CBI News 05/31/2018

[yota691]

Obligation to replace the damaged currency

 

 May 31, 2018

 

To all approved banks ( obligation to replace the damaged currency )

 

 

 

[yota691]

The central bank is obliged to replace the damaged currency without commissions

 

Thursday 31 May

 

 

Alsumaria News / Baghdad   He stressed the Central Bank of Iraq , on Thursday, the need for all banks commitment to replace the damaged currency without commissions.   The bank said in a statement received Alsumaria News that "the banks approved all compliance obligation issued by the Department of the issuance and the treasury in 2017 and the replacement of the damaged currency without the payment of commissions in return for that," noting that "non-compliance will bear the bank infringing all the legal consequences in accordance with Article 63 of the Bank Central Bank No. 56 of 2004 amended.     The bank asked the banks to provide him with the disclosure of the damaged amounts exchanged by them, which were received from the public until 31 May, "stressing the need to" respond to the answer within 3 days of the date of his book. "   It is noteworthy that a large number of damaged banknotes are still trading in the local markets, while the banks to return these securities again to the public after the deposit.

[yota691]

.. The Central Bank of Iraq obliges banks to replace the currency "damaged" without charge "

Thursday 31 May 2018 at 15:27 PM (41 views).. The Central Bank of Iraq obliges banks to replace the currency "damaged" without charge "

 

Baghdad / Sky Press

The Central Bank has announced that all banks must replace the damaged currency without commissions.

The bank said in a statement received by Sky Press that "the banks approved all compliance obligation issued by the Department of the issuance and the coffers in 2017, including replacement of the damaged currency without the payment of commissions in return for that," explaining that the bank infringing will bear all legal consequences in accordance with Article 63 of the Central Bank Law No. Amendment No. 56 of 2004.

[Big_J]

GM YOTA AND DV. Would be nice if they were replaced with LD's

[6ly410]

[jeepguy]

we need too see the list of  (   To all approved banks ( obligation to replace the damaged currency )

[boosterbglee]

Would currency sitting in a safe for 10 years be considered “damaged” due to lack of circulation?😊

[Officiallytook]

Is this the start?

[Rmc10]

I sure hope so. We've been waiting like forever.... 😊

[jeepguy]

1 hour ago, boosterbglee said:

Would currency sitting in a safe for 10 years be considered “damaged” due to lack of circulation?😊

Hahahaha ,  rumple the dinar up, put a little tear in each corner ! 

[Pitcher]

, boosterbglee, awesome.  After reading your post I went into my safe to make sure my Dinar is still alive.  I decided to count them and low and behold I have more than I thought. I counted it twice and then I remembered I bought my sister’s Dinar because she needed money.  If we RV I’ll give it back to her.  

[Pitcher]

Once many years ago I thought we were close to RV’ing so I went to get my Dinars.  The only problem was I couldn’t remember were I hid them in my house.  After a few hours of frantic search I found them. Whew,  now I have a safe and I’m so glad mine are doing well!,

They are ready to go back to Iraq.  

[alreis]

Well, I did my part!  I just sent my passport in for renewal.

Should RV, wait for it,   

 

SOON.

[Half Crazy Runner]

18 minutes ago, Pitcher said:

I’m so glad mine are doing well!,

They are ready to go back to Iraq

 

I’m about ready to grab my dinars and get on a plane to Iraq myself if that’s what it’s gonna take!!

[jmartin1145]

1 hour ago, Pitcher said:

, boosterbglee, awesome.  After reading your post I went into my safe to make sure my Dinar is still alive.  I decided to count them and low and behold I have more than I thought. I counted it twice and then I remembered I bought my sister’s Dinar because she needed money.  If we RV I’ll give it back to her.  

I couldn't tell you how much I actually have. I don't have much but I get confused counting the lower notes. Lose track. I don't like having to start over for something that hasn't happened.

[Pitcher]

My wife made me promise I would never go to Iraq if it was required to turn in the Dinar.  I can’t decide if she still loves me that much or she’s afraid I will cash in and keep going.  Haha. 

[ScaryMary]

5 hours ago, Pitcher said:

, boosterbglee, awesome.  After reading your post I went into my safe to make sure my Dinar is still alive.  I decided to count them and low and behold I have more than I thought. I counted it twice and then I remembered I bought my sister’s Dinar because she needed money.  If we RV I’ll give it back to her.  

Pitcher, that is the sweetest thing I have heard in a while.

[yota691]

Iraq: Central Bank stresses the need for banks to replace the damaged currency without commissions

Thursday, May 31,

 

Damaged currency

The Central Bank of Iraq stressed the need to commit all banks to replace the damaged currency without commissions.

The bank said in a statement on Thursday: "The banks approved all compliance obligation issued by the Department of the issuance of safes in 2017 and the replacement of the damaged currency without the payment of commissions in return for that," noting that "non-compliance will bear the bank infringing all the legal consequences in accordance with Article 63 of the Bank Central Bank No. 56 of 2004 amended.   

The bank asked the banks to provide him with the disclosure of the damaged amounts replaced by them and received from the public until 31 May, "stressing the need" to respond to the answer within 3 days of the date of writing. 

[Texstorm]

Good morning Yota and all of DV ! I guess I can give them 3 more days. 😌

[navira]

The CBI wants these notes now so they can start the process...let's go banks

[6ly410]

Just now, navira said:

The CBI wants these notes now so they can start the process...let's go banks

[Joe Sutherland]

Could this be one of the mechanisms used to get the citizens to open bank accounts?

Trading damaged dinars in for dinars deposited into their account... Basically a mandatory deposit to keep from forfeiting the value of the damaged dinars?

Thoughts?

[navira]

I bet these citizens are gonna be lining up at the banks once these banks start taking these bad notes and replace them with lower denoms

[6ly410]

2 minutes ago, navira said:

I bet these citizens are gonna be lining up at the banks once these banks start taking these bad notes and replace them with lower denoms

[navira]

The incentive is no fee will be charged to turn in these bad notes...so these should be good for the citizens....no fees n recieve ur lower denoms. This is great...the lower denoms will have purchasing power. By the way, deposits are insured by the CBI n so will all the banks.