumaria News / Baghdad 
said the Iraqi Central Bank, on Tuesday, the abolition of interpolation fine damaged coins for the purpose of replacing with new ones, adding that he seeks to trading cleaning of banknotes damaged. The bank said in a statement, "Alsumaria News" received a copy of it, he was "for the purpose of encourage banks and financial institutions on the securities and cash received damaged and damaged and burnt from the public has been decided to cancel the fine imposed on the damaged leaves of the currency, which was free in the banks received from the public under the pretext of imposing these fines are met. "
 

 

 

 

The bank added that it "seeks to clean up the trading of banknotes damaged and burnt and damaged in the markets." and still most of the Iraqi banks and financial institutions, as well as most traders refuse to handle financial damaged banknotes and often refuse received from citizens.

 

[moneysoon]

Thanks Brother Yota,

 

This move will draw EVEN more notes of the street. Notice that it "appears" that Banks and traders are unwilling to take damaged notes due previous fines. Now this should casue a free for all for all notes to be able to be "replaced" that are damaged. A mechanism has just been implemented we will see the full fruit of this later. They are going to get the new notes out one way or another. They have already announced that banks are unwilling so that "could" mean that the CBI will get in on the job!

[gregp]

I Agree Moneysoon. The last minute Vacuum!

[Laid Back]

Increase the exchange rate, remove 000's notes from the market and introduce the lower denomination notes.!

Come on CBI, bring out the new notes.!

[yota691]

Central eliminates fine interpolation on the damaged money versus replacement

Altarykh: 28.10.2014 13:37

 

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Information / Baghdad / .. 
decided the Iraqi Central Bank, on Tuesday, the abolition of interpolation fine damaged coins for the purpose of replacing with new ones, adding that he seeks to trading cleaning of banknotes damaged. 
According to a statement received by the agency / information /, a copy of which, "The Bank decided to cancel the fine imposed on the damaged leaves of the currency, which was reluctant banks received from the public under the pretext of imposing the fine for the purpose of encouraging banks and financial institutions to take over Banknote damaged and damaged and burning of the public are met. " 
The bank added that it "seeks to trading cleaning of banknotes damaged and burnt and damaged in the markets. " 
and still most of the Iraqi banks and financial institutions, as well as most traders refuse to handle financial damaged banknotes and often refuse received from Moatunain.anthy / 25 j

[yota691]

Central Bank eliminates fine interpolation to replace damaged currency

Baghdad / justice - 10/29/2014 - 1:42 | Hits: 25

Decided to CBI, on Tuesday, met cancel the fine on the money for the purpose of damaged replaced with new ones.

The bank said in a press release that he "decided to cancel the cancellation of the fine imposed on the damaged leaves of currency are met, in order to encourage banks and financial institutions to take over the securities and cash damaged and damaged and burnt from the public." He added, "as they were reluctant banks received from the public under the pretext of imposing a fine." The bank confirmed that it seeks to "trading cleaning of banknotes damaged and burnt and damaged in the markets," .otaatard currency paper in Iraq to damage, because of the quality of the paper used in the industry, according to specialists in printing, so that they assert that those responsible for the currency printing process Iraqi not possess expertise in this area.

 

[sandfly]

THANKS