Finance Committee: CBI to pump small class dinars (250,500,1000) into markets

[rvhope]

Finance Committee: CBI to pump small class dinars (250,500,1000) into marketsPosted: September 21, 2013 in Iraqi Dinar/Politics
Tags: Ahmed Hassan, Baghdad, Central bank, exchange rate, Iraq, Iraqi dinar, News agency, United States Senate Committee on Finance

Finance Committee: rapid damage of small groups dinars behind either in the domestic market

21-09-2013 10:40 AM

Baghdad (newsletter). The parliamentary Finance Committee attributed the reasons for the dearth (scarcity) of small groups in dinars, [in] the local market [due] to perishability, prompting the Central Bank to print new currency and drag the damaged ones to balance the quantity of categories in the Iraqi market.

The Vice-Chairman of the Committee, said attorney Ahmed Hassan (News Agency): most of the citizens and shopkeepers and city buses with a scarcity of small groups especially dinars (250) (1,000) dinars because of perishability.

He added that the Central Bank is printing new currencies with small classes, good quality and [will] replace damaged categories for the purpose of creating a balance in the local market with quantities traded dinars.

This and a number of citizens have complained about the lack of currency of small groups (250, 500, 1000), demanding the Central Bank pumped more quantities on the domestic market.

http://bit.ly/1bxRjoi

 

[Butifldrm]

RV hope very interesting article!  I just hope the smaller classes are 1.00's, 5.00's 10.00's 20.00's, 50.00's and 100.00's.  Thanks for the post. 

[Ghost352]

Thanks for sharing this article!    There is hope for the sooner rather than later!

[Laid Back]

We patiently wait

Go RV, Go strong

[PrettyKitty]

Come-on RV

[outlawclg]

small class dinars (250,500,1000)

 

That is a good start, but not small enough for me.  How about .25, .50, and 1?  Now thats what I call small class dinar!

[Dinar Buddy]

This sound bad? If the average dinar lasts 4 years why would they do anything to the currency till then... It cost billions to turn money in and out of a banking system.

Let's go RB

[Boozer]

If I remember correctly , we heard the same thing last Nov. that the small notes would be released 01/01/2013. I might be wrong on this but, I know it something like this

[sportfisher]

they do the damaged bill replacement every year.

[waterman13]

GO RV @ $3.33

Wm13