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CBI News 04/15/2018


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Editor Hussam Al - Khafaji - Monday 16 April
 
 
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Alsumaria News / Baghdad
, select the Central Bank of Iraq, Monday, banknotes unfit for trading conditions which are compensated after the deposit of the bank. 

The bank said in a statement received, Alsumaria News, a copy of it, "The banknotes are not valid for trading if applicable one of the descriptions and compensates the holder of their full value as soon as they are submitted to government and private banks and branches and deposited in the Central Bank and the corresponding amount in their accounts."

 

 


The bank said that "one of the conditions of banknotes not valid for trading is if the banknotes are smuggled or damaged, although not torn and not lose part of it, in addition to if the paper was damaged as a result of exposure to water," indicating that "the banknote will be invalid in the case of The bank is composed of two parts "different figures." The 

bank pointed out that "the other conditions is that the banknote is affixed with transparent tape or more along the length or width, or if the banknote was cut in more than one angle or was loaned," pointing to "The other conditions are if they contain seals or writings that do not affect their appearance Outer, or if lost banknote 50% of the area. " 

He pointed out that the bank"

It is noteworthy that the banknotes currently circulating in the local markets have been damaged and ripped without any new notes.

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The CBI sets out the terms of non-negotiable banknotes

The CBI has defined the terms of the non-negotiable banknotes which are repaid after deposit with the Bank.

The bank said in a statement on Monday: "The banknotes are not valid for trading if applicable one of the descriptions and compensates the holder full value immediately submitted to the banks and government and private branches are deposited in the Central Bank and the corresponding amount in their accounts." 

The bank said: "One of the conditions of banknotes that are not valid for trading is if the notes are bankrupt or damaged even though they are not torn and not lost part of them. In addition, the paper is damaged as a result of exposure to water and will also be invalid if the banknote is composed of two parts "Different Numbers".

"The other condition is that the banknote is affixed to a transparent tape or more along its length or width, or if the banknote was cut in more than one angle or loaned," the bank said. "The other conditions are if they contain seals or writings Does not affect the appearance of the outside, or if the bank lost 50% of its area. 

"Another condition is also if the paper is stuck with foreign material and has affected its features such as inks, dyes, glues, fats and oils, in addition to the fact that the banknote is punctured one or more holes in a random way." 
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The Central Bank determines the conditions of non-negotiable banknotes

The Central Bank determines the conditions of non-negotiable banknotes

2018-04-16

The Central Bank determines the conditions of non-negotiable banknotesOn Monday, the Central Bank of Iraq (CBE) set the terms of non-negotiable banknotes that are repaid after being deposited in the bank.

The bank said in a statement that “the banknotes are not valid for trading if it applies one of the descriptions and compensates the holder of their full value immediately submitted to the banks and government and private branches are deposited in the Central Bank and the corresponding amount in their accounts.”

The bank said that “one of the conditions of banknotes not valid for trading is if the banknotes are smuggled or damaged, although not torn and not lose part of it, in addition to if the paper was damaged as a result of exposure to water,” indicating that “the banknote will be invalid in the case of The banknoteconsists of two parts “different numbers”.

“The other conditions are that the banknote is affixed to a transparent tape or more along its length or width, or if the banknote was cut in more than one angle or loaned,” the bank said, adding that “the other conditions are if it contains seals or Writings do not affect the appearance of the outside, or if the bank lost 50% of its area.

The bank noted that “other conditions also if the monetary paper stuck strange materials and affected the features such as inks, dyes, glues, fats and oils, in addition to if the banknote perforated puncture or more and randomly.”

It is noteworthy that the banknotes currently circulating in the local markets have been damaged and ripped without any new notes.

burathanews.com

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Bing Translation

The central bank determines the terms of the invalid banknotes for trading

 

 

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Bratha News Agency 131 2018-04-16
 

The central Bank of Iraq, on Monday, determined the terms of the non-negotiable banknotes that are compensated after they are deposited in the bank.

The bank said in a statement that "banknotes are considered unfit for circulation if one of the descriptions applies to them and the bearer is compensated at full value as soon as to be submitted to state and private banks and their subsidiaries and deposited in the central bank and their corresponding accounts are recorded."

The bank stated that "the terms of the non-negotiable banknotes are if the banknotes are either unserviceable or damaged, although they are not torn and loss of part, plus if the sheet is damaged as a result of exposure to water ", show that "the cash sheet will be invalid if the cash sheet Consists of two parts, "different numbers".

The bank indicated that "other conditions are that the cash sheet is fixed with or over the length or width of a transparent adhesive tape, or if the cash sheet is cut in more than one corner or have been loaned ", indicating that "other conditions are if they contain seals or writings that do not affect their external appearance, or if you lose  The cash sheet is 50% of its area. "

The bank has also stated that "other conditions if the paper is stuck to the banknotes are strange and have an impact on its features such as inks and dyes and fat or oils, plus if the paper is perforated with one or more holes and in a random way."

Banknotes currently circulating in local markets have been damaged and torn apart without any new banknotes.

Subscribe to the Bartha News agency channel on the Telgram 

https://burathanews.com/arabic/economic/331242

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34 minutes ago, SocalDinar said:

Where is the taxi driver story that we hear every year when they speak of torn notes.?

 

had the same thought , this might be a tip the citizens are catching on .... so they made this years with a new wrinkle ( details ) .. all joking aside i like any and all news when its talking about the currency, financials , market economy ect ... cheers

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The central bank determines the terms of the invalid banknotes for trading.

Interesing timing of this article ........ Looks like they are ready to roll out the lower denomination notes

 

Go CBI

Go trade

Go lower denomination notes

Go purchasing power

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