Central Bank puts the controls to reduce counterfeiting of currency when replacing

[alan_coaks_3]

7 - 4 - 2012

Member of the parliamentary Finance Committee and a Deputy from the Kurdistan Alliance organization that controls established by Mustafa Central Bank on the currency changeover took place in coordination with the Iraqi Government. Mustafa/JD/that "Central Bank instructions and controls on new currency switch process in coordination with the Iraqi Government and informed deputies to reduce forgery during the replacement process. "The Finance Committee discussed with the Central Bank's controls for process easily and smoothly without negatively affected the price of the new currency or allow fraudulent currency trading.". Mustafa said "the Committee also discussed how to help mode that allows the application of the replacement currency without falsification.".Without that reveals these controls, which are confidential cases.. The Central Bank said the new Iraqi currency a day after deleting zeros in January ... Central Bank Governor Sinan Al-Shabibi/JD/"Bank will put up new Iraqi currency after deleting three zeros in 1/1/2013.". The Central Bank Governor said "there are many procedures and many misgivings on its implementation of the Bank is keen to be a safe and easy exchange.". The parliamentary Finance Committee revealed earlier Central Bank contracted with major companies to print the currency of high quality paper. " She is a member of the parliamentary Finance Committee Magda Tamimi "cost actions devoted to switch currency at 150 million dollars. She noted that the "switch currency withdrawals be gradual through the check-in process at banks," "currency be withdrawn gradually and not once as in the previous switch.". Tamimi noted that "the Finance Committee as a follow-up to the work of the Central Bank and abreast of what is going on with the printing of the new Iraqi currency. "The Finance Committee member of" parliamentary speech, "Central Bank Governor Sinan Al-Shabibi" deposit in banks when switching the currency would be in one place and controlled to protect the currency from counterfeiting.

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[unirod]

Sure will be alot of safegaurds in place to assure that the worthless 3 Zero notes are not exchanged. Apparently they won't stay worthless forever...