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Showing results for tags 'cancel small notes'.
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The central bank issues a decision to cover the market need of small monetary categories Economie 2019-09-23 | 3 o'clock 8,051 views The Central Bank of Iraq, on Monday, to cancel the fine shortage of deposits of small categories of banks, attributing the decision to cover the market need of new notes for small cash groups. The bank said in a statement received by Alsumaria News, a copy of it, that "in order to cover the market need of new paper for small cash categories" 250, 500, 1000 "it was decided to cancel the fine shortage that may appear in the deposits of banks approved by small cash categories for a limited period," Indicating that "that comes to achieve the desired purpose of withdrawing the damaged cash currency in circulation." He added that "the counting and sorting of banknotes damaged for these categories require time and effort from the competent staff for the difficulty of counting in the counting machines." It is noteworthy that the Central Bank of Iraq during the last period pumped large quantities of small groups after these categories have been damaged, which the citizen found it difficult to circulate. https://www.alsumaria.tv/news/اقتصاد/319277/البنك-المركزي-يصدر-قرارا-لتغطية-حاجة-السوق-من-الفئ
